Yel-Safety: 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-Safety
Largest movements
- Tangible fixed assets -€31,217
down €31,217 (-26.3%), from €118,646 to €87,430
of which Land and buildings: -€33,574
- Cash +€26,891
up €26,891 (+18.9%), from €141,952 to €168,843
mainly Net result for the year (+€52,609) and Depreciation (+€40,756)
- Receivables within one year +€3,651
up €3,651 (+11.0%), from €33,046 to €36,696
- Reserves +€38,922
up €38,922 (+17.3%), from €225,179 to €264,101
- Debts after one year -€33,748
down €33,748 (-87.2%), from €38,723 to €4,975
- Tax, wage and social debts -€11,552
down €11,552 (-41.2%), from €28,069 to €16,517
- Other debts +€3,057
up €3,057 (+378%), from €809 to €3,867
- Gross operating margin -€14,884
down €14,884 (-10.7%), from €139,665 to €124,781
- Taxes -€2,814
down €2,814 (-9.7%), from €29,093 to €26,278
- Other operating charges -€1,646
down €1,646 (-30.6%), from €5,386 to €3,739
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.
Derived cash bridge
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 | €296,404 | €294,264 | -€2,139 | -0.7% |
| Fixed assets | 21/28 | €118,646 | €87,430 | -€31,217 | -26.3% |
| Tangible fixed assets | 22/27 | €118,646 | €87,430 | -€31,217 | -26.3% |
| Land and buildings | 22 | €94,690 | €61,115 | -€33,574 | -35.5% |
| Plant, machinery and equipment | 23 | €1,455 | €691 | -€765 | -52.5% |
| Furniture and vehicles | 24 | €22,501 | €25,624 | +€3,123 | +13.9% |
| Current assets | 29/58 | €177,758 | €206,835 | +€29,077 | +16.4% |
| Amounts receivable within one year | 40/41 | €33,046 | €36,696 | +€3,651 | +11.0% |
| Trade receivables | 40 | €33,046 | €36,696 | +€3,651 | +11.0% |
| Cash at bank and in hand | 54/58 | €141,952 | €168,843 | +€26,891 | +18.9% |
| Deferred charges and accrued income | 490/1 | €2,760 | €1,295 | -€1,464 | -53.1% |
| Total equity and liabilities | 10/49 | €296,404 | €294,264 | -€2,139 | -0.7% |
| Equity | 10/15 | €225,179 | €264,101 | +€38,922 | +17.3% |
| Reserves | 13 | €225,179 | €264,101 | +€38,922 | +17.3% |
| Distributable reserves | 133 | €225,179 | €264,101 | +€38,922 | +17.3% |
| Amounts payable | 17/49 | €71,224 | €30,163 | -€41,061 | -57.7% |
| Amounts payable after more than one year | 17 | €38,723 | €4,975 | -€33,748 | -87.2% |
| Financial debts | 170/4 | €38,723 | €4,975 | -€33,748 | -87.2% |
| Amounts payable within one year | 42/48 | €32,501 | €25,188 | -€7,313 | -22.5% |
| Trade debts | 44 | €3,623 | €4,805 | +€1,182 | +32.6% |
| Suppliers | 440/4 | €3,623 | €4,805 | +€1,182 | +32.6% |
| Taxes, remuneration and social security | 45 | €28,069 | €16,517 | -€11,552 | -41.2% |
| Taxes | 450/3 | €28,069 | €16,517 | -€11,552 | -41.2% |
| Other amounts payable | 47/48 | €809 | €3,867 | +€3,057 | +378% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,450 | €40,756 | +€1,306 | +3.3% |
| Other operating charges | 640/8 | €5,386 | €3,739 | -€1,646 | -30.6% |
| Gross operating margin | 9900 | €139,665 | €124,781 | -€14,884 | -10.7% |
| Operating profit (loss) | 9901 | €94,830 | €80,286 | -€14,544 | -15.3% |
| Financial charges | 65/66B | €2,174 | €1,399 | -€776 | -35.7% |
| Recurring financial charges | 65 | €2,174 | €1,399 | -€776 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €92,655 | €78,887 | -€13,768 | -14.9% |
| Income taxes | 67/77 | €29,093 | €26,278 | -€2,814 | -9.7% |
| Profit (loss) for the period | 9904 | €63,563 | €52,609 | -€10,953 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,563 | €52,609 | -€10,953 | -17.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.