YMK: 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.
YMK
Largest movements
- Receivables within one year -€49,765
down €49,765 (-64.9%), from €76,719 to €26,954
of which Other amounts receivable: -€49,754
- Cash -€3,541
down €3,541 (-8.5%), from €41,444 to €37,903
mainly Contributions, distributions and other (-€39,892) and Trade debts (-€25,258)
- Reserves -€27,220
down €27,220 (-34.1%), from €79,848 to €52,628
- Trade debts -€25,258
down €25,258 (-58.7%), from €43,051 to €17,793
- Tax, wage and social debts +€15,223
up €15,223 (+163.1%), from €9,333 to €24,556
of which Remuneration and social security: +€9,800
- Current portion of long-term debt -€9,682
down €9,682 (-70.0%), from €13,836 to €4,154
- Debts after one year -€4,154
down €4,154 (-100.0%), from €4,154 to €0
- Gross operating margin -€7,367
down €7,367 (-19.3%), from €38,098 to €30,731
- Financial charges -€2,152
down €2,152 (-70.3%), from €3,062 to €910
- Financial income -€1,812
down €1,812 (-39.5%), from €4,584 to €2,771
- Other operating charges -€1,705
down €1,705 (-41.7%), from €4,091 to €2,385
- Taxes +€1,289
up €1,289 (+21.9%), from €5,883 to €7,173
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 | €190,251 | €138,886 | -€51,365 | -27.0% |
| Fixed assets | 21/28 | €67,902 | €68,764 | +€862 | +1.3% |
| Intangible fixed assets | 21 | - | €1,631 | +€1,631 | |
| Tangible fixed assets | 22/27 | €67,452 | €66,683 | -€769 | -1.1% |
| Land and buildings | 22 | €45,651 | €44,439 | -€1,212 | -2.7% |
| Furniture and vehicles | 24 | €16,487 | €17,703 | +€1,216 | +7.4% |
| Other tangible fixed assets | 26 | €5,314 | €4,541 | -€773 | -14.5% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €122,349 | €70,122 | -€52,227 | -42.7% |
| Stocks and contracts in progress | 3 | €3,181 | €4,273 | +€1,093 | +34.4% |
| Stocks | 30/36 | €3,181 | €4,273 | +€1,093 | +34.4% |
| Amounts receivable within one year | 40/41 | €76,719 | €26,954 | -€49,765 | -64.9% |
| Trade receivables | 40 | €11 | €0 | -€11 | -100.0% |
| Other amounts receivable | 41 | €76,708 | €26,954 | -€49,754 | -64.9% |
| Cash at bank and in hand | 54/58 | €41,444 | €37,903 | -€3,541 | -8.5% |
| Deferred charges and accrued income | 490/1 | €1,005 | €991 | -€14 | -1.4% |
| Total equity and liabilities | 10/49 | €190,251 | €138,886 | -€51,365 | -27.0% |
| Equity | 10/15 | €119,126 | €91,906 | -€27,220 | -22.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,848 | €52,628 | -€27,220 | -34.1% |
| Distributable reserves | 133 | €79,848 | €52,628 | -€27,220 | -34.1% |
| Profit (loss) carried forward | 14 | €33,078 | €33,078 | = | 0.0% |
| Amounts payable | 17/49 | €71,125 | €46,980 | -€24,145 | -33.9% |
| Amounts payable after more than one year | 17 | €4,154 | €0 | -€4,154 | -100.0% |
| Financial debts | 170/4 | €4,154 | €0 | -€4,154 | -100.0% |
| Amounts payable within one year | 42/48 | €66,221 | €46,503 | -€19,717 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €13,836 | €4,154 | -€9,682 | -70.0% |
| Trade debts | 44 | €43,051 | €17,793 | -€25,258 | -58.7% |
| Suppliers | 440/4 | €43,051 | €17,793 | -€25,258 | -58.7% |
| Taxes, remuneration and social security | 45 | €9,333 | €24,556 | +€15,223 | +163.1% |
| Taxes | 450/3 | €8,333 | €13,756 | +€5,423 | +65.1% |
| Remuneration and social security | 454/9 | €1,000 | €10,800 | +€9,800 | +980.0% |
| Accrued charges and deferred income | 492/3 | €750 | €477 | -€273 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,926 | €10,362 | +€436 | +4.4% |
| Other operating charges | 640/8 | €4,091 | €2,385 | -€1,705 | -41.7% |
| Gross operating margin | 9900 | €38,098 | €30,731 | -€7,367 | -19.3% |
| Operating profit (loss) | 9901 | €24,081 | €17,984 | -€6,097 | -25.3% |
| Financial income | 75/76B | €4,584 | €2,771 | -€1,812 | -39.5% |
| Recurring financial income | 75 | €4,584 | €2,771 | -€1,812 | -39.5% |
| Financial charges | 65/66B | €3,062 | €910 | -€2,152 | -70.3% |
| Recurring financial charges | 65 | €3,062 | €910 | -€2,152 | -70.3% |
| Profit (loss) for the period before taxes | 9903 | €25,603 | €19,845 | -€5,758 | -22.5% |
| Income taxes | 67/77 | €5,883 | €7,173 | +€1,289 | +21.9% |
| Profit (loss) for the period | 9904 | €19,720 | €12,672 | -€7,048 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,720 | €12,672 | -€7,048 | -35.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.