YAFTHEE: 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.
YAFTHEE
Largest movements
- Stocks and contracts +€24,957
up €24,957 (+53.4%), from €46,728 to €71,686
- Receivables within one year +€16,245
up €16,245 (+42.7%), from €38,047 to €54,291
of which Other amounts receivable: +€9,910
- Cash -€14,593
down €14,593 (-22.0%), from €66,337 to €51,744
mainly Trade debts (-€32,052) and Investment in fixed assets (net) (-€30,336)
- Tangible fixed assets -€4,029
down €4,029 (-28.2%), from €14,292 to €10,263
of which Furniture and vehicles: -€3,959
- Deferred charges and accrued income +€3,995
new in 2025: €3,995
- Trade debts -€32,052
down €32,052 (-76.4%), from €41,934 to €9,882
- Reserves +€30,000
up €30,000 (+1,596%), from €1,880 to €31,880
of which Distributable reserves: +€30,000
- Tax, wage and social debts +€26,860
up €26,860 (+108%), from €24,770 to €51,630
of which Taxes: +€17,551
- Gross operating margin +€69,690
up €69,690 (+33.9%), from €205,705 to €275,395
- Purchases and services -€64,694
down €64,694 (-4.4%), from €1.5m to €1.4m
- Depreciation +€28,909
up €28,909 (+530%), from €5,456 to €34,365
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 | €227,405 | €253,980 | +€26,575 | +11.7% |
| Fixed assets | 21/28 | €14,292 | €10,263 | -€4,029 | -28.2% |
| Tangible fixed assets | 22/27 | €14,292 | €10,263 | -€4,029 | -28.2% |
| Plant, machinery and equipment | 23 | €70 | - | -€70 | |
| Furniture and vehicles | 24 | €14,222 | €10,263 | -€3,959 | -27.8% |
| Current assets | 29/58 | €213,113 | €243,717 | +€30,604 | +14.4% |
| Amounts receivable after more than one year | 29 | €62,000 | €62,000 | = | 0.0% |
| Other amounts receivable | 291 | €62,000 | €62,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €46,728 | €71,686 | +€24,957 | +53.4% |
| Stocks | 30/36 | €46,728 | €71,686 | +€24,957 | +53.4% |
| Amounts receivable within one year | 40/41 | €38,047 | €54,291 | +€16,245 | +42.7% |
| Trade receivables | 40 | €554 | €6,888 | +€6,334 | +1,144% |
| Other amounts receivable | 41 | €37,493 | €47,403 | +€9,910 | +26.4% |
| Cash at bank and in hand | 54/58 | €66,337 | €51,744 | -€14,593 | -22.0% |
| Deferred charges and accrued income | 490/1 | - | €3,995 | +€3,995 | |
| Total equity and liabilities | 10/49 | €227,405 | €253,980 | +€26,575 | +11.7% |
| Equity | 10/15 | €160,701 | €192,468 | +€31,767 | +19.8% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €1,880 | €31,880 | +€30,000 | +1,596% |
| Non-distributable reserves | 130/1 | €1,880 | €1,880 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,880 | €1,880 | = | 0.0% |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €152,421 | €154,188 | +€1,767 | +1.2% |
| Amounts payable | 17/49 | €66,704 | €61,512 | -€5,192 | -7.8% |
| Amounts payable within one year | 42/48 | €66,704 | €61,512 | -€5,192 | -7.8% |
| Trade debts | 44 | €41,934 | €9,882 | -€32,052 | -76.4% |
| Suppliers | 440/4 | €41,934 | €9,882 | -€32,052 | -76.4% |
| Taxes, remuneration and social security | 45 | €24,770 | €51,630 | +€26,860 | +108% |
| Taxes | 450/3 | €2,500 | €20,051 | +€17,551 | +702% |
| Remuneration and social security | 454/9 | €22,270 | €31,579 | +€9,309 | +41.8% |
| Turnover | 70 | €1,665,504 | €1,673,754 | +€8,251 | +0.5% |
| Non-recurring operating income | 76A | €227 | €392 | +€165 | +72.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,484,718 | €1,420,024 | -€64,694 | -4.4% |
| Remuneration, social security and pensions | 62 | €185,644 | €187,350 | +€1,706 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,456 | €34,365 | +€28,909 | +530% |
| Other operating charges | 640/8 | €3,336 | €2,758 | -€578 | -17.3% |
| Non-recurring operating charges | 66A | €3,095 | €2,436 | -€659 | -21.3% |
| Gross operating margin | 9900 | €205,705 | €275,395 | +€69,690 | +33.9% |
| Operating profit (loss) | 9901 | €8,175 | €48,486 | +€40,312 | +493% |
| Financial charges | 65/66B | €3,805 | €1,239 | -€2,566 | -67.4% |
| Recurring financial charges | 65 | €3,805 | €1,239 | -€2,566 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | €4,369 | €47,247 | +€42,878 | +981% |
| Income taxes | 67/77 | €1,980 | €15,480 | +€13,500 | +682% |
| Profit (loss) for the period | 9904 | €2,390 | €31,767 | +€29,378 | +1,229% |
| Profit (loss) for the period to be appropriated | 9905 | €2,390 | €31,767 | +€29,378 | +1,229% |
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 22 October 2026 via checked.be.