YAMAGUCHI: 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.
YAMAGUCHI
Largest movements
- Cash -€90,953
down €90,953 (-51.6%), from €176,416 to €85,464
mainly Contributions, distributions and other (-€42,000) and Receivables within one year (-€34,064)
- Receivables within one year +€34,064
up €34,064 (+11.1%), from €307,526 to €341,590
- Financial fixed assets +€25,001
up €25,001 (+27.8%), from €90,002 to €115,002
- Tangible fixed assets -€7,685
down €7,685 (-5.3%), from €144,768 to €137,083
of which Land and buildings: -€5,828
- Trade debts -€33,839
down €33,839 (-53.3%), from €63,492 to €29,653
- Other debts +€22,346
up €22,346 (+85.9%), from €26,016 to €48,362
- Debts after one year -€14,443
down €14,443 (-30.0%), from €48,152 to €33,709
of which Financial debts: -€14,443
- Financial income -€99,135
down €99,135 (-97.0%), from €102,170 to €3,034
- Gross operating margin -€41,954
down €41,954 (-44.2%), from €94,834 to €52,880
- Taxes -€13,694
down €13,694 (-85.6%), from €16,003 to €2,309
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 | €718,711 | €681,573 | -€37,139 | -5.2% |
| Fixed assets | 21/28 | €234,770 | €252,085 | +€17,316 | +7.4% |
| Tangible fixed assets | 22/27 | €144,768 | €137,083 | -€7,685 | -5.3% |
| Land and buildings | 22 | €129,011 | €123,183 | -€5,828 | -4.5% |
| Plant, machinery and equipment | 23 | €4,731 | €3,932 | -€799 | -16.9% |
| Furniture and vehicles | 24 | €7,026 | €5,968 | -€1,058 | -15.1% |
| Other tangible fixed assets | 26 | €4,000 | €4,000 | = | 0.0% |
| Financial fixed assets | 28 | €90,002 | €115,002 | +€25,001 | +27.8% |
| Current assets | 29/58 | €483,942 | €429,488 | -€54,454 | -11.3% |
| Amounts receivable within one year | 40/41 | €307,526 | €341,590 | +€34,064 | +11.1% |
| Other amounts receivable | 41 | €307,526 | €341,590 | +€34,064 | +11.1% |
| Cash at bank and in hand | 54/58 | €176,416 | €85,464 | -€90,953 | -51.6% |
| Deferred charges and accrued income | 490/1 | €0 | €2,434 | +€2,434 | |
| Total equity and liabilities | 10/49 | €718,711 | €681,573 | -€37,139 | -5.2% |
| Equity | 10/15 | €540,883 | €541,698 | +€815 | +0.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €465,911 | €465,911 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €465,911 | €465,911 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,573 | €63,388 | +€815 | +1.3% |
| Amounts payable | 17/49 | €177,828 | €139,875 | -€37,954 | -21.3% |
| Amounts payable after more than one year | 17 | €48,152 | €33,709 | -€14,443 | -30.0% |
| Financial debts | 170/4 | €45,152 | €30,709 | -€14,443 | -32.0% |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €126,281 | €103,461 | -€22,819 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €21,392 | €14,443 | -€6,949 | -32.5% |
| Trade debts | 44 | €63,492 | €29,653 | -€33,839 | -53.3% |
| Suppliers | 440/4 | €63,492 | €29,653 | -€33,839 | -53.3% |
| Taxes, remuneration and social security | 45 | €15,381 | €11,003 | -€4,378 | -28.5% |
| Taxes | 450/3 | €15,381 | €11,003 | -€4,378 | -28.5% |
| Other amounts payable | 47/48 | €26,016 | €48,362 | +€22,346 | +85.9% |
| Accrued charges and deferred income | 492/3 | €3,395 | €2,704 | -€691 | -20.4% |
| Non-recurring operating income | 76A | €18,512 | €0 | -€18,512 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,392 | €7,685 | +€293 | +4.0% |
| Other operating charges | 640/8 | €1,362 | €1,830 | +€468 | +34.3% |
| Gross operating margin | 9900 | €94,834 | €52,880 | -€41,954 | -44.2% |
| Operating profit (loss) | 9901 | €86,079 | €43,365 | -€42,714 | -49.6% |
| Financial income | 75/76B | €102,170 | €3,034 | -€99,135 | -97.0% |
| Recurring financial income | 75 | €102,170 | €3,034 | -€99,135 | -97.0% |
| Financial charges | 65/66B | €1,973 | €1,276 | -€697 | -35.3% |
| Recurring financial charges | 65 | €1,973 | €1,276 | -€697 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €186,276 | €45,124 | -€141,153 | -75.8% |
| Income taxes | 67/77 | €16,003 | €2,309 | -€13,694 | -85.6% |
| Profit (loss) for the period | 9904 | €170,273 | €42,815 | -€127,458 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €170,273 | €42,815 | -€127,458 | -74.9% |
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 8 October 2026 via checked.be.