YARO: 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
YARO
NACE 52.210, Service activities incidental to land transportation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€131,131
2024 · €175,390-€44,260
Equity
€251,325
2024 · €1.4m-€1.2m
Cash
€155,315
2024 · €31,393+€123,922
Balance sheet total
€1.8m
2024 · €3.0m-€1.2m
Largest movements
Assets
- Financial fixed assets -€1.3m
no longer reported in 2025 (was €1.3m)
- Cash +€123,922
up €123,922 (+394.7%), from €31,393 to €155,315
mainly Investment in fixed assets (net) (+€1.2m) and Depreciation (+€141,649)
- Tangible fixed assets -€92,519
down €92,519 (-9.4%), from €981,443 to €888,924
of which Furniture and vehicles: -€134,809
Equity and liabilities
- Profit (loss) carried forward -€546,051
down €546,051 (-79.1%), from €690,136 to €144,085
- Reserves -€449,072
down €449,072 (-90.8%), from €494,812 to €45,741
of which Tax-exempt reserves: -€430,883
- Contributions -€181,885
down €181,885 (-74.7%), from €243,385 to €61,500
- Short-term financial debts +€125,000
new in 2025: €125,000
- Debts after one year -€117,932
down €117,932 (-25.3%), from €465,621 to €347,688
Income statement
- Turnover +€222,439
up €222,439 (+4.3%), from €5.2m to €5.4m
- Staff costs +€160,103
up €160,103 (+16.6%), from €967,234 to €1.1m
- Other operating income -€104,172
down €104,172 (-21.0%), from €496,329 to €392,157
- Services and other goods +€62,182
up €62,182 (+2.6%), from €2.4m to €2.5m
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
€175,390
Turnover
+€222,439
Other operating income
-€104,172
Goods and materials
+€53,987
Services and other goods
-€62,182
Staff costs
-€160,103
Depreciation
-€22,148
Other operating charges
-€3,950
Other operating items
+€25,285
Financial income
-€464
Financial charges
-€15,917
Taxes
+€22,966
Result 2025
€131,131
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
+€228,530
Investment
+€1.2m
Financing
-€1.4m
Cash 2024
€31,393
From operations (derived)
+€228,530
Net result for the year
+€131,131
Depreciation
+€141,649
Stocks and contracts
-€26,779
Receivables within one year
-€16,955
Smaller working-capital items
-€1,332
Trade debts
-€5,151
Tax, wage and social debts
+€46,055
Other debts
-€40,088
Investment (derived)
+€1.2m
Investment in fixed assets (net)
+€1.2m
Financing
-€1.4m
Debts after one year
-€117,932
Current portion of long-term debt
-€52,546
Short-term financial debts
+€125,000
Contributions, distributions and other
-€1.3m
Cash 2025
€155,315
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,981,661 | €1,760,905 | -€1.2m | -40.9% |
| Fixed assets | 21/28 | €2,279,581 | €888,924 | -€1.4m | -61.0% |
| Tangible fixed assets | 22/27 | €981,443 | €888,924 | -€92,519 | -9.4% |
| Land and buildings | 22 | €302,500 | €302,500 | = | 0.0% |
| Furniture and vehicles | 24 | €492,339 | €357,530 | -€134,809 | -27.4% |
| Leasing and similar rights | 25 | €25,597 | €67,887 | +€42,290 | +165.2% |
| Other tangible fixed assets | 26 | €161,007 | €161,007 | = | 0.0% |
| Financial fixed assets | 28 | €1,298,138 | - | -€1.3m | |
| Affiliated companies | 280/1 | €1,298,138 | - | -€1.3m | |
| Participating interests | 280 | €1,298,138 | - | -€1.3m | |
| Current assets | 29/58 | €702,080 | €871,981 | +€169,901 | +24.2% |
| Stocks and contracts in progress | 3 | €20,996 | €47,775 | +€26,779 | +127.5% |
| Stocks | 30/36 | €20,996 | €47,775 | +€26,779 | +127.5% |
| Raw materials and consumables | 30/31 | €20,996 | €47,775 | +€26,779 | +127.5% |
| Amounts receivable within one year | 40/41 | €638,891 | €655,846 | +€16,955 | +2.7% |
| Trade receivables | 40 | €555,045 | €649,687 | +€94,642 | +17.1% |
| Other amounts receivable | 41 | €83,846 | €6,160 | -€77,687 | -92.7% |
| Cash at bank and in hand | 54/58 | €31,393 | €155,315 | +€123,922 | +394.7% |
| Deferred charges and accrued income | 490/1 | €10,799 | €13,045 | +€2,245 | +20.8% |
