YMFA: 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.
YMFA
Largest movements
- Tangible fixed assets -€123,168
down €123,168 (-10.2%), from €1.2m to €1.1m
of which Land and buildings: -€122,252
- Cash -€47,282
down €47,282 (-95.7%), from €49,404 to €2,122
mainly Other debts (-€163,805) and Receivables within one year (-€27,560)
- Other debts -€163,805
down €163,805 (-14.7%), from €1.1m to €947,968
- Profit (loss) carried forward +€77,767
up €77,767 (+22.1%), from -€351,291 to -€273,524
- Reserves -€44,719
down €44,719 (-13.0%), from €344,473 to €299,754
of which Tax-exempt reserves: -€44,719
- Gross operating margin +€63,315
up €63,315 (+31.7%), from €199,552 to €262,866
- Taxes +€28,018
up €28,018 (+3,028%), from €925 to €28,944
- Financial charges -€24,433
down €24,433 (-26.6%), from €91,940 to €67,507
- Financial income -€15,001
down €15,001 (-59.4%), from €25,269 to €10,269
- Depreciation -€13,229
down €13,229 (-8.8%), from €150,457 to €137,227
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 | €3,339,887 | €3,200,047 | -€139,840 | -4.2% |
| Fixed assets | 21/28 | €3,132,666 | €3,009,498 | -€123,168 | -3.9% |
| Tangible fixed assets | 22/27 | €1,211,667 | €1,088,499 | -€123,168 | -10.2% |
| Land and buildings | 22 | €1,209,415 | €1,087,163 | -€122,252 | -10.1% |
| Plant, machinery and equipment | 23 | €2,252 | €1,336 | -€916 | -40.7% |
| Financial fixed assets | 28 | €1,920,999 | €1,920,999 | = | 0.0% |
| Current assets | 29/58 | €207,221 | €190,549 | -€16,672 | -8.0% |
| Amounts receivable within one year | 40/41 | €117,476 | €145,036 | +€27,560 | +23.5% |
| Trade receivables | 40 | €4,685 | - | -€4,685 | |
| Other amounts receivable | 41 | €112,791 | €145,036 | +€32,245 | +28.6% |
| Cash at bank and in hand | 54/58 | €49,404 | €2,122 | -€47,282 | -95.7% |
| Deferred charges and accrued income | 490/1 | €40,341 | €43,391 | +€3,050 | +7.6% |
| Total equity and liabilities | 10/49 | €3,339,887 | €3,200,047 | -€139,840 | -4.2% |
| Equity | 10/15 | €1,993,182 | €2,026,229 | +€33,048 | +1.7% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Other | 1109/19 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €344,473 | €299,754 | -€44,719 | -13.0% |
| Tax-exempt reserves | 132 | €341,265 | €296,545 | -€44,719 | -13.1% |
| Distributable reserves | 133 | €3,208 | €3,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€351,291 | -€273,524 | +€77,767 | +22.1% |
| Provisions and deferred taxes | 16 | €113,755 | €98,848 | -€14,906 | -13.1% |
| Deferred taxes | 168 | €113,755 | €98,848 | -€14,906 | -13.1% |
| Amounts payable | 17/49 | €1,232,950 | €1,074,969 | -€157,981 | -12.8% |
| Amounts payable after more than one year | 17 | €20,700 | €22,540 | +€1,840 | +8.9% |
| Other amounts payable | 178/9 | €20,700 | €22,540 | +€1,840 | +8.9% |
| Amounts payable within one year | 42/48 | €1,116,285 | €979,993 | -€136,293 | -12.2% |
| Trade debts | 44 | €1,801 | €1,472 | -€329 | -18.3% |
| Suppliers | 440/4 | €1,801 | €1,472 | -€329 | -18.3% |
| Taxes, remuneration and social security | 45 | €2,712 | €30,553 | +€27,841 | +1,027% |
| Taxes | 450/3 | €2,425 | €30,444 | +€28,018 | +1,155% |
| Remuneration and social security | 454/9 | €287 | €110 | -€177 | -61.8% |
| Other amounts payable | 47/48 | €1,111,773 | €947,968 | -€163,805 | -14.7% |
| Accrued charges and deferred income | 492/3 | €95,964 | €72,436 | -€23,528 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,457 | €137,227 | -€13,229 | -8.8% |
| Other operating charges | 640/8 | €20,540 | €21,316 | +€776 | +3.8% |
| Gross operating margin | 9900 | €199,552 | €262,866 | +€63,315 | +31.7% |
| Operating profit (loss) | 9901 | €28,556 | €104,324 | +€75,768 | +265% |
| Financial income | 75/76B | €25,269 | €10,269 | -€15,001 | -59.4% |
| Recurring financial income | 75 | €25,269 | €10,269 | -€15,001 | -59.4% |
| Financial charges | 65/66B | €91,940 | €67,507 | -€24,433 | -26.6% |
| Recurring financial charges | 65 | €91,940 | €67,507 | -€24,433 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | -€38,115 | €47,085 | +€85,200 | |
| Transfer from deferred taxes | 780 | €14,906 | €14,906 | = | 0.0% |
| Income taxes | 67/77 | €925 | €28,944 | +€28,018 | +3,028% |
| Profit (loss) for the period | 9904 | -€24,134 | €33,048 | +€57,182 | |
| Transfer from tax-exempt reserves | 789 | €44,719 | €44,719 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,585 | €77,767 | +€57,182 | +278% |
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.