YPAS: 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.
YPAS
Largest movements
- Cash +€44,991
up €44,991 (+23.6%), from €191,015 to €236,005
mainly Depreciation (+€51,049) and Net result for the year (+€21,187)
- Deferred charges and accrued income -€17,000
no longer reported in 2025 (was €17,000)
- Tangible fixed assets -€13,731
down €13,731 (-6.1%), from €223,685 to €209,953
of which Plant, machinery and equipment: -€15,544
- Receivables within one year +€5,522
up €5,522 (+9.9%), from €55,511 to €61,033
of which Trade receivables: +€2,869
- Profit (loss) carried forward +€21,187
up €21,187 (+4.9%), from €429,599 to €450,786
- Other debts +€11,164
up €11,164 (+1407.2%), from €793 to €11,958
- Tax, wage and social debts -€7,951
down €7,951 (-34.2%), from €23,245 to €15,294
of which Taxes: -€4,834
- Gross operating margin -€28,368
down €28,368 (-18.3%), from €154,704 to €126,336
- Other operating charges -€12,038
down €12,038 (-76.0%), from €15,846 to €3,808
- Staff costs -€10,244
down €10,244 (-21.1%), from €48,549 to €38,304
- Depreciation +€6,268
up €6,268 (+14.0%), from €44,781 to €51,049
- Taxes -€3,556
down €3,556 (-23.4%), from €15,194 to €11,637
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 | €487,211 | €506,992 | +€19,782 | +4.1% |
| Fixed assets | 21/28 | €223,685 | €209,953 | -€13,731 | -6.1% |
| Tangible fixed assets | 22/27 | €223,685 | €209,953 | -€13,731 | -6.1% |
| Land and buildings | 22 | €89,710 | €76,894 | -€12,816 | -14.3% |
| Plant, machinery and equipment | 23 | €93,527 | €77,983 | -€15,544 | -16.6% |
| Furniture and vehicles | 24 | €40,448 | €55,076 | +€14,628 | +36.2% |
| Current assets | 29/58 | €263,526 | €297,039 | +€33,513 | +12.7% |
| Amounts receivable within one year | 40/41 | €55,511 | €61,033 | +€5,522 | +9.9% |
| Trade receivables | 40 | €55,511 | €58,380 | +€2,869 | +5.2% |
| Other amounts receivable | 41 | - | €2,653 | +€2,653 | |
| Cash at bank and in hand | 54/58 | €191,015 | €236,005 | +€44,991 | +23.6% |
| Deferred charges and accrued income | 490/1 | €17,000 | - | -€17,000 | |
| Total equity and liabilities | 10/49 | €487,211 | €506,992 | +€19,782 | +4.1% |
| Equity | 10/15 | €445,599 | €466,786 | +€21,187 | +4.8% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €429,599 | €450,786 | +€21,187 | +4.9% |
| Amounts payable | 17/49 | €41,611 | €40,206 | -€1,405 | -3.4% |
| Amounts payable within one year | 42/48 | €41,611 | €40,206 | -€1,405 | -3.4% |
| Trade debts | 44 | €17,573 | €12,954 | -€4,618 | -26.3% |
| Suppliers | 440/4 | €17,573 | €12,954 | -€4,618 | -26.3% |
| Taxes, remuneration and social security | 45 | €23,245 | €15,294 | -€7,951 | -34.2% |
| Taxes | 450/3 | €20,128 | €15,294 | -€4,834 | -24.0% |
| Remuneration and social security | 454/9 | €3,117 | - | -€3,117 | |
| Other amounts payable | 47/48 | €793 | €11,958 | +€11,164 | +1407.2% |
| Non-recurring operating income | 76A | - | €9,050 | +€9,050 | |
| Remuneration, social security and pensions | 62 | €48,549 | €38,304 | -€10,244 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,781 | €51,049 | +€6,268 | +14.0% |
| Other operating charges | 640/8 | €15,846 | €3,808 | -€12,038 | -76.0% |
| Gross operating margin | 9900 | €154,704 | €126,336 | -€28,368 | -18.3% |
| Operating profit (loss) | 9901 | €45,529 | €33,175 | -€12,354 | -27.1% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €85 | €351 | +€265 | +311.6% |
| Recurring financial charges | 65 | €85 | €351 | +€265 | +311.6% |
| Profit (loss) for the period before taxes | 9903 | €45,447 | €32,824 | -€12,622 | -27.8% |
| Income taxes | 67/77 | €15,194 | €11,637 | -€3,556 | -23.4% |
| Profit (loss) for the period | 9904 | €30,253 | €21,187 | -€9,066 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,253 | €21,187 | -€9,066 | -30.0% |
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 4 October 2026 via checked.be.