DE VIJF ZUILEN: what changed
DE VIJF ZUILEN
Largest movements
- Receivables within one year +€10,193
up €10,193 (+26.2%), from €38,958 to €49,150
of which Other amounts receivable: +€10,682
- Tangible fixed assets -€9,565
down €9,565 (-27.3%), from €35,079 to €25,515
of which Land and buildings: -€6,959
- Cash -€6,151
down €6,151 (-26.5%), from €23,232 to €17,081
mainly Receivables within one year (-€10,193) and Debts after one year (-€9,909)
- Deferred charges and accrued income -€2,000
no longer reported in 2025 (was €2,000)
- Debts after one year -€9,909
down €9,909 (-71.9%), from €13,774 to €3,865
- Reserves +€3,168
up €3,168 (+6.1%), from €51,509 to €54,676
- Tax, wage and social debts -€2,413
down €2,413 (-47.6%), from €5,068 to €2,655
- Trade debts +€1,477
up €1,477 (+361%), from €409 to €1,886
- Gross operating margin -€12,556
down €12,556 (-32.6%), from €38,462 to €25,906
- Other operating charges +€2,834
up €2,834 (+102%), from €2,789 to €5,623
- Depreciation +€822
up €822 (+5.3%), from €15,429 to €16,251
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,339 | €91,816 | -€7,523 | -7.6% |
| Fixed assets | 21/28 | €35,149 | €25,584 | -€9,565 | -27.2% |
| Tangible fixed assets | 22/27 | €35,079 | €25,515 | -€9,565 | -27.3% |
| Land and buildings | 22 | €24,006 | €17,047 | -€6,959 | -29.0% |
| Plant, machinery and equipment | 23 | €8,466 | €6,295 | -€2,171 | -25.6% |
| Furniture and vehicles | 24 | €2,607 | €2,173 | -€435 | -16.7% |
| Financial fixed assets | 28 | €69 | €69 | = | 0.0% |
| Current assets | 29/58 | €64,190 | €66,232 | +€2,042 | +3.2% |
| Amounts receivable within one year | 40/41 | €38,958 | €49,150 | +€10,193 | +26.2% |
| Trade receivables | 40 | €490 | - | -€490 | |
| Other amounts receivable | 41 | €38,468 | €49,150 | +€10,682 | +27.8% |
| Cash at bank and in hand | 54/58 | €23,232 | €17,081 | -€6,151 | -26.5% |
| Deferred charges and accrued income | 490/1 | €2,000 | - | -€2,000 | |
| Total equity and liabilities | 10/49 | €99,339 | €91,816 | -€7,523 | -7.6% |
| Equity | 10/15 | €70,109 | €73,276 | +€3,168 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,509 | €54,676 | +€3,168 | +6.1% |
| Distributable reserves | 133 | €51,509 | €54,676 | +€3,168 | +6.1% |
| Amounts payable | 17/49 | €29,230 | €18,540 | -€10,690 | -36.6% |
| Amounts payable after more than one year | 17 | €13,774 | €3,865 | -€9,909 | -71.9% |
| Financial debts | 170/4 | €13,774 | €3,865 | -€9,909 | -71.9% |
| Amounts payable within one year | 42/48 | €15,456 | €14,674 | -€781 | -5.1% |
| Financial debts | 43 | €9,754 | €9,909 | +€155 | +1.6% |
| Credit institutions | 430/8 | €9,754 | €9,909 | +€155 | +1.6% |
| Trade debts | 44 | €409 | €1,886 | +€1,477 | +361% |
| Suppliers | 440/4 | €409 | €1,886 | +€1,477 | +361% |
| Advances received on contracts in progress | 46 | €224 | €224 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,068 | €2,655 | -€2,413 | -47.6% |
| Taxes | 450/3 | €5,068 | €2,655 | -€2,413 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,429 | €16,251 | +€822 | +5.3% |
| Other operating charges | 640/8 | €2,789 | €5,623 | +€2,834 | +102% |
| Gross operating margin | 9900 | €38,462 | €25,906 | -€12,556 | -32.6% |
| Operating profit (loss) | 9901 | €20,244 | €4,032 | -€16,212 | -80.1% |
| Financial income | 75/76B | €2,190 | €2,358 | +€168 | +7.7% |
| Recurring financial income | 75 | €2,190 | €2,358 | +€168 | +7.7% |
| Financial charges | 65/66B | €687 | €447 | -€241 | -35.0% |
| Recurring financial charges | 65 | €687 | €447 | -€241 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €21,747 | €5,943 | -€15,804 | -72.7% |
| Income taxes | 67/77 | €2,044 | €1,917 | -€128 | -6.2% |
| Profit (loss) for the period | 9904 | €19,703 | €4,027 | -€15,676 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,703 | €4,027 | -€15,676 | -79.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.