YTC: 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.
YTC
Largest movements
- Receivables within one year +€36,459
up €36,459 (+48.5%), from €75,192 to €111,651
of which Trade receivables: +€32,945
- Stocks and contracts -€15,970
down €15,970 (-76.4%), from €20,900 to €4,930
of which Stocks: -€20,900
- Tangible fixed assets -€12,208
down €12,208 (-92.4%), from €13,216 to €1,008
- Cash +€1,480
up €1,480 (+35.1%), from €4,211 to €5,691
mainly Other debts (+€25,698) and Net result for the year (+€22,811)
- Other debts +€25,698
up €25,698 (+37.9%), from €67,887 to €93,585
- Profit (loss) carried forward +€22,811
up €22,811 (+58.2%), from -€39,196 to -€16,385
- Tax, wage and social debts -€16,562
down €16,562 (-48.9%), from €33,887 to €17,325
of which Remuneration and social security: -€20,677
- Current portion of long-term debt -€14,283
down €14,283 (-69.2%), from €20,654 to €6,370
- Debts after one year -€7,914
no longer reported in 2025 (was €7,914)
- Gross operating margin +€55,224
up €55,224, from -€9,921 to €45,303
- Depreciation -€4,792
down €4,792 (-36.9%), from €13,000 to €8,208
- Staff costs -€1,372
down €1,372 (-10.3%), from €13,380 to €12,007
- Financial charges +€1,338
up €1,338 (+116%), from €1,152 to €2,489
- Other operating charges -€1,274
down €1,274 (-73.1%), from €1,743 to €469
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 | €113,886 | €123,636 | +€9,750 | +8.6% |
| Fixed assets | 21/28 | €13,216 | €1,008 | -€12,208 | -92.4% |
| Tangible fixed assets | 22/27 | €13,216 | €1,008 | -€12,208 | -92.4% |
| Furniture and vehicles | 24 | €13,216 | €1,008 | -€12,208 | -92.4% |
| Current assets | 29/58 | €100,670 | €122,628 | +€21,958 | +21.8% |
| Stocks and contracts in progress | 3 | €20,900 | €4,930 | -€15,970 | -76.4% |
| Stocks | 30/36 | €20,900 | - | -€20,900 | |
| Contracts in progress | 37 | - | €4,930 | +€4,930 | |
| Amounts receivable within one year | 40/41 | €75,192 | €111,651 | +€36,459 | +48.5% |
| Trade receivables | 40 | €67,997 | €100,942 | +€32,945 | +48.5% |
| Other amounts receivable | 41 | €7,195 | €10,709 | +€3,514 | +48.8% |
| Cash at bank and in hand | 54/58 | €4,211 | €5,691 | +€1,480 | +35.1% |
| Deferred charges and accrued income | 490/1 | €367 | €356 | -€11 | -3.0% |
| Total equity and liabilities | 10/49 | €113,886 | €123,636 | +€9,750 | +8.6% |
| Equity | 10/15 | -€16,456 | €6,356 | +€22,811 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €20,241 | €20,241 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,824 | €1,824 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,824 | €1,824 | = | 0.0% |
| Distributable reserves | 133 | €18,416 | €18,416 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,196 | -€16,385 | +€22,811 | +58.2% |
| Amounts payable | 17/49 | €130,342 | €117,280 | -€13,062 | -10.0% |
| Amounts payable after more than one year | 17 | €7,914 | - | -€7,914 | |
| Financial debts | 170/4 | €7,914 | - | -€7,914 | |
| Amounts payable within one year | 42/48 | €122,428 | €117,280 | -€5,148 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €20,654 | €6,370 | -€14,283 | -69.2% |
| Taxes, remuneration and social security | 45 | €33,887 | €17,325 | -€16,562 | -48.9% |
| Taxes | 450/3 | €11,685 | €15,799 | +€4,115 | +35.2% |
| Remuneration and social security | 454/9 | €22,203 | €1,526 | -€20,677 | -93.1% |
| Other amounts payable | 47/48 | €67,887 | €93,585 | +€25,698 | +37.9% |
| Remuneration, social security and pensions | 62 | €13,380 | €12,007 | -€1,372 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,000 | €8,208 | -€4,792 | -36.9% |
| Other operating charges | 640/8 | €1,743 | €469 | -€1,274 | -73.1% |
| Gross operating margin | 9900 | -€9,921 | €45,303 | +€55,224 | |
| Operating profit (loss) | 9901 | -€38,044 | €24,618 | +€62,663 | |
| Financial income | 75/76B | - | €683 | +€683 | |
| Recurring financial income | 75 | - | €683 | +€683 | |
| Financial charges | 65/66B | €1,152 | €2,489 | +€1,338 | +116% |
| Recurring financial charges | 65 | €1,152 | €2,489 | +€1,338 | +116% |
| Profit (loss) for the period before taxes | 9903 | -€39,196 | €22,811 | +€62,008 | |
| Profit (loss) for the period | 9904 | -€39,196 | €22,811 | +€62,008 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,196 | €22,811 | +€62,008 |
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 14 October 2026 via checked.be.