YNC: 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.
YNC
Largest movements
- Financial fixed assets +€1.7m
up €1.7m (+52.0%), from €3.3m to €5.0m
- Cash +€186,519
up €186,519 (+9.0%), from €2.1m to €2.3m
mainly Net result for the year (+€1.8m) and Tax, wage and social debts (+€124,916)
- Receivables within one year +€122,773
up €122,773 (+65.4%), from €187,705 to €310,478
of which Trade receivables: +€122,773
- Reserves +€1.8m
up €1.8m (+63.9%), from €2.8m to €4.6m
of which Distributable reserves: +€1.8m
- Tax, wage and social debts +€124,916
up €124,916 (+17.7%), from €704,695 to €829,612
- Financial income -€492,029
down €492,029 (-97.9%), from €502,642 to €10,613
- Gross operating margin -€137,753
down €137,753 (-4.6%), from €3.0m to €2.8m
- Taxes -€84,928
down €84,928 (-8.6%), from €993,014 to €908,087
- Financial charges +€47,199
up €47,199 (+58.3%), from €80,993 to €128,192
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 | €5,630,034 | €7,658,314 | +€2.0m | +36.0% |
| Fixed assets | 21/28 | €3,310,466 | €5,018,467 | +€1.7m | +51.6% |
| Tangible fixed assets | 22/27 | €27,750 | €27,750 | = | 0.0% |
| Other tangible fixed assets | 26 | €27,750 | €27,750 | = | 0.0% |
| Financial fixed assets | 28 | €3,282,716 | €4,990,717 | +€1.7m | +52.0% |
| Current assets | 29/58 | €2,319,568 | €2,639,847 | +€320,279 | +13.8% |
| Amounts receivable within one year | 40/41 | €187,705 | €310,478 | +€122,773 | +65.4% |
| Trade receivables | 40 | €12,705 | €135,478 | +€122,773 | +966.3% |
| Other amounts receivable | 41 | €175,000 | €175,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,079,973 | €2,266,491 | +€186,519 | +9.0% |
| Deferred charges and accrued income | 490/1 | €51,891 | €62,878 | +€10,987 | +21.2% |
| Total equity and liabilities | 10/49 | €5,630,034 | €7,658,314 | +€2.0m | +36.0% |
| Equity | 10/15 | €2,827,469 | €4,631,048 | +€1.8m | +63.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,821,269 | €4,624,848 | +€1.8m | +63.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,821,269 | €4,624,848 | +€1.8m | +63.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,802,565 | €3,027,266 | +€224,701 | +8.0% |
| Amounts payable after more than one year | 17 | €1,100,000 | €1,100,000 | = | 0.0% |
| Financial debts | 170/4 | €1,100,000 | €1,100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,670,831 | €1,826,930 | +€156,099 | +9.3% |
| Trade debts | 44 | €21,898 | €6,365 | -€15,533 | -70.9% |
| Suppliers | 440/4 | €21,898 | €6,365 | -€15,533 | -70.9% |
| Taxes, remuneration and social security | 45 | €704,695 | €829,612 | +€124,916 | +17.7% |
| Taxes | 450/3 | €704,695 | €829,612 | +€124,916 | +17.7% |
| Other amounts payable | 47/48 | €944,237 | €990,953 | +€46,716 | +4.9% |
| Accrued charges and deferred income | 492/3 | €31,735 | €100,337 | +€68,602 | +216.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,219 | €1,172 | -€1,046 | -47.2% |
| Gross operating margin | 9900 | €2,968,170 | €2,830,417 | -€137,753 | -4.6% |
| Operating profit (loss) | 9901 | €2,965,951 | €2,829,245 | -€136,706 | -4.6% |
| Financial income | 75/76B | €502,642 | €10,613 | -€492,029 | -97.9% |
| Recurring financial income | 75 | €502,642 | €10,613 | -€492,029 | -97.9% |
| Financial charges | 65/66B | €80,993 | €128,192 | +€47,199 | +58.3% |
| Recurring financial charges | 65 | €80,993 | €128,192 | +€47,199 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | €3,387,600 | €2,711,665 | -€675,934 | -20.0% |
| Income taxes | 67/77 | €993,014 | €908,087 | -€84,928 | -8.6% |
| Profit (loss) for the period | 9904 | €2,394,586 | €1,803,579 | -€591,007 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,394,586 | €1,803,579 | -€591,007 | -24.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.