Gallery Ysebaert: 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.
Gallery Ysebaert
Largest movements
- Stocks and contracts +€153,526
up €153,526 (+950%), from €16,158 to €169,685
- Cash -€100,153
down €100,153 (-98.3%), from €101,904 to €1,751
mainly Investment in fixed assets (net) (-€153,965) and Stocks and contracts (-€153,526)
- Tangible fixed assets +€85,495
up €85,495 (+34.3%), from €249,493 to €334,989
of which Assets under construction and advance payments: +€104,052
- Receivables within one year -€29,029
down €29,029 (-25.3%), from €114,826 to €85,797
of which Trade receivables: -€34,645
- Other debts +€102,089
up €102,089 (+190%), from €53,656 to €155,746
- Accrued charges and deferred income -€39,083
down €39,083 (-71.6%), from €54,612 to €15,529
- Debts after one year +€36,583
up €36,583 (+19.2%), from €190,647 to €227,230
- Reserves +€23,000
up €23,000 (+20.7%), from €111,000 to €134,000
- Tax, wage and social debts -€7,533
down €7,533 (-37.7%), from €19,984 to €12,451
of which Taxes: -€7,533
- Depreciation -€32,430
down €32,430 (-31.1%), from €104,160 to €71,729
- Gross operating margin -€24,505
down €24,505 (-14.3%), from €171,453 to €146,949
- Financial charges +€4,296
up €4,296 (+47.3%), from €9,081 to €13,376
- Other operating charges +€2,211
up €2,211 (+102%), from €2,157 to €4,367
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 | €490,102 | €600,412 | +€110,310 | +22.5% |
| Fixed assets | 21/28 | €254,335 | €336,570 | +€82,236 | +32.3% |
| Intangible fixed assets | 21 | €4,841 | €1,582 | -€3,259 | -67.3% |
| Tangible fixed assets | 22/27 | €249,493 | €334,989 | +€85,495 | +34.3% |
| Land and buildings | 22 | €0 | €9,020 | +€9,020 | |
| Plant, machinery and equipment | 23 | €125,711 | €92,347 | -€33,365 | -26.5% |
| Furniture and vehicles | 24 | €1,822 | €7,610 | +€5,788 | +318% |
| Assets under construction and advance payments | 27 | €121,960 | €226,012 | +€104,052 | +85.3% |
| Current assets | 29/58 | €235,768 | €263,841 | +€28,074 | +11.9% |
| Stocks and contracts in progress | 3 | €16,158 | €169,685 | +€153,526 | +950% |
| Stocks | 30/36 | €16,158 | €169,685 | +€153,526 | +950% |
| Amounts receivable within one year | 40/41 | €114,826 | €85,797 | -€29,029 | -25.3% |
| Trade receivables | 40 | €114,826 | €80,181 | -€34,645 | -30.2% |
| Other amounts receivable | 41 | €0 | €5,616 | +€5,616 | |
| Cash at bank and in hand | 54/58 | €101,904 | €1,751 | -€100,153 | -98.3% |
| Deferred charges and accrued income | 490/1 | €2,880 | €6,609 | +€3,729 | +130% |
| Total equity and liabilities | 10/49 | €490,102 | €600,412 | +€110,310 | +22.5% |
| Equity | 10/15 | €116,000 | €139,000 | +€23,000 | +19.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €111,000 | €134,000 | +€23,000 | +20.7% |
| Distributable reserves | 133 | €111,000 | €134,000 | +€23,000 | +20.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €374,102 | €461,412 | +€87,310 | +23.3% |
| Amounts payable after more than one year | 17 | €190,647 | €227,230 | +€36,583 | +19.2% |
| Financial debts | 170/4 | €190,647 | €227,230 | +€36,583 | +19.2% |
| Amounts payable within one year | 42/48 | €128,843 | €218,653 | +€89,810 | +69.7% |
| Current portion of amounts payable after more than one year | 42 | €49,042 | €42,250 | -€6,792 | -13.9% |
| Trade debts | 44 | €6,160 | €8,206 | +€2,046 | +33.2% |
| Suppliers | 440/4 | €6,160 | €8,206 | +€2,046 | +33.2% |
| Taxes, remuneration and social security | 45 | €19,984 | €12,451 | -€7,533 | -37.7% |
| Taxes | 450/3 | €19,984 | €12,451 | -€7,533 | -37.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €53,656 | €155,746 | +€102,089 | +190% |
| Accrued charges and deferred income | 492/3 | €54,612 | €15,529 | -€39,083 | -71.6% |
| Non-recurring operating income | 76A | €1,421 | €6,585 | +€5,164 | +363% |
| Remuneration, social security and pensions | 62 | -€979 | €0 | +€979 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,160 | €71,729 | -€32,430 | -31.1% |
| Other operating charges | 640/8 | €2,157 | €4,367 | +€2,211 | +102% |
| Non-recurring operating charges | 66A | €7,638 | €24,468 | +€16,830 | +220% |
| Gross operating margin | 9900 | €171,453 | €146,949 | -€24,505 | -14.3% |
| Operating profit (loss) | 9901 | €58,477 | €46,383 | -€12,094 | -20.7% |
| Financial income | 75/76B | €139 | €507 | +€368 | +264% |
| Recurring financial income | 75 | €139 | €507 | +€368 | +264% |
| Financial charges | 65/66B | €9,081 | €13,376 | +€4,296 | +47.3% |
| Recurring financial charges | 65 | €9,081 | €13,376 | +€4,296 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €49,536 | €33,514 | -€16,021 | -32.3% |
| Income taxes | 67/77 | €11,576 | €10,384 | -€1,192 | -10.3% |
| Profit (loss) for the period | 9904 | €37,960 | €23,130 | -€14,829 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,960 | €23,130 | -€14,829 | -39.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.