YDCO: 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.
YDCO
Largest movements
- Deferred charges and accrued income -€93,915
down €93,915 (-42.4%), from €221,692 to €127,778
- Receivables within one year -€64,083
down €64,083 (-21.2%), from €302,730 to €238,647
of which Trade receivables: -€51,867
- Cash -€58,643
down €58,643 (-31.5%), from €186,387 to €127,744
mainly Net result for the year (-€235,425) and Trade debts (-€111,304)
- Financial fixed assets +€26,112
up €26,112 (+6.1%), from €427,904 to €454,016
- Intangible fixed assets -€24,803
down €24,803 (-16.3%), from €152,218 to €127,415
- Profit (loss) carried forward -€235,425
down €235,425 (-69.5%), from -€338,570 to -€573,995
- Tax, wage and social debts +€158,983
up €158,983 (+26.0%), from €610,350 to €769,333
of which Remuneration and social security: +€133,045
- Trade debts -€111,304
down €111,304 (-26.2%), from €424,204 to €312,901
- Debts after one year -€109,828
down €109,828 (-60.9%), from €180,418 to €70,590
- Other debts +€90,500
up €90,500 (+90.5%), from €100,000 to €190,500
- Financial income -€112,974
down €112,974 (-79.8%), from €141,513 to €28,539
- Gross operating margin -€85,818
down €85,818 (-4.1%), from €2.1m to €2.0m
- Financial charges +€43,793
up €43,793 (+52.7%), from €83,050 to €126,843
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 | €1,547,871 | €1,315,850 | -€232,021 | -15.0% |
| Fixed assets | 21/28 | €734,381 | €714,884 | -€19,497 | -2.7% |
| Intangible fixed assets | 21 | €152,218 | €127,415 | -€24,803 | -16.3% |
| Tangible fixed assets | 22/27 | €154,259 | €133,453 | -€20,806 | -13.5% |
| Land and buildings | 22 | €88,573 | €82,861 | -€5,711 | -6.4% |
| Plant, machinery and equipment | 23 | €50,821 | €42,803 | -€8,018 | -15.8% |
| Furniture and vehicles | 24 | €14,866 | €7,789 | -€7,077 | -47.6% |
| Financial fixed assets | 28 | €427,904 | €454,016 | +€26,112 | +6.1% |
| Current assets | 29/58 | €813,490 | €600,966 | -€212,524 | -26.1% |
| Stocks and contracts in progress | 3 | €54,721 | €58,837 | +€4,117 | +7.5% |
| Stocks | 30/36 | €54,721 | €58,837 | +€4,117 | +7.5% |
| Amounts receivable within one year | 40/41 | €302,730 | €238,647 | -€64,083 | -21.2% |
| Trade receivables | 40 | €182,395 | €130,527 | -€51,867 | -28.4% |
| Other amounts receivable | 41 | €120,335 | €108,119 | -€12,215 | -10.2% |
| Current investments | 50/53 | €47,961 | €47,961 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €186,387 | €127,744 | -€58,643 | -31.5% |
| Deferred charges and accrued income | 490/1 | €221,692 | €127,778 | -€93,915 | -42.4% |
| Total equity and liabilities | 10/49 | €1,547,871 | €1,315,850 | -€232,021 | -15.0% |
| Equity | 10/15 | -€65,887 | -€301,312 | -€235,425 | -357.3% |
| Contributions | 10/11 | €272,683 | €272,683 | = | 0.0% |
| Capital | 10 | €272,683 | €272,683 | = | 0.0% |
| Issued capital | 100 | €272,683 | €272,683 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€338,570 | -€573,995 | -€235,425 | -69.5% |
| Amounts payable | 17/49 | €1,613,758 | €1,617,162 | +€3,404 | +0.2% |
| Amounts payable after more than one year | 17 | €180,418 | €70,590 | -€109,828 | -60.9% |
| Financial debts | 170/4 | €180,418 | €70,590 | -€109,828 | -60.9% |
| Amounts payable within one year | 42/48 | €1,283,954 | €1,382,610 | +€98,656 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €112,451 | €109,828 | -€2,623 | -2.3% |
| Financial debts | 43 | €36,948 | €48 | -€36,900 | -99.9% |
| Credit institutions | 430/8 | €36,948 | €48 | -€36,900 | -99.9% |
| Trade debts | 44 | €424,204 | €312,901 | -€111,304 | -26.2% |
| Suppliers | 440/4 | €424,204 | €312,901 | -€111,304 | -26.2% |
| Taxes, remuneration and social security | 45 | €610,350 | €769,333 | +€158,983 | +26.0% |
| Taxes | 450/3 | €235,181 | €261,118 | +€25,938 | +11.0% |
| Remuneration and social security | 454/9 | €375,169 | €508,215 | +€133,045 | +35.5% |
| Other amounts payable | 47/48 | €100,000 | €190,500 | +€90,500 | +90.5% |
| Accrued charges and deferred income | 492/3 | €149,386 | €163,963 | +€14,577 | +9.8% |
| Remuneration, social security and pensions | 62 | €2,065,015 | €2,073,812 | +€8,797 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,370 | €51,402 | +€1,033 | +2.1% |
| Other operating charges | 640/8 | €15,619 | €10,737 | -€4,882 | -31.3% |
| Non-recurring operating charges | 66A | €3,927 | - | -€3,927 | |
| Gross operating margin | 9900 | €2,084,649 | €1,998,831 | -€85,818 | -4.1% |
| Operating profit (loss) | 9901 | -€50,282 | -€137,120 | -€86,839 | -172.7% |
| Financial income | 75/76B | €141,513 | €28,539 | -€112,974 | -79.8% |
| Recurring financial income | 75 | €141,513 | €28,539 | -€112,974 | -79.8% |
| Financial charges | 65/66B | €83,050 | €126,843 | +€43,793 | +52.7% |
| Recurring financial charges | 65 | €83,050 | €126,843 | +€43,793 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | €8,182 | -€235,425 | -€243,606 | |
| Transfer to deferred taxes | 680 | €3 | - | -€3 | |
| Income taxes | 67/77 | €16,329 | - | -€16,329 | |
| Profit (loss) for the period | 9904 | -€8,150 | -€235,425 | -€227,274 | -2788.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,150 | -€235,425 | -€227,274 | -2788.5% |
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.