YES: 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.
YES
Largest movements
- Receivables within one year +€20,820
up €20,820 (+21.2%), from €98,205 to €119,024
of which Other amounts receivable: +€27,133
- Stocks and contracts +€18,483
up €18,483 (+6.9%), from €269,657 to €288,141
- Tangible fixed assets -€18,107
down €18,107 (-29.7%), from €61,005 to €42,898
of which Furniture and vehicles: -€15,191
- Reserves +€58,514
up €58,514 (+25.1%), from €233,160 to €291,675
of which Distributable reserves: +€58,514
- Trade debts -€26,660
down €26,660 (-41.4%), from €64,382 to €37,723
- Debts after one year -€17,948
down €17,948 (-70.0%), from €25,647 to €7,699
- Accrued charges and deferred income +€10,193
up €10,193 (+192%), from €5,310 to €15,503
- Financial charges -€6,741
down €6,741 (-39.9%), from €16,875 to €10,135
- Gross operating margin +€4,396
up €4,396 (+4.2%), from €105,084 to €109,480
- Taxes +€4,026
up €4,026 (+16.2%), from €24,925 to €28,951
- Financial income +€2,062
up €2,062 (+28.1%), from €7,331 to €9,393
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.
Derived cash bridge
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 | €510,403 | €533,737 | +€23,334 | +4.6% |
| Fixed assets | 21/28 | €61,005 | €42,898 | -€18,107 | -29.7% |
| Tangible fixed assets | 22/27 | €61,005 | €42,898 | -€18,107 | -29.7% |
| Plant, machinery and equipment | 23 | €2,974 | €2,247 | -€727 | -24.4% |
| Furniture and vehicles | 24 | €50,568 | €35,377 | -€15,191 | -30.0% |
| Other tangible fixed assets | 26 | €7,463 | €5,274 | -€2,189 | -29.3% |
| Current assets | 29/58 | €449,398 | €490,839 | +€41,441 | +9.2% |
| Amounts receivable after more than one year | 29 | €78,946 | €78,946 | = | 0.0% |
| Other amounts receivable | 291 | €78,946 | €78,946 | = | 0.0% |
| Stocks and contracts in progress | 3 | €269,657 | €288,141 | +€18,483 | +6.9% |
| Stocks | 30/36 | €269,657 | €288,141 | +€18,483 | +6.9% |
| Amounts receivable within one year | 40/41 | €98,205 | €119,024 | +€20,820 | +21.2% |
| Trade receivables | 40 | €13,602 | €7,289 | -€6,313 | -46.4% |
| Other amounts receivable | 41 | €84,602 | €111,735 | +€27,133 | +32.1% |
| Cash at bank and in hand | 54/58 | €938 | €2,731 | +€1,793 | +191% |
| Deferred charges and accrued income | 490/1 | €1,652 | €1,997 | +€345 | +20.9% |
| Total equity and liabilities | 10/49 | €510,403 | €533,737 | +€23,334 | +4.6% |
| Equity | 10/15 | €251,710 | €310,225 | +€58,514 | +23.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €233,160 | €291,675 | +€58,514 | +25.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €231,305 | €289,820 | +€58,514 | +25.3% |
| Amounts payable | 17/49 | €258,692 | €223,512 | -€35,181 | -13.6% |
| Amounts payable after more than one year | 17 | €25,647 | €7,699 | -€17,948 | -70.0% |
| Financial debts | 170/4 | €25,647 | €7,699 | -€17,948 | -70.0% |
| Amounts payable within one year | 42/48 | €227,735 | €200,310 | -€27,425 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €17,226 | €17,948 | +€723 | +4.2% |
| Financial debts | 43 | €121,056 | €121,447 | +€391 | +0.3% |
| Credit institutions | 430/8 | €121,056 | €121,447 | +€391 | +0.3% |
| Trade debts | 44 | €64,382 | €37,723 | -€26,660 | -41.4% |
| Suppliers | 440/4 | €64,382 | €37,723 | -€26,660 | -41.4% |
| Taxes, remuneration and social security | 45 | €25,072 | €23,192 | -€1,880 | -7.5% |
| Taxes | 450/3 | €25,072 | €23,192 | -€1,880 | -7.5% |
| Accrued charges and deferred income | 492/3 | €5,310 | €15,503 | +€10,193 | +192% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,163 | €18,107 | -€56 | -0.3% |
| Other operating charges | 640/8 | €3,059 | €3,167 | +€108 | +3.5% |
| Gross operating margin | 9900 | €105,084 | €109,480 | +€4,396 | +4.2% |
| Operating profit (loss) | 9901 | €83,862 | €88,206 | +€4,344 | +5.2% |
| Financial income | 75/76B | €7,331 | €9,393 | +€2,062 | +28.1% |
| Recurring financial income | 75 | €7,331 | €9,393 | +€2,062 | +28.1% |
| Financial charges | 65/66B | €16,875 | €10,135 | -€6,741 | -39.9% |
| Recurring financial charges | 65 | €16,875 | €10,135 | -€6,741 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €74,318 | €87,465 | +€13,147 | +17.7% |
| Income taxes | 67/77 | €24,925 | €28,951 | +€4,026 | +16.2% |
| Profit (loss) for the period | 9904 | €49,393 | €58,514 | +€9,122 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,393 | €58,514 | +€9,122 | +18.5% |
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 17 October 2026 via checked.be.