{"id":1804,"date":"2026-03-11T04:08:06","date_gmt":"2026-03-11T01:08:06","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1804"},"modified":"2026-03-12T00:48:23","modified_gmt":"2026-03-11T21:48:23","slug":"yunsa-bilano-analizi-202512-ynsa-ynl-sanayi-ve-ticaret-a","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1804","title":{"rendered":"YUNSA Bilan\u00e7o Analizi 2025\/12 | Y\u00fcnsa Y\u00fcnl\u00fc Sanayi ve Ticaret A.\u015e."},"content":{"rendered":"<p><iframe data-testid=\"embed-iframe\" style=\"border-radius:12px\" src=\"https:\/\/open.spotify.com\/embed\/episode\/1y0Lkai0btzF31y2y8gMdg?utm_source=generator&#038;t=0\" width=\"100%\" height=\"352\" frameBorder=\"0\" allowfullscreen=\"\" allow=\"autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture\" loading=\"lazy\"><\/iframe><\/p>\n<h1>Y\u00fcnsa 2025 Finansal Analizi: Sat\u0131r Aralar\u0131ndaki B\u00fcy\u00fck Strateji<\/h1>\n<h2>1. Giri\u015f: 63 Sayfal\u0131k Raporun Arkas\u0131ndaki Ger\u00e7ek<\/h2>\n<p>Bir \u015firketin ba\u015far\u0131s\u0131n\u0131 sadece &#8220;net k\u00e2r&#8221; rakam\u0131na bakarak anlamaya \u00e7al\u0131\u015fmak, bir buzda\u011f\u0131n\u0131n sadece suyun \u00fczerindeki k\u0131sm\u0131n\u0131 incelemek gibidir; as\u0131l hikaye derinliklerde gizlidir. Y\u00fcnsa&#8217;n\u0131n 10 Mart 2026 tarihinde Sorumlu Denet\u00e7i Kaan Birdal (EY &#8211; G\u00fcney Ba\u011f\u0131ms\u0131z Denetim) imzas\u0131yla yay\u0131mlanan 31 Aral\u0131k 2025 tarihli konsolide finansal raporu, sadece bir tekstil devinin bilan\u00e7osunu de\u011fil, y\u00fcksek enflasyon f\u0131rt\u0131nas\u0131na kar\u015f\u0131 \u00f6r\u00fclm\u00fc\u015f stratejik bir koruma kalkan\u0131n\u0131 temsil ediyor. Bu belge, bir \u015firketin sadece kuma\u015f dokumad\u0131\u011f\u0131n\u0131, ayn\u0131 zamanda de\u011fi\u015fken ekonomik \u015fartlar alt\u0131nda nas\u0131l finansal bir kale in\u015fa etti\u011fini kan\u0131tlayan bir &#8220;adaptasyon manifestosu&#8221; niteli\u011findedir.<\/p>\n<h2>2. K\u00e2r Patlamas\u0131: Rakamlar Ne S\u00f6yl\u00fcyor, Ger\u00e7ek Ne?<\/h2>\n<p>Y\u00fcnsa&#8217;n\u0131n 2025 y\u0131l\u0131 finansal tablolar\u0131nda ilk bak\u0131\u015fta g\u00f6ze \u00e7arpan %689&#8217;luk net k\u00e2r art\u0131\u015f\u0131, y\u00fczeysel bir okumayla sadece sat\u0131\u015f ba\u015far\u0131s\u0131 olarak g\u00f6r\u00fclebilir. Ancak k\u00e2r\u0131n kalitesine indi\u011fimizde, 3 milyar TL&#8217;yi a\u015fan has\u0131lat\u0131n &#8220;kontrol\u00fcn devri&#8221; (TFRS 15) ilkesine g\u00f6re titizlikle muhasebele\u015ftirildi\u011fini g\u00f6r\u00fcyoruz. Bu d\u00f6nemde net k\u00e2r\u0131 as\u0131l destekleyen unsur, bilan\u00e7onun enflasyona