Yoni Groenendyk: 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.
Yoni Groenendyk
Largest movements
- Receivables within one year +€7,580
new in 2025: €7,580
- Cash +€6,430
up €6,430 (+54.0%), from €11,906 to €18,336
mainly Net result for the year (+€9,547) and Depreciation (+€4,839)
- Tangible fixed assets +€789
up €789 (+11.0%), from €7,196 to €7,985
- Deferred charges and accrued income +€514
up €514 (+251%), from €204 to €718
- Reserves +€9,547
up €9,547 (+116%), from €8,262 to €17,809
- Other debts +€4,642
up €4,642 (+145%), from €3,208 to €7,850
- Tax, wage and social debts +€1,578
up €1,578 (+31.6%), from €5,000 to €6,577
of which Taxes: +€1,578
- Trade debts -€454
down €454 (-33.9%), from €1,337 to €883
- Gross operating margin +€10,273
up €10,273 (+121%), from €8,498 to €18,771
- Taxes +€2,140
up €2,140 (+183%), from €1,169 to €3,309
- Depreciation +€894
up €894 (+22.7%), from €3,945 to €4,839
- Other operating charges -€380
down €380 (-27.1%), from €1,404 to €1,024
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 | €19,306 | €34,619 | +€15,312 | +79.3% |
| Fixed assets | 21/28 | €7,196 | €7,985 | +€789 | +11.0% |
| Tangible fixed assets | 22/27 | €7,196 | €7,985 | +€789 | +11.0% |
| Furniture and vehicles | 24 | €7,196 | €7,985 | +€789 | +11.0% |
| Current assets | 29/58 | €12,111 | €26,634 | +€14,523 | +120% |
| Amounts receivable within one year | 40/41 | - | €7,580 | +€7,580 | |
| Trade receivables | 40 | - | €7,580 | +€7,580 | |
| Cash at bank and in hand | 54/58 | €11,906 | €18,336 | +€6,430 | +54.0% |
| Deferred charges and accrued income | 490/1 | €204 | €718 | +€514 | +251% |
| Total equity and liabilities | 10/49 | €19,306 | €34,619 | +€15,312 | +79.3% |
| Equity | 10/15 | €9,762 | €19,309 | +€9,547 | +97.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €8,262 | €17,809 | +€9,547 | +116% |
| Distributable reserves | 133 | €8,262 | €17,809 | +€9,547 | +116% |
| Amounts payable | 17/49 | €9,544 | €15,310 | +€5,766 | +60.4% |
| Amounts payable within one year | 42/48 | €9,544 | €15,310 | +€5,766 | +60.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,337 | €883 | -€454 | -33.9% |
| Suppliers | 440/4 | €1,337 | €883 | -€454 | -33.9% |
| Taxes, remuneration and social security | 45 | €5,000 | €6,577 | +€1,578 | +31.6% |
| Taxes | 450/3 | €2,900 | €4,477 | +€1,578 | +54.4% |
| Remuneration and social security | 454/9 | €2,100 | €2,100 | = | 0.0% |
| Other amounts payable | 47/48 | €3,208 | €7,850 | +€4,642 | +145% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,945 | €4,839 | +€894 | +22.7% |
| Other operating charges | 640/8 | €1,404 | €1,024 | -€380 | -27.1% |
| Gross operating margin | 9900 | €8,498 | €18,771 | +€10,273 | +121% |
| Operating profit (loss) | 9901 | €3,149 | €12,908 | +€9,758 | +310% |
| Financial charges | 65/66B | €140 | €53 | -€88 | -62.5% |
| Recurring financial charges | 65 | €140 | €53 | -€88 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | €3,009 | €12,855 | +€9,846 | +327% |
| Income taxes | 67/77 | €1,169 | €3,309 | +€2,140 | +183% |
| Profit (loss) for the period | 9904 | €1,840 | €9,547 | +€7,706 | +419% |
| Profit (loss) for the period to be appropriated | 9905 | €1,840 | €9,547 | +€7,706 | +419% |
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 14 October 2026 via checked.be.