Yellow Pill: 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 Pill
Largest movements
- Tangible fixed assets -€31,562
down €31,562 (-7.0%), from €451,727 to €420,165
of which Furniture and vehicles: -€21,083
- Cash +€22,842
up €22,842 (+731%), from €3,126 to €25,968
mainly Net result for the year (+€68,751) and Trade debts (+€53,131)
- Receivables within one year -€16,665
down €16,665 (-5.1%), from €325,407 to €308,742
of which Trade receivables: -€27,080
- Trade debts +€53,131
up €53,131 (+40.6%), from €131,002 to €184,133
- Current portion of long-term debt -€36,836
down €36,836 (-43.6%), from €84,484 to €47,649
- Debts after one year -€25,717
down €25,717 (-6.9%), from €374,719 to €349,001
- Tax, wage and social debts -€10,212
down €10,212 (-15.4%), from €66,496 to €56,284
of which Taxes: -€14,604
- Depreciation -€46,963
down €46,963 (-56.9%), from €82,569 to €35,607
- Staff costs +€28,729
up €28,729 (+13.2%), from €218,036 to €246,765
- Financial charges +€11,999
up €11,999 (+158%), from €7,600 to €19,598
- Gross operating margin -€6,306
down €6,306 (-1.6%), from €405,213 to €398,906
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 | €783,032 | €760,126 | -€22,906 | -2.9% |
| Fixed assets | 21/28 | €452,002 | €420,440 | -€31,562 | -7.0% |
| Tangible fixed assets | 22/27 | €451,727 | €420,165 | -€31,562 | -7.0% |
| Land and buildings | 22 | €396,636 | €386,940 | -€9,696 | -2.4% |
| Furniture and vehicles | 24 | €53,563 | €32,480 | -€21,083 | -39.4% |
| Other tangible fixed assets | 26 | €1,528 | €746 | -€782 | -51.2% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €331,030 | €339,686 | +€8,656 | +2.6% |
| Amounts receivable within one year | 40/41 | €325,407 | €308,742 | -€16,665 | -5.1% |
| Trade receivables | 40 | €232,407 | €205,327 | -€27,080 | -11.7% |
| Other amounts receivable | 41 | €93,000 | €103,415 | +€10,415 | +11.2% |
| Cash at bank and in hand | 54/58 | €3,126 | €25,968 | +€22,842 | +731% |
| Deferred charges and accrued income | 490/1 | €2,496 | €4,976 | +€2,480 | +99.3% |
| Total equity and liabilities | 10/49 | €783,032 | €760,126 | -€22,906 | -2.9% |
| Equity | 10/15 | €54,308 | €52,558 | -€1,749 | -3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €192 | €192 | = | 0.0% |
| Non-distributable reserves | 130/1 | €192 | €192 | = | 0.0% |
| Reserves not available under the articles | 1311 | €192 | €192 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,516 | €33,767 | -€1,749 | -4.9% |
| Amounts payable | 17/49 | €728,724 | €707,568 | -€21,156 | -2.9% |
| Amounts payable after more than one year | 17 | €374,719 | €349,001 | -€25,717 | -6.9% |
| Financial debts | 170/4 | €374,719 | €349,001 | -€25,717 | -6.9% |
| Amounts payable within one year | 42/48 | €354,006 | €358,566 | +€4,561 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €84,484 | €47,649 | -€36,836 | -43.6% |
| Trade debts | 44 | €131,002 | €184,133 | +€53,131 | +40.6% |
| Suppliers | 440/4 | €131,002 | €184,133 | +€53,131 | +40.6% |
| Taxes, remuneration and social security | 45 | €66,496 | €56,284 | -€10,212 | -15.4% |
| Taxes | 450/3 | €43,442 | €28,838 | -€14,604 | -33.6% |
| Remuneration and social security | 454/9 | €23,054 | €27,446 | +€4,392 | +19.1% |
| Other amounts payable | 47/48 | €72,023 | €70,500 | -€1,523 | -2.1% |
| Remuneration, social security and pensions | 62 | €218,036 | €246,765 | +€28,729 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,569 | €35,607 | -€46,963 | -56.9% |
| Other operating charges | 640/8 | €1,547 | €3,078 | +€1,532 | +99.0% |
| Gross operating margin | 9900 | €405,213 | €398,906 | -€6,306 | -1.6% |
| Operating profit (loss) | 9901 | €103,060 | €113,456 | +€10,396 | +10.1% |
| Financial income | 75/76B | €31 | €1,903 | +€1,872 | +6,054% |
| Recurring financial income | 75 | €31 | €1,903 | +€1,872 | +6,054% |
| Financial charges | 65/66B | €7,600 | €19,598 | +€11,999 | +158% |
| Recurring financial charges | 65 | €7,600 | €19,598 | +€11,999 | +158% |
| Profit (loss) for the period before taxes | 9903 | €95,491 | €95,761 | +€270 | +0.3% |
| Income taxes | 67/77 | €24,500 | €27,010 | +€2,510 | +10.2% |
| Profit (loss) for the period | 9904 | €70,991 | €68,751 | -€2,241 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,991 | €68,751 | -€2,241 | -3.2% |
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 24 October 2026 via checked.be.