kar\u015f\u0131 bir &#8220;sigorta&#8221; gibi \u00e7al\u0131\u015fan parasal olmayan kalemleridir. Dipnot 27\u2019de yer alan &#8220;Net Parasal Kazan\u00e7&#8221; rakam\u0131n\u0131n 2024\u2019teki 13,9 milyon TL seviyesinden 153,5 milyon TL&#8217;ye (yakla\u015f\u0131k 11 kat) \u00e7\u0131kmas\u0131, \u015firketin varl\u0131k yap\u0131s\u0131n\u0131 enflasyona kar\u015f\u0131 ne kadar efektif korudu\u011funun en somut g\u00f6stergesidir.<\/p>\n<p><b>Y\u00fcnsa Temel Finansal G\u00f6stergeler Kar\u015f\u0131la\u015ft\u0131rmas\u0131 (TL)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>2025 (Cari D\u00f6nem)<\/td>\n<td>2024 (\u00d6nceki D\u00f6nem)<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat<\/b><\/td>\n<td>3.024.786.029<\/td>\n<td>2.538.379.929<\/td>\n<td>+19,1%<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td>485.545.991<\/td>\n<td>480.478.119<\/td>\n<td>+1,0%<\/td>\n<\/tr>\n<tr>\n<td><b>Net Parasal Kazan\u00e7<\/b><\/td>\n<td>153.578.567<\/td>\n<td>13.970.410<\/td>\n<td>+1.004%<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem K\u00e2r\u0131<\/b><\/td>\n<td>378.465.127<\/td>\n<td>47.967.287<\/td>\n<td>+689,4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>3. Stoklarda &#8220;B\u00fcy\u00fck Temizlik&#8221; Operasyonu<\/h2>\n<p>Raporun Dipnot 9 b\u00f6l\u00fcm\u00fcnde, y\u00f6netimin operasyonel \u00e7evikli\u011fi art\u0131rmak ad\u0131na att\u0131\u011f\u0131 cesur bir ad\u0131m &#8220;ak\u0131ll\u0131ca bir geri \u00e7ekilme&#8221; olarak okunmal\u0131d\u0131r. Y\u00fcksek enflasyon ortam\u0131nda artan stok ta\u015f\u0131ma maliyetlerini y\u00f6netmek amac\u0131yla, yava\u015f hareket eden \u00fcr\u00fcnler i\u00e7in ayr\u0131lan de\u011fer d\u00fc\u015f\u00fckl\u00fc\u011f\u00fc kar\u015f\u0131l\u0131\u011f\u0131 36,7 milyon TL&#8217;den 100,9 milyon TL&#8217;ye \u00e7\u0131kar\u0131lm\u0131\u015ft\u0131r.<\/p>\n<p>&#8220;\u015eirket 2025 y\u0131l\u0131 son \u00e7eyre\u011finde y\u00fcksek enflasyon etkisi ile artan stok ta\u015f\u0131ma maliyetlerini bertaraf edebilmek ad\u0131na yava\u015f hareket eden stoklar\u0131 rekabet\u00e7i fiyat politikalar\u0131 ile satmak ve\/veya de\u011fer d\u00fc\u015f\u00fck kar\u015f\u0131l\u0131\u011f\u0131 ay\u0131rarak daha sa\u011fl\u0131kl\u0131 bir stok yap\u0131s\u0131na ula\u015fmay\u0131 hedeflemi\u015ftir.&#8221; (Dipnot 9)<\/p>\n<p><b>Analist Notu:<\/b> Bu denli b\u00fcy\u00fck bir temizlik operasyonuna ve 100 milyon TL&#8217;yi a\u015fan kar\u015f\u0131l\u0131k bask\u0131s\u0131na ra\u011fmen br\u00fct k\u00e2r\u0131n (485,5 milyon TL) ge\u00e7en y\u0131l\u0131n \u00fczerinde kalmas\u0131, Y\u00fcnsa&#8217;n\u0131n operasyonel verimlili\u011finin ve \u00fcretim disiplininin ne denli diren\u00e7li oldu\u011funu kan\u0131tlamaktad\u0131r. Bu hamle, stok devir h\u0131z\u0131n\u0131 art\u0131rarak likidite rasyolar\u0131n\u0131 orta vadede g\u00fc\u00e7lendirecek stratejik bir temizliktir.