YERGA: 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.
YERGA
Largest movements
- Tangible fixed assets -€22,930
down €22,930 (-3.9%), from €593,222 to €570,292
of which Assets under construction and advance payments: -€446,374
- Cash +€22,117
up €22,117 (+59.2%), from €37,331 to €59,448
mainly Depreciation (+€28,848) and Net result for the year (+€24,668)
- Reserves +€24,668
up €24,668 (+23.1%), from €106,670 to €131,338
- Debts after one year -€23,394
down €23,394 (-5.9%), from €398,388 to €374,994
- Tax, wage and social debts +€7,670
up €7,670 (+71.4%), from €10,738 to €18,408
of which Remuneration and social security: +€5,693
- Gross operating margin +€86,422
up €86,422 (+103%), from €83,533 to €169,954
- Staff costs +€65,521
up €65,521 (+216%), from €30,314 to €95,835
- Depreciation +€19,579
up €19,579 (+211%), from €9,269 to €28,848
- Taxes +€8,253
up €8,253 (+250%), from €3,303 to €11,557
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 | €651,614 | €655,817 | +€4,203 | +0.6% |
| Fixed assets | 21/28 | €596,501 | €570,810 | -€25,691 | -4.3% |
| Intangible fixed assets | 21 | €2,848 | €518 | -€2,330 | -81.8% |
| Tangible fixed assets | 22/27 | €593,222 | €570,292 | -€22,930 | -3.9% |
| Land and buildings | 22 | €141,750 | €566,351 | +€424,601 | +300% |
| Plant, machinery and equipment | 23 | €2,290 | €1,594 | -€696 | -30.4% |
| Furniture and vehicles | 24 | €2,809 | €2,347 | -€461 | -16.4% |
| Assets under construction and advance payments | 27 | €446,374 | €0 | -€446,374 | -100% |
| Financial fixed assets | 28 | €431 | €0 | -€431 | -100% |
| Current assets | 29/58 | €55,113 | €85,007 | +€29,894 | +54.2% |
| Stocks and contracts in progress | 3 | €11,035 | €12,055 | +€1,019 | +9.2% |
| Stocks | 30/36 | €11,035 | €12,055 | +€1,019 | +9.2% |
| Amounts receivable within one year | 40/41 | €2,557 | €8,930 | +€6,374 | +249% |
| Trade receivables | 40 | €1,690 | €482 | -€1,208 | -71.5% |
| Other amounts receivable | 41 | €867 | €8,448 | +€7,582 | +875% |
| Cash at bank and in hand | 54/58 | €37,331 | €59,448 | +€22,117 | +59.2% |
| Deferred charges and accrued income | 490/1 | €4,190 | €4,574 | +€384 | +9.2% |
| Total equity and liabilities | 10/49 | €651,614 | €655,817 | +€4,203 | +0.6% |
| Equity | 10/15 | €190,970 | €215,638 | +€24,668 | +12.9% |
| Contributions | 10/11 | €84,300 | €84,300 | = | 0.0% |
| Reserves | 13 | €106,670 | €131,338 | +€24,668 | +23.1% |
| Distributable reserves | 133 | €106,670 | €131,338 | +€24,668 | +23.1% |
| Amounts payable | 17/49 | €460,644 | €440,179 | -€20,465 | -4.4% |
| Amounts payable after more than one year | 17 | €398,388 | €374,994 | -€23,394 | -5.9% |
| Financial debts | 170/4 | €398,388 | €374,994 | -€23,394 | -5.9% |
| Amounts payable within one year | 42/48 | €62,256 | €63,950 | +€1,694 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €26,646 | €23,394 | -€3,252 | -12.2% |
| Trade debts | 44 | €8,017 | €6,430 | -€1,587 | -19.8% |
| Suppliers | 440/4 | €8,017 | €6,430 | -€1,587 | -19.8% |
| Advances received on contracts in progress | 46 | €497 | €0 | -€497 | -100% |
| Taxes, remuneration and social security | 45 | €10,738 | €18,408 | +€7,670 | +71.4% |
| Taxes | 450/3 | €1,623 | €3,599 | +€1,977 | +122% |
| Remuneration and social security | 454/9 | €9,116 | €14,809 | +€5,693 | +62.5% |
| Other amounts payable | 47/48 | €16,358 | €15,718 | -€640 | -3.9% |
| Accrued charges and deferred income | 492/3 | - | €1,235 | +€1,235 | |
| Remuneration, social security and pensions | 62 | €30,314 | €95,835 | +€65,521 | +216% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,269 | €28,848 | +€19,579 | +211% |
| Other operating charges | 640/8 | €3,020 | €3,088 | +€68 | +2.3% |
| Gross operating margin | 9900 | €83,533 | €169,954 | +€86,422 | +103% |
| Operating profit (loss) | 9901 | €40,930 | €42,184 | +€1,254 | +3.1% |
| Financial income | 75/76B | €86 | €7 | -€79 | -91.4% |
| Recurring financial income | 75 | €86 | €7 | -€79 | -91.4% |
| Financial charges | 65/66B | €5,907 | €5,966 | +€60 | +1.0% |
| Recurring financial charges | 65 | €5,907 | €5,966 | +€60 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €35,110 | €36,225 | +€1,115 | +3.2% |
| Income taxes | 67/77 | €3,303 | €11,557 | +€8,253 | +250% |
| Profit (loss) for the period | 9904 | €31,806 | €24,668 | -€7,138 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,806 | €24,668 | -€7,138 | -22.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.