YDC: what changed
Two financial 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.
YDC
Largest movements
- Stocks and contracts +€312,962
up €312,962 (+326.5%), from €95,850 to €408,812
- Receivables within one year +€97,511
up €97,511 (+170.5%), from €57,185 to €154,695
of which Trade receivables: +€90,375
- Cash -€94,103
down €94,103 (-72.5%), from €129,886 to €35,783
mainly Stocks and contracts (-€312,962) and Receivables within one year (-€97,511)
- Financial fixed assets +€13,618
up €13,618 (+75.2%), from €18,120 to €31,738
- Short-term financial debts +€150,000
up €150,000 (+6198347.1%), from €2 to €150,002
- Profit (loss) carried forward +€104,475
up €104,475 (+80.1%), from €130,477 to €234,951
- Trade debts +€54,305
up €54,305 (+84.2%), from €64,464 to €118,769
- Tax, wage and social debts +€43,188
up €43,188 (+84.3%), from €51,212 to €94,400
of which Taxes: +€40,150
- Debts after one year -€15,893
down €15,893 (-33.8%), from €46,982 to €31,090
- Gross operating margin +€58,386
up €58,386 (+70.8%), from €82,499 to €140,885
- Taxes +€13,240
up €13,240 (+79.3%), from €16,702 to €29,942
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 | €311,859 | €648,310 | +€336,451 | +107.9% |
| Fixed assets | 21/28 | €24,597 | €43,977 | +€19,380 | +78.8% |
| Tangible fixed assets | 22/27 | €6,477 | €12,239 | +€5,763 | +89.0% |
| Furniture and vehicles | 24 | €2,698 | €9,443 | +€6,745 | +250.0% |
| Other tangible fixed assets | 26 | €3,778 | €2,796 | -€982 | -26.0% |
| Financial fixed assets | 28 | €18,120 | €31,738 | +€13,618 | +75.2% |
| Current assets | 29/58 | €287,262 | €604,333 | +€317,071 | +110.4% |
| Amounts receivable after more than one year | 29 | €4,000 | €4,000 | = | 0.0% |
| Trade receivables | 290 | €4,000 | €4,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €95,850 | €408,812 | +€312,962 | +326.5% |
| Stocks | 30/36 | €95,850 | €408,812 | +€312,962 | +326.5% |
| Amounts receivable within one year | 40/41 | €57,185 | €154,695 | +€97,511 | +170.5% |
| Trade receivables | 40 | €44,901 | €135,275 | +€90,375 | +201.3% |
| Other amounts receivable | 41 | €12,284 | €19,420 | +€7,136 | +58.1% |
| Cash at bank and in hand | 54/58 | €129,886 | €35,783 | -€94,103 | -72.5% |
| Deferred charges and accrued income | 490/1 | €342 | €1,044 | +€702 | +205.4% |
| Total equity and liabilities | 10/49 | €311,859 | €648,310 | +€336,451 | +107.9% |
| Equity | 10/15 | €133,477 | €237,951 | +€104,475 | +78.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,477 | €234,951 | +€104,475 | +80.1% |
| Amounts payable | 17/49 | €178,382 | €410,359 | +€231,977 | +130.0% |
| Amounts payable after more than one year | 17 | €46,982 | €31,090 | -€15,893 | -33.8% |
| Financial debts | 170/4 | €46,982 | €31,090 | -€15,893 | -33.8% |
| Amounts payable within one year | 42/48 | €131,229 | €379,099 | +€247,869 | +188.9% |
| Current portion of amounts payable after more than one year | 42 | €15,375 | €15,893 | +€517 | +3.4% |
| Financial debts | 43 | €2 | €150,002 | +€150,000 | +6198347.1% |
| Credit institutions | 430/8 | €2 | €150,002 | +€150,000 | +6198347.1% |
| Trade debts | 44 | €64,464 | €118,769 | +€54,305 | +84.2% |
| Suppliers | 440/4 | €64,464 | €118,769 | +€54,305 | +84.2% |
| Advances received on contracts in progress | 46 | €35 | €35 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €51,212 | €94,400 | +€43,188 | +84.3% |
| Taxes | 450/3 | €51,212 | €91,362 | +€40,150 | +78.4% |
| Remuneration and social security | 454/9 | - | €3,038 | +€3,038 | |
| Other amounts payable | 47/48 | €141 | - | -€141 | |
| Accrued charges and deferred income | 492/3 | €171 | €171 | = | 0.0% |
| Non-recurring operating income | 76A | €222 | - | -€222 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,131 | €2,477 | +€346 | +16.2% |
| Other operating charges | 640/8 | €838 | €1,187 | +€349 | +41.6% |
| Gross operating margin | 9900 | €82,499 | €140,885 | +€58,386 | +70.8% |
| Operating profit (loss) | 9901 | €79,530 | €137,221 | +€57,691 | +72.5% |
| Financial income | 75/76B | €104 | €841 | +€737 | +707.5% |
| Recurring financial income | 75 | €104 | €841 | +€737 | +707.5% |
| Financial charges | 65/66B | €2,624 | €3,646 | +€1,021 | +38.9% |
| Recurring financial charges | 65 | €2,624 | €3,646 | +€1,021 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €77,010 | €134,417 | +€57,407 | +74.5% |
| Income taxes | 67/77 | €16,702 | €29,942 | +€13,240 | +79.3% |
| Profit (loss) for the period | 9904 | €60,307 | €104,475 | +€44,167 | +73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,307 | €104,475 | +€44,167 | +73.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.