<\/p>\n<h2>4. \u0130stihdam ve Ar-Ge: Gelece\u011fe Yat\u0131r\u0131m\u0131n Sessiz Dili<\/h2>\n<p>Ekonomik belirsizlik d\u00f6nemlerinde bir\u00e7ok \u015firket k\u00fc\u00e7\u00fclmeyi tercih ederken, Y\u00fcnsa\u2019n\u0131n hem insan kayna\u011f\u0131na hem de teknolojiye yat\u0131r\u0131m yapmas\u0131 dikkat \u00e7ekicidir. \u015eirketin personel say\u0131s\u0131 bir y\u0131l i\u00e7inde %16,5 oran\u0131nda artarak 805&#8217;ten 938&#8217;e y\u00fckselmi\u015ftir.<\/p>\n<p>Bu b\u00fcy\u00fcme, Dipnot 20&#8217;deki Ar-Ge harcamalar\u0131ndaki istikrarl\u0131 art\u0131\u015fla (11,8 milyon TL&#8217;den 12,4 milyon TL&#8217;ye) desteklenmektedir. Tekstil gibi geleneksel bir sekt\u00f6rde Ar-Ge ve personel say\u0131s\u0131n\u0131n e\u015f zamanl\u0131 artmas\u0131, Y\u00fcnsa\u2019n\u0131n &#8220;hacim odakl\u0131 \u00fcretim&#8221; yerine &#8220;y\u00fcksek katma de\u011ferli ve teknolojik \u00fcretim&#8221; stratejisine sad\u0131k kald\u0131\u011f\u0131n\u0131 g\u00f6stermektedir.<\/p>\n<h2>5. TMS 29 ve Vergi Y\u00f6netimi: Enflasyon Muhasebesi Bir &#8220;Ayna&#8221; m\u0131?<\/h2>\n<p>Ba\u011f\u0131ms\u0131z denet\u00e7ilerin &#8220;Kilit Denetim Konusu&#8221; olarak belirledi\u011fi TMS 29 (Enflasyon Muhasebesi), Y\u00fcnsa i\u00e7in sadece teknik bir zorunluluk de\u011fil, 4,4 milyar TL seviyesindeki \u00f6zkaynaklar\u0131n\u0131 koruma y\u00f6ntemidir. Paran\u0131n sat\u0131n alma g\u00fcc\u00fcndeki erime, bu standart sayesinde tablolara &#8220;ger\u00e7ek de\u011ferler&#8221; \u00fczerinden yans\u0131t\u0131lmaktad\u0131r.<\/p>\n<p>Finansal mimarideki ustal\u0131k vergi y\u00f6netiminde de kendini hissettiriyor. Kar veya Zarar Tablosu\u2019na g\u00f6re \u015firket, 128,7 milyon TL cari d\u00f6nem vergi gideri yazarken, Dipnot 23&#8217;te detayland\u0131r\u0131lan 14,1 milyon TL&#8217;lik &#8220;ertelenmi\u015f vergi geliri&#8221; (y\u00fck\u00fcml\u00fcl\u00fcklerdeki azalma kaynakl\u0131) sayesinde net vergi y\u00fck\u00fcn\u00fc optimize etmi\u015ftir. Bu durum, analist g\u00f6z\u00fcyle bak\u0131ld\u0131\u011f\u0131nda, y\u00f6netimin sadece bug\u00fcnk\u00fc k\u00e2r\u0131 de\u011fil, gelecekteki vergi planlamas\u0131n\u0131 da titizlikle y\u00f6netti\u011fini ortaya koymaktad\u0131r.