YGARD: 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.
YGARD
Largest movements
- Tangible fixed assets +€105,313
up €105,313 (+148.1%), from €71,099 to €176,412
of which Furniture and vehicles: +€66,826
- Cash -€59,789
down €59,789 (-30.3%), from €197,600 to €137,812
mainly Investment in fixed assets (net) (-€126,847) and Contributions, distributions and other (-€36,636)
- Receivables within one year +€6,769
up €6,769 (+259.9%), from €2,604 to €9,373
of which Other amounts receivable: +€6,868
- Deferred charges and accrued income +€5,201
up €5,201 (+68.4%), from €7,608 to €12,809
- Debts after one year +€61,533
new in 2025: €61,533
- Trade debts -€12,256
down €12,256 (-60.2%), from €20,344 to €8,088
of which Suppliers: -€12,315
- Reserves -€10,428
down €10,428 (-6.7%), from €156,394 to €145,966
of which Distributable reserves: -€10,428
- Tax, wage and social debts +€10,080
up €10,080 (+27.2%), from €37,001 to €47,081
of which Taxes: +€8,218
- Current portion of long-term debt +€7,018
up €7,018 (+96.6%), from €7,268 to €14,287
- Gross operating margin +€47,822
up €47,822 (+13.8%), from €347,608 to €395,431
- Staff costs +€10,193
up €10,193 (+3.1%), from €328,907 to €339,101
- Depreciation +€7,472
up €7,472 (+53.1%), from €14,063 to €21,534
- Taxes +€7,372
up €7,372 (+284.3%), from €2,593 to €9,966
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 | €284,568 | €341,132 | +€56,564 | +19.9% |
| Fixed assets | 21/28 | €71,218 | €176,531 | +€105,313 | +147.9% |
| Tangible fixed assets | 22/27 | €71,099 | €176,412 | +€105,313 | +148.1% |
| Plant, machinery and equipment | 23 | €26,097 | €64,777 | +€38,680 | +148.2% |
| Furniture and vehicles | 24 | €26,645 | €93,471 | +€66,826 | +250.8% |
| Other tangible fixed assets | 26 | €18,357 | €18,165 | -€192 | -1.0% |
| Financial fixed assets | 28 | €119 | €119 | = | 0.0% |
| Current assets | 29/58 | €213,350 | €164,601 | -€48,749 | -22.8% |
| Stocks and contracts in progress | 3 | €5,537 | €4,607 | -€929 | -16.8% |
| Stocks | 30/36 | €5,537 | €4,607 | -€929 | -16.8% |
| Amounts receivable within one year | 40/41 | €2,604 | €9,373 | +€6,769 | +259.9% |
| Trade receivables | 40 | €99 | - | -€99 | |
| Other amounts receivable | 41 | €2,505 | €9,373 | +€6,868 | +274.2% |
| Cash at bank and in hand | 54/58 | €197,600 | €137,812 | -€59,789 | -30.3% |
| Deferred charges and accrued income | 490/1 | €7,608 | €12,809 | +€5,201 | +68.4% |
| Total equity and liabilities | 10/49 | €284,568 | €341,132 | +€56,564 | +19.9% |
| Equity | 10/15 | €218,394 | €207,966 | -€10,428 | -4.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €156,394 | €145,966 | -€10,428 | -6.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,370 | €52,370 | = | 0.0% |
| Distributable reserves | 133 | €97,824 | €87,396 | -€10,428 | -10.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | +€0 | +100.0% |
| Amounts payable | 17/49 | €66,173 | €133,165 | +€66,992 | +101.2% |
| Amounts payable after more than one year | 17 | - | €61,533 | +€61,533 | |
| Financial debts | 170/4 | - | €61,533 | +€61,533 | |
| Amounts payable within one year | 42/48 | €64,973 | €71,632 | +€6,659 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €7,268 | €14,287 | +€7,018 | +96.6% |
| Trade debts | 44 | €20,344 | €8,088 | -€12,256 | -60.2% |
| Suppliers | 440/4 | €20,344 | €8,028 | -€12,315 | -60.5% |
| Bills of exchange payable | 441 | - | €59 | +€59 | |
| Taxes, remuneration and social security | 45 | €37,001 | €47,081 | +€10,080 | +27.2% |
| Taxes | 450/3 | €5,593 | €13,812 | +€8,218 | +146.9% |
| Remuneration and social security | 454/9 | €31,408 | €33,270 | +€1,862 | +5.9% |
| Other amounts payable | 47/48 | €360 | €2,177 | +€1,816 | +503.9% |
| Accrued charges and deferred income | 492/3 | €1,200 | - | -€1,200 | |
| Remuneration, social security and pensions | 62 | €328,907 | €339,101 | +€10,193 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,063 | €21,534 | +€7,472 | +53.1% |
| Other operating charges | 640/8 | €769 | €768 | -€0 | 0.0% |
| Gross operating margin | 9900 | €347,608 | €395,431 | +€47,822 | +13.8% |
| Operating profit (loss) | 9901 | €3,870 | €34,027 | +€30,158 | +779.4% |
| Financial income | 75/76B | €1,427 | €2,737 | +€1,310 | +91.8% |
| Recurring financial income | 75 | €1,427 | €2,737 | +€1,310 | +91.8% |
| Financial charges | 65/66B | €724 | €590 | -€134 | -18.5% |
| Recurring financial charges | 65 | €724 | €590 | -€134 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €4,572 | €36,174 | +€31,602 | +691.1% |
| Income taxes | 67/77 | €2,593 | €9,966 | +€7,372 | +284.3% |
| Profit (loss) for the period | 9904 | €1,979 | €26,208 | +€24,229 | +1224.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,979 | €26,208 | +€24,229 | +1224.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.