YELLO: 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.
YELLO
Largest movements
- Cash +€27,138
up €27,138 (+509%), from €5,326 to €32,464
- Tangible fixed assets -€17,793
down €17,793 (-77.5%), from €22,952 to €5,159
of which Leasing and similar rights: -€13,890
- Receivables within one year +€11,417
up €11,417 (+15.5%), from €73,801 to €85,218
of which Trade receivables: +€11,432
- Deferred charges and accrued income +€3,779
up €3,779 (+163%), from €2,312 to €6,091
- Intangible fixed assets +€2,693
new in 2025: €2,693
- Debts after one year +€261,491
up €261,491 (+93.6%), from €279,509 to €541,000
- Profit (loss) carried forward -€220,827
down €220,827 (-34.3%), from -€643,456 to -€864,283
- Trade debts -€7,432
down €7,432 (-24.1%), from €30,795 to €23,362
- Current portion of long-term debt -€4,614
down €4,614 (-57.5%), from €8,028 to €3,414
- Tax, wage and social debts -€4,172
down €4,172 (-3.6%), from €115,140 to €110,969
of which Taxes: -€7,204
- Staff costs +€292,446
up €292,446 (+44.6%), from €655,885 to €948,331
- Gross operating margin +€134,077
up €134,077 (+21.8%), from €615,750 to €749,827
- Depreciation +€9,183
up €9,183 (+81.5%), from €11,272 to €20,455
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,017 | €132,251 | +€27,235 | +25.9% |
| Fixed assets | 21/28 | €23,577 | €8,478 | -€15,100 | -64.0% |
| Intangible fixed assets | 21 | - | €2,693 | +€2,693 | |
| Tangible fixed assets | 22/27 | €22,952 | €5,159 | -€17,793 | -77.5% |
| Plant, machinery and equipment | 23 | €4,247 | €539 | -€3,708 | -87.3% |
| Furniture and vehicles | 24 | €983 | €787 | -€195 | -19.9% |
| Leasing and similar rights | 25 | €17,722 | €3,833 | -€13,890 | -78.4% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €81,439 | €123,774 | +€42,334 | +52.0% |
| Amounts receivable within one year | 40/41 | €73,801 | €85,218 | +€11,417 | +15.5% |
| Trade receivables | 40 | €73,786 | €85,218 | +€11,432 | +15.5% |
| Other amounts receivable | 41 | €15 | - | -€15 | |
| Cash at bank and in hand | 54/58 | €5,326 | €32,464 | +€27,138 | +509% |
| Deferred charges and accrued income | 490/1 | €2,312 | €6,091 | +€3,779 | +163% |
| Total equity and liabilities | 10/49 | €105,017 | €132,251 | +€27,235 | +25.9% |
| Equity | 10/15 | -€328,456 | -€549,283 | -€220,827 | -67.2% |
| Contributions | 10/11 | €315,000 | €315,000 | = | 0.0% |
| Capital | 10 | €315,000 | - | -€315,000 | |
| Issued capital | 100 | €315,000 | - | -€315,000 | |
| Profit (loss) carried forward | 14 | -€643,456 | -€864,283 | -€220,827 | -34.3% |
| Amounts payable | 17/49 | €433,473 | €681,535 | +€248,062 | +57.2% |
| Amounts payable after more than one year | 17 | €279,509 | €541,000 | +€261,491 | +93.6% |
| Financial debts | 170/4 | €279,509 | €541,000 | +€261,491 | +93.6% |
| Amounts payable within one year | 42/48 | €153,963 | €137,745 | -€16,218 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €8,028 | €3,414 | -€4,614 | -57.5% |
| Trade debts | 44 | €30,795 | €23,362 | -€7,432 | -24.1% |
| Suppliers | 440/4 | €30,795 | €23,362 | -€7,432 | -24.1% |
| Taxes, remuneration and social security | 45 | €115,140 | €110,969 | -€4,172 | -3.6% |
| Taxes | 450/3 | €22,946 | €15,742 | -€7,204 | -31.4% |
| Remuneration and social security | 454/9 | €92,194 | €95,227 | +€3,033 | +3.3% |
| Accrued charges and deferred income | 492/3 | - | €2,789 | +€2,789 | |
| Remuneration, social security and pensions | 62 | €655,885 | €948,331 | +€292,446 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,272 | €20,455 | +€9,183 | +81.5% |
| Other operating charges | 640/8 | €981 | €1,724 | +€743 | +75.7% |
| Gross operating margin | 9900 | €615,750 | €749,827 | +€134,077 | +21.8% |
| Operating profit (loss) | 9901 | -€52,388 | -€220,683 | -€168,294 | -321% |
| Financial income | 75/76B | €2,466 | €1,041 | -€1,425 | -57.8% |
| Recurring financial income | 75 | €2,466 | €1,041 | -€1,425 | -57.8% |
| Financial charges | 65/66B | €614 | €832 | +€218 | +35.5% |
| Recurring financial charges | 65 | €614 | €832 | +€218 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | -€50,537 | -€220,474 | -€169,938 | -336% |
| Income taxes | 67/77 | €155 | €353 | +€197 | +127% |
| Profit (loss) for the period | 9904 | -€50,692 | -€220,827 | -€170,135 | -336% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,692 | -€220,827 | -€170,135 | -336% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.