YAM: 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.
YAM
Largest movements
- Receivables within one year -€85,816
down €85,816 (-55.3%), from €155,108 to €69,292
of which Other amounts receivable: -€87,994
- Cash -€70,741
down €70,741 (-28.1%), from €251,524 to €180,783
mainly Contributions, distributions and other (-€100,000) and Other debts (-€86,487)
- Financial fixed assets +€54,455
up €54,455 (+18.2%), from €300,000 to €354,455
- Receivables after one year -€12,000
down €12,000 (-20.0%), from €60,000 to €48,000
- Other debts -€86,487
down €86,487 (-96.1%), from €90,000 to €3,513
- Reserves -€30,000
down €30,000 (-5.2%), from €575,855 to €545,855
of which Distributable reserves: -€30,000
- Current portion of long-term debt -€17,053
no longer reported in 2025 (was €17,053)
- Tax, wage and social debts +€13,301
up €13,301 (+20.3%), from €65,629 to €78,931
of which Taxes: +€7,998
- Financial income -€208,103
down €208,103 (-98.8%), from €210,527 to €2,424
- Taxes -€21,205
down €21,205 (-42.5%), from €49,870 to €28,665
- Gross operating margin -€6,414
down €6,414 (-3.7%), from €171,296 to €164,882
- Depreciation +€1,914
up €1,914 (+25.1%), from €7,634 to €9,547
- Staff costs +€1,834
up €1,834 (+3.5%), from €52,789 to €54,623
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.
Derived cash bridge
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 | €803,676 | €686,849 | -€116,827 | -14.5% |
| Fixed assets | 21/28 | €337,044 | €388,774 | +€51,730 | +15.3% |
| Tangible fixed assets | 22/27 | €37,044 | €34,319 | -€2,726 | -7.4% |
| Plant, machinery and equipment | 23 | €1,832 | €7,557 | +€5,725 | +313% |
| Furniture and vehicles | 24 | €35,213 | €26,762 | -€8,451 | -24.0% |
| Financial fixed assets | 28 | €300,000 | €354,455 | +€54,455 | +18.2% |
| Current assets | 29/58 | €466,632 | €298,075 | -€168,557 | -36.1% |
| Amounts receivable after more than one year | 29 | €60,000 | €48,000 | -€12,000 | -20.0% |
| Other amounts receivable | 291 | €60,000 | €48,000 | -€12,000 | -20.0% |
| Amounts receivable within one year | 40/41 | €155,108 | €69,292 | -€85,816 | -55.3% |
| Trade receivables | 40 | €65,340 | €67,518 | +€2,178 | +3.3% |
| Other amounts receivable | 41 | €89,768 | €1,774 | -€87,994 | -98.0% |
| Cash at bank and in hand | 54/58 | €251,524 | €180,783 | -€70,741 | -28.1% |
| Total equity and liabilities | 10/49 | €803,676 | €686,849 | -€116,827 | -14.5% |
| Equity | 10/15 | €630,917 | €602,246 | -€28,671 | -4.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €575,855 | €545,855 | -€30,000 | -5.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €574,000 | €544,000 | -€30,000 | -5.2% |
| Profit (loss) carried forward | 14 | €36,512 | €37,841 | +€1,329 | +3.6% |
| Amounts payable | 17/49 | €172,759 | €84,602 | -€88,157 | -51.0% |
| Amounts payable within one year | 42/48 | €172,759 | €84,602 | -€88,157 | -51.0% |
| Current portion of amounts payable after more than one year | 42 | €17,053 | - | -€17,053 | |
| Trade debts | 44 | €77 | €2,159 | +€2,082 | +2,695% |
| Suppliers | 440/4 | €77 | €2,159 | +€2,082 | +2,695% |
| Taxes, remuneration and social security | 45 | €65,629 | €78,931 | +€13,301 | +20.3% |
| Taxes | 450/3 | €42,923 | €50,921 | +€7,998 | +18.6% |
| Remuneration and social security | 454/9 | €22,706 | €28,009 | +€5,304 | +23.4% |
| Other amounts payable | 47/48 | €90,000 | €3,513 | -€86,487 | -96.1% |
| Remuneration, social security and pensions | 62 | €52,789 | €54,623 | +€1,834 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,634 | €9,547 | +€1,914 | +25.1% |
| Other operating charges | 640/8 | €1,059 | €129 | -€929 | -87.8% |
| Gross operating margin | 9900 | €171,296 | €164,882 | -€6,414 | -3.7% |
| Operating profit (loss) | 9901 | €109,814 | €100,581 | -€9,233 | -8.4% |
| Financial income | 75/76B | €210,527 | €2,424 | -€208,103 | -98.8% |
| Recurring financial income | 75 | €210,527 | €2,424 | -€208,103 | -98.8% |
| Financial charges | 65/66B | €2,716 | €3,012 | +€295 | +10.9% |
| Recurring financial charges | 65 | €2,716 | €3,012 | +€295 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €317,625 | €99,994 | -€217,631 | -68.5% |
| Income taxes | 67/77 | €49,870 | €28,665 | -€21,205 | -42.5% |
| Profit (loss) for the period | 9904 | €267,755 | €71,329 | -€196,426 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €267,755 | €71,329 | -€196,426 | -73.4% |
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 14 October 2026 via checked.be.