YVELEC: 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.
YVELEC
Largest movements
- Cash +€255,551
up €255,551 (+76.8%), from €332,661 to €588,212
mainly Net result for the year (+€347,385) and Other debts (+€222,054)
- Receivables within one year -€78,862
down €78,862 (-20.1%), from €393,077 to €314,215
of which Trade receivables: -€88,157
- Tangible fixed assets -€74,590
down €74,590 (-16.3%), from €458,092 to €383,501
of which Land and buildings: -€55,443
- Stocks and contracts +€59,839
new in 2025: €59,839
- Other debts +€222,054
up €222,054 (+352.8%), from €62,946 to €285,000
- Current portion of long-term debt -€62,522
down €62,522 (-75.8%), from €82,487 to €19,964
- Profit (loss) carried forward +€62,385
up €62,385 (+8.2%), from €758,746 to €821,132
- Advances received -€35,120
down €35,120 (-100.0%), from €35,120 to €0
- Debts after one year -€19,965
down €19,965 (-47.9%), from €41,667 to €21,702
- Gross operating margin +€205,851
up €205,851 (+22.6%), from €910,704 to €1.1m
- Staff costs +€55,825
up €55,825 (+11.7%), from €477,060 to €532,885
- Taxes +€46,022
up €46,022 (+61.9%), from €74,352 to €120,373
- Other operating charges -€31,454
down €31,454 (-56.8%), from €55,369 to €23,915
- Depreciation +€14,437
up €14,437 (+22.6%), from €63,949 to €78,386
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 | €1,358,852 | €1,530,302 | +€171,450 | +12.6% |
| Fixed assets | 21/28 | €458,141 | €383,551 | -€74,590 | -16.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €458,092 | €383,501 | -€74,590 | -16.3% |
| Land and buildings | 22 | €393,633 | €338,190 | -€55,443 | -14.1% |
| Plant, machinery and equipment | 23 | €13,324 | €10,920 | -€2,404 | -18.0% |
| Furniture and vehicles | 24 | €13,258 | €6,394 | -€6,863 | -51.8% |
| Leasing and similar rights | 25 | €37,747 | €27,893 | -€9,854 | -26.1% |
| Other tangible fixed assets | 26 | €129 | €103 | -€26 | -20.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €900,711 | €1,146,751 | +€246,040 | +27.3% |
| Amounts receivable after more than one year | 29 | €156,000 | €156,000 | = | 0.0% |
| Trade receivables | 290 | €156,000 | €156,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €59,839 | +€59,839 | |
| Stocks | 30/36 | - | €59,839 | +€59,839 | |
| Amounts receivable within one year | 40/41 | €393,077 | €314,215 | -€78,862 | -20.1% |
| Trade receivables | 40 | €357,998 | €269,841 | -€88,157 | -24.6% |
| Other amounts receivable | 41 | €35,079 | €44,374 | +€9,295 | +26.5% |
| Current investments | 50/53 | - | €7,763 | +€7,763 | |
| Cash at bank and in hand | 54/58 | €332,661 | €588,212 | +€255,551 | +76.8% |
| Deferred charges and accrued income | 490/1 | €18,973 | €20,723 | +€1,750 | +9.2% |
| Total equity and liabilities | 10/49 | €1,358,852 | €1,530,302 | +€171,450 | +12.6% |
| Equity | 10/15 | €829,849 | €890,392 | +€60,543 | +7.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €39,359 | €39,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €758,746 | €821,132 | +€62,385 | +8.2% |
| Investment grants | 15 | €13,151 | €11,309 | -€1,842 | -14.0% |
| Amounts payable | 17/49 | €529,004 | €639,910 | +€110,907 | +21.0% |
| Amounts payable after more than one year | 17 | €41,667 | €21,702 | -€19,965 | -47.9% |
| Financial debts | 170/4 | €41,667 | €21,702 | -€19,965 | -47.9% |
| Amounts payable within one year | 42/48 | €487,336 | €618,208 | +€130,872 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €82,487 | €19,964 | -€62,522 | -75.8% |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Credit institutions | 430/8 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €159,895 | €165,692 | +€5,797 | +3.6% |
| Suppliers | 440/4 | €159,895 | €165,692 | +€5,797 | +3.6% |
| Advances received on contracts in progress | 46 | €35,120 | €0 | -€35,120 | -100.0% |
| Taxes, remuneration and social security | 45 | €116,888 | €117,552 | +€664 | +0.6% |
| Taxes | 450/3 | €74,207 | €64,059 | -€10,148 | -13.7% |
| Remuneration and social security | 454/9 | €42,681 | €53,493 | +€10,812 | +25.3% |
| Other amounts payable | 47/48 | €62,946 | €285,000 | +€222,054 | +352.8% |
| Non-recurring operating income | 76A | €750 | €1,367 | +€617 | +82.3% |
| Remuneration, social security and pensions | 62 | €477,060 | €532,885 | +€55,825 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,949 | €78,386 | +€14,437 | +22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €55,369 | €23,915 | -€31,454 | -56.8% |
| Non-recurring operating charges | 66A | €4,271 | €0 | -€4,271 | -100.0% |
| Gross operating margin | 9900 | €910,704 | €1,116,556 | +€205,851 | +22.6% |
| Operating profit (loss) | 9901 | €310,055 | €481,369 | +€171,314 | +55.3% |
| Financial income | 75/76B | €2,000 | €1,924 | -€76 | -3.8% |
| Recurring financial income | 75 | €2,000 | €1,924 | -€76 | -3.8% |
| Financial charges | 65/66B | €15,391 | €15,534 | +€143 | +0.9% |
| Recurring financial charges | 65 | €15,391 | €15,534 | +€143 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €296,664 | €467,759 | +€171,094 | +57.7% |
| Income taxes | 67/77 | €74,352 | €120,373 | +€46,022 | +61.9% |
| Profit (loss) for the period | 9904 | €222,312 | €347,385 | +€125,073 | +56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €222,312 | €347,385 | +€125,073 | +56.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.