YPSILON: 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.
YPSILON
Largest movements
- Receivables within one year +€50,232
up €50,232 (+105.3%), from €47,721 to €97,953
of which Trade receivables: +€44,836
- Tangible fixed assets +€28,115
up €28,115 (+35.8%), from €78,474 to €106,589
of which Furniture and vehicles: +€26,732
- Cash -€9,829
down €9,829 (-84.0%), from €11,703 to €1,874
mainly Investment in fixed assets (net) (-€57,239) and Receivables within one year (-€50,232)
- Stocks and contracts -€5,541
down €5,541 (-17.8%), from €31,050 to €25,509
- Deferred charges and accrued income +€4,887
up €4,887 (+235.8%), from €2,073 to €6,960
- Reserves +€53,016
up €53,016 (+455.2%), from €11,646 to €64,662
- Current portion of long-term debt +€18,055
up €18,055 (+52.2%), from €34,582 to €52,637
- Trade debts -€9,621
down €9,621 (-21.6%), from €44,555 to €34,934
- Tax, wage and social debts +€5,318
up €5,318 (+58.4%), from €9,103 to €14,420
of which Taxes: +€10,970
- Gross operating margin +€83,736
up €83,736 (+195.9%), from €42,750 to €126,486
- Staff costs +€16,376
up €16,376 (+11609.5%), from €141 to €16,517
- Taxes +€12,295
up €12,295 (+666.1%), from €1,846 to €14,140
- Other operating charges +€5,173
up €5,173 (+199.7%), from €2,590 to €7,764
- Depreciation +€3,170
up €3,170 (+12.2%), from €25,954 to €29,124
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,020 | €238,884 | +€67,864 | +39.7% |
| Fixed assets | 21/28 | €78,474 | €106,589 | +€28,115 | +35.8% |
| Tangible fixed assets | 22/27 | €78,474 | €106,589 | +€28,115 | +35.8% |
| Plant, machinery and equipment | 23 | €27,141 | €28,524 | +€1,383 | +5.1% |
| Furniture and vehicles | 24 | €51,333 | €78,065 | +€26,732 | +52.1% |
| Current assets | 29/58 | €92,546 | €132,295 | +€39,749 | +42.9% |
| Stocks and contracts in progress | 3 | €31,050 | €25,509 | -€5,541 | -17.8% |
| Stocks | 30/36 | €31,050 | €25,509 | -€5,541 | -17.8% |
| Amounts receivable within one year | 40/41 | €47,721 | €97,953 | +€50,232 | +105.3% |
| Trade receivables | 40 | €34,955 | €79,791 | +€44,836 | +128.3% |
| Other amounts receivable | 41 | €12,766 | €18,162 | +€5,396 | +42.3% |
| Cash at bank and in hand | 54/58 | €11,703 | €1,874 | -€9,829 | -84.0% |
| Deferred charges and accrued income | 490/1 | €2,073 | €6,960 | +€4,887 | +235.8% |
| Total equity and liabilities | 10/49 | €171,020 | €238,884 | +€67,864 | +39.7% |
| Equity | 10/15 | €13,146 | €66,162 | +€53,016 | +403.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €11,646 | €64,662 | +€53,016 | +455.2% |
| Distributable reserves | 133 | €11,646 | €64,662 | +€53,016 | +455.2% |
| Amounts payable | 17/49 | €157,874 | €172,721 | +€14,847 | +9.4% |
| Amounts payable after more than one year | 17 | €69,635 | €70,730 | +€1,096 | +1.6% |
| Financial debts | 170/4 | €69,635 | €70,730 | +€1,096 | +1.6% |
| Amounts payable within one year | 42/48 | €88,239 | €101,991 | +€13,752 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €34,582 | €52,637 | +€18,055 | +52.2% |
| Trade debts | 44 | €44,555 | €34,934 | -€9,621 | -21.6% |
| Suppliers | 440/4 | €44,555 | €34,934 | -€9,621 | -21.6% |
| Taxes, remuneration and social security | 45 | €9,103 | €14,420 | +€5,318 | +58.4% |
| Taxes | 450/3 | €3,450 | €14,420 | +€10,970 | +317.9% |
| Remuneration and social security | 454/9 | €5,652 | - | -€5,652 | |
| Non-recurring operating income | 76A | €698 | €39,525 | +€38,827 | +5559.2% |
| Remuneration, social security and pensions | 62 | €141 | €16,517 | +€16,376 | +11609.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,954 | €29,124 | +€3,170 | +12.2% |
| Other operating charges | 640/8 | €2,590 | €7,764 | +€5,173 | +199.7% |
| Gross operating margin | 9900 | €42,750 | €126,486 | +€83,736 | +195.9% |
| Operating profit (loss) | 9901 | €14,065 | €73,081 | +€59,016 | +419.6% |
| Financial income | 75/76B | €269 | €336 | +€67 | +24.9% |
| Recurring financial income | 75 | €269 | €336 | +€67 | +24.9% |
| Financial charges | 65/66B | €6,470 | €6,260 | -€210 | -3.2% |
| Recurring financial charges | 65 | €6,470 | €6,260 | -€210 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €7,864 | €67,156 | +€59,293 | +754.0% |
| Income taxes | 67/77 | €1,846 | €14,140 | +€12,295 | +666.1% |
| Profit (loss) for the period | 9904 | €6,018 | €53,016 | +€46,998 | +781.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,018 | €53,016 | +€46,998 | +781.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.