Y.G.T. Construct: what changed
Y.G.T. Construct
Largest movements
- Receivables within one year +€130,880
up €130,880 (+316%), from €41,452 to €172,332
of which Trade receivables: +€122,497
- Cash -€84,380
down €84,380 (-80.3%), from €105,052 to €20,673
mainly Receivables within one year (-€130,880) and Contributions, distributions and other (-€58,824)
- Tangible fixed assets -€14,719
down €14,719 (-15.5%), from €94,767 to €80,047
of which Furniture and vehicles: -€8,108
- Stocks and contracts -€12,365
down €12,365 (-40.6%), from €30,456 to €18,092
of which Contracts in progress: -€12,065
- Reserves +€59,731
up €59,731 (+56.5%), from €105,704 to €165,435
of which Distributable reserves: +€59,731
- Tax, wage and social debts -€55,712
down €55,712 (-76.2%), from €73,103 to €17,391
of which Taxes: -€29,851
- Trade debts +€22,086
up €22,086 (+23.4%), from €94,396 to €116,482
- Current portion of long-term debt -€10,334
no longer reported in 2025 (was €10,334)
- Gross operating margin +€98,872
up €98,872 (+110%), from €89,526 to €188,398
- Taxes +€24,556
up €24,556 (+223%), from €11,005 to €35,561
- Depreciation -€11,538
down €11,538 (-24.8%), from €46,465 to €34,926
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 | €329,411 | €346,472 | +€17,061 | +5.2% |
| Fixed assets | 21/28 | €97,074 | €82,354 | -€14,719 | -15.2% |
| Tangible fixed assets | 22/27 | €94,767 | €80,047 | -€14,719 | -15.5% |
| Plant, machinery and equipment | 23 | €69,703 | €63,092 | -€6,611 | -9.5% |
| Furniture and vehicles | 24 | €25,064 | €16,956 | -€8,108 | -32.3% |
| Financial fixed assets | 28 | €2,307 | €2,307 | = | 0.0% |
| Current assets | 29/58 | €232,337 | €264,118 | +€31,781 | +13.7% |
| Stocks and contracts in progress | 3 | €30,456 | €18,092 | -€12,365 | -40.6% |
| Stocks | 30/36 | €1,535 | €1,235 | -€300 | -19.5% |
| Contracts in progress | 37 | €28,921 | €16,857 | -€12,065 | -41.7% |
| Amounts receivable within one year | 40/41 | €41,452 | €172,332 | +€130,880 | +316% |
| Trade receivables | 40 | €19,912 | €142,409 | +€122,497 | +615% |
| Other amounts receivable | 41 | €21,539 | €29,923 | +€8,384 | +38.9% |
| Current investments | 50/53 | €44,100 | €44,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €105,052 | €20,673 | -€84,380 | -80.3% |
| Deferred charges and accrued income | 490/1 | €11,277 | €8,922 | -€2,355 | -20.9% |
| Total equity and liabilities | 10/49 | €329,411 | €346,472 | +€17,061 | +5.2% |
| Equity | 10/15 | €124,304 | €184,035 | +€59,731 | +48.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,704 | €165,435 | +€59,731 | +56.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €103,844 | €163,575 | +€59,731 | +57.5% |
| Amounts payable | 17/49 | €205,107 | €162,437 | -€42,670 | -20.8% |
| Amounts payable within one year | 42/48 | €205,107 | €162,437 | -€42,670 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €10,334 | - | -€10,334 | |
| Trade debts | 44 | €94,396 | €116,482 | +€22,086 | +23.4% |
| Suppliers | 440/4 | €94,396 | €116,482 | +€22,086 | +23.4% |
| Taxes, remuneration and social security | 45 | €73,103 | €17,391 | -€55,712 | -76.2% |
| Taxes | 450/3 | €45,241 | €15,391 | -€29,851 | -66.0% |
| Remuneration and social security | 454/9 | €27,861 | €2,000 | -€25,861 | -92.8% |
| Other amounts payable | 47/48 | €27,274 | €28,565 | +€1,291 | +4.7% |
| Remuneration, social security and pensions | 62 | €1,338 | - | -€1,338 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,465 | €34,926 | -€11,538 | -24.8% |
| Other operating charges | 640/8 | €2,696 | €1,567 | -€1,129 | -41.9% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €89,526 | €188,398 | +€98,872 | +110% |
| Operating profit (loss) | 9901 | €38,777 | €151,905 | +€113,127 | +292% |
| Financial income | 75/76B | €2,201 | €3,766 | +€1,565 | +71.1% |
| Recurring financial income | 75 | €2,201 | €3,766 | +€1,565 | +71.1% |
| Financial charges | 65/66B | €589 | €1,556 | +€966 | +164% |
| Recurring financial charges | 65 | €589 | €1,556 | +€966 | +164% |
| Profit (loss) for the period before taxes | 9903 | €40,389 | €154,115 | +€113,726 | +282% |
| Income taxes | 67/77 | €11,005 | €35,561 | +€24,556 | +223% |
| Profit (loss) for the period | 9904 | €29,384 | €118,555 | +€89,171 | +303% |
| Profit (loss) for the period to be appropriated | 9905 | €29,384 | €118,555 | +€89,171 | +303% |
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 6 November 2026 via checked.be.