YGREC: 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.
YGREC
Largest movements
- Cash -€4,447
down €4,447 (-45.7%), from €9,737 to €5,290
mainly Debts after one year (-€4,902) and Trade debts (-€3,666)
- Tangible fixed assets -€3,287
down €3,287 (-13.9%), from €23,652 to €20,365
of which Leasing and similar rights: -€1,826
- Debts after one year -€4,902
down €4,902 (-54.9%), from €8,928 to €4,026
- Trade debts -€3,666
down €3,666 (-85.6%), from €4,283 to €617
- Tax, wage and social debts +€2,340
up €2,340 (+59.4%), from €3,936 to €6,276
of which Taxes: +€1,453
- Short-term financial debts -€1,602
down €1,602 (-80.7%), from €1,986 to €383
- Gross operating margin +€6,728
up €6,728 (+8.5%), from €79,405 to €86,133
- Financial charges +€4,251
up €4,251 (+211%), from €2,016 to €6,268
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 | €73,477 | €65,764 | -€7,713 | -10.5% |
| Fixed assets | 21/28 | €24,288 | €21,000 | -€3,287 | -13.5% |
| Tangible fixed assets | 22/27 | €23,652 | €20,365 | -€3,287 | -13.9% |
| Plant, machinery and equipment | 23 | €6,427 | €5,682 | -€745 | -11.6% |
| Furniture and vehicles | 24 | €1,095 | €378 | -€716 | -65.4% |
| Leasing and similar rights | 25 | €16,131 | €14,305 | -€1,826 | -11.3% |
| Financial fixed assets | 28 | €635 | €635 | = | 0.0% |
| Current assets | 29/58 | €49,189 | €44,764 | -€4,425 | -9.0% |
| Stocks and contracts in progress | 3 | €3,729 | €4,049 | +€320 | +8.6% |
| Stocks | 30/36 | €3,729 | €4,049 | +€320 | +8.6% |
| Amounts receivable within one year | 40/41 | €35,723 | €35,425 | -€298 | -0.8% |
| Other amounts receivable | 41 | €35,723 | €35,425 | -€298 | -0.8% |
| Cash at bank and in hand | 54/58 | €9,737 | €5,290 | -€4,447 | -45.7% |
| Total equity and liabilities | 10/49 | €73,477 | €65,764 | -€7,713 | -10.5% |
| Equity | 10/15 | €49,927 | €49,561 | -€367 | -0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €31,335 | €30,969 | -€367 | -1.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €29,476 | €29,109 | -€367 | -1.2% |
| Amounts payable | 17/49 | €23,549 | €16,204 | -€7,346 | -31.2% |
| Amounts payable after more than one year | 17 | €8,928 | €4,026 | -€4,902 | -54.9% |
| Financial debts | 170/4 | €8,928 | €4,026 | -€4,902 | -54.9% |
| Amounts payable within one year | 42/48 | €14,622 | €12,178 | -€2,444 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €4,417 | €4,902 | +€484 | +11.0% |
| Financial debts | 43 | €1,986 | €383 | -€1,602 | -80.7% |
| Credit institutions | 430/8 | €1,986 | €383 | -€1,602 | -80.7% |
| Trade debts | 44 | €4,283 | €617 | -€3,666 | -85.6% |
| Suppliers | 440/4 | €4,283 | €617 | -€3,666 | -85.6% |
| Taxes, remuneration and social security | 45 | €3,936 | €6,276 | +€2,340 | +59.4% |
| Taxes | 450/3 | €1,651 | €3,104 | +€1,453 | +88.0% |
| Remuneration and social security | 454/9 | €2,285 | €3,172 | +€886 | +38.8% |
| Remuneration, social security and pensions | 62 | €76,508 | €76,826 | +€319 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,350 | €3,287 | -€62 | -1.9% |
| Other operating charges | 640/8 | €782 | - | -€782 | |
| Gross operating margin | 9900 | €79,405 | €86,133 | +€6,728 | +8.5% |
| Operating profit (loss) | 9901 | -€1,234 | €6,019 | +€7,253 | |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Non-recurring financial income | 76B | - | €46 | +€46 | |
| Financial charges | 65/66B | €2,016 | €6,268 | +€4,251 | +211% |
| Recurring financial charges | 65 | €2,016 | €6,268 | +€4,251 | +211% |
| Profit (loss) for the period before taxes | 9903 | -€3,251 | -€202 | +€3,048 | +93.8% |
| Income taxes | 67/77 | - | €164 | +€164 | |
| Profit (loss) for the period | 9904 | -€3,251 | -€367 | +€2,884 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,251 | -€367 | +€2,884 | +88.7% |
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 27 October 2026 via checked.be.