YPES: 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.
What changed
YPES
NACE 25.530, Machining of metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€223,273
2024 · €221,320+€1,953
Equity
€2.1m
2024 · €2.0m+€92,136
Cash
€511,583
2024 · €351,392+€160,191
Balance sheet total
€3.0m
2024 · €3.0m-€3,038
Largest movements
Assets
- Current investments -€500,000
down €500,000 (-28.6%), from €1.7m to €1.2m
- Receivables within one year +€202,777
up €202,777 (+36.2%), from €559,438 to €762,215
of which Trade receivables: +€257,672
- Cash +€160,191
up €160,191 (+45.6%), from €351,392 to €511,583
mainly Current investments (+€500,000) and Net result for the year (+€223,273)
- Tangible fixed assets +€132,715
up €132,715 (+35.7%), from €371,332 to €504,047
of which Furniture and vehicles: +€183,955
Equity and liabilities
- Profit (loss) carried forward +€93,006
up €93,006 (+5.2%), from €1.8m to €1.9m
- Debts after one year -€43,831
down €43,831 (-50.0%), from €87,662 to €43,831
- Tax, wage and social debts -€40,804
down €40,804 (-5.6%), from €724,482 to €683,678
of which Remuneration and social security: -€59,172
Income statement
- Gross operating margin +€74,438
up €74,438 (+2.2%), from €3.3m to €3.4m
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.
Result 2024
€221,320
Gross operating margin
+€74,438
Staff costs
-€29,637
Depreciation
-€32,045
Other operating charges
-€629
Other operating items
+€1,240
Financial income
-€22,121
Financial charges
+€4,115
Taxes
+€6,593
Result 2025
€223,273
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€105,773
Investment
+€229,386
Financing
-€174,968
Cash 2024
€351,392
From operations (derived)
+€105,773
Net result for the year
+€223,273
Depreciation
+€137,899
Stocks and contracts
-€3,071
Receivables within one year
-€202,777
Deferred charges and accrued income
+€1,793
Provisions
-€290
Trade debts
+€1,307
Tax, wage and social debts
-€40,804
Other debts
-€11,555
Investment (derived)
+€229,386
Investment in fixed assets (net)
-€270,614
Current investments
+€500,000
Financing
-€174,968
Debts after one year
-€43,831
Contributions, distributions and other
-€131,137
Cash 2025
€511,583
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,039,966 | €3,036,929 | -€3,038 | -0.1% |
| Fixed assets | 21/28 | €372,981 | €505,696 | +€132,715 | +35.6% |
| Tangible fixed assets | 22/27 | €371,332 | €504,047 | +€132,715 | +35.7% |
| Plant, machinery and equipment | 23 | €177,177 | €127,211 | -€49,967 | -28.2% |
| Furniture and vehicles | 24 | €163,955 | €347,911 | +€183,955 | +112% |
| Other tangible fixed assets | 26 | €30,199 | €28,926 | -€1,273 | -4.2% |
| Financial fixed assets | 28 | €1,649 | €1,649 | = | 0.0% |
| Current assets | 29/58 | €2,666,986 | €2,531,233 | -€135,753 | -5.1% |
| Stocks and contracts in progress | 3 | €1,838 | €4,910 | +€3,071 | +167% |
| Stocks | 30/36 | €1,838 | €4,910 | +€3,071 | +167% |
| Amounts receivable within one year | 40/41 | €559,438 | €762,215 | +€202,777 | +36.2% |
| Trade receivables | 40 | €492,167 | €749,839 | +€257,672 | +52.4% |
| Other amounts receivable | 41 | €67,271 | €12,376 | -€54,895 | -81.6% |
| Current investments | 50/53 | €1,749,118 | €1,249,118 | -€500,000 | -28.6% |
| Cash at bank and in hand | 54/58 | €351,392 | €511,583 | +€160,191 | +45.6% |
| Deferred charges and accrued income | 490/1 | €5,200 | €3,407 | -€1,793 | -34.5% |
| Total equity and liabilities | 10/49 | €3,039,966 | €3,036,929 | -€3,038 | -0.1% |
| Equity | 10/15 | €1,966,165 | €2,058,301 | +€92,136 | +4.7% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €76,346 | €76,346 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,625 | €56,625 | = | 0.0% |
| Distributable reserves | 133 | €11,721 | €11,721 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,801,374 | €1,894,380 | +€93,006 | +5.2% |
| Investment grants | 15 | €8,446 | €7,575 | -€871 | -10.3% |
| Provisions and deferred taxes | 16 | €2,815 | €2,525 | -€290 | -10.3% |
| Deferred taxes | 168 | €2,815 | €2,525 | -€290 | -10.3% |
| Amounts payable | 17/49 | €1,070,986 | €976,103 | -€94,883 | -8.9% |
| Amounts payable after more than one year | 17 | €87,662 | €43,831 | -€43,831 | -50.0% |
| Financial debts | 170/4 | €87,662 | €43,831 | -€43,831 | -50.0% |
| Amounts payable within one year | 42/48 | €982,123 | €931,071 | -€51,052 | -5.2% |
| Trade debts | 44 | €115,820 | €117,127 | +€1,307 | +1.1% |
| Suppliers | 440/4 | €115,820 | €117,127 | +€1,307 | +1.1% |
| Taxes, remuneration and social security | 45 | €724,482 | €683,678 | -€40,804 | -5.6% |
| Taxes | 450/3 | €36,009 | €54,377 | +€18,367 | +51.0% |
| Remuneration and social security | 454/9 | €688,472 | €629,301 | -€59,172 | -8.6% |
| Other amounts payable | 47/48 | €141,821 | €130,267 | -€11,555 | -8.1% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Non-recurring operating income | 76A | €500 | €12,120 | +€11,620 | +2,324% |
| Remuneration, social security and pensions | 62 | €2,939,521 | €2,969,159 | +€29,637 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,854 | €137,899 | +€32,045 | +30.3% |
| Other operating charges | 640/8 | €7,719 | €8,349 | +€629 | +8.2% |
| Non-recurring operating charges | 66A | €1,363 | €123 | -€1,240 | -91.0% |
| Gross operating margin | 9900 | €3,314,526 | €3,388,964 | +€74,438 | +2.2% |
| Operating profit (loss) | 9901 | €260,068 | €273,435 | +€13,367 | +5.1% |
| Financial income | 75/76B | €48,785 | €26,664 | -€22,121 | -45.3% |
| Recurring financial income | 75 | €48,785 | €26,664 | -€22,121 | -45.3% |
| Financial charges | 65/66B | €8,992 | €4,878 | -€4,115 | -45.8% |
| Recurring financial charges | 65 | €8,992 | €4,878 | -€4,115 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €299,861 | €295,221 | -€4,640 | -1.5% |
| Transfer from deferred taxes | 780 | €290 | €290 | = | 0.0% |
| Income taxes | 67/77 | €78,831 | €72,238 | -€6,593 | -8.4% |
| Profit (loss) for the period | 9904 | €221,320 | €223,273 | +€1,953 | +0.9% |
| Transfer from tax-exempt reserves | 789 | €147,350 | €0 | -€147,350 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €368,670 | €223,273 | -€145,397 | -39.4% |
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 19 October 2026 via checked.be.