YVG Hold: 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.
YVG Hold
Largest movements
- Receivables within one year -€142,539
down €142,539 (-78.5%), from €181,576 to €39,037
of which Trade receivables: -€126,683
- Current investments -€47,850
no longer reported in 2025 (was €47,850)
- Tangible fixed assets -€27,602
down €27,602 (-2.2%), from €1.2m to €1.2m
of which Land and buildings: -€30,600
- Cash -€24,767
down €24,767 (-14.3%), from €173,434 to €148,667
mainly Contributions, distributions and other (-€300,000) and Debts after one year (-€122,088)
- Intangible fixed assets +€22,862
new in 2025: €22,862
- Profit (loss) carried forward -€303,880
down €303,880 (-98.5%), from €308,445 to €4,565
- Other debts +€190,697
up €190,697 (+111%), from €171,485 to €362,182
- Debts after one year -€122,088
down €122,088 (-11.5%), from €1.1m to €936,482
of which Other amounts payable: -€100,000
- Tax, wage and social debts -€42,939
down €42,939 (-69.8%), from €61,534 to €18,595
of which Taxes: -€47,664
- Short-term financial debts +€25,238
new in 2025: €25,238
- Gross operating margin -€521,288
down €521,288 (-89.2%), from €584,616 to €63,328
- Taxes -€125,604
down €125,604 (-100.0%), from €125,613 to €9
- Depreciation -€119,170
down €119,170 (-73.6%), from €161,956 to €42,787
- Financial charges +€18,381
up €18,381 (+317%), from €5,797 to €24,178
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 | €1,650,097 | €1,420,872 | -€229,225 | -13.9% |
| Fixed assets | 21/28 | €1,230,488 | €1,225,748 | -€4,740 | -0.4% |
| Intangible fixed assets | 21 | - | €22,862 | +€22,862 | |
| Tangible fixed assets | 22/27 | €1,230,488 | €1,202,886 | -€27,602 | -2.2% |
| Land and buildings | 22 | €1,202,447 | €1,171,847 | -€30,600 | -2.5% |
| Plant, machinery and equipment | 23 | €1,932 | €12,965 | +€11,033 | +571% |
| Furniture and vehicles | 24 | €16,748 | €10,009 | -€6,738 | -40.2% |
| Other tangible fixed assets | 26 | €9,362 | €8,065 | -€1,296 | -13.8% |
| Current assets | 29/58 | €419,609 | €195,124 | -€224,485 | -53.5% |
| Amounts receivable within one year | 40/41 | €181,576 | €39,037 | -€142,539 | -78.5% |
| Trade receivables | 40 | €127,720 | €1,037 | -€126,683 | -99.2% |
| Other amounts receivable | 41 | €53,856 | €38,000 | -€15,856 | -29.4% |
| Current investments | 50/53 | €47,850 | - | -€47,850 | |
| Cash at bank and in hand | 54/58 | €173,434 | €148,667 | -€24,767 | -14.3% |
| Deferred charges and accrued income | 490/1 | €16,749 | €7,420 | -€9,329 | -55.7% |
| Total equity and liabilities | 10/49 | €1,650,097 | €1,420,872 | -€229,225 | -13.9% |
| Equity | 10/15 | €327,045 | €23,165 | -€303,880 | -92.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €308,445 | €4,565 | -€303,880 | -98.5% |
| Amounts payable | 17/49 | €1,323,052 | €1,397,707 | +€74,654 | +5.6% |
| Amounts payable after more than one year | 17 | €1,058,571 | €936,482 | -€122,088 | -11.5% |
| Financial debts | 170/4 | €558,571 | €536,482 | -€22,088 | -4.0% |
| Other amounts payable | 178/9 | €500,000 | €400,000 | -€100,000 | -20.0% |
| Amounts payable within one year | 42/48 | €261,538 | €440,455 | +€178,916 | +68.4% |
| Current portion of amounts payable after more than one year | 42 | €21,429 | €22,088 | +€659 | +3.1% |
| Financial debts | 43 | - | €25,238 | +€25,238 | |
| Credit institutions | 430/8 | - | €25,238 | +€25,238 | |
| Trade debts | 44 | €7,090 | €12,351 | +€5,261 | +74.2% |
| Suppliers | 440/4 | €7,090 | €12,351 | +€5,261 | +74.2% |
| Taxes, remuneration and social security | 45 | €61,534 | €18,595 | -€42,939 | -69.8% |
| Taxes | 450/3 | €61,534 | €13,870 | -€47,664 | -77.5% |
| Remuneration and social security | 454/9 | - | €4,725 | +€4,725 | |
| Other amounts payable | 47/48 | €171,485 | €362,182 | +€190,697 | +111% |
| Accrued charges and deferred income | 492/3 | €2,943 | €20,770 | +€17,826 | +606% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,956 | €42,787 | -€119,170 | -73.6% |
| Other operating charges | 640/8 | €897 | €2,725 | +€1,827 | +204% |
| Gross operating margin | 9900 | €584,616 | €63,328 | -€521,288 | -89.2% |
| Operating profit (loss) | 9901 | €421,762 | €17,817 | -€403,946 | -95.8% |
| Financial income | 75/76B | €8,322 | €2,491 | -€5,832 | -70.1% |
| Recurring financial income | 75 | €8,322 | €2,491 | -€5,832 | -70.1% |
| Financial charges | 65/66B | €5,797 | €24,178 | +€18,381 | +317% |
| Recurring financial charges | 65 | €5,797 | €24,178 | +€18,381 | +317% |
| Profit (loss) for the period before taxes | 9903 | €424,288 | -€3,870 | -€428,158 | |
| Income taxes | 67/77 | €125,613 | €9 | -€125,604 | -100.0% |
| Profit (loss) for the period | 9904 | €298,675 | -€3,880 | -€302,554 | |
| Profit (loss) for the period to be appropriated | 9905 | €298,675 | -€3,880 | -€302,554 |
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 19 October 2026 via checked.be.