YELLOW 5: 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.
YELLOW 5
Largest movements
- Cash +€30,007
up €30,007 (+304%), from €9,866 to €39,873
mainly Trade debts (+€64,155) and Deferred charges and accrued income (+€28,796)
- Deferred charges and accrued income -€28,796
down €28,796 (-83.0%), from €34,692 to €5,896
- Receivables within one year +€19,893
up €19,893 (+8.3%), from €240,108 to €260,001
of which Other amounts receivable: +€16,184
- Trade debts +€64,155
up €64,155 (+87.4%), from €73,389 to €137,544
- Debts after one year -€50,000
no longer reported in 2025 (was €50,000)
- Profit (loss) carried forward -€18,611
down €18,611 (-18.6%), from €99,878 to €81,267
- Tax, wage and social debts +€13,063
up €13,063 (+24.8%), from €52,750 to €65,813
of which Taxes: +€8,295
- Accrued charges and deferred income +€11,579
up €11,579 (+121%), from €9,545 to €21,124
- Staff costs +€65,566
up €65,566 (+18.2%), from €359,910 to €425,476
- Taxes -€18,615
down €18,615 (-82.5%), from €22,558 to €3,943
- Gross operating margin -€7,908
down €7,908 (-1.8%), from €428,476 to €420,568
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 | €295,563 | €315,749 | +€20,186 | +6.8% |
| Fixed assets | 21/28 | €10,898 | €9,979 | -€918 | -8.4% |
| Tangible fixed assets | 22/27 | €3,498 | €2,579 | -€918 | -26.3% |
| Furniture and vehicles | 24 | €1,693 | €969 | -€723 | -42.7% |
| Other tangible fixed assets | 26 | €1,805 | €1,610 | -€195 | -10.8% |
| Financial fixed assets | 28 | €7,400 | €7,400 | = | 0.0% |
| Current assets | 29/58 | €284,665 | €305,769 | +€21,104 | +7.4% |
| Amounts receivable within one year | 40/41 | €240,108 | €260,001 | +€19,893 | +8.3% |
| Trade receivables | 40 | €234,109 | €237,819 | +€3,709 | +1.6% |
| Other amounts receivable | 41 | €5,998 | €22,182 | +€16,184 | +270% |
| Cash at bank and in hand | 54/58 | €9,866 | €39,873 | +€30,007 | +304% |
| Deferred charges and accrued income | 490/1 | €34,692 | €5,896 | -€28,796 | -83.0% |
| Total equity and liabilities | 10/49 | €295,563 | €315,749 | +€20,186 | +6.8% |
| Equity | 10/15 | €109,878 | €91,267 | -€18,611 | -16.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,878 | €81,267 | -€18,611 | -18.6% |
| Amounts payable | 17/49 | €185,685 | €224,481 | +€38,797 | +20.9% |
| Amounts payable after more than one year | 17 | €50,000 | - | -€50,000 | |
| Financial debts | 170/4 | €50,000 | - | -€50,000 | |
| Amounts payable within one year | 42/48 | €126,140 | €203,358 | +€77,218 | +61.2% |
| Trade debts | 44 | €73,389 | €137,544 | +€64,155 | +87.4% |
| Suppliers | 440/4 | €73,389 | €137,544 | +€64,155 | +87.4% |
| Taxes, remuneration and social security | 45 | €52,750 | €65,813 | +€13,063 | +24.8% |
| Taxes | 450/3 | €10,225 | €18,520 | +€8,295 | +81.1% |
| Remuneration and social security | 454/9 | €42,526 | €47,293 | +€4,768 | +11.2% |
| Accrued charges and deferred income | 492/3 | €9,545 | €21,124 | +€11,579 | +121% |
| Remuneration, social security and pensions | 62 | €359,910 | €425,476 | +€65,566 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €606 | €918 | +€313 | +51.6% |
| Other operating charges | 640/8 | €651 | - | -€651 | |
| Gross operating margin | 9900 | €428,476 | €420,568 | -€7,908 | -1.8% |
| Operating profit (loss) | 9901 | €67,309 | -€5,826 | -€73,135 | |
| Financial income | 75/76B | €0 | €2 | +€2 | +2,550% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +2,550% |
| Financial charges | 65/66B | €6,148 | €8,844 | +€2,696 | +43.9% |
| Recurring financial charges | 65 | €6,148 | €8,844 | +€2,696 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €61,161 | -€14,668 | -€75,829 | |
| Income taxes | 67/77 | €22,558 | €3,943 | -€18,615 | -82.5% |
| Profit (loss) for the period | 9904 | €38,604 | -€18,611 | -€57,215 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,604 | -€18,611 | -€57,215 |
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 16 October 2026 via checked.be.