YSE: 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.
YSE
Largest movements
- Tangible fixed assets +€20,083
up €20,083 (+71.3%), from €28,166 to €48,249
of which Furniture and vehicles: +€11,371
- Receivables within one year +€13,419
up €13,419 (+33.3%), from €40,270 to €53,689
of which Trade receivables: +€37,616
- Cash -€5,189
down €5,189 (-99.7%), from €5,205 to €16
mainly Investment in fixed assets (net) (-€39,661) and Receivables within one year (-€13,419)
- Trade debts +€15,625
up €15,625 (+99.2%), from €15,749 to €31,375
- Profit (loss) carried forward +€6,859
up €6,859 (+31.0%), from €22,097 to €28,956
- Current portion of long-term debt +€5,001
up €5,001 (+52.3%), from €9,571 to €14,573
- Debts after one year +€2,885
up €2,885 (+20.2%), from €14,267 to €17,152
- Tax, wage and social debts -€2,058
down €2,058 (-20.7%), from €9,956 to €7,898
- Gross operating margin +€15,447
up €15,447 (+73.5%), from €21,016 to €36,462
- Depreciation +€10,081
up €10,081 (+106.1%), from €9,498 to €19,579
- Other operating charges +€1,750
up €1,750 (+120.9%), from €1,448 to €3,199
- Taxes +€873
up €873 (+42.0%), from €2,079 to €2,952
- Financial charges +€744
up €744 (+23.8%), from €3,129 to €3,874
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 | €73,641 | €101,954 | +€28,313 | +38.4% |
| Fixed assets | 21/28 | €28,166 | €48,249 | +€20,083 | +71.3% |
| Tangible fixed assets | 22/27 | €28,166 | €48,249 | +€20,083 | +71.3% |
| Furniture and vehicles | 24 | €11,780 | €23,151 | +€11,371 | +96.5% |
| Leasing and similar rights | 25 | €16,386 | €25,098 | +€8,712 | +53.2% |
| Current assets | 29/58 | €45,474 | €53,705 | +€8,231 | +18.1% |
| Amounts receivable within one year | 40/41 | €40,270 | €53,689 | +€13,419 | +33.3% |
| Trade receivables | 40 | €11,001 | €48,617 | +€37,616 | +341.9% |
| Other amounts receivable | 41 | €29,269 | €5,072 | -€24,197 | -82.7% |
| Cash at bank and in hand | 54/58 | €5,205 | €16 | -€5,189 | -99.7% |
| Total equity and liabilities | 10/49 | €73,641 | €101,954 | +€28,313 | +38.4% |
| Equity | 10/15 | €24,097 | €30,956 | +€6,859 | +28.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,097 | €28,956 | +€6,859 | +31.0% |
| Amounts payable | 17/49 | €49,543 | €70,998 | +€21,454 | +43.3% |
| Amounts payable after more than one year | 17 | €14,267 | €17,152 | +€2,885 | +20.2% |
| Financial debts | 170/4 | €14,267 | €17,152 | +€2,885 | +20.2% |
| Amounts payable within one year | 42/48 | €35,276 | €53,846 | +€18,569 | +52.6% |
| Current portion of amounts payable after more than one year | 42 | €9,571 | €14,573 | +€5,001 | +52.3% |
| Trade debts | 44 | €15,749 | €31,375 | +€15,625 | +99.2% |
| Suppliers | 440/4 | €15,749 | €31,375 | +€15,625 | +99.2% |
| Taxes, remuneration and social security | 45 | €9,956 | €7,898 | -€2,058 | -20.7% |
| Taxes | 450/3 | €9,956 | €7,898 | -€2,058 | -20.7% |
| Remuneration, social security and pensions | 62 | €168 | - | -€168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,498 | €19,579 | +€10,081 | +106.1% |
| Other operating charges | 640/8 | €1,448 | €3,199 | +€1,750 | +120.9% |
| Gross operating margin | 9900 | €21,016 | €36,462 | +€15,447 | +73.5% |
| Operating profit (loss) | 9901 | €9,901 | €13,685 | +€3,783 | +38.2% |
| Financial charges | 65/66B | €3,129 | €3,874 | +€744 | +23.8% |
| Recurring financial charges | 65 | €3,129 | €3,874 | +€744 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €6,772 | €9,811 | +€3,039 | +44.9% |
| Income taxes | 67/77 | €2,079 | €2,952 | +€873 | +42.0% |
| Profit (loss) for the period | 9904 | €4,693 | €6,859 | +€2,166 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,693 | €6,859 | +€2,166 | +46.2% |
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 30 September 2026 via checked.be.