YTEC: 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.
YTEC
Largest movements
- Tangible fixed assets +€544,779
up €544,779 (+6,860%), from €7,942 to €552,721
of which Land and buildings: +€536,226
- Cash -€86,456
down €86,456 (-52.4%), from €165,009 to €78,553
mainly Investment in fixed assets (net) (-€567,360) and Receivables within one year (-€29,352)
- Receivables within one year +€29,352
up €29,352 (+96.4%), from €30,434 to €59,787
of which Trade receivables: +€38,582
- Debts after one year +€400,583
new in 2025: €400,583
- Other debts +€45,846
up €45,846 (+147%), from €31,098 to €76,944
- Current portion of long-term debt +€21,850
up €21,850, from €0 to €21,850
- Reserves +€12,563
up €12,563 (+6.8%), from €183,919 to €196,481
- Gross operating margin +€13,193
up €13,193 (+36.3%), from €36,372 to €49,565
- Financial charges +€9,565
up €9,565 (+3,652%), from €262 to €9,827
- Depreciation +€6,029
up €6,029 (+38.8%), from €15,552 to €21,581
- Taxes +€604
up €604 (+14.3%), from €4,232 to €4,836
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 | €221,922 | €707,958 | +€486,037 | +219% |
| Fixed assets | 21/28 | €9,442 | €555,221 | +€545,779 | +5,780% |
| Tangible fixed assets | 22/27 | €7,942 | €552,721 | +€544,779 | +6,860% |
| Land and buildings | 22 | - | €536,226 | +€536,226 | |
| Plant, machinery and equipment | 23 | €6,355 | €16,495 | +€10,140 | +160% |
| Furniture and vehicles | 24 | €1,587 | €0 | -€1,587 | -100% |
| Financial fixed assets | 28 | €1,500 | €2,500 | +€1,000 | +66.7% |
| Current assets | 29/58 | €212,480 | €152,737 | -€59,742 | -28.1% |
| Stocks and contracts in progress | 3 | €10,000 | €10,175 | +€175 | +1.8% |
| Stocks | 30/36 | €10,000 | €10,175 | +€175 | +1.8% |
| Amounts receivable within one year | 40/41 | €30,434 | €59,787 | +€29,352 | +96.4% |
| Trade receivables | 40 | €17,666 | €56,248 | +€38,582 | +218% |
| Other amounts receivable | 41 | €12,768 | €3,539 | -€9,229 | -72.3% |
| Cash at bank and in hand | 54/58 | €165,009 | €78,553 | -€86,456 | -52.4% |
| Deferred charges and accrued income | 490/1 | €7,036 | €4,222 | -€2,814 | -40.0% |
| Total equity and liabilities | 10/49 | €221,922 | €707,958 | +€486,037 | +219% |
| Equity | 10/15 | €188,919 | €201,481 | +€12,563 | +6.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €183,919 | €196,481 | +€12,563 | +6.8% |
| Distributable reserves | 133 | €183,919 | €196,481 | +€12,563 | +6.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €33,003 | €506,477 | +€473,474 | +1,435% |
| Amounts payable after more than one year | 17 | - | €400,583 | +€400,583 | |
| Financial debts | 170/4 | - | €400,583 | +€400,583 | |
| Amounts payable within one year | 42/48 | €33,003 | €105,858 | +€72,855 | +221% |
| Current portion of amounts payable after more than one year | 42 | €0 | €21,850 | +€21,850 | |
| Trade debts | 44 | €491 | €2,228 | +€1,737 | +354% |
| Suppliers | 440/4 | €491 | €2,228 | +€1,737 | +354% |
| Taxes, remuneration and social security | 45 | €1,414 | €4,836 | +€3,422 | +242% |
| Taxes | 450/3 | €1,414 | €4,836 | +€3,422 | +242% |
| Other amounts payable | 47/48 | €31,098 | €76,944 | +€45,846 | +147% |
| Accrued charges and deferred income | 492/3 | - | €36 | +€36 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,552 | €21,581 | +€6,029 | +38.8% |
| Other operating charges | 640/8 | €717 | €759 | +€43 | +5.9% |
| Gross operating margin | 9900 | €36,372 | €49,565 | +€13,193 | +36.3% |
| Operating profit (loss) | 9901 | €20,104 | €27,225 | +€7,122 | +35.4% |
| Financial charges | 65/66B | €262 | €9,827 | +€9,565 | +3,652% |
| Recurring financial charges | 65 | €262 | €9,827 | +€9,565 | +3,652% |
| Profit (loss) for the period before taxes | 9903 | €19,842 | €17,399 | -€2,443 | -12.3% |
| Income taxes | 67/77 | €4,232 | €4,836 | +€604 | +14.3% |
| Profit (loss) for the period | 9904 | €15,610 | €12,563 | -€3,047 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,610 | €12,563 | -€3,047 | -19.5% |
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 16 October 2026 via checked.be.