FIVE: 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.
FIVE
Largest movements
- Receivables within one year +€9,368
up €9,368 (+67.1%), from €13,953 to €23,321
of which Trade receivables: +€9,368
- Stocks and contracts -€2,332
down €2,332 (-3.3%), from €69,675 to €67,343
- Cash +€1,437
up €1,437 (+18.6%), from €7,717 to €9,154
mainly Net result for the year (+€19,810) and Tax, wage and social debts (+€9,388)
- Tangible fixed assets -€1,375
down €1,375 (-41.4%), from €3,323 to €1,947
- Deferred charges and accrued income -€1,160
down €1,160 (-62.1%), from €1,868 to €708
- Other debts -€33,434
down €33,434 (-41.3%), from €80,929 to €47,495
- Profit (loss) carried forward +€19,810
up €19,810 (+45.8%), from -€43,282 to -€23,472
- Tax, wage and social debts +€9,388
up €9,388 (+33.2%), from €28,286 to €37,674
of which Taxes: +€6,727
- Current portion of long-term debt +€5,722
new in 2025: €5,722
- Trade debts +€4,051
up €4,051 (+16.8%), from €24,153 to €28,204
- Gross operating margin +€12,644
up €12,644 (+14.3%), from €88,280 to €100,924
- Taxes +€9,479
up €9,479 (+600%), from €1,580 to €11,059
- Staff costs +€3,535
up €3,535 (+5.6%), from €62,925 to €66,460
- Depreciation -€3,523
down €3,523 (-60.8%), from €5,798 to €2,275
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 | €107,888 | €112,925 | +€5,036 | +4.7% |
| Fixed assets | 21/28 | €14,675 | €12,400 | -€2,275 | -15.5% |
| Intangible fixed assets | 21 | €1,352 | €452 | -€900 | -66.5% |
| Tangible fixed assets | 22/27 | €3,323 | €1,947 | -€1,375 | -41.4% |
| Furniture and vehicles | 24 | €3,323 | €1,947 | -€1,375 | -41.4% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €93,213 | €100,525 | +€7,312 | +7.8% |
| Stocks and contracts in progress | 3 | €69,675 | €67,343 | -€2,332 | -3.3% |
| Stocks | 30/36 | €69,675 | €67,343 | -€2,332 | -3.3% |
| Amounts receivable within one year | 40/41 | €13,953 | €23,321 | +€9,368 | +67.1% |
| Trade receivables | 40 | €13,953 | €23,321 | +€9,368 | +67.1% |
| Other amounts receivable | 41 | €0 | - | -€0 | |
| Cash at bank and in hand | 54/58 | €7,717 | €9,154 | +€1,437 | +18.6% |
| Deferred charges and accrued income | 490/1 | €1,868 | €708 | -€1,160 | -62.1% |
| Total equity and liabilities | 10/49 | €107,888 | €112,925 | +€5,036 | +4.7% |
| Equity | 10/15 | -€27,082 | -€7,272 | +€19,810 | +73.1% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,282 | -€23,472 | +€19,810 | +45.8% |
| Amounts payable | 17/49 | €134,971 | €120,197 | -€14,774 | -10.9% |
| Amounts payable within one year | 42/48 | €134,971 | €120,197 | -€14,774 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,722 | +€5,722 | |
| Financial debts | 43 | €1,603 | €1,102 | -€501 | -31.2% |
| Credit institutions | 430/8 | €1,603 | €1,102 | -€501 | -31.2% |
| Trade debts | 44 | €24,153 | €28,204 | +€4,051 | +16.8% |
| Suppliers | 440/4 | €24,153 | €28,204 | +€4,051 | +16.8% |
| Taxes, remuneration and social security | 45 | €28,286 | €37,674 | +€9,388 | +33.2% |
| Taxes | 450/3 | €20,625 | €27,352 | +€6,727 | +32.6% |
| Remuneration and social security | 454/9 | €7,661 | €10,323 | +€2,662 | +34.7% |
| Other amounts payable | 47/48 | €80,929 | €47,495 | -€33,434 | -41.3% |
| Remuneration, social security and pensions | 62 | €62,925 | €66,460 | +€3,535 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,798 | €2,275 | -€3,523 | -60.8% |
| Other operating charges | 640/8 | €559 | €417 | -€142 | -25.5% |
| Gross operating margin | 9900 | €88,280 | €100,924 | +€12,644 | +14.3% |
| Operating profit (loss) | 9901 | €18,997 | €31,772 | +€12,775 | +67.2% |
| Financial income | 75/76B | €89 | €1 | -€88 | -98.5% |
| Recurring financial income | 75 | €89 | €1 | -€88 | -98.5% |
| Financial charges | 65/66B | €420 | €904 | +€483 | +115% |
| Recurring financial charges | 65 | €420 | €904 | +€483 | +115% |
| Profit (loss) for the period before taxes | 9903 | €18,666 | €30,869 | +€12,203 | +65.4% |
| Income taxes | 67/77 | €1,580 | €11,059 | +€9,479 | +600% |
| Profit (loss) for the period | 9904 | €17,086 | €19,810 | +€2,724 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,086 | €19,810 | +€2,724 | +15.9% |
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 15 October 2026 via checked.be.