YASSINE: 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.
What changed
YASSINE
NACE 42.220, Construction of utility projects for electricity and telecommunications
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€70,007
2024 · €28,918+€41,089
Equity
€2.0m
2024 · €2.1m-€55,354
Cash
€35,258
2024 · €43,077-€7,819
Balance sheet total
€2.2m
2024 · €2.3m-€74,238
Largest movements
Assets
- Tangible fixed assets -€51,933
down €51,933 (-2.4%), from €2.2m to €2.1m
of which Furniture and vehicles: -€32,190
Equity and liabilities
- Profit (loss) carried forward -€35,715
down €35,715 (-20.6%), from €173,532 to €137,817
- Tax, wage and social debts +€30,184
up €30,184 (+103.5%), from €29,152 to €59,336
of which Taxes: +€33,173
- Provisions -€29,882
no longer reported in 2025 (was €29,882)
Income statement
- Staff costs -€70,029
down €70,029 (-88.3%), from €79,303 to €9,274
- Taxes +€34,459
up €34,459 (+179.5%), from €19,194 to €53,653
- Gross operating margin +€33,250
up €33,250 (+15.0%), from €220,943 to €254,193
- Depreciation +€30,062
up €30,062 (+44.9%), from €66,907 to €96,969
- Other operating charges -€3,949
down €3,949 (-16.4%), from €24,068 to €20,119
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
€28,918
Gross operating margin
+€33,250
Staff costs
+€70,029
Depreciation
-€30,062
Other operating charges
+€3,949
Financial income
-€1,110
Financial charges
-€508
Taxes
-€34,459
Result 2025
€70,007
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
+€183,805
Investment
-€45,036
Financing
-€146,588
Cash 2024
€43,077
From operations (derived)
+€183,805
Net result for the year
+€70,007
Depreciation
+€96,969
Stocks and contracts
-€106
Receivables within one year
+€14,217
Deferred charges and accrued income
+€374
Provisions
-€29,882
Trade debts
-€1,890
Tax, wage and social debts
+€30,184
Other debts
-€1,062
Accrued charges and deferred income
+€4,993
Investment (derived)
-€45,036
Investment in fixed assets (net)
-€45,036
Financing
-€146,588
Debts after one year
-€15,603
Current portion of long-term debt
+€616
Short-term financial debts
-€6,240
Contributions, distributions and other
-€125,361
Cash 2025
€35,258
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,284,797 | €2,210,559 | -€74,238 | -3.2% |
| Fixed assets | 21/28 | €2,159,556 | €2,107,623 | -€51,933 | -2.4% |
| Tangible fixed assets | 22/27 | €2,159,457 | €2,107,524 | -€51,933 | -2.4% |
| Land and buildings | 22 | €2,050,055 | €2,030,890 | -€19,165 | -0.9% |
| Plant, machinery and equipment | 23 | €1,264 | €685 | -€579 | -45.8% |
| Furniture and vehicles | 24 | €108,138 | €75,948 | -€32,190 | -29.8% |
| Financial fixed assets | 28 | €99 | €99 | +€0 | +0.2% |
| Current assets | 29/58 | €125,241 | €102,937 | -€22,304 | -17.8% |
| Stocks and contracts in progress | 3 | €611 | €717 | +€106 | +17.3% |
| Stocks | 30/36 | €611 | €717 | +€106 | +17.3% |
| Amounts receivable within one year | 40/41 | €73,858 | €59,641 | -€14,217 | -19.2% |
| Trade receivables | 40 | €72,680 | €50,516 | -€22,164 | -30.5% |
| Other amounts receivable | 41 | €1,178 | €9,125 | +€7,947 | +674.6% |
| Cash at bank and in hand | 54/58 | €43,077 | €35,258 | -€7,819 | -18.2% |
| Deferred charges and accrued income | 490/1 | €7,695 | €7,321 | -€374 | -4.9% |
| Total equity and liabilities | 10/49 | €2,284,797 | €2,210,559 | -€74,238 | -3.2% |
| Equity | 10/15 | €2,080,590 | €2,025,236 | -€55,354 | -2.7% |
| Contributions | 10/11 | €74,500 | €74,500 | = | 0.0% |
| Capital | 10 | €74,500 | €74,500 | = | 0.0% |
| Issued capital | 100 | €74,500 | €74,500 | = | 0.0% |
| Revaluation surpluses | 12 | €1,597,452 | €1,597,452 | = | 0.0% |
| Reserves | 13 | €235,106 | €215,466 | -€19,640 | -8.4% |
| Non-distributable reserves | 130/1 | €7,450 | €7,450 | = | 0.0% |
| Legal reserve | 130 | €7,450 | €7,450 | = | 0.0% |
| Tax-exempt reserves | 132 | €89,647 | - | -€89,647 | |
| Distributable reserves | 133 | €138,009 | €208,016 | +€70,007 | +50.7% |
| Profit (loss) carried forward | 14 | €173,532 | €137,817 | -€35,715 | -20.6% |
| Provisions and deferred taxes | 16 | €29,882 | - | -€29,882 | |
| Deferred taxes | 168 | €29,882 | - | -€29,882 | |
| Amounts payable | 17/49 | €174,325 | €185,323 | +€10,998 | +6.3% |
| Amounts payable after more than one year | 17 | €58,944 | €43,341 | -€15,603 | -26.5% |
| Financial debts | 170/4 | €58,944 | €43,341 | -€15,603 | -26.5% |
| Amounts payable within one year | 42/48 | €115,381 | €136,989 | +€21,608 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €14,987 | €15,603 | +€616 | +4.1% |
| Financial debts | 43 | €10,987 | €4,747 | -€6,240 | -56.8% |
| Credit institutions | 430/8 | €10,987 | €4,747 | -€6,240 | -56.8% |
| Trade debts | 44 | €28,141 | €26,251 | -€1,890 | -6.7% |
| Suppliers | 440/4 | €28,141 | €26,251 | -€1,890 | -6.7% |
| Taxes, remuneration and social security | 45 | €29,152 | €59,336 | +€30,184 | +103.5% |
| Taxes | 450/3 | €19,194 | €52,367 | +€33,173 | +172.8% |
| Remuneration and social security | 454/9 | €9,958 | €6,969 | -€2,989 | -30.0% |
| Other amounts payable | 47/48 | €32,114 | €31,052 | -€1,062 | -3.3% |
| Accrued charges and deferred income | 492/3 | - | €4,993 | +€4,993 | |
| Remuneration, social security and pensions | 62 | €79,303 | €9,274 | -€70,029 | -88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,907 | €96,969 | +€30,062 | +44.9% |
| Other operating charges | 640/8 | €24,068 | €20,119 | -€3,949 | -16.4% |
| Gross operating margin | 9900 | €220,943 | €254,193 | +€33,250 | +15.0% |
| Operating profit (loss) | 9901 | €50,665 | €127,831 | +€77,166 | +152.3% |
| Financial income | 75/76B | €1,110 | - | -€1,110 | |
| Recurring financial income | 75 | €1,110 | - | -€1,110 | |
| Financial charges | 65/66B | €3,663 | €4,171 | +€508 | +13.9% |
| Recurring financial charges | 65 | €3,663 | €4,171 | +€508 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €48,112 | €123,660 | +€75,548 | +157.0% |
| Income taxes | 67/77 | €19,194 | €53,653 | +€34,459 | +179.5% |
| Profit (loss) for the period | 9904 | €28,918 | €70,007 | +€41,089 | +142.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,918 | €70,007 | +€41,089 | +142.1% |
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 10 October 2026 via checked.be.