ASSOCIATED EUN AND YAMAMOTO: what changed
ASSOCIATED EUN AND YAMAMOTO
Largest movements
- Receivables within one year +€9,050
up €9,050 (+30.5%), from €29,635 to €38,685
- Tangible fixed assets -€5,632
down €5,632 (-11.5%), from €48,831 to €43,199
of which Plant, machinery and equipment: -€3,463
- Cash -€4,594
down €4,594 (-44.3%), from €10,364 to €5,770
mainly Receivables within one year (-€9,050) and Debts after one year (-€7,425)
- Deferred charges and accrued income -€2,266
down €2,266 (-87.3%), from €2,595 to €329
- Profit (loss) carried forward +€7,576
up €7,576 (+13.7%), from -€55,427 to -€47,851
- Debts after one year -€7,425
down €7,425 (-8.0%), from €93,256 to €85,832
- Trade debts -€4,696
down €4,696 (-24.6%), from €19,086 to €14,390
- Staff costs -€55,600
down €55,600 (-44.8%), from €123,985 to €68,385
- Gross operating margin -€34,882
down €34,882 (-27.4%), from €127,274 to €92,392
- Financial charges -€2,425
down €2,425 (-28.6%), from €8,490 to €6,065
- Taxes +€1,648
new in 2025: €1,648
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 | €145,703 | €141,867 | -€3,836 | -2.6% |
| Fixed assets | 21/28 | €101,556 | €95,924 | -€5,632 | -5.5% |
| Tangible fixed assets | 22/27 | €48,831 | €43,199 | -€5,632 | -11.5% |
| Plant, machinery and equipment | 23 | €29,983 | €26,520 | -€3,463 | -11.6% |
| Furniture and vehicles | 24 | €18,847 | €16,679 | -€2,169 | -11.5% |
| Financial fixed assets | 28 | €52,725 | €52,725 | = | 0.0% |
| Current assets | 29/58 | €44,147 | €45,944 | +€1,797 | +4.1% |
| Stocks and contracts in progress | 3 | €1,553 | €1,159 | -€394 | -25.4% |
| Stocks | 30/36 | €1,553 | €1,159 | -€394 | -25.4% |
| Amounts receivable within one year | 40/41 | €29,635 | €38,685 | +€9,050 | +30.5% |
| Other amounts receivable | 41 | €29,635 | €38,685 | +€9,050 | +30.5% |
| Cash at bank and in hand | 54/58 | €10,364 | €5,770 | -€4,594 | -44.3% |
| Deferred charges and accrued income | 490/1 | €2,595 | €329 | -€2,266 | -87.3% |
| Total equity and liabilities | 10/49 | €145,703 | €141,867 | -€3,836 | -2.6% |
| Equity | 10/15 | €20,859 | €28,436 | +€7,576 | +36.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €57,694 | €57,694 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Other | 1319 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | €55,835 | €55,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,427 | -€47,851 | +€7,576 | +13.7% |
| Amounts payable | 17/49 | €124,844 | €113,432 | -€11,412 | -9.1% |
| Amounts payable after more than one year | 17 | €93,256 | €85,832 | -€7,425 | -8.0% |
| Financial debts | 170/4 | €93,256 | €85,832 | -€7,425 | -8.0% |
| Amounts payable within one year | 42/48 | €31,587 | €27,600 | -€3,987 | -12.6% |
| Trade debts | 44 | €19,086 | €14,390 | -€4,696 | -24.6% |
| Suppliers | 440/4 | €19,086 | €14,390 | -€4,696 | -24.6% |
| Taxes, remuneration and social security | 45 | €12,501 | €13,210 | +€709 | +5.7% |
| Taxes | 450/3 | €6,561 | €12,741 | +€6,181 | +94.2% |
| Remuneration and social security | 454/9 | €5,941 | €469 | -€5,472 | -92.1% |
| Remuneration, social security and pensions | 62 | €123,985 | €68,385 | -€55,600 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,632 | €5,632 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,630 | €3,094 | -€537 | -14.8% |
| Gross operating margin | 9900 | €127,274 | €92,392 | -€34,882 | -27.4% |
| Operating profit (loss) | 9901 | -€5,973 | €15,282 | +€21,255 | |
| Financial income | 75/76B | €0 | €7 | +€7 | +16,425% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +16,425% |
| Financial charges | 65/66B | €8,490 | €6,065 | -€2,425 | -28.6% |
| Recurring financial charges | 65 | €8,490 | €6,065 | -€2,425 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,463 | €9,224 | +€23,687 | |
| Income taxes | 67/77 | - | €1,648 | +€1,648 | |
| Profit (loss) for the period | 9904 | -€14,463 | €7,576 | +€22,039 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,463 | €7,576 | +€22,039 |
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 4 November 2026 via checked.be.