Ysabeau: 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.
Ysabeau
Largest movements
- Tangible fixed assets +€94,064
up €94,064 (+15.3%), from €616,788 to €710,852
of which Plant, machinery and equipment: +€85,596
- Stocks and contracts +€87,000
up €87,000 (+48.3%), from €180,000 to €267,000
- Cash -€65,582
down €65,582 (-89.7%), from €73,132 to €7,550
mainly Investment in fixed assets (net) (-€143,682) and Stocks and contracts (-€87,000)
- Receivables within one year -€17,721
down €17,721 (-80.8%), from €21,922 to €4,201
of which Trade receivables: -€8,861
- Other debts +€101,043
up €101,043 (+157%), from €64,207 to €165,250
- Financial income +€47,204
up €47,204 (+891%), from €5,299 to €52,503
- Depreciation +€44,285
up €44,285 (+382%), from €11,602 to €55,887
- Financial charges +€9,512
up €9,512 (+510%), from €1,866 to €11,378
- Other operating charges -€2,116
down €2,116 (-83.0%), from €2,548 to €432
- Gross operating margin -€489
down €489 (-3.1%), from €15,691 to €15,201
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 | €935,472 | €1,026,964 | +€91,492 | +9.8% |
| Formation expenses | 20 | €17,688 | €13,798 | -€3,890 | -22.0% |
| Fixed assets | 21/28 | €642,730 | €734,416 | +€91,685 | +14.3% |
| Intangible fixed assets | 21 | €25,693 | €22,314 | -€3,379 | -13.1% |
| Tangible fixed assets | 22/27 | €616,788 | €710,852 | +€94,064 | +15.3% |
| Land and buildings | 22 | €383,450 | €404,115 | +€20,665 | +5.4% |
| Plant, machinery and equipment | 23 | €142,769 | €228,365 | +€85,596 | +60.0% |
| Furniture and vehicles | 24 | €90,569 | €78,372 | -€12,197 | -13.5% |
| Financial fixed assets | 28 | €250 | €1,250 | +€1,000 | +400% |
| Current assets | 29/58 | €275,054 | €278,751 | +€3,697 | +1.3% |
| Stocks and contracts in progress | 3 | €180,000 | €267,000 | +€87,000 | +48.3% |
| Stocks | 30/36 | €180,000 | €267,000 | +€87,000 | +48.3% |
| Amounts receivable within one year | 40/41 | €21,922 | €4,201 | -€17,721 | -80.8% |
| Trade receivables | 40 | €8,861 | - | -€8,861 | |
| Other amounts receivable | 41 | €13,061 | €4,201 | -€8,860 | -67.8% |
| Cash at bank and in hand | 54/58 | €73,132 | €7,550 | -€65,582 | -89.7% |
| Total equity and liabilities | 10/49 | €935,472 | €1,026,964 | +€91,492 | +9.8% |
| Equity | 10/15 | €524,906 | €524,782 | -€124 | 0.0% |
| Contributions | 10/11 | €520,000 | €520,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,906 | €4,782 | -€124 | -2.5% |
| Amounts payable | 17/49 | €410,566 | €502,182 | +€91,616 | +22.3% |
| Amounts payable after more than one year | 17 | €285,000 | €290,269 | +€5,269 | +1.8% |
| Financial debts | 170/4 | €285,000 | €290,269 | +€5,269 | +1.8% |
| Amounts payable within one year | 42/48 | €124,980 | €210,982 | +€86,002 | +68.8% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €40,345 | -€9,655 | -19.3% |
| Trade debts | 44 | €10,705 | €5,256 | -€5,449 | -50.9% |
| Suppliers | 440/4 | €10,705 | €5,256 | -€5,449 | -50.9% |
| Taxes, remuneration and social security | 45 | €68 | €132 | +€64 | +94.5% |
| Taxes | 450/3 | €68 | €132 | +€64 | +94.5% |
| Other amounts payable | 47/48 | €64,207 | €165,250 | +€101,043 | +157% |
| Accrued charges and deferred income | 492/3 | €586 | €932 | +€345 | +58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,602 | €55,887 | +€44,285 | +382% |
| Other operating charges | 640/8 | €2,548 | €432 | -€2,116 | -83.0% |
| Gross operating margin | 9900 | €15,691 | €15,201 | -€489 | -3.1% |
| Operating profit (loss) | 9901 | €1,541 | -€41,118 | -€42,658 | |
| Financial income | 75/76B | €5,299 | €52,503 | +€47,204 | +891% |
| Recurring financial income | 75 | €5,299 | €52,503 | +€47,204 | +891% |
| Financial charges | 65/66B | €1,866 | €11,378 | +€9,512 | +510% |
| Recurring financial charges | 65 | €1,866 | €11,378 | +€9,512 | +510% |
| Profit (loss) for the period before taxes | 9903 | €4,974 | €8 | -€4,966 | -99.8% |
| Income taxes | 67/77 | €68 | €132 | +€64 | +94.5% |
| Profit (loss) for the period | 9904 | €4,906 | -€124 | -€5,031 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,906 | -€124 | -€5,031 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.