YILMAZ: 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.
YILMAZ
Largest movements
- Stocks and contracts +€75,674
up €75,674 (+282%), from €26,879 to €102,553
- Cash -€34,374
down €34,374 (-24.4%), from €140,804 to €106,430
mainly Stocks and contracts (-€75,674) and Investment in fixed assets (net) (-€30,695)
- Receivables within one year -€17,386
down €17,386 (-24.2%), from €71,985 to €54,599
of which Trade receivables: -€24,023
- Tangible fixed assets +€5,399
up €5,399 (+8.4%), from €64,270 to €69,669
of which Plant, machinery and equipment: +€5,830
- Trade debts +€22,436
up €22,436 (+114%), from €19,750 to €42,186
- Profit (loss) carried forward +€13,252
up €13,252 (+14.6%), from €90,731 to €103,983
- Debts after one year -€7,522
down €7,522 (-23.2%), from €32,367 to €24,845
- Purchases and services -€1.0m
no longer reported in 2025 (was €1.0m)
- Gross operating margin +€41,984
up €41,984 (+32.9%), from €127,423 to €169,407
- Staff costs +€28,246
up €28,246 (+35.9%), from €78,656 to €106,901
- Depreciation +€20,259
up €20,259 (+402%), from €5,036 to €25,295
- Other operating charges -€5,151
down €5,151 (-79.1%), from €6,509 to €1,358
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 | €313,863 | €343,544 | +€29,682 | +9.5% |
| Fixed assets | 21/28 | €71,170 | €76,569 | +€5,399 | +7.6% |
| Tangible fixed assets | 22/27 | €64,270 | €69,669 | +€5,399 | +8.4% |
| Plant, machinery and equipment | 23 | €981 | €6,811 | +€5,830 | +594% |
| Furniture and vehicles | 24 | €63,289 | €62,858 | -€431 | -0.7% |
| Financial fixed assets | 28 | €6,900 | €6,900 | = | 0.0% |
| Current assets | 29/58 | €242,693 | €266,976 | +€24,283 | +10.0% |
| Stocks and contracts in progress | 3 | €26,879 | €102,553 | +€75,674 | +282% |
| Stocks | 30/36 | €26,879 | €102,553 | +€75,674 | +282% |
| Amounts receivable within one year | 40/41 | €71,985 | €54,599 | -€17,386 | -24.2% |
| Trade receivables | 40 | €58,730 | €34,707 | -€24,023 | -40.9% |
| Other amounts receivable | 41 | €13,254 | €19,892 | +€6,638 | +50.1% |
| Cash at bank and in hand | 54/58 | €140,804 | €106,430 | -€34,374 | -24.4% |
| Deferred charges and accrued income | 490/1 | €3,025 | €3,393 | +€368 | +12.2% |
| Total equity and liabilities | 10/49 | €313,863 | €343,544 | +€29,682 | +9.5% |
| Equity | 10/15 | €237,925 | €251,178 | +€13,252 | +5.6% |
| Contributions | 10/11 | €17,300 | €17,300 | = | 0.0% |
| Reserves | 13 | €129,894 | €129,894 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €128,034 | €128,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,731 | €103,983 | +€13,252 | +14.6% |
| Amounts payable | 17/49 | €75,937 | €92,367 | +€16,430 | +21.6% |
| Amounts payable after more than one year | 17 | €32,367 | €24,845 | -€7,522 | -23.2% |
| Financial debts | 170/4 | €32,367 | €24,845 | -€7,522 | -23.2% |
| Amounts payable within one year | 42/48 | €43,570 | €67,522 | +€23,952 | +55.0% |
| Current portion of amounts payable after more than one year | 42 | €7,064 | €7,522 | +€458 | +6.5% |
| Trade debts | 44 | €19,750 | €42,186 | +€22,436 | +114% |
| Suppliers | 440/4 | €19,750 | €42,186 | +€22,436 | +114% |
| Taxes, remuneration and social security | 45 | €16,757 | €17,814 | +€1,057 | +6.3% |
| Taxes | 450/3 | €7,048 | €5,964 | -€1,084 | -15.4% |
| Remuneration and social security | 454/9 | €9,708 | €11,850 | +€2,141 | +22.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,046,309 | - | -€1.0m | |
| Remuneration, social security and pensions | 62 | €78,656 | €106,901 | +€28,246 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,036 | €25,295 | +€20,259 | +402% |
| Other operating charges | 640/8 | €6,509 | €1,358 | -€5,151 | -79.1% |
| Non-recurring operating charges | 66A | €3,735 | - | -€3,735 | |
| Gross operating margin | 9900 | €127,423 | €169,407 | +€41,984 | +32.9% |
| Operating profit (loss) | 9901 | €33,486 | €35,852 | +€2,366 | +7.1% |
| Financial income | 75/76B | €5 | €1 | -€4 | -79.9% |
| Recurring financial income | 75 | €5 | €1 | -€4 | -79.9% |
| Financial charges | 65/66B | €400 | €2,395 | +€1,995 | +498% |
| Recurring financial charges | 65 | €400 | €2,395 | +€1,995 | +498% |
| Profit (loss) for the period before taxes | 9903 | €33,091 | €33,458 | +€367 | +1.1% |
| Income taxes | 67/77 | €21,326 | €20,206 | -€1,120 | -5.3% |
| Profit (loss) for the period | 9904 | €11,766 | €13,252 | +€1,487 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,766 | €13,252 | +€1,487 | +12.6% |
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 24 October 2026 via checked.be.