YSCO: 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
YSCO
NACE 10.520, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€31.7m
2024 · €27.3m+€4.5m
Equity
€105.9m
2024 · €65.5m+€40.4m
Cash
€16.9m
2024 · €1.4m+€15.5m
Balance sheet total
€153.9m
2024 · €120.1m+€33.8m
Largest movements
Assets
- Stocks and contracts +€19.9m
up €19.9m (+45.1%), from €44.2m to €64.1m
- Cash +€15.5m
up €15.5m (+1127.4%), from €1.4m to €16.9m
mainly Net result for the year (+€31.7m) and Short-term financial debts (+€14.1m)
- Receivables within one year -€6.2m
down €6.2m (-12.0%), from €52.1m to €45.8m
of which Trade receivables: -€19.6m
- Tangible fixed assets +€3.6m
up €3.6m (+18.7%), from €19.4m to €23.1m
Equity and liabilities
- Profit (loss) carried forward +€30.9m
up €30.9m (+73.1%), from €42.3m to €73.2m
- Other debts -€17.3m
down €17.3m (-100.0%), from €17.3m to €1,697
- Short-term financial debts +€14.1m
new in 2025: €14.1m
- Contributions +€8.4m
up €8.4m (+39.6%), from €21.1m to €29.5m
- Trade debts -€5.3m
down €5.3m (-17.0%), from €31.3m to €26.0m
Income statement
- Turnover +€55.0m
up €55.0m (+13.1%), from €420.9m to €475.9m
- Goods and materials +€54.7m
up €54.7m (+19.4%), from €282.6m to €337.3m
of which Purchases: +€56.8m
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
€27.3m
Turnover
+€55.0m
Other operating income
+€200,719
Goods and materials
-€54.7m
Services and other goods
-€3.2m
Staff costs
-€3.2m
Depreciation
-€1.4m
Write-downs
+€100,014
Provisions
-€120,804
Other operating charges
-€221,330
Other operating items
+€15.3m
Financial income
+€474,830
Financial charges
-€1.2m
Taxes
-€2.5m
Result 2025
€31.7m
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
+€1.8m
Investment
-€9.0m
Financing
+€22.7m
Cash 2024
€1.4m
From operations (derived)
+€1.8m
Net result for the year
+€31.7m
Depreciation
+€4.8m
Stocks and contracts
-€19.9m
Receivables within one year
+€6.2m
Deferred charges and accrued income
-€355,434
Provisions
+€98,435
Trade debts
-€5.3m
Tax, wage and social debts
+€1.6m
Other debts
-€17.3m
Accrued charges and deferred income
+€143,197
Investment (derived)
-€9.0m
Investment in fixed assets (net)
-€9.0m
Financing
+€22.7m
Short-term financial debts
+€14.1m
Contributions, distributions and other
+€8.6m
Cash 2025
€16.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,089,284 | €153,859,943 | +€33.8m | +28.1% |
| Fixed assets | 21/28 | €22,340,915 | €26,570,125 | +€4.2m | +18.9% |
| Intangible fixed assets | 21 | €396,351 | €984,128 | +€587,777 | +148.3% |
| Tangible fixed assets | 22/27 | €19,444,564 | €23,085,997 | +€3.6m | +18.7% |
| Land and buildings | 22 | €7,289,964 | €8,522,064 | +€1.2m | +16.9% |
| Plant, machinery and equipment | 23 | €12,154,601 | €13,400,514 | +€1.2m | +10.3% |
| Furniture and vehicles | 24 | - | €80,607 | +€80,607 | |
| Assets under construction and advance payments | 27 | - | €1,082,812 | +€1.1m | |
| Financial fixed assets | 28 | €2,500,000 | €2,500,000 | = | 0.0% |
| Affiliated companies | 280/1 | €2,500,000 | €2,500,000 | = | 0.0% |
| Participating interests | 280 | €2,500,000 | €2,500,000 | = | 0.0% |
| Current assets | 29/58 | €97,748,369 | €127,289,818 | +€29.5m | +30.2% |
| Stocks and contracts in progress | 3 | €44,187,720 | €64,114,304 | +€19.9m | +45.1% |
| Stocks | 30/36 | €44,187,720 | €64,114,304 | +€19.9m | +45.1% |
| Raw materials and consumables | 30/31 | €7,071,369 | €8,610,505 | +€1.5m | +21.8% |
| Finished goods | 33 | €37,116,350 | €55,503,799 | +€18.4m | +49.5% |
| Amounts receivable within one year | 40/41 | €52,075,924 | €45,849,017 | -€6.2m | -12.0% |
| Trade receivables | 40 | €21,918,093 | €2,288,510 | -€19.6m | -89.6% |
| Other amounts receivable | 41 | €30,157,831 | €43,560,507 | +€13.4m | +44.4% |
| Cash at bank and in hand | 54/58 | €1,373,611 | €16,859,949 | +€15.5m | +1127.4% |
| Deferred charges and accrued income | 490/1 | €111,114 | €466,548 | +€355,434 | +319.9% |
| Total equity and liabilities | 10/49 | €120,089,284 | €153,859,943 | +€33.8m | +28.1% |
| Equity | 10/15 | €65,499,367 | €105,872,728 | +€40.4m | +61.6% |
| Contributions | 10/11 | €21,132,950 | €29,502,276 | +€8.4m | +39.6% |
| Capital | 10 | €21,132,950 | €29,502,276 | +€8.4m | +39.6% |
