5L: 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.
5L
Largest movements
- Tangible fixed assets -€43,944
down €43,944 (-2.7%), from €1.7m to €1.6m
of which Land and buildings: -€38,741
- Other debts +€216,358
up €216,358 (+646%), from €33,471 to €249,830
- Tax, wage and social debts -€91,763
down €91,763 (-97.5%), from €94,075 to €2,312
- Profit (loss) carried forward -€88,713
down €88,713 (-13.5%), from €657,472 to €568,759
- Debts after one year -€79,874
down €79,874 (-10.1%), from €790,912 to €711,038
of which Financial debts: -€81,810
- Depreciation -€30,988
down €30,988 (-28.2%), from €109,931 to €78,944
- Financial charges +€13,321
up €13,321 (+80.6%), from €16,521 to €29,842
- Gross operating margin -€7,463
down €7,463 (-22.6%), from €32,974 to €25,511
- Other operating charges -€359
down €359 (-6.2%), from €5,808 to €5,449
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 | €1,662,124 | €1,620,425 | -€41,700 | -2.5% |
| Fixed assets | 21/28 | €1,656,592 | €1,612,648 | -€43,944 | -2.7% |
| Tangible fixed assets | 22/27 | €1,656,592 | €1,612,648 | -€43,944 | -2.7% |
| Land and buildings | 22 | €1,632,209 | €1,593,469 | -€38,741 | -2.4% |
| Plant, machinery and equipment | 23 | €285 | - | -€285 | |
| Furniture and vehicles | 24 | €1,731 | €685 | -€1,046 | -60.4% |
| Other tangible fixed assets | 26 | €22,367 | €18,494 | -€3,873 | -17.3% |
| Current assets | 29/58 | €5,532 | €7,777 | +€2,244 | +40.6% |
| Amounts receivable within one year | 40/41 | - | €1,725 | +€1,725 | |
| Trade receivables | 40 | - | €1,600 | +€1,600 | |
| Other amounts receivable | 41 | - | €125 | +€125 | |
| Cash at bank and in hand | 54/58 | €4,073 | €5,550 | +€1,477 | +36.3% |
| Deferred charges and accrued income | 490/1 | €1,460 | €502 | -€957 | -65.6% |
| Total equity and liabilities | 10/49 | €1,662,124 | €1,620,425 | -€41,700 | -2.5% |
| Equity | 10/15 | €663,672 | €574,959 | -€88,713 | -13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €657,472 | €568,759 | -€88,713 | -13.5% |
| Amounts payable | 17/49 | €998,452 | €1,045,465 | +€47,013 | +4.7% |
| Amounts payable after more than one year | 17 | €790,912 | €711,038 | -€79,874 | -10.1% |
| Financial debts | 170/4 | €789,152 | €707,342 | -€81,810 | -10.4% |
| Other amounts payable | 178/9 | €1,760 | €3,696 | +€1,936 | +110% |
| Amounts payable within one year | 42/48 | €207,540 | €334,428 | +€126,888 | +61.1% |
| Current portion of amounts payable after more than one year | 42 | €79,827 | €81,810 | +€1,983 | +2.5% |
| Trade debts | 44 | €166 | €476 | +€309 | +186% |
| Suppliers | 440/4 | €166 | €476 | +€309 | +186% |
| Taxes, remuneration and social security | 45 | €94,075 | €2,312 | -€91,763 | -97.5% |
| Taxes | 450/3 | €94,075 | €2,312 | -€91,763 | -97.5% |
| Other amounts payable | 47/48 | €33,471 | €249,830 | +€216,358 | +646% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,931 | €78,944 | -€30,988 | -28.2% |
| Other operating charges | 640/8 | €5,808 | €5,449 | -€359 | -6.2% |
| Gross operating margin | 9900 | €32,974 | €25,511 | -€7,463 | -22.6% |
| Operating profit (loss) | 9901 | -€82,765 | -€58,882 | +€23,884 | +28.9% |
| Financial income | 75/76B | €0 | €11 | +€11 | +109,000% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +109,000% |
| Financial charges | 65/66B | €16,521 | €29,842 | +€13,321 | +80.6% |
| Recurring financial charges | 65 | €16,521 | €29,842 | +€13,321 | +80.6% |
| Profit (loss) for the period before taxes | 9903 | -€99,287 | -€88,713 | +€10,574 | +10.6% |
| Income taxes | 67/77 | €144 | - | -€144 | |
| Profit (loss) for the period | 9904 | -€99,431 | -€88,713 | +€10,718 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,431 | -€88,713 | +€10,718 | +10.8% |
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 13 October 2026 via checked.be.