YETI-AXE: 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.
YETI-AXE
Largest movements
- Tangible fixed assets -€20,969
down €20,969 (-27.7%), from €75,755 to €54,786
of which Other tangible fixed assets: -€14,661
- Receivables within one year -€10,069
down €10,069 (-96.0%), from €10,493 to €424
of which Trade receivables: -€10,000
- Cash -€1,667
down €1,667 (-80.9%), from €2,061 to €393
mainly Debts after one year (-€50,692) and Other debts (-€3,325)
- Intangible fixed assets -€1,350
down €1,350 (-16.7%), from €8,096 to €6,746
- Debts after one year -€50,692
down €50,692 (-18.8%), from €269,520 to €218,827
- Profit (loss) carried forward +€21,888
up €21,888 (+10.2%), from -€215,369 to -€193,481
- Other debts -€3,325
down €3,325 (-100.0%), from €3,325 to €0
- Trade debts -€1,116
down €1,116 (-100.0%), from €1,116 to €0
- Gross operating margin -€12,149
down €12,149 (-18.5%), from €65,551 to €53,402
- Depreciation -€6,065
down €6,065 (-21.4%), from €28,384 to €22,319
- Financial charges +€1,165
up €1,165 (+18.8%), from €6,192 to €7,357
- Other operating charges -€1,047
down €1,047 (-36.3%), from €2,885 to €1,838
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 | €98,012 | €63,673 | -€34,339 | -35.0% |
| Fixed assets | 21/28 | €85,133 | €62,814 | -€22,319 | -26.2% |
| Intangible fixed assets | 21 | €8,096 | €6,746 | -€1,350 | -16.7% |
| Tangible fixed assets | 22/27 | €75,755 | €54,786 | -€20,969 | -27.7% |
| Plant, machinery and equipment | 23 | €4,626 | €0 | -€4,626 | -100.0% |
| Furniture and vehicles | 24 | €7,351 | €5,669 | -€1,682 | -22.9% |
| Other tangible fixed assets | 26 | €63,779 | €49,118 | -€14,661 | -23.0% |
| Financial fixed assets | 28 | €1,281 | €1,281 | = | 0.0% |
| Current assets | 29/58 | €12,879 | €859 | -€12,020 | -93.3% |
| Amounts receivable within one year | 40/41 | €10,493 | €424 | -€10,069 | -96.0% |
| Trade receivables | 40 | €10,000 | €0 | -€10,000 | -100.0% |
| Other amounts receivable | 41 | €493 | €424 | -€69 | -14.1% |
| Cash at bank and in hand | 54/58 | €2,061 | €393 | -€1,667 | -80.9% |
| Deferred charges and accrued income | 490/1 | €325 | €42 | -€283 | -87.2% |
| Total equity and liabilities | 10/49 | €98,012 | €63,673 | -€34,339 | -35.0% |
| Equity | 10/15 | -€177,569 | -€155,681 | +€21,888 | +12.3% |
| Contributions | 10/11 | €37,800 | €37,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€215,369 | -€193,481 | +€21,888 | +10.2% |
| Amounts payable | 17/49 | €275,581 | €219,354 | -€56,227 | -20.4% |
| Amounts payable after more than one year | 17 | €269,520 | €218,827 | -€50,692 | -18.8% |
| Financial debts | 170/4 | €269,520 | €218,827 | -€50,692 | -18.8% |
| Amounts payable within one year | 42/48 | €5,356 | €526 | -€4,830 | -90.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,116 | €0 | -€1,116 | -100.0% |
| Suppliers | 440/4 | €1,116 | €0 | -€1,116 | -100.0% |
| Taxes, remuneration and social security | 45 | €915 | €526 | -€389 | -42.5% |
| Taxes | 450/3 | €915 | €526 | -€389 | -42.5% |
| Other amounts payable | 47/48 | €3,325 | €0 | -€3,325 | -100.0% |
| Accrued charges and deferred income | 492/3 | €705 | €0 | -€705 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,384 | €22,319 | -€6,065 | -21.4% |
| Other operating charges | 640/8 | €2,885 | €1,838 | -€1,047 | -36.3% |
| Gross operating margin | 9900 | €65,551 | €53,402 | -€12,149 | -18.5% |
| Operating profit (loss) | 9901 | €34,282 | €29,246 | -€5,037 | -14.7% |
| Financial income | 75/76B | €28 | €0 | -€28 | -100.0% |
| Recurring financial income | 75 | €28 | €0 | -€28 | -100.0% |
| Financial charges | 65/66B | €6,192 | €7,357 | +€1,165 | +18.8% |
| Recurring financial charges | 65 | €6,192 | €7,357 | +€1,165 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €28,118 | €21,888 | -€6,229 | -22.2% |
| Income taxes | 67/77 | €456 | €0 | -€456 | -100.0% |
| Profit (loss) for the period | 9904 | €27,661 | €21,888 | -€5,773 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,661 | €21,888 | -€5,773 | -20.9% |
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 5 October 2026 via checked.be.