YAGO: 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.
What changed
YAGO
NACE 65.121, Insurance, reinsurance and pension funding, except compulsory social security
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€89,400
2024 · -€1.9m+€2.0m
Equity
€404,334
2024 · €314,934+€89,400
Cash
€739,901
2024 · €1.1m-€335,163
Balance sheet total
€10.2m
2024 · €7.1m+€3.1m
Largest movements
Assets
- Financial fixed assets +€3.1m
up €3.1m (+101.3%), from €3.0m to €6.1m
of which Affiliated companies: +€6.1m
- Cash -€335,163
down €335,163 (-31.2%), from €1.1m to €739,901
mainly Investment in fixed assets (net) (-€3.6m) and Receivables within one year (-€297,031)
- Receivables within one year +€297,031
up €297,031 (+19.8%), from €1.5m to €1.8m
of which Trade receivables: +€336,599
Equity and liabilities
- Debts after one year +€2.3m
up €2.3m (+46.1%), from €4.9m to €7.2m
- Trade debts +€306,145
up €306,145 (+212.9%), from €143,773 to €449,918
- Current portion of long-term debt +€303,359
up €303,359 (+44.8%), from €676,542 to €979,900
- Other debts +€136,568
up €136,568 (+20.8%), from €656,613 to €793,181
Income statement
- Turnover +€5.8m
new in 2025: €5.8m
- Services and other goods +€2.4m
new in 2025: €2.4m
- Gross operating margin -€1.5m
no longer reported in 2025 (was €1.5m)
- Financial income +€506,014
up €506,014 (+75509.9%), from €670 to €506,684
- Staff costs +€433,002
up €433,002 (+15.0%), from €2.9m to €3.3m
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.
Result 2024
-€1.9m
Turnover
+€5.8m
Other operating income
+€414,393
Goods and materials
-€387,699
Services and other goods
-€2.4m
Staff costs
-€433,002
Depreciation
-€101,374
Write-downs
+€334
Other operating charges
-€28,770
Other operating items
-€1.2m
Financial income
+€506,014
Financial charges
-€177,525
Taxes
-€2,827
Result 2025
€89,400
Cash bridge derived
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.
From operations
+€648,409
Investment
-€3.6m
Financing
+€2.6m
Cash 2024
€1.1m
From operations (derived)
+€648,409
Net result for the year
+€89,400
Depreciation
+€509,393
Receivables within one year
-€297,031
Deferred charges and accrued income
-€67,238
Trade debts
+€306,145
Tax, wage and social debts
-€88,328
Advances received
-€500
Other debts
+€136,568
Accrued charges and deferred income
+€60,000
Investment (derived)
-€3.6m
Investment in fixed assets (net)
-€3.6m
Financing
+€2.6m
Debts after one year
+€2.3m
Current portion of long-term debt
+€303,359
Cash 2025
€739,901
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,147,474 | €10,225,024 | +€3.1m | +43.1% |
| Fixed assets | 21/28 | €4,519,654 | €7,568,099 | +€3.0m | +67.4% |
| Intangible fixed assets | 21 | €1,337,449 | €1,308,459 | -€28,990 | -2.2% |
| Tangible fixed assets | 22/27 | €147,842 | €152,276 | +€4,434 | +3.0% |
| Furniture and vehicles | 24 | €61,990 | €68,726 | +€6,736 | +10.9% |
| Other tangible fixed assets | 26 | €85,852 | €83,550 | -€2,302 | -2.7% |
| Financial fixed assets | 28 | €3,034,364 | €6,107,364 | +€3.1m | +101.3% |
| Affiliated companies | 280/1 | - | €6,107,001 | +€6.1m | |
| Participating interests | 280 | - | €5,757,001 | +€5.8m | |
| Amounts receivable | 281 | - | €350,000 | +€350,000 | |
| Other financial fixed assets | 284/8 | - | €363 | +€363 | |
| Amounts receivable and cash guarantees | 285/8 | - | €363 | +€363 | |
| Current assets | 29/58 | €2,627,819 | €2,656,925 | +€29,106 | +1.1% |
| Amounts receivable within one year | 40/41 | €1,499,251 | €1,796,283 | +€297,031 | +19.8% |
| Trade receivables | 40 | €1,458,676 | €1,795,275 | +€336,599 | +23.1% |
| Other amounts receivable | 41 | €40,576 | €1,008 | -€39,568 | -97.5% |
