Yugen: what changed
What changed
Yugen
NACE 10.830, Manufacture of food products
filed annual accounts (NBB)
Net result for the year
€417,011
2024 · €281,627+€135,384
Equity
€1.2m
2024 · €737,467+€417,011
Cash
€729,493
2024 · €163,517+€565,976
Balance sheet total
€1.6m
2024 · €1.3m+€365,602
Largest movements
Assets
- Cash +€565,976
up €565,976 (+346%), from €163,517 to €729,493
mainly Net result for the year (+€417,011) and Current investments (+€324,999)
- Current investments -€324,999
down €324,999 (-99.9%), from €325,332 to €334
- Receivables within one year +€185,229
up €185,229 (+39.8%), from €465,331 to €650,560
of which Trade receivables: +€168,075
- Stocks and contracts -€59,016
down €59,016 (-22.8%), from €258,884 to €199,868
Equity and liabilities
- Reserves +€417,011
up €417,011 (+70.2%), from €593,867 to €1.0m
- Trade debts -€64,121
down €64,121 (-13.3%), from €483,764 to €419,644
Income statement
- Gross operating margin +€356,076
up €356,076 (+48.8%), from €730,076 to €1.1m
- Staff costs +€108,400
up €108,400 (+55.1%), from €196,848 to €305,248
- Other operating charges +€63,195
up €63,195 (+46.6%), from €135,728 to €198,923
- Taxes +€45,365
up €45,365 (+45.9%), from €98,801 to €144,166
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€281,627
Gross operating margin
+€356,076
Staff costs
-€108,400
Depreciation
-€1,262
Write-downs
+€206
Other operating charges
-€63,195
Financial income
-€3,484
Financial charges
+€808
Taxes
-€45,365
Result 2025
€417,011
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€255,180
Investment
+€309,948
Financing
+€847
Cash 2024
€163,517
From operations (derived)
+€255,180
Net result for the year
+€417,011
Depreciation
+€20,089
Stocks and contracts
+€59,016
Receivables within one year
-€185,229
Deferred charges and accrued income
-€3,451
Trade debts
-€64,121
Tax, wage and social debts
+€10,131
Other debts
+€1,734
Investment (derived)
+€309,948
Investment in fixed assets (net)
-€15,051
Current investments
+€324,999
Financing
+€847
Short-term financial debts
+€847
Cash 2025
€729,493
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,277,384 | €1,642,987 | +€365,602 | +28.6% |
| Fixed assets | 21/28 | €61,628 | €56,590 | -€5,038 | -8.2% |
| Intangible fixed assets | 21 | €4,736 | €3,608 | -€1,128 | -23.8% |
| Tangible fixed assets | 22/27 | €45,861 | €40,650 | -€5,211 | -11.4% |
| Plant, machinery and equipment | 23 | €36,558 | €27,356 | -€9,202 | -25.2% |
| Furniture and vehicles | 24 | €8,409 | €13,295 | +€4,886 | +58.1% |
| Other tangible fixed assets | 26 | €894 | €0 | -€894 | -100% |
| Financial fixed assets | 28 | €11,032 | €12,332 | +€1,300 | +11.8% |
| Current assets | 29/58 | €1,215,756 | €1,586,397 | +€370,641 | +30.5% |
| Stocks and contracts in progress | 3 | €258,884 | €199,868 | -€59,016 | -22.8% |
| Stocks | 30/36 | €258,884 | €199,868 | -€59,016 | -22.8% |
| Amounts receivable within one year | 40/41 | €465,331 | €650,560 | +€185,229 | +39.8% |
| Trade receivables | 40 | €377,889 | €545,964 | +€168,075 | +44.5% |
| Other amounts receivable | 41 | €87,442 | €104,596 | +€17,154 | +19.6% |
| Current investments | 50/53 | €325,332 | €334 | -€324,999 | -99.9% |
| Cash at bank and in hand | 54/58 | €163,517 | €729,493 | +€565,976 | +346% |
| Deferred charges and accrued income | 490/1 | €2,691 | €6,142 | +€3,451 | +128% |
| Total equity and liabilities | 10/49 | €1,277,384 | €1,642,987 | +€365,602 | +28.6% |
| Equity | 10/15 | €737,467 | €1,154,478 | +€417,011 | +56.5% |
| Contributions | 10/11 | €143,600 | €143,600 | = | 0.0% |
| Reserves | 13 | €593,867 | €1,010,878 | +€417,011 | +70.2% |
| Distributable reserves | 133 | €593,867 | €1,010,878 | +€417,011 | +70.2% |
| Amounts payable | 17/49 | €539,917 | €488,509 | -€51,408 | -9.5% |
| Amounts payable within one year | 42/48 | €539,917 | €488,509 | -€51,408 | -9.5% |
| Financial debts | 43 | €4,813 | €5,660 | +€847 | +17.6% |
| Credit institutions | 430/8 | €4,813 | €5,660 | +€847 | +17.6% |
| Trade debts | 44 | €483,764 | €419,644 | -€64,121 | -13.3% |
| Suppliers | 440/4 | €483,764 | €419,644 | -€64,121 | -13.3% |
| Taxes, remuneration and social security | 45 | €31,732 | €41,863 | +€10,131 | +31.9% |
| Taxes | 450/3 | €0 | €3,958 | +€3,958 | |
| Remuneration and social security | 454/9 | €31,732 | €37,905 | +€6,174 | +19.5% |
| Other amounts payable | 47/48 | €19,608 | €21,342 | +€1,734 | +8.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €196,848 | €305,248 | +€108,400 | +55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,827 | €20,089 | +€1,262 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €853 | €647 | -€206 | -24.1% |
| Other operating charges | 640/8 | €135,728 | €198,923 | +€63,195 | +46.6% |
| Gross operating margin | 9900 | €730,076 | €1,086,152 | +€356,076 | +48.8% |
| Operating profit (loss) | 9901 | €377,819 | €561,244 | +€183,425 | +48.5% |
| Financial income | 75/76B | €8,583 | €5,099 | -€3,484 | -40.6% |
| Recurring financial income | 75 | €8,583 | €5,099 | -€3,484 | -40.6% |
| Financial charges | 65/66B | €5,974 | €5,166 | -€808 | -13.5% |
| Recurring financial charges | 65 | €5,974 | €5,166 | -€808 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €380,428 | €561,177 | +€180,749 | +47.5% |
| Income taxes | 67/77 | €98,801 | €144,166 | +€45,365 | +45.9% |
| Profit (loss) for the period | 9904 | €281,627 | €417,011 | +€135,384 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €281,627 | €417,011 | +€135,384 | +48.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.