YECO: 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.
YECO
Largest movements
- Receivables within one year +€78,934
up €78,934 (+43.7%), from €180,627 to €259,562
of which Other amounts receivable: +€43,358
- Cash -€75,301
down €75,301 (-32.1%), from €234,789 to €159,488
mainly Receivables within one year (-€78,934) and Contributions, distributions and other (-€68,844)
- Tangible fixed assets -€16,069
down €16,069 (-35.0%), from €45,972 to €29,904
- Reserves -€36,410
down €36,410 (-7.0%), from €522,490 to €486,080
- Other debts +€19,346
up €19,346 (+41.9%), from €46,197 to €65,543
- Trade debts +€15,999
up €15,999 (+307%), from €5,206 to €21,205
- Debts after one year -€10,397
down €10,397 (-46.8%), from €22,198 to €11,801
- Financial income -€162,031
down €162,031 (-100%), from €162,031 to €0
- Gross operating margin +€36,014
up €36,014 (+116%), from €31,147 to €67,160
- Taxes -€4,467
down €4,467 (-23.8%), from €18,768 to €14,302
- Financial charges -€1,045
down €1,045 (-31.9%), from €3,278 to €2,233
- Other operating charges +€971
up €971 (+84.2%), from €1,153 to €2,124
From the 31-12-2024 result to the 31-12-2025 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.
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €633,425 | €625,935 | -€7,489 | -1.2% |
| Fixed assets | 21/28 | €211,917 | €195,848 | -€16,069 | -7.6% |
| Tangible fixed assets | 22/27 | €45,972 | €29,904 | -€16,069 | -35.0% |
| Furniture and vehicles | 24 | €45,972 | €29,904 | -€16,069 | -35.0% |
| Financial fixed assets | 28 | €165,945 | €165,945 | = | 0.0% |
| Current assets | 29/58 | €421,508 | €430,087 | +€8,579 | +2.0% |
| Amounts receivable within one year | 40/41 | €180,627 | €259,562 | +€78,934 | +43.7% |
| Trade receivables | 40 | €14,944 | €50,520 | +€35,577 | +238% |
| Other amounts receivable | 41 | €165,684 | €209,042 | +€43,358 | +26.2% |
| Cash at bank and in hand | 54/58 | €234,789 | €159,488 | -€75,301 | -32.1% |
| Deferred charges and accrued income | 490/1 | €6,092 | €11,038 | +€4,946 | +81.2% |
| Total equity and liabilities | 10/49 | €633,425 | €625,935 | -€7,489 | -1.2% |
| Equity | 10/15 | €532,490 | €496,080 | -€36,410 | -6.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €522,490 | €486,080 | -€36,410 | -7.0% |
| Distributable reserves | 133 | €522,490 | €486,080 | -€36,410 | -7.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €100,935 | €129,855 | +€28,921 | +28.7% |
| Amounts payable after more than one year | 17 | €22,198 | €11,801 | -€10,397 | -46.8% |
| Financial debts | 170/4 | €22,198 | €11,801 | -€10,397 | -46.8% |
| Amounts payable within one year | 42/48 | €76,237 | €115,555 | +€39,318 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | €9,943 | €10,397 | +€454 | +4.6% |
| Trade debts | 44 | €5,206 | €21,205 | +€15,999 | +307% |
| Suppliers | 440/4 | €5,206 | €21,205 | +€15,999 | +307% |
| Taxes, remuneration and social security | 45 | €14,891 | €18,410 | +€3,519 | +23.6% |
| Taxes | 450/3 | €14,891 | €18,410 | +€3,519 | +23.6% |
| Other amounts payable | 47/48 | €46,197 | €65,543 | +€19,346 | +41.9% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,382 | €16,069 | -€314 | -1.9% |
| Other operating charges | 640/8 | €1,153 | €2,124 | +€971 | +84.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €31,147 | €67,160 | +€36,014 | +116% |
| Operating profit (loss) | 9901 | €13,611 | €48,968 | +€35,357 | +260% |
| Financial income | 75/76B | €162,031 | €0 | -€162,031 | -100% |
| Recurring financial income | 75 | €162,031 | €0 | -€162,031 | -100% |
| Financial charges | 65/66B | €3,278 | €2,233 | -€1,045 | -31.9% |
| Recurring financial charges | 65 | €3,278 | €2,233 | -€1,045 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €172,364 | €46,735 | -€125,629 | -72.9% |
| Income taxes | 67/77 | €18,768 | €14,302 | -€4,467 | -23.8% |
| Profit (loss) for the period | 9904 | €153,596 | €32,434 | -€121,162 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €153,596 | €32,434 | -€121,162 | -78.9% |
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 13 October 2026 via checked.be.