SBL YELENA: what changed
SBL YELENA
Largest movements
- Receivables within one year +€184,054
up €184,054 (+377%), from €48,830 to €232,885
of which Trade receivables: +€182,716
- Stocks and contracts +€156,167
up €156,167 (+256%), from €61,000 to €217,167
- Cash -€141,625
down €141,625 (-91.9%), from €154,081 to €12,456
mainly Receivables within one year (-€184,054) and Stocks and contracts (-€156,167)
- Tangible fixed assets -€20,836
down €20,836 (-4.1%), from €504,826 to €483,990
of which Land and buildings: -€14,774
- Trade debts +€90,411
up €90,411 (+174%), from €51,972 to €142,383
- Profit (loss) carried forward +€59,590
up €59,590 (+51.7%), from -€115,264 to -€55,673
- Other debts +€26,624
up €26,624 (+27.5%), from €96,946 to €123,570
- Gross operating margin +€169,015
up €169,015, from -€8,719 to €160,297
- Staff costs -€12,911
down €12,911 (-20.0%), from €64,488 to €51,576
- Other operating charges +€3,774
up €3,774 (+176%), from €2,143 to €5,918
- Financial charges +€1,818
up €1,818 (+177%), from €1,025 to €2,843
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €768,738 | €948,784 | +€180,046 | +23.4% |
| Fixed assets | 21/28 | €504,826 | €483,990 | -€20,836 | -4.1% |
| Tangible fixed assets | 22/27 | €504,826 | €483,990 | -€20,836 | -4.1% |
| Land and buildings | 22 | €475,793 | €461,019 | -€14,774 | -3.1% |
| Furniture and vehicles | 24 | €27,207 | €21,434 | -€5,773 | -21.2% |
| Other tangible fixed assets | 26 | €1,825 | €1,537 | -€288 | -15.8% |
| Current assets | 29/58 | €263,912 | €464,793 | +€200,881 | +76.1% |
| Stocks and contracts in progress | 3 | €61,000 | €217,167 | +€156,167 | +256% |
| Stocks | 30/36 | €61,000 | €217,167 | +€156,167 | +256% |
| Amounts receivable within one year | 40/41 | €48,830 | €232,885 | +€184,054 | +377% |
| Trade receivables | 40 | €32,981 | €215,697 | +€182,716 | +554% |
| Other amounts receivable | 41 | €15,849 | €17,188 | +€1,339 | +8.4% |
| Cash at bank and in hand | 54/58 | €154,081 | €12,456 | -€141,625 | -91.9% |
| Deferred charges and accrued income | 490/1 | - | €2,286 | +€2,286 | |
| Total equity and liabilities | 10/49 | €768,738 | €948,784 | +€180,046 | +23.4% |
| Equity | 10/15 | -€37,914 | €21,677 | +€59,590 | |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,264 | -€55,673 | +€59,590 | +51.7% |
| Amounts payable | 17/49 | €806,652 | €927,107 | +€120,455 | +14.9% |
| Amounts payable after more than one year | 17 | €650,000 | €650,000 | = | 0.0% |
| Other amounts payable | 178/9 | €650,000 | €650,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €156,652 | €277,107 | +€120,455 | +76.9% |
| Trade debts | 44 | €51,972 | €142,383 | +€90,411 | +174% |
| Suppliers | 440/4 | €51,972 | €142,383 | +€90,411 | +174% |
| Advances received on contracts in progress | 46 | €659 | - | -€659 | |
| Taxes, remuneration and social security | 45 | €7,075 | €11,154 | +€4,080 | +57.7% |
| Remuneration and social security | 454/9 | €7,075 | €11,154 | +€4,080 | +57.7% |
| Other amounts payable | 47/48 | €96,946 | €123,570 | +€26,624 | +27.5% |
| Non-recurring operating income | 76A | €11,287 | - | -€11,287 | |
| Remuneration, social security and pensions | 62 | €64,488 | €51,576 | -€12,911 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,794 | €24,046 | +€252 | +1.1% |
| Other operating charges | 640/8 | €2,143 | €5,918 | +€3,774 | +176% |
| Non-recurring operating charges | 66A | - | €16,324 | +€16,324 | |
| Gross operating margin | 9900 | -€8,719 | €160,297 | +€169,015 | |
| Operating profit (loss) | 9901 | -€99,144 | €62,433 | +€161,576 | |
| Financial income | 75/76B | €156 | €1 | -€155 | -99.4% |
| Recurring financial income | 75 | €156 | €1 | -€155 | -99.4% |
| Financial charges | 65/66B | €1,025 | €2,843 | +€1,818 | +177% |
| Recurring financial charges | 65 | €1,025 | €2,843 | +€1,818 | +177% |
| Profit (loss) for the period before taxes | 9903 | -€100,013 | €59,590 | +€159,603 | |
| Income taxes | 67/77 | -€1,391 | - | +€1,391 | |
| Profit (loss) for the period | 9904 | -€98,622 | €59,590 | +€158,213 | |
| Profit (loss) for the period to be appropriated | 9905 | -€98,622 | €59,590 | +€158,213 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.