YANS: 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.
What changed
YANS
NACE 47.770, Retail sale of watches and jewellery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€87,225
2024 · €107,532-€20,308
Equity
€1.9m
2024 · €1.8m+€86,325
Cash
€76,277
2024 · €61,038+€15,239
Balance sheet total
€2.0m
2024 · €2.0m+€73,108
Largest movements
Assets
- Stocks and contracts +€63,081
up €63,081 (+3.7%), from €1.7m to €1.8m
Equity and liabilities
- Reserves +€86,325
up €86,325 (+4.8%), from €1.8m to €1.9m
- Trade debts -€31,500
down €31,500 (-44.2%), from €71,248 to €39,748
- Other debts +€23,100
up €23,100 (+649.3%), from €3,558 to €26,658
Income statement
- Gross operating margin -€27,170
down €27,170 (-12.1%), from €224,134 to €196,964
- Taxes -€9,695
down €9,695 (-21.3%), from €45,559 to €35,863
- Staff costs +€3,079
up €3,079 (+4.1%), from €74,430 to €77,509
- Depreciation +€2,258
up €2,258 (+43.6%), from €5,175 to €7,434
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.
Result 2024
€107,532
Gross operating margin
-€27,170
Staff costs
-€3,079
Depreciation
-€2,258
Write-downs
-€602
Other operating charges
+€153
Financial income
+€1,843
Financial charges
+€1,110
Taxes
+€9,695
Result 2025
€87,225
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.
From operations
+€30,044
Investment
-€12,537
Financing
-€2,268
Cash 2024
€61,038
From operations (derived)
+€30,044
Net result for the year
+€87,225
Depreciation
+€7,434
Stocks and contracts
-€63,081
Receivables within one year
+€6,345
Deferred charges and accrued income
+€3,972
Trade debts
-€31,500
Tax, wage and social debts
-€3,449
Other debts
+€23,100
Investment (derived)
-€12,537
Investment in fixed assets (net)
-€8,299
Current investments
-€4,239
Financing
-€2,268
Current portion of long-term debt
-€1,368
Contributions, distributions and other
-€900
Cash 2025
€76,277
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,958,064 | €2,031,172 | +€73,108 | +3.7% |
| Fixed assets | 21/28 | €29,666 | €30,531 | +€865 | +2.9% |
| Tangible fixed assets | 22/27 | €29,666 | €30,531 | +€865 | +2.9% |
| Plant, machinery and equipment | 23 | €29,666 | €24,491 | -€5,175 | -17.4% |
| Furniture and vehicles | 24 | - | €6,040 | +€6,040 | |
| Current assets | 29/58 | €1,928,398 | €2,000,641 | +€72,243 | +3.7% |
| Stocks and contracts in progress | 3 | €1,711,118 | €1,774,199 | +€63,081 | +3.7% |
| Stocks | 30/36 | €1,711,118 | €1,774,199 | +€63,081 | +3.7% |
| Amounts receivable within one year | 40/41 | €15,759 | €9,415 | -€6,345 | -40.3% |
| Trade receivables | 40 | €6,205 | €4,494 | -€1,711 | -27.6% |
| Other amounts receivable | 41 | €9,554 | €4,921 | -€4,633 | -48.5% |
| Current investments | 50/53 | €130,393 | €134,632 | +€4,239 | +3.3% |
| Cash at bank and in hand | 54/58 | €61,038 | €76,277 | +€15,239 | +25.0% |
| Deferred charges and accrued income | 490/1 | €10,090 | €6,118 | -€3,972 | -39.4% |
| Total equity and liabilities | 10/49 | €1,958,064 | €2,031,172 | +€73,108 | +3.7% |
| Equity | 10/15 | €1,824,127 | €1,910,452 | +€86,325 | +4.7% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,805,377 | €1,891,702 | +€86,325 | +4.8% |
| Distributable reserves | 133 | €1,805,377 | €1,891,702 | +€86,325 | +4.8% |
| Amounts payable | 17/49 | €133,937 | €120,721 | -€13,217 | -9.9% |
| Amounts payable within one year | 42/48 | €131,437 | €118,221 | -€13,217 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €1,368 | - | -€1,368 | |
| Trade debts | 44 | €71,248 | €39,748 | -€31,500 | -44.2% |
| Suppliers | 440/4 | €71,248 | €39,748 | -€31,500 | -44.2% |
| Taxes, remuneration and social security | 45 | €55,264 | €51,815 | -€3,449 | -6.2% |
| Taxes | 450/3 | €42,506 | €38,162 | -€4,344 | -10.2% |
| Remuneration and social security | 454/9 | €12,759 | €13,654 | +€895 | +7.0% |
| Other amounts payable | 47/48 | €3,558 | €26,658 | +€23,100 | +649.3% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €74,430 | €77,509 | +€3,079 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,175 | €7,434 | +€2,258 | +43.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€41 | €561 | +€602 | |
| Other operating charges | 640/8 | €1,231 | €1,078 | -€153 | -12.4% |
| Gross operating margin | 9900 | €224,134 | €196,964 | -€27,170 | -12.1% |
| Operating profit (loss) | 9901 | €143,338 | €110,382 | -€32,956 | -23.0% |
| Financial income | 75/76B | €13,070 | €14,913 | +€1,843 | +14.1% |
| Recurring financial income | 75 | €13,000 | €14,913 | +€1,913 | +14.7% |
| Non-recurring financial income | 76B | €70 | - | -€70 | |
| Financial charges | 65/66B | €3,317 | €2,207 | -€1,110 | -33.5% |
| Recurring financial charges | 65 | €3,317 | €2,207 | -€1,110 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €153,091 | €123,088 | -€30,003 | -19.6% |
| Income taxes | 67/77 | €45,559 | €35,863 | -€9,695 | -21.3% |
| Profit (loss) for the period | 9904 | €107,532 | €87,225 | -€20,308 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,532 | €87,225 | -€20,308 | -18.9% |
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.