FIVE MG: 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 MG
Largest movements
- Receivables within one year +€18,069
up €18,069 (+24.5%), from €73,830 to €91,899
of which Other amounts receivable: +€11,756
- Tangible fixed assets +€8,113
new in 2025: €8,113
- Cash -€2,760
down €2,760 (-54.5%), from €5,060 to €2,300
mainly Receivables within one year (-€18,069) and Investment in fixed assets (net) (-€8,590)
- Other debts +€9,544
new in 2025: €9,544
- Profit (loss) carried forward +€8,151
up €8,151 (+28.5%), from €28,637 to €36,788
- Short-term financial debts +€7,389
new in 2025: €7,389
- Trade debts -€5,907
down €5,907 (-14.0%), from €42,059 to €36,153
- Tax, wage and social debts +€4,245
up €4,245 (+55.1%), from €7,704 to €11,949
of which Remuneration and social security: +€4,246
- Gross operating margin +€42,534
up €42,534 (+110%), from €38,674 to €81,208
- Staff costs +€29,066
up €29,066 (+72.8%), from €39,923 to €68,990
- Taxes +€4,585
new in 2025: €4,585
- Financial income +€1,490
new in 2025: €1,490
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 | €82,401 | €105,823 | +€23,422 | +28.4% |
| Fixed assets | 21/28 | €3,511 | €11,624 | +€8,113 | +231% |
| Tangible fixed assets | 22/27 | - | €8,113 | +€8,113 | |
| Furniture and vehicles | 24 | - | €8,113 | +€8,113 | |
| Financial fixed assets | 28 | €3,511 | €3,511 | = | 0.0% |
| Current assets | 29/58 | €78,890 | €94,199 | +€15,309 | +19.4% |
| Amounts receivable within one year | 40/41 | €73,830 | €91,899 | +€18,069 | +24.5% |
| Trade receivables | 40 | €52,210 | €58,523 | +€6,313 | +12.1% |
| Other amounts receivable | 41 | €21,619 | €33,376 | +€11,756 | +54.4% |
| Cash at bank and in hand | 54/58 | €5,060 | €2,300 | -€2,760 | -54.5% |
| Total equity and liabilities | 10/49 | €82,401 | €105,823 | +€23,422 | +28.4% |
| Equity | 10/15 | €32,637 | €40,788 | +€8,151 | +25.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Capital | 10 | €4,000 | €4,000 | = | 0.0% |
| Issued capital | 100 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,637 | €36,788 | +€8,151 | +28.5% |
| Amounts payable | 17/49 | €49,764 | €65,035 | +€15,271 | +30.7% |
| Amounts payable within one year | 42/48 | €49,764 | €65,035 | +€15,271 | +30.7% |
| Financial debts | 43 | - | €7,389 | +€7,389 | |
| Credit institutions | 430/8 | - | €7,389 | +€7,389 | |
| Trade debts | 44 | €42,059 | €36,153 | -€5,907 | -14.0% |
| Suppliers | 440/4 | €42,059 | €36,153 | -€5,907 | -14.0% |
| Taxes, remuneration and social security | 45 | €7,704 | €11,949 | +€4,245 | +55.1% |
| Taxes | 450/3 | €5,313 | €5,312 | -€1 | 0.0% |
| Remuneration and social security | 454/9 | €2,391 | €6,638 | +€4,246 | +178% |
| Other amounts payable | 47/48 | - | €9,544 | +€9,544 | |
| Remuneration, social security and pensions | 62 | €39,923 | €68,990 | +€29,066 | +72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €477 | +€477 | |
| Other operating charges | 640/8 | €1,067 | €349 | -€718 | -67.3% |
| Gross operating margin | 9900 | €38,674 | €81,208 | +€42,534 | +110% |
| Operating profit (loss) | 9901 | -€2,317 | €11,392 | +€13,708 | |
| Financial income | 75/76B | - | €1,490 | +€1,490 | |
| Recurring financial income | 75 | - | €1,490 | +€1,490 | |
| Financial charges | 65/66B | -€0 | €146 | +€146 | |
| Recurring financial charges | 65 | -€0 | €146 | +€146 | |
| Profit (loss) for the period before taxes | 9903 | -€2,317 | €12,736 | +€15,053 | |
| Income taxes | 67/77 | - | €4,585 | +€4,585 | |
| Profit (loss) for the period | 9904 | -€2,317 | €8,151 | +€10,467 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,317 | €8,151 | +€10,467 |
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 31 October 2026 via checked.be.