<\/p>\n<h2>6. Sonu\u00e7: Dokuma Tezgahlar\u0131ndan Finansal Mimariye<\/h2>\n<p>Y\u00fcnsa&#8217;n\u0131n 2025 y\u0131l\u0131 karnesi, \u015firketin ba\u015far\u0131s\u0131n\u0131n sadece kaliteli kuma\u015f \u00fcretmekten ge\u00e7medi\u011fini; y\u00fcksek enflasyon, artan maliyetler ve vergi y\u00f6netimi gibi karma\u015f\u0131k finansal de\u011fi\u015fkenleri birer stratejik araca d\u00f6n\u00fc\u015ft\u00fcrebilme kabiliyetinden beslendi\u011fini g\u00f6steriyor. 3 milyar TL&#8217;lik has\u0131lat ve 378 milyon TL&#8217;lik net k\u00e2r, sadece operasyonel bir sonu\u00e7 de\u011fil; stok temizli\u011fi, etkin TMS 29 uygulamas\u0131 ve stratejik istihdam planlamas\u0131n\u0131n birer meyvesidir.<\/p>\n<p><i>Bir \u015firketin ba\u015far\u0131s\u0131, kasas\u0131ndaki paran\u0131n nominal de\u011feri midir yoksa de\u011fi\u015fen ekonomik \u015fartlara ve enflasyonist bask\u0131lara kar\u015f\u0131 g\u00f6sterdi\u011fi finansal adaptasyon h\u0131z\u0131 m\u0131?<\/i><\/p>\n<p>&nbsp;<\/p>\n<h1>Y\u00fcnsa Y\u00fcnl\u00fc Sanayi ve Ticaret A.\u015e. 2025 Y\u0131l\u0131 Konsolide Finansal Durum ve Ba\u011f\u0131ms\u0131z Denetim Brifingi<\/h1>\n<p>Bu belge, Y\u00fcnsa Y\u00fcnl\u00fc Sanayi ve Ticaret A.\u015e. ve ba\u011fl\u0131 ortakl\u0131klar\u0131n\u0131n (&#8220;Grup&#8221;) 1 Ocak \u2013 31 Aral\u0131k 2025 hesap d\u00f6nemine ait konsolide finansal tablolar\u0131n\u0131 ve ba\u011f\u0131ms\u0131z denet\u00e7i raporunu sentezleyerek kilit bulgular\u0131 sunar.<\/p>\n<h2>1. Y\u00f6netici \u00d6zeti<\/h2>\n<p>Y\u00fcnsa Y\u00fcnl\u00fc Sanayi ve Ticaret A.\u015e. 2025 mali y\u0131l\u0131nda, y\u00fcksek enflasyonlu ekonomi ko\u015fullar\u0131 alt\u0131nda finansal raporlama standartlar\u0131na (TMS 29) uygun olarak ba\u015far\u0131l\u0131 bir performans sergilemi\u015ftir. G\u00fcney Ba\u011f\u0131ms\u0131z Denetim ve SMMM A.\u015e. (EY) taraf\u0131ndan y\u00fcr\u00fct\u00fclen denetim sonucunda, Grup\u2019un finansal tablolar\u0131n\u0131n TFRS\u2019ye uygun olarak t\u00fcm \u00f6nemli y\u00f6nleriyle ger\u00e7e\u011fe uygun bir bi\u00e7imde sunuldu\u011fu (&#8220;Olumlu G\u00f6r\u00fc\u015f&#8221;) teyit edilmi\u015ftir.<\/p>\n<p><b>Kilit Finansal G\u00f6stergeler (31 Aral\u0131k 2025 itibar\u0131yla sat\u0131n alma g\u00fcc\u00fc cinsinden):<\/b><\/p>\n<ul>\n<li><b>Has\u0131lat:<\/b> 3.024.786.029 TL (2024&#8217;e g\u00f6re %19 art\u0131\u015f).<\/li>\n<li><b>Net D\u00f6nem Kar\u0131:<\/b> 378.465.127 TL (2024 y\u0131l\u0131ndaki 47.967.287 TL&#8217;ye oranla yakla\u015f\u0131k 8 kat art\u0131\u015f).<\/li>\n<li><b>Toplam Varl\u0131klar:<\/b> 5.982.678.695 TL.<\/li>\n<li><b>\u00d6zkaynaklar:<\/b> 4.407.653.924 TL.<\/li>\n<li><b>Personel Say\u0131s\u0131:<\/b> 938 ki\u015fi (2024&#8217;te 805 ki\u015fi).<\/li>\n<\/ul>\n<h2>2. Ba\u011f\u0131ms\u0131z Denet\u00e7i G\u00f6r\u00fc\u015f\u00fc ve Metodolojisi<\/h2>\n<p>Ba\u011f\u0131ms\u0131z denetim, G\u00fcney Ba\u011f\u0131ms\u0131z Denetim ve SMMM A.