YPCAR Cy: 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 Cy
Largest movements
- Tangible fixed assets -€284,229
down €284,229 (-8.5%), from €3.3m to €3.1m
of which Land and buildings: -€181,629
- Receivables within one year -€135,471
down €135,471 (-9.8%), from €1.4m to €1.2m
of which Trade receivables: -€143,630
- Debts after one year -€366,758
down €366,758 (-12.2%), from €3.0m to €2.6m
- Other debts -€176,764
down €176,764 (-43.5%), from €406,429 to €229,665
- Reserves +€65,523
up €65,523 (+7.2%), from €908,356 to €973,879
of which Distributable reserves: +€65,523
- Staff costs -€42,961
no longer reported in 2025 (was €42,961)
- Gross operating margin -€42,761
down €42,761 (-8.2%), from €520,935 to €478,174
- Other operating charges +€17,619
up €17,619 (+63.3%), from €27,836 to €45,455
- Depreciation -€9,572
down €9,572 (-3.3%), from €293,801 to €284,229
- Financial charges -€8,364
down €8,364 (-12.0%), from €69,489 to €61,125
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 | €4,762,958 | €4,314,245 | -€448,713 | -9.4% |
| Fixed assets | 21/28 | €3,346,975 | €3,062,746 | -€284,229 | -8.5% |
| Tangible fixed assets | 22/27 | €3,346,975 | €3,062,746 | -€284,229 | -8.5% |
| Land and buildings | 22 | €3,057,129 | €2,875,500 | -€181,629 | -5.9% |
| Plant, machinery and equipment | 23 | €269,575 | €173,975 | -€95,600 | -35.5% |
| Furniture and vehicles | 24 | €20,271 | €13,271 | -€7,000 | -34.5% |
| Current assets | 29/58 | €1,415,983 | €1,251,500 | -€164,483 | -11.6% |
| Amounts receivable within one year | 40/41 | €1,377,556 | €1,242,085 | -€135,471 | -9.8% |
| Trade receivables | 40 | €143,630 | - | -€143,630 | |
| Other amounts receivable | 41 | €1,233,926 | €1,242,085 | +€8,159 | +0.7% |
| Cash at bank and in hand | 54/58 | €38,427 | €9,415 | -€29,012 | -75.5% |
| Total equity and liabilities | 10/49 | €4,762,958 | €4,314,245 | -€448,713 | -9.4% |
| Equity | 10/15 | €969,856 | €1,035,379 | +€65,523 | +6.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €908,356 | €973,879 | +€65,523 | +7.2% |
| Non-distributable reserves | 130/1 | €5,625 | €5,625 | = | 0.0% |
| Legal reserve | 130 | €5,625 | €5,625 | = | 0.0% |
| Tax-exempt reserves | 132 | €117 | €117 | = | 0.0% |
| Distributable reserves | 133 | €902,614 | €968,137 | +€65,523 | +7.3% |
| Amounts payable | 17/49 | €3,793,103 | €3,278,866 | -€514,236 | -13.6% |
| Amounts payable after more than one year | 17 | €3,010,717 | €2,643,958 | -€366,758 | -12.2% |
| Financial debts | 170/4 | €3,010,717 | €2,643,958 | -€366,758 | -12.2% |
| Amounts payable within one year | 42/48 | €782,386 | €634,908 | -€147,478 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €358,756 | €366,758 | +€8,002 | +2.2% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Other loans | 439 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €2,933 | €1,083 | -€1,850 | -63.1% |
| Suppliers | 440/4 | €2,933 | €1,083 | -€1,850 | -63.1% |
| Taxes, remuneration and social security | 45 | €14,268 | €12,402 | -€1,866 | -13.1% |
| Taxes | 450/3 | €14,268 | €12,402 | -€1,866 | -13.1% |
| Other amounts payable | 47/48 | €406,429 | €229,665 | -€176,764 | -43.5% |
| Remuneration, social security and pensions | 62 | €42,961 | - | -€42,961 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €293,801 | €284,229 | -€9,572 | -3.3% |
| Other operating charges | 640/8 | €27,836 | €45,455 | +€17,619 | +63.3% |
| Gross operating margin | 9900 | €520,935 | €478,174 | -€42,761 | -8.2% |
| Operating profit (loss) | 9901 | €156,336 | €148,489 | -€7,847 | -5.0% |
| Financial income | 75/76B | €249 | - | -€249 | |
| Recurring financial income | 75 | €249 | - | -€249 | |
| Financial charges | 65/66B | €69,489 | €61,125 | -€8,364 | -12.0% |
| Recurring financial charges | 65 | €69,489 | €61,125 | -€8,364 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €87,096 | €87,364 | +€268 | +0.3% |
| Income taxes | 67/77 | €21,536 | €21,841 | +€305 | +1.4% |
| Profit (loss) for the period | 9904 | €65,560 | €65,523 | -€36 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,560 | €65,523 | -€36 | -0.1% |
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 22 October 2026 via checked.be.