YELLOW WOOD: what changed
YELLOW WOOD
Largest movements
- Receivables after one year +€275,000
new in 2025: €275,000
- Current investments -€199,748
down €199,748 (-40.7%), from €490,691 to €290,943
- Receivables within one year +€41,130
up €41,130 (+155%), from €26,568 to €67,697
- Cash -€16,687
down €16,687 (-15.2%), from €109,729 to €93,042
mainly Receivables after one year (-€275,000) and Other debts (-€60,385)
- Tangible fixed assets -€16,171
down €16,171 (-21.4%), from €75,407 to €59,237
of which Furniture and vehicles: -€16,042
- Reserves +€100,000
up €100,000 (+19.6%), from €509,254 to €609,254
of which Distributable reserves: +€100,000
- Other debts -€60,385
down €60,385 (-83.9%), from €71,989 to €11,604
- Profit (loss) carried forward +€51,289
up €51,289 (+77.4%), from €66,238 to €117,527
- Tax, wage and social debts -€12,453
down €12,453 (-19.6%), from €63,382 to €50,929
of which Taxes: -€10,365
- Gross operating margin +€50,203
up €50,203 (+23.2%), from €216,374 to €266,576
- Depreciation +€12,607
up €12,607 (+189%), from €6,668 to €19,275
- Staff costs +€11,036
up €11,036 (+38.1%), from €28,988 to €40,024
- Taxes +€9,208
up €9,208 (+15.5%), from €59,576 to €68,784
- Financial income +€6,920
up €6,920 (+88.3%), from €7,840 to €14,760
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 | €774,559 | €857,414 | +€82,855 | +10.7% |
| Fixed assets | 21/28 | €146,587 | €130,417 | -€16,171 | -11.0% |
| Intangible fixed assets | 21 | €60,000 | €60,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €75,407 | €59,237 | -€16,171 | -21.4% |
| Land and buildings | 22 | €368 | €239 | -€129 | -35.1% |
| Furniture and vehicles | 24 | €75,039 | €58,998 | -€16,042 | -21.4% |
| Financial fixed assets | 28 | €11,180 | €11,180 | = | 0.0% |
| Current assets | 29/58 | €627,972 | €726,998 | +€99,026 | +15.8% |
| Amounts receivable after more than one year | 29 | - | €275,000 | +€275,000 | |
| Other amounts receivable | 291 | - | €275,000 | +€275,000 | |
| Amounts receivable within one year | 40/41 | €26,568 | €67,697 | +€41,130 | +155% |
| Trade receivables | 40 | €26,568 | €67,697 | +€41,130 | +155% |
| Current investments | 50/53 | €490,691 | €290,943 | -€199,748 | -40.7% |
| Cash at bank and in hand | 54/58 | €109,729 | €93,042 | -€16,687 | -15.2% |
| Deferred charges and accrued income | 490/1 | €984 | €315 | -€669 | -68.0% |
| Total equity and liabilities | 10/49 | €774,559 | €857,414 | +€82,855 | +10.7% |
| Equity | 10/15 | €635,492 | €786,781 | +€151,289 | +23.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €509,254 | €609,254 | +€100,000 | +19.6% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €503,254 | €603,254 | +€100,000 | +19.9% |
| Profit (loss) carried forward | 14 | €66,238 | €117,527 | +€51,289 | +77.4% |
| Amounts payable | 17/49 | €139,067 | €70,633 | -€68,434 | -49.2% |
| Amounts payable within one year | 42/48 | €139,067 | €70,633 | -€68,434 | -49.2% |
| Trade debts | 44 | €3,696 | €8,101 | +€4,405 | +119% |
| Suppliers | 440/4 | €3,696 | €8,101 | +€4,405 | +119% |
| Taxes, remuneration and social security | 45 | €63,382 | €50,929 | -€12,453 | -19.6% |
| Taxes | 450/3 | €54,620 | €44,255 | -€10,365 | -19.0% |
| Remuneration and social security | 454/9 | €8,762 | €6,674 | -€2,088 | -23.8% |
| Other amounts payable | 47/48 | €71,989 | €11,604 | -€60,385 | -83.9% |
| Remuneration, social security and pensions | 62 | €28,988 | €40,024 | +€11,036 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,668 | €19,275 | +€12,607 | +189% |
| Other operating charges | 640/8 | €63 | - | -€63 | |
| Gross operating margin | 9900 | €216,374 | €266,576 | +€50,203 | +23.2% |
| Operating profit (loss) | 9901 | €180,654 | €207,277 | +€26,622 | +14.7% |
| Financial income | 75/76B | €7,840 | €14,760 | +€6,920 | +88.3% |
| Recurring financial income | 75 | €7,840 | €14,760 | +€6,920 | +88.3% |
| Financial charges | 65/66B | €286 | €1,964 | +€1,677 | +586% |
| Recurring financial charges | 65 | €286 | €1,964 | +€1,677 | +586% |
| Profit (loss) for the period before taxes | 9903 | €188,208 | €220,073 | +€31,865 | +16.9% |
| Income taxes | 67/77 | €59,576 | €68,784 | +€9,208 | +15.5% |
| Profit (loss) for the period | 9904 | €128,632 | €151,289 | +€22,657 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €128,632 | €151,289 | +€22,657 | +17.6% |
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.