\u015e. (Ernst &amp; Young Global Limited \u00fcye kurulu\u015fu) taraf\u0131ndan Sorumlu Denet\u00e7i Kaan Birdal y\u00f6netiminde y\u00fcr\u00fct\u00fclm\u00fc\u015ft\u00fcr.<\/p>\n<ul>\n<li><b>Denetim G\u00f6r\u00fc\u015f\u00fc:<\/b> Grup\u2019un 31 Aral\u0131k 2025 tarihli konsolide finansal durum tablosu ve ayn\u0131 tarihte sona eren hesap d\u00f6nemine ait performans\u0131, T\u00fcrkiye Finansal Raporlama Standartlar\u0131na (TFRS) uygun bulunmu\u015ftur.<\/li>\n<li><b>Denetim Standartlar\u0131:<\/b> Denetim, Sermaye Piyasas\u0131 Kurulu (SPK) d\u00fczenlemeleri ve Kamu G\u00f6zetimi, Muhasebe ve Denetim Standartlar\u0131 Kurumu (KGK) taraf\u0131ndan yay\u0131mlanan T\u00fcrkiye Denetim Standartlar\u0131na uygun olarak ger\u00e7ekle\u015ftirilmi\u015ftir.<\/li>\n<li><b>\u00d6nceki D\u00f6nem:<\/b> 2024 y\u0131l\u0131 finansal tablolar\u0131 farkl\u0131 bir denetim kurulu\u015fu taraf\u0131ndan denetlenmi\u015f ve 7 Mart 2025 tarihinde olumlu g\u00f6r\u00fc\u015f alm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>3. Kilit Denetim Konular\u0131<\/h2>\n<p>Ba\u011f\u0131ms\u0131z denet\u00e7i, mesleki muhakemeye dayanarak cari d\u00f6nemin en \u00f6nemli iki konusunu belirlemi\u015ftir:<\/p>\n<h3>3.1. Has\u0131lat\u0131n Muhasebele\u015fmesi<\/h3>\n<p>Has\u0131lat, Grup\u2019un en \u00f6nemli performans g\u00f6stergesidir ve a\u011f\u0131rl\u0131kl\u0131 olarak y\u00fcnl\u00fc kuma\u015f ile konfeksiyon \u00fcr\u00fcnleri sat\u0131\u015flar\u0131ndan olu\u015fur.<\/p>\n<ul>\n<li><b>Tespit:<\/b> 2025 d\u00f6neminde 3.024.786.029 TL has\u0131lat elde edilmi\u015ftir.<\/li>\n<li><b>Esaslar:<\/b> Has\u0131lat, TFRS 15 kapsam\u0131nda \u00fcr\u00fcn kontrol\u00fcn\u00fcn m\u00fc\u015fteriye devredildi\u011fi tarihte muhasebele\u015ftirilmektedir.<\/li>\n<li><b>Denetim Prosed\u00fcrleri:<\/b> Sat\u0131\u015f faturalar\u0131, sevk irsaliyeleri ve teslim \u015fartlar\u0131 \u00f6rnekleme y\u00f6ntemiyle test edilmi\u015f; d\u00f6nemsellik ilkesine uygunluk i\u00e7in raporlama tarihine yak\u0131n i\u015flemler analiz edilmi\u015ftir.<\/li>\n<\/ul>\n<h3>3.2. Enflasyon Muhasebesi (TMS 29) Uygulamas\u0131<\/h3>\n<p>T\u00fcrk Liras\u0131\u2019n\u0131n y\u00fcksek enflasyonlu bir ekonomi para birimi olarak de\u011ferlendirilmesi nedeniyle, finansal tablolar 31 Aral\u0131k 2025 tarihi itibar\u0131yla sat\u0131n alma g\u00fcc\u00fc esas\u0131na g\u00f6re d\u00fczeltilmi\u015ftir.