YVAN'S: 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.
What changed
YVAN'S
NACE 47.770, Retail sale of watches and jewellery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €2.0m-€4,452
Equity
€5.0m
2024 · €5.0m-€13,350
Cash
€2.8m
2024 · €4.9m-€2.1m
Balance sheet total
€17.6m
2024 · €12.8m+€4.9m
Largest movements
Assets
- Financial fixed assets +€7.0m
up €7.0m (+483939.5%), from €1,451 to €7.0m
of which Affiliated companies: +€7.0m
- Cash -€2.1m
down €2.1m (-43.1%), from €4.9m to €2.8m
mainly Investment in fixed assets (net) (-€7.1m) and Contributions, distributions and other (-€2.0m)
- Current investments -€987,658
down €987,658 (-39.4%), from €2.5m to €1.5m
- Receivables within one year +€790,886
up €790,886 (+201.8%), from €391,938 to €1.2m
of which Other amounts receivable: +€667,783
- Stocks and contracts +€487,605
up €487,605 (+13.6%), from €3.6m to €4.1m
Equity and liabilities
- Debts after one year +€3.2m
up €3.2m (+232.2%), from €1.4m to €4.6m
of which Financial debts: +€3.2m
- Other debts +€1.1m
up €1.1m (+20.0%), from €5.7m to €6.8m
- Current portion of long-term debt +€349,313
up €349,313 (+129.8%), from €269,209 to €618,523
- Advances received +€222,154
up €222,154 (+231.7%), from €95,873 to €318,027
Income statement
- Turnover +€1.7m
up €1.7m (+10.8%), from €15.5m to €17.2m
- Goods and materials +€1.6m
up €1.6m (+15.4%), from €10.2m to €11.8m
of which Purchases: +€1.5m
- Taxes -€193,949
down €193,949 (-22.4%), from €864,932 to €670,983
of which Taxes: -€181,212
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.
Result 2024
€2.0m
Turnover
+€1.7m
Other operating income
-€11,192
Goods and materials
-€1.6m
Services and other goods
-€165,506
Staff costs
-€63,623
Depreciation
-€23,053
Other operating charges
-€1,737
Other operating items
-€3,150
Financial income
+€13,245
Financial charges
-€53,602
Taxes
+€193,949
Result 2025
€2.0m
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.
From operations
+€2.4m
Investment
-€6.1m
Financing
+€1.6m
Cash 2024
€4.9m
From operations (derived)
+€2.4m
Net result for the year
+€2.0m
Depreciation
+€448,951
Stocks and contracts
-€487,605
Receivables within one year
-€790,886
Deferred charges and accrued income
+€3,249
Trade debts
+€89,404
Tax, wage and social debts
-€157,153
Advances received
+€222,154
Other debts
+€1.1m
Investment (derived)
-€6.1m
Investment in fixed assets (net)
-€7.1m
Current investments
+€987,658
Financing
+€1.6m
Debts after one year
+€3.2m
Current portion of long-term debt
+€349,313
Short-term financial debts
+€9,574
Contributions, distributions and other
-€2.0m
Cash 2025
€2.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,754,783 | €17,626,522 | +€4.9m | +38.2% |
| Fixed assets | 21/28 | €1,342,470 | €8,027,699 | +€6.7m | +498.0% |
| Intangible fixed assets | 21 | €209,863 | €169,863 | -€40,000 | -19.1% |
| Tangible fixed assets | 22/27 | €1,131,156 | €836,166 | -€294,990 | -26.1% |
| Plant, machinery and equipment | 23 | €1,068,570 | €770,290 | -€298,280 | -27.9% |
| Furniture and vehicles | 24 | €62,586 | €44,028 | -€18,557 | -29.7% |
| Assets under construction and advance payments | 27 | - | €21,848 | +€21,848 | |
| Financial fixed assets | 28 | €1,451 | €7,021,670 | +€7.0m | +483939.5% |
| Affiliated companies | 280/1 | - | €7,020,219 | +€7.0m | |
| Participating interests | 280 | - | €7,020,219 | +€7.0m | |
| Other financial fixed assets | 284/8 | €1,451 | €1,451 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,451 | €1,451 | = | 0.0% |
| Current assets | 29/58 | €11,412,314 | €9,598,823 | -€1.8m | -15.9% |
| Stocks and contracts in progress | 3 | €3,590,083 | €4,077,688 | +€487,605 | +13.6% |
| Stocks | 30/36 | €3,590,083 | €4,077,688 | +€487,605 | +13.6% |
| Goods purchased for resale | 34 | €3,590,083 | €4,077,688 | +€487,605 | +13.6% |
| Amounts receivable within one year | 40/41 | €391,938 | €1,182,824 | +€790,886 | +201.8% |
| Trade receivables | 40 | €27,602 | €150,705 | +€123,103 | +446.0% |
| Other amounts receivable | 41 | €364,336 | €1,032,119 | +€667,783 | +183.3% |
| Current investments | 50/53 | €2,509,569 | €1,521,911 | -€987,658 | -39.4% |
