Young's: 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.
Young's
Largest movements
- Stocks and contracts -€37,465
down €37,465 (-53.2%), from €70,393 to €32,928
of which Contracts in progress: -€37,201
- Cash +€29,262
up €29,262 (+143%), from €20,405 to €49,666
mainly Stocks and contracts (+€37,465) and Other debts (+€33,077)
- Receivables within one year +€20,600
up €20,600 (+164%), from €12,550 to €33,150
of which Trade receivables: +€15,701
- Tangible fixed assets -€12,099
down €12,099 (-5.1%), from €238,855 to €226,756
of which Land and buildings: -€6,232
- Other debts +€33,077
up €33,077 (+58.2%), from €56,789 to €89,866
- Accrued charges and deferred income -€11,334
down €11,334 (-90.2%), from €12,560 to €1,226
- Debts after one year -€8,665
down €8,665 (-7.4%), from €117,607 to €108,942
- Reserves -€8,368
down €8,368 (-7.7%), from €109,028 to €100,660
of which Distributable reserves: -€7,462
- Tax, wage and social debts -€5,219
down €5,219 (-67.9%), from €7,682 to €2,464
of which Taxes: -€3,189
- Gross operating margin -€33,713
down €33,713 (-28.9%), from €116,833 to €83,119
- Depreciation +€3,158
up €3,158 (+17.1%), from €18,465 to €21,623
- Taxes -€2,980
no longer reported in 2025 (was €2,980)
- Financial charges +€1,404
up €1,404 (+36.8%), from €3,811 to €5,214
- Staff costs +€1,350
up €1,350 (+2.3%), from €59,053 to €60,403
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 | €345,321 | €344,858 | -€463 | -0.1% |
| Fixed assets | 21/28 | €238,867 | €226,768 | -€12,099 | -5.1% |
| Tangible fixed assets | 22/27 | €238,855 | €226,756 | -€12,099 | -5.1% |
| Land and buildings | 22 | €133,774 | €127,543 | -€6,232 | -4.7% |
| Plant, machinery and equipment | 23 | €4,866 | €3,772 | -€1,094 | -22.5% |
| Furniture and vehicles | 24 | €100,214 | €95,441 | -€4,773 | -4.8% |
| Financial fixed assets | 28 | €12 | €12 | = | 0.0% |
| Current assets | 29/58 | €106,454 | €118,090 | +€11,636 | +10.9% |
| Stocks and contracts in progress | 3 | €70,393 | €32,928 | -€37,465 | -53.2% |
| Stocks | 30/36 | €33,192 | €32,928 | -€264 | -0.8% |
| Contracts in progress | 37 | €37,201 | - | -€37,201 | |
| Amounts receivable within one year | 40/41 | €12,550 | €33,150 | +€20,600 | +164% |
| Trade receivables | 40 | €10,825 | €26,526 | +€15,701 | +145% |
| Other amounts receivable | 41 | €1,725 | €6,624 | +€4,899 | +284% |
| Cash at bank and in hand | 54/58 | €20,405 | €49,666 | +€29,262 | +143% |
| Deferred charges and accrued income | 490/1 | €3,107 | €2,346 | -€761 | -24.5% |
| Total equity and liabilities | 10/49 | €345,321 | €344,858 | -€463 | -0.1% |
| Equity | 10/15 | €134,028 | €125,660 | -€8,368 | -6.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €109,028 | €100,660 | -€8,368 | -7.7% |
| Tax-exempt reserves | 132 | €19,110 | €18,205 | -€906 | -4.7% |
| Distributable reserves | 133 | €89,918 | €82,455 | -€7,462 | -8.3% |
| Provisions and deferred taxes | 16 | €3,545 | €3,313 | -€232 | -6.6% |
| Deferred taxes | 168 | €3,545 | €3,313 | -€232 | -6.6% |
| Amounts payable | 17/49 | €207,748 | €215,885 | +€8,137 | +3.9% |
| Amounts payable after more than one year | 17 | €117,607 | €108,942 | -€8,665 | -7.4% |
| Financial debts | 170/4 | €117,607 | €108,942 | -€8,665 | -7.4% |
| Amounts payable within one year | 42/48 | €77,581 | €105,717 | +€28,136 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €9,689 | €9,351 | -€338 | -3.5% |
| Trade debts | 44 | €3,420 | €4,036 | +€616 | +18.0% |
| Suppliers | 440/4 | €3,420 | €4,036 | +€616 | +18.0% |
| Taxes, remuneration and social security | 45 | €7,682 | €2,464 | -€5,219 | -67.9% |
| Taxes | 450/3 | €3,189 | - | -€3,189 | |
| Remuneration and social security | 454/9 | €4,493 | €2,464 | -€2,029 | -45.2% |
| Other amounts payable | 47/48 | €56,789 | €89,866 | +€33,077 | +58.2% |
| Accrued charges and deferred income | 492/3 | €12,560 | €1,226 | -€11,334 | -90.2% |
| Remuneration, social security and pensions | 62 | €59,053 | €60,403 | +€1,350 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,465 | €21,623 | +€3,158 | +17.1% |
| Other operating charges | 640/8 | €4,328 | €4,519 | +€192 | +4.4% |
| Gross operating margin | 9900 | €116,833 | €83,119 | -€33,713 | -28.9% |
| Operating profit (loss) | 9901 | €34,988 | -€3,425 | -€38,413 | |
| Financial income | 75/76B | €504 | €40 | -€464 | -92.1% |
| Recurring financial income | 75 | €504 | €40 | -€464 | -92.1% |
| Financial charges | 65/66B | €3,811 | €5,214 | +€1,404 | +36.8% |
| Recurring financial charges | 65 | €3,811 | €5,214 | +€1,404 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €31,681 | -€8,600 | -€40,281 | |
| Transfer from deferred taxes | 780 | €232 | €232 | -€0 | 0.0% |
| Income taxes | 67/77 | €2,980 | - | -€2,980 | |
| Profit (loss) for the period | 9904 | €28,933 | -€8,368 | -€37,301 | |
| Transfer from tax-exempt reserves | 789 | €906 | €906 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,839 | -€7,462 | -€37,301 |
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 18 October 2026 via checked.be.