YAMAS: 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.
YAMAS
Largest movements
- Tangible fixed assets -€17,947
down €17,947 (-10.7%), from €167,073 to €149,127
of which Furniture and vehicles: -€12,359
- Receivables within one year +€6,297
up €6,297 (+12.4%), from €50,955 to €57,252
of which Other amounts receivable: +€5,847
- Cash +€5,448
up €5,448 (+21.0%), from €25,904 to €31,352
mainly Net result for the year (+€42,513) and Depreciation (+€13,359)
- Current investments +€2,500
new in 2025: €2,500
- Debts after one year -€23,468
down €23,468 (-72.9%), from €32,214 to €8,746
- Reserves +€14,409
up €14,409 (+11.8%), from €122,425 to €136,833
- Accrued charges and deferred income -€4,000
no longer reported in 2025 (was €4,000)
- Trade debts +€3,705
up €3,705 (+968.1%), from €383 to €4,088
- Tax, wage and social debts +€3,604
up €3,604 (+63.4%), from €5,681 to €9,285
of which Taxes: +€2,719
- Gross operating margin +€23,428
up €23,428 (+44.3%), from €52,868 to €76,296
- Taxes +€10,502
up €10,502 (+119.6%), from €8,781 to €19,282
- Depreciation -€8,289
down €8,289 (-38.3%), from €21,647 to €13,359
- Financial charges +€1,748
up €1,748 (+114.1%), from €1,533 to €3,281
of which Non-recurring financial charges: +€2,390
- Financial income +€1,525
up €1,525 (+79.2%), from €1,925 to €3,450
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 | €244,722 | €241,595 | -€3,127 | -1.3% |
| Fixed assets | 21/28 | €167,073 | €150,491 | -€16,582 | -9.9% |
| Intangible fixed assets | 21 | - | €1,365 | +€1,365 | |
| Tangible fixed assets | 22/27 | €167,073 | €149,127 | -€17,947 | -10.7% |
| Land and buildings | 22 | €144,960 | €149,127 | +€4,167 | +2.9% |
| Furniture and vehicles | 24 | €12,359 | - | -€12,359 | |
| Leasing and similar rights | 25 | €9,754 | - | -€9,754 | |
| Current assets | 29/58 | €77,649 | €91,104 | +€13,455 | +17.3% |
| Amounts receivable within one year | 40/41 | €50,955 | €57,252 | +€6,297 | +12.4% |
| Trade receivables | 40 | - | €450 | +€450 | |
| Other amounts receivable | 41 | €50,955 | €56,802 | +€5,847 | +11.5% |
| Current investments | 50/53 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €25,904 | €31,352 | +€5,448 | +21.0% |
| Deferred charges and accrued income | 490/1 | €790 | - | -€790 | |
| Total equity and liabilities | 10/49 | €244,722 | €241,595 | -€3,127 | -1.3% |
| Equity | 10/15 | €192,161 | €209,083 | +€16,922 | +8.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €122,425 | €136,833 | +€14,409 | +11.8% |
| Distributable reserves | 133 | €122,425 | €136,833 | +€14,409 | +11.8% |
| Profit (loss) carried forward | 14 | €61,677 | €64,190 | +€2,513 | +4.1% |
| Amounts payable | 17/49 | €52,561 | €32,512 | -€20,049 | -38.1% |
| Amounts payable after more than one year | 17 | €32,214 | €8,746 | -€23,468 | -72.9% |
| Financial debts | 170/4 | €32,214 | €8,746 | -€23,468 | -72.9% |
| Amounts payable within one year | 42/48 | €16,347 | €23,766 | +€7,419 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €10,283 | €10,393 | +€110 | +1.1% |
| Trade debts | 44 | €383 | €4,088 | +€3,705 | +968.1% |
| Suppliers | 440/4 | €383 | €4,088 | +€3,705 | +968.1% |
| Taxes, remuneration and social security | 45 | €5,681 | €9,285 | +€3,604 | +63.4% |
| Taxes | 450/3 | €5,681 | €8,400 | +€2,719 | +47.9% |
| Remuneration and social security | 454/9 | - | €885 | +€885 | |
| Accrued charges and deferred income | 492/3 | €4,000 | - | -€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,647 | €13,359 | -€8,289 | -38.3% |
| Other operating charges | 640/8 | €2,026 | €1,310 | -€716 | -35.4% |
| Gross operating margin | 9900 | €52,868 | €76,296 | +€23,428 | +44.3% |
| Operating profit (loss) | 9901 | €29,194 | €61,627 | +€32,433 | +111.1% |
| Financial income | 75/76B | €1,925 | €3,450 | +€1,525 | +79.2% |
| Recurring financial income | 75 | €1,925 | €3,450 | +€1,525 | +79.2% |
| Financial charges | 65/66B | €1,533 | €3,281 | +€1,748 | +114.1% |
| Recurring financial charges | 65 | €1,533 | €891 | -€642 | -41.9% |
| Non-recurring financial charges | 66B | - | €2,390 | +€2,390 | |
| Profit (loss) for the period before taxes | 9903 | €29,587 | €61,796 | +€32,209 | +108.9% |
| Income taxes | 67/77 | €8,781 | €19,282 | +€10,502 | +119.6% |
| Profit (loss) for the period | 9904 | €20,806 | €42,513 | +€21,707 | +104.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,806 | €42,513 | +€21,707 | +104.3% |
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 5 October 2026 via checked.be.