YANAFE: what changed
YANAFE
Largest movements
- Receivables within one year +€25,241
up €25,241 (+29.1%), from €86,631 to €111,872
of which Trade receivables: +€20,170
- Tangible fixed assets -€23,929
down €23,929 (-38.7%), from €61,872 to €37,944
of which Leasing and similar rights: -€32,041
- Cash -€2,647
down €2,647 (-5.0%), from €53,448 to €50,801
mainly Receivables within one year (-€25,241) and Current portion of long-term debt (-€16,513)
- Reserves +€26,638
up €26,638 (+36.6%), from €72,715 to €99,353
- Current portion of long-term debt -€16,513
down €16,513 (-61.7%), from €26,767 to €10,254
- Debts after one year -€10,537
down €10,537 (-16.3%), from €64,606 to €54,069
- Tax, wage and social debts -€5,042
down €5,042 (-19.6%), from €25,700 to €20,658
- Other debts +€3,867
new in 2025: €3,867
- Gross operating margin +€15,372
up €15,372 (+25.0%), from €61,552 to €76,924
- Taxes +€4,380
up €4,380 (+54.6%), from €8,018 to €12,398
- Financial charges -€1,007
down €1,007 (-14.7%), from €6,838 to €5,831
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,403 | €202,240 | -€1,164 | -0.6% |
| Fixed assets | 21/28 | €61,872 | €37,944 | -€23,929 | -38.7% |
| Tangible fixed assets | 22/27 | €61,872 | €37,944 | -€23,929 | -38.7% |
| Land and buildings | 22 | €26,036 | €13,510 | -€12,526 | -48.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,795 | €24,434 | +€20,638 | +544% |
| Leasing and similar rights | 25 | €32,041 | - | -€32,041 | |
| Current assets | 29/58 | €141,531 | €164,296 | +€22,765 | +16.1% |
| Amounts receivable within one year | 40/41 | €86,631 | €111,872 | +€25,241 | +29.1% |
| Trade receivables | 40 | €65,340 | €85,510 | +€20,170 | +30.9% |
| Other amounts receivable | 41 | €21,291 | €26,362 | +€5,071 | +23.8% |
| Cash at bank and in hand | 54/58 | €53,448 | €50,801 | -€2,647 | -5.0% |
| Deferred charges and accrued income | 490/1 | €1,452 | €1,624 | +€171 | +11.8% |
| Total equity and liabilities | 10/49 | €203,403 | €202,240 | -€1,164 | -0.6% |
| Equity | 10/15 | €85,115 | €111,753 | +€26,638 | +31.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €72,715 | €99,353 | +€26,638 | +36.6% |
| Distributable reserves | 133 | €72,715 | €99,353 | +€26,638 | +36.6% |
| Amounts payable | 17/49 | €118,289 | €90,487 | -€27,802 | -23.5% |
| Amounts payable after more than one year | 17 | €64,606 | €54,069 | -€10,537 | -16.3% |
| Financial debts | 170/4 | €64,606 | €54,069 | -€10,537 | -16.3% |
| Amounts payable within one year | 42/48 | €53,683 | €36,418 | -€17,265 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €26,767 | €10,254 | -€16,513 | -61.7% |
| Trade debts | 44 | €1,216 | €1,639 | +€423 | +34.8% |
| Suppliers | 440/4 | €1,216 | €1,639 | +€423 | +34.8% |
| Taxes, remuneration and social security | 45 | €25,700 | €20,658 | -€5,042 | -19.6% |
| Taxes | 450/3 | €25,700 | €20,658 | -€5,042 | -19.6% |
| Other amounts payable | 47/48 | - | €3,867 | +€3,867 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,689 | €24,531 | -€158 | -0.6% |
| Other operating charges | 640/8 | €4,637 | €4,930 | +€293 | +6.3% |
| Gross operating margin | 9900 | €61,552 | €76,924 | +€15,372 | +25.0% |
| Operating profit (loss) | 9901 | €32,226 | €47,463 | +€15,237 | +47.3% |
| Financial income | 75/76B | €618 | €1,272 | +€654 | +106% |
| Recurring financial income | 75 | €618 | €1,272 | +€654 | +106% |
| Financial charges | 65/66B | €6,838 | €5,831 | -€1,007 | -14.7% |
| Recurring financial charges | 65 | €6,838 | €5,831 | -€1,007 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €26,006 | €42,903 | +€16,898 | +65.0% |
| Income taxes | 67/77 | €8,018 | €12,398 | +€4,380 | +54.6% |
| Profit (loss) for the period | 9904 | €17,987 | €30,505 | +€12,518 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,987 | €30,505 | +€12,518 | +69.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.