YVELCO: 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.
YVELCO
Largest movements
- Cash +€14,863
up €14,863 (+72.0%), from €20,640 to €35,503
mainly Net result for the year (+€39,796) and Tax, wage and social debts (+€19,993)
- Receivables within one year +€7,117
up €7,117 (+50.3%), from €14,143 to €21,260
of which Trade receivables: +€13,345
- Reserves +€36,662
up €36,662 (+46.3%), from €79,205 to €115,867
- Debts after one year -€20,334
down €20,334 (-4.7%), from €433,739 to €413,404
- Tax, wage and social debts +€19,993
up €19,993 (+96.9%), from €20,641 to €40,634
of which Taxes: +€19,891
- Other debts -€14,620
down €14,620 (-17.8%), from €82,124 to €67,503
- Gross operating margin +€19,334
up €19,334 (+27.7%), from €69,791 to €89,125
- Depreciation +€4,577
up €4,577 (+55.7%), from €8,210 to €12,787
- Taxes +€3,820
up €3,820 (+32.5%), from €11,771 to €15,591
- Financial charges -€3,433
down €3,433 (-15.7%), from €21,894 to €18,461
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 | €683,479 | €699,542 | +€16,064 | +2.4% |
| Fixed assets | 21/28 | €646,879 | €641,236 | -€5,643 | -0.9% |
| Intangible fixed assets | 21 | €2,071 | €819 | -€1,252 | -60.4% |
| Tangible fixed assets | 22/27 | €644,808 | €640,417 | -€4,392 | -0.7% |
| Land and buildings | 22 | €644,808 | €637,193 | -€7,615 | -1.2% |
| Plant, machinery and equipment | 23 | €0 | €3,223 | +€3,223 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €36,599 | €58,306 | +€21,707 | +59.3% |
| Amounts receivable within one year | 40/41 | €14,143 | €21,260 | +€7,117 | +50.3% |
| Trade receivables | 40 | €7,915 | €21,260 | +€13,345 | +169% |
| Other amounts receivable | 41 | €6,228 | €0 | -€6,228 | -100% |
| Cash at bank and in hand | 54/58 | €20,640 | €35,503 | +€14,863 | +72.0% |
| Deferred charges and accrued income | 490/1 | €1,817 | €1,543 | -€274 | -15.1% |
| Total equity and liabilities | 10/49 | €683,479 | €699,542 | +€16,064 | +2.4% |
| Equity | 10/15 | €91,605 | €128,267 | +€36,662 | +40.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €79,205 | €115,867 | +€36,662 | +46.3% |
| Distributable reserves | 133 | €79,205 | €115,867 | +€36,662 | +46.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €591,874 | €571,275 | -€20,599 | -3.5% |
| Amounts payable after more than one year | 17 | €433,739 | €413,404 | -€20,334 | -4.7% |
| Financial debts | 170/4 | €433,739 | €413,404 | -€20,334 | -4.7% |
| Amounts payable within one year | 42/48 | €158,135 | €157,871 | -€264 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €19,839 | €20,334 | +€496 | +2.5% |
| Trade debts | 44 | €35,531 | €29,399 | -€6,133 | -17.3% |
| Suppliers | 440/4 | €35,531 | €29,399 | -€6,133 | -17.3% |
| Taxes, remuneration and social security | 45 | €20,641 | €40,634 | +€19,993 | +96.9% |
| Taxes | 450/3 | €18,454 | €38,345 | +€19,891 | +108% |
| Remuneration and social security | 454/9 | €2,187 | €2,289 | +€102 | +4.7% |
| Other amounts payable | 47/48 | €82,124 | €67,503 | -€14,620 | -17.8% |
| Non-recurring operating income | 76A | €7,355 | €0 | -€7,355 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,210 | €12,787 | +€4,577 | +55.7% |
| Other operating charges | 640/8 | €2,037 | €2,490 | +€452 | +22.2% |
| Non-recurring operating charges | 66A | €2,911 | €0 | -€2,911 | -100% |
| Gross operating margin | 9900 | €69,791 | €89,125 | +€19,334 | +27.7% |
| Operating profit (loss) | 9901 | €56,633 | €73,849 | +€17,216 | +30.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €21,894 | €18,461 | -€3,433 | -15.7% |
| Recurring financial charges | 65 | €21,894 | €18,461 | -€3,433 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €34,739 | €55,388 | +€20,648 | +59.4% |
| Income taxes | 67/77 | €11,771 | €15,591 | +€3,820 | +32.5% |
| Profit (loss) for the period | 9904 | €22,968 | €39,796 | +€16,828 | +73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,968 | €39,796 | +€16,828 | +73.3% |
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 21 October 2026 via checked.be.