YECT: 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.
YECT
Largest movements
- Financial fixed assets +€150,000
new in 2025: €150,000
- Cash -€10,289
down €10,289 (-23.3%), from €44,132 to €33,844
mainly Investment in fixed assets (net) (-€153,173) and Other debts (-€2,448)
- Tangible fixed assets -€5,906
down €5,906 (-29.7%), from €19,866 to €13,960
of which Leasing and similar rights: -€13,877
- Receivables within one year -€3,820
down €3,820 (-20.2%), from €18,945 to €15,125
of which Other amounts receivable: -€6,845
- Debts after one year +€96,739
new in 2025: €96,739
- Reserves +€25,380
up €25,380 (+64.5%), from €39,366 to €64,746
- Current portion of long-term debt +€7,362
up €7,362 (+80.2%), from €9,181 to €16,543
- Tax, wage and social debts +€3,465
up €3,465 (+34.3%), from €10,100 to €13,565
- Other debts -€2,448
down €2,448 (-31.9%), from €7,681 to €5,232
- Gross operating margin +€24,530
up €24,530 (+84.1%), from €29,153 to €53,683
- Taxes +€8,479
up €8,479 (+177.6%), from €4,773 to €13,252
- Financial charges +€1,475
up €1,475 (+163.2%), from €904 to €2,379
- Depreciation -€621
down €621 (-6.4%), from €9,700 to €9,079
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 | €86,657 | €215,930 | +€129,273 | +149.2% |
| Fixed assets | 21/28 | €19,866 | €163,960 | +€144,094 | +725.3% |
| Tangible fixed assets | 22/27 | €19,866 | €13,960 | -€5,906 | -29.7% |
| Land and buildings | 22 | €2,825 | €1,764 | -€1,061 | -37.6% |
| Plant, machinery and equipment | 23 | €2,273 | €4,812 | +€2,539 | +111.7% |
| Furniture and vehicles | 24 | €891 | €7,384 | +€6,493 | +728.9% |
| Leasing and similar rights | 25 | €13,877 | €0 | -€13,877 | -100.0% |
| Financial fixed assets | 28 | - | €150,000 | +€150,000 | |
| Current assets | 29/58 | €66,791 | €51,970 | -€14,821 | -22.2% |
| Amounts receivable within one year | 40/41 | €18,945 | €15,125 | -€3,820 | -20.2% |
| Trade receivables | 40 | €12,100 | €15,125 | +€3,025 | +25.0% |
| Other amounts receivable | 41 | €6,845 | €0 | -€6,845 | -100.0% |
| Cash at bank and in hand | 54/58 | €44,132 | €33,844 | -€10,289 | -23.3% |
| Deferred charges and accrued income | 490/1 | €3,714 | €3,002 | -€712 | -19.2% |
| Total equity and liabilities | 10/49 | €86,657 | €215,930 | +€129,273 | +149.2% |
| Equity | 10/15 | €57,916 | €83,296 | +€25,380 | +43.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €39,366 | €64,746 | +€25,380 | +64.5% |
| Distributable reserves | 133 | €39,366 | €64,746 | +€25,380 | +64.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €28,742 | €132,634 | +€103,892 | +361.5% |
| Amounts payable after more than one year | 17 | - | €96,739 | +€96,739 | |
| Financial debts | 170/4 | - | €96,739 | +€96,739 | |
| Amounts payable within one year | 42/48 | €28,439 | €35,583 | +€7,144 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €9,181 | €16,543 | +€7,362 | +80.2% |
| Trade debts | 44 | €1,478 | €243 | -€1,235 | -83.6% |
| Suppliers | 440/4 | €1,478 | €243 | -€1,235 | -83.6% |
| Taxes, remuneration and social security | 45 | €10,100 | €13,565 | +€3,465 | +34.3% |
| Taxes | 450/3 | €10,100 | €13,565 | +€3,465 | +34.3% |
| Other amounts payable | 47/48 | €7,681 | €5,232 | -€2,448 | -31.9% |
| Accrued charges and deferred income | 492/3 | €302 | €312 | +€10 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,700 | €9,079 | -€621 | -6.4% |
| Other operating charges | 640/8 | €2,100 | €2,430 | +€330 | +15.7% |
| Non-recurring operating charges | 66A | - | €343 | +€343 | |
| Gross operating margin | 9900 | €29,153 | €53,683 | +€24,530 | +84.1% |
| Operating profit (loss) | 9901 | €17,353 | €41,831 | +€24,478 | +141.1% |
| Financial income | 75/76B | €33 | €10 | -€23 | -69.9% |
| Recurring financial income | 75 | €33 | €10 | -€23 | -69.9% |
| Financial charges | 65/66B | €904 | €2,379 | +€1,475 | +163.2% |
| Recurring financial charges | 65 | €904 | €2,379 | +€1,475 | +163.2% |
| Profit (loss) for the period before taxes | 9903 | €16,482 | €39,462 | +€22,980 | +139.4% |
| Income taxes | 67/77 | €4,773 | €13,252 | +€8,479 | +177.6% |
| Profit (loss) for the period | 9904 | €11,709 | €26,210 | +€14,501 | +123.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,709 | €26,210 | +€14,501 | +123.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.