YSER: 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.
YSER
Largest movements
- Tangible fixed assets -€1.5m
down €1.5m (-10.1%), from €14.6m to €13.1m
of which Land and buildings: -€1.5m
- Receivables within one year -€178,908
down €178,908 (-11.0%), from €1.6m to €1.4m
of which Other amounts receivable: -€149,412
- Short-term financial debts -€1.3m
down €1.3m (-100.0%), from €1.3m to €0
- Profit (loss) carried forward +€860,645
up €860,645 (+44.6%), from -€1.9m to -€1.1m
- Revaluation surpluses -€545,935
down €545,935 (-21.2%), from €2.6m to €2.0m
- Current portion of long-term debt -€423,624
down €423,624 (-44.3%), from €955,688 to €532,063
- Debts after one year -€308,410
down €308,410 (-3.0%), from €10.2m to €9.9m
of which Financial debts: -€344,563
- Depreciation -€725,311
down €725,311 (-61.1%), from €1.2m to €461,417
- Gross operating margin -€306,692
down €306,692 (-15.6%), from €2.0m to €1.7m
- Financial charges +€139,148
up €139,148 (+100.4%), from €138,573 to €277,721
- Financial income -€52,339
down €52,339 (-98.9%), from €52,908 to €568
of which Financial income: -€52,339
- Staff costs +€36,726
up €36,726 (+425.1%), from €8,640 to €45,365
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
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 | €16,554,787 | €14,761,410 | -€1.8m | -10.8% |
| Fixed assets | 21/28 | €14,574,996 | €13,108,623 | -€1.5m | -10.1% |
| Tangible fixed assets | 22/27 | €14,560,346 | €13,093,973 | -€1.5m | -10.1% |
| Land and buildings | 22 | €14,526,574 | €12,985,943 | -€1.5m | -10.6% |
| Plant, machinery and equipment | 23 | - | €15,129 | +€15,129 | |
| Furniture and vehicles | 24 | €33,772 | €92,901 | +€59,129 | +175.1% |
| Financial fixed assets | 28 | €14,650 | €14,650 | = | 0.0% |
| Current assets | 29/58 | €1,979,791 | €1,652,787 | -€327,004 | -16.5% |
| Amounts receivable within one year | 40/41 | €1,627,360 | €1,448,452 | -€178,908 | -11.0% |
| Trade receivables | 40 | €179,898 | €150,403 | -€29,495 | -16.4% |
| Other amounts receivable | 41 | €1,447,462 | €1,298,049 | -€149,412 | -10.3% |
| Cash at bank and in hand | 54/58 | €349,967 | €196,002 | -€153,965 | -44.0% |
| Deferred charges and accrued income | 490/1 | €2,464 | €8,333 | +€5,869 | +238.2% |
| Total equity and liabilities | 10/49 | €16,554,787 | €14,761,410 | -€1.8m | -10.8% |
| Equity | 10/15 | €2,665,686 | €2,963,351 | +€297,664 | +11.2% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,577,165 | €2,031,231 | -€545,935 | -21.2% |
| Reserves | 13 | €17,045 | €0 | -€17,045 | -100.0% |
| Distributable reserves | 133 | €17,045 | €0 | -€17,045 | -100.0% |
| Profit (loss) carried forward | 14 | -€1,928,525 | -€1,067,880 | +€860,645 | +44.6% |
| Amounts payable | 17/49 | €13,889,101 | €11,798,059 | -€2.1m | -15.1% |
| Amounts payable after more than one year | 17 | €10,198,357 | €9,889,947 | -€308,410 | -3.0% |
| Financial debts | 170/4 | €5,341,039 | €4,996,476 | -€344,563 | -6.5% |
| Other amounts payable | 178/9 | €4,857,318 | €4,893,471 | +€36,153 | +0.7% |
| Amounts payable within one year | 42/48 | €3,690,744 | €1,863,112 | -€1.8m | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €955,688 | €532,063 | -€423,624 | -44.3% |
| Financial debts | 43 | €1,295,000 | €0 | -€1.3m | -100.0% |
| Credit institutions | 430/8 | €1,295,000 | €0 | -€1.3m | -100.0% |
| Trade debts | 44 | €67,808 | €14,868 | -€52,940 | -78.1% |
| Suppliers | 440/4 | €67,808 | €14,868 | -€52,940 | -78.1% |
| Taxes, remuneration and social security | 45 | €39,585 | €39,825 | +€240 | +0.6% |
| Taxes | 450/3 | €35,208 | €37,775 | +€2,567 | +7.3% |
| Remuneration and social security | 454/9 | €4,377 | €2,050 | -€2,327 | -53.2% |
| Other amounts payable | 47/48 | €1,332,663 | €1,276,356 | -€56,307 | -4.2% |
| Accrued charges and deferred income | 492/3 | - | €45,000 | +€45,000 | |
| Non-recurring operating income | 76A | €1,732,009 | €1,493,505 | -€238,505 | -13.8% |
| Remuneration, social security and pensions | 62 | €8,640 | €45,365 | +€36,726 | +425.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,186,728 | €461,417 | -€725,311 | -61.1% |
| Other operating charges | 640/8 | €36,732 | €35,075 | -€1,657 | -4.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,970,876 | €1,664,184 | -€306,692 | -15.6% |
| Operating profit (loss) | 9901 | €738,776 | €1,122,327 | +€383,551 | +51.9% |
| Financial income | 75/76B | €52,908 | €568 | -€52,339 | -98.9% |
| Recurring financial income | 75 | €52,908 | €568 | -€52,339 | -98.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €138,573 | €277,721 | +€139,148 | +100.4% |
| Recurring financial charges | 65 | €138,573 | €277,721 | +€139,148 | +100.4% |
| Profit (loss) for the period before taxes | 9903 | €653,111 | €845,174 | +€192,063 | +29.4% |
| Income taxes | 67/77 | €996 | €1,575 | +€579 | +58.2% |
| Profit (loss) for the period | 9904 | €652,115 | €843,599 | +€191,484 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €652,115 | €843,599 | +€191,484 | +29.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.