YW PROJECTS: what changed
Two fiscal 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.
YW PROJECTS
Largest movements
- Receivables within one year -€123,516
down €123,516 (-38.4%), from €321,679 to €198,164
of which Trade receivables: -€203,497
- Cash -€22,821
down €22,821 (-89.9%), from €25,387 to €2,566
mainly Other debts (-€53,503) and Net result for the year (-€37,839)
- Other debts -€53,503
down €53,503 (-57.4%), from €93,149 to €39,646
- Profit (loss) carried forward -€37,839
down €37,839 (-21.7%), from -€174,259 to -€212,098
- Trade debts -€25,670
down €25,670 (-44.0%), from €58,277 to €32,607
- Short-term financial debts -€23,587
down €23,587 (-40.3%), from €58,512 to €34,925
- Gross operating margin -€23,585
down €23,585, from €13,652 to -€9,933
- Other operating charges +€1,289
up €1,289 (+53.9%), from €2,393 to €3,682
- Depreciation +€965
up €965 (+286.3%), from €337 to €1,302
- Financial charges +€527
up €527 (+6.3%), from €8,406 to €8,933
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €352,050 | €208,994 | -€143,056 | -40.6% |
| Fixed assets | 21/28 | €4,362 | €8,260 | +€3,898 | +89.4% |
| Intangible fixed assets | 21 | €1,658 | €4,665 | +€3,007 | +181.4% |
| Tangible fixed assets | 22/27 | - | €891 | +€891 | |
| Furniture and vehicles | 24 | - | €891 | +€891 | |
| Financial fixed assets | 28 | €2,704 | €2,704 | = | 0.0% |
| Current assets | 29/58 | €347,688 | €200,734 | -€146,954 | -42.3% |
| Amounts receivable within one year | 40/41 | €321,679 | €198,164 | -€123,516 | -38.4% |
| Trade receivables | 40 | €292,864 | €89,366 | -€203,497 | -69.5% |
| Other amounts receivable | 41 | €28,815 | €108,797 | +€79,982 | +277.6% |
| Cash at bank and in hand | 54/58 | €25,387 | €2,566 | -€22,821 | -89.9% |
| Deferred charges and accrued income | 490/1 | €621 | €5 | -€616 | -99.2% |
| Total equity and liabilities | 10/49 | €352,050 | €208,994 | -€143,056 | -40.6% |
| Equity | 10/15 | €139,200 | €101,362 | -€37,839 | -27.2% |
| Contributions | 10/11 | €311,600 | €311,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,259 | -€212,098 | -€37,839 | -21.7% |
| Amounts payable | 17/49 | €212,850 | €107,633 | -€105,217 | -49.4% |
| Amounts payable within one year | 42/48 | €212,850 | €107,633 | -€105,217 | -49.4% |
| Financial debts | 43 | €58,512 | €34,925 | -€23,587 | -40.3% |
| Credit institutions | 430/8 | €58,512 | €34,925 | -€23,587 | -40.3% |
| Trade debts | 44 | €58,277 | €32,607 | -€25,670 | -44.0% |
| Suppliers | 440/4 | €58,277 | €32,607 | -€25,670 | -44.0% |
| Advances received on contracts in progress | 46 | €50 | - | -€50 | |
| Taxes, remuneration and social security | 45 | €2,862 | €455 | -€2,407 | -84.1% |
| Taxes | 450/3 | €2,862 | €455 | -€2,407 | -84.1% |
| Other amounts payable | 47/48 | €93,149 | €39,646 | -€53,503 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €1,302 | +€965 | +286.3% |
| Other operating charges | 640/8 | €2,393 | €3,682 | +€1,289 | +53.9% |
| Non-recurring operating charges | 66A | €2,000 | €14,181 | +€12,181 | +609.0% |
| Gross operating margin | 9900 | €13,652 | -€9,933 | -€23,585 | |
| Operating profit (loss) | 9901 | €8,922 | -€29,097 | -€38,019 | |
| Financial income | 75/76B | €113 | €192 | +€79 | +69.6% |
| Recurring financial income | 75 | €113 | €192 | +€79 | +69.6% |
| Financial charges | 65/66B | €8,406 | €8,933 | +€527 | +6.3% |
| Recurring financial charges | 65 | €8,406 | €8,933 | +€527 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €629 | -€37,839 | -€38,467 | |
| Profit (loss) for the period | 9904 | €629 | -€37,839 | -€38,467 | |
| Profit (loss) for the period to be appropriated | 9905 | €629 | -€37,839 | -€38,467 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.