YVECON: 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.
YVECON
Largest movements
- Tangible fixed assets -€16,362
down €16,362 (-1.1%), from €1.5m to €1.5m
of which Land and buildings: -€16,118
- Reserves -€35,100
down €35,100 (-6.6%), from €533,757 to €498,657
of which Distributable reserves: -€25,934
- Gross operating margin -€9,368
down €9,368 (-281%), from -€3,333 to -€12,701
- Taxes +€375
new in 2025: €375
- Other operating charges +€338
up €338 (+3.9%), from €8,603 to €8,941
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 | €1,577,886 | €1,557,191 | -€20,695 | -1.3% |
| Fixed assets | 21/28 | €1,548,767 | €1,532,405 | -€16,362 | -1.1% |
| Tangible fixed assets | 22/27 | €1,548,767 | €1,532,405 | -€16,362 | -1.1% |
| Land and buildings | 22 | €568,420 | €552,302 | -€16,118 | -2.8% |
| Plant, machinery and equipment | 23 | €347 | €103 | -€244 | -70.3% |
| Other tangible fixed assets | 26 | €980,000 | €980,000 | = | 0.0% |
| Current assets | 29/58 | €29,119 | €24,786 | -€4,333 | -14.9% |
| Amounts receivable within one year | 40/41 | €4,737 | - | -€4,737 | |
| Other amounts receivable | 41 | €4,737 | - | -€4,737 | |
| Cash at bank and in hand | 54/58 | €24,382 | €12,081 | -€12,301 | -50.5% |
| Deferred charges and accrued income | 490/1 | - | €12,705 | +€12,705 | |
| Total equity and liabilities | 10/49 | €1,577,886 | €1,557,191 | -€20,695 | -1.3% |
| Equity | 10/15 | €878,757 | €843,657 | -€35,100 | -4.0% |
| Contributions | 10/11 | €345,000 | €345,000 | = | 0.0% |
| Capital | 10 | €345,000 | €345,000 | = | 0.0% |
| Issued capital | 100 | €345,000 | €345,000 | = | 0.0% |
| Reserves | 13 | €533,757 | €498,657 | -€35,100 | -6.6% |
| Non-distributable reserves | 130/1 | €34,500 | €34,500 | = | 0.0% |
| Legal reserve | 130 | €34,500 | €34,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €207,931 | €198,765 | -€9,166 | -4.4% |
| Distributable reserves | 133 | €291,326 | €265,392 | -€25,934 | -8.9% |
| Provisions and deferred taxes | 16 | €76,055 | €72,472 | -€3,583 | -4.7% |
| Deferred taxes | 168 | €76,055 | €72,472 | -€3,583 | -4.7% |
| Amounts payable | 17/49 | €623,074 | €641,062 | +€17,988 | +2.9% |
| Amounts payable after more than one year | 17 | €620,738 | €623,970 | +€3,232 | +0.5% |
| Other amounts payable | 178/9 | €620,738 | €623,970 | +€3,232 | +0.5% |
| Amounts payable within one year | 42/48 | €2,336 | €17,092 | +€14,756 | +632% |
| Trade debts | 44 | €2,336 | €17,092 | +€14,756 | +632% |
| Suppliers | 440/4 | €2,336 | €17,092 | +€14,756 | +632% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,363 | €16,362 | -€1 | 0.0% |
| Other operating charges | 640/8 | €8,603 | €8,941 | +€338 | +3.9% |
| Gross operating margin | 9900 | -€3,333 | -€12,701 | -€9,368 | -281% |
| Operating profit (loss) | 9901 | -€28,299 | -€38,004 | -€9,705 | -34.3% |
| Financial charges | 65/66B | €298 | €304 | +€6 | +2.0% |
| Recurring financial charges | 65 | €298 | €304 | +€6 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,597 | -€38,308 | -€9,711 | -34.0% |
| Transfer from deferred taxes | 780 | €3,582 | €3,583 | +€1 | 0.0% |
| Income taxes | 67/77 | - | €375 | +€375 | |
| Profit (loss) for the period | 9904 | -€25,015 | -€35,100 | -€10,085 | -40.3% |
| Transfer from tax-exempt reserves | 789 | €9,166 | €9,166 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,849 | -€25,934 | -€10,085 | -63.6% |
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.