| Issued capital | 100 | €21,132,950 | €29,502,276 | +€8.4m | +39.6% |
| Revaluation surpluses | 12 | - | €251,042 | +€251,042 | |
| Reserves | 13 | €2,113,295 | €2,958,185 | +€844,890 | +40.0% |
| Non-distributable reserves | 130/1 | €2,113,295 | €2,950,228 | +€836,933 | +39.6% |
| Legal reserve | 130 | €2,113,295 | €2,950,228 | +€836,933 | +39.6% |
| Distributable reserves | 133 | - | €7,957 | +€7,957 | |
| Profit (loss) carried forward | 14 | €42,253,122 | €73,161,225 | +€30.9m | +73.1% |
| Provisions and deferred taxes | 16 | €24,680 | €123,115 | +€98,435 | +398.8% |
| Provisions for liabilities and charges | 160/5 | €24,680 | €123,115 | +€98,435 | +398.8% |
| Pensions and similar obligations | 160 | €24,680 | €16,917 | -€7,763 | -31.5% |
| Other liabilities and charges | 164/5 | - | €106,198 | +€106,198 | |
| Amounts payable | 17/49 | €54,565,237 | €47,864,100 | -€6.7m | -12.3% |
| Amounts payable within one year | 42/48 | €54,027,795 | €47,183,461 | -€6.8m | -12.7% |
| Financial debts | 43 | - | €14,100,430 | +€14.1m | |
| Other loans | 439 | - | €14,100,430 | +€14.1m | |
| Trade debts | 44 | €31,312,763 | €25,999,268 | -€5.3m | -17.0% |
| Suppliers | 440/4 | €31,312,763 | €25,999,268 | -€5.3m | -17.0% |
| Taxes, remuneration and social security | 45 | €5,455,003 | €7,082,066 | +€1.6m | +29.8% |
| Taxes | 450/3 | €902,378 | €1,380,752 | +€478,374 | +53.0% |
| Remuneration and social security | 454/9 | €4,552,624 | €5,701,314 | +€1.1m | +25.2% |
| Other amounts payable | 47/48 | €17,260,029 | €1,697 | -€17.3m | -100.0% |
| Accrued charges and deferred income | 492/3 | €537,442 | €680,639 | +€143,197 | +26.6% |
| Operating income | 70/76A | €426,851,964 | €496,877,477 | +€70.0m | +16.4% |
| Turnover | 70 | €420,899,556 | €475,879,643 | +€55.0m | +13.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €3,187,056 | €18,387,449 | +€15.2m | +476.9% |
| Other operating income | 74 | €2,239,519 | €2,440,238 | +€200,719 | +9.0% |
| Non-recurring operating income | 76A | €525,834 | €170,147 | -€355,687 | -67.6% |
| Operating charges | 60/66A | €388,450,064 | €450,741,340 | +€62.3m | +16.0% |
| Goods for resale, raw materials and consumables | 60 | €282,576,136 | €337,297,055 | +€54.7m | +19.4% |
| Purchases | 600/8 | €282,081,889 | €338,836,191 | +€56.8m | +20.1% |
| Change in stocks: decrease (increase) | 609 | €494,247 | -€1,539,136 | -€2.0m | |
| Services and other goods | 61 | €65,347,279 | €68,549,177 | +€3.2m | +4.9% |
| Remuneration, social security and pensions | 62 | €36,319,483 | €39,513,513 | +€3.2m | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,413,425 | €4,803,583 | +€1.4m | +40.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €85,223 | -€14,791 | -€100,014 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€22,370 | €98,434 | +€120,804 | |
| Other operating charges | 640/8 | €273,039 | €494,369 | +€221,330 | +81.1% |
| Non-recurring operating charges | 66A | €457,848 | - | -€457,848 | |
| Operating profit (loss) | 9901 | €38,401,901 | €46,136,137 | +€7.7m | +20.1% |
| Financial income | 75/76B | €24,985 | €499,815 | +€474,830 | +1900.4% |
| Recurring financial income | 75 | €24,985 | €499,815 | +€474,830 | +1900.4% |
| Income from current assets | 751 | €55 | €361,483 | +€361,428 | +657022.3% |
| Other financial income | 752/9 | €24,930 | €138,332 | +€113,402 | +454.9% |
| Financial charges | 65/66B | €2,619,496 | €3,832,186 | +€1.2m | +46.3% |
| Recurring financial charges | 65 | €2,619,496 | €3,832,186 | +€1.2m | +46.3% |
| Debt charges | 650 | €1,571,973 | €2,766,672 | +€1.2m | +76.0% |
| Other financial charges | 652/9 | €1,047,523 | €1,065,514 | +€17,991 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €35,807,390 | €42,803,766 | +€7.0m | +19.5% |
| Income taxes | 67/77 | €8,551,248 | €11,058,731 | +€2.5m | +29.3% |
| Taxes | 670/3 | €8,800,000 | €11,166,857 | +€2.4m | +26.9% |
| Tax adjustments and reversals of tax provisions | 77 | €248,752 | €108,126 | -€140,626 | -56.5% |
| Profit (loss) for the period | 9904 | €27,256,142 | €31,745,035 | +€4.5m | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,256,142 | €31,745,035 | +€4.5m | +16.5% |
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 4 October 2026 via checked.be.