Yucel: 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.
Yucel
Largest movements
- Receivables within one year +€140,129
up €140,129 (+32.6%), from €430,078 to €570,207
of which Trade receivables: +€89,606
- Tangible fixed assets -€15,847
down €15,847 (-34.4%), from €46,002 to €30,154
of which Plant, machinery and equipment: -€8,037
- Trade debts +€80,055
up €80,055 (+20.3%), from €394,357 to €474,413
- Tax, wage and social debts +€74,256
up €74,256 (+157%), from €47,250 to €121,506
- Short-term financial debts -€47,949
no longer reported in 2024 (was €47,949)
- Profit (loss) carried forward +€23,949
up €23,949 (+68.3%), from €35,074 to €59,023
- Gross operating margin -€31,591
down €31,591 (-17.6%), from €179,374 to €147,782
- Staff costs -€26,044
down €26,044 (-22.2%), from €117,051 to €91,007
- Other operating charges -€5,176
down €5,176 (-40.3%), from €12,843 to €7,668
- Depreciation +€4,304
up €4,304 (+37.3%), from €11,543 to €15,847
- Financial charges -€3,250
down €3,250 (-90.0%), from €3,612 to €361
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.
Derived cash bridge
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 | €616,437 | €746,747 | +€130,310 | +21.1% |
| Fixed assets | 21/28 | €46,002 | €30,154 | -€15,847 | -34.4% |
| Tangible fixed assets | 22/27 | €46,002 | €30,154 | -€15,847 | -34.4% |
| Plant, machinery and equipment | 23 | €10,162 | €2,125 | -€8,037 | -79.1% |
| Furniture and vehicles | 24 | €35,839 | €28,030 | -€7,810 | -21.8% |
| Current assets | 29/58 | €570,435 | €716,593 | +€146,158 | +25.6% |
| Stocks and contracts in progress | 3 | €137,535 | €137,535 | = | 0.0% |
| Stocks | 30/36 | €137,535 | €137,535 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €430,078 | €570,207 | +€140,129 | +32.6% |
| Trade receivables | 40 | €428,965 | €518,572 | +€89,606 | +20.9% |
| Other amounts receivable | 41 | €1,113 | €51,636 | +€50,523 | +4,541% |
| Cash at bank and in hand | 54/58 | €2,822 | €8,850 | +€6,028 | +214% |
| Total equity and liabilities | 10/49 | €616,437 | €746,747 | +€130,310 | +21.1% |
| Equity | 10/15 | €41,074 | €65,023 | +€23,949 | +58.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Capital | 10 | €6,000 | €6,000 | = | 0.0% |
| Issued capital | 100 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,074 | €59,023 | +€23,949 | +68.3% |
| Amounts payable | 17/49 | €575,363 | €681,725 | +€106,362 | +18.5% |
| Amounts payable within one year | 42/48 | €575,363 | €681,725 | +€106,362 | +18.5% |
| Financial debts | 43 | €47,949 | - | -€47,949 | |
| Credit institutions | 430/8 | €47,949 | - | -€47,949 | |
| Trade debts | 44 | €394,357 | €474,413 | +€80,055 | +20.3% |
| Suppliers | 440/4 | €394,357 | €474,413 | +€80,055 | +20.3% |
| Taxes, remuneration and social security | 45 | €47,250 | €121,506 | +€74,256 | +157% |
| Taxes | 450/3 | €47,250 | €121,506 | +€74,256 | +157% |
| Other amounts payable | 47/48 | €85,807 | €85,807 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €117,051 | €91,007 | -€26,044 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,543 | €15,847 | +€4,304 | +37.3% |
| Other operating charges | 640/8 | €12,843 | €7,668 | -€5,176 | -40.3% |
| Gross operating margin | 9900 | €179,374 | €147,782 | -€31,591 | -17.6% |
| Operating profit (loss) | 9901 | €37,936 | €33,260 | -€4,676 | -12.3% |
| Financial income | 75/76B | €1,491 | €20 | -€1,471 | -98.7% |
| Recurring financial income | 75 | €1,491 | €20 | -€1,471 | -98.7% |
| Financial charges | 65/66B | €3,612 | €361 | -€3,250 | -90.0% |
| Recurring financial charges | 65 | €3,612 | €361 | -€3,250 | -90.0% |
| Profit (loss) for the period before taxes | 9903 | €35,816 | €32,919 | -€2,897 | -8.1% |
| Income taxes | 67/77 | €9,558 | €8,970 | -€588 | -6.2% |
| Profit (loss) for the period | 9904 | €26,257 | €23,949 | -€2,309 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,257 | €23,949 | -€2,309 | -8.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.