Yalu: 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.
Yalu
Largest movements
- Cash -€48,565
down €48,565 (-77.9%), from €62,373 to €13,809
mainly Net result for the year (-€60,333) and Other debts (-€15,209)
- Tangible fixed assets -€44,473
down €44,473 (-4.7%), from €954,294 to €909,821
of which Land and buildings: -€32,096
- Profit (loss) carried forward -€41,920
down €41,920 (-19.6%), from -€213,491 to -€255,411
- Reserves -€18,413
down €18,413 (-7.2%), from €257,178 to €238,765
of which Tax-exempt reserves: -€18,413
- Other debts -€15,209
down €15,209 (-2.0%), from €772,889 to €757,679
- Gross operating margin -€47,587
down €47,587, from €38,998 to -€8,589
- Depreciation +€2,432
up €2,432 (+4.8%), from €50,845 to €53,277
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,067,894 | €971,700 | -€96,194 | -9.0% |
| Fixed assets | 21/28 | €954,294 | €909,821 | -€44,473 | -4.7% |
| Tangible fixed assets | 22/27 | €954,294 | €909,821 | -€44,473 | -4.7% |
| Land and buildings | 22 | €884,328 | €852,231 | -€32,096 | -3.6% |
| Plant, machinery and equipment | 23 | €37,961 | €34,038 | -€3,923 | -10.3% |
| Furniture and vehicles | 24 | €32,005 | €23,552 | -€8,453 | -26.4% |
| Current assets | 29/58 | €113,600 | €61,879 | -€51,721 | -45.5% |
| Stocks and contracts in progress | 3 | - | €900 | +€900 | |
| Stocks | 30/36 | - | €900 | +€900 | |
| Amounts receivable within one year | 40/41 | €1,054 | €588 | -€466 | -44.2% |
| Other amounts receivable | 41 | €1,054 | €588 | -€466 | -44.2% |
| Cash at bank and in hand | 54/58 | €62,373 | €13,809 | -€48,565 | -77.9% |
| Deferred charges and accrued income | 490/1 | €50,172 | €46,582 | -€3,591 | -7.2% |
| Total equity and liabilities | 10/49 | €1,067,894 | €971,700 | -€96,194 | -9.0% |
| Equity | 10/15 | €135,826 | €75,493 | -€60,333 | -44.4% |
| Contributions | 10/11 | €92,139 | €92,139 | = | 0.0% |
| Reserves | 13 | €257,178 | €238,765 | -€18,413 | -7.2% |
| Tax-exempt reserves | 132 | €238,847 | €220,434 | -€18,413 | -7.7% |
| Distributable reserves | 133 | €18,331 | €18,331 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€213,491 | -€255,411 | -€41,920 | -19.6% |
| Provisions and deferred taxes | 16 | €122,987 | €113,506 | -€9,481 | -7.7% |
| Deferred taxes | 168 | €122,987 | €113,506 | -€9,481 | -7.7% |
| Amounts payable | 17/49 | €809,080 | €782,701 | -€26,379 | -3.3% |
| Amounts payable after more than one year | 17 | €19,913 | €10,029 | -€9,884 | -49.6% |
| Financial debts | 170/4 | €19,913 | €10,029 | -€9,884 | -49.6% |
| Amounts payable within one year | 42/48 | €789,167 | €772,672 | -€16,495 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €9,741 | €9,884 | +€144 | +1.5% |
| Trade debts | 44 | €5,723 | €4,281 | -€1,442 | -25.2% |
| Suppliers | 440/4 | €5,723 | €4,281 | -€1,442 | -25.2% |
| Taxes, remuneration and social security | 45 | €815 | €828 | +€13 | +1.6% |
| Taxes | 450/3 | €815 | €828 | +€13 | +1.6% |
| Other amounts payable | 47/48 | €772,889 | €757,679 | -€15,209 | -2.0% |
| Non-recurring operating income | 76A | €47,856 | - | -€47,856 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,845 | €53,277 | +€2,432 | +4.8% |
| Other operating charges | 640/8 | €7,162 | €7,273 | +€111 | +1.5% |
| Gross operating margin | 9900 | €38,998 | -€8,589 | -€47,587 | |
| Operating profit (loss) | 9901 | -€19,009 | -€69,139 | -€50,130 | -263.7% |
| Financial charges | 65/66B | €662 | €522 | -€140 | -21.1% |
| Recurring financial charges | 65 | €662 | €522 | -€140 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,671 | -€69,661 | -€49,990 | -254.1% |
| Transfer from deferred taxes | 780 | €9,481 | €9,481 | = | 0.0% |
| Income taxes | 67/77 | €161 | €153 | -€7 | -4.5% |
| Profit (loss) for the period | 9904 | -€10,350 | -€60,333 | -€49,983 | -482.9% |
| Transfer from tax-exempt reserves | 789 | €18,413 | €18,413 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,062 | -€41,920 | -€49,983 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.