Yellow Stone: 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 Stone
Largest movements
- Cash +€204,903
up €204,903 (+278%), from €73,713 to €278,616
mainly Current investments (+€200,000) and Depreciation (+€26,398)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Tangible fixed assets +€22,634
up €22,634 (+11.3%), from €201,009 to €223,643
of which Furniture and vehicles: +€33,997
- Receivables within one year -€15,004
down €15,004 (-52.6%), from €28,547 to €13,543
of which Trade receivables: -€15,709
- Reserves +€14,940
up €14,940 (+3.1%), from €482,405 to €497,345
of which Distributable reserves: +€14,940
- Gross operating margin +€12,060
up €12,060 (+25.3%), from €47,703 to €59,763
- Other operating charges +€11,756
up €11,756 (+538%), from €2,184 to €13,940
- Financial income +€3,357
up €3,357 (+617%), from €544 to €3,901
- Depreciation +€3,040
up €3,040 (+13.0%), from €23,358 to €26,398
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 | €507,482 | €521,819 | +€14,337 | +2.8% |
| Fixed assets | 21/28 | €201,009 | €223,643 | +€22,634 | +11.3% |
| Tangible fixed assets | 22/27 | €201,009 | €223,643 | +€22,634 | +11.3% |
| Land and buildings | 22 | €154,837 | €146,358 | -€8,479 | -5.5% |
| Furniture and vehicles | 24 | €32,637 | €66,634 | +€33,997 | +104% |
| Other tangible fixed assets | 26 | €13,535 | €10,651 | -€2,884 | -21.3% |
| Current assets | 29/58 | €306,473 | €298,176 | -€8,297 | -2.7% |
| Amounts receivable within one year | 40/41 | €28,547 | €13,543 | -€15,004 | -52.6% |
| Trade receivables | 40 | €22,754 | €7,045 | -€15,709 | -69.0% |
| Other amounts receivable | 41 | €5,793 | €6,498 | +€705 | +12.2% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €73,713 | €278,616 | +€204,903 | +278% |
| Deferred charges and accrued income | 490/1 | €4,213 | €6,017 | +€1,804 | +42.8% |
| Total equity and liabilities | 10/49 | €507,482 | €521,819 | +€14,337 | +2.8% |
| Equity | 10/15 | €488,605 | €503,545 | +€14,940 | +3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €482,405 | €497,345 | +€14,940 | +3.1% |
| Non-distributable reserves | 130/1 | €7,940 | €7,940 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,940 | €7,940 | = | 0.0% |
| Distributable reserves | 133 | €474,465 | €489,405 | +€14,940 | +3.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €18,877 | €18,274 | -€603 | -3.2% |
| Amounts payable within one year | 42/48 | €14,742 | €14,079 | -€663 | -4.5% |
| Trade debts | 44 | €5,613 | €6,343 | +€730 | +13.0% |
| Suppliers | 440/4 | €5,613 | €6,343 | +€730 | +13.0% |
| Taxes, remuneration and social security | 45 | €9,129 | €7,736 | -€1,393 | -15.3% |
| Taxes | 450/3 | €9,129 | €7,736 | -€1,393 | -15.3% |
| Accrued charges and deferred income | 492/3 | €4,135 | €4,195 | +€60 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,358 | €26,398 | +€3,040 | +13.0% |
| Other operating charges | 640/8 | €2,184 | €13,940 | +€11,756 | +538% |
| Gross operating margin | 9900 | €47,703 | €59,763 | +€12,060 | +25.3% |
| Operating profit (loss) | 9901 | €22,161 | €19,425 | -€2,736 | -12.3% |
| Financial income | 75/76B | €544 | €3,901 | +€3,357 | +617% |
| Recurring financial income | 75 | €544 | €3,901 | +€3,357 | +617% |
| Financial charges | 65/66B | €477 | €509 | +€32 | +6.7% |
| Recurring financial charges | 65 | €477 | €509 | +€32 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €22,228 | €22,817 | +€589 | +2.6% |
| Income taxes | 67/77 | €7,346 | €7,877 | +€531 | +7.2% |
| Profit (loss) for the period | 9904 | €14,882 | €14,940 | +€58 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,882 | €14,940 | +€58 | +0.4% |
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 18 October 2026 via checked.be.