YELLOWWOOD: 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.
YELLOWWOOD
Largest movements
- Cash +€37,242
up €37,242 (+94.9%), from €39,252 to €76,494
mainly Net result for the year (+€66,880) and Trade debts (+€9,090)
- Receivables within one year +€18,768
up €18,768 (+37.2%), from €50,384 to €69,152
of which Trade receivables: +€17,532
- Tangible fixed assets +€4,324
up €4,324 (+27.4%), from €15,792 to €20,116
of which Furniture and vehicles: +€4,508
- Reserves +€48,056
up €48,056 (+78.4%), from €61,310 to €109,366
- Trade debts +€9,090
up €9,090 (+71.4%), from €12,739 to €21,829
- Tax, wage and social debts +€8,255
up €8,255 (+53.8%), from €15,356 to €23,611
of which Taxes: +€6,775
- Debts after one year -€5,030
down €5,030 (-41.6%), from €12,077 to €7,047
- Gross operating margin +€51,255
up €51,255 (+84.1%), from €60,941 to €112,196
- Staff costs +€11,083
new in 2025: €11,083
- Taxes +€9,019
up €9,019 (+66.2%), from €13,617 to €22,637
- Other operating charges +€1,568
up €1,568 (+302%), from €520 to €2,087
- Depreciation +€1,318
up €1,318 (+34.7%), from €3,794 to €5,112
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 | €112,594 | €173,508 | +€60,914 | +54.1% |
| Fixed assets | 21/28 | €15,792 | €20,116 | +€4,324 | +27.4% |
| Tangible fixed assets | 22/27 | €15,792 | €20,116 | +€4,324 | +27.4% |
| Furniture and vehicles | 24 | €12,100 | €16,608 | +€4,508 | +37.3% |
| Other tangible fixed assets | 26 | €3,692 | €3,508 | -€184 | -5.0% |
| Current assets | 29/58 | €96,802 | €153,392 | +€56,590 | +58.5% |
| Amounts receivable within one year | 40/41 | €50,384 | €69,152 | +€18,768 | +37.2% |
| Trade receivables | 40 | €48,977 | €66,509 | +€17,532 | +35.8% |
| Other amounts receivable | 41 | €1,407 | €2,643 | +€1,236 | +87.8% |
| Cash at bank and in hand | 54/58 | €39,252 | €76,494 | +€37,242 | +94.9% |
| Deferred charges and accrued income | 490/1 | €7,165 | €7,745 | +€580 | +8.1% |
| Total equity and liabilities | 10/49 | €112,594 | €173,508 | +€60,914 | +54.1% |
| Equity | 10/15 | €65,310 | €113,366 | +€48,056 | +73.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €61,310 | €109,366 | +€48,056 | +78.4% |
| Distributable reserves | 133 | €61,310 | €109,366 | +€48,056 | +78.4% |
| Amounts payable | 17/49 | €47,284 | €60,142 | +€12,858 | +27.2% |
| Amounts payable after more than one year | 17 | €12,077 | €7,047 | -€5,030 | -41.6% |
| Financial debts | 170/4 | €12,077 | €7,047 | -€5,030 | -41.6% |
| Amounts payable within one year | 42/48 | €35,208 | €51,745 | +€16,538 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | €4,821 | €5,030 | +€209 | +4.3% |
| Financial debts | 43 | €1,269 | €1,275 | +€6 | +0.5% |
| Other loans | 439 | €1,269 | €1,275 | +€6 | +0.5% |
| Trade debts | 44 | €12,739 | €21,829 | +€9,090 | +71.4% |
| Suppliers | 440/4 | €12,739 | €21,829 | +€9,090 | +71.4% |
| Advances received on contracts in progress | 46 | €765 | - | -€765 | |
| Taxes, remuneration and social security | 45 | €15,356 | €23,611 | +€8,255 | +53.8% |
| Taxes | 450/3 | €15,356 | €22,132 | +€6,775 | +44.1% |
| Remuneration and social security | 454/9 | - | €1,479 | +€1,479 | |
| Other amounts payable | 47/48 | €258 | - | -€258 | |
| Accrued charges and deferred income | 492/3 | - | €1,350 | +€1,350 | |
| Remuneration, social security and pensions | 62 | - | €11,083 | +€11,083 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,794 | €5,112 | +€1,318 | +34.7% |
| Other operating charges | 640/8 | €520 | €2,087 | +€1,568 | +302% |
| Gross operating margin | 9900 | €60,941 | €112,196 | +€51,255 | +84.1% |
| Operating profit (loss) | 9901 | €56,627 | €93,914 | +€37,286 | +65.8% |
| Financial income | 75/76B | €37 | €152 | +€115 | +306% |
| Recurring financial income | 75 | €37 | €152 | +€115 | +306% |
| Financial charges | 65/66B | €4,612 | €4,549 | -€63 | -1.4% |
| Recurring financial charges | 65 | €4,612 | €4,549 | -€63 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €52,053 | €89,517 | +€37,464 | +72.0% |
| Income taxes | 67/77 | €13,617 | €22,637 | +€9,019 | +66.2% |
| Profit (loss) for the period | 9904 | €38,436 | €66,880 | +€28,444 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,436 | €66,880 | +€28,444 | +74.0% |
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 25 October 2026 via checked.be.