YILMAZ-23: 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-23
Largest movements
- Cash +€38,025
up €38,025 (+84.9%), from €44,780 to €82,805
mainly Net result for the year (+€64,357) and Tax, wage and social debts (+€52,921)
- Receivables within one year +€35,789
up €35,789 (+94.8%), from €37,752 to €73,541
of which Other amounts receivable: +€55,024
- Tangible fixed assets +€24,030
up €24,030 (+37.1%), from €64,759 to €88,789
of which Furniture and vehicles: +€28,131
- Other debts -€66,528
no longer reported in 2025 (was €66,528)
- Tax, wage and social debts +€52,921
up €52,921 (+271%), from €19,515 to €72,436
of which Remuneration and social security: +€35,873
- Debts after one year +€39,040
up €39,040 (+163%), from €23,990 to €63,029
- Profit (loss) carried forward +€39,011
no longer reported in 2025 (was -€39,011)
- Reserves +€25,346
up €25,346 (+46.5%), from €54,514 to €79,861
of which Distributable reserves: +€25,346
- Gross operating margin +€137,520
up €137,520 (+49.6%), from €277,521 to €415,041
- Staff costs +€76,465
up €76,465 (+42.7%), from €179,279 to €255,744
- Depreciation -€17,568
down €17,568 (-33.9%), from €51,769 to €34,201
- Taxes +€7,167
up €7,167 (+22.7%), from €31,522 to €38,689
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 | €166,666 | €266,034 | +€99,368 | +59.6% |
| Fixed assets | 21/28 | €64,759 | €88,789 | +€24,030 | +37.1% |
| Tangible fixed assets | 22/27 | €64,759 | €88,789 | +€24,030 | +37.1% |
| Plant, machinery and equipment | 23 | €12,358 | €8,756 | -€3,602 | -29.1% |
| Furniture and vehicles | 24 | €49,209 | €77,341 | +€28,131 | +57.2% |
| Other tangible fixed assets | 26 | €3,192 | €2,692 | -€500 | -15.7% |
| Current assets | 29/58 | €101,908 | €177,246 | +€75,338 | +73.9% |
| Stocks and contracts in progress | 3 | €15,857 | €15,857 | = | 0.0% |
| Stocks | 30/36 | €15,857 | €15,857 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,752 | €73,541 | +€35,789 | +94.8% |
| Trade receivables | 40 | €31,086 | €11,851 | -€19,235 | -61.9% |
| Other amounts receivable | 41 | €6,666 | €61,690 | +€55,024 | +825% |
| Cash at bank and in hand | 54/58 | €44,780 | €82,805 | +€38,025 | +84.9% |
| Deferred charges and accrued income | 490/1 | €3,519 | €5,043 | +€1,524 | +43.3% |
| Total equity and liabilities | 10/49 | €166,666 | €266,034 | +€99,368 | +59.6% |
| Equity | 10/15 | €34,096 | €98,453 | +€64,357 | +189% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €54,514 | €79,861 | +€25,346 | +46.5% |
| Non-distributable reserves | 130/1 | €242 | €242 | = | 0.0% |
| Reserves not available under the articles | 1311 | €242 | €242 | = | 0.0% |
| Distributable reserves | 133 | €54,272 | €79,618 | +€25,346 | +46.7% |
| Profit (loss) carried forward | 14 | -€39,011 | - | +€39,011 | |
| Amounts payable | 17/49 | €132,571 | €167,582 | +€35,011 | +26.4% |
| Amounts payable after more than one year | 17 | €23,990 | €63,029 | +€39,040 | +163% |
| Financial debts | 170/4 | €23,990 | €63,029 | +€39,040 | +163% |
| Amounts payable within one year | 42/48 | €108,581 | €104,552 | -€4,029 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €22,538 | €27,669 | +€5,131 | +22.8% |
| Trade debts | 44 | - | €4,448 | +€4,448 | |
| Suppliers | 440/4 | - | €4,448 | +€4,448 | |
| Taxes, remuneration and social security | 45 | €19,515 | €72,436 | +€52,921 | +271% |
| Taxes | 450/3 | €15,458 | €32,505 | +€17,047 | +110% |
| Remuneration and social security | 454/9 | €4,057 | €39,931 | +€35,873 | +884% |
| Other amounts payable | 47/48 | €66,528 | - | -€66,528 | |
| Remuneration, social security and pensions | 62 | €179,279 | €255,744 | +€76,465 | +42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,769 | €34,201 | -€17,568 | -33.9% |
| Other operating charges | 640/8 | €1,416 | €4,706 | +€3,290 | +232% |
| Non-recurring operating charges | 66A | - | €14,755 | +€14,755 | |
| Gross operating margin | 9900 | €277,521 | €415,041 | +€137,520 | +49.6% |
| Operating profit (loss) | 9901 | €45,057 | €105,635 | +€60,578 | +134% |
| Financial income | 75/76B | - | €204 | +€204 | |
| Recurring financial income | 75 | - | €204 | +€204 | |
| Financial charges | 65/66B | €5,426 | €2,793 | -€2,633 | -48.5% |
| Recurring financial charges | 65 | €5,426 | €2,793 | -€2,633 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €39,631 | €103,046 | +€63,415 | +160% |
| Income taxes | 67/77 | €31,522 | €38,689 | +€7,167 | +22.7% |
| Profit (loss) for the period | 9904 | €8,109 | €64,357 | +€56,248 | +694% |
| Profit (loss) for the period to be appropriated | 9905 | €8,109 | €64,357 | +€56,248 | +694% |
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.