<\/p>\n<ul>\n<li><b>Y\u00f6ntem:<\/b> D\u00fczeltme katsay\u0131lar\u0131 T\u00dc\u0130K taraf\u0131ndan yay\u0131mlanan T\u00fcketici Fiyat Endeksi (T\u00dcFE) \u00fczerinden hesaplanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Enflasyon Oranlar\u0131:<\/b> 31 Aral\u0131k 2025 itibar\u0131yla \u00fc\u00e7 y\u0131ll\u0131k bile\u015fik enflasyon oran\u0131 %211 olarak ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<li><b>Net Parasal Kazan\u00e7:<\/b> Enflasyon d\u00fczeltmesi sonucunda Grup, 153.578.567 TL tutar\u0131nda net parasal kazan\u00e7 kaydetmi\u015ftir.<\/li>\n<\/ul>\n<h2>4. Finansal Performans Analizi<\/h2>\n<h3>Konsolide Kar veya Zarar \u00d6zeti (TL)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>1 Ocak &#8211; 31 Aral\u0131k 2025<\/td>\n<td>1 Ocak &#8211; 31 Aral\u0131k 2024<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat<\/b><\/td>\n<td>3.024.786.029<\/td>\n<td>2.538.379.929<\/td>\n<\/tr>\n<tr>\n<td><b>Sat\u0131\u015flar\u0131n Maliyeti<\/b><\/td>\n<td>(2.539.240.038)<\/td>\n<td>(2.057.901.810)<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct Kar<\/b><\/td>\n<td>485.545.991<\/td>\n<td>480.478.119<\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet Kar\u0131<\/b><\/td>\n<td>265.610.059<\/td>\n<td>57.061.992<\/td>\n<\/tr>\n<tr>\n<td><b>Vergi \u00d6ncesi Kar<\/b><\/td>\n<td>493.130.700<\/td>\n<td>205.450.801<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem Kar\u0131<\/b><\/td>\n<td>378.465.127<\/td>\n<td>47.967.287<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>\u00d6nemli Tespitler:<\/b><\/p>\n<ul>\n<li><b>Stok Y\u00f6netimi:<\/b> 2025 y\u0131l\u0131 sonunda yava\u015f hareket eden stoklar i\u00e7in 100.986.127 TL tutar\u0131nda de\u011fer d\u00fc\u015f\u00fckl\u00fc\u011f\u00fc kar\u015f\u0131l\u0131\u011f\u0131 ayr\u0131lm\u0131\u015ft\u0131r. Bu stratejiyle stok ta\u015f\u0131ma maliyetlerinin azalt\u0131lmas\u0131 ve sa\u011fl\u0131kl\u0131 bir stok yap\u0131s\u0131 hedeflenmi\u015ftir.<\/li>\n<li><b>Gider Y\u00f6netimi:<\/b> Pazarlama, sat\u0131\u015f ve da\u011f\u0131t\u0131m giderleri (208,7 milyon TL) ile genel y\u00f6netim giderleri (94,8 milyon TL) \u00f6nceki y\u0131la g\u00f6re reel anlamda d\u00fc\u015f\u00fc\u015f g\u00f6stermi\u015ftir.<\/li>\n<li><b>Ar-Ge Faaliyetleri:<\/b> Ara\u015ft\u0131rma ve geli\u015ftirme giderleri 12,4 milyon TL olarak ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<\/ul>\n<h2>5. Finansal Durum ve Sermaye Yap\u0131s\u0131<\/h2>\n<h3>Konsolide Finansal Durum \u00d6zeti (TL)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Varl\u0131klar \/ Kaynaklar<\/td>\n<td>31 Aral\u0131k 2025<\/td>\n<td>31 Aral\u0131k 2024<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam D\u00f6nen Varl\u0131klar<\/b><\/td>\n<td>2.501.121.612<\/td>\n<td>1.947.769.138<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Duran