YCEM: 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.
YCEM
Largest movements
- Cash +€45,256
up €45,256 (+388.5%), from €11,649 to €56,905
mainly Other debts (+€38,716) and Net result for the year (+€36,121)
- Tangible fixed assets +€29,817
up €29,817 (+15.5%), from €192,408 to €222,225
of which Land and buildings: +€30,492
- Receivables within one year +€13,040
up €13,040 (+129.1%), from €10,098 to €23,138
of which Trade receivables: +€12,705
- Other debts +€38,716
up €38,716 (+37.0%), from €104,658 to €143,374
- Profit (loss) carried forward +€36,121
up €36,121, from -€10,907 to €25,214
- Tax, wage and social debts +€14,569
up €14,569 (+459.5%), from €3,170 to €17,740
- Debts after one year -€4,867
down €4,867 (-5.7%), from €85,291 to €80,424
- Gross operating margin +€26,110
up €26,110 (+74.5%), from €35,046 to €61,157
- Depreciation -€22,588
down €22,588 (-76.0%), from €29,733 to €7,145
- Taxes +€13,172
up €13,172, from €0 to €13,172
- Financial charges +€3,222
up €3,222 (+1626.1%), from €198 to €3,420
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,467 | €302,268 | +€87,801 | +40.9% |
| Fixed assets | 21/28 | €192,408 | €222,225 | +€29,817 | +15.5% |
| Tangible fixed assets | 22/27 | €192,408 | €222,225 | +€29,817 | +15.5% |
| Land and buildings | 22 | €191,733 | €222,225 | +€30,492 | +15.9% |
| Furniture and vehicles | 24 | €675 | €0 | -€675 | -100.0% |
| Current assets | 29/58 | €22,059 | €80,043 | +€57,984 | +262.9% |
| Amounts receivable within one year | 40/41 | €10,098 | €23,138 | +€13,040 | +129.1% |
| Trade receivables | 40 | - | €12,705 | +€12,705 | |
| Other amounts receivable | 41 | €10,098 | €10,433 | +€335 | +3.3% |
| Cash at bank and in hand | 54/58 | €11,649 | €56,905 | +€45,256 | +388.5% |
| Deferred charges and accrued income | 490/1 | €311 | €0 | -€311 | -100.0% |
| Total equity and liabilities | 10/49 | €214,467 | €302,268 | +€87,801 | +40.9% |
| Equity | 10/15 | €14,759 | €50,881 | +€36,121 | +244.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €13,266 | €13,266 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €278 | €278 | = | 0.0% |
| Distributable reserves | 133 | €12,988 | €12,988 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,907 | €25,214 | +€36,121 | |
| Amounts payable | 17/49 | €199,708 | €251,388 | +€51,680 | +25.9% |
| Amounts payable after more than one year | 17 | €85,291 | €80,424 | -€4,867 | -5.7% |
| Financial debts | 170/4 | €85,291 | €80,424 | -€4,867 | -5.7% |
| Amounts payable within one year | 42/48 | €114,417 | €170,964 | +€56,547 | +49.4% |
| Current portion of amounts payable after more than one year | 42 | €4,709 | €6,522 | +€1,813 | +38.5% |
| Financial debts | 43 | €17 | €390 | +€373 | +2206.4% |
| Credit institutions | 430/8 | €17 | €390 | +€373 | +2206.4% |
| Trade debts | 44 | €1,863 | €2,939 | +€1,076 | +57.8% |
| Suppliers | 440/4 | €1,863 | €2,939 | +€1,076 | +57.8% |
| Taxes, remuneration and social security | 45 | €3,170 | €17,740 | +€14,569 | +459.5% |
| Taxes | 450/3 | €3,170 | €17,740 | +€14,569 | +459.5% |
| Other amounts payable | 47/48 | €104,658 | €143,374 | +€38,716 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,733 | €7,145 | -€22,588 | -76.0% |
| Other operating charges | 640/8 | €1,705 | €1,302 | -€403 | -23.6% |
| Gross operating margin | 9900 | €35,046 | €61,157 | +€26,110 | +74.5% |
| Operating profit (loss) | 9901 | €3,608 | €52,709 | +€49,101 | +1360.8% |
| Financial income | 75/76B | €71 | €4 | -€67 | -94.2% |
| Recurring financial income | 75 | €71 | €4 | -€67 | -94.2% |
| Financial charges | 65/66B | €198 | €3,420 | +€3,222 | +1626.1% |
| Recurring financial charges | 65 | €198 | €3,420 | +€3,222 | +1626.1% |
| Profit (loss) for the period before taxes | 9903 | €3,481 | €49,293 | +€45,812 | +1315.9% |
| Income taxes | 67/77 | €0 | €13,172 | +€13,172 | |
| Profit (loss) for the period | 9904 | €3,481 | €36,121 | +€32,640 | +937.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,481 | €36,121 | +€32,640 | +937.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.