YGGDRASIL: what changed
YGGDRASIL
Largest movements
- Cash -€4,959
down €4,959 (-67.5%), from €7,351 to €2,392
mainly Investment in fixed assets (net) (-€12,808) and Trade debts (-€6,601)
- Tangible fixed assets +€4,617
up €4,617 (+19.3%), from €23,958 to €28,576
of which Land and buildings: +€8,173
- Receivables within one year +€697
up €697 (+2.8%), from €24,592 to €25,289
- Trade debts -€6,601
down €6,601 (-41.3%), from €15,967 to €9,366
- Profit (loss) carried forward +€6,589
up €6,589 (+45.0%), from €14,652 to €21,240
- Other debts +€1,851
new in 2025: €1,851
- Tax, wage and social debts -€931
down €931 (-12.9%), from €7,220 to €6,289
- Gross operating margin -€1,539
down €1,539 (-7.0%), from €21,963 to €20,424
- Depreciation +€805
up €805 (+10.9%), from €7,386 to €8,191
- Taxes -€320
down €320 (-10.1%), from €3,185 to €2,864
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,439 | €57,346 | +€907 | +1.6% |
| Fixed assets | 21/28 | €23,958 | €28,576 | +€4,617 | +19.3% |
| Tangible fixed assets | 22/27 | €23,958 | €28,576 | +€4,617 | +19.3% |
| Land and buildings | 22 | €16,881 | €25,054 | +€8,173 | +48.4% |
| Plant, machinery and equipment | 23 | €4,293 | €3,483 | -€810 | -18.9% |
| Furniture and vehicles | 24 | €2,785 | €39 | -€2,746 | -98.6% |
| Current assets | 29/58 | €32,480 | €28,770 | -€3,710 | -11.4% |
| Amounts receivable within one year | 40/41 | €24,592 | €25,289 | +€697 | +2.8% |
| Other amounts receivable | 41 | €24,592 | €25,289 | +€697 | +2.8% |
| Cash at bank and in hand | 54/58 | €7,351 | €2,392 | -€4,959 | -67.5% |
| Deferred charges and accrued income | 490/1 | €538 | €1,090 | +€552 | +102% |
| Total equity and liabilities | 10/49 | €56,439 | €57,346 | +€907 | +1.6% |
| Equity | 10/15 | €33,252 | €39,840 | +€6,589 | +19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,652 | €21,240 | +€6,589 | +45.0% |
| Amounts payable | 17/49 | €23,187 | €17,505 | -€5,682 | -24.5% |
| Amounts payable within one year | 42/48 | €23,187 | €17,505 | -€5,682 | -24.5% |
| Trade debts | 44 | €15,967 | €9,366 | -€6,601 | -41.3% |
| Suppliers | 440/4 | €15,967 | €9,366 | -€6,601 | -41.3% |
| Taxes, remuneration and social security | 45 | €7,220 | €6,289 | -€931 | -12.9% |
| Taxes | 450/3 | €7,220 | €6,289 | -€931 | -12.9% |
| Other amounts payable | 47/48 | - | €1,851 | +€1,851 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,386 | €8,191 | +€805 | +10.9% |
| Other operating charges | 640/8 | €735 | €948 | +€213 | +29.0% |
| Gross operating margin | 9900 | €21,963 | €20,424 | -€1,539 | -7.0% |
| Operating profit (loss) | 9901 | €13,842 | €11,285 | -€2,557 | -18.5% |
| Financial income | 75/76B | €18 | €98 | +€80 | +441% |
| Recurring financial income | 75 | €18 | €98 | +€80 | +441% |
| Financial charges | 65/66B | €1,714 | €1,930 | +€216 | +12.6% |
| Recurring financial charges | 65 | €1,714 | €1,930 | +€216 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €12,146 | €9,453 | -€2,693 | -22.2% |
| Income taxes | 67/77 | €3,185 | €2,864 | -€320 | -10.1% |
| Profit (loss) for the period | 9904 | €8,961 | €6,589 | -€2,373 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,961 | €6,589 | -€2,373 | -26.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.