| Cash at bank and in hand | 54/58 | €1,075,065 | €739,901 | -€335,163 | -31.2% |
| Deferred charges and accrued income | 490/1 | €53,503 | €120,741 | +€67,238 | +125.7% |
| Total equity and liabilities | 10/49 | €7,147,474 | €10,225,024 | +€3.1m | +43.1% |
| Equity | 10/15 | €314,934 | €404,334 | +€89,400 | +28.4% |
| Contributions | 10/11 | €9,642,724 | €9,642,724 | = | 0.0% |
| Capital | 10 | €9,642,724 | €9,642,724 | = | 0.0% |
| Issued capital | 100 | €9,642,724 | €9,642,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,327,791 | -€9,238,390 | +€89,400 | +1.0% |
| Amounts payable | 17/49 | €6,832,540 | €9,820,690 | +€3.0m | +43.7% |
| Amounts payable after more than one year | 17 | €4,923,628 | €7,194,534 | +€2.3m | +46.1% |
| Financial debts | 170/4 | €4,923,628 | €7,194,534 | +€2.3m | +46.1% |
| Credit institutions | 173 | - | €7,045,847 | +€7.0m | |
| Other loans | 174 | - | €148,687 | +€148,687 | |
| Amounts payable within one year | 42/48 | €1,906,412 | €2,563,656 | +€657,244 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €676,542 | €979,900 | +€303,359 | +44.8% |
| Trade debts | 44 | €143,773 | €449,918 | +€306,145 | +212.9% |
| Suppliers | 440/4 | €143,773 | €449,918 | +€306,145 | +212.9% |
| Advances received on contracts in progress | 46 | €500 | - | -€500 | |
| Taxes, remuneration and social security | 45 | €428,985 | €340,657 | -€88,328 | -20.6% |
| Taxes | 450/3 | €44,500 | €14,413 | -€30,088 | -67.6% |
| Remuneration and social security | 454/9 | €384,484 | €326,244 | -€58,240 | -15.1% |
| Other amounts payable | 47/48 | €656,613 | €793,181 | +€136,568 | +20.8% |
| Accrued charges and deferred income | 492/3 | €2,500 | €62,500 | +€60,000 | +2400.0% |
| Operating income | 70/76A | - | €6,581,676 | +€6.6m | |
| Turnover | 70 | - | €5,847,752 | +€5.8m | |
| Own construction capitalised | 72 | - | €319,530 | +€319,530 | |
| Other operating income | 74 | - | €414,393 | +€414,393 | |
| Operating charges | 60/66A | - | €6,665,685 | +€6.7m | |
| Goods for resale, raw materials and consumables | 60 | - | €387,699 | +€387,699 | |
| Purchases | 600/8 | - | €387,699 | +€387,699 | |
| Services and other goods | 61 | - | €2,405,380 | +€2.4m | |
| Remuneration, social security and pensions | 62 | €2,891,603 | €3,324,605 | +€433,002 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €408,019 | €509,393 | +€101,374 | +24.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,173 | €2,838 | -€334 | -10.5% |
| Other operating charges | 640/8 | €7,000 | €35,770 | +€28,770 | +411.0% |
| Gross operating margin | 9900 | €1,542,314 | - | -€1.5m | |
| Operating profit (loss) | 9901 | -€1,767,480 | -€84,010 | +€1.7m | +95.2% |
| Financial income | 75/76B | €670 | €506,684 | +€506,014 | +75509.9% |
| Recurring financial income | 75 | €670 | €506,684 | +€506,014 | +75509.9% |
| Income from financial fixed assets | 750 | - | €500,000 | +€500,000 | |
| Income from current assets | 751 | - | €6,589 | +€6,589 | |
| Other financial income | 752/9 | - | €95 | +€95 | |
| Financial charges | 65/66B | €151,512 | €329,038 | +€177,525 | +117.2% |
| Recurring financial charges | 65 | €151,512 | €329,038 | +€177,525 | +117.2% |
| Debt charges | 650 | - | €282,490 | +€282,490 | |
| Other financial charges | 652/9 | - | €46,548 | +€46,548 | |
| Profit (loss) for the period before taxes | 9903 | -€1,918,322 | €93,637 | +€2.0m | |
| Income taxes | 67/77 | €1,409 | €4,236 | +€2,827 | +200.6% |
| Taxes | 670/3 | - | €4,236 | +€4,236 | |
| Profit (loss) for the period | 9904 | -€1,919,732 | €89,400 | +€2.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,919,732 | €89,400 | +€2.0m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.