FIFTH WHEEL: 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.
FIFTH WHEEL
Largest movements
- Cash -€3,863
down €3,863 (-47.8%), from €8,077 to €4,213
mainly Other debts (-€105,300) and Net result for the year (-€4,148)
- Tangible fixed assets -€563
down €563 (-5.7%), from €9,958 to €9,395
- Debts after one year +€105,550
new in 2025: €105,550
- Other debts -€105,300
down €105,300 (-98.7%), from €106,650 to €1,350
- Profit (loss) carried forward -€4,148
down €4,148 (-3.1%), from -€132,155 to -€136,303
- Trade debts -€1,078
down €1,078 (-100%), from €1,078 to €0
- Accrued charges and deferred income +€550
up €550 (+40.0%), from €1,375 to €1,925
- Gross operating margin +€21,982
up €21,982 (+91.6%), from -€23,996 to -€2,014
- Other operating charges +€765
up €765 (+102%), from €753 to €1,518
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 | €19,172 | €14,746 | -€4,426 | -23.1% |
| Fixed assets | 21/28 | €11,095 | €10,533 | -€563 | -5.1% |
| Tangible fixed assets | 22/27 | €9,958 | €9,395 | -€563 | -5.7% |
| Land and buildings | 22 | €9,958 | €9,395 | -€563 | -5.7% |
| Financial fixed assets | 28 | €1,137 | €1,137 | = | 0.0% |
| Current assets | 29/58 | €8,077 | €4,213 | -€3,863 | -47.8% |
| Cash at bank and in hand | 54/58 | €8,077 | €4,213 | -€3,863 | -47.8% |
| Total equity and liabilities | 10/49 | €19,172 | €14,746 | -€4,426 | -23.1% |
| Equity | 10/15 | -€89,931 | -€94,080 | -€4,148 | -4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €23,631 | €23,631 | = | 0.0% |
| Distributable reserves | 133 | €23,631 | €23,631 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,155 | -€136,303 | -€4,148 | -3.1% |
| Amounts payable | 17/49 | €109,103 | €108,825 | -€278 | -0.3% |
| Amounts payable after more than one year | 17 | - | €105,550 | +€105,550 | |
| Financial debts | 170/4 | - | €105,550 | +€105,550 | |
| Amounts payable within one year | 42/48 | €107,728 | €1,350 | -€106,378 | -98.7% |
| Trade debts | 44 | €1,078 | €0 | -€1,078 | -100% |
| Suppliers | 440/4 | €1,078 | €0 | -€1,078 | -100% |
| Other amounts payable | 47/48 | €106,650 | €1,350 | -€105,300 | -98.7% |
| Accrued charges and deferred income | 492/3 | €1,375 | €1,925 | +€550 | +40.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €563 | €563 | = | 0.0% |
| Other operating charges | 640/8 | €753 | €1,518 | +€765 | +102% |
| Gross operating margin | 9900 | -€23,996 | -€2,014 | +€21,982 | +91.6% |
| Operating profit (loss) | 9901 | -€25,312 | -€4,094 | +€21,217 | +83.8% |
| Financial income | 75/76B | €9 | €0 | -€9 | -100% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100% |
| Financial charges | 65/66B | €45 | €54 | +€9 | +20.0% |
| Recurring financial charges | 65 | €45 | €54 | +€9 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€25,348 | -€4,148 | +€21,199 | +83.6% |
| Profit (loss) for the period | 9904 | -€25,348 | -€4,148 | +€21,199 | +83.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,348 | -€4,148 | +€21,199 | +83.6% |
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 18 October 2026 via checked.be.