5 voor 12: what changed
5 voor 12
Largest movements
- Cash -€9,167
down €9,167 (-82.0%), from €11,185 to €2,018
mainly Net result for the year (-€28,981) and Contributions, distributions and other (-€20,000)
- Tangible fixed assets -€5,744
down €5,744 (-74.0%), from €7,762 to €2,017
of which Furniture and vehicles: -€4,012
- Intangible fixed assets -€3,500
down €3,500 (-11.8%), from €29,750 to €26,250
- Profit (loss) carried forward -€28,981
down €28,981, from €347 to -€28,634
- Reserves -€20,000
down €20,000 (-17.2%), from €116,000 to €96,000
of which Distributable reserves: -€20,000
- Trade debts +€17,923
up €17,923 (+128%), from €14,050 to €31,973
- Advances received +€14,000
new in 2025: €14,000
- Tax, wage and social debts -€2,848
down €2,848 (-20.0%), from €14,262 to €11,413
- Gross operating margin -€22,231
down €22,231, from €5,204 to -€17,027
- Financial income -€2,090
down €2,090 (-50.1%), from €4,171 to €2,081
- Depreciation -€1,636
down €1,636 (-15.0%), from €10,881 to €9,244
- Other operating charges +€1,586
up €1,586 (+434%), from €365 to €1,951
- Financial charges +€1,527
up €1,527 (+116%), from €1,313 to €2,840
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,359 | €131,453 | -€19,907 | -13.2% |
| Fixed assets | 21/28 | €37,512 | €28,267 | -€9,244 | -24.6% |
| Intangible fixed assets | 21 | €29,750 | €26,250 | -€3,500 | -11.8% |
| Tangible fixed assets | 22/27 | €7,762 | €2,017 | -€5,744 | -74.0% |
| Plant, machinery and equipment | 23 | €3,749 | €2,017 | -€1,732 | -46.2% |
| Furniture and vehicles | 24 | €4,012 | - | -€4,012 | |
| Current assets | 29/58 | €113,848 | €103,186 | -€10,662 | -9.4% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €101,663 | €100,167 | -€1,495 | -1.5% |
| Trade receivables | 40 | €14,557 | €31,553 | +€16,996 | +117% |
| Other amounts receivable | 41 | €87,105 | €68,614 | -€18,492 | -21.2% |
| Cash at bank and in hand | 54/58 | €11,185 | €2,018 | -€9,167 | -82.0% |
| Total equity and liabilities | 10/49 | €151,359 | €131,453 | -€19,907 | -13.2% |
| Equity | 10/15 | €123,047 | €74,066 | -€48,981 | -39.8% |
| Contributions | 10/11 | €6,700 | €6,700 | = | 0.0% |
| Reserves | 13 | €116,000 | €96,000 | -€20,000 | -17.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €114,000 | €94,000 | -€20,000 | -17.5% |
| Profit (loss) carried forward | 14 | €347 | -€28,634 | -€28,981 | |
| Amounts payable | 17/49 | €28,312 | €57,387 | +€29,075 | +103% |
| Amounts payable within one year | 42/48 | €28,312 | €57,387 | +€29,075 | +103% |
| Trade debts | 44 | €14,050 | €31,973 | +€17,923 | +128% |
| Suppliers | 440/4 | €14,050 | €31,973 | +€17,923 | +128% |
| Advances received on contracts in progress | 46 | - | €14,000 | +€14,000 | |
| Taxes, remuneration and social security | 45 | €14,262 | €11,413 | -€2,848 | -20.0% |
| Taxes | 450/3 | €14,262 | €11,413 | -€2,848 | -20.0% |
| Non-recurring operating income | 76A | - | €8,264 | +€8,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,881 | €9,244 | -€1,636 | -15.0% |
| Other operating charges | 640/8 | €365 | €1,951 | +€1,586 | +434% |
| Gross operating margin | 9900 | €5,204 | -€17,027 | -€22,231 | |
| Operating profit (loss) | 9901 | -€6,042 | -€28,222 | -€22,181 | -367% |
| Financial income | 75/76B | €4,171 | €2,081 | -€2,090 | -50.1% |
| Recurring financial income | 75 | €4,171 | €2,081 | -€2,090 | -50.1% |
| Financial charges | 65/66B | €1,313 | €2,840 | +€1,527 | +116% |
| Recurring financial charges | 65 | €1,313 | €2,840 | +€1,527 | +116% |
| Profit (loss) for the period before taxes | 9903 | -€3,184 | -€28,981 | -€25,797 | -810% |
| Profit (loss) for the period | 9904 | -€3,184 | -€28,981 | -€25,797 | -810% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,184 | -€28,981 | -€25,797 | -810% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.