YOU4: 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.
YOU4
Largest movements
- Tangible fixed assets -€1.4m
down €1.4m (-49.3%), from €2.9m to €1.5m
of which Land and buildings: -€1.4m
- Receivables within one year +€302,983
up €302,983 (+66.0%), from €459,396 to €762,379
of which Other amounts receivable: +€358,806
- Receivables after one year +€210,090
up €210,090 (+20.3%), from €1.0m to €1.2m
- Cash +€92,006
up €92,006 (+587.5%), from €15,661 to €107,667
mainly Investment in fixed assets (net) (+€1.4m) and Net result for the year (+€829,056)
- Debts after one year -€689,557
down €689,557 (-47.1%), from €1.5m to €775,230
of which Financial debts: -€654,685
- Reserves -€119,666
down €119,666 (-4.2%), from €2.8m to €2.7m
of which Distributable reserves: -€119,666
- Current portion of long-term debt -€57,344
down €57,344 (-50.8%), from €112,893 to €55,549
- Gross operating margin +€296,018
up €296,018 (+207.5%), from €142,680 to €438,698
- Financial income +€141,290
up €141,290 (+32.2%), from €439,321 to €580,611
- Depreciation -€73,019
down €73,019 (-52.8%), from €138,176 to €65,157
- Taxes +€47,703
up €47,703 (+134.7%), from €35,409 to €83,112
- Financial charges -€10,172
down €10,172 (-29.6%), from €34,354 to €24,182
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 | €4,518,474 | €3,669,335 | -€849,140 | -18.8% |
| Fixed assets | 21/28 | €3,001,817 | €1,548,849 | -€1.5m | -48.4% |
| Tangible fixed assets | 22/27 | €2,906,665 | €1,474,027 | -€1.4m | -49.3% |
| Land and buildings | 22 | €2,788,244 | €1,361,152 | -€1.4m | -51.2% |
| Plant, machinery and equipment | 23 | €8 | - | -€8 | |
| Furniture and vehicles | 24 | €14,298 | €8,869 | -€5,429 | -38.0% |
| Other tangible fixed assets | 26 | €104,114 | €104,006 | -€109 | -0.1% |
| Financial fixed assets | 28 | €95,152 | €74,822 | -€20,330 | -21.4% |
| Current assets | 29/58 | €1,516,658 | €2,120,486 | +€603,828 | +39.8% |
| Amounts receivable after more than one year | 29 | €1,036,813 | €1,246,903 | +€210,090 | +20.3% |
| Other amounts receivable | 291 | €1,036,813 | €1,246,903 | +€210,090 | +20.3% |
| Amounts receivable within one year | 40/41 | €459,396 | €762,379 | +€302,983 | +66.0% |
| Trade receivables | 40 | €109,011 | €53,188 | -€55,823 | -51.2% |
| Other amounts receivable | 41 | €350,385 | €709,191 | +€358,806 | +102.4% |
| Cash at bank and in hand | 54/58 | €15,661 | €107,667 | +€92,006 | +587.5% |
| Deferred charges and accrued income | 490/1 | €4,787 | €3,537 | -€1,250 | -26.1% |
| Total equity and liabilities | 10/49 | €4,518,474 | €3,669,335 | -€849,140 | -18.8% |
| Equity | 10/15 | €2,842,794 | €2,723,128 | -€119,666 | -4.2% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €2,826,594 | €2,706,928 | -€119,666 | -4.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,824,734 | €2,705,068 | -€119,666 | -4.2% |
| Amounts payable | 17/49 | €1,675,680 | €946,207 | -€729,474 | -43.5% |
| Amounts payable after more than one year | 17 | €1,464,787 | €775,230 | -€689,557 | -47.1% |
| Financial debts | 170/4 | €1,227,200 | €572,514 | -€654,685 | -53.3% |
| Other amounts payable | 178/9 | €237,587 | €202,716 | -€34,871 | -14.7% |
| Amounts payable within one year | 42/48 | €203,067 | €170,834 | -€32,233 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €112,893 | €55,549 | -€57,344 | -50.8% |
| Financial debts | 43 | €605 | - | -€605 | |
| Credit institutions | 430/8 | €605 | - | -€605 | |
| Trade debts | 44 | €6,287 | €32,173 | +€25,886 | +411.7% |
| Suppliers | 440/4 | €6,287 | €32,173 | +€25,886 | +411.7% |
| Taxes, remuneration and social security | 45 | €83,281 | €83,112 | -€170 | -0.2% |
| Taxes | 450/3 | €83,281 | €83,112 | -€170 | -0.2% |
| Accrued charges and deferred income | 492/3 | €7,827 | €142 | -€7,684 | -98.2% |
| Non-recurring operating income | 76A | €1,597 | €327,114 | +€325,517 | +20382.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,176 | €65,157 | -€73,019 | -52.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,430 | -€4,430 | -€8,860 | |
| Other operating charges | 640/8 | €11,290 | €10,499 | -€791 | -7.0% |
| Non-recurring operating charges | 66A | €7,502 | €11,733 | +€4,231 | +56.4% |
| Gross operating margin | 9900 | €142,680 | €438,698 | +€296,018 | +207.5% |
| Operating profit (loss) | 9901 | -€18,718 | €355,739 | +€374,456 | |
| Financial income | 75/76B | €439,321 | €580,611 | +€141,290 | +32.2% |
| Recurring financial income | 75 | €439,321 | €580,611 | +€141,290 | +32.2% |
| Financial charges | 65/66B | €34,354 | €24,182 | -€10,172 | -29.6% |
| Recurring financial charges | 65 | €34,354 | €24,182 | -€10,172 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €386,249 | €912,167 | +€525,918 | +136.2% |
| Income taxes | 67/77 | €35,409 | €83,112 | +€47,703 | +134.7% |
| Profit (loss) for the period | 9904 | €350,840 | €829,056 | +€478,215 | +136.3% |
| Profit (loss) for the period to be appropriated | 9905 | €350,840 | €829,056 | +€478,215 | +136.3% |
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.