YPCAR: 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.
YPCAR
Largest movements
- Stocks and contracts +€252,269
up €252,269 (+11.0%), from €2.3m to €2.5m
- Cash -€123,575
down €123,575 (-10.6%), from €1.2m to €1.0m
mainly Stocks and contracts (-€252,269) and Other debts (-€89,224)
- Tangible fixed assets -€84,992
down €84,992 (-45.7%), from €186,146 to €101,154
of which Plant, machinery and equipment: -€77,002
- Reserves +€185,749
up €185,749 (+4.5%), from €4.1m to €4.3m
of which Distributable reserves: +€185,749
- Other debts -€89,224
down €89,224 (-41.2%), from €216,754 to €127,531
- Gross operating margin -€992,708
down €992,708 (-30.5%), from €3.3m to €2.3m
- Taxes -€172,682
down €172,682 (-70.7%), from €244,404 to €71,721
- Staff costs -€164,068
down €164,068 (-8.3%), from €2.0m to €1.8m
- Other operating charges -€132,281
down €132,281 (-51.4%), from €257,114 to €124,833
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 | €5,994,493 | €6,013,543 | +€19,050 | +0.3% |
| Fixed assets | 21/28 | €186,486 | €101,494 | -€84,992 | -45.6% |
| Tangible fixed assets | 22/27 | €186,146 | €101,154 | -€84,992 | -45.7% |
| Plant, machinery and equipment | 23 | €156,977 | €79,976 | -€77,002 | -49.1% |
| Furniture and vehicles | 24 | €29,169 | €21,179 | -€7,990 | -27.4% |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €5,808,007 | €5,912,049 | +€104,042 | +1.8% |
| Stocks and contracts in progress | 3 | €2,291,748 | €2,544,017 | +€252,269 | +11.0% |
| Stocks | 30/36 | €2,291,748 | €2,544,017 | +€252,269 | +11.0% |
| Amounts receivable within one year | 40/41 | €2,351,033 | €2,326,381 | -€24,652 | -1.0% |
| Trade receivables | 40 | €1,714,064 | €1,357,052 | -€357,013 | -20.8% |
| Other amounts receivable | 41 | €636,969 | €969,329 | +€332,361 | +52.2% |
| Cash at bank and in hand | 54/58 | €1,165,226 | €1,041,651 | -€123,575 | -10.6% |
| Total equity and liabilities | 10/49 | €5,994,493 | €6,013,543 | +€19,050 | +0.3% |
| Equity | 10/15 | €4,347,281 | €4,533,030 | +€185,749 | +4.3% |
| Contributions | 10/11 | €211,856 | €211,856 | = | 0.0% |
| Capital | 10 | €211,856 | €211,856 | = | 0.0% |
| Issued capital | 100 | €211,856 | €211,856 | = | 0.0% |
| Reserves | 13 | €4,135,425 | €4,321,173 | +€185,749 | +4.5% |
| Non-distributable reserves | 130/1 | €19,375 | €19,375 | = | 0.0% |
| Legal reserve | 130 | €19,375 | €19,375 | = | 0.0% |
| Tax-exempt reserves | 132 | €631,904 | €631,904 | = | 0.0% |
| Distributable reserves | 133 | €3,484,145 | €3,669,894 | +€185,749 | +5.3% |
| Amounts payable | 17/49 | €1,647,213 | €1,480,514 | -€166,699 | -10.1% |
| Amounts payable after more than one year | 17 | €53,195 | €10,704 | -€42,491 | -79.9% |
| Financial debts | 170/4 | €53,195 | €10,704 | -€42,491 | -79.9% |
| Amounts payable within one year | 42/48 | €1,594,018 | €1,469,810 | -€124,208 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €41,976 | €42,491 | +€515 | +1.2% |
| Financial debts | 43 | €167,205 | €150,000 | -€17,205 | -10.3% |
| Other loans | 439 | €167,205 | €150,000 | -€17,205 | -10.3% |
| Trade debts | 44 | €825,063 | €816,243 | -€8,820 | -1.1% |
| Suppliers | 440/4 | €825,063 | €816,243 | -€8,820 | -1.1% |
| Taxes, remuneration and social security | 45 | €343,020 | €333,545 | -€9,474 | -2.8% |
| Taxes | 450/3 | €65,081 | €5,102 | -€59,979 | -92.2% |
| Remuneration and social security | 454/9 | €277,939 | €328,443 | +€50,505 | +18.2% |
| Other amounts payable | 47/48 | €216,754 | €127,531 | -€89,224 | -41.2% |
| Remuneration, social security and pensions | 62 | €1,972,108 | €1,808,040 | -€164,068 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,019 | €84,992 | +€973 | +1.2% |
| Other operating charges | 640/8 | €257,114 | €124,833 | -€132,281 | -51.4% |
| Gross operating margin | 9900 | €3,257,615 | €2,264,907 | -€992,708 | -30.5% |
| Operating profit (loss) | 9901 | €944,375 | €247,042 | -€697,333 | -73.8% |
| Financial income | 75/76B | €55 | €19,564 | +€19,508 | +35424.8% |
| Recurring financial income | 75 | €55 | €19,564 | +€19,508 | +35424.8% |
| Financial charges | 65/66B | €12,748 | €9,135 | -€3,613 | -28.3% |
| Recurring financial charges | 65 | €12,748 | €9,135 | -€3,613 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €931,681 | €257,470 | -€674,211 | -72.4% |
| Income taxes | 67/77 | €244,404 | €71,721 | -€172,682 | -70.7% |
| Profit (loss) for the period | 9904 | €687,278 | €185,749 | -€501,529 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €687,278 | €185,749 | -€501,529 | -73.0% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.