YP-TA: 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.
YP-TA
Largest movements
- Receivables within one year +€38,002
up €38,002 (+78.4%), from €48,482 to €86,485
of which Trade receivables: +€25,289
- Cash +€35,440
up €35,440 (+67.4%), from €52,573 to €88,013
mainly Net result for the year (+€40,049) and Provisions (+€37,501)
- Current investments +€4,085
up €4,085 (+8.2%), from €50,000 to €54,085
- Deferred charges and accrued income +€3,036
up €3,036, from €0 to €3,036
- Reserves +€40,049
up €40,049 (+29.3%), from €136,893 to €176,941
- Provisions +€37,501
new in 2025: €37,501
- Gross operating margin +€46,564
up €46,564 (+81.1%), from €57,436 to €104,000
- Provisions +€37,501
new in 2025: €37,501
- Taxes +€10,613
up €10,613 (+93.4%), from €11,362 to €21,975
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 | €157,834 | €238,211 | +€80,377 | +50.9% |
| Formation expenses | 20 | €324 | €172 | -€152 | -46.9% |
| Fixed assets | 21/28 | €6,455 | €6,420 | -€35 | -0.5% |
| Tangible fixed assets | 22/27 | €6,455 | €6,420 | -€35 | -0.5% |
| Land and buildings | 22 | - | €1,534 | +€1,534 | |
| Plant, machinery and equipment | 23 | €3,775 | €2,803 | -€973 | -25.8% |
| Furniture and vehicles | 24 | €2,679 | €2,083 | -€596 | -22.2% |
| Current assets | 29/58 | €151,056 | €231,619 | +€80,563 | +53.3% |
| Amounts receivable within one year | 40/41 | €48,482 | €86,485 | +€38,002 | +78.4% |
| Trade receivables | 40 | €44,891 | €70,180 | +€25,289 | +56.3% |
| Other amounts receivable | 41 | €3,591 | €16,305 | +€12,713 | +354% |
| Current investments | 50/53 | €50,000 | €54,085 | +€4,085 | +8.2% |
| Cash at bank and in hand | 54/58 | €52,573 | €88,013 | +€35,440 | +67.4% |
| Deferred charges and accrued income | 490/1 | €0 | €3,036 | +€3,036 | |
| Total equity and liabilities | 10/49 | €157,834 | €238,211 | +€80,377 | +50.9% |
| Equity | 10/15 | €139,393 | €179,441 | +€40,049 | +28.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €136,893 | €176,941 | +€40,049 | +29.3% |
| Distributable reserves | 133 | €136,893 | €176,941 | +€40,049 | +29.3% |
| Provisions and deferred taxes | 16 | - | €37,501 | +€37,501 | |
| Provisions for liabilities and charges | 160/5 | - | €37,501 | +€37,501 | |
| Other liabilities and charges | 164/5 | - | €37,501 | +€37,501 | |
| Amounts payable | 17/49 | €18,441 | €21,268 | +€2,827 | +15.3% |
| Amounts payable within one year | 42/48 | €18,441 | €21,268 | +€2,827 | +15.3% |
| Trade debts | 44 | €1,969 | €3,641 | +€1,672 | +84.9% |
| Suppliers | 440/4 | €1,969 | €3,641 | +€1,672 | +84.9% |
| Taxes, remuneration and social security | 45 | €15,554 | €16,708 | +€1,155 | +7.4% |
| Taxes | 450/3 | €13,454 | €14,608 | +€1,155 | +8.6% |
| Remuneration and social security | 454/9 | €2,100 | €2,100 | = | 0.0% |
| Other amounts payable | 47/48 | €919 | €919 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,522 | €2,994 | -€528 | -15.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €37,501 | +€37,501 | |
| Other operating charges | 640/8 | €1,646 | €1,605 | -€41 | -2.5% |
| Gross operating margin | 9900 | €57,436 | €104,000 | +€46,564 | +81.1% |
| Operating profit (loss) | 9901 | €52,268 | €61,900 | +€9,631 | +18.4% |
| Financial income | 75/76B | €1,327 | €1,550 | +€223 | +16.8% |
| Recurring financial income | 75 | €1,327 | €1,550 | +€223 | +16.8% |
| Financial charges | 65/66B | €1,357 | €1,426 | +€69 | +5.1% |
| Recurring financial charges | 65 | €1,357 | €1,426 | +€69 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €52,239 | €62,023 | +€9,785 | +18.7% |
| Income taxes | 67/77 | €11,362 | €21,975 | +€10,613 | +93.4% |
| Profit (loss) for the period | 9904 | €40,877 | €40,049 | -€829 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,877 | €40,049 | -€829 | -2.0% |
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 18 October 2026 via checked.be.