5PK: 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.
5PK
Largest movements
- Tangible fixed assets -€6,031
down €6,031 (-39.7%), from €15,177 to €9,146
of which Plant, machinery and equipment: -€5,771
- Cash -€4,720
down €4,720 (-45.0%), from €10,489 to €5,769
mainly Short-term financial debts (-€4,800) and Net result for the year (-€3,543)
- Receivables within one year -€336
no longer reported in 2025 (was €336)
- Short-term financial debts -€4,800
down €4,800 (-36.6%), from €13,120 to €8,320
- Profit (loss) carried forward -€3,543
down €3,543 (-70.7%), from €5,013 to €1,470
- Other debts -€1,959
down €1,959 (-89.9%), from €2,179 to €220
- Tax, wage and social debts -€783
down €783 (-80.8%), from €969 to €186
- Gross operating margin -€6,296
down €6,296 (-73.5%), from €8,563 to €2,267
- Depreciation +€2,183
up €2,183 (+56.7%), from €3,849 to €6,032
- Taxes -€1,500
down €1,500, from €1,000 to -€500
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 | €26,481 | €15,396 | -€11,085 | -41.9% |
| Fixed assets | 21/28 | €15,177 | €9,146 | -€6,031 | -39.7% |
| Tangible fixed assets | 22/27 | €15,177 | €9,146 | -€6,031 | -39.7% |
| Plant, machinery and equipment | 23 | €14,677 | €8,906 | -€5,771 | -39.3% |
| Furniture and vehicles | 24 | €500 | €240 | -€260 | -52.0% |
| Current assets | 29/58 | €11,304 | €6,250 | -€5,054 | -44.7% |
| Amounts receivable within one year | 40/41 | €336 | - | -€336 | |
| Trade receivables | 40 | €336 | - | -€336 | |
| Cash at bank and in hand | 54/58 | €10,489 | €5,769 | -€4,720 | -45.0% |
| Deferred charges and accrued income | 490/1 | €479 | €481 | +€2 | +0.4% |
| Total equity and liabilities | 10/49 | €26,481 | €15,396 | -€11,085 | -41.9% |
| Equity | 10/15 | €10,013 | €6,470 | -€3,543 | -35.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,013 | €1,470 | -€3,543 | -70.7% |
| Amounts payable | 17/49 | €16,468 | €8,926 | -€7,542 | -45.8% |
| Amounts payable within one year | 42/48 | €16,468 | €8,926 | -€7,542 | -45.8% |
| Financial debts | 43 | €13,120 | €8,320 | -€4,800 | -36.6% |
| Other loans | 439 | €13,120 | €8,320 | -€4,800 | -36.6% |
| Trade debts | 44 | €200 | €200 | = | 0.0% |
| Suppliers | 440/4 | €200 | €200 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €969 | €186 | -€783 | -80.8% |
| Taxes | 450/3 | €969 | €186 | -€783 | -80.8% |
| Other amounts payable | 47/48 | €2,179 | €220 | -€1,959 | -89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,849 | €6,032 | +€2,183 | +56.7% |
| Other operating charges | 640/8 | €200 | €200 | = | 0.0% |
| Gross operating margin | 9900 | €8,563 | €2,267 | -€6,296 | -73.5% |
| Operating profit (loss) | 9901 | €4,514 | -€3,965 | -€8,479 | |
| Financial charges | 65/66B | €76 | €78 | +€2 | +2.6% |
| Recurring financial charges | 65 | €76 | €78 | +€2 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €4,438 | -€4,043 | -€8,481 | |
| Income taxes | 67/77 | €1,000 | -€500 | -€1,500 | |
| Profit (loss) for the period | 9904 | €3,438 | -€3,543 | -€6,981 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,438 | -€3,543 | -€6,981 |
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 2 October 2026 via checked.be.