YS: 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.
What changed
YS
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€111,319
2024 · -€70,729+€182,048
Equity
€10.4m
2024 · €10.3m+€111,319
Cash
€167,433
2024 · €330,421-€162,988
Balance sheet total
€25.9m
2024 · €26.4m-€500,088
Largest movements
Assets
- Receivables after one year -€582,093
down €582,093 (-18.6%), from €3.1m to €2.5m
Equity and liabilities
- Debts after one year -€781,295
down €781,295 (-6.1%), from €12.8m to €12.0m
Income statement
- Financial income +€539,733
up €539,733 (+336.5%), from €160,385 to €700,118
- Depreciation +€66,430
up €66,430 (+43.3%), from €153,352 to €219,782
- Gross operating margin +€30,409
up €30,409 (+7.7%), from €396,857 to €427,266
- Financial charges +€10,225
up €10,225 (+2.3%), from €450,118 to €460,343
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
-€70,729
Gross operating margin
+€30,409
Depreciation
-€66,430
Other operating charges
-€1,452
Other operating items
-€310,000
Financial income
+€539,733
Financial charges
-€10,225
Taxes
+€14
Result 2025
€111,319
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.
From operations
+€1.2m
Investment
-€419,701
Financing
-€919,000
Cash 2024
€330,421
From operations (derived)
+€1.2m
Net result for the year
+€111,319
Depreciation
+€219,782
Receivables after one year
+€582,093
Receivables within one year
-€36,838
Deferred charges and accrued income
-€8,236
Trade debts
+€88,331
Tax, wage and social debts
+€29,664
Other debts
+€200,000
Accrued charges and deferred income
-€10,401
Investment (derived)
-€419,701
Investment in fixed assets (net)
-€433,689
Current investments
+€13,989
Financing
-€919,000
Debts after one year
-€781,295
Current portion of long-term debt
-€85,937
Short-term financial debts
-€51,768
Cash 2025
€167,433
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,395,502 | €25,895,414 | -€500,088 | -1.9% |
| Fixed assets | 21/28 | €12,955,565 | €13,169,473 | +€213,907 | +1.7% |
| Tangible fixed assets | 22/27 | €7,093,993 | €7,311,211 | +€217,217 | +3.1% |
| Land and buildings | 22 | €7,093,497 | €7,309,991 | +€216,494 | +3.1% |
| Plant, machinery and equipment | 23 | €496 | €1,219 | +€723 | +145.9% |
| Financial fixed assets | 28 | €5,861,572 | €5,858,262 | -€3,310 | -0.1% |
| Current assets | 29/58 | €13,439,937 | €12,725,941 | -€713,996 | -5.3% |
| Amounts receivable after more than one year | 29 | €3,124,190 | €2,542,097 | -€582,093 | -18.6% |
| Other amounts receivable | 291 | €3,124,190 | €2,542,097 | -€582,093 | -18.6% |
| Amounts receivable within one year | 40/41 | €524,643 | €561,481 | +€36,838 | +7.0% |
| Trade receivables | 40 | €8,934 | €6,708 | -€2,227 | -24.9% |
| Other amounts receivable | 41 | €515,709 | €554,773 | +€39,065 | +7.6% |
| Current investments | 50/53 | €9,455,595 | €9,441,607 | -€13,989 | -0.1% |
| Cash at bank and in hand | 54/58 | €330,421 | €167,433 | -€162,988 | -49.3% |
| Deferred charges and accrued income | 490/1 | €5,088 | €13,324 | +€8,236 | +161.9% |
| Total equity and liabilities | 10/49 | €26,395,502 | €25,895,414 | -€500,088 | -1.9% |
| Equity | 10/15 | €10,259,614 | €10,370,933 | +€111,319 | +1.1% |
| Contributions | 10/11 | €8,901,679 | €8,901,679 | = | 0.0% |
| Capital | 10 | €8,901,679 | €8,901,679 | = | 0.0% |
| Issued capital | 100 | €8,901,679 | €8,901,679 | = | 0.0% |
| Reserves | 13 | €1,714,760 | €1,714,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,118 | €50,118 | = | 0.0% |
| Legal reserve | 130 | €50,118 | €50,118 | = | 0.0% |
| Tax-exempt reserves | 132 | €712,395 | €712,395 | = | 0.0% |
| Distributable reserves | 133 | €952,247 | €952,247 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€356,824 | -€245,505 | +€111,319 | +31.2% |
| Provisions and deferred taxes | 16 | €237,465 | €237,465 | = | 0.0% |
| Deferred taxes | 168 | €237,465 | €237,465 | = | 0.0% |
| Amounts payable | 17/49 | €15,898,423 | €15,287,016 | -€611,407 | -3.8% |
| Amounts payable after more than one year | 17 | €12,811,102 | €12,029,807 | -€781,295 | -6.1% |
| Financial debts | 170/4 | €12,811,102 | €12,029,807 | -€781,295 | -6.1% |
| Amounts payable within one year | 42/48 | €2,907,579 | €3,087,869 | +€180,290 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €909,138 | €823,201 | -€85,937 | -9.5% |
| Financial debts | 43 | €51,768 | - | -€51,768 | |
| Credit institutions | 430/8 | €51,768 | - | -€51,768 | |
| Trade debts | 44 | €1,338 | €89,669 | +€88,331 | +6603.3% |
| Suppliers | 440/4 | €1,338 | €89,669 | +€88,331 | +6603.3% |
| Taxes, remuneration and social security | 45 | - | €29,664 | +€29,664 | |
| Taxes | 450/3 | - | €29,664 | +€29,664 | |
| Other amounts payable | 47/48 | €1,945,335 | €2,145,335 | +€200,000 | +10.3% |
| Accrued charges and deferred income | 492/3 | €179,742 | €169,341 | -€10,401 | -5.8% |
| Non-recurring operating income | 76A | €28,872 | - | -€28,872 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,352 | €219,782 | +€66,430 | +43.3% |
| Other operating charges | 640/8 | €23,837 | €25,289 | +€1,452 | +6.1% |
| Non-recurring operating charges | 66A | - | €310,000 | +€310,000 | |
| Gross operating margin | 9900 | €396,857 | €427,266 | +€30,409 | +7.7% |
| Operating profit (loss) | 9901 | €219,668 | -€127,805 | -€347,473 | |
| Financial income | 75/76B | €160,385 | €700,118 | +€539,733 | +336.5% |
| Recurring financial income | 75 | €160,385 | €700,118 | +€539,733 | +336.5% |
| Financial charges | 65/66B | €450,118 | €460,343 | +€10,225 | +2.3% |
| Recurring financial charges | 65 | €450,118 | €460,343 | +€10,225 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€70,065 | €111,969 | +€182,034 | |
| Income taxes | 67/77 | €664 | €650 | -€14 | -2.1% |
| Profit (loss) for the period | 9904 | -€70,729 | €111,319 | +€182,048 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,729 | €111,319 | +€182,048 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.