YPSOS²: 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.
YPSOS²
Largest movements
- Cash -€46,077
down €46,077 (-34.5%), from €133,721 to €87,645
mainly Investment in fixed assets (net) (-€62,630) and Net result for the year (-€46,881)
- Receivables within one year -€27,721
down €27,721 (-59.3%), from €46,750 to €19,029
of which Trade receivables: -€18,256
- Tangible fixed assets +€11,843
up €11,843 (+1.6%), from €747,473 to €759,316
of which Furniture and vehicles: +€20,103
- Profit (loss) carried forward -€46,881
down €46,881, from €46,123 to -€758
- Reserves -€36,032
down €36,032 (-14.1%), from €254,881 to €218,849
- Other debts +€33,421
up €33,421 (+19.4%), from €172,695 to €206,116
- Gross operating margin -€58,367
down €58,367 (-72.0%), from €81,026 to €22,659
- Depreciation +€14,529
up €14,529 (+40.1%), from €36,258 to €50,787
- Taxes -€7,017
down €7,017 (-97.4%), from €7,206 to €189
- Financial charges +€4,939
up €4,939 (+63.2%), from €7,817 to €12,756
- Other operating charges +€895
up €895 (+17.8%), from €5,020 to €5,915
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 | €935,703 | €872,757 | -€62,946 | -6.7% |
| Fixed assets | 21/28 | €752,018 | €763,861 | +€11,843 | +1.6% |
| Tangible fixed assets | 22/27 | €747,473 | €759,316 | +€11,843 | +1.6% |
| Land and buildings | 22 | €740,094 | €732,440 | -€7,654 | -1.0% |
| Plant, machinery and equipment | 23 | €1,348 | €742 | -€606 | -45.0% |
| Furniture and vehicles | 24 | €6,032 | €26,134 | +€20,103 | +333.3% |
| Financial fixed assets | 28 | €4,545 | €4,545 | = | 0.0% |
| Current assets | 29/58 | €183,685 | €108,896 | -€74,789 | -40.7% |
| Amounts receivable within one year | 40/41 | €46,750 | €19,029 | -€27,721 | -59.3% |
| Trade receivables | 40 | €18,256 | - | -€18,256 | |
| Other amounts receivable | 41 | €28,494 | €19,029 | -€9,465 | -33.2% |
| Cash at bank and in hand | 54/58 | €133,721 | €87,645 | -€46,077 | -34.5% |
| Deferred charges and accrued income | 490/1 | €3,214 | €2,222 | -€992 | -30.9% |
| Total equity and liabilities | 10/49 | €935,703 | €872,757 | -€62,946 | -6.7% |
| Equity | 10/15 | €367,203 | €284,291 | -€82,912 | -22.6% |
| Contributions | 10/11 | €66,200 | €66,200 | = | 0.0% |
| Reserves | 13 | €254,881 | €218,849 | -€36,032 | -14.1% |
| Distributable reserves | 133 | €254,881 | €218,849 | -€36,032 | -14.1% |
| Profit (loss) carried forward | 14 | €46,123 | -€758 | -€46,881 | |
| Amounts payable | 17/49 | €568,500 | €588,466 | +€19,966 | +3.5% |
| Amounts payable after more than one year | 17 | €348,330 | €339,105 | -€9,225 | -2.6% |
| Financial debts | 170/4 | €348,330 | €339,105 | -€9,225 | -2.6% |
| Amounts payable within one year | 42/48 | €213,471 | €237,877 | +€24,406 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €31,177 | €24,930 | -€6,247 | -20.0% |
| Trade debts | 44 | €9,480 | €6,642 | -€2,839 | -29.9% |
| Suppliers | 440/4 | €9,480 | €6,642 | -€2,839 | -29.9% |
| Taxes, remuneration and social security | 45 | €118 | €189 | +€71 | +59.9% |
| Taxes | 450/3 | €118 | €189 | +€71 | +59.9% |
| Other amounts payable | 47/48 | €172,695 | €206,116 | +€33,421 | +19.4% |
| Accrued charges and deferred income | 492/3 | €6,699 | €11,484 | +€4,785 | +71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,258 | €50,787 | +€14,529 | +40.1% |
| Other operating charges | 640/8 | €5,020 | €5,915 | +€895 | +17.8% |
| Gross operating margin | 9900 | €81,026 | €22,659 | -€58,367 | -72.0% |
| Operating profit (loss) | 9901 | €39,748 | -€34,043 | -€73,791 | |
| Financial income | 75/76B | - | €107 | +€107 | |
| Recurring financial income | 75 | - | €107 | +€107 | |
| Financial charges | 65/66B | €7,817 | €12,756 | +€4,939 | +63.2% |
| Recurring financial charges | 65 | €7,817 | €12,756 | +€4,939 | +63.2% |
| Profit (loss) for the period before taxes | 9903 | €31,932 | -€46,692 | -€78,624 | |
| Income taxes | 67/77 | €7,206 | €189 | -€7,017 | -97.4% |
| Profit (loss) for the period | 9904 | €24,726 | -€46,881 | -€71,607 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,726 | -€46,881 | -€71,607 |
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 11 October 2026 via checked.be.