YEPP: 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.
What changed
YEPP
NACE 46.832, Wholesale of timber
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€269,111
2024 · -€499,571+€230,460
Equity
€3.3m
2024 · €3.5m-€269,111
Cash
€4,038
2024 · €223,714-€219,676
Balance sheet total
€11.0m
2024 · €11.5m-€492,074
Largest movements
Assets
- Cash -€219,676
down €219,676 (-98.2%), from €223,714 to €4,038
mainly Net result for the year (-€269,111) and Short-term financial debts (-€231,256)
- Receivables within one year -€161,425
down €161,425 (-8.8%), from €1.8m to €1.7m
- Tangible fixed assets -€115,804
down €115,804 (-16.2%), from €714,444 to €598,640
Equity and liabilities
- Reserves -€269,111
down €269,111 (-11.7%), from €2.3m to €2.0m
of which Distributable reserves: -€269,111
- Short-term financial debts -€231,256
down €231,256 (-4.3%), from €5.4m to €5.1m
Income statement
- Turnover +€1.1m
up €1.1m (+8.4%), from €13.0m to €14.1m
- Goods and materials +€918,338
up €918,338 (+8.9%), from €10.3m to €11.3m
of which Purchases: +€1.9m
- Services and other goods -€208,447
down €208,447 (-11.4%), from €1.8m to €1.6m
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.
Result 2024
-€499,571
Turnover
+€1.1m
Other operating income
-€127,439
Goods and materials
-€918,338
Services and other goods
+€208,447
Staff costs
+€20,133
Depreciation
-€25,391
Other operating charges
-€75,749
Other operating items
-€4,064
Financial income
+€5,317
Financial charges
+€58,016
Taxes
-€5
Result 2025
-€269,111
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.
From operations
+€204,074
Investment
-€153,416
Financing
-€270,333
Cash 2024
€223,714
From operations (derived)
+€204,074
Net result for the year
-€269,111
Depreciation
+€208,611
Stocks and contracts
+€54,997
Receivables within one year
+€161,425
Deferred charges and accrued income
+€782
Trade debts
+€40,610
Tax, wage and social debts
+€6,385
Advances received
-€2,390
Accrued charges and deferred income
+€2,765
Investment (derived)
-€153,416
Investment in fixed assets (net)
-€153,416
Financing
-€270,333
Current portion of long-term debt
-€39,077
Short-term financial debts
-€231,256
Cash 2025
€4,038
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,510,875 | €11,018,801 | -€492,074 | -4.3% |
| Fixed assets | 21/28 | €843,893 | €788,698 | -€55,195 | -6.5% |
| Intangible fixed assets | 21 | €110,106 | €170,716 | +€60,609 | +55.0% |
| Tangible fixed assets | 22/27 | €714,444 | €598,640 | -€115,804 | -16.2% |
| Land and buildings | 22 | €32,219 | €26,971 | -€5,247 | -16.3% |
| Plant, machinery and equipment | 23 | €152,689 | €112,173 | -€40,516 | -26.5% |
| Furniture and vehicles | 24 | €186,649 | €168,730 | -€17,919 | -9.6% |
| Other tangible fixed assets | 26 | €342,888 | €290,766 | -€52,122 | -15.2% |
| Financial fixed assets | 28 | €19,342 | €19,342 | = | 0.0% |
| Other financial fixed assets | 284/8 | €19,342 | €19,342 | = | 0.0% |
| Shares | 284 | €19,342 | €19,342 | = | 0.0% |
| Current assets | 29/58 | €10,666,982 | €10,230,103 | -€436,879 | -4.1% |
| Stocks and contracts in progress | 3 | €8,589,620 | €8,534,623 | -€54,997 | -0.6% |
| Stocks | 30/36 | €8,589,620 | €8,534,623 | -€54,997 | -0.6% |
| Goods purchased for resale | 34 | €8,589,620 | €8,534,623 | -€54,997 | -0.6% |
| Amounts receivable within one year | 40/41 | €1,830,036 | €1,668,611 | -€161,425 | -8.8% |
| Trade receivables | 40 | €1,830,036 | €1,668,611 | -€161,425 | -8.8% |
| Cash at bank and in hand | 54/58 | €223,714 | €4,038 | -€219,676 | -98.2% |
| Deferred charges and accrued income | 490/1 | €23,612 | €22,830 | -€782 | -3.3% |