| Other investments | 51/53 | €2,509,569 | €1,521,911 | -€987,658 | -39.4% |
| Cash at bank and in hand | 54/58 | €4,870,639 | €2,769,564 | -€2.1m | -43.1% |
| Deferred charges and accrued income | 490/1 | €50,084 | €46,835 | -€3,249 | -6.5% |
| Total equity and liabilities | 10/49 | €12,754,783 | €17,626,522 | +€4.9m | +38.2% |
| Equity | 10/15 | €5,039,202 | €5,025,852 | -€13,350 | -0.3% |
| Contributions | 10/11 | €264,000 | €264,000 | = | 0.0% |
| Reserves | 13 | €2,526,400 | €2,526,400 | = | 0.0% |
| Distributable reserves | 133 | €2,526,400 | €2,526,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,128,484 | €2,132,323 | +€3,838 | +0.2% |
| Investment grants | 15 | €120,317 | €103,129 | -€17,188 | -14.3% |
| Amounts payable | 17/49 | €7,715,582 | €12,600,670 | +€4.9m | +63.3% |
| Amounts payable after more than one year | 17 | €1,395,403 | €4,635,498 | +€3.2m | +232.2% |
| Financial debts | 170/4 | €795,403 | €4,035,498 | +€3.2m | +407.4% |
| Credit institutions | 173 | €795,403 | €4,035,498 | +€3.2m | +407.4% |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,320,179 | €7,965,172 | +€1.6m | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €269,209 | €618,523 | +€349,313 | +129.8% |
| Financial debts | 43 | €2,933 | €12,508 | +€9,574 | +326.4% |
| Credit institutions | 430/8 | €2,933 | €12,508 | +€9,574 | +326.4% |
| Trade debts | 44 | €68,968 | €158,372 | +€89,404 | +129.6% |
| Suppliers | 440/4 | €68,968 | €158,372 | +€89,404 | +129.6% |
| Advances received on contracts in progress | 46 | €95,873 | €318,027 | +€222,154 | +231.7% |
| Taxes, remuneration and social security | 45 | €227,235 | €70,082 | -€157,153 | -69.2% |
| Taxes | 450/3 | €160,802 | €5,649 | -€155,153 | -96.5% |
| Remuneration and social security | 454/9 | €66,433 | €64,433 | -€2,000 | -3.0% |
| Other amounts payable | 47/48 | €5,655,961 | €6,787,661 | +€1.1m | +20.0% |
| Operating income | 70/76A | €15,598,494 | €17,270,983 | +€1.7m | +10.7% |
| Turnover | 70 | €15,525,079 | €17,208,761 | +€1.7m | +10.8% |
| Other operating income | 74 | €73,414 | €62,222 | -€11,192 | -15.2% |
| Operating charges | 60/66A | €12,605,196 | €14,435,730 | +€1.8m | +14.5% |
| Goods for resale, raw materials and consumables | 60 | €10,224,692 | €11,798,158 | +€1.6m | +15.4% |
| Purchases | 600/8 | €10,761,434 | €12,285,764 | +€1.5m | +14.2% |
| Change in stocks: decrease (increase) | 609 | -€536,742 | -€487,605 | +€49,137 | +9.2% |
| Services and other goods | 61 | €1,530,260 | €1,695,766 | +€165,506 | +10.8% |
| Remuneration, social security and pensions | 62 | €417,379 | €481,001 | +€63,623 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €425,898 | €448,951 | +€23,053 | +5.4% |
| Other operating charges | 640/8 | €6,967 | €8,704 | +€1,737 | +24.9% |
| Non-recurring operating charges | 66A | - | €3,150 | +€3,150 | |
| Operating profit (loss) | 9901 | €2,993,298 | €2,835,253 | -€158,045 | -5.3% |
| Financial income | 75/76B | €76,523 | €89,768 | +€13,245 | +17.3% |
| Recurring financial income | 75 | €76,523 | €89,768 | +€13,245 | +17.3% |
| Income from current assets | 751 | €25,187 | €59,390 | +€34,203 | +135.8% |
| Other financial income | 752/9 | €51,336 | €30,377 | -€20,959 | -40.8% |
| Financial charges | 65/66B | €226,597 | €280,199 | +€53,602 | +23.7% |
| Recurring financial charges | 65 | €226,597 | €280,199 | +€53,602 | +23.7% |
| Debt charges | 650 | €24,216 | €34,108 | +€9,893 | +40.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €179 | +€179 | |
| Other financial charges | 652/9 | €202,382 | €245,912 | +€43,530 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €2,843,223 | €2,644,821 | -€198,402 | -7.0% |
| Income taxes | 67/77 | €864,932 | €670,983 | -€193,949 | -22.4% |
| Taxes | 670/3 | €864,932 | €683,720 | -€181,212 | -21.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €12,737 | +€12,737 | |
| Profit (loss) for the period | 9904 | €1,978,291 | €1,973,838 | -€4,452 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,978,291 | €1,973,838 | -€4,452 | -0.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.