YANG PAN: 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.
YANG PAN
Largest movements
- Tangible fixed assets -€23,793
down €23,793 (-37.7%), from €63,105 to €39,312
of which Furniture and vehicles: -€19,245
- Current investments +€5,000
up €5,000 (+3.7%), from €135,000 to €140,000
- Cash +€2,142
up €2,142 (+60.6%), from €3,532 to €5,674
mainly Depreciation (+€26,043) and Net result for the year (+€8,112)
- Current portion of long-term debt -€9,553
down €9,553 (-57.3%), from €16,668 to €7,116
- Reserves +€8,112
up €8,112 (+7.6%), from €106,302 to €114,414
of which Distributable reserves: +€8,112
- Other debts -€7,322
down €7,322 (-97.3%), from €7,527 to €205
- Debts after one year -€7,116
down €7,116 (-37.4%), from €19,043 to €11,927
- Trade debts -€2,391
down €2,391 (-22.1%), from €10,838 to €8,447
- Gross operating margin -€5,186
down €5,186 (-9.5%), from €54,638 to €49,452
- Depreciation -€3,572
down €3,572 (-12.1%), from €29,615 to €26,043
- Financial income -€1,908
down €1,908 (-71.8%), from €2,659 to €751
- Taxes -€728
down €728 (-16.7%), from €4,366 to €3,638
- Financial charges +€655
up €655 (+31.4%), from €2,090 to €2,746
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 | €209,690 | €193,681 | -€16,009 | -7.6% |
| Fixed assets | 21/28 | €63,105 | €39,312 | -€23,793 | -37.7% |
| Tangible fixed assets | 22/27 | €63,105 | €39,312 | -€23,793 | -37.7% |
| Land and buildings | 22 | €16,525 | €13,987 | -€2,539 | -15.4% |
| Plant, machinery and equipment | 23 | €2,918 | €908 | -€2,010 | -68.9% |
| Furniture and vehicles | 24 | €43,662 | €24,418 | -€19,245 | -44.1% |
| Current assets | 29/58 | €146,585 | €154,369 | +€7,784 | +5.3% |
| Amounts receivable within one year | 40/41 | €2,873 | €3,278 | +€405 | +14.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,873 | €3,278 | +€405 | +14.1% |
| Current investments | 50/53 | €135,000 | €140,000 | +€5,000 | +3.7% |
| Cash at bank and in hand | 54/58 | €3,532 | €5,674 | +€2,142 | +60.6% |
| Deferred charges and accrued income | 490/1 | €5,180 | €5,417 | +€237 | +4.6% |
| Total equity and liabilities | 10/49 | €209,690 | €193,681 | -€16,009 | -7.6% |
| Equity | 10/15 | €149,894 | €158,006 | +€8,112 | +5.4% |
| Contributions | 10/11 | €43,592 | €43,592 | = | 0.0% |
| Reserves | 13 | €106,302 | €114,414 | +€8,112 | +7.6% |
| Tax-exempt reserves | 132 | €22,700 | €22,700 | = | 0.0% |
| Distributable reserves | 133 | €83,602 | €91,714 | +€8,112 | +9.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €59,797 | €35,675 | -€24,121 | -40.3% |
| Amounts payable after more than one year | 17 | €19,043 | €11,927 | -€7,116 | -37.4% |
| Financial debts | 170/4 | €19,043 | €11,927 | -€7,116 | -37.4% |
| Amounts payable within one year | 42/48 | €40,753 | €23,748 | -€17,006 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | €16,668 | €7,116 | -€9,553 | -57.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €10,838 | €8,447 | -€2,391 | -22.1% |
| Suppliers | 440/4 | €10,838 | €8,447 | -€2,391 | -22.1% |
| Advances received on contracts in progress | 46 | €2,152 | €3,792 | +€1,640 | +76.2% |
| Taxes, remuneration and social security | 45 | €3,568 | €4,188 | +€620 | +17.4% |
| Taxes | 450/3 | €3,568 | €4,188 | +€620 | +17.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,527 | €205 | -€7,322 | -97.3% |
| Remuneration, social security and pensions | 62 | €0 | €378 | +€378 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,615 | €26,043 | -€3,572 | -12.1% |
| Other operating charges | 640/8 | €8,897 | €9,287 | +€390 | +4.4% |
| Gross operating margin | 9900 | €54,638 | €49,452 | -€5,186 | -9.5% |
| Operating profit (loss) | 9901 | €16,126 | €13,745 | -€2,382 | -14.8% |
| Financial income | 75/76B | €2,659 | €751 | -€1,908 | -71.8% |
| Recurring financial income | 75 | €2,659 | €751 | -€1,908 | -71.8% |
| Financial charges | 65/66B | €2,090 | €2,746 | +€655 | +31.4% |
| Recurring financial charges | 65 | €2,090 | €2,746 | +€655 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €16,694 | €11,750 | -€4,945 | -29.6% |
| Income taxes | 67/77 | €4,366 | €3,638 | -€728 | -16.7% |
| Profit (loss) for the period | 9904 | €12,329 | €8,112 | -€4,217 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,329 | €8,112 | -€4,217 | -34.2% |
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 6 October 2026 via checked.be.