YAK: 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.
YAK
Largest movements
- Tangible fixed assets +€67,659
up €67,659 (+497.0%), from €13,614 to €81,273
- Receivables within one year -€62,592
down €62,592 (-78.0%), from €80,280 to €17,688
of which Other amounts receivable: -€69,661
- Cash +€6,482
up €6,482 (+11.5%), from €56,210 to €62,693
mainly Receivables within one year (+€62,592) and Net result for the year (+€26,058)
- Other debts -€33,313
down €33,313 (-38.1%), from €87,505 to €54,192
- Reserves +€25,453
up €25,453 (+19.9%), from €127,755 to €153,208
of which Distributable reserves: +€29,000
- Trade debts +€13,825
new in 2025: €13,825
- Tax, wage and social debts +€5,877
up €5,877 (+42.2%), from €13,922 to €19,799
of which Taxes: +€8,269
- Gross operating margin -€38,789
down €38,789 (-42.0%), from €92,306 to €53,517
- Depreciation +€12,341
up €12,341 (+167.5%), from €7,366 to €19,707
- Financial income +€3,240
up €3,240 (+547.8%), from €591 to €3,831
- Taxes -€2,363
down €2,363 (-16.6%), from €14,220 to €11,857
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 | €301,405 | €312,966 | +€11,561 | +3.8% |
| Fixed assets | 21/28 | €13,734 | €81,393 | +€67,659 | +492.7% |
| Tangible fixed assets | 22/27 | €13,614 | €81,273 | +€67,659 | +497.0% |
| Furniture and vehicles | 24 | €13,614 | €81,273 | +€67,659 | +497.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €287,671 | €231,573 | -€56,098 | -19.5% |
| Amounts receivable within one year | 40/41 | €80,280 | €17,688 | -€62,592 | -78.0% |
| Trade receivables | 40 | €8,752 | €15,821 | +€7,069 | +80.8% |
| Other amounts receivable | 41 | €71,528 | €1,868 | -€69,661 | -97.4% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,210 | €62,693 | +€6,482 | +11.5% |
| Deferred charges and accrued income | 490/1 | €1,181 | €1,192 | +€12 | +1.0% |
| Total equity and liabilities | 10/49 | €301,405 | €312,966 | +€11,561 | +3.8% |
| Equity | 10/15 | €194,377 | €220,436 | +€26,058 | +13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €127,755 | €153,208 | +€25,453 | +19.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,400 | €18,853 | -€3,547 | -15.8% |
| Distributable reserves | 133 | €103,500 | €132,500 | +€29,000 | +28.0% |
| Profit (loss) carried forward | 14 | €60,422 | €61,027 | +€605 | +1.0% |
| Provisions and deferred taxes | 16 | €5,600 | €4,713 | -€887 | -15.8% |
| Deferred taxes | 168 | €5,600 | €4,713 | -€887 | -15.8% |
| Amounts payable | 17/49 | €101,428 | €87,817 | -€13,610 | -13.4% |
| Amounts payable within one year | 42/48 | €101,428 | €87,817 | -€13,610 | -13.4% |
| Trade debts | 44 | - | €13,825 | +€13,825 | |
| Suppliers | 440/4 | - | €13,825 | +€13,825 | |
| Taxes, remuneration and social security | 45 | €13,922 | €19,799 | +€5,877 | +42.2% |
| Taxes | 450/3 | €2,821 | €11,089 | +€8,269 | +293.1% |
| Remuneration and social security | 454/9 | €11,102 | €8,710 | -€2,392 | -21.5% |
| Other amounts payable | 47/48 | €87,505 | €54,192 | -€33,313 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,366 | €19,707 | +€12,341 | +167.5% |
| Other operating charges | 640/8 | €220 | €36 | -€184 | -83.6% |
| Non-recurring operating charges | 66A | €30 | €373 | +€343 | +1143.6% |
| Gross operating margin | 9900 | €92,306 | €53,517 | -€38,789 | -42.0% |
| Operating profit (loss) | 9901 | €84,690 | €33,402 | -€51,289 | -60.6% |
| Financial income | 75/76B | €591 | €3,831 | +€3,240 | +547.8% |
| Recurring financial income | 75 | €591 | €3,831 | +€3,240 | +547.8% |
| Financial charges | 65/66B | €162 | €204 | +€42 | +26.0% |
| Recurring financial charges | 65 | €162 | €204 | +€42 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €85,120 | €37,029 | -€48,091 | -56.5% |
| Transfer from deferred taxes | 780 | - | €887 | +€887 | |
| Transfer to deferred taxes | 680 | €5,600 | - | -€5,600 | |
| Income taxes | 67/77 | €14,220 | €11,857 | -€2,363 | -16.6% |
| Profit (loss) for the period | 9904 | €65,300 | €26,058 | -€39,242 | -60.1% |
| Transfer from tax-exempt reserves | 789 | - | €3,547 | +€3,547 | |
| Transfer to tax-exempt reserves | 689 | €22,400 | - | -€22,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,900 | €29,605 | -€13,295 | -31.0% |
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 4 October 2026 via checked.be.