YVENS GALVAN: 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.
YVENS GALVAN
Largest movements
- Cash -€220,754
down €220,754 (-96.9%), from €227,873 to €7,119
mainly Net result for the year (-€175,295) and Other debts (-€120,000)
- Receivables within one year -€163,120
down €163,120 (-94.5%), from €172,592 to €9,472
of which Trade receivables: -€157,195
- Tangible fixed assets -€43,165
down €43,165 (-39.6%), from €109,124 to €65,959
of which Plant, machinery and equipment: -€33,421
- Stocks and contracts +€25,057
up €25,057 (+34.9%), from €71,696 to €96,753
- Intangible fixed assets +€9,471
new in 2025: €9,471
- Reserves -€172,016
down €172,016 (-85.9%), from €200,206 to €28,190
of which Distributable reserves: -€172,016
- Other debts -€120,000
down €120,000 (-80.0%), from €150,000 to €30,000
- Trade debts -€58,912
down €58,912 (-42.7%), from €137,831 to €78,919
- Tax, wage and social debts -€38,258
down €38,258 (-79.1%), from €48,394 to €10,137
of which Remuneration and social security: -€28,302
- Gross operating margin -€284,555
down €284,555 (-56.0%), from €507,792 to €223,237
- Staff costs -€143,795
down €143,795 (-36.2%), from €397,182 to €253,386
- Taxes -€11,681
down €11,681 (-96.9%), from €12,057 to €376
- Depreciation +€5,672
up €5,672 (+11.3%), from €50,015 to €55,687
- Financial charges -€5,104
down €5,104 (-42.2%), from €12,096 to €6,992
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 | €598,977 | €206,466 | -€392,511 | -65.5% |
| Fixed assets | 21/28 | €109,124 | €75,429 | -€33,694 | -30.9% |
| Intangible fixed assets | 21 | - | €9,471 | +€9,471 | |
| Tangible fixed assets | 22/27 | €109,124 | €65,959 | -€43,165 | -39.6% |
| Land and buildings | 22 | €5,847 | €3,041 | -€2,806 | -48.0% |
| Plant, machinery and equipment | 23 | €72,848 | €39,427 | -€33,421 | -45.9% |
| Furniture and vehicles | 24 | €30,429 | €23,491 | -€6,938 | -22.8% |
| Current assets | 29/58 | €489,854 | €131,037 | -€358,817 | -73.2% |
| Stocks and contracts in progress | 3 | €71,696 | €96,753 | +€25,057 | +34.9% |
| Stocks | 30/36 | €71,696 | €96,753 | +€25,057 | +34.9% |
| Amounts receivable within one year | 40/41 | €172,592 | €9,472 | -€163,120 | -94.5% |
| Trade receivables | 40 | €157,739 | €544 | -€157,195 | -99.7% |
| Other amounts receivable | 41 | €14,853 | €8,928 | -€5,925 | -39.9% |
| Current investments | 50/53 | €17,693 | €17,693 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €227,873 | €7,119 | -€220,754 | -96.9% |
| Total equity and liabilities | 10/49 | €598,977 | €206,466 | -€392,511 | -65.5% |
| Equity | 10/15 | €262,706 | €87,411 | -€175,295 | -66.7% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €200,206 | €28,190 | -€172,016 | -85.9% |
| Non-distributable reserves | 130/1 | €25,232 | €25,232 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,289 | €1,289 | = | 0.0% |
| Own shares acquired | 1312 | €17,693 | €17,693 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,958 | €2,958 | = | 0.0% |
| Distributable reserves | 133 | €172,016 | €0 | -€172,016 | -100% |
| Profit (loss) carried forward | 14 | - | -€3,279 | -€3,279 | |
| Amounts payable | 17/49 | €336,272 | €119,056 | -€217,216 | -64.6% |
| Amounts payable within one year | 42/48 | €336,225 | €119,056 | -€217,169 | -64.6% |
| Trade debts | 44 | €137,831 | €78,919 | -€58,912 | -42.7% |
| Suppliers | 440/4 | €137,831 | €78,919 | -€58,912 | -42.7% |
| Taxes, remuneration and social security | 45 | €48,394 | €10,137 | -€38,258 | -79.1% |
| Taxes | 450/3 | €10,331 | €376 | -€9,955 | -96.4% |
| Remuneration and social security | 454/9 | €38,063 | €9,761 | -€28,302 | -74.4% |
| Other amounts payable | 47/48 | €150,000 | €30,000 | -€120,000 | -80.0% |
| Accrued charges and deferred income | 492/3 | €46 | €0 | -€46 | -100% |
| Remuneration, social security and pensions | 62 | €397,182 | €253,386 | -€143,795 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,015 | €55,687 | +€5,672 | +11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€744 | €0 | +€744 | |
| Other operating charges | 640/8 | €2,911 | €826 | -€2,085 | -71.6% |
| Non-recurring operating charges | 66A | €8,000 | €82,018 | +€74,018 | +925% |
| Gross operating margin | 9900 | €507,792 | €223,237 | -€284,555 | -56.0% |
| Operating profit (loss) | 9901 | €50,429 | -€168,680 | -€219,110 | |
| Financial income | 75/76B | €991 | €753 | -€239 | -24.1% |
| Recurring financial income | 75 | €991 | €753 | -€239 | -24.1% |
| Financial charges | 65/66B | €12,096 | €6,992 | -€5,104 | -42.2% |
| Recurring financial charges | 65 | €12,096 | €6,992 | -€5,104 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €39,324 | -€174,920 | -€214,244 | |
| Income taxes | 67/77 | €12,057 | €376 | -€11,681 | -96.9% |
| Profit (loss) for the period | 9904 | €27,267 | -€175,295 | -€202,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,267 | -€175,295 | -€202,563 |
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 22 October 2026 via checked.be.