5by5: 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.
5by5
Largest movements
- Cash -€45,823
down €45,823 (-45.1%), from €101,570 to €55,748
mainly Contributions, distributions and other (-€200,000) and Investment in fixed assets (net) (-€3,240)
- Tangible fixed assets -€12,650
down €12,650 (-6.4%), from €196,678 to €184,028
of which Plant, machinery and equipment: -€10,080
- Reserves -€199,125
down €199,125 (-49.9%), from €399,321 to €200,195
- Other debts +€142,911
up €142,911 (+1903.3%), from €7,509 to €150,419
- Gross operating margin -€110,097
down €110,097 (-89.6%), from €122,847 to €12,750
- Taxes -€22,203
down €22,203 (-91.8%), from €24,181 to €1,977
- Financial income +€2,060
up €2,060 (+41.6%), from €4,950 to €7,010
- Depreciation -€1,282
down €1,282 (-7.5%), from €17,171 to €15,890
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 | €434,531 | €374,917 | -€59,614 | -13.7% |
| Fixed assets | 21/28 | €196,678 | €184,028 | -€12,650 | -6.4% |
| Tangible fixed assets | 22/27 | €196,678 | €184,028 | -€12,650 | -6.4% |
| Plant, machinery and equipment | 23 | €192,920 | €182,840 | -€10,080 | -5.2% |
| Furniture and vehicles | 24 | €3,758 | €1,188 | -€2,570 | -68.4% |
| Current assets | 29/58 | €237,854 | €190,889 | -€46,964 | -19.7% |
| Amounts receivable within one year | 40/41 | €128,430 | €131,562 | +€3,131 | +2.4% |
| Trade receivables | 40 | €7,611 | €9,283 | +€1,672 | +22.0% |
| Other amounts receivable | 41 | €120,819 | €122,278 | +€1,459 | +1.2% |
| Cash at bank and in hand | 54/58 | €101,570 | €55,748 | -€45,823 | -45.1% |
| Deferred charges and accrued income | 490/1 | €7,853 | €3,580 | -€4,273 | -54.4% |
| Total equity and liabilities | 10/49 | €434,531 | €374,917 | -€59,614 | -13.7% |
| Equity | 10/15 | €418,321 | €219,195 | -€199,125 | -47.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €399,321 | €200,195 | -€199,125 | -49.9% |
| Distributable reserves | 133 | €399,321 | €200,195 | -€199,125 | -49.9% |
| Amounts payable | 17/49 | €16,211 | €155,722 | +€139,511 | +860.6% |
| Amounts payable within one year | 42/48 | €16,211 | €155,722 | +€139,511 | +860.6% |
| Current portion of amounts payable after more than one year | 42 | €3,053 | - | -€3,053 | |
| Trade debts | 44 | €154 | €1,187 | +€1,033 | +671.2% |
| Suppliers | 440/4 | €154 | €1,187 | +€1,033 | +671.2% |
| Taxes, remuneration and social security | 45 | €5,495 | €4,115 | -€1,380 | -25.1% |
| Taxes | 450/3 | €5,495 | €4,115 | -€1,380 | -25.1% |
| Other amounts payable | 47/48 | €7,509 | €150,419 | +€142,911 | +1903.3% |
| Non-recurring operating income | 76A | €1,812 | - | -€1,812 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,171 | €15,890 | -€1,282 | -7.5% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €122,847 | €12,750 | -€110,097 | -89.6% |
| Operating profit (loss) | 9901 | €105,558 | -€3,260 | -€108,817 | |
| Financial income | 75/76B | €4,950 | €7,010 | +€2,060 | +41.6% |
| Recurring financial income | 75 | €4,950 | €7,010 | +€2,060 | +41.6% |
| Financial charges | 65/66B | €1,299 | €898 | -€401 | -30.9% |
| Recurring financial charges | 65 | €1,299 | €898 | -€401 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €109,208 | €2,852 | -€106,356 | -97.4% |
| Income taxes | 67/77 | €24,181 | €1,977 | -€22,203 | -91.8% |
| Profit (loss) for the period | 9904 | €85,028 | €875 | -€84,153 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,028 | €875 | -€84,153 | -99.0% |
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 30 September 2026 via checked.be.