YIELDS: 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.
YIELDS
Largest movements
- Current investments +€2.3m
new in 2024: €2.3m
- Cash -€1.7m
down €1.7m (-70.7%), from €2.4m to €694,841
mainly Current investments (-€2.3m) and Investment in fixed assets (net) (-€2.0m)
- Intangible fixed assets +€1.6m
up €1.6m (+107.7%), from €1.5m to €3.2m
- Receivables within one year +€103,820
up €103,820 (+12.0%), from €868,061 to €971,881
of which Trade receivables: +€248,887
- Contributions +€3.1m
up €3.1m (+36.7%), from €8.4m to €11.4m
of which Outside capital: +€3.0m
- Profit (loss) carried forward -€511,356
down €511,356 (-9.9%), from -€5.2m to -€5.7m
- Trade debts -€250,381
down €250,381 (-36.8%), from €680,340 to €429,959
- Gross operating margin +€320,365
up €320,365 (+153.0%), from €209,353 to €529,718
- Staff costs -€315,682
down €315,682 (-28.1%), from €1.1m to €806,070
- Depreciation +€296,411
up €296,411 (+747.3%), from €39,662 to €336,073
- Taxes -€159,523
down €159,523, from €5,355 to -€154,169
- Financial charges -€37,744
down €37,744 (-76.1%), from €49,619 to €11,875
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,819,993 | €7,168,543 | +€2.3m | +48.7% |
| Fixed assets | 21/28 | €1,578,114 | €3,217,179 | +€1.6m | +103.9% |
| Intangible fixed assets | 21 | €1,523,669 | €3,165,194 | +€1.6m | +107.7% |
| Tangible fixed assets | 22/27 | €7,965 | €3,200 | -€4,765 | -59.8% |
| Furniture and vehicles | 24 | €7,965 | €3,200 | -€4,765 | -59.8% |
| Financial fixed assets | 28 | €46,480 | €48,784 | +€2,305 | +5.0% |
| Current assets | 29/58 | €3,241,879 | €3,951,364 | +€709,485 | +21.9% |
| Amounts receivable within one year | 40/41 | €868,061 | €971,881 | +€103,820 | +12.0% |
| Trade receivables | 40 | €475,482 | €724,370 | +€248,887 | +52.3% |
| Other amounts receivable | 41 | €392,578 | €247,511 | -€145,067 | -37.0% |
| Current investments | 50/53 | - | €2,250,000 | +€2.3m | |
| Cash at bank and in hand | 54/58 | €2,373,819 | €694,841 | -€1.7m | -70.7% |
| Deferred charges and accrued income | 490/1 | - | €34,642 | +€34,642 | |
| Total equity and liabilities | 10/49 | €4,819,993 | €7,168,543 | +€2.3m | +48.7% |
| Equity | 10/15 | €3,206,502 | €5,765,122 | +€2.6m | +79.8% |
| Contributions | 10/11 | €8,370,645 | €11,440,621 | +€3.1m | +36.7% |
| Capital | 10 | €229,533 | €255,293 | +€25,761 | +11.2% |
| Issued capital | 100 | €229,533 | €255,293 | +€25,761 | +11.2% |
| Outside capital | 11 | €8,141,112 | €11,185,327 | +€3.0m | +37.4% |
| Share premium | 1100/10 | €8,141,112 | €11,185,327 | +€3.0m | +37.4% |
| Profit (loss) carried forward | 14 | -€5,164,143 | -€5,675,499 | -€511,356 | -9.9% |
| Amounts payable | 17/49 | €1,613,491 | €1,403,421 | -€210,070 | -13.0% |
| Amounts payable within one year | 42/48 | €782,941 | €509,729 | -€273,212 | -34.9% |
| Trade debts | 44 | €680,340 | €429,959 | -€250,381 | -36.8% |
| Suppliers | 440/4 | €680,340 | €429,959 | -€250,381 | -36.8% |
| Taxes, remuneration and social security | 45 | €102,601 | €79,770 | -€22,831 | -22.3% |
| Taxes | 450/3 | €2,768 | €211 | -€2,557 | -92.4% |
| Remuneration and social security | 454/9 | €99,833 | €79,559 | -€20,274 | -20.3% |
| Accrued charges and deferred income | 492/3 | €830,550 | €893,692 | +€63,142 | +7.6% |
| Remuneration, social security and pensions | 62 | €1,121,752 | €806,070 | -€315,682 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,662 | €336,073 | +€296,411 | +747.3% |
| Other operating charges | 640/8 | €2,545 | €2,283 | -€262 | -10.3% |
| Non-recurring operating charges | 66A | €98,456 | €53,338 | -€45,118 | -45.8% |
| Gross operating margin | 9900 | €209,353 | €529,718 | +€320,365 | +153.0% |
| Operating profit (loss) | 9901 | -€1,053,062 | -€668,046 | +€385,015 | +36.6% |
| Financial income | 75/76B | €19,530 | €14,397 | -€5,133 | -26.3% |
| Recurring financial income | 75 | €19,530 | €14,397 | -€5,133 | -26.3% |
| Financial charges | 65/66B | €49,619 | €11,875 | -€37,744 | -76.1% |
| Recurring financial charges | 65 | €49,619 | €11,875 | -€37,744 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,083,151 | -€665,525 | +€417,626 | +38.6% |
| Income taxes | 67/77 | €5,355 | -€154,169 | -€159,523 | |
| Profit (loss) for the period | 9904 | -€1,088,506 | -€511,356 | +€577,150 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,088,506 | -€511,356 | +€577,150 | +53.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.