5115: what changed
Two fiscal 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.
5115
Largest movements
- Tangible fixed assets -€4,385
down €4,385 (-86.3%), from €5,082 to €697
- Deferred charges and accrued income -€3,850
down €3,850 (-100.0%), from €3,850 to €0
- Cash -€820
down €820 (-1.8%), from €46,743 to €45,922
mainly Trade debts (-€12,216) and Other debts (-€3,944)
- Trade debts -€12,216
down €12,216 (-81.3%), from €15,030 to €2,814
- Profit (loss) carried forward +€6,469
up €6,469 (+29.8%), from €21,699 to €28,168
- Other debts -€3,944
down €3,944 (-32.1%), from €12,297 to €8,353
- Gross operating margin +€11,178
up €11,178 (+196.1%), from €5,701 to €16,879
- Other operating charges +€2,590
up €2,590 (+245.2%), from €1,056 to €3,646
- Taxes +€2,230
up €2,230, from €0 to €2,230
- Financial income -€183
down €183 (-100.0%), from €183 to €0
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.
Cash bridge derived
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 | €57,393 | €48,089 | -€9,303 | -16.2% |
| Fixed assets | 21/28 | €5,082 | €697 | -€4,385 | -86.3% |
| Tangible fixed assets | 22/27 | €5,082 | €697 | -€4,385 | -86.3% |
| Furniture and vehicles | 24 | €5,082 | €697 | -€4,385 | -86.3% |
| Current assets | 29/58 | €52,310 | €47,392 | -€4,918 | -9.4% |
| Amounts receivable within one year | 40/41 | €1,718 | €1,470 | -€248 | -14.4% |
| Trade receivables | 40 | €1,620 | €1,323 | -€298 | -18.4% |
| Other amounts receivable | 41 | €97 | €147 | +€50 | +51.8% |
| Cash at bank and in hand | 54/58 | €46,743 | €45,922 | -€820 | -1.8% |
| Deferred charges and accrued income | 490/1 | €3,850 | €0 | -€3,850 | -100.0% |
| Total equity and liabilities | 10/49 | €57,393 | €48,089 | -€9,303 | -16.2% |
| Equity | 10/15 | €23,699 | €30,168 | +€6,469 | +27.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,699 | €28,168 | +€6,469 | +29.8% |
| Amounts payable | 17/49 | €33,693 | €17,921 | -€15,772 | -46.8% |
| Amounts payable within one year | 42/48 | €33,693 | €17,921 | -€15,772 | -46.8% |
| Financial debts | 43 | - | €19 | +€19 | |
| Credit institutions | 430/8 | - | €19 | +€19 | |
| Trade debts | 44 | €15,030 | €2,814 | -€12,216 | -81.3% |
| Suppliers | 440/4 | €15,030 | €2,814 | -€12,216 | -81.3% |
| Taxes, remuneration and social security | 45 | €6,367 | €6,736 | +€369 | +5.8% |
| Taxes | 450/3 | €6,367 | €6,736 | +€369 | +5.8% |
| Other amounts payable | 47/48 | €12,297 | €8,353 | -€3,944 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,385 | €4,385 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,056 | €3,646 | +€2,590 | +245.2% |
| Gross operating margin | 9900 | €5,701 | €16,879 | +€11,178 | +196.1% |
| Operating profit (loss) | 9901 | €259 | €8,847 | +€8,588 | +3313.8% |
| Financial income | 75/76B | €183 | €0 | -€183 | -100.0% |
| Recurring financial income | 75 | €183 | €0 | -€183 | -100.0% |
| Financial charges | 65/66B | €288 | €148 | -€139 | -48.5% |
| Recurring financial charges | 65 | €288 | €148 | -€139 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €154 | €8,699 | +€8,545 | +5541.6% |
| Income taxes | 67/77 | €0 | €2,230 | +€2,230 | |
| Profit (loss) for the period | 9904 | €154 | €6,469 | +€6,315 | +4095.3% |
| Profit (loss) for the period to be appropriated | 9905 | €154 | €6,469 | +€6,315 | +4095.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.