YVES MARTIN: what changed
YVES MARTIN
Largest movements
- Current investments -€29,696
down €29,696 (-33.5%), from €88,591 to €58,895
- Tangible fixed assets -€15,731
down €15,731 (-11.8%), from €133,491 to €117,759
of which Land and buildings: -€10,170
- Receivables within one year -€9,592
down €9,592 (-57.9%), from €16,567 to €6,975
of which Trade receivables: -€13,028
- Tax, wage and social debts -€46,292
down €46,292 (-99.1%), from €46,692 to €400
of which Remuneration and social security: -€46,692
- Profit (loss) carried forward -€7,243
down €7,243 (-48.0%), from €15,081 to €7,838
- Gross operating margin +€8,512
up €8,512 (+545%), from €1,561 to €10,072
- Financial income -€174
down €174 (-63.0%), from €277 to €102
- Other operating charges -€126
down €126 (-7.3%), from €1,736 to €1,610
- Financial charges -€126
down €126 (-62.7%), from €200 to €75
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €240,372 | €186,518 | -€53,854 | -22.4% |
| Fixed assets | 21/28 | €133,491 | €117,759 | -€15,731 | -11.8% |
| Tangible fixed assets | 22/27 | €133,491 | €117,759 | -€15,731 | -11.8% |
| Land and buildings | 22 | €112,172 | €102,002 | -€10,170 | -9.1% |
| Furniture and vehicles | 24 | €21,319 | €15,757 | -€5,561 | -26.1% |
| Current assets | 29/58 | €106,881 | €68,758 | -€38,122 | -35.7% |
| Amounts receivable within one year | 40/41 | €16,567 | €6,975 | -€9,592 | -57.9% |
| Trade receivables | 40 | €16,219 | €3,191 | -€13,028 | -80.3% |
| Other amounts receivable | 41 | €349 | €3,784 | +€3,436 | +985% |
| Current investments | 50/53 | €88,591 | €58,895 | -€29,696 | -33.5% |
| Cash at bank and in hand | 54/58 | €1,722 | €2,888 | +€1,165 | +67.7% |
| Total equity and liabilities | 10/49 | €240,372 | €186,518 | -€53,854 | -22.4% |
| Equity | 10/15 | €187,190 | €179,947 | -€7,243 | -3.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €153,517 | €153,517 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,431 | €21,431 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,572 | €19,572 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,893 | €20,893 | = | 0.0% |
| Distributable reserves | 133 | €111,194 | €111,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,081 | €7,838 | -€7,243 | -48.0% |
| Amounts payable | 17/49 | €53,181 | €6,571 | -€46,611 | -87.6% |
| Amounts payable within one year | 42/48 | €53,181 | €6,571 | -€46,611 | -87.6% |
| Trade debts | 44 | €5,141 | €6,171 | +€1,029 | +20.0% |
| Suppliers | 440/4 | €5,141 | €6,171 | +€1,029 | +20.0% |
| Taxes, remuneration and social security | 45 | €46,692 | €400 | -€46,292 | -99.1% |
| Taxes | 450/3 | - | €400 | +€400 | |
| Remuneration and social security | 454/9 | €46,692 | - | -€46,692 | |
| Other amounts payable | 47/48 | €1,348 | - | -€1,348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,731 | €15,731 | = | 0.0% |
| Other operating charges | 640/8 | €1,736 | €1,610 | -€126 | -7.3% |
| Gross operating margin | 9900 | €1,561 | €10,072 | +€8,512 | +545% |
| Operating profit (loss) | 9901 | -€15,907 | -€7,269 | +€8,638 | +54.3% |
| Financial income | 75/76B | €277 | €102 | -€174 | -63.0% |
| Recurring financial income | 75 | €277 | €102 | -€174 | -63.0% |
| Financial charges | 65/66B | €200 | €75 | -€126 | -62.7% |
| Recurring financial charges | 65 | €200 | €75 | -€126 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,830 | -€7,241 | +€8,589 | +54.3% |
| Income taxes | 67/77 | €48 | €2 | -€46 | -96.4% |
| Profit (loss) for the period | 9904 | -€15,878 | -€7,243 | +€8,635 | +54.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,878 | -€7,243 | +€8,635 | +54.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.