YATZI: what changed
What changed
YATZI
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€55,764
2024 · €3,134+€52,629
Equity
€356,052
2024 · €448,136-€92,084
Cash
€1,612
2024 · €5,742-€4,130
Balance sheet total
€1.3m
2024 · €1.3m-€47,724
Largest movements
Assets
- Tangible fixed assets -€62,599
down €62,599 (-5.3%), from €1.2m to €1.1m
of which Land and buildings: -€41,484
- Receivables within one year +€18,787
up €18,787 (+14.4%), from €130,450 to €149,237
of which Other amounts receivable: +€19,189
Equity and liabilities
- Other debts +€93,333
up €93,333 (+171%), from €54,514 to €147,847
- Reserves -€92,084
down €92,084 (-21.4%), from €429,536 to €337,452
of which Distributable reserves: -€90,224
- Debts after one year -€56,637
down €56,637 (-8.2%), from €692,855 to €636,218
- Short-term financial debts +€15,284
new in 2025: €15,284
Income statement
- Gross operating margin +€74,241
up €74,241 (+87.4%), from €84,942 to €159,183
- Taxes +€25,028
up €25,028 (+946%), from €2,645 to €27,673
- Financial income +€2,515
up €2,515 (+50.0%), from €5,029 to €7,544
- Financial charges -€2,448
down €2,448 (-17.4%), from €14,098 to €11,649
- Depreciation +€1,841
up €1,841 (+2.9%), from €63,759 to €65,599
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€3,134
Gross operating margin
+€74,241
Depreciation
-€1,841
Other operating charges
+€293
Financial income
+€2,515
Financial charges
+€2,448
Taxes
-€25,028
Result 2025
€55,764
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€193,607
Investment
-€3,000
Financing
-€194,736
Cash 2024
€5,742
From operations (derived)
+€193,607
Net result for the year
+€55,764
Depreciation
+€65,599
Receivables within one year
-€18,787
Deferred charges and accrued income
-€217
Trade debts
-€1,195
Tax, wage and social debts
-€890
Other debts
+€93,333
Investment (derived)
-€3,000
Investment in fixed assets (net)
-€3,000
Financing
-€194,736
Debts after one year
-€56,637
Current portion of long-term debt
-€5,536
Short-term financial debts
+€15,284
Contributions, distributions and other
-€147,847
Cash 2025
€1,612
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,328,787 | €1,281,062 | -€47,724 | -3.6% |
| Fixed assets | 21/28 | €1,188,850 | €1,126,250 | -€62,599 | -5.3% |
| Tangible fixed assets | 22/27 | €1,188,850 | €1,126,250 | -€62,599 | -5.3% |
| Land and buildings | 22 | €1,114,699 | €1,073,215 | -€41,484 | -3.7% |
| Plant, machinery and equipment | 23 | €13,916 | €14,073 | +€157 | +1.1% |
| Furniture and vehicles | 24 | €53,671 | €32,398 | -€21,273 | -39.6% |
| Other tangible fixed assets | 26 | €6,564 | €6,564 | = | 0.0% |
| Current assets | 29/58 | €139,937 | €154,812 | +€14,875 | +10.6% |
| Amounts receivable within one year | 40/41 | €130,450 | €149,237 | +€18,787 | +14.4% |
| Trade receivables | 40 | €402 | - | -€402 | |
| Other amounts receivable | 41 | €130,047 | €149,237 | +€19,189 | +14.8% |
| Cash at bank and in hand | 54/58 | €5,742 | €1,612 | -€4,130 | -71.9% |
| Deferred charges and accrued income | 490/1 | €3,745 | €3,963 | +€217 | +5.8% |
| Total equity and liabilities | 10/49 | €1,328,787 | €1,281,062 | -€47,724 | -3.6% |
| Equity | 10/15 | €448,136 | €356,052 | -€92,084 | -20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €429,536 | €337,452 | -€92,084 | -21.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €427,676 | €337,452 | -€90,224 | -21.1% |
| Amounts payable | 17/49 | €880,650 | €925,010 | +€44,359 | +5.0% |
| Amounts payable after more than one year | 17 | €692,855 | €636,218 | -€56,637 | -8.2% |
| Financial debts | 170/4 | €692,855 | €636,218 | -€56,637 | -8.2% |
| Amounts payable within one year | 42/48 | €187,795 | €288,792 | +€100,997 | +53.8% |
| Current portion of amounts payable after more than one year | 42 | €121,501 | €115,965 | -€5,536 | -4.6% |
| Financial debts | 43 | - | €15,284 | +€15,284 | |
| Credit institutions | 430/8 | - | €15,284 | +€15,284 | |
| Trade debts | 44 | €6,548 | €5,353 | -€1,195 | -18.2% |
| Suppliers | 440/4 | €6,548 | €5,353 | -€1,195 | -18.2% |
| Taxes, remuneration and social security | 45 | €5,232 | €4,342 | -€890 | -17.0% |
| Taxes | 450/3 | €2,232 | €4,342 | +€2,110 | +94.5% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €54,514 | €147,847 | +€93,333 | +171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,759 | €65,599 | +€1,841 | +2.9% |
| Other operating charges | 640/8 | €6,335 | €6,042 | -€293 | -4.6% |
| Gross operating margin | 9900 | €84,942 | €159,183 | +€74,241 | +87.4% |
| Operating profit (loss) | 9901 | €14,848 | €87,542 | +€72,693 | +490% |
| Financial income | 75/76B | €5,029 | €7,544 | +€2,515 | +50.0% |
| Recurring financial income | 75 | €5,029 | €7,544 | +€2,515 | +50.0% |
| Financial charges | 65/66B | €14,098 | €11,649 | -€2,448 | -17.4% |
| Recurring financial charges | 65 | €14,098 | €11,649 | -€2,448 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €5,780 | €83,436 | +€77,657 | +1,344% |
| Income taxes | 67/77 | €2,645 | €27,673 | +€25,028 | +946% |
| Profit (loss) for the period | 9904 | €3,134 | €55,764 | +€52,629 | +1,679% |
| Profit (loss) for the period to be appropriated | 9905 | €3,134 | €55,764 | +€52,629 | +1,679% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.