YALEC: 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.
YALEC
Largest movements
- Current investments +€120,687
up €120,687 (+326.5%), from €36,965 to €157,652
- Receivables within one year +€36,210
up €36,210 (+71.2%), from €50,847 to €87,057
- Tangible fixed assets -€29,481
down €29,481 (-2.4%), from €1.2m to €1.2m
of which Land and buildings: -€29,321
- Cash -€23,171
down €23,171 (-32.2%), from €72,011 to €48,840
mainly Current investments (-€120,687) and Contributions, distributions and other (-€68,000)
- Other debts +€58,797
up €58,797 (+638.9%), from €9,203 to €68,000
- Reserves +€36,685
up €36,685 (+2.5%), from €1.5m to €1.5m
- Financial income +€118,679
up €118,679 (+5911.4%), from €2,008 to €120,687
- Depreciation +€11,517
up €11,517 (+64.1%), from €17,963 to €29,481
- Taxes +€10,007
up €10,007 (+2168.1%), from €462 to €10,468
- Gross operating margin +€2,866
up €2,866 (+10.4%), from €27,453 to €30,319
- Financial charges -€365
down €365 (-34.6%), from €1,056 to €690
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 | €1,741,617 | €1,845,953 | +€104,336 | +6.0% |
| Fixed assets | 21/28 | €1,580,013 | €1,550,533 | -€29,481 | -1.9% |
| Tangible fixed assets | 22/27 | €1,205,513 | €1,176,033 | -€29,481 | -2.4% |
| Land and buildings | 22 | €1,205,026 | €1,175,706 | -€29,321 | -2.4% |
| Plant, machinery and equipment | 23 | €487 | €327 | -€160 | -32.9% |
| Financial fixed assets | 28 | €374,500 | €374,500 | = | 0.0% |
| Current assets | 29/58 | €161,604 | €295,420 | +€133,817 | +82.8% |
| Amounts receivable within one year | 40/41 | €50,847 | €87,057 | +€36,210 | +71.2% |
| Other amounts receivable | 41 | €50,847 | €87,057 | +€36,210 | +71.2% |
| Current investments | 50/53 | €36,965 | €157,652 | +€120,687 | +326.5% |
| Cash at bank and in hand | 54/58 | €72,011 | €48,840 | -€23,171 | -32.2% |
| Deferred charges and accrued income | 490/1 | €1,781 | €1,872 | +€91 | +5.1% |
| Total equity and liabilities | 10/49 | €1,741,617 | €1,845,953 | +€104,336 | +6.0% |
| Equity | 10/15 | €1,730,477 | €1,767,162 | +€36,685 | +2.1% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €1,461,877 | €1,498,562 | +€36,685 | +2.5% |
| Distributable reserves | 133 | €1,461,877 | €1,498,562 | +€36,685 | +2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,140 | €78,791 | +€67,651 | +607.3% |
| Amounts payable within one year | 42/48 | €9,640 | €78,791 | +€69,151 | +717.3% |
| Trade debts | 44 | €191 | €240 | +€49 | +25.6% |
| Suppliers | 440/4 | €191 | €240 | +€49 | +25.6% |
| Taxes, remuneration and social security | 45 | €246 | €10,552 | +€10,306 | +4191.8% |
| Taxes | 450/3 | €246 | €10,552 | +€10,306 | +4191.8% |
| Other amounts payable | 47/48 | €9,203 | €68,000 | +€58,797 | +638.9% |
| Accrued charges and deferred income | 492/3 | €1,500 | €0 | -€1,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,963 | €29,481 | +€11,517 | +64.1% |
| Other operating charges | 640/8 | €5,493 | €5,681 | +€188 | +3.4% |
| Gross operating margin | 9900 | €27,453 | €30,319 | +€2,866 | +10.4% |
| Operating profit (loss) | 9901 | €3,996 | -€4,843 | -€8,839 | |
| Financial income | 75/76B | €2,008 | €120,687 | +€118,679 | +5911.4% |
| Recurring financial income | 75 | €2,008 | €120,687 | +€118,679 | +5911.4% |
| Financial charges | 65/66B | €1,056 | €690 | -€365 | -34.6% |
| Recurring financial charges | 65 | €1,056 | €690 | -€365 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €4,948 | €115,153 | +€110,206 | +2227.5% |
| Income taxes | 67/77 | €462 | €10,468 | +€10,007 | +2168.1% |
| Profit (loss) for the period | 9904 | €4,486 | €104,685 | +€100,199 | +2233.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,486 | €104,685 | +€100,199 | +2233.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.