Yellow Brick Road: 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 Brick Road
Largest movements
- Cash -€11,708
down €11,708 (-42.7%), from €27,436 to €15,727
mainly Net result for the year (-€16,924) and Debts after one year (-€15,084)
- Intangible fixed assets -€9,277
down €9,277 (-50.0%), from €18,555 to €9,277
- Tangible fixed assets -€8,451
down €8,451 (-97.8%), from €8,643 to €192
of which Furniture and vehicles: -€8,009
- Receivables within one year -€2,893
down €2,893 (-33.4%), from €8,666 to €5,773
of which Trade receivables: -€2,703
- Profit (loss) carried forward -€16,924
down €16,924 (-82.6%), from -€20,499 to -€37,423
- Debts after one year -€15,084
down €15,084 (-74.4%), from €20,268 to €5,184
- Trade debts -€1,365
down €1,365 (-20.2%), from €6,752 to €5,387
- Current portion of long-term debt +€675
up €675 (+4.7%), from €14,409 to €15,084
- Gross operating margin -€38,685
down €38,685, from €35,441 to -€3,244
- Depreciation -€3,844
down €3,844 (-26.0%), from €14,796 to €10,952
- Taxes -€945
down €945 (-91.5%), from €1,032 to €87
- Staff costs -€653
down €653 (-62.3%), from €1,048 to €395
- Financial charges -€624
down €624 (-30.4%), from €2,052 to €1,429
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 | €63,460 | €31,002 | -€32,458 | -51.1% |
| Fixed assets | 21/28 | €27,198 | €9,470 | -€17,728 | -65.2% |
| Intangible fixed assets | 21 | €18,555 | €9,277 | -€9,277 | -50.0% |
| Tangible fixed assets | 22/27 | €8,643 | €192 | -€8,451 | -97.8% |
| Plant, machinery and equipment | 23 | €634 | €192 | -€442 | -69.7% |
| Furniture and vehicles | 24 | €8,009 | - | -€8,009 | |
| Current assets | 29/58 | €36,262 | €21,532 | -€14,730 | -40.6% |
| Amounts receivable within one year | 40/41 | €8,666 | €5,773 | -€2,893 | -33.4% |
| Trade receivables | 40 | €7,452 | €4,749 | -€2,703 | -36.3% |
| Other amounts receivable | 41 | €1,214 | €1,024 | -€190 | -15.6% |
| Cash at bank and in hand | 54/58 | €27,436 | €15,727 | -€11,708 | -42.7% |
| Deferred charges and accrued income | 490/1 | €160 | €31 | -€128 | -80.4% |
| Total equity and liabilities | 10/49 | €63,460 | €31,002 | -€32,458 | -51.1% |
| Equity | 10/15 | €18,617 | €1,693 | -€16,924 | -90.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,916 | €32,916 | = | 0.0% |
| Distributable reserves | 133 | €32,916 | €32,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,499 | -€37,423 | -€16,924 | -82.6% |
| Amounts payable | 17/49 | €44,843 | €29,309 | -€15,534 | -34.6% |
| Amounts payable after more than one year | 17 | €20,268 | €5,184 | -€15,084 | -74.4% |
| Financial debts | 170/4 | €20,268 | €5,184 | -€15,084 | -74.4% |
| Amounts payable within one year | 42/48 | €24,574 | €23,850 | -€724 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €14,409 | €15,084 | +€675 | +4.7% |
| Trade debts | 44 | €6,752 | €5,387 | -€1,365 | -20.2% |
| Suppliers | 440/4 | €6,752 | €5,387 | -€1,365 | -20.2% |
| Taxes, remuneration and social security | 45 | €200 | €109 | -€91 | -45.4% |
| Taxes | 450/3 | €178 | €87 | -€91 | -50.9% |
| Remuneration and social security | 454/9 | €22 | €22 | = | 0.0% |
| Other amounts payable | 47/48 | €3,214 | €3,270 | +€56 | +1.8% |
| Accrued charges and deferred income | 492/3 | - | €274 | +€274 | |
| Non-recurring operating income | 76A | - | €2,723 | +€2,723 | |
| Remuneration, social security and pensions | 62 | €1,048 | €395 | -€653 | -62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,796 | €10,952 | -€3,844 | -26.0% |
| Other operating charges | 640/8 | €877 | €820 | -€56 | -6.4% |
| Gross operating margin | 9900 | €35,441 | -€3,244 | -€38,685 | |
| Operating profit (loss) | 9901 | €18,721 | -€15,410 | -€34,131 | |
| Financial income | 75/76B | €11 | €3 | -€8 | -77.0% |
| Recurring financial income | 75 | €11 | €3 | -€8 | -77.0% |
| Financial charges | 65/66B | €2,052 | €1,429 | -€624 | -30.4% |
| Recurring financial charges | 65 | €2,052 | €1,429 | -€624 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €16,679 | -€16,837 | -€33,516 | |
| Income taxes | 67/77 | €1,032 | €87 | -€945 | -91.5% |
| Profit (loss) for the period | 9904 | €15,647 | -€16,924 | -€32,571 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,647 | -€16,924 | -€32,571 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.