| Total equity and liabilities | 10/49 | €11,510,875 | €11,018,801 | -€492,074 | -4.3% |
| Equity | 10/15 | €3,539,163 | €3,270,052 | -€269,111 | -7.6% |
| Contributions | 10/11 | €1,239,468 | €1,239,468 | = | 0.0% |
| Capital | 10 | €1,239,468 | €1,239,468 | = | 0.0% |
| Issued capital | 100 | €1,239,468 | €1,239,468 | = | 0.0% |
| Reserves | 13 | €2,299,695 | €2,030,584 | -€269,111 | -11.7% |
| Non-distributable reserves | 130/1 | €123,947 | €123,947 | = | 0.0% |
| Legal reserve | 130 | €123,947 | €123,947 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,862 | €31,862 | = | 0.0% |
| Distributable reserves | 133 | €2,143,886 | €1,874,775 | -€269,111 | -12.6% |
| Amounts payable | 17/49 | €7,971,712 | €7,748,749 | -€222,963 | -2.8% |
| Amounts payable within one year | 42/48 | €7,968,097 | €7,742,369 | -€225,728 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €39,077 | - | -€39,077 | |
| Financial debts | 43 | €5,357,108 | €5,125,852 | -€231,256 | -4.3% |
| Credit institutions | 430/8 | €5,357,108 | €5,125,852 | -€231,256 | -4.3% |
| Trade debts | 44 | €2,383,227 | €2,423,837 | +€40,610 | +1.7% |
| Suppliers | 440/4 | €2,383,227 | €2,423,837 | +€40,610 | +1.7% |
| Advances received on contracts in progress | 46 | €2,390 | - | -€2,390 | |
| Taxes, remuneration and social security | 45 | €186,294 | €192,680 | +€6,385 | +3.4% |
| Taxes | 450/3 | €98,552 | €114,044 | +€15,492 | +15.7% |
| Remuneration and social security | 454/9 | €87,742 | €78,635 | -€9,107 | -10.4% |
| Accrued charges and deferred income | 492/3 | €3,615 | €6,380 | +€2,765 | +76.5% |
| Operating income | 70/76A | €13,332,430 | €14,290,459 | +€958,029 | +7.2% |
| Turnover | 70 | €13,037,159 | €14,126,691 | +€1.1m | +8.4% |
| Other operating income | 74 | €291,208 | €163,769 | -€127,439 | -43.8% |
| Non-recurring operating income | 76A | €4,064 | - | -€4,064 | |
| Operating charges | 60/66A | €13,502,732 | €14,293,629 | +€790,897 | +5.9% |
| Goods for resale, raw materials and consumables | 60 | €10,333,401 | €11,251,739 | +€918,338 | +8.9% |
| Purchases | 600/8 | €9,306,155 | €11,196,742 | +€1.9m | +20.3% |
| Change in stocks: decrease (increase) | 609 | €1,027,247 | €54,997 | -€972,250 | -94.6% |
| Services and other goods | 61 | €1,822,039 | €1,613,591 | -€208,447 | -11.4% |
| Remuneration, social security and pensions | 62 | €1,069,216 | €1,049,083 | -€20,133 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,220 | €208,611 | +€25,391 | +13.9% |
| Other operating charges | 640/8 | €94,856 | €170,605 | +€75,749 | +79.9% |
| Operating profit (loss) | 9901 | -€170,302 | -€3,170 | +€167,132 | +98.1% |
| Financial income | 75/76B | €28,579 | €33,896 | +€5,317 | +18.6% |
| Recurring financial income | 75 | €28,579 | €33,896 | +€5,317 | +18.6% |
| Income from current assets | 751 | €4,243 | €1,249 | -€2,994 | -70.6% |
| Other financial income | 752/9 | €24,335 | €32,647 | +€8,311 | +34.2% |
| Financial charges | 65/66B | €355,317 | €297,300 | -€58,016 | -16.3% |
| Recurring financial charges | 65 | €355,317 | €297,300 | -€58,016 | -16.3% |
| Debt charges | 650 | €277,678 | €211,883 | -€65,795 | -23.7% |
| Other financial charges | 652/9 | €77,639 | €85,417 | +€7,778 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€497,039 | -€266,574 | +€230,465 | +46.4% |
| Income taxes | 67/77 | €2,531 | €2,537 | +€5 | +0.2% |
| Taxes | 670/3 | €2,531 | €2,537 | +€5 | +0.2% |
| Profit (loss) for the period | 9904 | -€499,571 | -€269,111 | +€230,460 | +46.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€499,571 | -€269,111 | +€230,460 | +46.1% |
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.