5+ INVEST: 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+ INVEST
Largest movements
- Tangible fixed assets -€8,928
down €8,928 (-3.5%), from €254,518 to €245,590
of which Land and buildings: -€8,035
- Cash -€2,923
down €2,923 (-47.7%), from €6,126 to €3,203
mainly Debts after one year (-€9,553) and Trade debts (-€2,534)
- Debts after one year -€9,553
down €9,553 (-4.6%), from €205,484 to €195,930
- Gross operating margin -€1,737
down €1,737 (-14.2%), from €12,220 to €10,483
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 | €263,250 | €249,648 | -€13,602 | -5.2% |
| Fixed assets | 21/28 | €254,518 | €245,590 | -€8,928 | -3.5% |
| Tangible fixed assets | 22/27 | €254,518 | €245,590 | -€8,928 | -3.5% |
| Land and buildings | 22 | €251,878 | €243,843 | -€8,035 | -3.2% |
| Furniture and vehicles | 24 | €2,640 | €1,747 | -€893 | -33.8% |
| Current assets | 29/58 | €8,732 | €4,058 | -€4,674 | -53.5% |
| Amounts receivable within one year | 40/41 | €2,606 | €856 | -€1,751 | -67.2% |
| Trade receivables | 40 | - | €420 | +€420 | |
| Other amounts receivable | 41 | €2,606 | €436 | -€2,171 | -83.3% |
| Cash at bank and in hand | 54/58 | €6,126 | €3,203 | -€2,923 | -47.7% |
| Total equity and liabilities | 10/49 | €263,250 | €249,648 | -€13,602 | -5.2% |
| Equity | 10/15 | €44,461 | €42,830 | -€1,631 | -3.7% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,539 | -€12,170 | -€1,631 | -15.5% |
| Amounts payable | 17/49 | €218,790 | €206,818 | -€11,971 | -5.5% |
| Amounts payable after more than one year | 17 | €205,484 | €195,930 | -€9,553 | -4.6% |
| Financial debts | 170/4 | €205,484 | €195,930 | -€9,553 | -4.6% |
| Amounts payable within one year | 42/48 | €13,306 | €10,888 | -€2,418 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €9,503 | €9,619 | +€116 | +1.2% |
| Trade debts | 44 | €3,734 | €1,200 | -€2,534 | -67.9% |
| Suppliers | 440/4 | €3,734 | €1,200 | -€2,534 | -67.9% |
| Other amounts payable | 47/48 | €69 | €69 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,928 | €8,928 | = | 0.0% |
| Other operating charges | 640/8 | €1,535 | €1,580 | +€45 | +2.9% |
| Gross operating margin | 9900 | €12,220 | €10,483 | -€1,737 | -14.2% |
| Operating profit (loss) | 9901 | €1,757 | -€25 | -€1,782 | |
| Financial charges | 65/66B | €1,727 | €1,606 | -€121 | -7.0% |
| Recurring financial charges | 65 | €1,727 | €1,606 | -€121 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €29 | -€1,631 | -€1,660 | |
| Profit (loss) for the period | 9904 | €29 | -€1,631 | -€1,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €29 | -€1,631 | -€1,660 |
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 27 October 2026 via checked.be.