Yenikapi: 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.
Yenikapi
Largest movements
- Receivables within one year +€237,701
up €237,701 (+109.7%), from €216,669 to €454,371
of which Trade receivables: +€166,761
- Tangible fixed assets +€170,649
up €170,649 (+22.1%), from €772,667 to €943,316
of which Land and buildings: +€177,265
- Cash +€28,686
up €28,686 (+49.3%), from €58,195 to €86,881
mainly Debts after one year (+€214,189) and Trade debts (+€183,313)
- Financial fixed assets +€28,375
up €28,375 (+3461.6%), from €820 to €29,195
- Debts after one year +€214,189
up €214,189 (+47.2%), from €454,007 to €668,195
- Trade debts +€183,313
up €183,313 (+123.9%), from €148,011 to €331,323
- Other debts +€151,751
new in 2025: €151,751
- Reserves -€65,000
down €65,000 (-23.8%), from €273,316 to €208,316
of which Distributable reserves: -€65,000
- Current portion of long-term debt +€48,478
up €48,478 (+181.8%), from €26,663 to €75,141
- Gross operating margin +€189,754
up €189,754 (+55.2%), from €343,541 to €533,294
- Staff costs +€93,076
up €93,076 (+27.7%), from €336,270 to €429,346
- Depreciation +€85,306
up €85,306 (+283.3%), from €30,108 to €115,414
- Financial charges +€18,069
up €18,069 (+117.5%), from €15,371 to €33,440
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 | €1,079,769 | €1,544,279 | +€464,510 | +43.0% |
| Fixed assets | 21/28 | €773,487 | €972,511 | +€199,024 | +25.7% |
| Tangible fixed assets | 22/27 | €772,667 | €943,316 | +€170,649 | +22.1% |
| Land and buildings | 22 | €737,444 | €914,709 | +€177,265 | +24.0% |
| Plant, machinery and equipment | 23 | €17,121 | €15,545 | -€1,575 | -9.2% |
| Furniture and vehicles | 24 | €7,899 | €5,675 | -€2,225 | -28.2% |
| Other tangible fixed assets | 26 | €10,203 | €7,387 | -€2,816 | -27.6% |
| Financial fixed assets | 28 | €820 | €29,195 | +€28,375 | +3461.6% |
| Current assets | 29/58 | €306,283 | €571,768 | +€265,485 | +86.7% |
| Stocks and contracts in progress | 3 | €17,357 | €18,249 | +€891 | +5.1% |
| Stocks | 30/36 | €17,357 | €18,249 | +€891 | +5.1% |
| Amounts receivable within one year | 40/41 | €216,669 | €454,371 | +€237,701 | +109.7% |
| Trade receivables | 40 | €45,488 | €212,249 | +€166,761 | +366.6% |
| Other amounts receivable | 41 | €171,181 | €242,121 | +€70,940 | +41.4% |
| Cash at bank and in hand | 54/58 | €58,195 | €86,881 | +€28,686 | +49.3% |
| Deferred charges and accrued income | 490/1 | €14,061 | €12,268 | -€1,793 | -12.8% |
| Total equity and liabilities | 10/49 | €1,079,769 | €1,544,279 | +€464,510 | +43.0% |
| Equity | 10/15 | €381,193 | €272,938 | -€108,256 | -28.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €273,316 | €208,316 | -€65,000 | -23.8% |
| Tax-exempt reserves | 132 | €9,344 | €9,344 | = | 0.0% |
| Distributable reserves | 133 | €263,973 | €198,973 | -€65,000 | -24.6% |
| Profit (loss) carried forward | 14 | €89,277 | €46,021 | -€43,256 | -48.5% |
| Amounts payable | 17/49 | €698,576 | €1,271,342 | +€572,766 | +82.0% |
| Amounts payable after more than one year | 17 | €454,007 | €668,195 | +€214,189 | +47.2% |
| Financial debts | 170/4 | €454,007 | €668,195 | +€214,189 | +47.2% |
| Amounts payable within one year | 42/48 | €244,569 | €603,146 | +€358,577 | +146.6% |
| Current portion of amounts payable after more than one year | 42 | €26,663 | €75,141 | +€48,478 | +181.8% |
| Trade debts | 44 | €148,011 | €331,323 | +€183,313 | +123.9% |
| Suppliers | 440/4 | €148,011 | €331,323 | +€183,313 | +123.9% |
| Taxes, remuneration and social security | 45 | €69,895 | €44,931 | -€24,964 | -35.7% |
| Taxes | 450/3 | €49,921 | €10,017 | -€39,904 | -79.9% |
| Remuneration and social security | 454/9 | €19,974 | €34,913 | +€14,940 | +74.8% |
| Other amounts payable | 47/48 | - | €151,751 | +€151,751 | |
| Remuneration, social security and pensions | 62 | €336,270 | €429,346 | +€93,076 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,108 | €115,414 | +€85,306 | +283.3% |
| Other operating charges | 640/8 | €5,514 | €9,041 | +€3,526 | +64.0% |
| Gross operating margin | 9900 | €343,541 | €533,294 | +€189,754 | +55.2% |
| Operating profit (loss) | 9901 | -€28,352 | -€20,506 | +€7,846 | +27.7% |
| Financial income | 75/76B | €10,094 | €11,096 | +€1,002 | +9.9% |
| Recurring financial income | 75 | €10,094 | €11,096 | +€1,002 | +9.9% |
| Financial charges | 65/66B | €15,371 | €33,440 | +€18,069 | +117.5% |
| Recurring financial charges | 65 | €15,371 | €33,440 | +€18,069 | +117.5% |
| Profit (loss) for the period before taxes | 9903 | -€33,629 | -€42,850 | -€9,221 | -27.4% |
| Income taxes | 67/77 | €1 | €406 | +€405 | +77932.7% |
| Profit (loss) for the period | 9904 | -€33,630 | -€43,256 | -€9,626 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,630 | -€43,256 | -€9,626 | -28.6% |
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 8 October 2026 via checked.be.