CASE YELLOW: 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.
CASE YELLOW
Largest movements
- Tangible fixed assets +€4.1m
up €4.1m (+243.9%), from €1.7m to €5.8m
- Revaluation surpluses +€4.1m
up €4.1m (+2072.1%), from €199,339 to €4.3m
- Profit (loss) carried forward -€84,476
down €84,476 (-132.1%), from -€63,961 to -€148,436
- Gross operating margin -€64,715
down €64,715 (-42.0%), from €154,220 to €89,505
- Depreciation +€34,409
up €34,409 (+46.6%), from €73,907 to €108,315
- Taxes -€6,829
down €6,829 (-99.2%), from €6,885 to €56
- Financial charges +€2,706
up €2,706 (+5.2%), from €52,018 to €54,724
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,820,381 | €5,935,190 | +€4.1m | +226.0% |
| Fixed assets | 21/28 | €1,692,883 | €5,821,000 | +€4.1m | +243.9% |
| Tangible fixed assets | 22/27 | €1,692,883 | €5,821,000 | +€4.1m | +243.9% |
| Land and buildings | 22 | €1,692,883 | €5,821,000 | +€4.1m | +243.9% |
| Current assets | 29/58 | €127,498 | €114,190 | -€13,308 | -10.4% |
| Amounts receivable within one year | 40/41 | €66 | €67 | +€1 | +2.0% |
| Other amounts receivable | 41 | €66 | €67 | +€1 | +2.0% |
| Cash at bank and in hand | 54/58 | €126,839 | €114,123 | -€12,716 | -10.0% |
| Deferred charges and accrued income | 490/1 | €594 | - | -€594 | |
| Total equity and liabilities | 10/49 | €1,820,381 | €5,935,190 | +€4.1m | +226.0% |
| Equity | 10/15 | €433,416 | €4,479,373 | +€4.0m | +933.5% |
| Contributions | 10/11 | €293,510 | €293,510 | = | 0.0% |
| Revaluation surpluses | 12 | €199,339 | €4,329,771 | +€4.1m | +2072.1% |
| Reserves | 13 | €4,528 | €4,528 | = | 0.0% |
| Distributable reserves | 133 | €4,528 | €4,528 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,961 | -€148,436 | -€84,476 | -132.1% |
| Amounts payable | 17/49 | €1,386,965 | €1,455,817 | +€68,852 | +5.0% |
| Amounts payable within one year | 42/48 | €1,386,965 | €1,455,817 | +€68,852 | +5.0% |
| Financial debts | 43 | €1,345,000 | €1,395,000 | +€50,000 | +3.7% |
| Credit institutions | 430/8 | €1,345,000 | €1,395,000 | +€50,000 | +3.7% |
| Trade debts | 44 | €2,635 | €130 | -€2,505 | -95.1% |
| Suppliers | 440/4 | €2,635 | €130 | -€2,505 | -95.1% |
| Taxes, remuneration and social security | 45 | €19,322 | €936 | -€18,386 | -95.2% |
| Taxes | 450/3 | €19,322 | €936 | -€18,386 | -95.2% |
| Other amounts payable | 47/48 | €20,008 | €59,751 | +€39,743 | +198.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,907 | €108,315 | +€34,409 | +46.6% |
| Other operating charges | 640/8 | €12,550 | €11,071 | -€1,479 | -11.8% |
| Gross operating margin | 9900 | €154,220 | €89,505 | -€64,715 | -42.0% |
| Operating profit (loss) | 9901 | €67,763 | -€29,882 | -€97,645 | |
| Financial income | 75/76B | €37 | €186 | +€149 | +396.8% |
| Recurring financial income | 75 | €37 | €186 | +€149 | +396.8% |
| Financial charges | 65/66B | €52,018 | €54,724 | +€2,706 | +5.2% |
| Recurring financial charges | 65 | €52,018 | €54,724 | +€2,706 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €15,782 | -€84,420 | -€100,202 | |
| Income taxes | 67/77 | €6,885 | €56 | -€6,829 | -99.2% |
| Profit (loss) for the period | 9904 | €8,897 | -€84,476 | -€93,373 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,897 | -€84,476 | -€93,373 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.