yel.low: 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.
yel.low
Largest movements
- Current investments +€34,879
up €34,879 (+20.5%), from €170,000 to €204,879
- Tangible fixed assets -€30,420
down €30,420 (-5.4%), from €565,433 to €535,013
of which Furniture and vehicles: -€18,269
- Cash +€22,792
up €22,792 (+34.5%), from €66,022 to €88,814
mainly Net result for the year (+€120,969) and Depreciation (+€30,420)
- Reserves +€54,591
up €54,591 (+10.4%), from €525,877 to €580,468
- Debts after one year -€20,667
down €20,667 (-8.9%), from €232,500 to €211,833
- Gross operating margin +€23,686
up €23,686 (+13.2%), from €179,541 to €203,227
- Depreciation +€6,900
up €6,900 (+29.3%), from €23,519 to €30,420
- Taxes +€3,263
up €3,263 (+7.0%), from €46,878 to €50,140
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 | €808,223 | €835,375 | +€27,152 | +3.4% |
| Fixed assets | 21/28 | €565,458 | €535,038 | -€30,420 | -5.4% |
| Tangible fixed assets | 22/27 | €565,433 | €535,013 | -€30,420 | -5.4% |
| Land and buildings | 22 | €481,202 | €470,468 | -€10,734 | -2.2% |
| Plant, machinery and equipment | 23 | €1,804 | €1,423 | -€381 | -21.1% |
| Furniture and vehicles | 24 | €81,121 | €62,852 | -€18,269 | -22.5% |
| Other tangible fixed assets | 26 | €1,306 | €270 | -€1,036 | -79.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €242,766 | €300,337 | +€57,571 | +23.7% |
| Amounts receivable within one year | 40/41 | €168 | €1,446 | +€1,278 | +761.5% |
| Other amounts receivable | 41 | €168 | €1,446 | +€1,278 | +761.5% |
| Current investments | 50/53 | €170,000 | €204,879 | +€34,879 | +20.5% |
| Cash at bank and in hand | 54/58 | €66,022 | €88,814 | +€22,792 | +34.5% |
| Deferred charges and accrued income | 490/1 | €6,576 | €5,199 | -€1,377 | -20.9% |
| Total equity and liabilities | 10/49 | €808,223 | €835,375 | +€27,152 | +3.4% |
| Equity | 10/15 | €538,277 | €592,868 | +€54,591 | +10.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €525,877 | €580,468 | +€54,591 | +10.4% |
| Distributable reserves | 133 | €525,877 | €580,468 | +€54,591 | +10.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €269,947 | €242,507 | -€27,439 | -10.2% |
| Amounts payable after more than one year | 17 | €232,500 | €211,833 | -€20,667 | -8.9% |
| Financial debts | 170/4 | €232,500 | €211,833 | -€20,667 | -8.9% |
| Amounts payable within one year | 42/48 | €37,447 | €30,634 | -€6,812 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €20,667 | €20,667 | = | 0.0% |
| Financial debts | 43 | €17 | €6 | -€11 | -66.7% |
| Credit institutions | 430/8 | €17 | €6 | -€11 | -66.7% |
| Trade debts | 44 | €4,095 | €1,791 | -€2,304 | -56.3% |
| Suppliers | 440/4 | €4,095 | €1,791 | -€2,304 | -56.3% |
| Taxes, remuneration and social security | 45 | €11,710 | €6,850 | -€4,860 | -41.5% |
| Taxes | 450/3 | €11,710 | €6,850 | -€4,860 | -41.5% |
| Other amounts payable | 47/48 | €958 | €1,321 | +€363 | +37.9% |
| Accrued charges and deferred income | 492/3 | - | €39 | +€39 | |
| Non-recurring operating income | 76A | - | €11,497 | +€11,497 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,519 | €30,420 | +€6,900 | +29.3% |
| Other operating charges | 640/8 | €3,175 | €2,759 | -€416 | -13.1% |
| Gross operating margin | 9900 | €179,541 | €203,227 | +€23,686 | +13.2% |
| Operating profit (loss) | 9901 | €152,847 | €170,048 | +€17,201 | +11.3% |
| Financial income | 75/76B | €5,994 | €4,006 | -€1,988 | -33.2% |
| Recurring financial income | 75 | €5,994 | €4,006 | -€1,988 | -33.2% |
| Financial charges | 65/66B | €2,927 | €2,944 | +€18 | +0.6% |
| Recurring financial charges | 65 | €2,927 | €2,944 | +€18 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €155,914 | €171,110 | +€15,195 | +9.7% |
| Income taxes | 67/77 | €46,878 | €50,140 | +€3,263 | +7.0% |
| Profit (loss) for the period | 9904 | €109,037 | €120,969 | +€11,932 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €109,037 | €120,969 | +€11,932 | +10.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.