YGREQUE: 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.
YGREQUE
Largest movements
- Receivables within one year -€152,948
down €152,948 (-40.9%), from €373,845 to €220,898
of which Other amounts receivable: -€222,770
- Stocks and contracts +€115,648
up €115,648 (+22.6%), from €510,780 to €626,429
- Cash +€54,088
up €54,088 (+69.6%), from €77,687 to €131,775
mainly Receivables within one year (+€152,948) and Net result for the year (+€94,435)
- Profit (loss) carried forward +€94,435
up €94,435 (+19.4%), from €485,844 to €580,279
- Tax, wage and social debts -€94,079
down €94,079 (-55.3%), from €170,021 to €75,943
of which Taxes: -€88,307
- Trade debts +€74,960
up €74,960 (+39.6%), from €189,309 to €264,269
- Other debts -€49,600
down €49,600 (-46.8%), from €105,944 to €56,344
- Debts after one year -€23,271
down €23,271 (-59.7%), from €38,979 to €15,708
- Gross operating margin +€253,631
up €253,631 (+116%), from €218,797 to €472,428
- Write-downs +€181,942
up €181,942, from -€93,073 to €88,869
- Staff costs +€11,634
up €11,634 (+5.4%), from €216,883 to €228,518
- Taxes +€9,923
up €9,923 (+56.1%), from €17,685 to €27,608
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 | €1,225,305 | €1,223,709 | -€1,596 | -0.1% |
| Fixed assets | 21/28 | €223,460 | €214,692 | -€8,767 | -3.9% |
| Tangible fixed assets | 22/27 | €223,460 | €214,542 | -€8,917 | -4.0% |
| Plant, machinery and equipment | 23 | €479 | €219 | -€261 | -54.4% |
| Furniture and vehicles | 24 | €3,662 | €4,928 | +€1,265 | +34.5% |
| Other tangible fixed assets | 26 | €218,774 | €209,396 | -€9,378 | -4.3% |
| Assets under construction and advance payments | 27 | €544 | €0 | -€544 | -100% |
| Financial fixed assets | 28 | €0 | €150 | +€150 | |
| Current assets | 29/58 | €1,001,846 | €1,009,017 | +€7,171 | +0.7% |
| Stocks and contracts in progress | 3 | €510,780 | €626,429 | +€115,648 | +22.6% |
| Stocks | 30/36 | €510,780 | €626,429 | +€115,648 | +22.6% |
| Amounts receivable within one year | 40/41 | €373,845 | €220,898 | -€152,948 | -40.9% |
| Trade receivables | 40 | €110,849 | €180,671 | +€69,822 | +63.0% |
| Other amounts receivable | 41 | €262,997 | €40,226 | -€222,770 | -84.7% |
| Cash at bank and in hand | 54/58 | €77,687 | €131,775 | +€54,088 | +69.6% |
| Deferred charges and accrued income | 490/1 | €39,533 | €29,916 | -€9,617 | -24.3% |
| Total equity and liabilities | 10/49 | €1,225,305 | €1,223,709 | -€1,596 | -0.1% |
| Equity | 10/15 | €692,739 | €787,174 | +€94,435 | +13.6% |
| 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 | €144,895 | €144,895 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,595 | €18,595 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,395 | €12,395 | = | 0.0% |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €126,300 | €126,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €485,844 | €580,279 | +€94,435 | +19.4% |
| Amounts payable | 17/49 | €532,567 | €436,536 | -€96,031 | -18.0% |
| Amounts payable after more than one year | 17 | €38,979 | €15,708 | -€23,271 | -59.7% |
| Financial debts | 170/4 | €38,979 | €15,708 | -€23,271 | -59.7% |
| Amounts payable within one year | 42/48 | €488,507 | €420,130 | -€68,377 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €22,927 | €23,271 | +€344 | +1.5% |
| Financial debts | 43 | €306 | €303 | -€3 | -0.9% |
| Credit institutions | 430/8 | €306 | €303 | -€3 | -0.9% |
| Trade debts | 44 | €189,309 | €264,269 | +€74,960 | +39.6% |
| Suppliers | 440/4 | €189,309 | €264,269 | +€74,960 | +39.6% |
| Taxes, remuneration and social security | 45 | €170,021 | €75,943 | -€94,079 | -55.3% |
| Taxes | 450/3 | €139,534 | €51,227 | -€88,307 | -63.3% |
| Remuneration and social security | 454/9 | €30,487 | €24,716 | -€5,772 | -18.9% |
| Other amounts payable | 47/48 | €105,944 | €56,344 | -€49,600 | -46.8% |
| Accrued charges and deferred income | 492/3 | €5,080 | €698 | -€4,382 | -86.3% |
| Non-recurring operating income | 76A | €1,991 | €0 | -€1,991 | -100% |
| Remuneration, social security and pensions | 62 | €216,883 | €228,518 | +€11,634 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,619 | €19,226 | +€607 | +3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€93,073 | €88,869 | +€181,942 | |
| Other operating charges | 640/8 | €2,713 | €1,638 | -€1,075 | -39.6% |
| Gross operating margin | 9900 | €218,797 | €472,428 | +€253,631 | +116% |
| Operating profit (loss) | 9901 | €73,654 | €134,177 | +€60,523 | +82.2% |
| Financial income | 75/76B | €1,391 | €432 | -€958 | -68.9% |
| Recurring financial income | 75 | €1,391 | €432 | -€958 | -68.9% |
| Financial charges | 65/66B | €9,454 | €12,567 | +€3,113 | +32.9% |
| Recurring financial charges | 65 | €9,454 | €12,567 | +€3,113 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €65,591 | €122,043 | +€56,452 | +86.1% |
| Income taxes | 67/77 | €17,685 | €27,608 | +€9,923 | +56.1% |
| Profit (loss) for the period | 9904 | €47,906 | €94,435 | +€46,529 | +97.1% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €0 | -€126,300 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,394 | €94,435 | +€172,829 |
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 15 October 2026 via checked.be.