YGEX: 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.
YGEX
Largest movements
- Deferred charges and accrued income +€6,012
new in 2025: €6,012
- Cash -€4,227
down €4,227 (-14.2%), from €29,810 to €25,584
mainly Tax, wage and social debts (-€13,144) and Deferred charges and accrued income (-€6,012)
- Tangible fixed assets -€3,030
down €3,030 (-15.2%), from €19,913 to €16,882
- Receivables within one year -€2,903
down €2,903 (-90.6%), from €3,203 to €300
of which Other amounts receivable: -€3,203
- Other debts +€13,666
new in 2025: €13,666
- Tax, wage and social debts -€13,144
down €13,144 (-82.7%), from €15,900 to €2,755
of which Remuneration and social security: -€11,763
- Debts after one year -€3,815
down €3,815 (-23.3%), from €16,353 to €12,538
- Trade debts -€2,209
down €2,209 (-96.5%), from €2,288 to €79
- Profit (loss) carried forward +€1,187
up €1,187 (+9.3%), from €12,738 to €13,924
- Gross operating margin -€9,028
down €9,028 (-52.8%), from €17,112 to €8,085
- Depreciation +€3,915
up €3,915 (+4,486%), from €87 to €4,002
- Taxes -€2,157
down €2,157 (-52.2%), from €4,137 to €1,979
- Financial charges +€767
up €767 (+510%), from €150 to €917
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 | €52,926 | €48,778 | -€4,147 | -7.8% |
| Fixed assets | 21/28 | €19,913 | €16,882 | -€3,030 | -15.2% |
| Tangible fixed assets | 22/27 | €19,913 | €16,882 | -€3,030 | -15.2% |
| Plant, machinery and equipment | 23 | €19,913 | €16,882 | -€3,030 | -15.2% |
| Current assets | 29/58 | €33,013 | €31,896 | -€1,117 | -3.4% |
| Amounts receivable within one year | 40/41 | €3,203 | €300 | -€2,903 | -90.6% |
| Trade receivables | 40 | - | €300 | +€300 | |
| Other amounts receivable | 41 | €3,203 | - | -€3,203 | |
| Cash at bank and in hand | 54/58 | €29,810 | €25,584 | -€4,227 | -14.2% |
| Deferred charges and accrued income | 490/1 | - | €6,012 | +€6,012 | |
| Total equity and liabilities | 10/49 | €52,926 | €48,778 | -€4,147 | -7.8% |
| Equity | 10/15 | €14,738 | €15,924 | +€1,187 | +8.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,738 | €13,924 | +€1,187 | +9.3% |
| Amounts payable | 17/49 | €38,188 | €32,854 | -€5,334 | -14.0% |
| Amounts payable after more than one year | 17 | €16,353 | €12,538 | -€3,815 | -23.3% |
| Financial debts | 170/4 | €16,353 | €12,538 | -€3,815 | -23.3% |
| Amounts payable within one year | 42/48 | €21,834 | €20,316 | -€1,519 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €3,647 | €3,815 | +€169 | +4.6% |
| Trade debts | 44 | €2,288 | €79 | -€2,209 | -96.5% |
| Suppliers | 440/4 | €2,288 | €79 | -€2,209 | -96.5% |
| Taxes, remuneration and social security | 45 | €15,900 | €2,755 | -€13,144 | -82.7% |
| Taxes | 450/3 | €4,137 | €2,755 | -€1,381 | -33.4% |
| Remuneration and social security | 454/9 | €11,763 | - | -€11,763 | |
| Other amounts payable | 47/48 | - | €13,666 | +€13,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87 | €4,002 | +€3,915 | +4,486% |
| Gross operating margin | 9900 | €17,112 | €8,085 | -€9,028 | -52.8% |
| Operating profit (loss) | 9901 | €17,025 | €4,082 | -€12,942 | -76.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €150 | €917 | +€767 | +510% |
| Recurring financial charges | 65 | €150 | €917 | +€767 | +510% |
| Profit (loss) for the period before taxes | 9903 | €16,875 | €3,166 | -€13,709 | -81.2% |
| Income taxes | 67/77 | €4,137 | €1,979 | -€2,157 | -52.2% |
| Profit (loss) for the period | 9904 | €12,738 | €1,187 | -€11,551 | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,738 | €1,187 | -€11,551 | -90.7% |
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 16 October 2026 via checked.be.