Yves Cooreman: 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.
Yves Cooreman
Largest movements
- Cash -€80,234
down €80,234 (-75.5%), from €106,305 to €26,071
mainly Contributions, distributions and other (-€94,931) and Tax, wage and social debts (-€10,096)
- Receivables within one year -€4,817
down €4,817 (-35.3%), from €13,646 to €8,829
of which Other amounts receivable: -€3,978
- Profit (loss) carried forward -€94,931
no longer reported in 2025 (was €94,931)
- Reserves +€19,535
new in 2025: €19,535
- Tax, wage and social debts -€10,096
down €10,096 (-42.8%), from €23,614 to €13,519
- Depreciation -€11,794
down €11,794 (-98.3%), from €11,994 to €200
- Gross operating margin -€8,584
down €8,584 (-21.3%), from €40,246 to €31,662
- Taxes +€1,484
up €1,484 (+16.8%), from €8,827 to €10,310
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 | €121,926 | €37,851 | -€84,075 | -69.0% |
| Fixed assets | 21/28 | €974 | €774 | -€200 | -20.6% |
| Tangible fixed assets | 22/27 | €974 | €774 | -€200 | -20.6% |
| Other tangible fixed assets | 26 | €974 | €774 | -€200 | -20.6% |
| Current assets | 29/58 | €120,952 | €37,077 | -€83,875 | -69.3% |
| Amounts receivable within one year | 40/41 | €13,646 | €8,829 | -€4,817 | -35.3% |
| Trade receivables | 40 | €9,668 | €8,829 | -€839 | -8.7% |
| Other amounts receivable | 41 | €3,978 | - | -€3,978 | |
| Cash at bank and in hand | 54/58 | €106,305 | €26,071 | -€80,234 | -75.5% |
| Deferred charges and accrued income | 490/1 | €1,001 | €2,177 | +€1,176 | +118% |
| Total equity and liabilities | 10/49 | €121,926 | €37,851 | -€84,075 | -69.0% |
| Equity | 10/15 | €97,431 | €22,035 | -€75,396 | -77.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €19,535 | +€19,535 | |
| Distributable reserves | 133 | - | €19,535 | +€19,535 | |
| Profit (loss) carried forward | 14 | €94,931 | - | -€94,931 | |
| Amounts payable | 17/49 | €24,495 | €15,816 | -€8,679 | -35.4% |
| Amounts payable within one year | 42/48 | €24,429 | €15,749 | -€8,680 | -35.5% |
| Trade debts | 44 | €815 | €1,035 | +€220 | +27.0% |
| Suppliers | 440/4 | €815 | €1,035 | +€220 | +27.0% |
| Taxes, remuneration and social security | 45 | €23,614 | €13,519 | -€10,096 | -42.8% |
| Taxes | 450/3 | €23,614 | €13,519 | -€10,096 | -42.8% |
| Other amounts payable | 47/48 | - | €1,195 | +€1,195 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,994 | €200 | -€11,794 | -98.3% |
| Other operating charges | 640/8 | €1,623 | €1,546 | -€76 | -4.7% |
| Gross operating margin | 9900 | €40,246 | €31,662 | -€8,584 | -21.3% |
| Operating profit (loss) | 9901 | €26,629 | €29,916 | +€3,286 | +12.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €69 | €70 | +€1 | +2.0% |
| Recurring financial charges | 65 | €69 | €70 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €26,560 | €29,845 | +€3,285 | +12.4% |
| Income taxes | 67/77 | €8,827 | €10,310 | +€1,484 | +16.8% |
| Profit (loss) for the period | 9904 | €17,734 | €19,535 | +€1,801 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,734 | €19,535 | +€1,801 | +10.2% |
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 30 October 2026 via checked.be.