YSEBOOT: 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.
YSEBOOT
Largest movements
- Cash +€19,945
up €19,945 (+167.5%), from €11,907 to €31,851
mainly Depreciation (+€53,201) and Net result for the year (+€47,171)
- Tangible fixed assets -€11,146
down €11,146 (-1.1%), from €970,097 to €958,951
of which Land and buildings: -€20,109
- Reserves +€47,171
up €47,171 (+28.7%), from €164,584 to €211,755
- Debts after one year -€39,368
down €39,368 (-5.9%), from €672,490 to €633,122
- Current portion of long-term debt +€10,600
up €10,600 (+17.1%), from €61,876 to €72,476
- Gross operating margin +€77,367
up €77,367 (+118.2%), from €65,480 to €142,847
- Taxes +€16,592
up €16,592 (+1110.7%), from €1,494 to €18,086
- Depreciation +€7,436
up €7,436 (+16.2%), from €45,765 to €53,201
- Other operating charges +€4,797
up €4,797 (+192.1%), from €2,497 to €7,294
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 | €1,013,478 | €1,025,769 | +€12,291 | +1.2% |
| Fixed assets | 21/28 | €970,097 | €958,951 | -€11,146 | -1.1% |
| Tangible fixed assets | 22/27 | €970,097 | €958,951 | -€11,146 | -1.1% |
| Land and buildings | 22 | €895,629 | €875,520 | -€20,109 | -2.2% |
| Plant, machinery and equipment | 23 | €53,564 | €39,616 | -€13,949 | -26.0% |
| Furniture and vehicles | 24 | €20,904 | €11,958 | -€8,946 | -42.8% |
| Leasing and similar rights | 25 | - | €31,858 | +€31,858 | |
| Current assets | 29/58 | €43,381 | €66,817 | +€23,436 | +54.0% |
| Stocks and contracts in progress | 3 | €1,100 | €665 | -€435 | -39.5% |
| Stocks | 30/36 | €1,100 | €665 | -€435 | -39.5% |
| Amounts receivable within one year | 40/41 | €29,478 | €33,902 | +€4,424 | +15.0% |
| Trade receivables | 40 | €26,039 | €32,422 | +€6,383 | +24.5% |
| Other amounts receivable | 41 | €3,439 | €1,480 | -€1,960 | -57.0% |
| Cash at bank and in hand | 54/58 | €11,907 | €31,851 | +€19,945 | +167.5% |
| Deferred charges and accrued income | 490/1 | €896 | €399 | -€497 | -55.5% |
| Total equity and liabilities | 10/49 | €1,013,478 | €1,025,769 | +€12,291 | +1.2% |
| Equity | 10/15 | €179,584 | €226,755 | +€47,171 | +26.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €164,584 | €211,755 | +€47,171 | +28.7% |
| Distributable reserves | 133 | €164,584 | €211,755 | +€47,171 | +28.7% |
| Amounts payable | 17/49 | €833,894 | €799,014 | -€34,880 | -4.2% |
| Amounts payable after more than one year | 17 | €672,490 | €633,122 | -€39,368 | -5.9% |
| Financial debts | 170/4 | €672,490 | €633,122 | -€39,368 | -5.9% |
| Amounts payable within one year | 42/48 | €161,405 | €165,892 | +€4,488 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €61,876 | €72,476 | +€10,600 | +17.1% |
| Trade debts | 44 | €3,466 | €2,897 | -€569 | -16.4% |
| Suppliers | 440/4 | €3,466 | €2,897 | -€569 | -16.4% |
| Taxes, remuneration and social security | 45 | €1,204 | €5,579 | +€4,376 | +363.5% |
| Taxes | 450/3 | €1,204 | €5,579 | +€4,376 | +363.5% |
| Other amounts payable | 47/48 | €94,859 | €84,940 | -€9,919 | -10.5% |
| Remuneration, social security and pensions | 62 | -€136 | €989 | +€1,125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,765 | €53,201 | +€7,436 | +16.2% |
| Other operating charges | 640/8 | €2,497 | €7,294 | +€4,797 | +192.1% |
| Gross operating margin | 9900 | €65,480 | €142,847 | +€77,367 | +118.2% |
| Operating profit (loss) | 9901 | €17,353 | €81,363 | +€64,009 | +368.9% |
| Financial income | 75/76B | €12 | €8 | -€4 | -31.0% |
| Recurring financial income | 75 | €12 | €8 | -€4 | -31.0% |
| Financial charges | 65/66B | €15,465 | €16,114 | +€650 | +4.2% |
| Recurring financial charges | 65 | €15,465 | €15,532 | +€68 | +0.4% |
| Non-recurring financial charges | 66B | - | €582 | +€582 | |
| Profit (loss) for the period before taxes | 9903 | €1,900 | €65,256 | +€63,356 | +3334.3% |
| Income taxes | 67/77 | €1,494 | €18,086 | +€16,592 | +1110.7% |
| Profit (loss) for the period | 9904 | €406 | €47,171 | +€46,765 | +11511.3% |
| Profit (loss) for the period to be appropriated | 9905 | €406 | €47,171 | +€46,765 | +11511.3% |
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 5 October 2026 via checked.be.