YEL CONSULTING: what changed
Two financial 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.
YEL CONSULTING
Largest movements
- Current investments -€344,957
down €344,957 (-48.3%), from €714,564 to €369,606
- Cash +€343,965
up €343,965 (+290%), from €118,551 to €462,516
mainly Other debts (+€879,370) and Current investments (+€344,957)
- Receivables after one year -€316,312
down €316,312 (-95.9%), from €330,000 to €13,688
- Receivables within one year +€149,627
up €149,627 (+238%), from €62,758 to €212,385
of which Other amounts receivable: +€147,286
- Tangible fixed assets +€75,503
up €75,503 (+11.2%), from €675,439 to €750,943
of which Land and buildings: +€94,777
- Other debts +€879,370
up €879,370 (+73,343%), from €1,199 to €880,569
- Reserves -€775,884
down €775,884 (-78.4%), from €990,000 to €214,116
- Profit (loss) carried forward -€372,132
down €372,132 (-100%), from €372,132 to €0
- Debts after one year +€81,464
up €81,464 (+16.4%), from €497,512 to €578,976
- Tax, wage and social debts +€76,615
up €76,615 (+695%), from €11,025 to €87,640
- Gross operating margin +€117,954
up €117,954 (+56.1%), from €210,143 to €328,097
- Taxes +€47,759
up €47,759 (+140%), from €34,095 to €81,855
- Depreciation +€15,938
up €15,938 (+32.0%), from €49,755 to €65,693
- Financial income -€7,454
down €7,454 (-25.7%), from €28,950 to €21,496
- Other operating charges +€5,562
up €5,562 (+68.2%), from €8,155 to €13,717
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.
Derived cash bridge
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 | €1,905,629 | €1,813,746 | -€91,883 | -4.8% |
| Fixed assets | 21/28 | €679,239 | €754,743 | +€75,503 | +11.1% |
| Tangible fixed assets | 22/27 | €675,439 | €750,943 | +€75,503 | +11.2% |
| Land and buildings | 22 | €604,487 | €699,264 | +€94,777 | +15.7% |
| Plant, machinery and equipment | 23 | €1,371 | €2,151 | +€780 | +56.9% |
| Furniture and vehicles | 24 | €68,336 | €48,457 | -€19,879 | -29.1% |
| Leasing and similar rights | 25 | €1,245 | €1,070 | -€175 | -14.1% |
| Financial fixed assets | 28 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €1,226,390 | €1,059,004 | -€167,386 | -13.6% |
| Amounts receivable after more than one year | 29 | €330,000 | €13,688 | -€316,312 | -95.9% |
| Trade receivables | 290 | €330,000 | €13,688 | -€316,312 | -95.9% |
| Amounts receivable within one year | 40/41 | €62,758 | €212,385 | +€149,627 | +238% |
| Trade receivables | 40 | €0 | €2,341 | +€2,341 | |
| Other amounts receivable | 41 | €62,758 | €210,044 | +€147,286 | +235% |
| Current investments | 50/53 | €714,564 | €369,606 | -€344,957 | -48.3% |
| Cash at bank and in hand | 54/58 | €118,551 | €462,516 | +€343,965 | +290% |
| Deferred charges and accrued income | 490/1 | €517 | €808 | +€291 | +56.3% |
| Total equity and liabilities | 10/49 | €1,905,629 | €1,813,746 | -€91,883 | -4.8% |
| Equity | 10/15 | €1,363,132 | €215,116 | -€1.1m | -84.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €990,000 | €214,116 | -€775,884 | -78.4% |
| Distributable reserves | 133 | €990,000 | €214,116 | -€775,884 | -78.4% |
| Profit (loss) carried forward | 14 | €372,132 | €0 | -€372,132 | -100% |
| Amounts payable | 17/49 | €542,497 | €1,598,630 | +€1.1m | +195% |
| Amounts payable after more than one year | 17 | €497,512 | €578,976 | +€81,464 | +16.4% |
| Financial debts | 170/4 | €497,512 | €578,976 | +€81,464 | +16.4% |
| Amounts payable within one year | 42/48 | €44,905 | €1,019,654 | +€974,749 | +2,171% |
| Current portion of amounts payable after more than one year | 42 | €26,469 | €43,272 | +€16,803 | +63.5% |
| Trade debts | 44 | €6,213 | €8,174 | +€1,961 | +31.6% |
| Suppliers | 440/4 | €6,213 | €8,174 | +€1,961 | +31.6% |
| Taxes, remuneration and social security | 45 | €11,025 | €87,640 | +€76,615 | +695% |
| Taxes | 450/3 | €11,025 | €87,640 | +€76,615 | +695% |
| Other amounts payable | 47/48 | €1,199 | €880,569 | +€879,370 | +73,343% |
| Accrued charges and deferred income | 492/3 | €80 | €0 | -€80 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,755 | €65,693 | +€15,938 | +32.0% |
| Other operating charges | 640/8 | €8,155 | €13,717 | +€5,562 | +68.2% |
| Non-recurring operating charges | 66A | €12,466 | €0 | -€12,466 | -100% |
| Gross operating margin | 9900 | €210,143 | €328,097 | +€117,954 | +56.1% |
| Operating profit (loss) | 9901 | €139,768 | €248,688 | +€108,920 | +77.9% |
| Financial income | 75/76B | €28,950 | €21,496 | -€7,454 | -25.7% |
| Recurring financial income | 75 | €28,950 | €21,496 | -€7,454 | -25.7% |
| Financial charges | 65/66B | €20,799 | €24,212 | +€3,414 | +16.4% |
| Recurring financial charges | 65 | €20,799 | €24,212 | +€3,414 | +16.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €147,919 | €245,971 | +€98,052 | +66.3% |
| Income taxes | 67/77 | €34,095 | €81,855 | +€47,759 | +140% |
| Profit (loss) for the period | 9904 | €113,824 | €164,116 | +€50,292 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €113,824 | €164,116 | +€50,292 | +44.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.