YMEVEM: 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.
YMEVEM
Largest movements
- Receivables within one year +€1.0m
up €1.0m (+4040.4%), from €25,000 to €1.0m
of which Other amounts receivable: +€1.0m
- Tangible fixed assets +€488,571
up €488,571 (+200.6%), from €243,593 to €732,164
of which Land and buildings: +€588,719
- Intangible fixed assets -€420,945
no longer reported in 2025 (was €420,945)
- Cash -€387,752
down €387,752 (-71.8%), from €539,704 to €151,952
mainly Receivables within one year (-€1.0m) and Contributions, distributions and other (-€481,765)
- Deferred charges and accrued income -€40,679
down €40,679 (-98.4%), from €41,335 to €657
- Reserves +€496,000
new in 2025: €496,000
- Debts after one year +€433,065
up €433,065 (+73.5%), from €589,240 to €1.0m
- Profit (loss) carried forward -€378,849
down €378,849 (-99.4%), from €381,203 to €2,354
- Provisions +€124,000
new in 2025: €124,000
- Tax, wage and social debts -€56,679
down €56,679 (-39.7%), from €142,947 to €86,268
of which Taxes: -€42,881
- Gross operating margin +€388,305
up €388,305 (+86.7%), from €448,039 to €836,344
- Depreciation -€125,140
down €125,140 (-99.5%), from €125,734 to €594
- Staff costs -€46,583
down €46,583 (-52.6%), from €88,479 to €41,896
- Taxes -€20,503
down €20,503 (-38.9%), from €52,655 to €32,152
- Financial charges +€14,379
up €14,379 (+65.1%), from €22,095 to €36,474
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 | €1,298,554 | €1,924,515 | +€625,961 | +48.2% |
| Fixed assets | 21/28 | €669,187 | €736,812 | +€67,625 | +10.1% |
| Intangible fixed assets | 21 | €420,945 | - | -€420,945 | |
| Tangible fixed assets | 22/27 | €243,593 | €732,164 | +€488,571 | +200.6% |
| Land and buildings | 22 | €135,000 | €723,719 | +€588,719 | +436.1% |
| Plant, machinery and equipment | 23 | €71,924 | €8,445 | -€63,479 | -88.3% |
| Furniture and vehicles | 24 | €36,669 | - | -€36,669 | |
| Financial fixed assets | 28 | €4,648 | €4,648 | = | 0.0% |
| Current assets | 29/58 | €629,367 | €1,187,703 | +€558,336 | +88.7% |
| Stocks and contracts in progress | 3 | €23,328 | - | -€23,328 | |
| Stocks | 30/36 | €23,328 | - | -€23,328 | |
| Amounts receivable within one year | 40/41 | €25,000 | €1,035,095 | +€1.0m | +4040.4% |
| Trade receivables | 40 | €13,240 | - | -€13,240 | |
| Other amounts receivable | 41 | €11,760 | €1,035,095 | +€1.0m | +8702.0% |
| Cash at bank and in hand | 54/58 | €539,704 | €151,952 | -€387,752 | -71.8% |
| Deferred charges and accrued income | 490/1 | €41,335 | €657 | -€40,679 | -98.4% |
| Total equity and liabilities | 10/49 | €1,298,554 | €1,924,515 | +€625,961 | +48.2% |
| Equity | 10/15 | €416,203 | €533,354 | +€117,151 | +28.1% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | - | €496,000 | +€496,000 | |
| Tax-exempt reserves | 132 | - | €496,000 | +€496,000 | |
| Profit (loss) carried forward | 14 | €381,203 | €2,354 | -€378,849 | -99.4% |
| Provisions and deferred taxes | 16 | - | €124,000 | +€124,000 | |
| Deferred taxes | 168 | - | €124,000 | +€124,000 | |
| Amounts payable | 17/49 | €882,351 | €1,267,161 | +€384,810 | +43.6% |
| Amounts payable after more than one year | 17 | €589,240 | €1,022,305 | +€433,065 | +73.5% |
| Financial debts | 170/4 | €589,240 | €1,022,305 | +€433,065 | +73.5% |
| Amounts payable within one year | 42/48 | €293,111 | €244,856 | -€48,256 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €132,682 | €144,067 | +€11,385 | +8.6% |
| Trade debts | 44 | €17,482 | €521 | -€16,961 | -97.0% |
| Suppliers | 440/4 | €17,482 | €521 | -€16,961 | -97.0% |
| Taxes, remuneration and social security | 45 | €142,947 | €86,268 | -€56,679 | -39.7% |
| Taxes | 450/3 | €127,684 | €84,803 | -€42,881 | -33.6% |
| Remuneration and social security | 454/9 | €15,263 | €1,466 | -€13,798 | -90.4% |
| Other amounts payable | 47/48 | - | €14,000 | +€14,000 | |
| Non-recurring operating income | 76A | - | €766,788 | +€766,788 | |
| Remuneration, social security and pensions | 62 | €88,479 | €41,896 | -€46,583 | -52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,734 | €594 | -€125,140 | -99.5% |
| Other operating charges | 640/8 | €1,257 | €2,976 | +€1,719 | +136.8% |
| Gross operating margin | 9900 | €448,039 | €836,344 | +€388,305 | +86.7% |
| Operating profit (loss) | 9901 | €232,569 | €790,878 | +€558,309 | +240.1% |
| Financial income | 75/76B | €94 | €664 | +€570 | +605.3% |
| Recurring financial income | 75 | €94 | €664 | +€570 | +605.3% |
| Financial charges | 65/66B | €22,095 | €36,474 | +€14,379 | +65.1% |
| Recurring financial charges | 65 | €22,095 | €36,474 | +€14,379 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | €210,569 | €755,068 | +€544,499 | +258.6% |
| Transfer to deferred taxes | 680 | - | €124,000 | +€124,000 | |
| Income taxes | 67/77 | €52,655 | €32,152 | -€20,503 | -38.9% |
| Profit (loss) for the period | 9904 | €157,914 | €598,916 | +€441,002 | +279.3% |
| Transfer to tax-exempt reserves | 689 | - | €496,000 | +€496,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €157,914 | €102,916 | -€54,998 | -34.8% |
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.