YERDO: 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.
YERDO
Largest movements
- Tangible fixed assets -€10,053
down €10,053 (-14.5%), from €69,215 to €59,162
of which Land and buildings: -€9,382
- Receivables within one year -€8,782
down €8,782 (-40.8%), from €21,531 to €12,749
- Cash +€4,746
up €4,746 (+33.5%), from €14,181 to €18,927
mainly Net result for the year (+€19,275) and Tax, wage and social debts (+€13,590)
- Other debts -€42,970
down €42,970 (-97.0%), from €44,315 to €1,345
- Profit (loss) carried forward +€19,275
up €19,275 (+65.5%), from €29,407 to €48,682
- Tax, wage and social debts +€13,590
up €13,590 (+207.9%), from €6,537 to €20,127
of which Taxes: +€6,910
- Current portion of long-term debt -€6,000
no longer reported in 2025 (was €6,000)
- Gross operating margin +€29,747
up €29,747 (+57.0%), from €52,165 to €81,912
- Taxes +€10,591
up €10,591, from -€2,956 to €7,635
- Staff costs +€2,093
up €2,093 (+6.0%), from €34,926 to €37,019
- Other operating charges -€1,125
down €1,125 (-24.2%), from €4,643 to €3,518
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 | €109,155 | €94,066 | -€15,089 | -13.8% |
| Fixed assets | 21/28 | €69,276 | €59,223 | -€10,053 | -14.5% |
| Tangible fixed assets | 22/27 | €69,215 | €59,162 | -€10,053 | -14.5% |
| Land and buildings | 22 | €67,916 | €58,534 | -€9,382 | -13.8% |
| Plant, machinery and equipment | 23 | €279 | - | -€279 | |
| Furniture and vehicles | 24 | €1,020 | €628 | -€392 | -38.4% |
| Financial fixed assets | 28 | €61 | €61 | = | 0.0% |
| Current assets | 29/58 | €39,879 | €34,843 | -€5,036 | -12.6% |
| Amounts receivable within one year | 40/41 | €21,531 | €12,749 | -€8,782 | -40.8% |
| Trade receivables | 40 | €21,531 | €12,749 | -€8,782 | -40.8% |
| Cash at bank and in hand | 54/58 | €14,181 | €18,927 | +€4,746 | +33.5% |
| Deferred charges and accrued income | 490/1 | €4,167 | €3,167 | -€1,000 | -24.0% |
| Total equity and liabilities | 10/49 | €109,155 | €94,066 | -€15,089 | -13.8% |
| Equity | 10/15 | €37,467 | €56,742 | +€19,275 | +51.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,407 | €48,682 | +€19,275 | +65.5% |
| Amounts payable | 17/49 | €71,688 | €37,324 | -€34,364 | -47.9% |
| Amounts payable within one year | 42/48 | €71,688 | €37,324 | -€34,364 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | - | -€6,000 | |
| Trade debts | 44 | €14,836 | €15,852 | +€1,016 | +6.8% |
| Suppliers | 440/4 | €14,836 | €15,852 | +€1,016 | +6.8% |
| Taxes, remuneration and social security | 45 | €6,537 | €20,127 | +€13,590 | +207.9% |
| Taxes | 450/3 | €1,321 | €8,231 | +€6,910 | +523.1% |
| Remuneration and social security | 454/9 | €5,216 | €11,896 | +€6,680 | +128.1% |
| Other amounts payable | 47/48 | €44,315 | €1,345 | -€42,970 | -97.0% |
| Non-recurring operating income | 76A | €9,764 | - | -€9,764 | |
| Remuneration, social security and pensions | 62 | €34,926 | €37,019 | +€2,093 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,054 | €10,053 | -€1 | 0.0% |
| Other operating charges | 640/8 | €4,643 | €3,518 | -€1,125 | -24.2% |
| Gross operating margin | 9900 | €52,165 | €81,912 | +€29,747 | +57.0% |
| Operating profit (loss) | 9901 | €2,542 | €31,322 | +€28,780 | +1132.2% |
| Financial charges | 65/66B | €3,936 | €4,412 | +€476 | +12.1% |
| Recurring financial charges | 65 | €3,936 | €4,412 | +€476 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,394 | €26,910 | +€28,304 | |
| Income taxes | 67/77 | -€2,956 | €7,635 | +€10,591 | |
| Profit (loss) for the period | 9904 | €1,562 | €19,275 | +€17,713 | +1134.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,562 | €19,275 | +€17,713 | +1134.0% |
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 30 September 2026 via checked.be.