YLD: what changed
Two fiscal 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.
YLD
Largest movements
- Current investments +€402,458
up €402,458 (+91709.4%), from €439 to €402,897
- Cash -€354,350
down €354,350 (-81.7%), from €433,960 to €79,610
mainly Current investments (-€402,458) and Debts after one year (-€39,263)
- Tangible fixed assets -€81,444
down €81,444 (-5.1%), from €1.6m to €1.5m
of which Land and buildings: -€76,834
- Receivables within one year +€32,997
up €32,997 (+17.0%), from €193,673 to €226,670
- Debts after one year -€39,263
down €39,263 (-7.0%), from €562,911 to €523,648
of which Financial debts: -€42,963
- Trade debts +€34,954
up €34,954 (+106.9%), from €32,685 to €67,639
- Gross operating margin +€32,356
up €32,356 (+25.2%), from €128,400 to €160,756
- Financial charges -€5,907
down €5,907 (-12.5%), from €47,384 to €41,477
- Financial income -€3,155
down €3,155 (-56.3%), from €5,600 to €2,445
- Taxes +€2,345
up €2,345 (+52.2%), from €4,491 to €6,836
- Other operating charges +€2,044
up €2,044 (+12.1%), from €16,843 to €18,887
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.
Cash bridge derived
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 | €2,235,831 | €2,234,258 | -€1,573 | -0.1% |
| Fixed assets | 21/28 | €1,605,122 | €1,523,678 | -€81,444 | -5.1% |
| Tangible fixed assets | 22/27 | €1,602,141 | €1,520,698 | -€81,444 | -5.1% |
| Land and buildings | 22 | €1,501,671 | €1,424,836 | -€76,834 | -5.1% |
| Plant, machinery and equipment | 23 | €191 | €0 | -€191 | -100.0% |
| Furniture and vehicles | 24 | €100,280 | €95,862 | -€4,419 | -4.4% |
| Financial fixed assets | 28 | €2,980 | €2,980 | = | 0.0% |
| Current assets | 29/58 | €630,709 | €710,580 | +€79,871 | +12.7% |
| Amounts receivable within one year | 40/41 | €193,673 | €226,670 | +€32,997 | +17.0% |
| Other amounts receivable | 41 | €193,673 | €226,670 | +€32,997 | +17.0% |
| Current investments | 50/53 | €439 | €402,897 | +€402,458 | +91709.4% |
| Cash at bank and in hand | 54/58 | €433,960 | €79,610 | -€354,350 | -81.7% |
| Deferred charges and accrued income | 490/1 | €2,638 | €1,403 | -€1,234 | -46.8% |
| Total equity and liabilities | 10/49 | €2,235,831 | €2,234,258 | -€1,573 | -0.1% |
| Equity | 10/15 | €1,002,360 | €1,008,592 | +€6,232 | +0.6% |
| Contributions | 10/11 | €590,000 | €590,000 | = | 0.0% |
| Capital | 10 | €590,000 | €590,000 | = | 0.0% |
| Issued capital | 100 | €590,000 | €590,000 | = | 0.0% |
| Reserves | 13 | €429,904 | €421,079 | -€8,825 | -2.1% |
| Non-distributable reserves | 130/1 | €59,000 | €59,000 | = | 0.0% |
| Legal reserve | 130 | €59,000 | €59,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €175,620 | €166,795 | -€8,825 | -5.0% |
| Distributable reserves | 133 | €195,284 | €195,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,544 | -€2,487 | +€15,057 | +85.8% |
| Provisions and deferred taxes | 16 | €58,763 | €55,821 | -€2,942 | -5.0% |
| Deferred taxes | 168 | €58,763 | €55,821 | -€2,942 | -5.0% |
| Amounts payable | 17/49 | €1,174,708 | €1,169,845 | -€4,863 | -0.4% |
| Amounts payable after more than one year | 17 | €562,911 | €523,648 | -€39,263 | -7.0% |
| Financial debts | 170/4 | €554,501 | €511,538 | -€42,963 | -7.7% |
| Other amounts payable | 178/9 | €8,410 | €12,110 | +€3,700 | +44.0% |
| Amounts payable within one year | 42/48 | €576,167 | €617,542 | +€41,376 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €41,917 | €42,963 | +€1,046 | +2.5% |
| Trade debts | 44 | €32,685 | €67,639 | +€34,954 | +106.9% |
| Suppliers | 440/4 | €32,685 | €67,639 | +€34,954 | +106.9% |
| Taxes, remuneration and social security | 45 | €0 | €4,750 | +€4,750 | |
| Taxes | 450/3 | €0 | €4,750 | +€4,750 | |
| Other amounts payable | 47/48 | €501,565 | €502,191 | +€626 | +0.1% |
| Accrued charges and deferred income | 492/3 | €35,630 | €28,654 | -€6,976 | -19.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,984 | €92,711 | -€1,274 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €16,843 | €18,887 | +€2,044 | +12.1% |
| Gross operating margin | 9900 | €128,400 | €160,756 | +€32,356 | +25.2% |
| Operating profit (loss) | 9901 | €17,573 | €49,158 | +€31,586 | +179.7% |
| Financial income | 75/76B | €5,600 | €2,445 | -€3,155 | -56.3% |
| Recurring financial income | 75 | €5,600 | €2,445 | -€3,155 | -56.3% |
| Financial charges | 65/66B | €47,384 | €41,477 | -€5,907 | -12.5% |
| Recurring financial charges | 65 | €47,384 | €41,477 | -€5,907 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,212 | €10,126 | +€34,338 | |
| Transfer from deferred taxes | 780 | €2,790 | €2,942 | +€152 | +5.4% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €4,491 | €6,836 | +€2,345 | +52.2% |
| Profit (loss) for the period | 9904 | -€25,913 | €6,232 | +€32,145 | |
| Transfer from tax-exempt reserves | 789 | €8,370 | €8,825 | +€456 | +5.4% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,544 | €15,057 | +€32,601 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.