YVG: what changed
What changed
YVG
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€64,097
2024 · €52,238+€11,859
Equity
€273,089
2024 · €208,992+€64,097
Cash
€16,717
2024 · €36,083-€19,366
Balance sheet total
€2.0m
2024 · €1.2m+€816,017
Largest movements
Assets
- Financial fixed assets +€825,000
up €825,000 (+435%), from €189,871 to €1.0m
- Tangible fixed assets +€225,612
up €225,612 (+40.7%), from €553,723 to €779,336
of which Land and buildings: +€248,432
- Receivables within one year -€211,231
down €211,231 (-51.5%), from €410,100 to €198,869
of which Other amounts receivable: -€239,137
Equity and liabilities
- Other debts +€397,431
up €397,431 (+97.1%), from €409,387 to €806,817
- Debts after one year +€328,203
up €328,203 (+80.3%), from €408,903 to €737,106
- Reserves +€64,097
up €64,097 (+33.7%), from €190,392 to €254,489
- Current portion of long-term debt +€31,936
up €31,936 (+71.3%), from €44,777 to €76,713
Income statement
- Gross operating margin +€94,011
up €94,011 (+84.0%), from €111,935 to €205,946
- Staff costs +€43,022
up €43,022 (+218%), from €19,764 to €62,786
- Depreciation +€30,295
up €30,295 (+241%), from €12,545 to €42,840
- Financial charges +€12,120
up €12,120 (+64.6%), from €18,754 to €30,874
- Taxes +€11,823
up €11,823 (+4,915%), from €241 to €12,063
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€52,238
Gross operating margin
+€94,011
Staff costs
-€43,022
Depreciation
-€30,295
Other operating charges
-€3,146
Other operating items
+€27,051
Financial income
-€8,797
Financial charges
-€12,120
Taxes
-€11,823
Result 2025
€64,097
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€713,947
Investment
-€1.1m
Financing
+€360,140
Cash 2024
€36,083
From operations (derived)
+€713,947
Net result for the year
+€64,097
Depreciation
+€42,840
Stocks and contracts
+€3,728
Receivables within one year
+€211,231
Smaller working-capital items
+€1,369
Trade debts
-€3,636
Tax, wage and social debts
-€3,114
Other debts
+€397,431
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€360,140
Debts after one year
+€328,203
Current portion of long-term debt
+€31,936
Cash 2025
€16,717
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,195,333 | €2,011,350 | +€816,017 | +68.3% |
| Fixed assets | 21/28 | €743,594 | €1,794,207 | +€1.1m | +141% |
| Tangible fixed assets | 22/27 | €553,723 | €779,336 | +€225,612 | +40.7% |
| Land and buildings | 22 | €430,253 | €678,685 | +€248,432 | +57.7% |
| Plant, machinery and equipment | 23 | €2,409 | €1,431 | -€978 | -40.6% |
| Furniture and vehicles | 24 | €121,061 | €99,220 | -€21,842 | -18.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €189,871 | €1,014,871 | +€825,000 | +435% |
| Current assets | 29/58 | €451,738 | €217,143 | -€234,595 | -51.9% |
| Stocks and contracts in progress | 3 | €3,728 | €0 | -€3,728 | -100% |
| Contracts in progress | 37 | €3,728 | €0 | -€3,728 | -100% |
| Amounts receivable within one year | 40/41 | €410,100 | €198,869 | -€211,231 | -51.5% |
| Trade receivables | 40 | €89,907 | €117,813 | +€27,906 | +31.0% |
| Other amounts receivable | 41 | €320,193 | €81,056 | -€239,137 | -74.7% |
| Cash at bank and in hand | 54/58 | €36,083 | €16,717 | -€19,366 | -53.7% |
| Deferred charges and accrued income | 490/1 | €1,827 | €1,558 | -€270 | -14.8% |
| Total equity and liabilities | 10/49 | €1,195,333 | €2,011,350 | +€816,017 | +68.3% |
| Equity | 10/15 | €208,992 | €273,089 | +€64,097 | +30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €190,392 | €254,489 | +€64,097 | +33.7% |
| Distributable reserves | 133 | €190,392 | €254,489 | +€64,097 | +33.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €986,341 | €1,738,260 | +€751,919 | +76.2% |
| Amounts payable after more than one year | 17 | €408,903 | €737,106 | +€328,203 | +80.3% |
| Financial debts | 170/4 | €408,903 | €737,106 | +€328,203 | +80.3% |
| Amounts payable within one year | 42/48 | €575,852 | €998,469 | +€422,617 | +73.4% |
| Current portion of amounts payable after more than one year | 42 | €44,777 | €76,713 | +€31,936 | +71.3% |
| Trade debts | 44 | €85,986 | €82,350 | -€3,636 | -4.2% |
| Suppliers | 440/4 | €85,986 | €82,350 | -€3,636 | -4.2% |
| Taxes, remuneration and social security | 45 | €35,702 | €32,588 | -€3,114 | -8.7% |
| Taxes | 450/3 | €22,952 | €24,845 | +€1,894 | +8.3% |
| Remuneration and social security | 454/9 | €12,751 | €7,743 | -€5,008 | -39.3% |
| Other amounts payable | 47/48 | €409,387 | €806,817 | +€397,431 | +97.1% |
| Accrued charges and deferred income | 492/3 | €1,586 | €2,685 | +€1,099 | +69.3% |
| Non-recurring operating income | 76A | €0 | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €19,764 | €62,786 | +€43,022 | +218% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,545 | €42,840 | +€30,295 | +241% |
| Other operating charges | 640/8 | €991 | €4,136 | +€3,146 | +318% |
| Non-recurring operating charges | 66A | €27,051 | €0 | -€27,051 | -100% |
| Gross operating margin | 9900 | €111,935 | €205,946 | +€94,011 | +84.0% |
| Operating profit (loss) | 9901 | €51,584 | €96,183 | +€44,599 | +86.5% |
| Financial income | 75/76B | €19,649 | €10,852 | -€8,797 | -44.8% |
| Recurring financial income | 75 | €19,649 | €10,852 | -€8,797 | -44.8% |
| Financial charges | 65/66B | €18,754 | €30,874 | +€12,120 | +64.6% |
| Recurring financial charges | 65 | €18,754 | €30,874 | +€12,120 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | €52,479 | €76,161 | +€23,682 | +45.1% |
| Income taxes | 67/77 | €241 | €12,063 | +€11,823 | +4,915% |
| Profit (loss) for the period | 9904 | €52,238 | €64,097 | +€11,859 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,238 | €64,097 | +€11,859 | +22.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.