yager: 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.
yager
Largest movements
- Receivables within one year -€36,393
down €36,393 (-65.7%), from €55,426 to €19,033
of which Trade receivables: -€42,410
- Cash +€17,624
up €17,624 (+730%), from €2,416 to €20,040
mainly Receivables within one year (+€36,393) and Depreciation (+€12,019)
- Stocks and contracts -€5,060
down €5,060 (-23.1%), from €21,890 to €16,830
of which Stocks: -€3,360
- Deferred charges and accrued income +€4,892
up €4,892 (+524%), from €934 to €5,826
- Tangible fixed assets -€3,665
down €3,665 (-24.2%), from €15,148 to €11,483
of which Leasing and similar rights: -€6,838
- Other debts -€17,647
no longer reported in 2025 (was €17,647)
- Trade debts -€6,415
down €6,415 (-92.0%), from €6,970 to €555
- Profit (loss) carried forward +€6,026
up €6,026 (+471%), from €1,281 to €7,306
- Current portion of long-term debt -€5,427
no longer reported in 2025 (was €5,427)
- Gross operating margin -€14,757
down €14,757 (-41.4%), from €35,660 to €20,903
- Taxes -€3,177
down €3,177 (-65.1%), from €4,881 to €1,704
- Depreciation +€722
up €722 (+6.4%), from €11,297 to €12,019
- Financial charges -€493
down €493 (-62.8%), from €785 to €292
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 | €95,814 | €73,213 | -€22,602 | -23.6% |
| Fixed assets | 21/28 | €15,148 | €11,483 | -€3,665 | -24.2% |
| Tangible fixed assets | 22/27 | €15,148 | €11,483 | -€3,665 | -24.2% |
| Plant, machinery and equipment | 23 | €7,489 | €9,446 | +€1,957 | +26.1% |
| Furniture and vehicles | 24 | €821 | €2,037 | +€1,216 | +148% |
| Leasing and similar rights | 25 | €6,838 | - | -€6,838 | |
| Current assets | 29/58 | €80,666 | €61,729 | -€18,937 | -23.5% |
| Stocks and contracts in progress | 3 | €21,890 | €16,830 | -€5,060 | -23.1% |
| Stocks | 30/36 | €17,040 | €13,680 | -€3,360 | -19.7% |
| Contracts in progress | 37 | €4,850 | €3,150 | -€1,700 | -35.1% |
| Amounts receivable within one year | 40/41 | €55,426 | €19,033 | -€36,393 | -65.7% |
| Trade receivables | 40 | €50,692 | €8,283 | -€42,410 | -83.7% |
| Other amounts receivable | 41 | €4,734 | €10,750 | +€6,016 | +127% |
| Cash at bank and in hand | 54/58 | €2,416 | €20,040 | +€17,624 | +730% |
| Deferred charges and accrued income | 490/1 | €934 | €5,826 | +€4,892 | +524% |
| Total equity and liabilities | 10/49 | €95,814 | €73,213 | -€22,602 | -23.6% |
| Equity | 10/15 | €63,824 | €69,850 | +€6,026 | +9.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,544 | €42,544 | = | 0.0% |
| Distributable reserves | 133 | €42,544 | €42,544 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,281 | €7,306 | +€6,026 | +471% |
| Amounts payable | 17/49 | €31,990 | €3,363 | -€28,627 | -89.5% |
| Amounts payable within one year | 42/48 | €31,929 | €3,363 | -€28,566 | -89.5% |
| Current portion of amounts payable after more than one year | 42 | €5,427 | - | -€5,427 | |
| Trade debts | 44 | €6,970 | €555 | -€6,415 | -92.0% |
| Suppliers | 440/4 | €6,970 | €555 | -€6,415 | -92.0% |
| Taxes, remuneration and social security | 45 | €1,884 | €2,808 | +€923 | +49.0% |
| Taxes | 450/3 | €1,884 | €1,658 | -€227 | -12.0% |
| Remuneration and social security | 454/9 | - | €1,150 | +€1,150 | |
| Other amounts payable | 47/48 | €17,647 | - | -€17,647 | |
| Accrued charges and deferred income | 492/3 | €61 | - | -€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,297 | €12,019 | +€722 | +6.4% |
| Other operating charges | 640/8 | €760 | €878 | +€117 | +15.4% |
| Gross operating margin | 9900 | €35,660 | €20,903 | -€14,757 | -41.4% |
| Operating profit (loss) | 9901 | €23,603 | €8,006 | -€15,597 | -66.1% |
| Financial income | 75/76B | €7 | €16 | +€9 | +127% |
| Recurring financial income | 75 | €7 | €16 | +€9 | +127% |
| Financial charges | 65/66B | €785 | €292 | -€493 | -62.8% |
| Recurring financial charges | 65 | €785 | €292 | -€493 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | €22,824 | €7,730 | -€15,094 | -66.1% |
| Income taxes | 67/77 | €4,881 | €1,704 | -€3,177 | -65.1% |
| Profit (loss) for the period | 9904 | €17,943 | €6,026 | -€11,918 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,943 | €6,026 | -€11,918 | -66.4% |
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 17 October 2026 via checked.be.