| Total equity and liabilities | 10/49 | €2,981,661 | €1,760,905 | -€1.2m | -40.9% |
| Equity | 10/15 | €1,428,333 | €251,325 | -€1.2m | -82.4% |
| Contributions | 10/11 | €243,385 | €61,500 | -€181,885 | -74.7% |
| Capital | 10 | €243,385 | €61,500 | -€181,885 | -74.7% |
| Issued capital | 100 | €243,385 | €61,500 | -€181,885 | -74.7% |
| Reserves | 13 | €494,812 | €45,741 | -€449,072 | -90.8% |
| Non-distributable reserves | 130/1 | €24,338 | €6,150 | -€18,188 | -74.7% |
| Legal reserve | 130 | €24,338 | €6,150 | -€18,188 | -74.7% |
| Tax-exempt reserves | 132 | €470,474 | €39,591 | -€430,883 | -91.6% |
| Profit (loss) carried forward | 14 | €690,136 | €144,085 | -€546,051 | -79.1% |
| Amounts payable | 17/49 | €1,553,328 | €1,509,580 | -€43,748 | -2.8% |
| Amounts payable after more than one year | 17 | €465,621 | €347,688 | -€117,932 | -25.3% |
| Financial debts | 170/4 | €465,621 | €347,688 | -€117,932 | -25.3% |
| Credit institutions | 173 | €465,621 | €347,688 | -€117,932 | -25.3% |
| Amounts payable within one year | 42/48 | €1,087,708 | €1,160,978 | +€73,271 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €264,428 | €211,882 | -€52,546 | -19.9% |
| Financial debts | 43 | - | €125,000 | +€125,000 | |
| Other loans | 439 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | €449,539 | €444,388 | -€5,151 | -1.1% |
| Suppliers | 440/4 | €449,539 | €444,388 | -€5,151 | -1.1% |
| Taxes, remuneration and social security | 45 | €104,133 | €150,188 | +€46,055 | +44.2% |
| Taxes | 450/3 | €12,579 | €40,651 | +€28,072 | +223.2% |
| Remuneration and social security | 454/9 | €91,554 | €109,537 | +€17,984 | +19.6% |
| Other amounts payable | 47/48 | €269,608 | €229,520 | -€40,088 | -14.9% |
| Accrued charges and deferred income | 492/3 | - | €913 | +€913 | |
| Operating income | 70/76A | €5,705,127 | €5,855,124 | +€149,998 | +2.6% |
| Turnover | 70 | €5,197,350 | €5,419,789 | +€222,439 | +4.3% |
| Other operating income | 74 | €496,329 | €392,157 | -€104,172 | -21.0% |
| Non-recurring operating income | 76A | €11,447 | €43,178 | +€31,731 | +277.2% |
| Operating charges | 60/66A | €5,452,715 | €5,653,557 | +€200,842 | +3.7% |
| Goods for resale, raw materials and consumables | 60 | €1,922,760 | €1,868,773 | -€53,987 | -2.8% |
| Purchases | 600/8 | €1,942,176 | €1,895,552 | -€46,624 | -2.4% |
| Change in stocks: decrease (increase) | 609 | -€19,416 | -€26,779 | -€7,363 | -37.9% |
| Services and other goods | 61 | €2,413,650 | €2,475,832 | +€62,182 | +2.6% |
| Remuneration, social security and pensions | 62 | €967,234 | €1,127,337 | +€160,103 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,501 | €141,649 | +€22,148 | +18.5% |
| Other operating charges | 640/8 | €29,486 | €33,436 | +€3,950 | +13.4% |
| Non-recurring operating charges | 66A | €83 | €6,530 | +€6,447 | +7767.9% |
| Operating profit (loss) | 9901 | €252,412 | €201,567 | -€50,845 | -20.1% |
| Financial income | 75/76B | €29,562 | €29,099 | -€464 | -1.6% |
| Recurring financial income | 75 | €29,562 | €29,099 | -€464 | -1.6% |
| Income from current assets | 751 | - | €459 | +€459 | |
| Other financial income | 752/9 | €29,562 | €28,639 | -€923 | -3.1% |
| Financial charges | 65/66B | €34,348 | €50,265 | +€15,917 | +46.3% |
| Recurring financial charges | 65 | €34,348 | €50,265 | +€15,917 | +46.3% |
| Debt charges | 650 | €27,730 | €42,854 | +€15,124 | +54.5% |
| Other financial charges | 652/9 | €6,618 | €7,411 | +€793 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €247,626 | €180,401 | -€67,225 | -27.1% |
| Income taxes | 67/77 | €72,236 | €49,271 | -€22,966 | -31.8% |
| Taxes | 670/3 | €72,236 | €49,271 | -€22,966 | -31.8% |
| Profit (loss) for the period | 9904 | €175,390 | €131,131 | -€44,260 | -25.2% |
| Transfer to tax-exempt reserves | 689 | €107,872 | - | -€107,872 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,518 | €131,131 | +€63,612 | +94.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.