YACR: 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.
YACR
Largest movements
- Current investments +€63,518
up €63,518 (+32.6%), from €194,820 to €258,338
- Receivables within one year +€18,511
up €18,511 (+29.7%), from €62,319 to €80,830
of which Trade receivables: +€21,080
- Cash +€8,839
up €8,839 (+4.4%), from €199,425 to €208,264
mainly Net result for the year (+€88,737) and Depreciation (+€6,892)
- Profit (loss) carried forward +€88,737
up €88,737 (+21.3%), from €417,172 to €505,909
- Financial income -€42,809
down €42,809 (-93.6%), from €45,714 to €2,905
- Depreciation -€17,736
down €17,736 (-72.0%), from €24,628 to €6,892
- Gross operating margin +€10,457
up €10,457 (+9.3%), from €112,288 to €122,745
- Taxes -€4,879
down €4,879 (-16.9%), from €28,848 to €23,969
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 | €478,350 | €568,205 | +€89,855 | +18.8% |
| Fixed assets | 21/28 | €21,279 | €17,283 | -€3,996 | -18.8% |
| Tangible fixed assets | 22/27 | €21,254 | €17,258 | -€3,996 | -18.8% |
| Land and buildings | 22 | €12,902 | €10,147 | -€2,755 | -21.4% |
| Plant, machinery and equipment | 23 | €2,640 | €3,313 | +€673 | +25.5% |
| Furniture and vehicles | 24 | €5,712 | €3,798 | -€1,914 | -33.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €457,071 | €550,922 | +€93,851 | +20.5% |
| Amounts receivable within one year | 40/41 | €62,319 | €80,830 | +€18,511 | +29.7% |
| Trade receivables | 40 | €19,549 | €40,628 | +€21,080 | +108% |
| Other amounts receivable | 41 | €42,770 | €40,202 | -€2,569 | -6.0% |
| Current investments | 50/53 | €194,820 | €258,338 | +€63,518 | +32.6% |
| Cash at bank and in hand | 54/58 | €199,425 | €208,264 | +€8,839 | +4.4% |
| Deferred charges and accrued income | 490/1 | €507 | €3,490 | +€2,984 | +589% |
| Total equity and liabilities | 10/49 | €478,350 | €568,205 | +€89,855 | +18.8% |
| Equity | 10/15 | €437,632 | €526,369 | +€88,737 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €417,172 | €505,909 | +€88,737 | +21.3% |
| Amounts payable | 17/49 | €40,717 | €41,835 | +€1,118 | +2.7% |
| Amounts payable within one year | 42/48 | €40,717 | €41,835 | +€1,118 | +2.7% |
| Trade debts | 44 | €3,072 | €5,237 | +€2,165 | +70.5% |
| Suppliers | 440/4 | €3,072 | €5,237 | +€2,165 | +70.5% |
| Taxes, remuneration and social security | 45 | €32,226 | €32,356 | +€130 | +0.4% |
| Taxes | 450/3 | €22,674 | €17,881 | -€4,792 | -21.1% |
| Remuneration and social security | 454/9 | €9,552 | €14,474 | +€4,922 | +51.5% |
| Other amounts payable | 47/48 | €5,420 | €4,243 | -€1,177 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,628 | €6,892 | -€17,736 | -72.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Non-recurring operating charges | 66A | - | €709 | +€709 | |
| Gross operating margin | 9900 | €112,288 | €122,745 | +€10,457 | +9.3% |
| Operating profit (loss) | 9901 | €87,133 | €114,600 | +€27,468 | +31.5% |
| Financial income | 75/76B | €45,714 | €2,905 | -€42,809 | -93.6% |
| Recurring financial income | 75 | €45,714 | €2,905 | -€42,809 | -93.6% |
| Financial charges | 65/66B | €4,213 | €4,800 | +€587 | +13.9% |
| Recurring financial charges | 65 | €4,213 | €4,800 | +€587 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €128,635 | €112,706 | -€15,928 | -12.4% |
| Income taxes | 67/77 | €28,848 | €23,969 | -€4,879 | -16.9% |
| Profit (loss) for the period | 9904 | €99,787 | €88,737 | -€11,050 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €99,787 | €88,737 | -€11,050 | -11.1% |
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 20 October 2026 via checked.be.