YES: 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.
YES
Largest movements
- Deferred charges and accrued income -€21,414
down €21,414 (-87.9%), from €24,356 to €2,942
- Tangible fixed assets +€7,702
up €7,702 (+7.4%), from €104,190 to €111,892
of which Plant, machinery and equipment: +€4,973
- Receivables within one year -€4,065
down €4,065 (-29.4%), from €13,846 to €9,781
of which Other amounts receivable: -€11,271
- Cash -€2,004
down €2,004 (-3.7%), from €53,694 to €51,690
mainly Other debts (-€20,932) and Investment in fixed assets (net) (-€15,784)
- Other debts -€20,932
down €20,932 (-26.5%), from €79,068 to €58,136
- Profit (loss) carried forward +€5,781
up €5,781 (+6.8%), from €84,645 to €90,426
- Tax, wage and social debts -€3,473
down €3,473 (-87.5%), from €3,968 to €495
- Trade debts -€2,185
down €2,185 (-58.5%), from €3,737 to €1,552
- Gross operating margin -€24,882
down €24,882 (-48.3%), from €51,471 to €26,589
- Taxes -€6,574
down €6,574 (-70.2%), from €9,368 to €2,794
- Depreciation +€1,588
up €1,588 (+24.5%), from €6,494 to €8,082
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 | €196,086 | €176,305 | -€19,781 | -10.1% |
| Fixed assets | 21/28 | €104,190 | €111,892 | +€7,702 | +7.4% |
| Tangible fixed assets | 22/27 | €104,190 | €111,892 | +€7,702 | +7.4% |
| Land and buildings | 22 | €102,257 | €104,986 | +€2,729 | +2.7% |
| Plant, machinery and equipment | 23 | €1,933 | €6,906 | +€4,973 | +257.3% |
| Current assets | 29/58 | €91,896 | €64,413 | -€27,483 | -29.9% |
| Amounts receivable within one year | 40/41 | €13,846 | €9,781 | -€4,065 | -29.4% |
| Trade receivables | 40 | - | €7,206 | +€7,206 | |
| Other amounts receivable | 41 | €13,846 | €2,575 | -€11,271 | -81.4% |
| Cash at bank and in hand | 54/58 | €53,694 | €51,690 | -€2,004 | -3.7% |
| Deferred charges and accrued income | 490/1 | €24,356 | €2,942 | -€21,414 | -87.9% |
| Total equity and liabilities | 10/49 | €196,086 | €176,305 | -€19,781 | -10.1% |
| Equity | 10/15 | €106,770 | €112,551 | +€5,781 | +5.4% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €3,375 | €3,375 | = | 0.0% |
| Distributable reserves | 133 | €3,375 | €3,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,645 | €90,426 | +€5,781 | +6.8% |
| Amounts payable | 17/49 | €89,316 | €63,754 | -€25,562 | -28.6% |
| Amounts payable within one year | 42/48 | €86,773 | €60,183 | -€26,590 | -30.6% |
| Trade debts | 44 | €3,737 | €1,552 | -€2,185 | -58.5% |
| Suppliers | 440/4 | €3,737 | €1,552 | -€2,185 | -58.5% |
| Taxes, remuneration and social security | 45 | €3,968 | €495 | -€3,473 | -87.5% |
| Taxes | 450/3 | €3,968 | €495 | -€3,473 | -87.5% |
| Other amounts payable | 47/48 | €79,068 | €58,136 | -€20,932 | -26.5% |
| Accrued charges and deferred income | 492/3 | €2,543 | €3,571 | +€1,028 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,494 | €8,082 | +€1,588 | +24.5% |
| Other operating charges | 640/8 | €6,924 | €7,072 | +€148 | +2.1% |
| Gross operating margin | 9900 | €51,471 | €26,589 | -€24,882 | -48.3% |
| Operating profit (loss) | 9901 | €38,053 | €11,435 | -€26,618 | -69.9% |
| Financial income | 75/76B | €390 | €411 | +€21 | +5.4% |
| Recurring financial income | 75 | €390 | €411 | +€21 | +5.4% |
| Financial charges | 65/66B | €2,046 | €1,709 | -€337 | -16.5% |
| Recurring financial charges | 65 | €2,046 | €1,709 | -€337 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €36,397 | €10,137 | -€26,260 | -72.1% |
| Income taxes | 67/77 | €9,368 | €2,794 | -€6,574 | -70.2% |
| Profit (loss) for the period | 9904 | €27,029 | €7,343 | -€19,686 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,029 | €7,343 | -€19,686 | -72.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.