YSA: 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.
YSA
Largest movements
- Intangible fixed assets -€17,000
down €17,000 (-15.2%), from €111,940 to €94,940
- Tangible fixed assets +€14,006
up €14,006 (+184.9%), from €7,576 to €21,582
of which Other tangible fixed assets: +€14,175
- Receivables within one year +€10,905
up €10,905 (+155.8%), from €6,999 to €17,903
of which Other amounts receivable: +€7,547
- Cash +€7,571
up €7,571 (+57.5%), from €13,177 to €20,748
mainly Depreciation (+€19,915) and Trade debts (+€13,514)
- Current portion of long-term debt -€16,981
down €16,981 (-55.3%), from €30,683 to €13,702
- Trade debts +€13,514
up €13,514 (+24.4%), from €55,305 to €68,819
- Reserves +€13,000
up €13,000 (+44.8%), from €29,000 to €42,000
- Short-term financial debts +€8,312
up €8,312 (+231.0%), from €3,598 to €11,911
of which Other loans: +€5,641
- Tax, wage and social debts -€1,865
down €1,865 (-8.5%), from €21,849 to €19,985
of which Taxes: -€4,610
- Gross operating margin +€22,611
up €22,611 (+12.9%), from €175,928 to €198,539
- Staff costs +€13,584
up €13,584 (+11.2%), from €120,980 to €134,565
- Financial charges +€12,936
up €12,936 (+142.3%), from €9,089 to €22,025
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,482 | €160,341 | +€15,859 | +11.0% |
| Fixed assets | 21/28 | €119,516 | €116,522 | -€2,994 | -2.5% |
| Intangible fixed assets | 21 | €111,940 | €94,940 | -€17,000 | -15.2% |
| Tangible fixed assets | 22/27 | €7,576 | €21,582 | +€14,006 | +184.9% |
| Plant, machinery and equipment | 23 | €7,576 | €5,204 | -€2,372 | -31.3% |
| Furniture and vehicles | 24 | €0 | €2,204 | +€2,204 | |
| Other tangible fixed assets | 26 | - | €14,175 | +€14,175 | |
| Current assets | 29/58 | €24,966 | €43,819 | +€18,853 | +75.5% |
| Stocks and contracts in progress | 3 | €3,718 | €4,048 | +€330 | +8.9% |
| Stocks | 30/36 | €3,718 | €4,048 | +€330 | +8.9% |
| Amounts receivable within one year | 40/41 | €6,999 | €17,903 | +€10,905 | +155.8% |
| Trade receivables | 40 | €2,834 | €6,192 | +€3,358 | +118.5% |
| Other amounts receivable | 41 | €4,164 | €11,711 | +€7,547 | +181.2% |
| Current investments | 50/53 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €13,177 | €20,748 | +€7,571 | +57.5% |
| Deferred charges and accrued income | 490/1 | €1,072 | €1,120 | +€48 | +4.5% |
| Total equity and liabilities | 10/49 | €144,482 | €160,341 | +€15,859 | +11.0% |
| Equity | 10/15 | €33,046 | €45,917 | +€12,871 | +38.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €29,000 | €42,000 | +€13,000 | +44.8% |
| Distributable reserves | 133 | €29,000 | €42,000 | +€13,000 | +44.8% |
| Profit (loss) carried forward | 14 | €546 | €417 | -€129 | -23.6% |
| Amounts payable | 17/49 | €111,436 | €114,424 | +€2,988 | +2.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €111,436 | €114,416 | +€2,980 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €30,683 | €13,702 | -€16,981 | -55.3% |
| Financial debts | 43 | €3,598 | €11,911 | +€8,312 | +231.0% |
| Credit institutions | 430/8 | - | €2,671 | +€2,671 | |
| Other loans | 439 | €3,598 | €9,240 | +€5,641 | +156.8% |
| Trade debts | 44 | €55,305 | €68,819 | +€13,514 | +24.4% |
| Suppliers | 440/4 | €55,305 | €68,819 | +€13,514 | +24.4% |
| Taxes, remuneration and social security | 45 | €21,849 | €19,985 | -€1,865 | -8.5% |
| Taxes | 450/3 | €9,670 | €5,059 | -€4,610 | -47.7% |
| Remuneration and social security | 454/9 | €12,180 | €14,925 | +€2,746 | +22.5% |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Remuneration, social security and pensions | 62 | €120,980 | €134,565 | +€13,584 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,284 | €19,915 | +€631 | +3.3% |
| Other operating charges | 640/8 | €2,536 | €2,935 | +€398 | +15.7% |
| Non-recurring operating charges | 66A | €706 | €1,099 | +€393 | +55.7% |
| Gross operating margin | 9900 | €175,928 | €198,539 | +€22,611 | +12.9% |
| Operating profit (loss) | 9901 | €32,421 | €40,025 | +€7,604 | +23.5% |
| Financial income | 75/76B | €2 | €3 | +€1 | +36.7% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +36.7% |
| Financial charges | 65/66B | €9,089 | €22,025 | +€12,936 | +142.3% |
| Recurring financial charges | 65 | €9,089 | €22,025 | +€12,936 | +142.3% |
| Profit (loss) for the period before taxes | 9903 | €23,334 | €18,002 | -€5,331 | -22.8% |
| Income taxes | 67/77 | €6,940 | €5,132 | -€1,808 | -26.1% |
| Profit (loss) for the period | 9904 | €16,394 | €12,871 | -€3,523 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,394 | €12,871 | -€3,523 | -21.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.