YP-Projects: 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.
YP-Projects
Largest movements
- Receivables within one year +€33,425
up €33,425 (+77.8%), from €42,988 to €76,413
of which Trade receivables: +€47,727
- Cash -€16,231
down €16,231 (-42.2%), from €38,439 to €22,208
mainly Receivables within one year (-€33,425) and Debts after one year (-€27,417)
- Tangible fixed assets -€11,469
down €11,469 (-12.4%), from €92,293 to €80,823
of which Furniture and vehicles: -€14,494
- Debts after one year -€27,417
down €27,417 (-46.3%), from €59,162 to €31,745
- Other debts +€15,438
up €15,438 (+106.1%), from €14,550 to €29,987
- Tax, wage and social debts +€9,677
up €9,677 (+167.0%), from €5,796 to €15,473
of which Taxes: +€7,179
- Trade debts +€6,175
up €6,175 (+93.8%), from €6,585 to €12,760
- Gross operating margin -€81,311
down €81,311 (-58.3%), from €139,548 to €58,237
- Depreciation -€74,957
down €74,957 (-72.5%), from €103,332 to €28,376
- Other operating charges -€2,282
down €2,282 (-48.8%), from €4,676 to €2,394
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 | €175,321 | €179,534 | +€4,213 | +2.4% |
| Fixed assets | 21/28 | €92,732 | €80,913 | -€11,819 | -12.7% |
| Tangible fixed assets | 22/27 | €92,293 | €80,823 | -€11,469 | -12.4% |
| Plant, machinery and equipment | 23 | €38,704 | €41,728 | +€3,024 | +7.8% |
| Furniture and vehicles | 24 | €53,589 | €39,095 | -€14,494 | -27.0% |
| Financial fixed assets | 28 | €440 | €90 | -€350 | -79.6% |
| Current assets | 29/58 | €82,589 | €98,621 | +€16,032 | +19.4% |
| Amounts receivable within one year | 40/41 | €42,988 | €76,413 | +€33,425 | +77.8% |
| Trade receivables | 40 | €24,304 | €72,031 | +€47,727 | +196.4% |
| Other amounts receivable | 41 | €18,684 | €4,382 | -€14,302 | -76.5% |
| Cash at bank and in hand | 54/58 | €38,439 | €22,208 | -€16,231 | -42.2% |
| Deferred charges and accrued income | 490/1 | €1,161 | - | -€1,161 | |
| Total equity and liabilities | 10/49 | €175,321 | €179,534 | +€4,213 | +2.4% |
| Equity | 10/15 | €81,852 | €81,852 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,614 | €14,614 | = | 0.0% |
| Distributable reserves | 133 | €14,614 | €14,614 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,238 | €62,238 | = | 0.0% |
| Amounts payable | 17/49 | €93,469 | €97,682 | +€4,213 | +4.5% |
| Amounts payable after more than one year | 17 | €59,162 | €31,745 | -€27,417 | -46.3% |
| Financial debts | 170/4 | €59,162 | €31,745 | -€27,417 | -46.3% |
| Amounts payable within one year | 42/48 | €34,307 | €65,937 | +€31,630 | +92.2% |
| Current portion of amounts payable after more than one year | 42 | €7,377 | €7,717 | +€340 | +4.6% |
| Trade debts | 44 | €6,585 | €12,760 | +€6,175 | +93.8% |
| Suppliers | 440/4 | €6,585 | €12,760 | +€6,175 | +93.8% |
| Taxes, remuneration and social security | 45 | €5,796 | €15,473 | +€9,677 | +167.0% |
| Taxes | 450/3 | €5,796 | €12,975 | +€7,179 | +123.9% |
| Remuneration and social security | 454/9 | - | €2,498 | +€2,498 | |
| Other amounts payable | 47/48 | €14,550 | €29,987 | +€15,438 | +106.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,332 | €28,376 | -€74,957 | -72.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €679 | +€679 | |
| Other operating charges | 640/8 | €4,676 | €2,394 | -€2,282 | -48.8% |
| Gross operating margin | 9900 | €139,548 | €58,237 | -€81,311 | -58.3% |
| Operating profit (loss) | 9901 | €31,540 | €26,788 | -€4,752 | -15.1% |
| Financial income | 75/76B | €42 | €0 | -€42 | -99.9% |
| Recurring financial income | 75 | €42 | €0 | -€42 | -99.9% |
| Financial charges | 65/66B | €4,038 | €4,319 | +€281 | +7.0% |
| Recurring financial charges | 65 | €4,038 | €4,319 | +€281 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €27,544 | €22,469 | -€5,076 | -18.4% |
| Income taxes | 67/77 | €6,303 | €5,061 | -€1,242 | -19.7% |
| Profit (loss) for the period | 9904 | €21,241 | €17,408 | -€3,833 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,241 | €17,408 | -€3,833 | -18.0% |
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 5 October 2026 via checked.be.