YS & AM: 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.
YS & AM
Largest movements
- Cash +€109,862
up €109,862 (+5,842%), from €1,881 to €111,742
mainly Debts after one year (+€109,008) and Net result for the year (+€44,987)
- Tangible fixed assets +€74,857
up €74,857 (+217%), from €34,569 to €109,426
of which Furniture and vehicles: +€56,670
- Receivables within one year -€35,106
down €35,106 (-33.3%), from €105,467 to €70,361
of which Trade receivables: -€19,484
- Financial fixed assets +€3,225
new in 2025: €3,225
- Debts after one year +€109,008
up €109,008 (+496%), from €21,979 to €130,986
- Reserves +€44,950
up €44,950 (+52.1%), from €86,250 to €131,200
- Trade debts -€13,230
down €13,230 (-100%), from €13,230 to €0
- Current portion of long-term debt +€10,838
up €10,838 (+147%), from €7,357 to €18,194
- Tax, wage and social debts +€3,387
up €3,387 (+54.3%), from €6,233 to €9,621
- Gross operating margin +€29,633
up €29,633 (+60.2%), from €49,200 to €78,833
- Taxes +€7,985
up €7,985 (+106%), from €7,518 to €15,504
- Financial income +€1,907
up €1,907 (+126%), from €1,509 to €3,415
- Depreciation +€1,007
up €1,007 (+5.8%), from €17,451 to €18,458
- Financial charges +€917
up €917 (+62.4%), from €1,470 to €2,386
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 | €142,847 | €296,536 | +€153,688 | +108% |
| Fixed assets | 21/28 | €34,569 | €112,651 | +€78,082 | +226% |
| Tangible fixed assets | 22/27 | €34,569 | €109,426 | +€74,857 | +217% |
| Plant, machinery and equipment | 23 | €438 | €248 | -€191 | -43.5% |
| Furniture and vehicles | 24 | €34,130 | €90,800 | +€56,670 | +166% |
| Other tangible fixed assets | 26 | - | €18,379 | +€18,379 | |
| Financial fixed assets | 28 | - | €3,225 | +€3,225 | |
| Current assets | 29/58 | €108,279 | €183,885 | +€75,606 | +69.8% |
| Amounts receivable after more than one year | 29 | - | €1,381 | +€1,381 | |
| Trade receivables | 290 | - | €1,381 | +€1,381 | |
| Amounts receivable within one year | 40/41 | €105,467 | €70,361 | -€35,106 | -33.3% |
| Trade receivables | 40 | €38,966 | €19,483 | -€19,484 | -50.0% |
| Other amounts receivable | 41 | €66,501 | €50,878 | -€15,623 | -23.5% |
| Cash at bank and in hand | 54/58 | €1,881 | €111,742 | +€109,862 | +5,842% |
| Deferred charges and accrued income | 490/1 | €931 | €401 | -€530 | -57.0% |
| Total equity and liabilities | 10/49 | €142,847 | €296,536 | +€153,688 | +108% |
| Equity | 10/15 | €90,329 | €135,316 | +€44,987 | +49.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €86,250 | €131,200 | +€44,950 | +52.1% |
| Distributable reserves | 133 | €86,250 | €131,200 | +€44,950 | +52.1% |
| Profit (loss) carried forward | 14 | €79 | €116 | +€37 | +47.2% |
| Amounts payable | 17/49 | €52,519 | €161,220 | +€108,701 | +207% |
| Amounts payable after more than one year | 17 | €21,979 | €130,986 | +€109,008 | +496% |
| Financial debts | 170/4 | €21,979 | €130,986 | +€109,008 | +496% |
| Amounts payable within one year | 42/48 | €30,540 | €30,233 | -€307 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €7,357 | €18,194 | +€10,838 | +147% |
| Trade debts | 44 | €13,230 | €0 | -€13,230 | -100% |
| Suppliers | 440/4 | €13,230 | €0 | -€13,230 | -100% |
| Taxes, remuneration and social security | 45 | €6,233 | €9,621 | +€3,387 | +54.3% |
| Taxes | 450/3 | €6,233 | €9,621 | +€3,387 | +54.3% |
| Other amounts payable | 47/48 | €3,720 | €2,418 | -€1,302 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,451 | €18,458 | +€1,007 | +5.8% |
| Other operating charges | 640/8 | €688 | €913 | +€225 | +32.6% |
| Gross operating margin | 9900 | €49,200 | €78,833 | +€29,633 | +60.2% |
| Operating profit (loss) | 9901 | €31,060 | €59,462 | +€28,402 | +91.4% |
| Financial income | 75/76B | €1,509 | €3,415 | +€1,907 | +126% |
| Recurring financial income | 75 | €1,509 | €3,415 | +€1,907 | +126% |
| Financial charges | 65/66B | €1,470 | €2,386 | +€917 | +62.4% |
| Recurring financial charges | 65 | €1,470 | €2,386 | +€917 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | €31,099 | €60,491 | +€29,392 | +94.5% |
| Income taxes | 67/77 | €7,518 | €15,504 | +€7,985 | +106% |
| Profit (loss) for the period | 9904 | €23,581 | €44,987 | +€21,406 | +90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,581 | €44,987 | +€21,406 | +90.8% |
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 20 October 2026 via checked.be.