YSER HOLDING: 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.
YSER HOLDING
Largest movements
- Receivables within one year +€212,347
up €212,347 (+2063.9%), from €10,289 to €222,636
of which Trade receivables: +€110,711
- Cash -€80,193
down €80,193 (-58.7%), from €136,615 to €56,421
mainly Receivables within one year (-€212,347) and Debts after one year (-€6,723)
- Reserves +€117,070
up €117,070 (+102.8%), from €113,905 to €230,975
- Current portion of long-term debt +€13,411
up €13,411 (+19.0%), from €70,589 to €83,999
- Trade debts +€12,088
up €12,088 (+30.0%), from €40,337 to €52,424
- Gross operating margin +€5,696
up €5,696 (+3.3%), from €172,621 to €178,317
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 | €852,793 | €988,016 | +€135,223 | +15.9% |
| Fixed assets | 21/28 | €705,890 | €705,890 | = | 0.0% |
| Financial fixed assets | 28 | €705,890 | €705,890 | = | 0.0% |
| Current assets | 29/58 | €146,903 | €282,126 | +€135,223 | +92.0% |
| Amounts receivable within one year | 40/41 | €10,289 | €222,636 | +€212,347 | +2063.9% |
| Trade receivables | 40 | €10,289 | €121,000 | +€110,711 | +1076.1% |
| Other amounts receivable | 41 | - | €101,636 | +€101,636 | |
| Cash at bank and in hand | 54/58 | €136,615 | €56,421 | -€80,193 | -58.7% |
| Deferred charges and accrued income | 490/1 | - | €3,070 | +€3,070 | |
| Total equity and liabilities | 10/49 | €852,793 | €988,016 | +€135,223 | +15.9% |
| Equity | 10/15 | €113,905 | €230,975 | +€117,070 | +102.8% |
| Reserves | 13 | €113,905 | €230,975 | +€117,070 | +102.8% |
| Distributable reserves | 133 | €113,905 | €230,975 | +€117,070 | +102.8% |
| Amounts payable | 17/49 | €738,888 | €757,041 | +€18,153 | +2.5% |
| Amounts payable after more than one year | 17 | €584,538 | €577,815 | -€6,723 | -1.2% |
| Financial debts | 170/4 | €584,538 | €577,815 | -€6,723 | -1.2% |
| Amounts payable within one year | 42/48 | €154,350 | €179,226 | +€24,876 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €70,589 | €83,999 | +€13,411 | +19.0% |
| Trade debts | 44 | €40,337 | €52,424 | +€12,088 | +30.0% |
| Suppliers | 440/4 | €40,337 | €52,424 | +€12,088 | +30.0% |
| Taxes, remuneration and social security | 45 | €43,425 | €42,802 | -€623 | -1.4% |
| Taxes | 450/3 | €43,425 | €42,802 | -€623 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €784 | €0 | -€784 | -100.0% |
| Other operating charges | 640/8 | - | €267 | +€267 | |
| Gross operating margin | 9900 | €172,621 | €178,317 | +€5,696 | +3.3% |
| Operating profit (loss) | 9901 | €171,837 | €178,050 | +€6,213 | +3.6% |
| Financial income | 75/76B | €302 | €0 | -€302 | -100.0% |
| Recurring financial income | 75 | €302 | €0 | -€302 | -100.0% |
| Financial charges | 65/66B | €26,932 | €28,595 | +€1,663 | +6.2% |
| Recurring financial charges | 65 | €26,932 | €28,595 | +€1,663 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €145,207 | €149,455 | +€4,249 | +2.9% |
| Income taxes | 67/77 | €31,302 | €32,385 | +€1,083 | +3.5% |
| Profit (loss) for the period | 9904 | €113,905 | €117,070 | +€3,165 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €113,905 | €117,070 | +€3,165 | +2.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.