FIVE 79: what changed
Two fiscal 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 79
Largest movements
- Cash +€14,675
new in 2025: €14,675
mainly Net result for the year (+€6,806) and Trade debts (+€5,507)
- Tangible fixed assets -€8,712
down €8,712 (-91.0%), from €9,574 to €862
of which Plant, machinery and equipment: -€7,144
- Receivables within one year -€4,514
down €4,514 (-32.3%), from €13,993 to €9,479
of which Trade receivables: -€4,380
- Stocks and contracts -€980
down €980 (-3.7%), from €26,828 to €25,848
- Short-term financial debts -€10,391
no longer reported in 2025 (was €10,391)
- Profit (loss) carried forward +€6,806
up €6,806 (+11.9%), from -€57,018 to -€50,212
- Trade debts +€5,507
up €5,507 (+28.3%), from €19,494 to €25,001
- Other debts -€1,351
down €1,351 (-14.2%), from €9,523 to €8,172
- Gross operating margin +€21,574
up €21,574 (+818.5%), from €2,636 to €24,210
- Write-downs -€15,800
down €15,800, from €7,900 to -€7,900
- Other operating charges +€15,518
up €15,518 (+1191.8%), from €1,302 to €16,820
- Financial charges +€1,281
up €1,281 (+55.6%), from €2,305 to €3,586
- Depreciation -€326
down €326 (-6.2%), from €5,225 to €4,899
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.
Cash bridge derived
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 | €50,781 | €51,078 | +€297 | +0.6% |
| Fixed assets | 21/28 | €9,864 | €862 | -€9,002 | -91.3% |
| Tangible fixed assets | 22/27 | €9,574 | €862 | -€8,712 | -91.0% |
| Land and buildings | 22 | €766 | - | -€766 | |
| Plant, machinery and equipment | 23 | €7,144 | - | -€7,144 | |
| Furniture and vehicles | 24 | €1,665 | €862 | -€802 | -48.2% |
| Financial fixed assets | 28 | €290 | - | -€290 | |
| Current assets | 29/58 | €40,917 | €50,216 | +€9,299 | +22.7% |
| Stocks and contracts in progress | 3 | €26,828 | €25,848 | -€980 | -3.7% |
| Stocks | 30/36 | €26,828 | €25,848 | -€980 | -3.7% |
| Amounts receivable within one year | 40/41 | €13,993 | €9,479 | -€4,514 | -32.3% |
| Trade receivables | 40 | €13,834 | €9,454 | -€4,380 | -31.7% |
| Other amounts receivable | 41 | €160 | €25 | -€135 | -84.3% |
| Cash at bank and in hand | 54/58 | - | €14,675 | +€14,675 | |
| Deferred charges and accrued income | 490/1 | €96 | €213 | +€117 | +121.7% |
| Total equity and liabilities | 10/49 | €50,781 | €51,078 | +€297 | +0.6% |
| Equity | 10/15 | €8,412 | €15,219 | +€6,806 | +80.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €53,031 | €53,031 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €51,171 | €51,171 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,018 | -€50,212 | +€6,806 | +11.9% |
| Amounts payable | 17/49 | €42,369 | €35,859 | -€6,510 | -15.4% |
| Amounts payable within one year | 42/48 | €42,369 | €35,859 | -€6,510 | -15.4% |
| Financial debts | 43 | €10,391 | - | -€10,391 | |
| Credit institutions | 430/8 | €10,391 | - | -€10,391 | |
| Trade debts | 44 | €19,494 | €25,001 | +€5,507 | +28.3% |
| Suppliers | 440/4 | €19,494 | €25,001 | +€5,507 | +28.3% |
| Taxes, remuneration and social security | 45 | €2,962 | €2,686 | -€276 | -9.3% |
| Taxes | 450/3 | €2,962 | €2,686 | -€276 | -9.3% |
| Other amounts payable | 47/48 | €9,523 | €8,172 | -€1,351 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,225 | €4,899 | -€326 | -6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,900 | -€7,900 | -€15,800 | |
| Other operating charges | 640/8 | €1,302 | €16,820 | +€15,518 | +1191.8% |
| Gross operating margin | 9900 | €2,636 | €24,210 | +€21,574 | +818.5% |
| Operating profit (loss) | 9901 | -€11,791 | €10,392 | +€22,183 | |
| Financial income | 75/76B | €134 | - | -€134 | |
| Recurring financial income | 75 | €134 | - | -€134 | |
| Financial charges | 65/66B | €2,305 | €3,586 | +€1,281 | +55.6% |
| Recurring financial charges | 65 | €2,305 | €3,586 | +€1,281 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,961 | €6,806 | +€20,768 | |
| Profit (loss) for the period | 9904 | -€13,961 | €6,806 | +€20,768 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,961 | €6,806 | +€20,768 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.