Y&E INVEST: 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&E INVEST
Largest movements
- Tangible fixed assets -€111,642
down €111,642 (-7.3%), from €1.5m to €1.4m
of which Land and buildings: -€105,017
- Receivables within one year -€44,864
down €44,864 (-48.9%), from €91,740 to €46,875
of which Trade receivables: -€44,861
- Deferred charges and accrued income +€34,670
up €34,670 (+3,649%), from €950 to €35,620
- Current investments +€20,968
up €20,968 (+11.7%), from €178,711 to €199,679
- Other debts -€166,459
down €166,459 (-25.6%), from €649,907 to €483,448
- Reserves +€113,059
up €113,059 (+39.4%), from €287,175 to €400,234
- Debts after one year -€42,278
down €42,278 (-11.6%), from €365,606 to €323,329
- Tax, wage and social debts +€42,020
up €42,020 (+80.9%), from €51,960 to €93,980
- Financial charges -€28,005
down €28,005 (-48.7%), from €57,552 to €29,547
- Gross operating margin -€26,021
down €26,021 (-8.0%), from €324,219 to €298,198
- Other operating charges -€14,200
down €14,200 (-79.6%), from €17,846 to €3,646
- Depreciation -€12,763
down €12,763 (-10.3%), from €124,405 to €111,642
- Taxes +€7,302
up €7,302 (+22.1%), from €33,026 to €40,328
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 | €1,991,903 | €1,905,829 | -€86,074 | -4.3% |
| Fixed assets | 21/28 | €1,708,609 | €1,596,967 | -€111,642 | -6.5% |
| Tangible fixed assets | 22/27 | €1,528,134 | €1,416,492 | -€111,642 | -7.3% |
| Land and buildings | 22 | €1,341,995 | €1,236,979 | -€105,017 | -7.8% |
| Plant, machinery and equipment | 23 | €3,306 | €1,772 | -€1,534 | -46.4% |
| Furniture and vehicles | 24 | €20,787 | €15,696 | -€5,091 | -24.5% |
| Other tangible fixed assets | 26 | €162,046 | €162,046 | = | 0.0% |
| Financial fixed assets | 28 | €180,475 | €180,475 | = | 0.0% |
| Current assets | 29/58 | €283,293 | €308,861 | +€25,568 | +9.0% |
| Amounts receivable within one year | 40/41 | €91,740 | €46,875 | -€44,864 | -48.9% |
| Trade receivables | 40 | €91,736 | €46,875 | -€44,861 | -48.9% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Current investments | 50/53 | €178,711 | €199,679 | +€20,968 | +11.7% |
| Cash at bank and in hand | 54/58 | €11,892 | €26,687 | +€14,794 | +124% |
| Deferred charges and accrued income | 490/1 | €950 | €35,620 | +€34,670 | +3,649% |
| Total equity and liabilities | 10/49 | €1,991,903 | €1,905,829 | -€86,074 | -4.3% |
| Equity | 10/15 | €787,175 | €900,234 | +€113,059 | +14.4% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €287,175 | €400,234 | +€113,059 | +39.4% |
| Distributable reserves | 133 | €287,175 | €400,234 | +€113,059 | +39.4% |
| Amounts payable | 17/49 | €1,204,728 | €1,005,595 | -€199,133 | -16.5% |
| Amounts payable after more than one year | 17 | €365,606 | €323,329 | -€42,278 | -11.6% |
| Financial debts | 170/4 | €365,606 | €323,329 | -€42,278 | -11.6% |
| Amounts payable within one year | 42/48 | €802,458 | €662,462 | -€139,996 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €42,097 | €42,278 | +€181 | +0.4% |
| Trade debts | 44 | €58,493 | €42,756 | -€15,737 | -26.9% |
| Suppliers | 440/4 | €58,493 | €42,756 | -€15,737 | -26.9% |
| Taxes, remuneration and social security | 45 | €51,960 | €93,980 | +€42,020 | +80.9% |
| Taxes | 450/3 | €51,960 | €93,980 | +€42,020 | +80.9% |
| Other amounts payable | 47/48 | €649,907 | €483,448 | -€166,459 | -25.6% |
| Accrued charges and deferred income | 492/3 | €36,664 | €19,805 | -€16,860 | -46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,405 | €111,642 | -€12,763 | -10.3% |
| Other operating charges | 640/8 | €17,846 | €3,646 | -€14,200 | -79.6% |
| Gross operating margin | 9900 | €324,219 | €298,198 | -€26,021 | -8.0% |
| Operating profit (loss) | 9901 | €181,968 | €182,910 | +€943 | +0.5% |
| Financial income | 75/76B | €429 | €24 | -€405 | -94.4% |
| Recurring financial income | 75 | €429 | €24 | -€405 | -94.4% |
| Financial charges | 65/66B | €57,552 | €29,547 | -€28,005 | -48.7% |
| Recurring financial charges | 65 | €57,552 | €29,547 | -€28,005 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €124,845 | €153,387 | +€28,542 | +22.9% |
| Income taxes | 67/77 | €33,026 | €40,328 | +€7,302 | +22.1% |
| Profit (loss) for the period | 9904 | €91,818 | €113,059 | +€21,241 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,818 | €113,059 | +€21,241 | +23.1% |
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 22 October 2026 via checked.be.