5S: 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.
5S
Largest movements
- Receivables within one year -€8,343
down €8,343 (-5.8%), from €144,952 to €136,609
of which Trade receivables: -€29,056
- Profit (loss) carried forward -€4,974
down €4,974 (-17.9%), from -€27,829 to -€32,803
- Tax, wage and social debts -€4,334
down €4,334 (-100.0%), from €4,334 to €0
- Gross operating margin -€27,648
down €27,648, from €20,032 to -€7,616
- Financial charges -€1,234
down €1,234 (-93.7%), from €1,317 to €83
- Financial income +€890
up €890 (+37.6%), from €2,364 to €3,254
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 | €195,731 | €187,228 | -€8,502 | -4.3% |
| Fixed assets | 21/28 | €50,000 | €50,000 | = | 0.0% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €145,731 | €137,228 | -€8,502 | -5.8% |
| Amounts receivable within one year | 40/41 | €144,952 | €136,609 | -€8,343 | -5.8% |
| Trade receivables | 40 | €29,056 | €0 | -€29,056 | -100.0% |
| Other amounts receivable | 41 | €115,897 | €136,609 | +€20,712 | +17.9% |
| Cash at bank and in hand | 54/58 | €325 | €80 | -€245 | -75.3% |
| Deferred charges and accrued income | 490/1 | €453 | €539 | +€85 | +18.9% |
| Total equity and liabilities | 10/49 | €195,731 | €187,228 | -€8,502 | -4.3% |
| Equity | 10/15 | €182,322 | €177,348 | -€4,974 | -2.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €10,151 | €10,151 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,151 | €10,151 | = | 0.0% |
| Legal reserve | 130 | €10,151 | €10,151 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,829 | -€32,803 | -€4,974 | -17.9% |
| Amounts payable | 17/49 | €13,409 | €9,880 | -€3,529 | -26.3% |
| Amounts payable within one year | 42/48 | €13,409 | €9,880 | -€3,529 | -26.3% |
| Trade debts | 44 | €9,075 | €9,880 | +€805 | +8.9% |
| Suppliers | 440/4 | €9,075 | €9,880 | +€805 | +8.9% |
| Taxes, remuneration and social security | 45 | €4,334 | €0 | -€4,334 | -100.0% |
| Taxes | 450/3 | €4,334 | €0 | -€4,334 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€160 | -€160 | |
| Other operating charges | 640/8 | €816 | €688 | -€128 | -15.7% |
| Gross operating margin | 9900 | €20,032 | -€7,616 | -€27,648 | |
| Operating profit (loss) | 9901 | €19,215 | -€8,144 | -€27,360 | |
| Financial income | 75/76B | €2,364 | €3,254 | +€890 | +37.6% |
| Recurring financial income | 75 | €2,364 | €3,254 | +€890 | +37.6% |
| Financial charges | 65/66B | €1,317 | €83 | -€1,234 | -93.7% |
| Recurring financial charges | 65 | €1,317 | €83 | -€1,234 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | €20,262 | -€4,974 | -€25,236 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €20,262 | -€4,974 | -€25,236 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,262 | -€4,974 | -€25,236 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.