5LMN: 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.
5LMN
Largest movements
- Receivables within one year -€49,272
down €49,272 (-99.0%), from €49,763 to €490
of which Trade receivables: -€49,272
- Tangible fixed assets -€37,832
down €37,832 (-67.3%), from €56,256 to €18,423
of which Plant, machinery and equipment: -€25,935
- Stocks and contracts -€37,427
down €37,427 (-82.8%), from €45,219 to €7,792
- Cash +€20,010
up €20,010 (+99.4%), from €20,124 to €40,134
mainly Receivables within one year (+€49,272) and Stocks and contracts (+€37,427)
- Profit (loss) carried forward -€61,324
down €61,324 (-70.6%), from -€86,919 to -€148,243
- Trade debts -€32,611
down €32,611 (-95.7%), from €34,082 to €1,471
- Other debts -€6,829
down €6,829 (-3.5%), from €195,000 to €188,171
- Tax, wage and social debts -€3,702
down €3,702 (-32.9%), from €11,255 to €7,553
of which Taxes: -€3,702
- Gross operating margin -€35,946
down €35,946 (-863.4%), from -€4,163 to -€40,109
- Depreciation -€20,899
down €20,899 (-68.1%), from €30,710 to €9,812
- Financial charges +€9,905
up €9,905 (+2418.1%), from €410 to €10,314
of which Non-recurring financial charges: +€10,109
- Financial income -€747
down €747 (-93.8%), from €796 to €49
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 | €172,018 | €67,553 | -€104,465 | -60.7% |
| Fixed assets | 21/28 | €56,364 | €18,532 | -€37,832 | -67.1% |
| Tangible fixed assets | 22/27 | €56,256 | €18,423 | -€37,832 | -67.3% |
| Plant, machinery and equipment | 23 | €32,988 | €7,052 | -€25,935 | -78.6% |
| Furniture and vehicles | 24 | €2,085 | €0 | -€2,085 | -100.0% |
| Other tangible fixed assets | 26 | €21,183 | €11,371 | -€9,812 | -46.3% |
| Financial fixed assets | 28 | €108 | €108 | = | 0.0% |
| Current assets | 29/58 | €115,654 | €49,021 | -€66,633 | -57.6% |
| Stocks and contracts in progress | 3 | €45,219 | €7,792 | -€37,427 | -82.8% |
| Stocks | 30/36 | €45,219 | €7,792 | -€37,427 | -82.8% |
| Amounts receivable within one year | 40/41 | €49,763 | €490 | -€49,272 | -99.0% |
| Trade receivables | 40 | €49,763 | €490 | -€49,272 | -99.0% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €20,124 | €40,134 | +€20,010 | +99.4% |
| Deferred charges and accrued income | 490/1 | €549 | €605 | +€56 | +10.2% |
| Total equity and liabilities | 10/49 | €172,018 | €67,553 | -€104,465 | -60.7% |
| Equity | 10/15 | -€68,319 | -€129,643 | -€61,324 | -89.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,919 | -€148,243 | -€61,324 | -70.6% |
| Amounts payable | 17/49 | €240,337 | €197,196 | -€43,141 | -18.0% |
| Amounts payable within one year | 42/48 | €240,337 | €197,196 | -€43,141 | -18.0% |
| Trade debts | 44 | €34,082 | €1,471 | -€32,611 | -95.7% |
| Suppliers | 440/4 | €34,082 | €1,471 | -€32,611 | -95.7% |
| Taxes, remuneration and social security | 45 | €11,255 | €7,553 | -€3,702 | -32.9% |
| Taxes | 450/3 | €11,255 | €7,553 | -€3,702 | -32.9% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €195,000 | €188,171 | -€6,829 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,710 | €9,812 | -€20,899 | -68.1% |
| Other operating charges | 640/8 | €1,109 | €1,134 | +€25 | +2.3% |
| Gross operating margin | 9900 | -€4,163 | -€40,109 | -€35,946 | -863.4% |
| Operating profit (loss) | 9901 | -€35,983 | -€51,055 | -€15,072 | -41.9% |
| Financial income | 75/76B | €796 | €49 | -€747 | -93.8% |
| Recurring financial income | 75 | €796 | €49 | -€747 | -93.8% |
| Financial charges | 65/66B | €410 | €10,314 | +€9,905 | +2418.1% |
| Recurring financial charges | 65 | €410 | €205 | -€204 | -49.9% |
| Non-recurring financial charges | 66B | - | €10,109 | +€10,109 | |
| Profit (loss) for the period before taxes | 9903 | -€35,597 | -€61,320 | -€25,723 | -72.3% |
| Income taxes | 67/77 | €1 | €3 | +€3 | +307.1% |
| Profit (loss) for the period | 9904 | -€35,598 | -€61,324 | -€25,726 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,598 | -€61,324 | -€25,726 | -72.3% |
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 7 October 2026 via checked.be.