YD MANAGEMENT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
YD MANAGEMENT
Largest movements
- Receivables within one year -€39,680
down €39,680 (-82.5%), from €48,080 to €8,400
- Cash +€18,272
up €18,272 (+461.3%), from €3,961 to €22,233
mainly Net result for the year (+€188,091) and Receivables within one year (+€39,680)
- Reserves +€188,091
up €188,091 (+3761.8%), from €5,000 to €193,091
- Other debts -€184,518
down €184,518 (-26.1%), from €707,258 to €522,740
- Trade debts -€30,028
down €30,028 (-55.5%), from €54,151 to €24,123
- Tax, wage and social debts +€19,547
up €19,547 (+84.0%), from €23,260 to €42,807
- Debts after one year -€14,948
down €14,948 (-7.2%), from €207,986 to €193,037
- Financial income +€150,000
new in 2025: €150,000
- Gross operating margin +€95,401
up €95,401 (+1242.2%), from €7,680 to €103,081
- Taxes +€31,815
new in 2025: €31,815
- Financial charges -€9,344
down €9,344 (-22.1%), from €42,356 to €33,012
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,197,366 | €1,175,958 | -€21,408 | -1.8% |
| Fixed assets | 21/28 | €1,145,325 | €1,145,325 | = | 0.0% |
| Tangible fixed assets | 22/27 | €307,875 | €307,875 | = | 0.0% |
| Land and buildings | 22 | €307,875 | €307,875 | = | 0.0% |
| Financial fixed assets | 28 | €837,450 | €837,450 | = | 0.0% |
| Current assets | 29/58 | €52,041 | €30,633 | -€21,408 | -41.1% |
| Amounts receivable within one year | 40/41 | €48,080 | €8,400 | -€39,680 | -82.5% |
| Trade receivables | 40 | €48,080 | €8,400 | -€39,680 | -82.5% |
| Cash at bank and in hand | 54/58 | €3,961 | €22,233 | +€18,272 | +461.3% |
| Total equity and liabilities | 10/49 | €1,197,366 | €1,175,958 | -€21,408 | -1.8% |
| Equity | 10/15 | €188,454 | €376,545 | +€188,091 | +99.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €193,091 | +€188,091 | +3761.8% |
| Distributable reserves | 133 | €5,000 | €193,091 | +€188,091 | +3761.8% |
| Profit (loss) carried forward | 14 | €133,454 | €133,454 | = | 0.0% |
| Amounts payable | 17/49 | €1,008,912 | €799,413 | -€209,498 | -20.8% |
| Amounts payable after more than one year | 17 | €207,986 | €193,037 | -€14,948 | -7.2% |
| Financial debts | 170/4 | €207,986 | €193,037 | -€14,948 | -7.2% |
| Amounts payable within one year | 42/48 | €799,169 | €604,619 | -€194,550 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €14,500 | €14,948 | +€448 | +3.1% |
| Trade debts | 44 | €54,151 | €24,123 | -€30,028 | -55.5% |
| Suppliers | 440/4 | €54,151 | €24,123 | -€30,028 | -55.5% |
| Taxes, remuneration and social security | 45 | €23,260 | €42,807 | +€19,547 | +84.0% |
| Taxes | 450/3 | €23,260 | €42,807 | +€19,547 | +84.0% |
| Other amounts payable | 47/48 | €707,258 | €522,740 | -€184,518 | -26.1% |
| Accrued charges and deferred income | 492/3 | €1,757 | €1,757 | = | 0.0% |
| Other operating charges | 640/8 | €0 | €163 | +€163 | +1631200.0% |
| Gross operating margin | 9900 | €7,680 | €103,081 | +€95,401 | +1242.2% |
| Operating profit (loss) | 9901 | €7,680 | €102,918 | +€95,237 | +1240.1% |
| Financial income | 75/76B | - | €150,000 | +€150,000 | |
| Recurring financial income | 75 | - | €150,000 | +€150,000 | |
| Financial charges | 65/66B | €42,356 | €33,012 | -€9,344 | -22.1% |
| Recurring financial charges | 65 | €42,356 | €33,012 | -€9,344 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€34,676 | €219,906 | +€254,582 | |
| Income taxes | 67/77 | - | €31,815 | +€31,815 | |
| Profit (loss) for the period | 9904 | -€34,676 | €188,091 | +€222,767 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,676 | €188,091 | +€222,767 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.