Yasmaar: 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.
Yasmaar
Largest movements
- Cash +€280,862
up €280,862 (+66.8%), from €420,463 to €701,325
mainly Depreciation (+€286,052) and Net result for the year (+€73,627)
- Tangible fixed assets -€223,786
down €223,786 (-30.2%), from €742,212 to €518,426
of which Plant, machinery and equipment: -€226,664
- Receivables within one year -€72,946
down €72,946 (-68.9%), from €105,858 to €32,912
of which Other amounts receivable: -€67,403
- Intangible fixed assets -€42,140
down €42,140 (-12.5%), from €337,120 to €294,980
- Accrued charges and deferred income -€125,122
down €125,122 (-15.2%), from €825,122 to €700,000
- Reserves +€73,627
up €73,627 (+11.7%), from €628,143 to €701,770
- Trade debts +€37,760
up €37,760 (+50.2%), from €75,240 to €113,000
- Gross operating margin -€273,866
down €273,866 (-13.5%), from €2.0m to €1.7m
- Staff costs +€103,522
up €103,522 (+8.5%), from €1.2m to €1.3m
- Taxes -€88,836
down €88,836 (-70.7%), from €125,718 to €36,882
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,863,771 | €2,831,025 | -€32,746 | -1.1% |
| Fixed assets | 21/28 | €1,088,181 | €822,508 | -€265,673 | -24.4% |
| Intangible fixed assets | 21 | €337,120 | €294,980 | -€42,140 | -12.5% |
| Tangible fixed assets | 22/27 | €742,212 | €518,426 | -€223,786 | -30.2% |
| Plant, machinery and equipment | 23 | €741,519 | €514,855 | -€226,664 | -30.6% |
| Furniture and vehicles | 24 | €693 | €3,571 | +€2,878 | +415.5% |
| Financial fixed assets | 28 | €8,850 | €9,102 | +€253 | +2.9% |
| Current assets | 29/58 | €1,775,590 | €2,008,517 | +€232,927 | +13.1% |
| Stocks and contracts in progress | 3 | €548,608 | €569,101 | +€20,493 | +3.7% |
| Stocks | 30/36 | €548,608 | €569,101 | +€20,493 | +3.7% |
| Amounts receivable within one year | 40/41 | €105,858 | €32,912 | -€72,946 | -68.9% |
| Trade receivables | 40 | €33,126 | €27,584 | -€5,543 | -16.7% |
| Other amounts receivable | 41 | €72,732 | €5,328 | -€67,403 | -92.7% |
| Current investments | 50/53 | €695,252 | €699,392 | +€4,140 | +0.6% |
| Cash at bank and in hand | 54/58 | €420,463 | €701,325 | +€280,862 | +66.8% |
| Deferred charges and accrued income | 490/1 | €5,408 | €5,788 | +€379 | +7.0% |
| Total equity and liabilities | 10/49 | €2,863,771 | €2,831,025 | -€32,746 | -1.1% |
| Equity | 10/15 | €678,143 | €751,770 | +€73,627 | +10.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €628,143 | €701,770 | +€73,627 | +11.7% |
| Distributable reserves | 133 | €628,143 | €701,770 | +€73,627 | +11.7% |
| Amounts payable | 17/49 | €2,185,628 | €2,079,256 | -€106,373 | -4.9% |
| Amounts payable after more than one year | 17 | €950,000 | €950,000 | = | 0.0% |
| Trade debts | 175 | €950,000 | €950,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €410,506 | €429,256 | +€18,750 | +4.6% |
| Trade debts | 44 | €75,240 | €113,000 | +€37,760 | +50.2% |
| Suppliers | 440/4 | €75,240 | €113,000 | +€37,760 | +50.2% |
| Taxes, remuneration and social security | 45 | €314,947 | €295,237 | -€19,710 | -6.3% |
| Taxes | 450/3 | €137,685 | €53,056 | -€84,629 | -61.5% |
| Remuneration and social security | 454/9 | €177,262 | €242,182 | +€64,919 | +36.6% |
| Other amounts payable | 47/48 | €20,319 | €21,018 | +€700 | +3.4% |
| Accrued charges and deferred income | 492/3 | €825,122 | €700,000 | -€125,122 | -15.2% |
| Remuneration, social security and pensions | 62 | €1,223,182 | €1,326,704 | +€103,522 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281,432 | €286,052 | +€4,620 | +1.6% |
| Other operating charges | 640/8 | €23,210 | €23,795 | +€585 | +2.5% |
| Gross operating margin | 9900 | €2,023,029 | €1,749,163 | -€273,866 | -13.5% |
| Operating profit (loss) | 9901 | €495,205 | €112,612 | -€382,593 | -77.3% |
| Financial income | 75/76B | €13,509 | €6,378 | -€7,131 | -52.8% |
| Recurring financial income | 75 | €13,509 | €6,378 | -€7,131 | -52.8% |
| Financial charges | 65/66B | €11,924 | €8,481 | -€3,442 | -28.9% |
| Recurring financial charges | 65 | €11,924 | €8,481 | -€3,442 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €496,790 | €110,508 | -€386,281 | -77.8% |
| Income taxes | 67/77 | €125,718 | €36,882 | -€88,836 | -70.7% |
| Profit (loss) for the period | 9904 | €371,072 | €73,627 | -€297,445 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €371,072 | €73,627 | -€297,445 | -80.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.