YAFIN: 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.
YAFIN
Largest movements
- Tangible fixed assets +€85,361
up €85,361 (+4.0%), from €2.1m to €2.2m
of which Land and buildings: +€89,399
- Cash -€32,187
down €32,187 (-74.9%), from €42,947 to €10,760
mainly Investment in fixed assets (net) (-€185,580) and Trade debts (-€61,173)
- Profit (loss) carried forward +€160,054
up €160,054 (+14.2%), from €1.1m to €1.3m
- Trade debts -€61,173
down €61,173 (-94.6%), from €64,694 to €3,520
- Tax, wage and social debts -€30,441
down €30,441 (-33.1%), from €91,898 to €61,458
of which Taxes: -€25,429
- Other debts -€25,839
down €25,839 (-12.0%), from €214,457 to €188,618
- Debts after one year -€23,082
down €23,082 (-4.0%), from €573,042 to €549,960
of which Financial debts: -€23,082
- Gross operating margin +€32,126
up €32,126 (+8.6%), from €372,347 to €404,473
- Depreciation +€18,440
up €18,440 (+22.5%), from €81,779 to €100,219
- Staff costs +€4,557
up €4,557 (+12.6%), from €36,172 to €40,729
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 | €2,210,809 | €2,239,841 | +€29,032 | +1.3% |
| Fixed assets | 21/28 | €2,133,256 | €2,218,617 | +€85,361 | +4.0% |
| Tangible fixed assets | 22/27 | €2,133,181 | €2,218,542 | +€85,361 | +4.0% |
| Land and buildings | 22 | €2,110,232 | €2,199,631 | +€89,399 | +4.2% |
| Plant, machinery and equipment | 23 | €3,835 | €4,550 | +€715 | +18.6% |
| Furniture and vehicles | 24 | €19,114 | €14,361 | -€4,753 | -24.9% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €77,553 | €21,224 | -€56,329 | -72.6% |
| Amounts receivable within one year | 40/41 | €23,357 | €8,911 | -€14,446 | -61.8% |
| Trade receivables | 40 | €23,357 | €4,225 | -€19,132 | -81.9% |
| Other amounts receivable | 41 | - | €4,686 | +€4,686 | |
| Cash at bank and in hand | 54/58 | €42,947 | €10,760 | -€32,187 | -74.9% |
| Deferred charges and accrued income | 490/1 | €11,249 | €1,553 | -€9,696 | -86.2% |
| Total equity and liabilities | 10/49 | €2,210,809 | €2,239,841 | +€29,032 | +1.3% |
| Equity | 10/15 | €1,205,969 | €1,366,023 | +€160,054 | +13.3% |
| Reserves | 13 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,130,969 | €1,291,023 | +€160,054 | +14.2% |
| Amounts payable | 17/49 | €1,004,840 | €873,818 | -€131,022 | -13.0% |
| Amounts payable after more than one year | 17 | €573,042 | €549,960 | -€23,082 | -4.0% |
| Financial debts | 170/4 | €569,792 | €546,710 | -€23,082 | -4.1% |
| Other amounts payable | 178/9 | €3,250 | €3,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €431,798 | €323,858 | -€107,940 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €60,750 | €63,236 | +€2,486 | +4.1% |
| Financial debts | 43 | - | €7,026 | +€7,026 | |
| Credit institutions | 430/8 | - | €7,026 | +€7,026 | |
| Trade debts | 44 | €64,694 | €3,520 | -€61,173 | -94.6% |
| Suppliers | 440/4 | €64,694 | €3,520 | -€61,173 | -94.6% |
| Taxes, remuneration and social security | 45 | €91,898 | €61,458 | -€30,441 | -33.1% |
| Taxes | 450/3 | €86,886 | €61,458 | -€25,429 | -29.3% |
| Remuneration and social security | 454/9 | €5,012 | - | -€5,012 | |
| Other amounts payable | 47/48 | €214,457 | €188,618 | -€25,839 | -12.0% |
| Remuneration, social security and pensions | 62 | €36,172 | €40,729 | +€4,557 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,779 | €100,219 | +€18,440 | +22.5% |
| Other operating charges | 640/8 | €7,948 | €10,328 | +€2,379 | +29.9% |
| Gross operating margin | 9900 | €372,347 | €404,473 | +€32,126 | +8.6% |
| Operating profit (loss) | 9901 | €246,447 | €253,197 | +€6,750 | +2.7% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.5% |
| Financial charges | 65/66B | €27,442 | €25,706 | -€1,736 | -6.3% |
| Recurring financial charges | 65 | €27,442 | €25,706 | -€1,736 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €219,007 | €227,491 | +€8,484 | +3.9% |
| Income taxes | 67/77 | €66,098 | €67,437 | +€1,339 | +2.0% |
| Profit (loss) for the period | 9904 | €152,909 | €160,054 | +€7,145 | +4.7% |
| Transfer from tax-exempt reserves | 789 | €1,860 | - | -€1,860 | |
| Profit (loss) for the period to be appropriated | 9905 | €154,769 | €160,054 | +€5,285 | +3.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.