5th Avenue: 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.
5th Avenue
Largest movements
- Tangible fixed assets -€7,035
down €7,035 (-15.8%), from €44,604 to €37,569
of which Land and buildings: -€4,512
- Cash -€6,379
down €6,379 (-8.9%), from €72,060 to €65,682
mainly Net result for the year (-€11,766) and Trade debts (-€1,634)
- Profit (loss) carried forward -€11,766
down €11,766 (-133%), from -€8,846 to -€20,611
- Trade debts -€1,634
down €1,634 (-47.4%), from €3,449 to €1,815
- Gross operating margin -€163
down €163 (-7.0%), from -€2,318 to -€2,481
- Other operating charges +€89
up €89 (+4.2%), from €2,116 to €2,205
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 | €117,152 | €103,753 | -€13,399 | -11.4% |
| Fixed assets | 21/28 | €44,604 | €37,569 | -€7,035 | -15.8% |
| Tangible fixed assets | 22/27 | €44,604 | €37,569 | -€7,035 | -15.8% |
| Land and buildings | 22 | €37,108 | €32,595 | -€4,512 | -12.2% |
| Plant, machinery and equipment | 23 | €7,496 | €4,973 | -€2,523 | -33.7% |
| Current assets | 29/58 | €72,548 | €66,184 | -€6,364 | -8.8% |
| Cash at bank and in hand | 54/58 | €72,060 | €65,682 | -€6,379 | -8.9% |
| Deferred charges and accrued income | 490/1 | €488 | €503 | +€15 | +3.0% |
| Total equity and liabilities | 10/49 | €117,152 | €103,753 | -€13,399 | -11.4% |
| Equity | 10/15 | €53,803 | €42,037 | -€11,766 | -21.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €675 | €675 | = | 0.0% |
| Non-distributable reserves | 130/1 | €675 | €675 | = | 0.0% |
| Legal reserve | 130 | €675 | €675 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,846 | -€20,611 | -€11,766 | -133% |
| Amounts payable | 17/49 | €63,349 | €61,716 | -€1,634 | -2.6% |
| Amounts payable within one year | 42/48 | €63,349 | €61,716 | -€1,634 | -2.6% |
| Trade debts | 44 | €3,449 | €1,815 | -€1,634 | -47.4% |
| Suppliers | 440/4 | €3,449 | €1,815 | -€1,634 | -47.4% |
| Taxes, remuneration and social security | 45 | €539 | €539 | = | 0.0% |
| Taxes | 450/3 | €539 | €539 | = | 0.0% |
| Other amounts payable | 47/48 | €59,362 | €59,362 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,035 | €7,035 | = | 0.0% |
| Other operating charges | 640/8 | €2,116 | €2,205 | +€89 | +4.2% |
| Gross operating margin | 9900 | -€2,318 | -€2,481 | -€163 | -7.0% |
| Operating profit (loss) | 9901 | -€11,468 | -€11,721 | -€252 | -2.2% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,513 | -€11,766 | -€252 | -2.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€11,513 | -€11,766 | -€252 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,513 | -€11,766 | -€252 | -2.2% |
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 21 October 2026 via checked.be.