YEMBOATE: 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.
YEMBOATE
Largest movements
- Receivables within one year +€188,800
up €188,800 (+104.8%), from €180,167 to €368,967
of which Trade receivables: +€151,196
- Cash +€109,686
up €109,686 (+1061.9%), from €10,329 to €120,015
mainly Trade debts (+€187,155) and Net result for the year (+€88,561)
- Trade debts +€187,155
up €187,155 (+373.2%), from €50,152 to €237,307
- Profit (loss) carried forward +€88,561
up €88,561 (+85.7%), from €103,344 to €191,904
- Tax, wage and social debts +€22,500
up €22,500 (+70.3%), from €32,000 to €54,500
- Gross operating margin -€24,830
down €24,830 (-18.2%), from €136,126 to €111,296
- Taxes -€9,500
down €9,500 (-29.7%), from €32,000 to €22,500
- Depreciation -€1,522
down €1,522 (-100.0%), from €1,522 to €0
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 | €190,496 | €488,982 | +€298,486 | +156.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Current assets | 29/58 | €190,496 | €488,982 | +€298,486 | +156.7% |
| Amounts receivable within one year | 40/41 | €180,167 | €368,967 | +€188,800 | +104.8% |
| Trade receivables | 40 | €87,878 | €239,074 | +€151,196 | +172.1% |
| Other amounts receivable | 41 | €92,289 | €129,893 | +€37,604 | +40.7% |
| Cash at bank and in hand | 54/58 | €10,329 | €120,015 | +€109,686 | +1061.9% |
| Total equity and liabilities | 10/49 | €190,496 | €488,982 | +€298,486 | +156.7% |
| Equity | 10/15 | €108,344 | €196,904 | +€88,561 | +81.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,344 | €191,904 | +€88,561 | +85.7% |
| Amounts payable | 17/49 | €82,152 | €292,078 | +€209,926 | +255.5% |
| Amounts payable within one year | 42/48 | €82,152 | €292,078 | +€209,926 | +255.5% |
| Trade debts | 44 | €50,152 | €237,307 | +€187,155 | +373.2% |
| Suppliers | 440/4 | €50,152 | €237,307 | +€187,155 | +373.2% |
| Taxes, remuneration and social security | 45 | €32,000 | €54,500 | +€22,500 | +70.3% |
| Taxes | 450/3 | €32,000 | €54,500 | +€22,500 | +70.3% |
| Other amounts payable | 47/48 | - | €271 | +€271 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,522 | €0 | -€1,522 | -100.0% |
| Other operating charges | 640/8 | €1,573 | €1,815 | +€242 | +15.4% |
| Gross operating margin | 9900 | €136,126 | €111,296 | -€24,830 | -18.2% |
| Operating profit (loss) | 9901 | €133,031 | €109,481 | -€23,550 | -17.7% |
| Financial income | 75/76B | €3,001 | €1,837 | -€1,164 | -38.8% |
| Recurring financial income | 75 | €3,001 | €1,837 | -€1,164 | -38.8% |
| Financial charges | 65/66B | €688 | €257 | -€431 | -62.6% |
| Recurring financial charges | 65 | €688 | €257 | -€431 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €135,344 | €111,061 | -€24,283 | -17.9% |
| Income taxes | 67/77 | €32,000 | €22,500 | -€9,500 | -29.7% |
| Profit (loss) for the period | 9904 | €103,344 | €88,561 | -€14,783 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €103,344 | €88,561 | -€14,783 | -14.3% |
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 2 October 2026 via checked.be.