Y.A.X. MANAGEMENT: 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.
Y.A.X. MANAGEMENT
Largest movements
- Cash -€36,483
down €36,483 (-44.6%), from €81,829 to €45,347
mainly Other debts (-€22,069) and Contributions, distributions and other (-€10,698)
- Receivables within one year +€8,805
up €8,805 (+505%), from €1,744 to €10,549
of which Trade receivables: +€9,136
- Tangible fixed assets -€2,976
down €2,976 (-28.3%), from €10,505 to €7,529
- Deferred charges and accrued income -€1,136
down €1,136 (-26.1%), from €4,357 to €3,221
- Other debts -€22,069
down €22,069 (-62.4%), from €35,360 to €13,291
- Reserves -€9,707
down €9,707 (-23.9%), from €40,662 to €30,955
- Gross operating margin -€17,549
down €17,549 (-66.8%), from €26,261 to €8,712
- Taxes -€2,085
down €2,085 (-64.1%), from €3,256 to €1,170
- Financial charges -€440
down €440 (-15.1%), from €2,911 to €2,472
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 | €98,436 | €66,646 | -€31,790 | -32.3% |
| Fixed assets | 21/28 | €10,505 | €7,529 | -€2,976 | -28.3% |
| Tangible fixed assets | 22/27 | €10,505 | €7,529 | -€2,976 | -28.3% |
| Furniture and vehicles | 24 | €10,505 | €7,529 | -€2,976 | -28.3% |
| Current assets | 29/58 | €87,931 | €59,116 | -€28,814 | -32.8% |
| Amounts receivable within one year | 40/41 | €1,744 | €10,549 | +€8,805 | +505% |
| Trade receivables | 40 | - | €9,136 | +€9,136 | |
| Other amounts receivable | 41 | €1,744 | €1,414 | -€331 | -19.0% |
| Cash at bank and in hand | 54/58 | €81,829 | €45,347 | -€36,483 | -44.6% |
| Deferred charges and accrued income | 490/1 | €4,357 | €3,221 | -€1,136 | -26.1% |
| Total equity and liabilities | 10/49 | €98,436 | €66,646 | -€31,790 | -32.3% |
| Equity | 10/15 | €53,062 | €43,355 | -€9,707 | -18.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €40,662 | €30,955 | -€9,707 | -23.9% |
| Distributable reserves | 133 | €40,662 | €30,955 | -€9,707 | -23.9% |
| Amounts payable | 17/49 | €45,373 | €23,291 | -€22,083 | -48.7% |
| Amounts payable within one year | 42/48 | €45,373 | €23,291 | -€22,083 | -48.7% |
| Trade debts | 44 | €1,376 | €1,655 | +€279 | +20.3% |
| Suppliers | 440/4 | €1,376 | €1,655 | +€279 | +20.3% |
| Taxes, remuneration and social security | 45 | €8,637 | €8,344 | -€293 | -3.4% |
| Taxes | 450/3 | €6,327 | €6,034 | -€293 | -4.6% |
| Remuneration and social security | 454/9 | €2,310 | €2,310 | = | 0.0% |
| Other amounts payable | 47/48 | €35,360 | €13,291 | -€22,069 | -62.4% |
| Non-recurring operating income | 76A | €17,055 | - | -€17,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,976 | €2,976 | = | 0.0% |
| Other operating charges | 640/8 | €896 | €1,104 | +€208 | +23.2% |
| Gross operating margin | 9900 | €26,261 | €8,712 | -€17,549 | -66.8% |
| Operating profit (loss) | 9901 | €22,390 | €4,633 | -€17,757 | -79.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,911 | €2,472 | -€440 | -15.1% |
| Recurring financial charges | 65 | €2,911 | €2,472 | -€440 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €19,479 | €2,161 | -€17,317 | -88.9% |
| Income taxes | 67/77 | €3,256 | €1,170 | -€2,085 | -64.1% |
| Profit (loss) for the period | 9904 | €16,223 | €991 | -€15,232 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,223 | €991 | -€15,232 | -93.9% |
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 24 October 2026 via checked.be.