YEND: 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.
YEND
Largest movements
- Receivables within one year +€65,130
up €65,130 (+65.9%), from €98,906 to €164,036
of which Trade receivables: +€42,236
- Cash +€33,475
up €33,475 (+117.4%), from €28,502 to €61,977
mainly Trade debts (+€52,172) and Tax, wage and social debts (+€27,130)
- Tangible fixed assets -€8,884
down €8,884 (-19.9%), from €44,708 to €35,823
of which Other tangible fixed assets: -€4,735
- Trade debts +€52,172
up €52,172 (+105.0%), from €49,677 to €101,849
- Tax, wage and social debts +€27,130
up €27,130 (+49.8%), from €54,427 to €81,557
of which Taxes: +€19,534
- Profit (loss) carried forward +€17,600
up €17,600 (+20.9%), from €84,175 to €101,774
- Debts after one year -€7,452
down €7,452 (-8.3%), from €89,738 to €82,287
- Staff costs +€29,039
up €29,039 (+437.9%), from €6,632 to €35,670
- Taxes -€8,944
down €8,944 (-58.2%), from €15,379 to €6,435
- Gross operating margin +€7,775
up €7,775 (+13.0%), from €59,959 to €67,733
- Depreciation +€1,933
up €1,933 (+25.7%), from €7,526 to €9,459
- Financial income +€1,481
up €1,481 (+22.3%), from €6,630 to €8,110
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 | €303,839 | €393,469 | +€89,630 | +29.5% |
| Fixed assets | 21/28 | €44,708 | €35,823 | -€8,884 | -19.9% |
| Tangible fixed assets | 22/27 | €44,708 | €35,823 | -€8,884 | -19.9% |
| Land and buildings | 22 | €1,100 | €880 | -€220 | -20.0% |
| Plant, machinery and equipment | 23 | €15,062 | €11,215 | -€3,847 | -25.5% |
| Furniture and vehicles | 24 | €549 | €467 | -€82 | -15.0% |
| Other tangible fixed assets | 26 | €27,997 | €23,262 | -€4,735 | -16.9% |
| Current assets | 29/58 | €259,131 | €357,645 | +€98,514 | +38.0% |
| Amounts receivable after more than one year | 29 | €130,000 | €130,000 | = | 0.0% |
| Other amounts receivable | 291 | €130,000 | €130,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,723 | €1,632 | -€91 | -5.3% |
| Stocks | 30/36 | €1,723 | €1,632 | -€91 | -5.3% |
| Amounts receivable within one year | 40/41 | €98,906 | €164,036 | +€65,130 | +65.9% |
| Trade receivables | 40 | €25,475 | €67,711 | +€42,236 | +165.8% |
| Other amounts receivable | 41 | €73,431 | €96,325 | +€22,894 | +31.2% |
| Cash at bank and in hand | 54/58 | €28,502 | €61,977 | +€33,475 | +117.4% |
| Total equity and liabilities | 10/49 | €303,839 | €393,469 | +€89,630 | +29.5% |
| Equity | 10/15 | €102,725 | €120,324 | +€17,600 | +17.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €18,549 | €18,549 | = | 0.0% |
| Distributable reserves | 133 | €18,549 | €18,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,175 | €101,774 | +€17,600 | +20.9% |
| Amounts payable | 17/49 | €201,114 | €273,145 | +€72,030 | +35.8% |
| Amounts payable after more than one year | 17 | €89,738 | €82,287 | -€7,452 | -8.3% |
| Financial debts | 170/4 | €89,738 | €82,287 | -€7,452 | -8.3% |
| Amounts payable within one year | 42/48 | €111,376 | €190,858 | +€79,482 | +71.4% |
| Current portion of amounts payable after more than one year | 42 | €7,271 | €7,452 | +€180 | +2.5% |
| Trade debts | 44 | €49,677 | €101,849 | +€52,172 | +105.0% |
| Suppliers | 440/4 | €49,677 | €101,849 | +€52,172 | +105.0% |
| Taxes, remuneration and social security | 45 | €54,427 | €81,557 | +€27,130 | +49.8% |
| Taxes | 450/3 | €53,622 | €73,156 | +€19,534 | +36.4% |
| Remuneration and social security | 454/9 | €805 | €8,401 | +€7,596 | +943.4% |
| Remuneration, social security and pensions | 62 | €6,632 | €35,670 | +€29,039 | +437.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,526 | €9,459 | +€1,933 | +25.7% |
| Other operating charges | 640/8 | €930 | €893 | -€38 | -4.0% |
| Gross operating margin | 9900 | €59,959 | €67,733 | +€7,775 | +13.0% |
| Operating profit (loss) | 9901 | €44,871 | €21,711 | -€23,160 | -51.6% |
| Financial income | 75/76B | €6,630 | €8,110 | +€1,481 | +22.3% |
| Recurring financial income | 75 | €6,630 | €8,110 | +€1,481 | +22.3% |
| Financial charges | 65/66B | €6,137 | €5,787 | -€350 | -5.7% |
| Recurring financial charges | 65 | €6,137 | €5,787 | -€350 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €45,364 | €24,035 | -€21,329 | -47.0% |
| Income taxes | 67/77 | €15,379 | €6,435 | -€8,944 | -58.2% |
| Profit (loss) for the period | 9904 | €29,985 | €17,600 | -€12,386 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,985 | €17,600 | -€12,386 | -41.3% |
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 9 October 2026 via checked.be.