YAELMO: 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.
YAELMO
Largest movements
- Tangible fixed assets +€6.6m
up €6.6m (+103.4%), from €6.4m to €13.0m
of which Land and buildings: +€6.6m
- Reserves +€8.4m
up €8.4m (+23.8%), from €35.2m to €43.5m
of which Distributable reserves: +€8.4m
- Other debts -€1.1m
down €1.1m (-37.7%), from €2.9m to €1.8m
- Debts after one year -€679,682
down €679,682 (-17.6%), from €3.9m to €3.2m
- Financial income +€10.0m
up €10.0m (+36086.4%), from €27,636 to €10.0m
- Gross operating margin -€1.6m
down €1.6m (-96.3%), from €1.6m to €59,571
- Financial charges +€577,896
up €577,896 (+192.1%), from €300,812 to €878,708
of which Non-recurring financial charges: +€649,113
- Depreciation +€407,453
up €407,453 (+124.2%), from €328,189 to €735,641
- Taxes -€265,683
no longer reported in 2024 (was €265,683)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,157,870 | €51,601,437 | +€6.4m | +14.3% |
| Fixed assets | 21/28 | €42,252,396 | €48,887,215 | +€6.6m | +15.7% |
| Tangible fixed assets | 22/27 | €6,391,618 | €12,997,970 | +€6.6m | +103.4% |
| Land and buildings | 22 | €6,088,235 | €12,697,254 | +€6.6m | +108.6% |
| Furniture and vehicles | 24 | €303,384 | €300,716 | -€2,668 | -0.9% |
| Financial fixed assets | 28 | €35,860,777 | €35,889,244 | +€28,467 | +0.1% |
| Current assets | 29/58 | €2,905,474 | €2,714,223 | -€191,251 | -6.6% |
| Amounts receivable within one year | 40/41 | €554,292 | €336,896 | -€217,396 | -39.2% |
| Trade receivables | 40 | €251,777 | €134,938 | -€116,839 | -46.4% |
| Other amounts receivable | 41 | €302,514 | €201,958 | -€100,556 | -33.2% |
| Current investments | 50/53 | €2,290,251 | €2,328,751 | +€38,500 | +1.7% |
| Cash at bank and in hand | 54/58 | €53,381 | €41,062 | -€12,319 | -23.1% |
| Deferred charges and accrued income | 490/1 | €7,550 | €7,514 | -€36 | -0.5% |
| Total equity and liabilities | 10/49 | €45,157,870 | €51,601,437 | +€6.4m | +14.3% |
| Equity | 10/15 | €37,655,953 | €46,015,882 | +€8.4m | +22.2% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Capital | 10 | €2,500,000 | €2,500,000 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €35,155,444 | €43,515,444 | +€8.4m | +23.8% |
| Non-distributable reserves | 130/1 | €1,265,444 | €1,265,444 | = | 0.0% |
| Legal reserve | 130 | €1,265,444 | €1,265,444 | = | 0.0% |
| Distributable reserves | 133 | €33,890,000 | €42,250,000 | +€8.4m | +24.7% |
| Profit (loss) carried forward | 14 | €509 | €438 | -€71 | -13.9% |
| Amounts payable | 17/49 | €7,501,917 | €5,585,555 | -€1.9m | -25.5% |
| Amounts payable after more than one year | 17 | €3,859,821 | €3,180,140 | -€679,682 | -17.6% |
| Financial debts | 170/4 | €3,859,821 | €3,180,140 | -€679,682 | -17.6% |
| Amounts payable within one year | 42/48 | €3,567,330 | €2,386,386 | -€1.2m | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €331,479 | €417,503 | +€86,024 | +26.0% |
| Trade debts | 44 | €268,825 | €118,045 | -€150,780 | -56.1% |
| Suppliers | 440/4 | €268,825 | €118,045 | -€150,780 | -56.1% |
| Taxes, remuneration and social security | 45 | €77,870 | €51,585 | -€26,286 | -33.8% |
| Taxes | 450/3 | €77,870 | €51,585 | -€26,286 | -33.8% |
| Other amounts payable | 47/48 | €2,889,156 | €1,799,253 | -€1.1m | -37.7% |
| Accrued charges and deferred income | 492/3 | €74,765 | €19,030 | -€55,735 | -74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328,189 | €735,641 | +€407,453 | +124.2% |
| Other operating charges | 640/8 | €9,187 | €85,601 | +€76,414 | +831.8% |
| Gross operating margin | 9900 | €1,625,999 | €59,571 | -€1.6m | -96.3% |
| Operating profit (loss) | 9901 | €1,288,624 | -€761,672 | -€2.1m | |
| Financial income | 75/76B | €27,636 | €10,000,308 | +€10.0m | +36086.4% |
| Recurring financial income | 75 | €27,636 | €10,000,308 | +€10.0m | +36086.4% |
| Financial charges | 65/66B | €300,812 | €878,708 | +€577,896 | +192.1% |
| Recurring financial charges | 65 | €300,812 | €229,595 | -€71,217 | -23.7% |
| Non-recurring financial charges | 66B | - | €649,113 | +€649,113 | |
| Profit (loss) for the period before taxes | 9903 | €1,015,448 | €8,359,929 | +€7.3m | +723.3% |
| Income taxes | 67/77 | €265,683 | - | -€265,683 | |
| Profit (loss) for the period | 9904 | €749,764 | €8,359,929 | +€7.6m | +1015.0% |
| Profit (loss) for the period to be appropriated | 9905 | €749,764 | €8,359,929 | +€7.6m | +1015.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.