YPSO: 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.
YPSO
Largest movements
- Cash -€468,559
down €468,559 (-72.3%), from €647,951 to €179,392
mainly Contributions, distributions and other (-€597,785) and Receivables after one year (-€286,000)
- Receivables after one year +€286,000
up €286,000 (+106%), from €270,000 to €556,000
- Reserves -€582,361
down €582,361 (-21.4%), from €2.7m to €2.1m
of which Distributable reserves: -€582,361
- Other debts +€412,153
up €412,153 (+222%), from €185,632 to €597,785
- Financial income -€171,615
down €171,615 (-94.9%), from €180,812 to €9,197
- Taxes -€11,347
down €11,347 (-51.4%), from €22,094 to €10,747
- Gross operating margin +€6,171
up €6,171 (+21.4%), from €28,781 to €34,951
- Depreciation +€1,802
up €1,802 (+15.0%), from €12,005 to €13,807
- Financial charges -€659
down €659 (-18.2%), from €3,621 to €2,962
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 | €2,947,323 | €2,768,145 | -€179,178 | -6.1% |
| Fixed assets | 21/28 | €1,968,521 | €1,978,723 | +€10,202 | +0.5% |
| Tangible fixed assets | 22/27 | €39,271 | €49,473 | +€10,202 | +26.0% |
| Plant, machinery and equipment | 23 | €8,238 | €14,780 | +€6,541 | +79.4% |
| Furniture and vehicles | 24 | €27,714 | €32,004 | +€4,290 | +15.5% |
| Other tangible fixed assets | 26 | €3,318 | €2,689 | -€629 | -19.0% |
| Financial fixed assets | 28 | €1,929,250 | €1,929,250 | = | 0.0% |
| Current assets | 29/58 | €978,802 | €789,422 | -€189,380 | -19.3% |
| Amounts receivable after more than one year | 29 | €270,000 | €556,000 | +€286,000 | +106% |
| Other amounts receivable | 291 | €270,000 | €556,000 | +€286,000 | +106% |
| Amounts receivable within one year | 40/41 | €55,677 | €53,309 | -€2,367 | -4.3% |
| Trade receivables | 40 | €55,645 | €50,139 | -€5,507 | -9.9% |
| Other amounts receivable | 41 | €31 | €3,171 | +€3,139 | +9,972% |
| Cash at bank and in hand | 54/58 | €647,951 | €179,392 | -€468,559 | -72.3% |
| Deferred charges and accrued income | 490/1 | €5,174 | €720 | -€4,454 | -86.1% |
| Total equity and liabilities | 10/49 | €2,947,323 | €2,768,145 | -€179,178 | -6.1% |
| Equity | 10/15 | €2,727,751 | €2,145,390 | -€582,361 | -21.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,721,339 | €2,138,978 | -€582,361 | -21.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,219 | €45,219 | = | 0.0% |
| Distributable reserves | 133 | €2,674,260 | €2,091,899 | -€582,361 | -21.8% |
| Profit (loss) carried forward | 14 | €212 | €212 | = | 0.0% |
| Provisions and deferred taxes | 16 | €7,080 | €7,080 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,080 | €7,080 | = | 0.0% |
| Other liabilities and charges | 164/5 | €7,080 | €7,080 | = | 0.0% |
| Amounts payable | 17/49 | €212,491 | €615,675 | +€403,184 | +190% |
| Amounts payable within one year | 42/48 | €212,491 | €615,675 | +€403,184 | +190% |
| Trade debts | 44 | €13,160 | €8,787 | -€4,373 | -33.2% |
| Suppliers | 440/4 | €13,160 | €8,787 | -€4,373 | -33.2% |
| Taxes, remuneration and social security | 45 | €13,699 | €9,103 | -€4,596 | -33.6% |
| Taxes | 450/3 | €13,699 | €6,099 | -€7,600 | -55.5% |
| Remuneration and social security | 454/9 | - | €3,004 | +€3,004 | |
| Other amounts payable | 47/48 | €185,632 | €597,785 | +€412,153 | +222% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,005 | €13,807 | +€1,802 | +15.0% |
| Other operating charges | 640/8 | €1,178 | €1,208 | +€31 | +2.6% |
| Gross operating margin | 9900 | €28,781 | €34,951 | +€6,171 | +21.4% |
| Operating profit (loss) | 9901 | €15,598 | €19,936 | +€4,338 | +27.8% |
| Financial income | 75/76B | €180,812 | €9,197 | -€171,615 | -94.9% |
| Recurring financial income | 75 | €180,812 | €9,197 | -€171,615 | -94.9% |
| Financial charges | 65/66B | €3,621 | €2,962 | -€659 | -18.2% |
| Recurring financial charges | 65 | €3,621 | €2,962 | -€659 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €192,790 | €26,171 | -€166,618 | -86.4% |
| Income taxes | 67/77 | €22,094 | €10,747 | -€11,347 | -51.4% |
| Profit (loss) for the period | 9904 | €170,695 | €15,424 | -€155,271 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €170,695 | €15,424 | -€155,271 | -91.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.