YENI ERDOGAN: 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.
YENI ERDOGAN
Largest movements
- Tangible fixed assets +€2,493
up €2,493 (+24.6%), from €10,150 to €12,643
of which Furniture and vehicles: +€1,405
- Stocks and contracts +€911
up €911 (+41.9%), from €2,175 to €3,085
- Cash +€771
up €771 (+9.6%), from €7,998 to €8,769
mainly Net result for the year (+€5,309) and Depreciation (+€3,631)
- Receivables within one year +€677
up €677 (+11.8%), from €5,745 to €6,422
of which Trade receivables: +€668
- Profit (loss) carried forward +€5,309
up €5,309 (+311%), from €1,708 to €7,017
- Trade debts -€1,759
down €1,759 (-47.0%), from €3,743 to €1,985
- Tax, wage and social debts +€1,302
up €1,302 (+29.5%), from €4,405 to €5,707
of which Taxes: +€1,074
- Staff costs -€22,648
down €22,648 (-57.1%), from €39,636 to €16,988
- Gross operating margin -€22,605
down €22,605 (-45.8%), from €49,402 to €26,797
- Depreciation +€2,207
up €2,207 (+155%), from €1,424 to €3,631
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.
Derived cash bridge
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 | €26,067 | €30,918 | +€4,852 | +18.6% |
| Fixed assets | 21/28 | €10,150 | €12,643 | +€2,493 | +24.6% |
| Tangible fixed assets | 22/27 | €10,150 | €12,643 | +€2,493 | +24.6% |
| Plant, machinery and equipment | 23 | €7,180 | €8,268 | +€1,088 | +15.2% |
| Furniture and vehicles | 24 | €2,970 | €4,375 | +€1,405 | +47.3% |
| Current assets | 29/58 | €15,917 | €18,276 | +€2,359 | +14.8% |
| Stocks and contracts in progress | 3 | €2,175 | €3,085 | +€911 | +41.9% |
| Stocks | 30/36 | €2,175 | €3,085 | +€911 | +41.9% |
| Amounts receivable within one year | 40/41 | €5,745 | €6,422 | +€677 | +11.8% |
| Trade receivables | 40 | €5,530 | €6,199 | +€668 | +12.1% |
| Other amounts receivable | 41 | €214 | €223 | +€9 | +4.2% |
| Cash at bank and in hand | 54/58 | €7,998 | €8,769 | +€771 | +9.6% |
| Total equity and liabilities | 10/49 | €26,067 | €30,918 | +€4,852 | +18.6% |
| Equity | 10/15 | €17,918 | €23,227 | +€5,309 | +29.6% |
| Contributions | 10/11 | €16,210 | €16,210 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,708 | €7,017 | +€5,309 | +311% |
| Amounts payable | 17/49 | €8,148 | €7,691 | -€457 | -5.6% |
| Amounts payable within one year | 42/48 | €8,148 | €7,691 | -€457 | -5.6% |
| Trade debts | 44 | €3,743 | €1,985 | -€1,759 | -47.0% |
| Suppliers | 440/4 | €3,743 | €1,985 | -€1,759 | -47.0% |
| Taxes, remuneration and social security | 45 | €4,405 | €5,707 | +€1,302 | +29.5% |
| Taxes | 450/3 | €1,506 | €2,581 | +€1,074 | +71.3% |
| Remuneration and social security | 454/9 | €2,899 | €3,126 | +€227 | +7.8% |
| Remuneration, social security and pensions | 62 | €39,636 | €16,988 | -€22,648 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,424 | €3,631 | +€2,207 | +155% |
| Other operating charges | 640/8 | €857 | €519 | -€338 | -39.4% |
| Gross operating margin | 9900 | €49,402 | €26,797 | -€22,605 | -45.8% |
| Operating profit (loss) | 9901 | €7,486 | €5,659 | -€1,827 | -24.4% |
| Financial charges | 65/66B | €370 | €350 | -€20 | -5.3% |
| Recurring financial charges | 65 | €370 | €350 | -€20 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €7,116 | €5,309 | -€1,807 | -25.4% |
| Profit (loss) for the period | 9904 | €7,116 | €5,309 | -€1,807 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,116 | €5,309 | -€1,807 | -25.4% |
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 23 October 2026 via checked.be.