YES 4 CEMI: 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.
YES 4 CEMI
Largest movements
- Current investments +€78,964
up €78,964 (+11.5%), from €686,902 to €765,866
- Reserves +€68,973
up €68,973 (+61.6%), from €111,911 to €180,885
- Financial income +€56,410
up €56,410 (+1,336%), from €4,223 to €60,633
- Taxes +€5,941
up €5,941 (+63.6%), from €9,340 to €15,281
- Gross operating margin +€4,577
up €4,577 (+17.6%), from €25,950 to €30,526
- Other operating charges +€2,685
up €2,685 (+189%), from €1,421 to €4,106
- Depreciation -€317
down €317 (-17.6%), from €1,799 to €1,482
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 | €1,445,651 | €1,512,060 | +€66,409 | +4.6% |
| Fixed assets | 21/28 | €656,530 | €655,048 | -€1,482 | -0.2% |
| Tangible fixed assets | 22/27 | €6,530 | €5,048 | -€1,482 | -22.7% |
| Furniture and vehicles | 24 | €3,730 | €2,248 | -€1,482 | -39.7% |
| Other tangible fixed assets | 26 | €2,800 | €2,800 | = | 0.0% |
| Financial fixed assets | 28 | €650,000 | €650,000 | = | 0.0% |
| Current assets | 29/58 | €789,121 | €857,012 | +€67,891 | +8.6% |
| Amounts receivable within one year | 40/41 | €27,473 | €25,150 | -€2,323 | -8.5% |
| Trade receivables | 40 | €19,154 | €18,150 | -€1,004 | -5.2% |
| Other amounts receivable | 41 | €8,318 | €7,000 | -€1,318 | -15.8% |
| Current investments | 50/53 | €686,902 | €765,866 | +€78,964 | +11.5% |
| Cash at bank and in hand | 54/58 | €73,979 | €63,893 | -€10,087 | -13.6% |
| Deferred charges and accrued income | 490/1 | €767 | €2,103 | +€1,336 | +174% |
| Total equity and liabilities | 10/49 | €1,445,651 | €1,512,060 | +€66,409 | +4.6% |
| Equity | 10/15 | €1,411,911 | €1,480,885 | +€68,973 | +4.9% |
| Contributions | 10/11 | €1,300,000 | €1,300,000 | = | 0.0% |
| Reserves | 13 | €111,911 | €180,885 | +€68,973 | +61.6% |
| Distributable reserves | 133 | €111,911 | €180,885 | +€68,973 | +61.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,739 | €31,175 | -€2,564 | -7.6% |
| Amounts payable within one year | 42/48 | €32,385 | €28,574 | -€3,811 | -11.8% |
| Financial debts | 43 | €1,980 | €595 | -€1,385 | -69.9% |
| Other loans | 439 | €1,980 | €595 | -€1,385 | -69.9% |
| Trade debts | 44 | €971 | €428 | -€543 | -55.9% |
| Suppliers | 440/4 | €971 | €428 | -€543 | -55.9% |
| Taxes, remuneration and social security | 45 | €7,837 | €9,142 | +€1,305 | +16.7% |
| Taxes | 450/3 | €7,837 | €9,142 | +€1,305 | +16.7% |
| Other amounts payable | 47/48 | €21,598 | €18,409 | -€3,188 | -14.8% |
| Accrued charges and deferred income | 492/3 | €1,354 | €2,601 | +€1,247 | +92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,799 | €1,482 | -€317 | -17.6% |
| Other operating charges | 640/8 | €1,421 | €4,106 | +€2,685 | +189% |
| Gross operating margin | 9900 | €25,950 | €30,526 | +€4,577 | +17.6% |
| Operating profit (loss) | 9901 | €22,730 | €24,939 | +€2,209 | +9.7% |
| Financial income | 75/76B | €4,223 | €60,633 | +€56,410 | +1,336% |
| Recurring financial income | 75 | €4,223 | €60,633 | +€56,410 | +1,336% |
| Financial charges | 65/66B | €1,451 | €1,317 | -€134 | -9.3% |
| Recurring financial charges | 65 | €1,451 | €1,317 | -€134 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €25,501 | €84,254 | +€58,753 | +230% |
| Income taxes | 67/77 | €9,340 | €15,281 | +€5,941 | +63.6% |
| Profit (loss) for the period | 9904 | €16,161 | €68,973 | +€52,813 | +327% |
| Profit (loss) for the period to be appropriated | 9905 | €16,161 | €68,973 | +€52,813 | +327% |
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 19 October 2026 via checked.be.