YVON COUDENYS: 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.
YVON COUDENYS
Largest movements
- Cash -€37,091
down €37,091 (-41.3%), from €89,771 to €52,680
mainly Net result for the year (-€20,953) and Current investments (-€11,571)
- Current investments +€11,571
new in 2025: €11,571
- Tangible fixed assets -€4,723
down €4,723 (-13.1%), from €35,986 to €31,263
of which Furniture and vehicles: -€3,125
- Profit (loss) carried forward -€20,953
down €20,953 (-25.8%), from -€81,180 to -€102,133
- Other debts -€11,270
down €11,270 (-15.4%), from €72,987 to €61,717
- Trade debts +€2,782
up €2,782 (+795%), from €350 to €3,132
- Taxes +€13,476
new in 2025: €13,476
- Purchases and services -€8,886
no longer reported in 2025 (was €8,886)
- Gross operating margin -€1,929
down €1,929, from €785 to -€1,144
- Other operating charges -€1,427
down €1,427 (-52.1%), from €2,738 to €1,311
- Depreciation +€780
up €780 (+19.8%), from €3,943 to €4,723
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 | €125,757 | €96,316 | -€29,441 | -23.4% |
| Fixed assets | 21/28 | €35,986 | €31,263 | -€4,723 | -13.1% |
| Tangible fixed assets | 22/27 | €35,986 | €31,263 | -€4,723 | -13.1% |
| Land and buildings | 22 | €25,830 | €24,232 | -€1,598 | -6.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €10,156 | €7,031 | -€3,125 | -30.8% |
| Current assets | 29/58 | €89,771 | €65,053 | -€24,718 | -27.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | - | €11,571 | +€11,571 | |
| Cash at bank and in hand | 54/58 | €89,771 | €52,680 | -€37,091 | -41.3% |
| Deferred charges and accrued income | 490/1 | - | €802 | +€802 | |
| Total equity and liabilities | 10/49 | €125,757 | €96,316 | -€29,441 | -23.4% |
| Equity | 10/15 | €48,020 | €27,067 | -€20,953 | -43.6% |
| Contributions | 10/11 | €129,200 | €129,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,180 | -€102,133 | -€20,953 | -25.8% |
| Amounts payable | 17/49 | €77,737 | €69,249 | -€8,488 | -10.9% |
| Amounts payable after more than one year | 17 | €4,400 | €4,400 | = | 0.0% |
| Financial debts | 170/4 | €4,400 | €4,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €73,337 | €64,849 | -€8,488 | -11.6% |
| Trade debts | 44 | €350 | €3,132 | +€2,782 | +795% |
| Suppliers | 440/4 | €350 | €3,132 | +€2,782 | +795% |
| Other amounts payable | 47/48 | €72,987 | €61,717 | -€11,270 | -15.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,886 | - | -€8,886 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,943 | €4,723 | +€780 | +19.8% |
| Other operating charges | 640/8 | €2,738 | €1,311 | -€1,427 | -52.1% |
| Gross operating margin | 9900 | €785 | -€1,144 | -€1,929 | |
| Operating profit (loss) | 9901 | -€5,896 | -€7,178 | -€1,282 | -21.7% |
| Financial charges | 65/66B | €132 | €299 | +€167 | +127% |
| Recurring financial charges | 65 | €132 | €299 | +€167 | +127% |
| Profit (loss) for the period before taxes | 9903 | -€6,028 | -€7,477 | -€1,449 | -24.0% |
| Income taxes | 67/77 | - | €13,476 | +€13,476 | |
| Profit (loss) for the period | 9904 | -€6,028 | -€20,953 | -€14,925 | -248% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,028 | -€20,953 | -€14,925 | -248% |
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.