YVH: what changed
What changed
YVH
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€134,225
2024 · €144,867-€10,643
Equity
€324,551
2024 · €339,326-€14,775
Cash
€239,454
2024 · €159,882+€79,572
Balance sheet total
€996,982
2024 · €1.0m-€3,576
Largest movements
Assets
- Receivables within one year -€270,039
down €270,039 (-50.1%), from €538,758 to €268,719
of which Trade receivables: -€274,684
- Stocks and contracts +€188,405
up €188,405 (+70.3%), from €267,850 to €456,255
of which Contracts in progress: +€158,456
- Cash +€79,572
up €79,572 (+49.8%), from €159,882 to €239,454
mainly Receivables within one year (+€270,039) and Net result for the year (+€134,225)
Equity and liabilities
- Trade debts +€26,492
up €26,492 (+34.3%), from €77,232 to €103,723
- Other debts -€16,653
down €16,653 (-3.0%), from €553,235 to €536,582
- Reserves -€14,775
down €14,775 (-4.4%), from €333,126 to €318,351
Income statement
- Staff costs +€24,248
up €24,248 (+18.5%), from €131,121 to €155,369
- Depreciation -€10,392
down €10,392 (-39.8%), from €26,134 to €15,743
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
€144,867
Gross operating margin
+€2,503
Staff costs
-€24,248
Depreciation
+€10,392
Other operating charges
-€1,026
Financial income
+€92
Financial charges
-€1,494
Taxes
+€3,139
Result 2025
€134,225
raises the resultlowers the result
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
+€249,184
Investment
-€20,612
Financing
-€149,000
Cash 2024
€159,882
From operations (derived)
+€249,184
Net result for the year
+€134,225
Depreciation
+€15,743
Stocks and contracts
-€188,405
Receivables within one year
+€270,039
Deferred charges and accrued income
+€6,384
Trade debts
+€26,492
Tax, wage and social debts
+€145
Other debts
-€16,653
Accrued charges and deferred income
+€1,216
Investment (derived)
-€20,612
Investment in fixed assets (net)
-€20,612
Financing
-€149,000
Contributions, distributions and other
-€149,000
Cash 2025
€239,454
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,000,558 | €996,982 | -€3,576 | -0.4% |
| Fixed assets | 21/28 | €22,391 | €27,260 | +€4,869 | +21.7% |
| Tangible fixed assets | 22/27 | €22,391 | €27,260 | +€4,869 | +21.7% |
| Plant, machinery and equipment | 23 | €7,851 | €22,458 | +€14,607 | +186% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €14,541 | €4,802 | -€9,738 | -67.0% |
| Current assets | 29/58 | €978,167 | €969,721 | -€8,445 | -0.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €267,850 | €456,255 | +€188,405 | +70.3% |
| Stocks | 30/36 | €107,350 | €137,299 | +€29,949 | +27.9% |
| Contracts in progress | 37 | €160,500 | €318,956 | +€158,456 | +98.7% |
| Amounts receivable within one year | 40/41 | €538,758 | €268,719 | -€270,039 | -50.1% |
| Trade receivables | 40 | €461,831 | €187,147 | -€274,684 | -59.5% |
| Other amounts receivable | 41 | €76,927 | €81,572 | +€4,645 | +6.0% |
| Cash at bank and in hand | 54/58 | €159,882 | €239,454 | +€79,572 | +49.8% |
| Deferred charges and accrued income | 490/1 | €11,677 | €5,293 | -€6,384 | -54.7% |
| Total equity and liabilities | 10/49 | €1,000,558 | €996,982 | -€3,576 | -0.4% |
| Equity | 10/15 | €339,326 | €324,551 | -€14,775 | -4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €333,126 | €318,351 | -€14,775 | -4.4% |
| Distributable reserves | 133 | €333,126 | €318,351 | -€14,775 | -4.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €661,232 | €672,431 | +€11,199 | +1.7% |
| Amounts payable within one year | 42/48 | €638,343 | €648,326 | +€9,983 | +1.6% |
| Trade debts | 44 | €77,232 | €103,723 | +€26,492 | +34.3% |
| Suppliers | 440/4 | €77,232 | €103,723 | +€26,492 | +34.3% |
| Taxes, remuneration and social security | 45 | €7,876 | €8,020 | +€145 | +1.8% |
| Taxes | 450/3 | €2,546 | €2,546 | = | 0.0% |
| Remuneration and social security | 454/9 | €5,330 | €5,474 | +€145 | +2.7% |
| Other amounts payable | 47/48 | €553,235 | €536,582 | -€16,653 | -3.0% |
| Accrued charges and deferred income | 492/3 | €22,889 | €24,105 | +€1,216 | +5.3% |
| Remuneration, social security and pensions | 62 | €131,121 | €155,369 | +€24,248 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,134 | €15,743 | -€10,392 | -39.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,453 | €2,479 | +€1,026 | +70.6% |
| Gross operating margin | 9900 | €348,513 | €351,016 | +€2,503 | +0.7% |
| Operating profit (loss) | 9901 | €189,804 | €177,425 | -€12,379 | -6.5% |
| Financial income | 75/76B | €2,382 | €2,474 | +€92 | +3.9% |
| Recurring financial income | 75 | €2,382 | €2,474 | +€92 | +3.9% |
| Financial charges | 65/66B | €14,773 | €16,267 | +€1,494 | +10.1% |
| Recurring financial charges | 65 | €14,773 | €16,267 | +€1,494 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €177,413 | €163,632 | -€13,782 | -7.8% |
| Income taxes | 67/77 | €32,546 | €29,407 | -€3,139 | -9.6% |
| Profit (loss) for the period | 9904 | €144,867 | €134,225 | -€10,643 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €144,867 | €134,225 | -€10,643 | -7.3% |
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 4 November 2026 via checked.be.