YVES THOMAS: 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 THOMAS
Largest movements
- Financial fixed assets -€1,530
down €1,530 (-3.7%), from €41,152 to €39,622
- Reserves -€1,341
down €1,341 (-4.2%), from €32,134 to €30,792
of which Distributable reserves: -€1,341
- Gross operating margin +€82
up €82 (+8.8%), from -€933 to -€851
- Other operating charges -€38
down €38 (-8.6%), from €437 to €400
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 | €41,199 | €39,682 | -€1,517 | -3.7% |
| Fixed assets | 21/28 | €41,152 | €39,622 | -€1,530 | -3.7% |
| Financial fixed assets | 28 | €41,152 | €39,622 | -€1,530 | -3.7% |
| Current assets | 29/58 | €46 | €59 | +€13 | +28.0% |
| Cash at bank and in hand | 54/58 | €46 | €59 | +€13 | +28.0% |
| Total equity and liabilities | 10/49 | €41,199 | €39,682 | -€1,517 | -3.7% |
| Equity | 10/15 | €38,339 | €36,998 | -€1,341 | -3.5% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €32,134 | €30,792 | -€1,341 | -4.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €32,134 | €30,792 | -€1,341 | -4.2% |
| Amounts payable | 17/49 | €2,860 | €2,684 | -€176 | -6.1% |
| Amounts payable within one year | 42/48 | €2,860 | €2,684 | -€176 | -6.1% |
| Trade debts | 44 | €176 | €0 | -€176 | -100% |
| Suppliers | 440/4 | €176 | €0 | -€176 | -100% |
| Other amounts payable | 47/48 | €2,684 | €2,684 | = | 0.0% |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Gross operating margin | 9900 | -€933 | -€851 | +€82 | +8.8% |
| Operating profit (loss) | 9901 | -€1,371 | -€1,251 | +€119 | +8.7% |
| Financial charges | 65/66B | €94 | €90 | -€4 | -4.0% |
| Recurring financial charges | 65 | €94 | €90 | -€4 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,464 | -€1,341 | +€123 | +8.4% |
| Profit (loss) for the period | 9904 | -€1,464 | -€1,341 | +€123 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,464 | -€1,341 | +€123 | +8.4% |
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.