YAGRON: 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.
YAGRON
Largest movements
- Financial fixed assets +€1.3m
up €1.3m (+609.7%), from €211,352 to €1.5m
- Receivables after one year +€206,000
new in 2025: €206,000
- Current investments -€135,000
no longer reported in 2025 (was €135,000)
- Receivables within one year +€90,824
up €90,824 (+46.7%), from €194,343 to €285,167
of which Other amounts receivable: +€105,174
- Tangible fixed assets +€58,698
up €58,698 (+9.7%), from €603,711 to €662,408
- Reserves +€1.4m
up €1.4m (+166.3%), from €830,862 to €2.2m
- Tax, wage and social debts +€108,286
up €108,286 (+278.5%), from €38,877 to €147,163
- Debts after one year -€38,388
down €38,388 (-15.1%), from €254,239 to €215,851
- Gross operating margin +€1.4m
up €1.4m (+1302.3%), from €107,001 to €1.5m
- Taxes +€144,391
up €144,391 (+439.3%), from €32,867 to €177,258
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,210,350 | €2,667,078 | +€1.5m | +120.4% |
| Fixed assets | 21/28 | €815,063 | €2,162,408 | +€1.3m | +165.3% |
| Tangible fixed assets | 22/27 | €603,711 | €662,408 | +€58,698 | +9.7% |
| Land and buildings | 22 | €603,711 | €662,408 | +€58,698 | +9.7% |
| Financial fixed assets | 28 | €211,352 | €1,500,000 | +€1.3m | +609.7% |
| Current assets | 29/58 | €395,287 | €504,669 | +€109,382 | +27.7% |
| Amounts receivable after more than one year | 29 | - | €206,000 | +€206,000 | |
| Trade receivables | 290 | - | €206,000 | +€206,000 | |
| Amounts receivable within one year | 40/41 | €194,343 | €285,167 | +€90,824 | +46.7% |
| Trade receivables | 40 | €34,000 | €19,650 | -€14,350 | -42.2% |
| Other amounts receivable | 41 | €160,343 | €265,517 | +€105,174 | +65.6% |
| Current investments | 50/53 | €135,000 | - | -€135,000 | |
| Cash at bank and in hand | 54/58 | €65,944 | €13,502 | -€52,441 | -79.5% |
| Total equity and liabilities | 10/49 | €1,210,350 | €2,667,078 | +€1.5m | +120.4% |
| Equity | 10/15 | €851,387 | €2,232,700 | +€1.4m | +162.2% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €830,862 | €2,212,174 | +€1.4m | +166.3% |
| Distributable reserves | 133 | €830,862 | €2,212,174 | +€1.4m | +166.3% |
| Profit (loss) carried forward | 14 | €1,625 | €1,625 | = | 0.0% |
| Amounts payable | 17/49 | €358,963 | €434,378 | +€75,415 | +21.0% |
| Amounts payable after more than one year | 17 | €254,239 | €215,851 | -€38,388 | -15.1% |
| Financial debts | 170/4 | €254,239 | €215,851 | -€38,388 | -15.1% |
| Amounts payable within one year | 42/48 | €104,724 | €218,527 | +€113,803 | +108.7% |
| Current portion of amounts payable after more than one year | 42 | €48,115 | €38,388 | -€9,727 | -20.2% |
| Trade debts | 44 | €545 | €9,107 | +€8,563 | +1572.6% |
| Suppliers | 440/4 | €545 | €9,107 | +€8,563 | +1572.6% |
| Taxes, remuneration and social security | 45 | €38,877 | €147,163 | +€108,286 | +278.5% |
| Taxes | 450/3 | €38,877 | €147,163 | +€108,286 | +278.5% |
| Other amounts payable | 47/48 | €17,187 | €23,869 | +€6,681 | +38.9% |
| Non-recurring operating income | 76A | €9,779 | €1,297,738 | +€1.3m | +13170.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,836 | €28,841 | +€4,004 | +16.1% |
| Other operating charges | 640/8 | €1,709 | €1,475 | -€234 | -13.7% |
| Gross operating margin | 9900 | €107,001 | €1,500,432 | +€1.4m | +1302.3% |
| Operating profit (loss) | 9901 | €80,456 | €1,470,116 | +€1.4m | +1727.2% |
| Financial income | 75/76B | €103,162 | €100,698 | -€2,465 | -2.4% |
| Recurring financial income | 75 | €103,162 | €100,698 | -€2,465 | -2.4% |
| Financial charges | 65/66B | €14,393 | €12,244 | -€2,150 | -14.9% |
| Recurring financial charges | 65 | €14,393 | €12,244 | -€2,150 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €169,226 | €1,558,570 | +€1.4m | +821.0% |
| Income taxes | 67/77 | €32,867 | €177,258 | +€144,391 | +439.3% |
| Profit (loss) for the period | 9904 | €136,359 | €1,381,313 | +€1.2m | +913.0% |
| Profit (loss) for the period to be appropriated | 9905 | €136,359 | €1,381,313 | +€1.2m | +913.0% |
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 12 October 2026 via checked.be.