Y&S: 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&S
Largest movements
- Receivables within one year -€83,442
down €83,442 (-99.0%), from €84,253 to €811
of which Other amounts receivable: -€47,302
- Cash +€23,381
up €23,381 (+1236.7%), from €1,891 to €25,271
mainly Receivables within one year (+€83,442) and Depreciation (+€29,799)
- Deferred charges and accrued income +€19,809
up €19,809 (+10387.1%), from €191 to €20,000
- Tangible fixed assets -€14,767
down €14,767 (-1.8%), from €819,275 to €804,508
of which Land and buildings: -€13,720
- Debts after one year -€28,419
down €28,419 (-6.7%), from €427,186 to €398,767
- Accrued charges and deferred income -€25,500
no longer reported in 2025 (was €25,500)
- Tax, wage and social debts -€14,858
down €14,858 (-51.1%), from €29,081 to €14,223
- Trade debts -€13,988
down €13,988 (-78.1%), from €17,905 to €3,918
- Investment grants +€13,762
new in 2025: €13,762
- Gross operating margin -€43,348
down €43,348 (-42.5%), from €101,924 to €58,576
- Taxes -€12,988
down €12,988 (-83.2%), from €15,606 to €2,618
- Depreciation +€1,932
up €1,932 (+6.9%), from €27,867 to €29,799
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 | €905,609 | €850,590 | -€55,019 | -6.1% |
| Fixed assets | 21/28 | €819,275 | €804,508 | -€14,767 | -1.8% |
| Tangible fixed assets | 22/27 | €819,275 | €804,508 | -€14,767 | -1.8% |
| Land and buildings | 22 | €811,671 | €797,951 | -€13,720 | -1.7% |
| Plant, machinery and equipment | 23 | €5,539 | €4,947 | -€592 | -10.7% |
| Furniture and vehicles | 24 | €2,064 | €1,610 | -€454 | -22.0% |
| Current assets | 29/58 | €86,334 | €46,082 | -€40,252 | -46.6% |
| Amounts receivable within one year | 40/41 | €84,253 | €811 | -€83,442 | -99.0% |
| Trade receivables | 40 | €36,140 | - | -€36,140 | |
| Other amounts receivable | 41 | €48,113 | €811 | -€47,302 | -98.3% |
| Cash at bank and in hand | 54/58 | €1,891 | €25,271 | +€23,381 | +1236.7% |
| Deferred charges and accrued income | 490/1 | €191 | €20,000 | +€19,809 | +10387.1% |
| Total equity and liabilities | 10/49 | €905,609 | €850,590 | -€55,019 | -6.1% |
| Equity | 10/15 | €77,010 | €101,186 | +€24,176 | +31.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €67,010 | €77,425 | +€10,414 | +15.5% |
| Distributable reserves | 133 | €67,010 | €77,425 | +€10,414 | +15.5% |
| Investment grants | 15 | - | €13,762 | +€13,762 | |
| Amounts payable | 17/49 | €828,598 | €749,404 | -€79,195 | -9.6% |
| Amounts payable after more than one year | 17 | €427,186 | €398,767 | -€28,419 | -6.7% |
| Financial debts | 170/4 | €427,186 | €398,767 | -€28,419 | -6.7% |
| Amounts payable within one year | 42/48 | €375,912 | €350,637 | -€25,275 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €35,832 | €28,213 | -€7,619 | -21.3% |
| Trade debts | 44 | €17,905 | €3,918 | -€13,988 | -78.1% |
| Suppliers | 440/4 | €17,905 | €3,918 | -€13,988 | -78.1% |
| Taxes, remuneration and social security | 45 | €29,081 | €14,223 | -€14,858 | -51.1% |
| Taxes | 450/3 | €29,081 | €14,223 | -€14,858 | -51.1% |
| Other amounts payable | 47/48 | €293,094 | €304,283 | +€11,189 | +3.8% |
| Accrued charges and deferred income | 492/3 | €25,500 | - | -€25,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,867 | €29,799 | +€1,932 | +6.9% |
| Other operating charges | 640/8 | €843 | €226 | -€617 | -73.2% |
| Gross operating margin | 9900 | €101,924 | €58,576 | -€43,348 | -42.5% |
| Operating profit (loss) | 9901 | €73,215 | €28,551 | -€44,664 | -61.0% |
| Financial income | 75/76B | €0 | €573 | +€573 | +573310.0% |
| Recurring financial income | 75 | €0 | €573 | +€573 | +573310.0% |
| Financial charges | 65/66B | €15,430 | €16,092 | +€662 | +4.3% |
| Recurring financial charges | 65 | €15,430 | €16,092 | +€662 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €57,785 | €13,032 | -€44,753 | -77.4% |
| Income taxes | 67/77 | €15,606 | €2,618 | -€12,988 | -83.2% |
| Profit (loss) for the period | 9904 | €42,180 | €10,414 | -€31,766 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,180 | €10,414 | -€31,766 | -75.3% |
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 12 October 2026 via checked.be.