YVEL: 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.
YVEL
Largest movements
- Tangible fixed assets -€35,385
down €35,385 (-9.3%), from €380,382 to €344,997
of which Land and buildings: -€28,494
- Cash +€6,178
up €6,178 (+12.7%), from €48,795 to €54,973
mainly Other debts (+€115,334) and Net result for the year (+€53,730)
- Other debts +€115,334
up €115,334 (+129.7%), from €88,909 to €204,243
- Profit (loss) carried forward -€86,294
no longer reported in 2025 (was €86,294)
- Reserves -€59,919
down €59,919 (-38.2%), from €156,935 to €97,016
of which Distributable reserves: -€59,919
- Tax, wage and social debts +€11,501
up €11,501 (+444.7%), from €2,586 to €14,088
- Debts after one year -€7,676
down €7,676 (-51.2%), from €14,998 to €7,322
- Gross operating margin +€38,837
up €38,837 (+43.5%), from €89,380 to €128,217
- Taxes +€8,912
up €8,912 (+76.8%), from €11,598 to €20,510
- Financial charges -€4,545
down €4,545 (-76.5%), from €5,938 to €1,393
- Other operating charges +€1,450
up €1,450 (+9.1%), from €15,888 to €17,338
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 | €434,125 | €404,100 | -€30,026 | -6.9% |
| Fixed assets | 21/28 | €380,382 | €344,997 | -€35,385 | -9.3% |
| Tangible fixed assets | 22/27 | €380,382 | €344,997 | -€35,385 | -9.3% |
| Land and buildings | 22 | €353,991 | €325,497 | -€28,494 | -8.0% |
| Furniture and vehicles | 24 | €26,391 | €19,500 | -€6,890 | -26.1% |
| Current assets | 29/58 | €53,744 | €59,103 | +€5,359 | +10.0% |
| Amounts receivable within one year | 40/41 | €3,561 | €2,666 | -€896 | -25.2% |
| Other amounts receivable | 41 | €3,561 | €2,666 | -€896 | -25.2% |
| Cash at bank and in hand | 54/58 | €48,795 | €54,973 | +€6,178 | +12.7% |
| Deferred charges and accrued income | 490/1 | €1,388 | €1,464 | +€77 | +5.5% |
| Total equity and liabilities | 10/49 | €434,125 | €404,100 | -€30,026 | -6.9% |
| Equity | 10/15 | €305,229 | €159,016 | -€146,213 | -47.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €156,935 | €97,016 | -€59,919 | -38.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €150,735 | €90,816 | -€59,919 | -39.8% |
| Profit (loss) carried forward | 14 | €86,294 | - | -€86,294 | |
| Provisions and deferred taxes | 16 | €2,450 | €2,450 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,450 | €2,450 | = | 0.0% |
| Environmental obligations | 163 | €2,450 | €2,450 | = | 0.0% |
| Amounts payable | 17/49 | €126,446 | €242,634 | +€116,187 | +91.9% |
| Amounts payable after more than one year | 17 | €14,998 | €7,322 | -€7,676 | -51.2% |
| Financial debts | 170/4 | €14,998 | €7,322 | -€7,676 | -51.2% |
| Amounts payable within one year | 42/48 | €110,905 | €234,434 | +€123,529 | +111.4% |
| Current portion of amounts payable after more than one year | 42 | €7,363 | €7,676 | +€313 | +4.2% |
| Trade debts | 44 | €12,047 | €8,428 | -€3,619 | -30.0% |
| Suppliers | 440/4 | €12,047 | €8,428 | -€3,619 | -30.0% |
| Taxes, remuneration and social security | 45 | €2,586 | €14,088 | +€11,501 | +444.7% |
| Taxes | 450/3 | €2,586 | €14,088 | +€11,501 | +444.7% |
| Other amounts payable | 47/48 | €88,909 | €204,243 | +€115,334 | +129.7% |
| Accrued charges and deferred income | 492/3 | €543 | €877 | +€334 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,187 | €35,385 | +€1,198 | +3.5% |
| Other operating charges | 640/8 | €15,888 | €17,338 | +€1,450 | +9.1% |
| Gross operating margin | 9900 | €89,380 | €128,217 | +€38,837 | +43.5% |
| Operating profit (loss) | 9901 | €39,305 | €75,494 | +€36,189 | +92.1% |
| Financial income | 75/76B | €164 | €139 | -€25 | -15.4% |
| Recurring financial income | 75 | €164 | €139 | -€25 | -15.4% |
| Financial charges | 65/66B | €5,938 | €1,393 | -€4,545 | -76.5% |
| Recurring financial charges | 65 | €5,938 | €1,393 | -€4,545 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | €33,532 | €74,240 | +€40,708 | +121.4% |
| Income taxes | 67/77 | €11,598 | €20,510 | +€8,912 | +76.8% |
| Profit (loss) for the period | 9904 | €21,933 | €53,730 | +€31,797 | +145.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,933 | €53,730 | +€31,797 | +145.0% |
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 6 October 2026 via checked.be.