YERAZ: 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.
YERAZ
Largest movements
- Receivables within one year -€50,809
down €50,809 (-71.1%), from €71,468 to €20,659
of which Trade receivables: -€47,250
- Trade debts -€55,364
down €55,364 (-74.6%), from €74,197 to €18,833
- Reserves +€10,000
up €10,000 (+59.2%), from €16,900 to €26,900
of which Distributable reserves: +€10,000
- Current portion of long-term debt -€3,916
no longer reported in 2025 (was €3,916)
- Tax, wage and social debts +€3,620
up €3,620 (+35.1%), from €10,324 to €13,944
of which Taxes: +€5,903
- Staff costs -€25,686
no longer reported in 2025 (was €25,686)
- Gross operating margin -€11,049
down €11,049 (-42.1%), from €26,219 to €15,170
- Depreciation -€5,101
down €5,101 (-97.9%), from €5,210 to €109
- Taxes +€4,009
up €4,009 (+1752.2%), from €229 to €4,237
- Financial charges -€794
down €794 (-29.4%), from €2,705 to €1,911
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 | €227,171 | €180,984 | -€46,186 | -20.3% |
| Fixed assets | 21/28 | €7,574 | €8,589 | +€1,015 | +13.4% |
| Tangible fixed assets | 22/27 | €600 | €1,565 | +€965 | +160.8% |
| Furniture and vehicles | 24 | - | €1,065 | +€1,065 | |
| Other tangible fixed assets | 26 | €600 | €500 | -€100 | -16.7% |
| Financial fixed assets | 28 | €6,974 | €7,024 | +€50 | +0.7% |
| Current assets | 29/58 | €219,596 | €172,395 | -€47,201 | -21.5% |
| Amounts receivable after more than one year | 29 | €137,900 | €137,900 | = | 0.0% |
| Other amounts receivable | 291 | €137,900 | €137,900 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €71,468 | €20,659 | -€50,809 | -71.1% |
| Trade receivables | 40 | €57,619 | €10,368 | -€47,250 | -82.0% |
| Other amounts receivable | 41 | €13,849 | €10,290 | -€3,558 | -25.7% |
| Cash at bank and in hand | 54/58 | €9,239 | €11,275 | +€2,036 | +22.0% |
| Deferred charges and accrued income | 490/1 | €989 | €2,561 | +€1,572 | +158.9% |
| Total equity and liabilities | 10/49 | €227,171 | €180,984 | -€46,186 | -20.3% |
| Equity | 10/15 | €137,167 | €148,207 | +€11,041 | +8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,900 | €26,900 | +€10,000 | +59.2% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €114,067 | €115,107 | +€1,041 | +0.9% |
| Amounts payable | 17/49 | €90,004 | €32,777 | -€57,227 | -63.6% |
| Amounts payable within one year | 42/48 | €90,004 | €32,777 | -€57,227 | -63.6% |
| Current portion of amounts payable after more than one year | 42 | €3,916 | - | -€3,916 | |
| Trade debts | 44 | €74,197 | €18,833 | -€55,364 | -74.6% |
| Suppliers | 440/4 | €74,197 | €18,833 | -€55,364 | -74.6% |
| Taxes, remuneration and social security | 45 | €10,324 | €13,944 | +€3,620 | +35.1% |
| Taxes | 450/3 | €8,041 | €13,944 | +€5,903 | +73.4% |
| Remuneration and social security | 454/9 | €2,282 | - | -€2,282 | |
| Other amounts payable | 47/48 | €1,568 | - | -€1,568 | |
| Remuneration, social security and pensions | 62 | €25,686 | - | -€25,686 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,210 | €109 | -€5,101 | -97.9% |
| Other operating charges | 640/8 | €579 | €1,187 | +€608 | +105.1% |
| Gross operating margin | 9900 | €26,219 | €15,170 | -€11,049 | -42.1% |
| Operating profit (loss) | 9901 | -€5,256 | €13,874 | +€19,130 | |
| Financial income | 75/76B | €3,421 | €3,315 | -€106 | -3.1% |
| Recurring financial income | 75 | €3,421 | €3,315 | -€106 | -3.1% |
| Financial charges | 65/66B | €2,705 | €1,911 | -€794 | -29.4% |
| Recurring financial charges | 65 | €2,705 | €1,911 | -€794 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,540 | €15,278 | +€19,818 | |
| Income taxes | 67/77 | €229 | €4,237 | +€4,009 | +1752.2% |
| Profit (loss) for the period | 9904 | -€4,768 | €11,041 | +€15,809 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,768 | €11,041 | +€15,809 |
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 9 October 2026 via checked.be.