5 O'CLOCK: 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 O'CLOCK
Largest movements
- Receivables within one year +€4,671
up €4,671 (+47.4%), from €9,858 to €14,529
of which Trade receivables: +€3,036
- Cash +€2,779
up €2,779 (+120%), from €2,310 to €5,089
mainly Net result for the year (+€9,236) and Deferred charges and accrued income (+€2,091)
- Deferred charges and accrued income -€2,091
down €2,091 (-85.8%), from €2,436 to €345
- Tangible fixed assets -€863
down €863 (-39.5%), from €2,182 to €1,319
- Profit (loss) carried forward +€9,236
up €9,236 (+42.1%), from -€21,926 to -€12,689
- Other debts -€3,232
down €3,232 (-22.0%), from €14,671 to €11,440
- Trade debts -€2,079
down €2,079 (-69.5%), from €2,990 to €911
- Tax, wage and social debts +€734
up €734 (+57.8%), from €1,271 to €2,005
of which Taxes: +€733
- Gross operating margin +€9,996
up €9,996 (+1,059%), from €944 to €10,940
- Depreciation -€471
down €471 (-35.3%), from €1,334 to €863
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 | €16,936 | €21,432 | +€4,496 | +26.5% |
| Fixed assets | 21/28 | €2,332 | €1,469 | -€863 | -37.0% |
| Tangible fixed assets | 22/27 | €2,182 | €1,319 | -€863 | -39.5% |
| Furniture and vehicles | 24 | €2,182 | €1,319 | -€863 | -39.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €14,604 | €19,963 | +€5,359 | +36.7% |
| Amounts receivable within one year | 40/41 | €9,858 | €14,529 | +€4,671 | +47.4% |
| Trade receivables | 40 | €9,858 | €12,894 | +€3,036 | +30.8% |
| Other amounts receivable | 41 | - | €1,635 | +€1,635 | |
| Cash at bank and in hand | 54/58 | €2,310 | €5,089 | +€2,779 | +120% |
| Deferred charges and accrued income | 490/1 | €2,436 | €345 | -€2,091 | -85.8% |
| Total equity and liabilities | 10/49 | €16,936 | €21,432 | +€4,496 | +26.5% |
| Equity | 10/15 | -€2,160 | €7,077 | +€9,236 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,216 | €1,216 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,216 | €1,216 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,216 | €1,216 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,926 | -€12,689 | +€9,236 | +42.1% |
| Amounts payable | 17/49 | €19,096 | €14,356 | -€4,740 | -24.8% |
| Amounts payable within one year | 42/48 | €18,932 | €14,356 | -€4,576 | -24.2% |
| Trade debts | 44 | €2,990 | €911 | -€2,079 | -69.5% |
| Suppliers | 440/4 | €2,990 | €911 | -€2,079 | -69.5% |
| Taxes, remuneration and social security | 45 | €1,271 | €2,005 | +€734 | +57.8% |
| Taxes | 450/3 | €1,271 | €2,004 | +€733 | +57.7% |
| Remuneration and social security | 454/9 | - | €1 | +€1 | |
| Other amounts payable | 47/48 | €14,671 | €11,440 | -€3,232 | -22.0% |
| Accrued charges and deferred income | 492/3 | €164 | - | -€164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,334 | €863 | -€471 | -35.3% |
| Other operating charges | 640/8 | €564 | €584 | +€21 | +3.6% |
| Gross operating margin | 9900 | €944 | €10,940 | +€9,996 | +1,059% |
| Operating profit (loss) | 9901 | -€954 | €9,493 | +€10,447 | |
| Financial income | 75/76B | €1 | €1 | -€0 | -26.6% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -26.6% |
| Financial charges | 65/66B | €78 | €93 | +€15 | +18.9% |
| Recurring financial charges | 65 | €78 | €93 | +€15 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,031 | €9,401 | +€10,432 | |
| Income taxes | 67/77 | €140 | €165 | +€25 | +18.3% |
| Profit (loss) for the period | 9904 | -€1,170 | €9,236 | +€10,406 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,170 | €9,236 | +€10,406 |
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.