YQUITY: 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.
YQUITY
Largest movements
- Cash +€39,836
up €39,836 (+6.6%), from €607,082 to €646,918
mainly Net result for the year (+€61,741) and Depreciation (+€4,007)
- Receivables within one year +€28,286
up €28,286 (+767%), from €3,688 to €31,974
of which Trade receivables: +€24,200
- Reserves +€61,741
up €61,741 (+10.5%), from €586,284 to €648,025
- Gross operating margin -€2,334
down €2,334 (-2.3%), from €101,438 to €99,104
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 | €623,173 | €687,600 | +€64,427 | +10.3% |
| Fixed assets | 21/28 | €10,204 | €6,197 | -€4,007 | -39.3% |
| Tangible fixed assets | 22/27 | €10,204 | €6,197 | -€4,007 | -39.3% |
| Furniture and vehicles | 24 | €10,204 | €6,197 | -€4,007 | -39.3% |
| Current assets | 29/58 | €612,969 | €681,402 | +€68,433 | +11.2% |
| Amounts receivable within one year | 40/41 | €3,688 | €31,974 | +€28,286 | +767% |
| Trade receivables | 40 | €0 | €24,200 | +€24,200 | |
| Other amounts receivable | 41 | €3,688 | €7,774 | +€4,086 | +111% |
| Cash at bank and in hand | 54/58 | €607,082 | €646,918 | +€39,836 | +6.6% |
| Deferred charges and accrued income | 490/1 | €2,199 | €2,510 | +€311 | +14.1% |
| Total equity and liabilities | 10/49 | €623,173 | €687,600 | +€64,427 | +10.3% |
| Equity | 10/15 | €604,884 | €666,625 | +€61,741 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €586,284 | €648,025 | +€61,741 | +10.5% |
| Distributable reserves | 133 | €586,284 | €648,025 | +€61,741 | +10.5% |
| Amounts payable | 17/49 | €18,289 | €20,975 | +€2,686 | +14.7% |
| Amounts payable within one year | 42/48 | €17,968 | €20,395 | +€2,427 | +13.5% |
| Trade debts | 44 | €489 | €1,484 | +€996 | +204% |
| Suppliers | 440/4 | €489 | €1,484 | +€996 | +204% |
| Taxes, remuneration and social security | 45 | €10,447 | €10,277 | -€170 | -1.6% |
| Taxes | 450/3 | €10,447 | €10,277 | -€170 | -1.6% |
| Other amounts payable | 47/48 | €7,033 | €8,634 | +€1,601 | +22.8% |
| Accrued charges and deferred income | 492/3 | €321 | €580 | +€259 | +80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,614 | €4,007 | +€393 | +10.9% |
| Other operating charges | 640/8 | €1,589 | €1,643 | +€54 | +3.4% |
| Gross operating margin | 9900 | €101,438 | €99,104 | -€2,334 | -2.3% |
| Operating profit (loss) | 9901 | €96,235 | €93,455 | -€2,780 | -2.9% |
| Financial income | 75/76B | €21 | €0 | -€21 | -100% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -100% |
| Financial charges | 65/66B | €701 | €988 | +€287 | +41.0% |
| Recurring financial charges | 65 | €701 | €988 | +€287 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €95,555 | €92,466 | -€3,089 | -3.2% |
| Income taxes | 67/77 | €31,312 | €30,726 | -€586 | -1.9% |
| Profit (loss) for the period | 9904 | €64,243 | €61,741 | -€2,503 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,243 | €61,741 | -€2,503 | -3.9% |
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 26 October 2026 via checked.be.