5D2: 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.
5D2
Largest movements
- Receivables within one year +€41,395
up €41,395 (+117%), from €35,290 to €76,685
of which Trade receivables: +€44,045
- Cash -€30,688
down €30,688 (-45.2%), from €67,899 to €37,210
mainly Contributions, distributions and other (-€95,311) and Receivables within one year (-€41,395)
- Tangible fixed assets -€6,691
down €6,691 (-64.9%), from €10,314 to €3,622
of which Furniture and vehicles: -€6,288
- Tax, wage and social debts +€14,966
up €14,966 (+154%), from €9,700 to €24,666
- Profit (loss) carried forward -€8,176
down €8,176 (-8.6%), from €95,311 to €87,135
- Other debts -€2,837
down €2,837 (-82.6%), from €3,436 to €599
- Gross operating margin +€33,890
up €33,890 (+36.9%), from €91,959 to €125,849
- Taxes +€13,607
up €13,607 (+76.5%), from €17,790 to €31,397
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 | €113,906 | €117,955 | +€4,049 | +3.6% |
| Fixed assets | 21/28 | €10,314 | €3,622 | -€6,691 | -64.9% |
| Tangible fixed assets | 22/27 | €10,314 | €3,622 | -€6,691 | -64.9% |
| Plant, machinery and equipment | 23 | €555 | €152 | -€403 | -72.6% |
| Furniture and vehicles | 24 | €9,759 | €3,470 | -€6,288 | -64.4% |
| Current assets | 29/58 | €103,593 | €114,333 | +€10,740 | +10.4% |
| Amounts receivable within one year | 40/41 | €35,290 | €76,685 | +€41,395 | +117% |
| Trade receivables | 40 | €32,640 | €76,685 | +€44,045 | +135% |
| Other amounts receivable | 41 | €2,650 | - | -€2,650 | |
| Cash at bank and in hand | 54/58 | €67,899 | €37,210 | -€30,688 | -45.2% |
| Deferred charges and accrued income | 490/1 | €404 | €437 | +€33 | +8.1% |
| Total equity and liabilities | 10/49 | €113,906 | €117,955 | +€4,049 | +3.6% |
| Equity | 10/15 | €100,311 | €92,135 | -€8,176 | -8.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,311 | €87,135 | -€8,176 | -8.6% |
| Amounts payable | 17/49 | €13,595 | €25,820 | +€12,225 | +89.9% |
| Amounts payable within one year | 42/48 | €13,595 | €25,820 | +€12,225 | +89.9% |
| Trade debts | 44 | €460 | €555 | +€95 | +20.7% |
| Suppliers | 440/4 | €460 | €555 | +€95 | +20.7% |
| Taxes, remuneration and social security | 45 | €9,700 | €24,666 | +€14,966 | +154% |
| Taxes | 450/3 | €9,700 | €24,666 | +€14,966 | +154% |
| Other amounts payable | 47/48 | €3,436 | €599 | -€2,837 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,541 | €6,691 | +€150 | +2.3% |
| Other operating charges | 640/8 | €592 | €794 | +€202 | +34.2% |
| Gross operating margin | 9900 | €91,959 | €125,849 | +€33,890 | +36.9% |
| Operating profit (loss) | 9901 | €84,826 | €118,363 | +€33,538 | +39.5% |
| Financial income | 75/76B | - | €276 | +€276 | |
| Recurring financial income | 75 | - | €276 | +€276 | |
| Financial charges | 65/66B | €179 | €108 | -€71 | -39.6% |
| Recurring financial charges | 65 | €179 | €108 | -€71 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €84,647 | €118,531 | +€33,885 | +40.0% |
| Income taxes | 67/77 | €17,790 | €31,397 | +€13,607 | +76.5% |
| Profit (loss) for the period | 9904 | €66,857 | €87,135 | +€20,278 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,857 | €87,135 | +€20,278 | +30.3% |
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 14 October 2026 via checked.be.