5P MANAGEMENT SOLUTIONS: 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.
5P MANAGEMENT SOLUTIONS
Largest movements
- Current investments -€42,706
down €42,706 (-73.8%), from €57,834 to €15,128
- Tangible fixed assets -€19,341
down €19,341 (-15.5%), from €124,811 to €105,470
of which Leasing and similar rights: -€17,393
- Receivables within one year -€19,064
down €19,064 (-23.3%), from €81,935 to €62,871
of which Trade receivables: -€17,845
- Cash -€4,480
down €4,480 (-100%), from €4,480 to €0
mainly Contributions, distributions and other (-€31,942) and Trade debts (-€21,686)
- Reserves -€31,942
down €31,942 (-19.7%), from €162,126 to €130,184
of which Distributable reserves: -€31,942
- Trade debts -€21,686
down €21,686 (-64.7%), from €33,511 to €11,825
- Debts after one year -€14,029
down €14,029 (-24.2%), from €57,939 to €43,910
- Tax, wage and social debts -€9,841
down €9,841 (-100%), from €9,841 to €0
- Profit (loss) carried forward -€7,521
down €7,521 (-23.7%), from €31,757 to €24,235
- Gross operating margin -€69,644
down €69,644 (-68.7%), from €101,442 to €31,797
- Taxes -€20,039
down €20,039 (-91.6%), from €21,886 to €1,848
- Depreciation +€3,769
up €3,769 (+13.5%), from €27,900 to €31,669
- Financial charges +€3,048
up €3,048 (+164%), from €1,859 to €4,907
- Other operating charges -€1,621
down €1,621 (-36.3%), from €4,471 to €2,850
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 | €328,826 | €245,507 | -€83,320 | -25.3% |
| Fixed assets | 21/28 | €124,811 | €105,470 | -€19,341 | -15.5% |
| Tangible fixed assets | 22/27 | €124,811 | €105,470 | -€19,341 | -15.5% |
| Furniture and vehicles | 24 | €19,905 | €19,078 | -€827 | -4.2% |
| Leasing and similar rights | 25 | €83,774 | €66,381 | -€17,393 | -20.8% |
| Other tangible fixed assets | 26 | €21,132 | €20,011 | -€1,121 | -5.3% |
| Current assets | 29/58 | €204,015 | €140,037 | -€63,979 | -31.4% |
| Amounts receivable after more than one year | 29 | €54,500 | €54,500 | = | 0.0% |
| Other amounts receivable | 291 | €54,500 | €54,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €81,935 | €62,871 | -€19,064 | -23.3% |
| Trade receivables | 40 | €32,725 | €14,880 | -€17,845 | -54.5% |
| Other amounts receivable | 41 | €49,210 | €47,990 | -€1,219 | -2.5% |
| Current investments | 50/53 | €57,834 | €15,128 | -€42,706 | -73.8% |
| Cash at bank and in hand | 54/58 | €4,480 | €0 | -€4,480 | -100% |
| Deferred charges and accrued income | 490/1 | €5,267 | €7,538 | +€2,271 | +43.1% |
| Total equity and liabilities | 10/49 | €328,826 | €245,507 | -€83,320 | -25.3% |
| Equity | 10/15 | €200,083 | €160,619 | -€39,464 | -19.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €162,126 | €130,184 | -€31,942 | -19.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €162,126 | €130,184 | -€31,942 | -19.7% |
| Profit (loss) carried forward | 14 | €31,757 | €24,235 | -€7,521 | -23.7% |
| Amounts payable | 17/49 | €128,744 | €84,888 | -€43,856 | -34.1% |
| Amounts payable after more than one year | 17 | €57,939 | €43,910 | -€14,029 | -24.2% |
| Financial debts | 170/4 | €57,939 | €43,910 | -€14,029 | -24.2% |
| Amounts payable within one year | 42/48 | €70,805 | €40,978 | -€29,827 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €13,324 | €14,029 | +€705 | +5.3% |
| Financial debts | 43 | €13,549 | €14,544 | +€995 | +7.3% |
| Credit institutions | 430/8 | €13,549 | €14,544 | +€995 | +7.3% |
| Trade debts | 44 | €33,511 | €11,825 | -€21,686 | -64.7% |
| Suppliers | 440/4 | €33,511 | €11,825 | -€21,686 | -64.7% |
| Taxes, remuneration and social security | 45 | €9,841 | €0 | -€9,841 | -100% |
| Taxes | 450/3 | €9,841 | €0 | -€9,841 | -100% |
| Other amounts payable | 47/48 | €580 | €580 | = | 0.0% |
| Non-recurring operating income | 76A | €9,461 | €0 | -€9,461 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,900 | €31,669 | +€3,769 | +13.5% |
| Other operating charges | 640/8 | €4,471 | €2,850 | -€1,621 | -36.3% |
| Gross operating margin | 9900 | €101,442 | €31,797 | -€69,644 | -68.7% |
| Operating profit (loss) | 9901 | €69,071 | -€2,722 | -€71,792 | |
| Financial income | 75/76B | €3,084 | €1,955 | -€1,129 | -36.6% |
| Recurring financial income | 75 | €3,084 | €1,955 | -€1,129 | -36.6% |
| Financial charges | 65/66B | €1,859 | €4,907 | +€3,048 | +164% |
| Recurring financial charges | 65 | €1,859 | €4,907 | +€3,048 | +164% |
| Profit (loss) for the period before taxes | 9903 | €70,296 | -€5,674 | -€75,969 | |
| Income taxes | 67/77 | €21,886 | €1,848 | -€20,039 | -91.6% |
| Profit (loss) for the period | 9904 | €48,409 | -€7,521 | -€55,931 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,409 | -€7,521 | -€55,931 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.