YS Projects: 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.
YS Projects
Largest movements
- Receivables within one year +€77,522
up €77,522 (+228.5%), from €33,923 to €111,445
of which Other amounts receivable: +€76,510
- Tangible fixed assets +€21,098
new in 2025: €21,098
of which Other tangible fixed assets: +€19,569
- Current investments -€16,104
down €16,104 (-51.8%), from €31,104 to €15,000
- Intangible fixed assets -€9,600
down €9,600 (-14.3%), from €67,200 to €57,600
- Other debts +€49,583
up €49,583 (+73.6%), from €67,360 to €116,944
- Profit (loss) carried forward -€49,145
no longer reported in 2025 (was €49,145)
- Debts after one year +€28,458
new in 2025: €28,458
- Tax, wage and social debts +€13,666
up €13,666 (+569.3%), from €2,400 to €16,066
- Trade debts +€12,924
up €12,924 (+1984.8%), from €651 to €13,575
- Gross operating margin +€81,418
up €81,418 (+104.6%), from €77,824 to €159,242
- Taxes +€19,953
up €19,953 (+108.4%), from €18,408 to €38,361
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 | €138,157 | €212,512 | +€74,356 | +53.8% |
| Fixed assets | 21/28 | €67,200 | €78,698 | +€11,498 | +17.1% |
| Intangible fixed assets | 21 | €67,200 | €57,600 | -€9,600 | -14.3% |
| Tangible fixed assets | 22/27 | - | €21,098 | +€21,098 | |
| Furniture and vehicles | 24 | - | €1,529 | +€1,529 | |
| Other tangible fixed assets | 26 | - | €19,569 | +€19,569 | |
| Current assets | 29/58 | €70,957 | €133,814 | +€62,858 | +88.6% |
| Amounts receivable within one year | 40/41 | €33,923 | €111,445 | +€77,522 | +228.5% |
| Trade receivables | 40 | €1,623 | €2,635 | +€1,012 | +62.4% |
| Other amounts receivable | 41 | €32,300 | €108,810 | +€76,510 | +236.9% |
| Current investments | 50/53 | €31,104 | €15,000 | -€16,104 | -51.8% |
| Cash at bank and in hand | 54/58 | €4,736 | €6,022 | +€1,287 | +27.2% |
| Deferred charges and accrued income | 490/1 | €1,195 | €1,347 | +€152 | +12.8% |
| Total equity and liabilities | 10/49 | €138,157 | €212,512 | +€74,356 | +53.8% |
| Equity | 10/15 | €67,745 | €18,600 | -€49,145 | -72.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,145 | - | -€49,145 | |
| Amounts payable | 17/49 | €70,412 | €193,912 | +€123,501 | +175.4% |
| Amounts payable after more than one year | 17 | - | €28,458 | +€28,458 | |
| Financial debts | 170/4 | - | €28,458 | +€28,458 | |
| Amounts payable within one year | 42/48 | €70,412 | €165,455 | +€95,043 | +135.0% |
| Current portion of amounts payable after more than one year | 42 | - | €10,796 | +€10,796 | |
| Financial debts | 43 | - | €8,074 | +€8,074 | |
| Credit institutions | 430/8 | - | €8,074 | +€8,074 | |
| Trade debts | 44 | €651 | €13,575 | +€12,924 | +1984.8% |
| Suppliers | 440/4 | €651 | €13,575 | +€12,924 | +1984.8% |
| Taxes, remuneration and social security | 45 | €2,400 | €16,066 | +€13,666 | +569.3% |
| Taxes | 450/3 | €2,400 | €16,066 | +€13,666 | +569.3% |
| Other amounts payable | 47/48 | €67,360 | €116,944 | +€49,583 | +73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,600 | €9,864 | +€264 | +2.8% |
| Other operating charges | 640/8 | €772 | €592 | -€181 | -23.4% |
| Gross operating margin | 9900 | €77,824 | €159,242 | +€81,418 | +104.6% |
| Operating profit (loss) | 9901 | €67,452 | €148,786 | +€81,334 | +120.6% |
| Financial income | 75/76B | €196 | €184 | -€12 | -5.9% |
| Recurring financial income | 75 | €196 | €184 | -€12 | -5.9% |
| Financial charges | 65/66B | €95 | €1,037 | +€942 | +990.9% |
| Recurring financial charges | 65 | €95 | €1,037 | +€942 | +990.9% |
| Profit (loss) for the period before taxes | 9903 | €67,553 | €147,933 | +€80,380 | +119.0% |
| Income taxes | 67/77 | €18,408 | €38,361 | +€19,953 | +108.4% |
| Profit (loss) for the period | 9904 | €49,145 | €109,572 | +€60,427 | +123.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,145 | €109,572 | +€60,427 | +123.0% |
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 7 October 2026 via checked.be.