Varl\u0131klar<\/b><\/td>\n<td>3.481.557.083<\/td>\n<td>3.958.484.850<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td>5.982.678.695<\/td>\n<td>5.906.253.988<\/td>\n<\/tr>\n<tr>\n<td><b>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td>1.055.265.705<\/td>\n<td>866.840.387<\/td>\n<\/tr>\n<tr>\n<td><b>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td>519.759.066<\/td>\n<td>592.656.067<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam \u00d6zkaynaklar<\/b><\/td>\n<td>4.407.653.924<\/td>\n<td>4.446.757.534<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Varl\u0131k ve Y\u00fck\u00fcml\u00fcl\u00fck Detaylar\u0131:<\/b><\/p>\n<ul>\n<li><b>Nakit ve Nakit Benzerleri:<\/b> 552.283.375 TL seviyesindedir. Vadeli mevduatlar\u0131n a\u011f\u0131rl\u0131kl\u0131 ortalama faiz oran\u0131 TL i\u00e7in %38&#8217;dir.<\/li>\n<li><b>Arazi ve Arsalar:<\/b> Yeniden de\u011ferleme modeli uygulanmaktad\u0131r. 2025 y\u0131l\u0131 sonunda arazi ve arsalar\u0131n ger\u00e7e\u011fe uygun de\u011ferinde 474.238.740 TL tutar\u0131nda bir azal\u0131\u015f (de\u011fer d\u00fc\u015f\u00fckl\u00fc\u011f\u00fc) tespit edilmi\u015ftir.<\/li>\n<li><b>Bor\u00e7lanmalar:<\/b> Toplam banka kredileri ve kira bor\u00e7lar\u0131 391.096.498 TL&#8217;dir.<\/li>\n<li><b>Sermaye Yap\u0131s\u0131:<\/b> \u00d6denmi\u015f sermaye 480.000.000 TL&#8217;dir. \u015eirketin ana orta\u011f\u0131 %57,88 pay ile S\u00fcrmeg\u00f6z Tekstil Yat\u0131r\u0131m A.\u015e.&#8217;dir.<\/li>\n<\/ul>\n<h2>6. Operasyonel Yap\u0131 ve Te\u015fvikler<\/h2>\n<ul>\n<li><b>Ba\u011fl\u0131 Ortakl\u0131klar:<\/b> Grup b\u00fcnyesinde tamam\u0131 %100 sahiplikle d\u00f6rt adet yurt d\u0131\u015f\u0131 i\u015ftirak bulunmaktad\u0131r:\n<ul>\n<li>Y\u00fcnsa Germany GmbH (Pazarlama-Sat\u0131\u015f)<\/li>\n<li>Y\u00fcnsa Italia SRL (Kuma\u015f Tasar\u0131m\u0131)<\/li>\n<li>Y\u00fcnsa UK Limited (Pazarlama-Sat\u0131\u015f)<\/li>\n<li>Y\u00fcnsa USA Inc. (Pazarlama-Sat\u0131\u015f)<\/li>\n<\/ul>\n<\/li>\n<li><b>Devlet Te\u015fvikleri:<\/b> Grup, Sanayi ve Ticaret Bakanl\u0131\u011f\u0131 onayl\u0131 bir Ar-Ge merkezine sahiptir. 2025 y\u0131l\u0131 itibar\u0131yla 8,6 milyon TL tutar\u0131nda geli\u015ftirme te\u015fvi\u011fi finansal tablolara yat\u0131r\u0131m maliyetlerini azalt\u0131c\u0131 unsur olarak yans\u0131t\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>\u0130hracat Taahh\u00fcd\u00fc:<\/b> Dahilde i\u015fleme izin belgeleri kapsam\u0131nda 24.702.032 ABD Dolar\u0131 tutar\u0131nda ihracat taahh\u00fcd\u00fc mevcuttur.<\/li>\n<\/ul>\n<h2>7. \u00c7al\u0131\u015fan Faydalar\u0131 ve Akt\u00fceryal Varsay\u0131mlar<\/h2>\n<p>Grup, \u00e7al\u0131\u015fanlar\u0131na y\u00f6nelik k\u0131dem tazminat\u0131 y\u00fck\u00fcml\u00fcl\u00fcklerini akt\u00fceryal y\u00f6ntemlerle hesaplamaktad\u0131r:<\/p>\n<ul>\n<li><b>K\u0131dem Tazminat\u0131 Kar\u015f\u0131l\u0131\u011f\u0131:<\/b> 158.932.439 TL.