Yellow Indep.: 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 Indep.
Largest movements
- Receivables within one year +€5,197
up €5,197 (+111.6%), from €4,659 to €9,855
of which Trade receivables: +€2,602
- Cash -€2,773
down €2,773 (-20.2%), from €13,709 to €10,936
mainly Investment in fixed assets (net) (-€9,699) and Receivables within one year (-€5,197)
- Tangible fixed assets +€1,402
up €1,402 (+6.3%), from €22,403 to €23,805
of which Furniture and vehicles: +€2,798
- Other debts +€6,981
up €6,981 (+128.4%), from €5,437 to €12,418
- Tax, wage and social debts -€2,955
down €2,955 (-32.9%), from €8,981 to €6,026
- Reserves +€1,808
up €1,808 (+8.5%), from €21,246 to €23,054
- Trade debts -€1,800
down €1,800 (-62.2%), from €2,895 to €1,095
- Gross operating margin -€23,621
down €23,621 (-64.4%), from €36,662 to €13,041
- Taxes -€5,030
down €5,030 (-84.5%), from €5,952 to €923
- Depreciation +€788
up €788 (+10.5%), from €7,510 to €8,297
- Financial charges +€615
up €615 (+65.8%), from €936 to €1,551
- Other operating charges -€557
down €557 (-54.7%), from €1,019 to €462
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 | €41,558 | €45,592 | +€4,034 | +9.7% |
| Fixed assets | 21/28 | €22,403 | €23,805 | +€1,402 | +6.3% |
| Tangible fixed assets | 22/27 | €22,403 | €23,805 | +€1,402 | +6.3% |
| Plant, machinery and equipment | 23 | €18,907 | €17,511 | -€1,396 | -7.4% |
| Furniture and vehicles | 24 | €3,496 | €6,294 | +€2,798 | +80.0% |
| Current assets | 29/58 | €19,155 | €21,787 | +€2,632 | +13.7% |
| Amounts receivable within one year | 40/41 | €4,659 | €9,855 | +€5,197 | +111.6% |
| Trade receivables | 40 | €4,659 | €7,260 | +€2,602 | +55.8% |
| Other amounts receivable | 41 | - | €2,595 | +€2,595 | |
| Cash at bank and in hand | 54/58 | €13,709 | €10,936 | -€2,773 | -20.2% |
| Deferred charges and accrued income | 490/1 | €788 | €996 | +€209 | +26.5% |
| Total equity and liabilities | 10/49 | €41,558 | €45,592 | +€4,034 | +9.7% |
| Equity | 10/15 | €24,246 | €26,054 | +€1,808 | +7.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,246 | €23,054 | +€1,808 | +8.5% |
| Distributable reserves | 133 | €21,246 | €23,054 | +€1,808 | +8.5% |
| Amounts payable | 17/49 | €17,312 | €19,538 | +€2,226 | +12.9% |
| Amounts payable within one year | 42/48 | €17,312 | €19,538 | +€2,226 | +12.9% |
| Trade debts | 44 | €2,895 | €1,095 | -€1,800 | -62.2% |
| Suppliers | 440/4 | €2,895 | €1,095 | -€1,800 | -62.2% |
| Taxes, remuneration and social security | 45 | €8,981 | €6,026 | -€2,955 | -32.9% |
| Taxes | 450/3 | €8,981 | €6,026 | -€2,955 | -32.9% |
| Other amounts payable | 47/48 | €5,437 | €12,418 | +€6,981 | +128.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,510 | €8,297 | +€788 | +10.5% |
| Other operating charges | 640/8 | €1,019 | €462 | -€557 | -54.7% |
| Gross operating margin | 9900 | €36,662 | €13,041 | -€23,621 | -64.4% |
| Operating profit (loss) | 9901 | €28,134 | €4,282 | -€23,852 | -84.8% |
| Financial charges | 65/66B | €936 | €1,551 | +€615 | +65.8% |
| Recurring financial charges | 65 | €936 | €1,551 | +€615 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | €27,198 | €2,731 | -€24,467 | -90.0% |
| Income taxes | 67/77 | €5,952 | €923 | -€5,030 | -84.5% |
| Profit (loss) for the period | 9904 | €21,246 | €1,808 | -€19,438 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,246 | €1,808 | -€19,438 | -91.5% |
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 12 October 2026 via checked.be.