YTREZA: 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.
What changed
YTREZA
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€14,748
2024 · €25,235-€10,487
Equity
€256,726
2024 · €242,300+€14,426
Cash
€25,511
2024 · €32,155-€6,643
Balance sheet total
€658,096
2024 · €673,005-€14,909
Largest movements
Assets
- Tangible fixed assets -€11,817
down €11,817 (-2.7%), from €434,652 to €422,835
of which Land and buildings: -€25,009
Equity and liabilities
- Debts after one year -€22,844
down €22,844 (-6.3%), from €360,814 to €337,970
- Reserves +€14,748
up €14,748 (+73.7%), from €20,000 to €34,748
Income statement
- Gross operating margin -€14,372
down €14,372 (-17.1%), from €83,892 to €69,520
- Taxes -€6,921
down €6,921 (-55.7%), from €12,421 to €5,499
- Other operating charges +€2,980
up €2,980 (+71.9%), from €4,143 to €7,122
- Financial charges -€1,603
down €1,603 (-10.9%), from €14,683 to €13,080
- Depreciation +€1,449
up €1,449 (+5.1%), from €28,437 to €29,886
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.
Result 2024
€25,235
Gross operating margin
-€14,372
Depreciation
-€1,449
Other operating charges
-€2,980
Financial income
-€91
Financial charges
+€1,603
Taxes
+€6,921
Deferred taxes and other
-€121
Result 2025
€14,748
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€37,501
Investment
-€18,148
Financing
-€25,997
Cash 2024
€32,155
From operations (derived)
+€37,501
Net result for the year
+€14,748
Depreciation
+€29,886
Receivables within one year
+€116
Deferred charges and accrued income
-€3,588
Provisions
-€80
Trade debts
-€6,694
Tax, wage and social debts
+€3,773
Other debts
-€1,649
Accrued charges and deferred income
+€990
Investment (derived)
-€18,148
Investment in fixed assets (net)
-€18,148
Financing
-€25,997
Debts after one year
-€22,844
Current portion of long-term debt
-€2,831
Contributions, distributions and other
-€322
Cash 2025
€25,511
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €673,005 | €658,096 | -€14,909 | -2.2% |
| Fixed assets | 21/28 | €595,277 | €583,539 | -€11,738 | -2.0% |
| Tangible fixed assets | 22/27 | €434,652 | €422,835 | -€11,817 | -2.7% |
| Land and buildings | 22 | €402,510 | €377,501 | -€25,009 | -6.2% |
| Furniture and vehicles | 24 | €2,605 | €1,605 | -€1,000 | -38.4% |
| Other tangible fixed assets | 26 | €29,537 | €43,730 | +€14,192 | +48.0% |
| Financial fixed assets | 28 | €160,625 | €160,703 | +€78 | 0.0% |
| Current assets | 29/58 | €77,728 | €74,557 | -€3,171 | -4.1% |
| Amounts receivable within one year | 40/41 | €45,574 | €45,458 | -€116 | -0.3% |
| Trade receivables | 40 | €43,604 | €43,173 | -€431 | -1.0% |
| Other amounts receivable | 41 | €1,970 | €2,285 | +€315 | +16.0% |
| Cash at bank and in hand | 54/58 | €32,155 | €25,511 | -€6,643 | -20.7% |
| Deferred charges and accrued income | 490/1 | - | €3,588 | +€3,588 | |
| Total equity and liabilities | 10/49 | €673,005 | €658,096 | -€14,909 | -2.2% |
| Equity | 10/15 | €242,300 | €256,726 | +€14,426 | +6.0% |
| Contributions | 10/11 | €22,150 | €22,150 | = | 0.0% |
| Reserves | 13 | €20,000 | €34,748 | +€14,748 | +73.7% |
| Distributable reserves | 133 | €20,000 | €34,748 | +€14,748 | +73.7% |
| Profit (loss) carried forward | 14 | €194,845 | €194,845 | = | 0.0% |
| Investment grants | 15 | €5,305 | €4,983 | -€322 | -6.1% |
| Provisions and deferred taxes | 16 | €1,268 | €1,187 | -€80 | -6.3% |
| Deferred taxes | 168 | €1,268 | €1,187 | -€80 | -6.3% |
| Amounts payable | 17/49 | €429,437 | €400,182 | -€29,255 | -6.8% |
| Amounts payable after more than one year | 17 | €360,814 | €337,970 | -€22,844 | -6.3% |
| Financial debts | 170/4 | €360,814 | €337,970 | -€22,844 | -6.3% |
| Amounts payable within one year | 42/48 | €68,623 | €61,222 | -€7,401 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €29,457 | €26,625 | -€2,831 | -9.6% |
| Trade debts | 44 | €12,434 | €5,740 | -€6,694 | -53.8% |
| Suppliers | 440/4 | €12,434 | €5,740 | -€6,694 | -53.8% |
| Taxes, remuneration and social security | 45 | €20,137 | €23,910 | +€3,773 | +18.7% |
| Taxes | 450/3 | €20,137 | €23,910 | +€3,773 | +18.7% |
| Other amounts payable | 47/48 | €6,595 | €4,947 | -€1,649 | -25.0% |
| Accrued charges and deferred income | 492/3 | - | €990 | +€990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,437 | €29,886 | +€1,449 | +5.1% |
| Other operating charges | 640/8 | €4,143 | €7,122 | +€2,980 | +71.9% |
| Gross operating margin | 9900 | €83,892 | €69,520 | -€14,372 | -17.1% |
| Operating profit (loss) | 9901 | €51,312 | €32,512 | -€18,801 | -36.6% |
| Financial income | 75/76B | €825 | €735 | -€91 | -11.0% |
| Recurring financial income | 75 | €825 | €735 | -€91 | -11.0% |
| Financial charges | 65/66B | €14,683 | €13,080 | -€1,603 | -10.9% |
| Recurring financial charges | 65 | €14,683 | €13,080 | -€1,603 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €37,454 | €20,167 | -€17,288 | -46.2% |
| Transfer from deferred taxes | 780 | €201 | €80 | -€121 | -60.0% |
| Income taxes | 67/77 | €12,421 | €5,499 | -€6,921 | -55.7% |
| Profit (loss) for the period | 9904 | €25,235 | €14,748 | -€10,487 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,235 | €14,748 | -€10,487 | -41.6% |
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 28 October 2026 via checked.be.