YP PROJECT: 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.
YP PROJECT
Largest movements
- Cash +€3,371
up €3,371 (+161.7%), from €2,084 to €5,455
mainly Depreciation (+€2,490) and Net result for the year (+€2,117)
- Tangible fixed assets -€2,490
down €2,490 (-37.3%), from €6,668 to €4,179
of which Plant, machinery and equipment: -€2,060
- Receivables within one year +€637
up €637 (+23.1%), from €2,757 to €3,393
of which Other amounts receivable: +€2,963
- Deferred charges and accrued income +€489
up €489 (+657.4%), from €74 to €563
- Profit (loss) carried forward +€2,117
up €2,117 (+88.2%), from €2,401 to €4,518
- Trade debts -€1,740
down €1,740 (-83.0%), from €2,096 to €355
- Tax, wage and social debts +€1,140
up €1,140 (+27.9%), from €4,087 to €5,227
of which Remuneration and social security: +€1,200
- Other debts +€490
up €490, from €0 to €490
- Depreciation -€931
down €931 (-27.2%), from €3,421 to €2,490
- Other operating charges +€737
up €737 (+152.6%), from €483 to €1,221
- Gross operating margin -€309
down €309 (-4.4%), from €7,009 to €6,699
- Taxes +€108
up €108 (+17.2%), from €629 to €737
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.
Cash bridge derived
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 | €11,584 | €13,591 | +€2,007 | +17.3% |
| Fixed assets | 21/28 | €6,668 | €4,179 | -€2,490 | -37.3% |
| Tangible fixed assets | 22/27 | €6,668 | €4,179 | -€2,490 | -37.3% |
| Plant, machinery and equipment | 23 | €5,783 | €3,723 | -€2,060 | -35.6% |
| Furniture and vehicles | 24 | €885 | €455 | -€430 | -48.6% |
| Current assets | 29/58 | €4,915 | €9,412 | +€4,496 | +91.5% |
| Amounts receivable within one year | 40/41 | €2,757 | €3,393 | +€637 | +23.1% |
| Trade receivables | 40 | €2,757 | €430 | -€2,327 | -84.4% |
| Other amounts receivable | 41 | €0 | €2,963 | +€2,963 | |
| Cash at bank and in hand | 54/58 | €2,084 | €5,455 | +€3,371 | +161.7% |
| Deferred charges and accrued income | 490/1 | €74 | €563 | +€489 | +657.4% |
| Total equity and liabilities | 10/49 | €11,584 | €13,591 | +€2,007 | +17.3% |
| Equity | 10/15 | €5,401 | €7,518 | +€2,117 | +39.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,401 | €4,518 | +€2,117 | +88.2% |
| Amounts payable | 17/49 | €6,183 | €6,073 | -€110 | -1.8% |
| Amounts payable within one year | 42/48 | €6,183 | €6,073 | -€110 | -1.8% |
| Trade debts | 44 | €2,096 | €355 | -€1,740 | -83.0% |
| Suppliers | 440/4 | €2,096 | €355 | -€1,740 | -83.0% |
| Taxes, remuneration and social security | 45 | €4,087 | €5,227 | +€1,140 | +27.9% |
| Taxes | 450/3 | €4,087 | €4,027 | -€60 | -1.5% |
| Remuneration and social security | 454/9 | €0 | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €0 | €490 | +€490 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,421 | €2,490 | -€931 | -27.2% |
| Other operating charges | 640/8 | €483 | €1,221 | +€737 | +152.6% |
| Gross operating margin | 9900 | €7,009 | €6,699 | -€309 | -4.4% |
| Operating profit (loss) | 9901 | €3,104 | €2,989 | -€115 | -3.7% |
| Financial income | 75/76B | €1 | €0 | -€0 | -59.1% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -59.1% |
| Financial charges | 65/66B | €75 | €135 | +€60 | +80.5% |
| Recurring financial charges | 65 | €75 | €135 | +€60 | +80.5% |
| Profit (loss) for the period before taxes | 9903 | €3,030 | €2,854 | -€176 | -5.8% |
| Income taxes | 67/77 | €629 | €737 | +€108 | +17.2% |
| Profit (loss) for the period | 9904 | €2,401 | €2,117 | -€284 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,401 | €2,117 | -€284 | -11.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.