YELLOW SOLDIER: 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 SOLDIER
Largest movements
- Cash +€51,285
up €51,285 (+37.7%), from €135,989 to €187,274
mainly Receivables within one year (+€28,025) and Net result for the year (+€19,081)
- Receivables within one year -€28,025
down €28,025 (-19.7%), from €142,586 to €114,561
of which Other amounts receivable: -€25,017
- Reserves +€19,081
up €19,081 (+10.7%), from €177,953 to €197,034
of which Distributable reserves: +€19,081
- Other debts +€9,552
up €9,552 (+97.9%), from €9,759 to €19,312
- Advances received -€4,840
no longer reported in 2025 (was €4,840)
- Gross operating margin +€7,660
up €7,660 (+32.3%), from €23,687 to €31,347
- Financial income -€5,252
down €5,252 (-99.8%), from €5,264 to €12
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 | €280,538 | €302,861 | +€22,323 | +8.0% |
| Fixed assets | 21/28 | €1,963 | €1,026 | -€937 | -47.8% |
| Tangible fixed assets | 22/27 | €963 | €26 | -€937 | -97.3% |
| Furniture and vehicles | 24 | €963 | €26 | -€937 | -97.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €278,575 | €301,835 | +€23,260 | +8.3% |
| Amounts receivable within one year | 40/41 | €142,586 | €114,561 | -€28,025 | -19.7% |
| Trade receivables | 40 | €5,765 | €2,757 | -€3,008 | -52.2% |
| Other amounts receivable | 41 | €136,821 | €111,804 | -€25,017 | -18.3% |
| Cash at bank and in hand | 54/58 | €135,989 | €187,274 | +€51,285 | +37.7% |
| Total equity and liabilities | 10/49 | €280,538 | €302,861 | +€22,323 | +8.0% |
| Equity | 10/15 | €261,173 | €280,255 | +€19,081 | +7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €177,953 | €197,034 | +€19,081 | +10.7% |
| Tax-exempt reserves | 132 | €41,027 | €41,027 | = | 0.0% |
| Distributable reserves | 133 | €136,926 | €156,007 | +€19,081 | +13.9% |
| Profit (loss) carried forward | 14 | €77,021 | €77,021 | = | 0.0% |
| Amounts payable | 17/49 | €19,365 | €22,606 | +€3,242 | +16.7% |
| Amounts payable within one year | 42/48 | €18,751 | €21,992 | +€3,242 | +17.3% |
| Trade debts | 44 | €1,105 | €490 | -€616 | -55.7% |
| Suppliers | 440/4 | €1,105 | €490 | -€616 | -55.7% |
| Advances received on contracts in progress | 46 | €4,840 | - | -€4,840 | |
| Taxes, remuneration and social security | 45 | €3,046 | €2,191 | -€855 | -28.1% |
| Taxes | 450/3 | €3,046 | €2,191 | -€855 | -28.1% |
| Other amounts payable | 47/48 | €9,759 | €19,312 | +€9,552 | +97.9% |
| Accrued charges and deferred income | 492/3 | €614 | €614 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €937 | €937 | = | 0.0% |
| Other operating charges | 640/8 | €1,131 | €1,160 | +€29 | +2.6% |
| Gross operating margin | 9900 | €23,687 | €31,347 | +€7,660 | +32.3% |
| Operating profit (loss) | 9901 | €21,619 | €29,249 | +€7,630 | +35.3% |
| Financial income | 75/76B | €5,264 | €12 | -€5,252 | -99.8% |
| Recurring financial income | 75 | €5,264 | €12 | -€5,252 | -99.8% |
| Financial charges | 65/66B | €531 | €628 | +€96 | +18.1% |
| Recurring financial charges | 65 | €531 | €628 | +€96 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €26,351 | €28,633 | +€2,282 | +8.7% |
| Income taxes | 67/77 | €9,304 | €9,552 | +€248 | +2.7% |
| Profit (loss) for the period | 9904 | €17,047 | €19,081 | +€2,034 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,047 | €19,081 | +€2,034 | +11.9% |
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 21 October 2026 via checked.be.