5S MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€17,031
up €17,031 (+279%), from €6,097 to €23,128
mainly Net result for the year (+€35,851) and Depreciation (+€15,359)
- Tangible fixed assets -€14,104
down €14,104 (-2.8%), from €502,201 to €488,097
- Profit (loss) carried forward +€35,851
up €35,851 (+28.0%), from €128,181 to €164,032
- Debts after one year -€29,446
down €29,446 (-13.0%), from €226,657 to €197,212
- Tax, wage and social debts +€10,730
up €10,730 (+52.0%), from €20,640 to €31,370
of which Taxes: +€11,976
- Trade debts -€8,811
down €8,811 (-87.6%), from €10,063 to €1,252
- Gross operating margin -€23,637
down €23,637 (-26.4%), from €89,648 to €66,011
- Taxes -€6,086
down €6,086 (-38.9%), from €15,625 to €9,540
- Depreciation +€981
up €981 (+6.8%), from €14,378 to €15,359
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 | €607,604 | €615,930 | +€8,326 | +1.4% |
| Fixed assets | 21/28 | €502,226 | €488,122 | -€14,104 | -2.8% |
| Tangible fixed assets | 22/27 | €502,201 | €488,097 | -€14,104 | -2.8% |
| Land and buildings | 22 | €502,201 | €488,097 | -€14,104 | -2.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €105,378 | €127,808 | +€22,430 | +21.3% |
| Amounts receivable within one year | 40/41 | €98,280 | €103,638 | +€5,358 | +5.5% |
| Trade receivables | 40 | €74,240 | €70,356 | -€3,884 | -5.2% |
| Other amounts receivable | 41 | €24,040 | €33,282 | +€9,242 | +38.4% |
| Cash at bank and in hand | 54/58 | €6,097 | €23,128 | +€17,031 | +279% |
| Deferred charges and accrued income | 490/1 | €1,001 | €1,041 | +€41 | +4.1% |
| Total equity and liabilities | 10/49 | €607,604 | €615,930 | +€8,326 | +1.4% |
| Equity | 10/15 | €254,025 | €289,876 | +€35,851 | +14.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €119,644 | €119,644 | = | 0.0% |
| Distributable reserves | 133 | €119,644 | €119,644 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,181 | €164,032 | +€35,851 | +28.0% |
| Amounts payable | 17/49 | €353,578 | €326,053 | -€27,525 | -7.8% |
| Amounts payable after more than one year | 17 | €226,657 | €197,212 | -€29,446 | -13.0% |
| Financial debts | 170/4 | €226,657 | €197,212 | -€29,446 | -13.0% |
| Amounts payable within one year | 42/48 | €126,921 | €128,842 | +€1,921 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €29,037 | €29,446 | +€409 | +1.4% |
| Trade debts | 44 | €10,063 | €1,252 | -€8,811 | -87.6% |
| Suppliers | 440/4 | €10,063 | €1,252 | -€8,811 | -87.6% |
| Taxes, remuneration and social security | 45 | €20,640 | €31,370 | +€10,730 | +52.0% |
| Taxes | 450/3 | €19,393 | €31,370 | +€11,976 | +61.8% |
| Remuneration and social security | 454/9 | €1,246 | - | -€1,246 | |
| Other amounts payable | 47/48 | €67,181 | €66,774 | -€407 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,378 | €15,359 | +€981 | +6.8% |
| Other operating charges | 640/8 | €431 | €1,034 | +€603 | +140% |
| Gross operating margin | 9900 | €89,648 | €66,011 | -€23,637 | -26.4% |
| Operating profit (loss) | 9901 | €74,839 | €49,618 | -€25,221 | -33.7% |
| Financial charges | 65/66B | €4,876 | €4,227 | -€649 | -13.3% |
| Recurring financial charges | 65 | €4,876 | €4,227 | -€649 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €69,963 | €45,391 | -€24,572 | -35.1% |
| Income taxes | 67/77 | €15,625 | €9,540 | -€6,086 | -38.9% |
| Profit (loss) for the period | 9904 | €54,337 | €35,851 | -€18,486 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,337 | €35,851 | -€18,486 | -34.0% |
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 17 October 2026 via checked.be.