YIN & YANG: 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.
YIN & YANG
Largest movements
- Financial fixed assets -€82,500
down €82,500 (-13.6%), from €607,025 to €524,525
- Tangible fixed assets -€27,528
down €27,528 (-10.7%), from €257,669 to €230,141
of which Land and buildings: -€14,438
- Debts after one year -€105,434
down €105,434 (-20.7%), from €509,451 to €404,017
- Trade debts +€13,286
up €13,286 (+263%), from €5,059 to €18,345
- Financial charges +€16,319
up €16,319 (+4,723%), from €346 to €16,664
- Financial income -€12,750
no longer reported in 2025 (was €12,750)
- Other operating charges -€1,666
down €1,666 (-33.8%), from €4,923 to €3,257
- Taxes -€1,051
down €1,051 (-15.1%), from €6,974 to €5,923
- Gross operating margin +€1,006
up €1,006 (+2.4%), from €42,767 to €43,773
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 | €1,092,860 | €990,840 | -€102,019 | -9.3% |
| Fixed assets | 21/28 | €864,694 | €754,666 | -€110,028 | -12.7% |
| Tangible fixed assets | 22/27 | €257,669 | €230,141 | -€27,528 | -10.7% |
| Land and buildings | 22 | €229,067 | €214,629 | -€14,438 | -6.3% |
| Plant, machinery and equipment | 23 | €2,404 | - | -€2,404 | |
| Furniture and vehicles | 24 | €26,198 | €15,512 | -€10,686 | -40.8% |
| Financial fixed assets | 28 | €607,025 | €524,525 | -€82,500 | -13.6% |
| Current assets | 29/58 | €228,166 | €236,174 | +€8,008 | +3.5% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,815 | €51,956 | +€3,141 | +6.4% |
| Trade receivables | 40 | €21,787 | €22,271 | +€484 | +2.2% |
| Other amounts receivable | 41 | €27,028 | €29,685 | +€2,657 | +9.8% |
| Cash at bank and in hand | 54/58 | €4,278 | €8,638 | +€4,360 | +102% |
| Deferred charges and accrued income | 490/1 | €75,074 | €75,580 | +€506 | +0.7% |
| Total equity and liabilities | 10/49 | €1,092,860 | €990,840 | -€102,019 | -9.3% |
| Equity | 10/15 | €467,758 | €457,572 | -€10,186 | -2.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,850 | €1,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,850 | €1,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,850 | €1,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €447,358 | €437,172 | -€10,186 | -2.3% |
| Amounts payable | 17/49 | €625,101 | €533,268 | -€91,833 | -14.7% |
| Amounts payable after more than one year | 17 | €509,451 | €404,017 | -€105,434 | -20.7% |
| Financial debts | 170/4 | €509,451 | €404,017 | -€105,434 | -20.7% |
| Amounts payable within one year | 42/48 | €96,230 | €109,831 | +€13,601 | +14.1% |
| Trade debts | 44 | €5,059 | €18,345 | +€13,286 | +263% |
| Suppliers | 440/4 | €5,059 | €18,345 | +€13,286 | +263% |
| Taxes, remuneration and social security | 45 | €24,633 | €17,045 | -€7,588 | -30.8% |
| Taxes | 450/3 | €24,633 | €17,045 | -€7,588 | -30.8% |
| Other amounts payable | 47/48 | €66,538 | €74,441 | +€7,903 | +11.9% |
| Accrued charges and deferred income | 492/3 | €19,420 | €19,420 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,162 | €28,116 | -€46 | -0.2% |
| Other operating charges | 640/8 | €4,923 | €3,257 | -€1,666 | -33.8% |
| Gross operating margin | 9900 | €42,767 | €43,773 | +€1,006 | +2.4% |
| Operating profit (loss) | 9901 | €9,682 | €12,401 | +€2,718 | +28.1% |
| Financial income | 75/76B | €12,750 | - | -€12,750 | |
| Recurring financial income | 75 | €12,750 | - | -€12,750 | |
| Financial charges | 65/66B | €346 | €16,664 | +€16,319 | +4,723% |
| Recurring financial charges | 65 | €346 | €16,664 | +€16,319 | +4,723% |
| Profit (loss) for the period before taxes | 9903 | €22,087 | -€4,263 | -€26,350 | |
| Income taxes | 67/77 | €6,974 | €5,923 | -€1,051 | -15.1% |
| Profit (loss) for the period | 9904 | €15,113 | -€10,186 | -€25,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,113 | -€10,186 | -€25,299 |
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 23 October 2026 via checked.be.