YQ: 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.
YQ
Largest movements
- Receivables within one year +€62,255
up €62,255 (+11.1%), from €560,512 to €622,767
of which Trade receivables: +€65,443
- Profit (loss) carried forward +€35,262
up €35,262 (+42.9%), from -€82,166 to -€46,904
- Other debts +€22,244
up €22,244 (+14.4%), from €154,797 to €177,041
- Gross operating margin +€79,271
up €79,271, from -€38,930 to €40,341
- Depreciation +€644
up €644 (+21.6%), from €2,985 to €3,629
- Taxes -€568
no longer reported in 2025 (was €568)
- Financial charges +€404
up €404 (+293.3%), from €138 to €542
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 | €589,317 | €649,063 | +€59,745 | +10.1% |
| Fixed assets | 21/28 | €27,538 | €23,910 | -€3,629 | -13.2% |
| Tangible fixed assets | 22/27 | €27,538 | €23,910 | -€3,629 | -13.2% |
| Land and buildings | 22 | €25,830 | €22,871 | -€2,960 | -11.5% |
| Furniture and vehicles | 24 | €1,708 | €1,039 | -€669 | -39.2% |
| Current assets | 29/58 | €561,779 | €625,153 | +€63,374 | +11.3% |
| Amounts receivable within one year | 40/41 | €560,512 | €622,767 | +€62,255 | +11.1% |
| Trade receivables | 40 | €553,497 | €618,940 | +€65,443 | +11.8% |
| Other amounts receivable | 41 | €7,014 | €3,827 | -€3,187 | -45.4% |
| Cash at bank and in hand | 54/58 | €518 | €1,904 | +€1,386 | +267.7% |
| Deferred charges and accrued income | 490/1 | €750 | €482 | -€268 | -35.7% |
| Total equity and liabilities | 10/49 | €589,317 | €649,063 | +€59,745 | +10.1% |
| Equity | 10/15 | -€62,166 | -€26,904 | +€35,262 | +56.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,166 | -€46,904 | +€35,262 | +42.9% |
| Amounts payable | 17/49 | €651,484 | €675,967 | +€24,483 | +3.8% |
| Amounts payable within one year | 42/48 | €651,484 | €675,967 | +€24,483 | +3.8% |
| Financial debts | 43 | €485,457 | €485,457 | = | 0.0% |
| Credit institutions | 430/8 | €485,457 | €485,457 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,230 | €13,469 | +€2,239 | +19.9% |
| Taxes | 450/3 | €8,232 | €13,469 | +€5,237 | +63.6% |
| Remuneration and social security | 454/9 | €2,998 | - | -€2,998 | |
| Other amounts payable | 47/48 | €154,797 | €177,041 | +€22,244 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,985 | €3,629 | +€644 | +21.6% |
| Other operating charges | 640/8 | €690 | €919 | +€229 | +33.1% |
| Gross operating margin | 9900 | -€38,930 | €40,341 | +€79,271 | |
| Operating profit (loss) | 9901 | -€42,605 | €35,793 | +€78,398 | |
| Financial income | 75/76B | €108 | €12 | -€97 | -89.1% |
| Recurring financial income | 75 | €108 | €12 | -€97 | -89.1% |
| Financial charges | 65/66B | €138 | €542 | +€404 | +293.3% |
| Recurring financial charges | 65 | €138 | €542 | +€404 | +293.3% |
| Profit (loss) for the period before taxes | 9903 | -€42,635 | €35,262 | +€77,897 | |
| Income taxes | 67/77 | €568 | - | -€568 | |
| Profit (loss) for the period | 9904 | -€43,203 | €35,262 | +€78,465 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,203 | €35,262 | +€78,465 |
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.