"5/5": 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.
"5/5"
Largest movements
- Cash +€47,790
up €47,790 (+4,517%), from €1,058 to €48,848
mainly Other debts (+€46,000) and Net result for the year (+€13,544)
- Tangible fixed assets +€15,146
new in 2025: €15,146
of which Other tangible fixed assets: +€9,507
- Receivables within one year +€1,252
up €1,252 (+59.0%), from €2,120 to €3,372
of which Other amounts receivable: +€1,415
- Other debts +€46,000
new in 2025: €46,000
- Profit (loss) carried forward +€13,544
up €13,544 (+9.2%), from -€147,481 to -€133,937
- Trade debts +€5,168
up €5,168 (+3,848%), from €134 to €5,302
- Write-downs -€168,761
down €168,761 (-100%), from €168,761 to €0
- Gross operating margin -€136,916
down €136,916 (-88.3%), from €155,047 to €18,131
- Other operating charges +€1,791
up €1,791 (+354%), from €505 to €2,296
- Depreciation +€1,644
new in 2025: €1,644
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 | €3,182 | €67,365 | +€64,183 | +2,017% |
| Fixed assets | 21/28 | - | €15,146 | +€15,146 | |
| Tangible fixed assets | 22/27 | - | €15,146 | +€15,146 | |
| Plant, machinery and equipment | 23 | - | €5,638 | +€5,638 | |
| Other tangible fixed assets | 26 | - | €9,507 | +€9,507 | |
| Current assets | 29/58 | €3,182 | €52,219 | +€49,038 | +1,541% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,120 | €3,372 | +€1,252 | +59.0% |
| Trade receivables | 40 | €2,118 | €1,954 | -€163 | -7.7% |
| Other amounts receivable | 41 | €3 | €1,417 | +€1,415 | +56,137% |
| Cash at bank and in hand | 54/58 | €1,058 | €48,848 | +€47,790 | +4,517% |
| Deferred charges and accrued income | 490/1 | €4 | €0 | -€4 | -100% |
| Total equity and liabilities | 10/49 | €3,182 | €67,365 | +€64,183 | +2,017% |
| Equity | 10/15 | €2,519 | €16,063 | +€13,544 | +538% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,481 | -€133,937 | +€13,544 | +9.2% |
| Amounts payable | 17/49 | €663 | €51,302 | +€50,639 | +7,640% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €663 | €51,302 | +€50,639 | +7,640% |
| Trade debts | 44 | €134 | €5,302 | +€5,168 | +3,848% |
| Suppliers | 440/4 | €134 | €5,302 | +€5,168 | +3,848% |
| Taxes, remuneration and social security | 45 | €529 | €0 | -€529 | -100% |
| Taxes | 450/3 | €529 | €0 | -€529 | -100% |
| Other amounts payable | 47/48 | - | €46,000 | +€46,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,644 | +€1,644 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €168,761 | €0 | -€168,761 | -100% |
| Other operating charges | 640/8 | €505 | €2,296 | +€1,791 | +354% |
| Gross operating margin | 9900 | €155,047 | €18,131 | -€136,916 | -88.3% |
| Operating profit (loss) | 9901 | -€14,220 | €14,191 | +€28,411 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €169 | €657 | +€488 | +289% |
| Recurring financial charges | 65 | €169 | €657 | +€488 | +289% |
| Profit (loss) for the period before taxes | 9903 | -€14,389 | €13,544 | +€27,933 | |
| Profit (loss) for the period | 9904 | -€14,389 | €13,544 | +€27,933 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,389 | €13,544 | +€27,933 |
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 16 October 2026 via checked.be.