YVENCO: 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.
YVENCO
Largest movements
- Cash -€34,394
down €34,394 (-19.2%), from €179,481 to €145,087
mainly Other debts (-€53,846) and Investment in fixed assets (net) (-€14,831)
- Tangible fixed assets -€8,426
down €8,426 (-2.0%), from €421,553 to €413,127
of which Land and buildings: -€10,986
- Receivables within one year +€8,380
up €8,380 (+366%), from €2,292 to €10,672
of which Trade receivables: +€9,239
- Other debts -€53,846
down €53,846 (-14.9%), from €362,312 to €308,466
- Accrued charges and deferred income +€12,519
up €12,519 (+1,565%), from €800 to €13,319
- Reserves +€10,982
up €10,982 (+6.9%), from €160,272 to €171,254
- Debts after one year -€9,023
down €9,023 (-18.5%), from €48,692 to €39,669
- Gross operating margin -€84,449
down €84,449 (-61.7%), from €136,815 to €52,365
- Taxes -€24,147
down €24,147 (-86.9%), from €27,798 to €3,650
- Financial charges +€12,658
up €12,658 (+1,290%), from €981 to €13,639
- Depreciation +€3,020
up €3,020 (+14.9%), from €20,237 to €23,257
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 | €605,497 | €570,036 | -€35,461 | -5.9% |
| Fixed assets | 21/28 | €421,553 | €413,127 | -€8,426 | -2.0% |
| Tangible fixed assets | 22/27 | €421,553 | €413,127 | -€8,426 | -2.0% |
| Land and buildings | 22 | €315,318 | €304,331 | -€10,986 | -3.5% |
| Furniture and vehicles | 24 | €3,516 | €1,440 | -€2,077 | -59.1% |
| Other tangible fixed assets | 26 | €102,719 | €107,356 | +€4,637 | +4.5% |
| Current assets | 29/58 | €183,944 | €156,908 | -€27,035 | -14.7% |
| Amounts receivable within one year | 40/41 | €2,292 | €10,672 | +€8,380 | +366% |
| Trade receivables | 40 | - | €9,239 | +€9,239 | |
| Other amounts receivable | 41 | €2,292 | €1,433 | -€859 | -37.5% |
| Cash at bank and in hand | 54/58 | €179,481 | €145,087 | -€34,394 | -19.2% |
| Deferred charges and accrued income | 490/1 | €2,171 | €1,150 | -€1,022 | -47.1% |
| Total equity and liabilities | 10/49 | €605,497 | €570,036 | -€35,461 | -5.9% |
| Equity | 10/15 | €178,872 | €189,854 | +€10,982 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,272 | €171,254 | +€10,982 | +6.9% |
| Distributable reserves | 133 | €160,272 | €171,254 | +€10,982 | +6.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €426,625 | €380,182 | -€46,443 | -10.9% |
| Amounts payable after more than one year | 17 | €48,692 | €39,669 | -€9,023 | -18.5% |
| Financial debts | 170/4 | €48,692 | €39,669 | -€9,023 | -18.5% |
| Amounts payable within one year | 42/48 | €377,133 | €327,194 | -€49,938 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €8,907 | €9,023 | +€115 | +1.3% |
| Trade debts | 44 | €2,011 | €915 | -€1,096 | -54.5% |
| Suppliers | 440/4 | €2,011 | €915 | -€1,096 | -54.5% |
| Taxes, remuneration and social security | 45 | €3,903 | €8,791 | +€4,888 | +125% |
| Taxes | 450/3 | €3,903 | €8,791 | +€4,888 | +125% |
| Other amounts payable | 47/48 | €362,312 | €308,466 | -€53,846 | -14.9% |
| Accrued charges and deferred income | 492/3 | €800 | €13,319 | +€12,519 | +1,565% |
| Non-recurring operating income | 76A | - | €12,333 | +€12,333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,237 | €23,257 | +€3,020 | +14.9% |
| Other operating charges | 640/8 | €887 | €842 | -€46 | -5.1% |
| Gross operating margin | 9900 | €136,815 | €52,365 | -€84,449 | -61.7% |
| Operating profit (loss) | 9901 | €115,691 | €28,267 | -€87,423 | -75.6% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €981 | €13,639 | +€12,658 | +1,290% |
| Recurring financial charges | 65 | €981 | €13,639 | +€12,658 | +1,290% |
| Profit (loss) for the period before taxes | 9903 | €114,709 | €14,632 | -€100,077 | -87.2% |
| Income taxes | 67/77 | €27,798 | €3,650 | -€24,147 | -86.9% |
| Profit (loss) for the period | 9904 | €86,912 | €10,982 | -€75,930 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,912 | €10,982 | -€75,930 | -87.4% |
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 18 October 2026 via checked.be.