YSF GROUP: 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.
YSF GROUP
Largest movements
- Tangible fixed assets -€126,481
down €126,481 (-77.2%), from €163,835 to €37,354
of which Furniture and vehicles: -€125,406
- Cash -€20,013
no longer reported in 2025 (was €20,013)
mainly Net result for the year (-€98,122) and Debts after one year (-€43,850)
- Receivables within one year -€13,068
down €13,068 (-63.0%), from €20,728 to €7,660
of which Trade receivables: -€14,883
- Profit (loss) carried forward -€98,122
down €98,122, from €33,086 to -€65,036
- Debts after one year -€43,850
down €43,850 (-51.7%), from €84,833 to €40,983
- Current portion of long-term debt -€17,991
down €17,991 (-41.9%), from €42,910 to €24,919
- Tax, wage and social debts -€12,249
down €12,249 (-50.5%), from €24,245 to €11,997
of which Taxes: -€13,958
- Other debts +€10,145
new in 2025: €10,145
- Gross operating margin -€119,438
down €119,438, from €105,723 to -€13,715
- Staff costs +€20,578
up €20,578 (+178.3%), from €11,539 to €32,118
- Taxes -€9,895
down €9,895 (-96.9%), from €10,213 to €318
- Depreciation -€4,474
down €4,474 (-9.9%), from €45,206 to €40,732
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 | €206,263 | €45,284 | -€160,979 | -78.0% |
| Fixed assets | 21/28 | €164,105 | €37,624 | -€126,481 | -77.1% |
| Tangible fixed assets | 22/27 | €163,835 | €37,354 | -€126,481 | -77.2% |
| Plant, machinery and equipment | 23 | €1,374 | €299 | -€1,075 | -78.2% |
| Furniture and vehicles | 24 | €162,461 | €37,055 | -€125,406 | -77.2% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €42,158 | €7,660 | -€34,498 | -81.8% |
| Amounts receivable within one year | 40/41 | €20,728 | €7,660 | -€13,068 | -63.0% |
| Trade receivables | 40 | €14,883 | - | -€14,883 | |
| Other amounts receivable | 41 | €5,845 | €7,660 | +€1,815 | +31.1% |
| Cash at bank and in hand | 54/58 | €20,013 | - | -€20,013 | |
| Deferred charges and accrued income | 490/1 | €1,417 | - | -€1,417 | |
| Total equity and liabilities | 10/49 | €206,263 | €45,284 | -€160,979 | -78.0% |
| Equity | 10/15 | €51,686 | -€46,436 | -€98,122 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,086 | -€65,036 | -€98,122 | |
| Amounts payable | 17/49 | €154,577 | €91,720 | -€62,857 | -40.7% |
| Amounts payable after more than one year | 17 | €84,833 | €40,983 | -€43,850 | -51.7% |
| Financial debts | 170/4 | €84,833 | €40,983 | -€43,850 | -51.7% |
| Amounts payable within one year | 42/48 | €69,486 | €50,737 | -€18,749 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €42,910 | €24,919 | -€17,991 | -41.9% |
| Financial debts | 43 | - | €849 | +€849 | |
| Credit institutions | 430/8 | - | €849 | +€849 | |
| Trade debts | 44 | €2,330 | €2,827 | +€497 | +21.3% |
| Suppliers | 440/4 | €2,330 | €2,827 | +€497 | +21.3% |
| Taxes, remuneration and social security | 45 | €24,245 | €11,997 | -€12,249 | -50.5% |
| Taxes | 450/3 | €21,635 | €7,677 | -€13,958 | -64.5% |
| Remuneration and social security | 454/9 | €2,610 | €4,319 | +€1,709 | +65.5% |
| Other amounts payable | 47/48 | - | €10,145 | +€10,145 | |
| Accrued charges and deferred income | 492/3 | €258 | - | -€258 | |
| Non-recurring operating income | 76A | - | €16,560 | +€16,560 | |
| Remuneration, social security and pensions | 62 | €11,539 | €32,118 | +€20,578 | +178.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,206 | €40,732 | -€4,474 | -9.9% |
| Other operating charges | 640/8 | €2,178 | €2,588 | +€410 | +18.8% |
| Gross operating margin | 9900 | €105,723 | -€13,715 | -€119,438 | |
| Operating profit (loss) | 9901 | €46,800 | -€89,152 | -€135,952 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €9,067 | €8,651 | -€416 | -4.6% |
| Recurring financial charges | 65 | €9,067 | €8,651 | -€416 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €37,735 | -€97,804 | -€135,538 | |
| Income taxes | 67/77 | €10,213 | €318 | -€9,895 | -96.9% |
| Profit (loss) for the period | 9904 | €27,522 | -€98,122 | -€125,644 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,522 | -€98,122 | -€125,644 |
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 9 October 2026 via checked.be.