YUCEL GROUP: 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.
YUCEL GROUP
Largest movements
- Tangible fixed assets +€93,214
up €93,214 (+30223.1%), from €308 to €93,523
of which Furniture and vehicles: +€93,480
- Cash -€62,454
down €62,454 (-31.8%), from €196,152 to €133,698
mainly Investment in fixed assets (net) (-€100,294) and Trade debts (-€80,375)
- Stocks and contracts +€4,800
up €4,800 (+96.0%), from €5,000 to €9,800
- Trade debts -€80,375
down €80,375 (-98.4%), from €81,651 to €1,276
- Debts after one year +€62,990
up €62,990 (+286.3%), from €22,000 to €84,990
- Reserves +€40,519
up €40,519 (+54.2%), from €74,726 to €115,245
- Current portion of long-term debt +€15,815
new in 2025: €15,815
- Gross operating margin +€29,559
up €29,559 (+89.3%), from €33,100 to €62,659
- Taxes +€7,060
up €7,060 (+123.9%), from €5,696 to €12,756
- Depreciation +€6,133
up €6,133 (+647.2%), from €948 to €7,080
- Financial charges -€1,414
down €1,414 (-50.7%), from €2,790 to €1,376
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 | €217,960 | €257,304 | +€39,343 | +18.1% |
| Fixed assets | 21/28 | €308 | €93,523 | +€93,214 | +30223.1% |
| Tangible fixed assets | 22/27 | €308 | €93,523 | +€93,214 | +30223.1% |
| Plant, machinery and equipment | 23 | €308 | €43 | -€266 | -86.1% |
| Furniture and vehicles | 24 | - | €93,480 | +€93,480 | |
| Current assets | 29/58 | €217,652 | €163,781 | -€53,871 | -24.8% |
| Stocks and contracts in progress | 3 | €5,000 | €9,800 | +€4,800 | +96.0% |
| Stocks | 30/36 | €5,000 | €9,800 | +€4,800 | +96.0% |
| Amounts receivable within one year | 40/41 | €15,953 | €18,402 | +€2,449 | +15.4% |
| Trade receivables | 40 | €15,941 | €18,368 | +€2,426 | +15.2% |
| Other amounts receivable | 41 | €11 | €34 | +€23 | +201.7% |
| Cash at bank and in hand | 54/58 | €196,152 | €133,698 | -€62,454 | -31.8% |
| Deferred charges and accrued income | 490/1 | €547 | €1,881 | +€1,334 | +244.0% |
| Total equity and liabilities | 10/49 | €217,960 | €257,304 | +€39,343 | +18.1% |
| Equity | 10/15 | €77,726 | €118,245 | +€40,519 | +52.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €74,726 | €115,245 | +€40,519 | +54.2% |
| Distributable reserves | 133 | €74,726 | €115,245 | +€40,519 | +54.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €140,234 | €139,058 | -€1,176 | -0.8% |
| Amounts payable after more than one year | 17 | €22,000 | €84,990 | +€62,990 | +286.3% |
| Financial debts | 170/4 | €22,000 | €84,990 | +€62,990 | +286.3% |
| Amounts payable within one year | 42/48 | €114,712 | €48,939 | -€65,773 | -57.3% |
| Current portion of amounts payable after more than one year | 42 | - | €15,815 | +€15,815 | |
| Trade debts | 44 | €81,651 | €1,276 | -€80,375 | -98.4% |
| Suppliers | 440/4 | €81,651 | €1,276 | -€80,375 | -98.4% |
| Taxes, remuneration and social security | 45 | €17,389 | €16,177 | -€1,212 | -7.0% |
| Taxes | 450/3 | €15,165 | €13,953 | -€1,212 | -8.0% |
| Remuneration and social security | 454/9 | €2,224 | €2,224 | = | 0.0% |
| Other amounts payable | 47/48 | €15,672 | €15,672 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,523 | €5,130 | +€1,607 | +45.6% |
| Non-recurring operating income | 76A | €6,236 | - | -€6,236 | |
| Remuneration, social security and pensions | 62 | - | €45 | +€45 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €948 | €7,080 | +€6,133 | +647.2% |
| Other operating charges | 640/8 | €1,218 | €883 | -€335 | -27.5% |
| Gross operating margin | 9900 | €33,100 | €62,659 | +€29,559 | +89.3% |
| Operating profit (loss) | 9901 | €30,935 | €54,651 | +€23,716 | +76.7% |
| Financial charges | 65/66B | €2,790 | €1,376 | -€1,414 | -50.7% |
| Recurring financial charges | 65 | €2,790 | €1,376 | -€1,414 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €28,145 | €53,275 | +€25,130 | +89.3% |
| Income taxes | 67/77 | €5,696 | €12,756 | +€7,060 | +123.9% |
| Profit (loss) for the period | 9904 | €22,449 | €40,519 | +€18,070 | +80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,449 | €40,519 | +€18,070 | +80.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.