Five Management: 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 Management
Largest movements
- Receivables within one year -€24,064
down €24,064 (-49.0%), from €49,099 to €25,034
of which Other amounts receivable: -€15,751
- Cash -€1,910
down €1,910 (-9.2%), from €20,826 to €18,916
mainly Trade debts (-€18,653) and Tax, wage and social debts (-€12,902)
- Trade debts -€18,653
down €18,653 (-84.1%), from €22,190 to €3,536
- Tax, wage and social debts -€12,902
down €12,902 (-43.8%), from €29,460 to €16,557
- Profit (loss) carried forward +€8,329
up €8,329 (+40.8%), from €20,416 to €28,745
- Current portion of long-term debt -€2,269
no longer reported in 2025 (was €2,269)
- Other debts +€833
new in 2025: €833
- Gross operating margin -€10,300
down €10,300 (-32.3%), from €31,918 to €21,618
- Other operating charges -€8,023
down €8,023 (-84.2%), from €9,525 to €1,502
- Taxes -€2,799
down €2,799 (-32.2%), from €8,689 to €5,890
- Financial charges -€1,679
down €1,679 (-32.6%), from €5,152 to €3,474
- Depreciation +€1,026
up €1,026 (+73.5%), from €1,396 to €2,422
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 | €75,835 | €51,171 | -€24,664 | -32.5% |
| Fixed assets | 21/28 | €5,768 | €6,348 | +€580 | +10.1% |
| Tangible fixed assets | 22/27 | €5,768 | €6,348 | +€580 | +10.1% |
| Furniture and vehicles | 24 | €5,768 | €6,348 | +€580 | +10.1% |
| Current assets | 29/58 | €70,067 | €44,823 | -€25,244 | -36.0% |
| Amounts receivable within one year | 40/41 | €49,099 | €25,034 | -€24,064 | -49.0% |
| Trade receivables | 40 | €26,512 | €18,199 | -€8,313 | -31.4% |
| Other amounts receivable | 41 | €22,587 | €6,836 | -€15,751 | -69.7% |
| Cash at bank and in hand | 54/58 | €20,826 | €18,916 | -€1,910 | -9.2% |
| Deferred charges and accrued income | 490/1 | €142 | €873 | +€730 | +513.1% |
| Total equity and liabilities | 10/49 | €75,835 | €51,171 | -€24,664 | -32.5% |
| Equity | 10/15 | €21,916 | €30,245 | +€8,329 | +38.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,416 | €28,745 | +€8,329 | +40.8% |
| Amounts payable | 17/49 | €53,919 | €20,927 | -€32,992 | -61.2% |
| Amounts payable within one year | 42/48 | €53,919 | €20,927 | -€32,992 | -61.2% |
| Current portion of amounts payable after more than one year | 42 | €2,269 | - | -€2,269 | |
| Trade debts | 44 | €22,190 | €3,536 | -€18,653 | -84.1% |
| Suppliers | 440/4 | €22,190 | €3,536 | -€18,653 | -84.1% |
| Taxes, remuneration and social security | 45 | €29,460 | €16,557 | -€12,902 | -43.8% |
| Taxes | 450/3 | €29,460 | €16,557 | -€12,902 | -43.8% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,396 | €2,422 | +€1,026 | +73.5% |
| Other operating charges | 640/8 | €9,525 | €1,502 | -€8,023 | -84.2% |
| Gross operating margin | 9900 | €31,918 | €21,618 | -€10,300 | -32.3% |
| Operating profit (loss) | 9901 | €20,997 | €17,694 | -€3,303 | -15.7% |
| Financial income | 75/76B | €842 | €831 | -€10 | -1.2% |
| Recurring financial income | 75 | €842 | €831 | -€10 | -1.2% |
| Financial charges | 65/66B | €5,152 | €3,474 | -€1,679 | -32.6% |
| Recurring financial charges | 65 | €5,152 | €3,474 | -€1,679 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €16,687 | €15,052 | -€1,635 | -9.8% |
| Income taxes | 67/77 | €8,689 | €5,890 | -€2,799 | -32.2% |
| Profit (loss) for the period | 9904 | €7,998 | €9,162 | +€1,164 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,998 | €9,162 | +€1,164 | +14.6% |
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 6 October 2026 via checked.be.