YPFC: 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.
YPFC
Largest movements
- Receivables within one year -€55,213
down €55,213 (-96.0%), from €57,533 to €2,320
of which Trade receivables: -€56,444
- Current investments +€50,000
new in 2025: €50,000
- Cash -€35,435
down €35,435 (-71.1%), from €49,818 to €14,383
mainly Current investments (-€50,000) and Accrued charges and deferred income (-€46,194)
- Deferred charges and accrued income -€16,587
down €16,587 (-96.5%), from €17,188 to €601
- Accrued charges and deferred income -€46,194
down €46,194 (-99.1%), from €46,594 to €400
- Tax, wage and social debts -€10,876
down €10,876 (-50.6%), from €21,486 to €10,609
of which Taxes: -€10,262
- Profit (loss) carried forward +€4,432
up €4,432 (+78.2%), from €5,671 to €10,102
- Current portion of long-term debt -€2,503
no longer reported in 2025 (was €2,503)
- Trade debts -€2,216
down €2,216 (-59.6%), from €3,720 to €1,504
- Gross operating margin -€45,516
down €45,516 (-56.3%), from €80,829 to €35,313
- Taxes -€8,808
down €8,808 (-81.9%), from €10,752 to €1,944
- Staff costs -€7,539
down €7,539 (-21.9%), from €34,424 to €26,884
- Other operating charges +€913
up €913 (+133.8%), from €682 to €1,595
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 | €124,637 | €67,304 | -€57,333 | -46.0% |
| Fixed assets | 21/28 | €98 | - | -€98 | |
| Tangible fixed assets | 22/27 | €98 | - | -€98 | |
| Furniture and vehicles | 24 | €98 | - | -€98 | |
| Current assets | 29/58 | €124,539 | €67,304 | -€57,235 | -46.0% |
| Amounts receivable within one year | 40/41 | €57,533 | €2,320 | -€55,213 | -96.0% |
| Trade receivables | 40 | €57,533 | €1,089 | -€56,444 | -98.1% |
| Other amounts receivable | 41 | - | €1,231 | +€1,231 | |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €49,818 | €14,383 | -€35,435 | -71.1% |
| Deferred charges and accrued income | 490/1 | €17,188 | €601 | -€16,587 | -96.5% |
| Total equity and liabilities | 10/49 | €124,637 | €67,304 | -€57,333 | -46.0% |
| Equity | 10/15 | €48,574 | €53,005 | +€4,432 | +9.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €30,503 | €30,503 | = | 0.0% |
| Distributable reserves | 133 | €30,503 | €30,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,671 | €10,102 | +€4,432 | +78.2% |
| Amounts payable | 17/49 | €76,063 | €14,299 | -€61,764 | -81.2% |
| Amounts payable within one year | 42/48 | €29,469 | €13,899 | -€15,570 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €2,503 | - | -€2,503 | |
| Trade debts | 44 | €3,720 | €1,504 | -€2,216 | -59.6% |
| Suppliers | 440/4 | €3,720 | €1,504 | -€2,216 | -59.6% |
| Taxes, remuneration and social security | 45 | €21,486 | €10,609 | -€10,876 | -50.6% |
| Taxes | 450/3 | €17,039 | €6,777 | -€10,262 | -60.2% |
| Remuneration and social security | 454/9 | €4,447 | €3,832 | -€615 | -13.8% |
| Other amounts payable | 47/48 | €1,761 | €1,786 | +€25 | +1.4% |
| Accrued charges and deferred income | 492/3 | €46,594 | €400 | -€46,194 | -99.1% |
| Remuneration, social security and pensions | 62 | €34,424 | €26,884 | -€7,539 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €647 | €98 | -€549 | -84.9% |
| Other operating charges | 640/8 | €682 | €1,595 | +€913 | +133.8% |
| Non-recurring operating charges | 66A | €6,473 | - | -€6,473 | |
| Gross operating margin | 9900 | €80,829 | €35,313 | -€45,516 | -56.3% |
| Operating profit (loss) | 9901 | €38,603 | €6,736 | -€31,867 | -82.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €629 | €360 | -€268 | -42.7% |
| Recurring financial charges | 65 | €629 | €360 | -€268 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €37,975 | €6,376 | -€31,599 | -83.2% |
| Income taxes | 67/77 | €10,752 | €1,944 | -€8,808 | -81.9% |
| Profit (loss) for the period | 9904 | €27,223 | €4,432 | -€22,791 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,223 | €4,432 | -€22,791 | -83.7% |
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 1 October 2026 via checked.be.