Fifty1: 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.
Fifty1
Largest movements
- Stocks and contracts +€19,478
up €19,478 (+44.0%), from €44,311 to €63,789
- Receivables within one year +€18,929
up €18,929 (+1,242%), from €1,524 to €20,453
of which Trade receivables: +€18,927
- Cash +€10,433
up €10,433 (+310%), from €3,365 to €13,798
mainly Trade debts (+€29,127) and Other debts (+€17,647)
- Trade debts +€29,127
up €29,127 (+281%), from €10,375 to €39,502
- Other debts +€17,647
up €17,647 (+56.3%), from €31,334 to €48,981
- Short-term financial debts -€16,596
no longer reported in 2025 (was €16,596)
- Profit (loss) carried forward +€9,448
up €9,448 (+78.5%), from -€12,042 to -€2,593
- Tax, wage and social debts +€8,963
up €8,963 (+557%), from €1,608 to €10,572
- Gross operating margin +€20,303
up €20,303, from -€8,311 to €11,991
- Financial charges -€1,260
down €1,260 (-56.8%), from €2,219 to €959
- Taxes +€276
new in 2025: €276
- Other operating charges -€227
down €227 (-23.8%), from €955 to €728
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 | €52,871 | €101,461 | +€48,590 | +91.9% |
| Fixed assets | 21/28 | €2,382 | €2,073 | -€309 | -13.0% |
| Tangible fixed assets | 22/27 | €2,382 | €2,073 | -€309 | -13.0% |
| Plant, machinery and equipment | 23 | €2,382 | €2,073 | -€309 | -13.0% |
| Current assets | 29/58 | €50,489 | €99,388 | +€48,898 | +96.8% |
| Stocks and contracts in progress | 3 | €44,311 | €63,789 | +€19,478 | +44.0% |
| Stocks | 30/36 | €44,311 | €63,789 | +€19,478 | +44.0% |
| Amounts receivable within one year | 40/41 | €1,524 | €20,453 | +€18,929 | +1,242% |
| Trade receivables | 40 | - | €18,927 | +€18,927 | |
| Other amounts receivable | 41 | €1,524 | €1,526 | +€3 | +0.2% |
| Cash at bank and in hand | 54/58 | €3,365 | €13,798 | +€10,433 | +310% |
| Deferred charges and accrued income | 490/1 | €1,290 | €1,349 | +€59 | +4.5% |
| Total equity and liabilities | 10/49 | €52,871 | €101,461 | +€48,590 | +91.9% |
| Equity | 10/15 | -€7,042 | €2,407 | +€9,448 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,042 | -€2,593 | +€9,448 | +78.5% |
| Amounts payable | 17/49 | €59,912 | €99,054 | +€39,142 | +65.3% |
| Amounts payable within one year | 42/48 | €59,912 | €99,054 | +€39,142 | +65.3% |
| Financial debts | 43 | €16,596 | - | -€16,596 | |
| Credit institutions | 430/8 | €16,596 | - | -€16,596 | |
| Trade debts | 44 | €10,375 | €39,502 | +€29,127 | +281% |
| Suppliers | 440/4 | €10,375 | €39,502 | +€29,127 | +281% |
| Taxes, remuneration and social security | 45 | €1,608 | €10,572 | +€8,963 | +557% |
| Taxes | 450/3 | €1,608 | €10,572 | +€8,963 | +557% |
| Other amounts payable | 47/48 | €31,334 | €48,981 | +€17,647 | +56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €560 | €622 | +€62 | +11.1% |
| Other operating charges | 640/8 | €955 | €728 | -€227 | -23.8% |
| Gross operating margin | 9900 | -€8,311 | €11,991 | +€20,303 | |
| Operating profit (loss) | 9901 | -€9,826 | €10,642 | +€20,468 | |
| Financial income | 75/76B | €4 | €42 | +€38 | +972% |
| Recurring financial income | 75 | €4 | €42 | +€38 | +972% |
| Financial charges | 65/66B | €2,219 | €959 | -€1,260 | -56.8% |
| Recurring financial charges | 65 | €2,219 | €959 | -€1,260 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,042 | €9,724 | +€21,766 | |
| Income taxes | 67/77 | - | €276 | +€276 | |
| Profit (loss) for the period | 9904 | -€12,042 | €9,448 | +€21,490 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,042 | €9,448 | +€21,490 |
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 20 October 2026 via checked.be.