Y.E.S.: 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.
Y.E.S.
Largest movements
- Financial fixed assets +€12,000
new in 2025: €12,000
- Cash -€6,027
down €6,027 (-64.6%), from €9,334 to €3,307
mainly Investment in fixed assets (net) (-€26,439) and Other debts (-€11,097)
- Deferred charges and accrued income +€5,539
up €5,539 (+342.2%), from €1,619 to €7,158
- Receivables within one year -€5,080
down €5,080 (-8.8%), from €57,589 to €52,509
- Tangible fixed assets +€2,685
up €2,685 (+5.0%), from €53,458 to €56,143
of which Plant, machinery and equipment: +€6,034
- Tax, wage and social debts +€14,113
up €14,113 (+104.6%), from €13,495 to €27,608
- Other debts -€11,097
down €11,097 (-19.1%), from €58,000 to €46,902
- Reserves +€8,505
up €8,505 (+19.4%), from €43,855 to €52,361
- Trade debts -€4,138
down €4,138 (-71.9%), from €5,754 to €1,616
- Other operating charges -€26,864
down €26,864 (-69.1%), from €38,894 to €12,030
- Gross operating margin -€22,389
down €22,389 (-35.6%), from €62,906 to €40,517
- Depreciation +€3,426
up €3,426 (+34.0%), from €10,063 to €13,489
- Taxes +€2,424
up €2,424 (+71.0%), from €3,415 to €5,838
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 | €126,189 | €133,571 | +€7,382 | +5.9% |
| Fixed assets | 21/28 | €57,647 | €70,597 | +€12,950 | +22.5% |
| Intangible fixed assets | 21 | €4,189 | €2,454 | -€1,736 | -41.4% |
| Tangible fixed assets | 22/27 | €53,458 | €56,143 | +€2,685 | +5.0% |
| Plant, machinery and equipment | 23 | €34,321 | €40,355 | +€6,034 | +17.6% |
| Furniture and vehicles | 24 | €2,645 | €2,628 | -€17 | -0.6% |
| Other tangible fixed assets | 26 | €16,492 | €13,160 | -€3,332 | -20.2% |
| Financial fixed assets | 28 | - | €12,000 | +€12,000 | |
| Current assets | 29/58 | €68,542 | €62,974 | -€5,567 | -8.1% |
| Amounts receivable within one year | 40/41 | €57,589 | €52,509 | -€5,080 | -8.8% |
| Trade receivables | 40 | €57,589 | €52,509 | -€5,080 | -8.8% |
| Cash at bank and in hand | 54/58 | €9,334 | €3,307 | -€6,027 | -64.6% |
| Deferred charges and accrued income | 490/1 | €1,619 | €7,158 | +€5,539 | +342.2% |
| Total equity and liabilities | 10/49 | €126,189 | €133,571 | +€7,382 | +5.9% |
| Equity | 10/15 | €48,940 | €57,445 | +€8,505 | +17.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,855 | €52,361 | +€8,505 | +19.4% |
| Distributable reserves | 133 | €43,855 | €52,361 | +€8,505 | +19.4% |
| Profit (loss) carried forward | 14 | €85 | €85 | = | 0.0% |
| Amounts payable | 17/49 | €77,249 | €76,126 | -€1,123 | -1.5% |
| Amounts payable within one year | 42/48 | €77,249 | €76,126 | -€1,123 | -1.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,754 | €1,616 | -€4,138 | -71.9% |
| Suppliers | 440/4 | €5,754 | €1,616 | -€4,138 | -71.9% |
| Taxes, remuneration and social security | 45 | €13,495 | €27,608 | +€14,113 | +104.6% |
| Taxes | 450/3 | €13,495 | €27,608 | +€14,113 | +104.6% |
| Other amounts payable | 47/48 | €58,000 | €46,902 | -€11,097 | -19.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,063 | €13,489 | +€3,426 | +34.0% |
| Other operating charges | 640/8 | €38,894 | €12,030 | -€26,864 | -69.1% |
| Gross operating margin | 9900 | €62,906 | €40,517 | -€22,389 | -35.6% |
| Operating profit (loss) | 9901 | €13,949 | €14,998 | +€1,050 | +7.5% |
| Financial income | 75/76B | €44 | €0 | -€44 | -100.0% |
| Recurring financial income | 75 | €44 | €0 | -€44 | -100.0% |
| Financial charges | 65/66B | €349 | €655 | +€305 | +87.4% |
| Recurring financial charges | 65 | €349 | €655 | +€305 | +87.4% |
| Profit (loss) for the period before taxes | 9903 | €13,643 | €14,343 | +€700 | +5.1% |
| Income taxes | 67/77 | €3,415 | €5,838 | +€2,424 | +71.0% |
| Profit (loss) for the period | 9904 | €10,229 | €8,505 | -€1,724 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,229 | €8,505 | -€1,724 | -16.8% |
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 8 October 2026 via checked.be.