YMA: 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.
YMA
Largest movements
- Receivables within one year +€78,245
up €78,245 (+22.1%), from €353,500 to €431,746
of which Trade receivables: +€91,568
- Tangible fixed assets -€64,224
down €64,224 (-7.0%), from €911,186 to €846,963
of which Plant, machinery and equipment: -€68,415
- Cash +€25,153
up €25,153 (+9.2%), from €273,408 to €298,561
mainly Depreciation (+€103,215) and Net result for the year (+€97,998)
- Debts after one year -€103,321
down €103,321 (-17.8%), from €580,912 to €477,591
- Reserves +€97,998
up €97,998 (+16.8%), from €581,672 to €679,670
of which Distributable reserves: +€97,998
- Trade debts +€40,444
up €40,444 (+49.7%), from €81,438 to €121,881
- Staff costs -€6,780
down €6,780 (-1.9%), from €363,938 to €357,158
- Taxes +€6,779
up €6,779 (+24.9%), from €27,245 to €34,024
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,581,475 | €1,632,789 | +€51,314 | +3.2% |
| Fixed assets | 21/28 | €911,186 | €846,963 | -€64,224 | -7.0% |
| Tangible fixed assets | 22/27 | €911,186 | €846,963 | -€64,224 | -7.0% |
| Land and buildings | 22 | €470,892 | €499,945 | +€29,053 | +6.2% |
| Plant, machinery and equipment | 23 | €242,965 | €174,550 | -€68,415 | -28.2% |
| Furniture and vehicles | 24 | €44,275 | €45,431 | +€1,155 | +2.6% |
| Leasing and similar rights | 25 | €138,981 | €115,677 | -€23,304 | -16.8% |
| Other tangible fixed assets | 26 | €14,073 | €11,361 | -€2,712 | -19.3% |
| Current assets | 29/58 | €670,289 | €785,827 | +€115,538 | +17.2% |
| Stocks and contracts in progress | 3 | €39,521 | €40,475 | +€954 | +2.4% |
| Stocks | 30/36 | €39,521 | €40,475 | +€954 | +2.4% |
| Amounts receivable within one year | 40/41 | €353,500 | €431,746 | +€78,245 | +22.1% |
| Trade receivables | 40 | €250,114 | €341,681 | +€91,568 | +36.6% |
| Other amounts receivable | 41 | €103,387 | €90,064 | -€13,322 | -12.9% |
| Cash at bank and in hand | 54/58 | €273,408 | €298,561 | +€25,153 | +9.2% |
| Deferred charges and accrued income | 490/1 | €3,859 | €15,045 | +€11,187 | +289.9% |
| Total equity and liabilities | 10/49 | €1,581,475 | €1,632,789 | +€51,314 | +3.2% |
| Equity | 10/15 | €601,672 | €699,670 | +€97,998 | +16.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €581,672 | €679,670 | +€97,998 | +16.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €579,672 | €677,670 | +€97,998 | +16.9% |
| Amounts payable | 17/49 | €979,803 | €933,120 | -€46,683 | -4.8% |
| Amounts payable after more than one year | 17 | €580,912 | €477,591 | -€103,321 | -17.8% |
| Financial debts | 170/4 | €580,912 | €477,591 | -€103,321 | -17.8% |
| Amounts payable within one year | 42/48 | €387,521 | €455,528 | +€68,008 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €130,592 | €133,321 | +€2,728 | +2.1% |
| Trade debts | 44 | €81,438 | €121,881 | +€40,444 | +49.7% |
| Suppliers | 440/4 | €81,438 | €121,881 | +€40,444 | +49.7% |
| Advances received on contracts in progress | 46 | €9,575 | €19,910 | +€10,335 | +107.9% |
| Taxes, remuneration and social security | 45 | €75,050 | €88,155 | +€13,105 | +17.5% |
| Taxes | 450/3 | €26,937 | €45,315 | +€18,379 | +68.2% |
| Remuneration and social security | 454/9 | €48,113 | €42,840 | -€5,273 | -11.0% |
| Other amounts payable | 47/48 | €90,867 | €92,262 | +€1,395 | +1.5% |
| Accrued charges and deferred income | 492/3 | €11,370 | €0 | -€11,370 | -100.0% |
| Remuneration, social security and pensions | 62 | €363,938 | €357,158 | -€6,780 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,266 | €103,215 | +€5,949 | +6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,835 | €0 | -€1,835 | -100.0% |
| Other operating charges | 640/8 | €11,256 | €11,944 | +€687 | +6.1% |
| Gross operating margin | 9900 | €618,636 | €623,683 | +€5,047 | +0.8% |
| Operating profit (loss) | 9901 | €144,341 | €151,366 | +€7,026 | +4.9% |
| Financial income | 75/76B | €301 | €784 | +€484 | +160.8% |
| Recurring financial income | 75 | €301 | €784 | +€484 | +160.8% |
| Financial charges | 65/66B | €22,184 | €20,129 | -€2,055 | -9.3% |
| Recurring financial charges | 65 | €22,184 | €20,129 | -€2,055 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €122,458 | €132,022 | +€9,564 | +7.8% |
| Income taxes | 67/77 | €27,245 | €34,024 | +€6,779 | +24.9% |
| Profit (loss) for the period | 9904 | €95,213 | €97,998 | +€2,785 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €95,213 | €97,998 | +€2,785 | +2.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.