YELOW: 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.
YELOW
Largest movements
- Cash -€105,239
down €105,239 (-89.2%), from €117,979 to €12,741
mainly Contributions, distributions and other (-€140,000) and Tax, wage and social debts (-€17,475)
- Current investments -€28,018
down €28,018 (-100%), from €28,018 to €0
- Deferred charges and accrued income +€11,577
up €11,577 (+658%), from €1,758 to €13,335
- Receivables within one year -€10,020
down €10,020 (-54.0%), from €18,556 to €8,536
of which Other amounts receivable: -€11,910
- Financial fixed assets -€4,400
down €4,400 (-95.7%), from €4,600 to €200
- Reserves -€150,034
down €150,034 (-99.2%), from €151,262 to €1,228
- Other debts +€22,610
up €22,610 (+1,573%), from €1,437 to €24,047
- Tax, wage and social debts -€17,475
down €17,475 (-70.7%), from €24,705 to €7,230
- Trade debts +€11,090
up €11,090 (+266%), from €4,171 to €15,260
- Gross operating margin -€45,308
down €45,308 (-65.7%), from €69,008 to €23,700
- Financial charges +€24,794
up €24,794 (+6,593%), from €376 to €25,170
- Taxes -€10,264
down €10,264 (-62.2%), from €16,497 to €6,232
- Other operating charges -€1,286
down €1,286 (-75.4%), from €1,706 to €420
- Financial income -€862
down €862 (-93.5%), from €922 to €60
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 | €185,007 | €51,065 | -€133,943 | -72.4% |
| Fixed assets | 21/28 | €9,939 | €4,807 | -€5,132 | -51.6% |
| Tangible fixed assets | 22/27 | €5,339 | €4,607 | -€732 | -13.7% |
| Furniture and vehicles | 24 | €5,339 | €4,607 | -€732 | -13.7% |
| Financial fixed assets | 28 | €4,600 | €200 | -€4,400 | -95.7% |
| Current assets | 29/58 | €175,069 | €46,258 | -€128,811 | -73.6% |
| Stocks and contracts in progress | 3 | €8,756 | €11,645 | +€2,889 | +33.0% |
| Stocks | 30/36 | €8,756 | €11,645 | +€2,889 | +33.0% |
| Amounts receivable within one year | 40/41 | €18,556 | €8,536 | -€10,020 | -54.0% |
| Trade receivables | 40 | €551 | €2,441 | +€1,890 | +343% |
| Other amounts receivable | 41 | €18,005 | €6,095 | -€11,910 | -66.1% |
| Current investments | 50/53 | €28,018 | €0 | -€28,018 | -100% |
| Cash at bank and in hand | 54/58 | €117,979 | €12,741 | -€105,239 | -89.2% |
| Deferred charges and accrued income | 490/1 | €1,758 | €13,335 | +€11,577 | +658% |
| Total equity and liabilities | 10/49 | €185,007 | €51,065 | -€133,943 | -72.4% |
| Equity | 10/15 | €154,262 | €4,228 | -€150,034 | -97.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €151,262 | €1,228 | -€150,034 | -99.2% |
| Distributable reserves | 133 | €151,262 | €1,228 | -€150,034 | -99.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,746 | €46,837 | +€16,091 | +52.3% |
| Amounts payable within one year | 42/48 | €30,746 | €46,537 | +€15,791 | +51.4% |
| Financial debts | 43 | €333 | €0 | -€333 | -100% |
| Credit institutions | 430/8 | €333 | €0 | -€333 | -100% |
| Trade debts | 44 | €4,171 | €15,260 | +€11,090 | +266% |
| Suppliers | 440/4 | €4,171 | €15,260 | +€11,090 | +266% |
| Advances received on contracts in progress | 46 | €100 | €0 | -€100 | -100% |
| Taxes, remuneration and social security | 45 | €24,705 | €7,230 | -€17,475 | -70.7% |
| Taxes | 450/3 | €24,705 | €7,230 | -€17,475 | -70.7% |
| Other amounts payable | 47/48 | €1,437 | €24,047 | +€22,610 | +1,573% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,171 | €1,971 | +€800 | +68.3% |
| Other operating charges | 640/8 | €1,706 | €420 | -€1,286 | -75.4% |
| Gross operating margin | 9900 | €69,008 | €23,700 | -€45,308 | -65.7% |
| Operating profit (loss) | 9901 | €66,130 | €21,309 | -€44,821 | -67.8% |
| Financial income | 75/76B | €922 | €60 | -€862 | -93.5% |
| Recurring financial income | 75 | €922 | €60 | -€862 | -93.5% |
| Financial charges | 65/66B | €376 | €25,170 | +€24,794 | +6,593% |
| Recurring financial charges | 65 | €376 | €25,170 | +€24,794 | +6,593% |
| Profit (loss) for the period before taxes | 9903 | €66,676 | -€3,802 | -€70,477 | |
| Income taxes | 67/77 | €16,497 | €6,232 | -€10,264 | -62.2% |
| Profit (loss) for the period | 9904 | €50,179 | -€10,034 | -€60,213 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,179 | -€10,034 | -€60,213 |
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 20 October 2026 via checked.be.