YMAX: 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.
What changed
YMAX
NACE 46.720, Wholesale of motor vehicle parts and accessories
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,448
2024 · €15,451-€8,003
Equity
€1.7m
2024 · €989,453+€699,330
Cash
€119,579
2024 · €41,208+€78,371
Balance sheet total
€2.6m
2024 · €2.0m+€631,209
Largest movements
Assets
- Tangible fixed assets +€549,222
up €549,222 (+29.2%), from €1.9m to €2.4m
of which Land and buildings: +€595,271
- Cash +€78,371
up €78,371 (+190.2%), from €41,208 to €119,579
mainly Contributions, distributions and other (+€691,882) and Depreciation (+€106,965)
Equity and liabilities
- Revaluation surpluses +€691,882
new in 2025: €691,882
- Current portion of long-term debt -€37,813
down €37,813 (-63.6%), from €59,489 to €21,676
Income statement
- Depreciation -€8,111
down €8,111 (-7.0%), from €115,075 to €106,965
- Other operating charges +€7,129
up €7,129 (+32.5%), from €21,946 to €29,075
- Financial income -€4,995
down €4,995 (-94.7%), from €5,272 to €277
- Gross operating margin -€2,624
down €2,624 (-1.3%), from €197,273 to €194,649
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.
Result 2024
€15,451
Gross operating margin
-€2,624
Staff costs
-€1,389
Depreciation
+€8,111
Other operating charges
-€7,129
Financial income
-€4,995
Financial charges
-€922
Taxes
+€946
Result 2025
€7,448
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.
From operations
+€96,555
Investment
-€656,187
Financing
+€638,002
Cash 2024
€41,208
From operations (derived)
+€96,555
Net result for the year
+€7,448
Depreciation
+€106,965
Stocks and contracts
-€2,899
Smaller working-capital items
+€868
Provisions
-€8,139
Trade debts
-€6,159
Tax, wage and social debts
-€17,531
Other debts
+€16,002
Investment (derived)
-€656,187
Investment in fixed assets (net)
-€656,187
Financing
+€638,002
Debts after one year
-€16,066
Current portion of long-term debt
-€37,813
Contributions, distributions and other
+€691,882
Cash 2025
€119,579
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,976,559 | €2,607,768 | +€631,209 | +31.9% |
| Fixed assets | 21/28 | €1,879,853 | €2,429,075 | +€549,222 | +29.2% |
| Tangible fixed assets | 22/27 | €1,879,634 | €2,428,856 | +€549,222 | +29.2% |
| Land and buildings | 22 | €1,249,335 | €1,844,606 | +€595,271 | +47.6% |
| Plant, machinery and equipment | 23 | €510,357 | €476,337 | -€34,020 | -6.7% |
| Furniture and vehicles | 24 | €19 | - | -€19 | |
| Leasing and similar rights | 25 | €119,923 | €107,914 | -€12,010 | -10.0% |
| Financial fixed assets | 28 | €219 | €219 | = | 0.0% |
| Current assets | 29/58 | €96,706 | €178,693 | +€81,987 | +84.8% |
| Stocks and contracts in progress | 3 | €18,205 | €21,105 | +€2,899 | +15.9% |
| Stocks | 30/36 | €18,205 | €21,105 | +€2,899 | +15.9% |
| Amounts receivable within one year | 40/41 | €33,305 | €32,859 | -€446 | -1.3% |
| Trade receivables | 40 | €33,202 | €31,818 | -€1,384 | -4.2% |
| Other amounts receivable | 41 | €102 | €1,041 | +€939 | +916.6% |
| Cash at bank and in hand | 54/58 | €41,208 | €119,579 | +€78,371 | +190.2% |
| Deferred charges and accrued income | 490/1 | €3,988 | €5,150 | +€1,162 | +29.2% |
| Total equity and liabilities | 10/49 | €1,976,559 | €2,607,768 | +€631,209 | +31.9% |
| Equity | 10/15 | €989,453 | €1,688,783 | +€699,330 | +70.7% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €691,882 | +€691,882 | |
| Reserves | 13 | €937,532 | €944,980 | +€7,448 | +0.8% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €632,736 | €600,182 | -€32,554 | -5.1% |
| Distributable reserves | 133 | €301,696 | €341,698 | +€40,002 | +13.3% |
| Investment grants | 15 | €20,921 | €20,921 | = | 0.0% |
| Provisions and deferred taxes | 16 | €258,184 | €250,046 | -€8,139 | -3.2% |
| Provisions for liabilities and charges | 160/5 | €100,000 | €100,000 | = | 0.0% |
| Taxes | 161 | €100,000 | €100,000 | = | 0.0% |
| Deferred taxes | 168 | €158,184 | €150,046 | -€8,139 | -5.1% |
| Amounts payable | 17/49 | €728,921 | €668,939 | -€59,983 | -8.2% |
| Amounts payable after more than one year | 17 | €559,181 | €543,115 | -€16,066 | -2.9% |
| Financial debts | 170/4 | €272,181 | €255,215 | -€16,966 | -6.2% |
| Other amounts payable | 178/9 | €287,000 | €287,900 | +€900 | +0.3% |
| Amounts payable within one year | 42/48 | €153,437 | €107,936 | -€45,501 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €59,489 | €21,676 | -€37,813 | -63.6% |
| Trade debts | 44 | €8,283 | €2,123 | -€6,159 | -74.4% |
| Suppliers | 440/4 | €8,283 | €2,123 | -€6,159 | -74.4% |
| Taxes, remuneration and social security | 45 | €25,543 | €8,012 | -€17,531 | -68.6% |
| Taxes | 450/3 | €25,543 | €8,012 | -€17,531 | -68.6% |
| Other amounts payable | 47/48 | €60,123 | €76,125 | +€16,002 | +26.6% |
| Accrued charges and deferred income | 492/3 | €16,303 | €17,888 | +€1,585 | +9.7% |
| Non-recurring operating income | 76A | €10,254 | €67,683 | +€57,429 | +560.1% |
| Remuneration, social security and pensions | 62 | €1,743 | €3,132 | +€1,389 | +79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,075 | €106,965 | -€8,111 | -7.0% |
| Other operating charges | 640/8 | €21,946 | €29,075 | +€7,129 | +32.5% |
| Gross operating margin | 9900 | €197,273 | €194,649 | -€2,624 | -1.3% |
| Operating profit (loss) | 9901 | €58,509 | €55,477 | -€3,031 | -5.2% |
| Financial income | 75/76B | €5,272 | €277 | -€4,995 | -94.7% |
| Recurring financial income | 75 | €5,272 | €277 | -€4,995 | -94.7% |
| Financial charges | 65/66B | €37,979 | €38,901 | +€922 | +2.4% |
| Recurring financial charges | 65 | €37,979 | €38,901 | +€922 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €25,802 | €16,853 | -€8,948 | -34.7% |
| Transfer from deferred taxes | 780 | €8,139 | €8,139 | = | 0.0% |
| Income taxes | 67/77 | €18,489 | €17,544 | -€946 | -5.1% |
| Profit (loss) for the period | 9904 | €15,451 | €7,448 | -€8,003 | -51.8% |
| Transfer from tax-exempt reserves | 789 | €32,554 | €32,554 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,005 | €40,002 | -€8,003 | -16.7% |
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 12 October 2026 via checked.be.