Yellow Seabird: what changed
Yellow Seabird
Largest movements
- Receivables within one year +€20,623
up €20,623 (+102%), from €20,192 to €40,815
of which Other amounts receivable: +€40,815
- Tangible fixed assets -€19,449
down €19,449 (-2.9%), from €660,871 to €641,422
of which Land and buildings: -€23,587
- Other debts -€97,313
down €97,313 (-56.0%), from €173,766 to €76,454
- Reserves +€51,414
up €51,414 (+119%), from €43,084 to €94,498
- Debts after one year +€35,879
up €35,879 (+8.9%), from €405,307 to €441,186
of which Other amounts payable: +€60,000
- Trade debts +€10,568
up €10,568 (+20.1%), from €52,643 to €63,211
- Gross operating margin +€41,803
up €41,803 (+52.0%), from €80,337 to €122,140
- Depreciation +€21,147
up €21,147 (+114%), from €18,479 to €39,626
- Taxes +€5,113
up €5,113 (+59.6%), from €8,575 to €13,687
- Financial charges +€4,895
up €4,895 (+50.0%), from €9,797 to €14,692
of which Financial charges: +€4,375
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €718,939 | €726,323 | +€7,383 | +1.0% |
| Fixed assets | 21/28 | €663,371 | €644,232 | -€19,139 | -2.9% |
| Tangible fixed assets | 22/27 | €660,871 | €641,422 | -€19,449 | -2.9% |
| Land and buildings | 22 | €634,433 | €610,846 | -€23,587 | -3.7% |
| Plant, machinery and equipment | 23 | €6,891 | €6,351 | -€540 | -7.8% |
| Furniture and vehicles | 24 | €19,547 | €24,225 | +€4,678 | +23.9% |
| Financial fixed assets | 28 | €2,500 | €2,810 | +€310 | +12.4% |
| Current assets | 29/58 | €55,569 | €82,091 | +€26,522 | +47.7% |
| Amounts receivable within one year | 40/41 | €20,192 | €40,815 | +€20,623 | +102% |
| Trade receivables | 40 | €20,192 | - | -€20,192 | |
| Other amounts receivable | 41 | - | €40,815 | +€40,815 | |
| Cash at bank and in hand | 54/58 | €35,377 | €41,276 | +€5,899 | +16.7% |
| Total equity and liabilities | 10/49 | €718,939 | €726,323 | +€7,383 | +1.0% |
| Equity | 10/15 | €45,634 | €97,048 | +€51,414 | +113% |
| Contributions | 10/11 | €2,550 | €2,550 | = | 0.0% |
| Reserves | 13 | €43,084 | €94,498 | +€51,414 | +119% |
| Distributable reserves | 133 | €43,084 | €94,498 | +€51,414 | +119% |
| Amounts payable | 17/49 | €673,305 | €629,274 | -€44,031 | -6.5% |
| Amounts payable after more than one year | 17 | €405,307 | €441,186 | +€35,879 | +8.9% |
| Financial debts | 170/4 | €405,307 | €381,186 | -€24,121 | -6.0% |
| Other amounts payable | 178/9 | - | €60,000 | +€60,000 | |
| Amounts payable within one year | 42/48 | €267,998 | €188,089 | -€79,910 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €23,323 | €24,121 | +€798 | +3.4% |
| Trade debts | 44 | €52,643 | €63,211 | +€10,568 | +20.1% |
| Suppliers | 440/4 | €52,643 | €63,211 | +€10,568 | +20.1% |
| Taxes, remuneration and social security | 45 | €18,266 | €24,303 | +€6,037 | +33.1% |
| Taxes | 450/3 | €18,266 | €24,303 | +€6,037 | +33.1% |
| Other amounts payable | 47/48 | €173,766 | €76,454 | -€97,313 | -56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,479 | €39,626 | +€21,147 | +114% |
| Other operating charges | 640/8 | €3,380 | €2,803 | -€578 | -17.1% |
| Gross operating margin | 9900 | €80,337 | €122,140 | +€41,803 | +52.0% |
| Operating profit (loss) | 9901 | €58,478 | €79,711 | +€21,233 | +36.3% |
| Financial income | 75/76B | €0 | €82 | +€82 | +81,980% |
| Recurring financial income | 75 | €0 | €82 | +€82 | +81,980% |
| Financial charges | 65/66B | €9,797 | €14,692 | +€4,895 | +50.0% |
| Recurring financial charges | 65 | €9,797 | €14,172 | +€4,375 | +44.7% |
| Non-recurring financial charges | 66B | - | €521 | +€521 | |
| Profit (loss) for the period before taxes | 9903 | €48,681 | €65,101 | +€16,420 | +33.7% |
| Income taxes | 67/77 | €8,575 | €13,687 | +€5,113 | +59.6% |
| Profit (loss) for the period | 9904 | €40,107 | €51,414 | +€11,307 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,107 | €51,414 | +€11,307 | +28.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.