YVAROX: 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.
YVAROX
Largest movements
- Cash -€829,133
down €829,133 (-97.6%), from €849,759 to €20,627
mainly Other debts (-€892,121) and Current investments (-€50,143)
- Current investments +€50,143
up €50,143 (+9.9%), from €506,446 to €556,589
- Other debts -€892,121
down €892,121 (-98.6%), from €905,172 to €13,051
- Reserves +€151,597
up €151,597 (+41.2%), from €367,674 to €519,271
of which Distributable reserves: +€151,597
- Taxes -€27,678
down €27,678 (-63.3%), from €43,731 to €16,053
- Gross operating margin -€26,020
down €26,020 (-24.3%), from €107,289 to €81,269
- Financial income -€22,052
down €22,052 (-11.3%), from €195,836 to €173,785
- Depreciation -€10,582
down €10,582 (-26.9%), from €39,336 to €28,755
- Financial charges -€1,818
down €1,818 (-7.8%), from €23,245 to €21,427
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 | €1,713,562 | €959,071 | -€754,491 | -44.0% |
| Fixed assets | 21/28 | €348,622 | €356,088 | +€7,466 | +2.1% |
| Tangible fixed assets | 22/27 | €348,622 | €356,088 | +€7,466 | +2.1% |
| Land and buildings | 22 | €344,892 | €341,773 | -€3,120 | -0.9% |
| Plant, machinery and equipment | 23 | €829 | €356 | -€473 | -57.1% |
| Furniture and vehicles | 24 | €2,902 | €13,960 | +€11,059 | +381.1% |
| Current assets | 29/58 | €1,364,940 | €602,983 | -€761,957 | -55.8% |
| Amounts receivable within one year | 40/41 | €8,734 | €25,767 | +€17,033 | +195.0% |
| Trade receivables | 40 | €399 | €48 | -€351 | -88.0% |
| Other amounts receivable | 41 | €8,335 | €25,719 | +€17,384 | +208.6% |
| Current investments | 50/53 | €506,446 | €556,589 | +€50,143 | +9.9% |
| Cash at bank and in hand | 54/58 | €849,759 | €20,627 | -€829,133 | -97.6% |
| Total equity and liabilities | 10/49 | €1,713,562 | €959,071 | -€754,491 | -44.0% |
| Equity | 10/15 | €429,174 | €580,771 | +€151,597 | +35.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €367,674 | €519,271 | +€151,597 | +41.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €361,524 | €513,121 | +€151,597 | +41.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,284,388 | €378,300 | -€906,088 | -70.5% |
| Amounts payable after more than one year | 17 | €359,446 | €359,446 | = | 0.0% |
| Financial debts | 170/4 | €359,446 | €359,446 | = | 0.0% |
| Amounts payable within one year | 42/48 | €924,943 | €18,855 | -€906,088 | -98.0% |
| Trade debts | 44 | - | €412 | +€412 | |
| Suppliers | 440/4 | - | €412 | +€412 | |
| Taxes, remuneration and social security | 45 | €19,771 | €5,392 | -€14,379 | -72.7% |
| Taxes | 450/3 | €19,771 | €5,392 | -€14,379 | -72.7% |
| Other amounts payable | 47/48 | €905,172 | €13,051 | -€892,121 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,336 | €28,755 | -€10,582 | -26.9% |
| Other operating charges | 640/8 | €36,237 | €37,222 | +€984 | +2.7% |
| Gross operating margin | 9900 | €107,289 | €81,269 | -€26,020 | -24.3% |
| Operating profit (loss) | 9901 | €31,715 | €15,292 | -€16,423 | -51.8% |
| Financial income | 75/76B | €195,836 | €173,785 | -€22,052 | -11.3% |
| Recurring financial income | 75 | €195,836 | €173,785 | -€22,052 | -11.3% |
| Financial charges | 65/66B | €23,245 | €21,427 | -€1,818 | -7.8% |
| Recurring financial charges | 65 | €23,245 | €21,427 | -€1,818 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €204,307 | €167,650 | -€36,657 | -17.9% |
| Income taxes | 67/77 | €43,731 | €16,053 | -€27,678 | -63.3% |
| Profit (loss) for the period | 9904 | €160,576 | €151,597 | -€8,979 | -5.6% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €160,576 | €151,597 | -€8,979 | -5.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.