<\/li>\n<li><b>Akt\u00fceryal Varsay\u0131mlar:<\/b> \u0130skonto oran\u0131 %27,10, enflasyon oran\u0131 %21,50 ve reel iskonto oran\u0131 %4,61 olarak kullan\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>K\u0131dem Tazminat\u0131 Tavan\u0131:<\/b> 31 Aral\u0131k 2025 itibar\u0131yla 64.948,77 TL olarak uygulanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"1804\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Y\u00fcnsa 2025 Y\u0131l\u0131nda Performans\u0131n\u0131 Katlad\u0131: 3 Milyar TL Has\u0131lat ve G\u00fc\u00e7l\u00fc Kar Art\u0131\u015f\u0131!<br \/>\nT\u00fcrkiye tekstil sekt\u00f6r\u00fcn\u00fcn \u00f6nc\u00fc kurulu\u015flar\u0131ndan Y\u00fcnsa, 2025 y\u0131l\u0131 finansal sonu\u00e7lar\u0131n\u0131 a\u00e7\u0131klad\u0131. Enflasyon muhasebesi (TMS 29) uygulanm\u0131\u015f verilere g\u00f6re \u015firket, has\u0131lat\u0131n\u0131 3 milyar TL\u2019nin \u00fczerine ta\u015f\u0131rken, net d\u00f6nem kar\u0131n\u0131 bir \u00f6nceki y\u0131la oranla ciddi bir art\u0131\u015fla 378,5 milyon TL seviyesine y\u00fckseltti.<br \/>\n\u00d6zellikle yurt d\u0131\u015f\u0131 pazarlardaki etkinli\u011fini koruyan Y\u00fcnsa, 1,3 milyar TL\u2019yi a\u015fan ihracat rakam\u0131yla k\u00fcresel oyuncu kimli\u011fini peki\u015ftirdi. \u015eirket, 2025 y\u0131l\u0131nda operasyonel verimlili\u011fe odaklanarak stok yap\u0131s\u0131n\u0131 g\u00fc\u00e7lendirdi ve personel say\u0131s\u0131n\u0131 938\u2019e \u00e7\u0131kararak b\u00fcy\u00fcmesini s\u00fcrd\u00fcrd\u00fc. Ba\u011f\u0131ms\u0131z denetimden &#8220;olumlu&#8221; not alan Y\u00fcnsa, sa\u011flam \u00f6zkaynak yap\u0131s\u0131 ve 5,9 milyar TL&#8217;lik toplam varl\u0131\u011f\u0131yla gelecek d\u00f6neme g\u00fcvenle bak\u0131yor.<br \/>\nTekstil devinin finansal yolculu\u011fundaki t\u00fcm detaylar ve gelecek projeksiyonlar\u0131 analizimizde&#8230;<\/p>\n","protected":false},"author":8,"featured_media":1726,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[295],"class_list":["post-1804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-yunsa"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=1804"}],"version-history":[{"count":3,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1804\/revisions"}],"predecessor-version":[{"id":1839,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1804\/revisions\/1839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/1726"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=1804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}