YVB: 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.
YVB
Largest movements
- Tangible fixed assets +€188,817
up €188,817 (+16.4%), from €1.1m to €1.3m
of which Land and buildings: +€260,651
- Receivables within one year +€90,928
up €90,928 (+50.6%), from €179,874 to €270,802
of which Trade receivables: +€72,228
- Stocks and contracts -€58,063
down €58,063 (-31.6%), from €183,496 to €125,434
- Cash -€39,330
down €39,330 (-48.0%), from €81,880 to €42,550
mainly Investment in fixed assets (net) (-€287,618) and Receivables within one year (-€90,928)
- Debts after one year +€95,091
up €95,091 (+11.9%), from €798,217 to €893,308
- Trade debts +€90,431
up €90,431 (+123%), from €73,614 to €164,045
- Profit (loss) carried forward +€45,605
up €45,605 (+10.1%), from €453,454 to €499,058
- Tax, wage and social debts -€41,290
down €41,290 (-43.3%), from €95,430 to €54,140
of which Taxes: -€32,218
- Other debts -€29,970
down €29,970 (-43.6%), from €68,806 to €38,835
- Gross operating margin -€116,728
down €116,728 (-21.8%), from €535,255 to €418,528
- Staff costs -€30,024
down €30,024 (-12.7%), from €236,300 to €206,276
- Depreciation +€23,024
up €23,024 (+30.4%), from €75,777 to €98,800
- Taxes -€21,810
down €21,810 (-44.3%), from €49,203 to €27,393
- Financial charges +€8,052
up €8,052 (+23.0%), from €35,020 to €43,072
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.
Derived cash bridge
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 | €1,595,174 | €1,777,526 | +€182,352 | +11.4% |
| Fixed assets | 21/28 | €1,149,923 | €1,338,740 | +€188,817 | +16.4% |
| Tangible fixed assets | 22/27 | €1,149,923 | €1,338,740 | +€188,817 | +16.4% |
| Land and buildings | 22 | €878,062 | €1,138,713 | +€260,651 | +29.7% |
| Furniture and vehicles | 24 | €158,070 | €113,012 | -€45,058 | -28.5% |
| Leasing and similar rights | 25 | €89,987 | €71,145 | -€18,842 | -20.9% |
| Other tangible fixed assets | 26 | €23,805 | €15,870 | -€7,934 | -33.3% |
| Current assets | 29/58 | €445,251 | €438,786 | -€6,465 | -1.5% |
| Stocks and contracts in progress | 3 | €183,496 | €125,434 | -€58,063 | -31.6% |
| Stocks | 30/36 | €183,496 | €125,434 | -€58,063 | -31.6% |
| Amounts receivable within one year | 40/41 | €179,874 | €270,802 | +€90,928 | +50.6% |
| Trade receivables | 40 | €179,874 | €252,102 | +€72,228 | +40.2% |
| Other amounts receivable | 41 | €0 | €18,700 | +€18,700 | |
| Cash at bank and in hand | 54/58 | €81,880 | €42,550 | -€39,330 | -48.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,595,174 | €1,777,526 | +€182,352 | +11.4% |
| Equity | 10/15 | €475,078 | €520,682 | +€45,605 | +9.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,624 | €1,624 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,624 | €1,624 | = | 0.0% |
| Profit (loss) carried forward | 14 | €453,454 | €499,058 | +€45,605 | +10.1% |
| Amounts payable | 17/49 | €1,120,096 | €1,256,843 | +€136,748 | +12.2% |
| Amounts payable after more than one year | 17 | €798,217 | €893,308 | +€95,091 | +11.9% |
| Financial debts | 170/4 | €798,217 | €893,308 | +€95,091 | +11.9% |
| Amounts payable within one year | 42/48 | €310,234 | €355,782 | +€45,548 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €72,385 | €98,762 | +€26,377 | +36.4% |
| Trade debts | 44 | €73,614 | €164,045 | +€90,431 | +123% |
| Suppliers | 440/4 | €73,614 | €164,045 | +€90,431 | +123% |
| Taxes, remuneration and social security | 45 | €95,430 | €54,140 | -€41,290 | -43.3% |
| Taxes | 450/3 | €62,634 | €30,416 | -€32,218 | -51.4% |
| Remuneration and social security | 454/9 | €32,796 | €23,724 | -€9,072 | -27.7% |
| Other amounts payable | 47/48 | €68,806 | €38,835 | -€29,970 | -43.6% |
| Accrued charges and deferred income | 492/3 | €11,645 | €7,754 | -€3,892 | -33.4% |
| Remuneration, social security and pensions | 62 | €236,300 | €206,276 | -€30,024 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,777 | €98,800 | +€23,024 | +30.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,736 | -€3,736 | |
| Other operating charges | 640/8 | €6,960 | €5,736 | -€1,225 | -17.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €535,255 | €418,528 | -€116,728 | -21.8% |
| Operating profit (loss) | 9901 | €216,218 | €111,452 | -€104,766 | -48.5% |
| Financial income | 75/76B | €2,800 | €4,618 | +€1,818 | +64.9% |
| Recurring financial income | 75 | €2,800 | €4,618 | +€1,818 | +64.9% |
| Financial charges | 65/66B | €35,020 | €43,072 | +€8,052 | +23.0% |
| Recurring financial charges | 65 | €35,020 | €43,072 | +€8,052 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €183,998 | €72,998 | -€111,000 | -60.3% |
| Income taxes | 67/77 | €49,203 | €27,393 | -€21,810 | -44.3% |
| Profit (loss) for the period | 9904 | €134,794 | €45,605 | -€89,190 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €134,794 | €45,605 | -€89,190 | -66.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.