5 Oceans: 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 Oceans
Largest movements
- Receivables within one year +€74,092
up €74,092 (+123%), from €60,105 to €134,197
of which Trade receivables: +€41,090
- Tangible fixed assets -€49,040
down €49,040 (-80.2%), from €61,152 to €12,112
- Cash +€16,013
up €16,013 (+14,309%), from €112 to €16,125
mainly Investment in fixed assets (net) (+€41,962) and Trade debts (+€24,024)
- Financial fixed assets +€4,050
new in 2025: €4,050
- Trade debts +€24,024
up €24,024 (+483%), from €4,971 to €28,995
- Tax, wage and social debts +€15,412
up €15,412 (+53.0%), from €29,052 to €44,464
- Accrued charges and deferred income +€4,513
new in 2025: €4,513
- Financial income -€68,529
down €68,529 (-100.0%), from €68,532 to €3
- Taxes -€18,045
down €18,045 (-70.8%), from €25,480 to €7,435
- Depreciation -€6,469
down €6,469 (-68.1%), from €9,497 to €3,028
- Gross operating margin -€1,671
down €1,671 (-5.9%), from €28,425 to €26,754
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 | €121,369 | €166,484 | +€45,115 | +37.2% |
| Fixed assets | 21/28 | €61,152 | €16,162 | -€44,990 | -73.6% |
| Tangible fixed assets | 22/27 | €61,152 | €12,112 | -€49,040 | -80.2% |
| Furniture and vehicles | 24 | €61,152 | €12,112 | -€49,040 | -80.2% |
| Financial fixed assets | 28 | - | €4,050 | +€4,050 | |
| Current assets | 29/58 | €60,217 | €150,322 | +€90,105 | +150% |
| Amounts receivable within one year | 40/41 | €60,105 | €134,197 | +€74,092 | +123% |
| Trade receivables | 40 | €36,448 | €77,537 | +€41,090 | +113% |
| Other amounts receivable | 41 | €23,657 | €56,660 | +€33,003 | +140% |
| Cash at bank and in hand | 54/58 | €112 | €16,125 | +€16,013 | +14,309% |
| Total equity and liabilities | 10/49 | €121,369 | €166,484 | +€45,115 | +37.2% |
| Equity | 10/15 | €87,347 | €88,513 | +€1,166 | +1.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €72,347 | €73,513 | +€1,166 | +1.6% |
| Distributable reserves | 133 | €72,347 | €73,513 | +€1,166 | +1.6% |
| Amounts payable | 17/49 | €34,023 | €77,972 | +€43,949 | +129% |
| Amounts payable within one year | 42/48 | €34,023 | €73,459 | +€39,436 | +116% |
| Trade debts | 44 | €4,971 | €28,995 | +€24,024 | +483% |
| Suppliers | 440/4 | €4,971 | €28,995 | +€24,024 | +483% |
| Taxes, remuneration and social security | 45 | €29,052 | €44,464 | +€15,412 | +53.0% |
| Taxes | 450/3 | €29,052 | €44,464 | +€15,412 | +53.0% |
| Accrued charges and deferred income | 492/3 | - | €4,513 | +€4,513 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,497 | €3,028 | -€6,469 | -68.1% |
| Other operating charges | 640/8 | €199 | €53 | -€146 | -73.3% |
| Non-recurring operating charges | 66A | - | €14,652 | +€14,652 | |
| Gross operating margin | 9900 | €28,425 | €26,754 | -€1,671 | -5.9% |
| Operating profit (loss) | 9901 | €18,729 | €9,021 | -€9,708 | -51.8% |
| Financial income | 75/76B | €68,532 | €3 | -€68,529 | -100.0% |
| Recurring financial income | 75 | €68,532 | €3 | -€68,529 | -100.0% |
| Financial charges | 65/66B | €571 | €423 | -€148 | -25.9% |
| Recurring financial charges | 65 | €571 | €423 | -€148 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €86,691 | €8,601 | -€78,090 | -90.1% |
| Income taxes | 67/77 | €25,480 | €7,435 | -€18,045 | -70.8% |
| Profit (loss) for the period | 9904 | €61,210 | €1,166 | -€60,044 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,210 | €1,166 | -€60,044 | -98.1% |
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 22 October 2026 via checked.be.