YELLOW VERTIKAL: 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 VERTIKAL
Largest movements
- Cash -€14,651
down €14,651 (-13.6%), from €108,060 to €93,409
mainly Contributions, distributions and other (-€50,000) and Other debts (-€36,934)
- Receivables within one year +€3,904
up €3,904 (+26.0%), from €15,015 to €18,919
- Other debts -€36,934
down €36,934 (-53.2%), from €69,442 to €32,508
- Reserves +€26,475
up €26,475 (+926%), from €2,860 to €29,335
- Trade debts -€1,757
down €1,757 (-39.2%), from €4,482 to €2,725
- Tax, wage and social debts +€1,624
up €1,624 (+4.0%), from €40,295 to €41,919
- Taxes +€9,073
up €9,073 (+224%), from €4,055 to €13,128
- Other operating charges -€5,006
down €5,006 (-70.7%), from €7,084 to €2,078
- Gross operating margin +€4,952
up €4,952 (+5.5%), from €89,827 to €94,779
- Financial charges +€1,180
up €1,180 (+60.1%), from €1,964 to €3,144
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 | €123,427 | €112,687 | -€10,740 | -8.7% |
| Current assets | 29/58 | €123,427 | €112,687 | -€10,740 | -8.7% |
| Amounts receivable within one year | 40/41 | €15,015 | €18,919 | +€3,904 | +26.0% |
| Trade receivables | 40 | €15,015 | €18,919 | +€3,904 | +26.0% |
| Cash at bank and in hand | 54/58 | €108,060 | €93,409 | -€14,651 | -13.6% |
| Deferred charges and accrued income | 490/1 | €352 | €359 | +€7 | +2.0% |
| Total equity and liabilities | 10/49 | €123,427 | €112,687 | -€10,740 | -8.7% |
| Equity | 10/15 | €9,105 | €35,535 | +€26,430 | +290% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,860 | €29,335 | +€26,475 | +926% |
| Distributable reserves | 133 | €2,860 | €29,335 | +€26,475 | +926% |
| Profit (loss) carried forward | 14 | €45 | - | -€45 | |
| Amounts payable | 17/49 | €114,322 | €77,152 | -€37,170 | -32.5% |
| Amounts payable within one year | 42/48 | €114,219 | €77,152 | -€37,067 | -32.5% |
| Trade debts | 44 | €4,482 | €2,725 | -€1,757 | -39.2% |
| Suppliers | 440/4 | €4,482 | €2,725 | -€1,757 | -39.2% |
| Taxes, remuneration and social security | 45 | €40,295 | €41,919 | +€1,624 | +4.0% |
| Taxes | 450/3 | €40,295 | €41,919 | +€1,624 | +4.0% |
| Other amounts payable | 47/48 | €69,442 | €32,508 | -€36,934 | -53.2% |
| Accrued charges and deferred income | 492/3 | €103 | - | -€103 | |
| Other operating charges | 640/8 | €7,084 | €2,078 | -€5,006 | -70.7% |
| Non-recurring operating charges | 66A | €1,763 | - | -€1,763 | |
| Gross operating margin | 9900 | €89,827 | €94,779 | +€4,952 | +5.5% |
| Operating profit (loss) | 9901 | €80,980 | €92,701 | +€11,721 | +14.5% |
| Financial income | 75/76B | €2 | €1 | -€1 | -50.0% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -50.0% |
| Financial charges | 65/66B | €1,964 | €3,144 | +€1,180 | +60.1% |
| Recurring financial charges | 65 | €1,964 | €3,144 | +€1,180 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | €79,018 | €89,558 | +€10,540 | +13.3% |
| Income taxes | 67/77 | €4,055 | €13,128 | +€9,073 | +224% |
| Profit (loss) for the period | 9904 | €74,963 | €76,430 | +€1,467 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,963 | €76,430 | +€1,467 | +2.0% |
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 23 October 2026 via checked.be.