5to9 Ventures: 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.
5to9 Ventures
Largest movements
- Cash -€105,919
down €105,919 (-68.1%), from €155,577 to €49,658
mainly Other debts (-€155,765) and Receivables within one year (-€41,108)
- Receivables within one year +€41,108
new in 2025: €41,108
- Other debts -€155,765
down €155,765 (-41.0%), from €379,721 to €223,956
- Profit (loss) carried forward +€100,275
up €100,275 (+70.0%), from €143,148 to €243,422
- Tax, wage and social debts -€8,605
down €8,605 (-67.0%), from €12,847 to €4,242
of which Taxes: -€10,094
- Financial income -€25,646
down €25,646 (-100.0%), from €25,647 to €0
of which Non-recurring financial income: -€25,647
- Gross operating margin -€23,492
down €23,492 (-13.9%), from €168,971 to €145,479
- Taxes -€8,092
down €8,092 (-19.3%), from €41,884 to €33,792
- Financial charges +€4,134
up €4,134 (+74.5%), from €5,551 to €9,685
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 | €597,806 | €530,733 | -€67,074 | -11.2% |
| Fixed assets | 21/28 | €440,569 | €437,989 | -€2,580 | -0.6% |
| Tangible fixed assets | 22/27 | €7,114 | €4,533 | -€2,580 | -36.3% |
| Furniture and vehicles | 24 | €7,114 | €4,533 | -€2,580 | -36.3% |
| Financial fixed assets | 28 | €433,455 | €433,455 | = | 0.0% |
| Current assets | 29/58 | €157,237 | €92,744 | -€64,494 | -41.0% |
| Amounts receivable within one year | 40/41 | - | €41,108 | +€41,108 | |
| Other amounts receivable | 41 | - | €41,108 | +€41,108 | |
| Cash at bank and in hand | 54/58 | €155,577 | €49,658 | -€105,919 | -68.1% |
| Deferred charges and accrued income | 490/1 | €1,661 | €1,978 | +€318 | +19.1% |
| Total equity and liabilities | 10/49 | €597,806 | €530,733 | -€67,074 | -11.2% |
| Equity | 10/15 | €203,798 | €301,967 | +€98,170 | +48.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €42,100 | €39,995 | -€2,105 | -5.0% |
| Tax-exempt reserves | 132 | €42,100 | €39,995 | -€2,105 | -5.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €143,148 | €243,422 | +€100,275 | +70.0% |
| Amounts payable | 17/49 | €394,009 | €228,765 | -€165,244 | -41.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €394,009 | €228,765 | -€165,244 | -41.9% |
| Trade debts | 44 | €1,441 | €568 | -€874 | -60.6% |
| Suppliers | 440/4 | €1,441 | €568 | -€874 | -60.6% |
| Taxes, remuneration and social security | 45 | €12,847 | €4,242 | -€8,605 | -67.0% |
| Taxes | 450/3 | €12,847 | €2,753 | -€10,094 | -78.6% |
| Remuneration and social security | 454/9 | - | €1,489 | +€1,489 | |
| Other amounts payable | 47/48 | €379,721 | €223,956 | -€155,765 | -41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,876 | €2,580 | -€296 | -10.3% |
| Other operating charges | 640/8 | €1,165 | €1,252 | +€88 | +7.5% |
| Gross operating margin | 9900 | €168,971 | €145,479 | -€23,492 | -13.9% |
| Operating profit (loss) | 9901 | €164,930 | €141,646 | -€23,284 | -14.1% |
| Financial income | 75/76B | €25,647 | €0 | -€25,646 | -100.0% |
| Recurring financial income | 75 | €25,647 | €0 | -€25,646 | -100.0% |
| Non-recurring financial income | 76B | €25,647 | €0 | -€25,647 | -100% |
| Financial charges | 65/66B | €5,551 | €9,685 | +€4,134 | +74.5% |
| Recurring financial charges | 65 | €5,551 | €9,685 | +€4,134 | +74.5% |
| Profit (loss) for the period before taxes | 9903 | €185,026 | €131,962 | -€53,064 | -28.7% |
| Income taxes | 67/77 | €41,884 | €33,792 | -€8,092 | -19.3% |
| Profit (loss) for the period | 9904 | €143,142 | €98,170 | -€44,972 | -31.4% |
| Transfer from tax-exempt reserves | 789 | - | €42,100 | +€42,100 | |
| Transfer to tax-exempt reserves | 689 | €0 | €39,995 | +€39,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €143,142 | €100,275 | -€42,867 | -29.9% |
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 22 October 2026 via checked.be.