YVFI: 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.
YVFI
Largest movements
- Tangible fixed assets -€949,215
down €949,215 (-10.9%), from €8.7m to €7.8m
of which Land and buildings: -€910,292
- Receivables after one year +€482,565
up €482,565 (+48.4%), from €997,500 to €1.5m
- Other debts -€1.3m
down €1.3m (-95.2%), from €1.4m to €66,642
- Debts after one year +€1.3m
up €1.3m (+79.1%), from €1.7m to €3.0m
of which Other amounts payable: +€1.7m
- Short-term financial debts -€339,480
down €339,480 (-60.4%), from €561,731 to €222,251
- Gross operating margin +€142,068
up €142,068 (+162.2%), from €87,592 to €229,660
- Write-downs +€38,750
new in 2025: €38,750
- Financial charges -€23,151
down €23,151 (-20.4%), from €113,264 to €90,113
- Depreciation -€14,354
down €14,354 (-6.8%), from €210,888 to €196,535
- Financial income -€9,865
down €9,865 (-24.7%), from €39,900 to €30,035
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,573,093 | €11,075,647 | -€497,446 | -4.3% |
| Fixed assets | 21/28 | €10,492,226 | €9,543,011 | -€949,215 | -9.0% |
| Tangible fixed assets | 22/27 | €8,728,226 | €7,779,011 | -€949,215 | -10.9% |
| Land and buildings | 22 | €8,646,089 | €7,735,797 | -€910,292 | -10.5% |
| Plant, machinery and equipment | 23 | €41,539 | €19,718 | -€21,821 | -52.5% |
| Furniture and vehicles | 24 | €40,597 | €23,496 | -€17,102 | -42.1% |
| Financial fixed assets | 28 | €1,764,000 | €1,764,000 | = | 0.0% |
| Current assets | 29/58 | €1,080,867 | €1,532,636 | +€451,769 | +41.8% |
| Amounts receivable after more than one year | 29 | €997,500 | €1,480,065 | +€482,565 | +48.4% |
| Other amounts receivable | 291 | €997,500 | €1,480,065 | +€482,565 | +48.4% |
| Amounts receivable within one year | 40/41 | €82,906 | €52,251 | -€30,656 | -37.0% |
| Trade receivables | 40 | €7,356 | €8,045 | +€690 | +9.4% |
| Other amounts receivable | 41 | €75,551 | €44,206 | -€31,345 | -41.5% |
| Current investments | 50/53 | €1 | - | -€1 | |
| Deferred charges and accrued income | 490/1 | €460 | €321 | -€140 | -30.3% |
| Total equity and liabilities | 10/49 | €11,573,093 | €11,075,647 | -€497,446 | -4.3% |
| Equity | 10/15 | €7,785,031 | €7,696,808 | -€88,223 | -1.1% |
| Contributions | 10/11 | €2,656,337 | €2,656,337 | = | 0.0% |
| Reserves | 13 | €5,128,694 | €5,040,471 | -€88,223 | -1.7% |
| Non-distributable reserves | 130/1 | €2,882 | €2,882 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,882 | €2,882 | = | 0.0% |
| Distributable reserves | 133 | €5,125,812 | €5,037,589 | -€88,223 | -1.7% |
| Amounts payable | 17/49 | €3,788,062 | €3,378,840 | -€409,223 | -10.8% |
| Amounts payable after more than one year | 17 | €1,656,939 | €2,967,504 | +€1.3m | +79.1% |
| Financial debts | 170/4 | €1,148,939 | €731,285 | -€417,653 | -36.4% |
| Other amounts payable | 178/9 | €508,000 | €2,236,219 | +€1.7m | +340.2% |
| Amounts payable within one year | 42/48 | €2,129,123 | €409,336 | -€1.7m | -80.8% |
| Current portion of amounts payable after more than one year | 42 | €153,192 | €97,921 | -€55,271 | -36.1% |
| Financial debts | 43 | €561,731 | €222,251 | -€339,480 | -60.4% |
| Credit institutions | 430/8 | €561,731 | €222,251 | -€339,480 | -60.4% |
| Trade debts | 44 | €24,987 | €22,111 | -€2,876 | -11.5% |
| Suppliers | 440/4 | €24,987 | €22,111 | -€2,876 | -11.5% |
| Taxes, remuneration and social security | 45 | €10,825 | €410 | -€10,415 | -96.2% |
| Taxes | 450/3 | €10,825 | €410 | -€10,415 | -96.2% |
| Other amounts payable | 47/48 | €1,378,388 | €66,642 | -€1.3m | -95.2% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Non-recurring operating income | 76A | €50,075 | €186,625 | +€136,551 | +272.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,888 | €196,535 | -€14,354 | -6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €38,750 | +€38,750 | |
| Other operating charges | 640/8 | €13,398 | €17,076 | +€3,679 | +27.5% |
| Non-recurring operating charges | 66A | €2,420 | €255 | -€2,165 | -89.5% |
| Gross operating margin | 9900 | €87,592 | €229,660 | +€142,068 | +162.2% |
| Operating profit (loss) | 9901 | -€139,113 | -€22,956 | +€116,157 | +83.5% |
| Financial income | 75/76B | €39,900 | €30,035 | -€9,865 | -24.7% |
| Recurring financial income | 75 | €39,900 | €30,035 | -€9,865 | -24.7% |
| Financial charges | 65/66B | €113,264 | €90,113 | -€23,151 | -20.4% |
| Recurring financial charges | 65 | €113,264 | €90,113 | -€23,151 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€212,477 | -€83,034 | +€129,443 | +60.9% |
| Income taxes | 67/77 | €253 | €5,189 | +€4,936 | +1952.8% |
| Profit (loss) for the period | 9904 | -€212,730 | -€88,223 | +€124,507 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€212,730 | -€88,223 | +€124,507 | +58.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.