YARAZAKH: what changed
Two financial 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.
YARAZAKH
Largest movements
- Cash +€12,580
up €12,580 (+11.3%), from €111,133 to €123,713
mainly Tax, wage and social debts (+€15,037) and Net result for the year (+€656)
- Tax, wage and social debts +€15,037
up €15,037 (+155%), from €9,688 to €24,724
of which Remuneration and social security: +€12,501
- Trade debts -€2,804
down €2,804 (-19.6%), from €14,294 to €11,490
- Turnover -€260,624
down €260,624 (-47.1%), from €553,358 to €292,734
- Purchases and services -€221,313
down €221,313 (-46.8%), from €472,550 to €251,237
- Gross operating margin -€39,123
down €39,123 (-48.4%), from €80,809 to €41,686
- Staff costs -€24,636
down €24,636 (-40.3%), from €61,182 to €36,546
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.
Derived cash bridge
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 | €117,106 | €129,994 | +€12,888 | +11.0% |
| Fixed assets | 21/28 | €442 | €85 | -€358 | -80.9% |
| Tangible fixed assets | 22/27 | €417 | €60 | -€358 | -85.7% |
| Furniture and vehicles | 24 | €417 | €60 | -€358 | -85.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €116,663 | €129,910 | +€13,246 | +11.4% |
| Stocks and contracts in progress | 3 | €4,873 | €4,619 | -€254 | -5.2% |
| Stocks | 30/36 | €4,873 | €4,619 | -€254 | -5.2% |
| Amounts receivable within one year | 40/41 | €657 | €1,578 | +€920 | +140% |
| Other amounts receivable | 41 | €657 | €1,578 | +€920 | +140% |
| Cash at bank and in hand | 54/58 | €111,133 | €123,713 | +€12,580 | +11.3% |
| Total equity and liabilities | 10/49 | €117,106 | €129,994 | +€12,888 | +11.0% |
| Equity | 10/15 | €92,978 | €93,634 | +€656 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,378 | €75,034 | +€656 | +0.9% |
| Amounts payable | 17/49 | €24,128 | €36,361 | +€12,233 | +50.7% |
| Amounts payable within one year | 42/48 | €24,128 | €36,361 | +€12,233 | +50.7% |
| Trade debts | 44 | €14,294 | €11,490 | -€2,804 | -19.6% |
| Suppliers | 440/4 | €14,294 | €11,490 | -€2,804 | -19.6% |
| Taxes, remuneration and social security | 45 | €9,688 | €24,724 | +€15,037 | +155% |
| Taxes | 450/3 | - | €2,536 | +€2,536 | |
| Remuneration and social security | 454/9 | €9,688 | €22,188 | +€12,501 | +129% |
| Other amounts payable | 47/48 | €146 | €146 | = | 0.0% |
| Turnover | 70 | €553,358 | €292,734 | -€260,624 | -47.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €472,550 | €251,237 | -€221,313 | -46.8% |
| Remuneration, social security and pensions | 62 | €61,182 | €36,546 | -€24,636 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358 | €358 | = | 0.0% |
| Other operating charges | 640/8 | €2,477 | €1,999 | -€478 | -19.3% |
| Gross operating margin | 9900 | €80,809 | €41,686 | -€39,123 | -48.4% |
| Operating profit (loss) | 9901 | €16,792 | €2,783 | -€14,009 | -83.4% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Non-recurring financial income | 76B | €11 | - | -€11 | |
| Financial charges | 65/66B | €3,635 | €2,127 | -€1,508 | -41.5% |
| Recurring financial charges | 65 | €2,017 | €2,127 | +€110 | +5.5% |
| Non-recurring financial charges | 66B | €1,619 | - | -€1,619 | |
| Profit (loss) for the period before taxes | 9903 | €13,168 | €656 | -€12,512 | -95.0% |
| Income taxes | 67/77 | €1,624 | - | -€1,624 | |
| Profit (loss) for the period | 9904 | €11,544 | €656 | -€10,888 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,544 | €656 | -€10,888 | -94.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.