YITCH: 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.
YITCH
Largest movements
- Receivables within one year +€177,610
up €177,610 (+10.5%), from €1.7m to €1.9m
of which Trade receivables: +€176,860
- Intangible fixed assets -€88,293
down €88,293 (-22.0%), from €401,787 to €313,494
- Deferred charges and accrued income -€61,975
down €61,975 (-17.5%), from €353,961 to €291,986
- Cash -€57,602
down €57,602 (-44.4%), from €129,666 to €72,064
mainly Trade debts (-€227,869) and Receivables within one year (-€177,610)
- Trade debts -€227,869
down €227,869 (-26.0%), from €877,518 to €649,649
- Tax, wage and social debts +€119,005
up €119,005 (+26.6%), from €446,764 to €565,769
of which Taxes: +€75,782
- Advances received +€97,130
up €97,130 (+52.1%), from €186,370 to €283,500
- Debts after one year -€84,117
down €84,117 (-29.5%), from €285,450 to €201,333
- Profit (loss) carried forward +€73,511
up €73,511 (+44.8%), from -€164,268 to -€90,757
- Gross operating margin +€425,695
up €425,695 (+9.8%), from €4.3m to €4.8m
- Staff costs +€340,849
up €340,849 (+8.3%), from €4.1m to €4.4m
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 | €2,620,810 | €2,600,063 | -€20,747 | -0.8% |
| Fixed assets | 21/28 | €437,653 | €358,873 | -€78,780 | -18.0% |
| Intangible fixed assets | 21 | €401,787 | €313,494 | -€88,293 | -22.0% |
| Tangible fixed assets | 22/27 | €26,158 | €36,421 | +€10,263 | +39.2% |
| Plant, machinery and equipment | 23 | €10,022 | €4,980 | -€5,042 | -50.3% |
| Furniture and vehicles | 24 | €16,136 | €21,143 | +€5,007 | +31.0% |
| Assets under construction and advance payments | 27 | - | €10,298 | +€10,298 | |
| Financial fixed assets | 28 | €9,708 | €8,958 | -€750 | -7.7% |
| Current assets | 29/58 | €2,183,157 | €2,241,190 | +€58,033 | +2.7% |
| Amounts receivable within one year | 40/41 | €1,699,530 | €1,877,140 | +€177,610 | +10.5% |
| Trade receivables | 40 | €1,689,729 | €1,866,589 | +€176,860 | +10.5% |
| Other amounts receivable | 41 | €9,801 | €10,551 | +€750 | +7.7% |
| Cash at bank and in hand | 54/58 | €129,666 | €72,064 | -€57,602 | -44.4% |
| Deferred charges and accrued income | 490/1 | €353,961 | €291,986 | -€61,975 | -17.5% |
| Total equity and liabilities | 10/49 | €2,620,810 | €2,600,063 | -€20,747 | -0.8% |
| Equity | 10/15 | €420,732 | €494,243 | +€73,511 | +17.5% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €235,000 | €235,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €35,000 | +€35,000 | |
| Other | 1319 | €35,000 | - | -€35,000 | |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,268 | -€90,757 | +€73,511 | +44.8% |
| Amounts payable | 17/49 | €2,200,078 | €2,105,820 | -€94,258 | -4.3% |
| Amounts payable after more than one year | 17 | €285,450 | €201,333 | -€84,117 | -29.5% |
| Financial debts | 170/4 | €285,450 | €201,333 | -€84,117 | -29.5% |
| Amounts payable within one year | 42/48 | €1,914,628 | €1,904,487 | -€10,141 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €400,269 | €401,862 | +€1,593 | +0.4% |
| Trade debts | 44 | €877,518 | €649,649 | -€227,869 | -26.0% |
| Suppliers | 440/4 | €877,518 | €649,649 | -€227,869 | -26.0% |
| Advances received on contracts in progress | 46 | €186,370 | €283,500 | +€97,130 | +52.1% |
| Taxes, remuneration and social security | 45 | €446,764 | €565,769 | +€119,005 | +26.6% |
| Taxes | 450/3 | €44,993 | €120,775 | +€75,782 | +168% |
| Remuneration and social security | 454/9 | €401,771 | €444,994 | +€43,223 | +10.8% |
| Other amounts payable | 47/48 | €3,707 | €3,707 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €4,104,234 | €4,445,083 | +€340,849 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,368 | €124,966 | -€13,402 | -9.7% |
| Other operating charges | 640/8 | €28,353 | €14,749 | -€13,604 | -48.0% |
| Gross operating margin | 9900 | €4,327,533 | €4,753,228 | +€425,695 | +9.8% |
| Operating profit (loss) | 9901 | €56,578 | €168,430 | +€111,852 | +198% |
| Financial income | 75/76B | €43 | €5,295 | +€5,252 | +12,214% |
| Recurring financial income | 75 | €43 | €5,295 | +€5,252 | +12,214% |
| Financial charges | 65/66B | €46,704 | €37,419 | -€9,285 | -19.9% |
| Recurring financial charges | 65 | €46,704 | €37,419 | -€9,285 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €9,917 | €136,306 | +€126,389 | +1,274% |
| Income taxes | 67/77 | €41,745 | €62,795 | +€21,050 | +50.4% |
| Profit (loss) for the period | 9904 | -€31,828 | €73,511 | +€105,339 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,828 | €73,511 | +€105,339 |
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 13 October 2026 via checked.be.