FIVE NINES: 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 NINES
Largest movements
- Cash +€81,954
up €81,954 (+58.1%), from €141,107 to €223,061
mainly Net result for the year (+€70,705) and Current investments (+€46,765)
- Current investments -€46,765
down €46,765 (-34.6%), from €135,000 to €88,235
- Tangible fixed assets -€16,841
down €16,841 (-8.1%), from €208,476 to €191,636
of which Land and buildings: -€16,494
- Reserves +€33,000
up €33,000 (+8.8%), from €374,480 to €407,480
of which Distributable reserves: +€33,000
- Other debts -€19,021
down €19,021 (-19.9%), from €95,489 to €76,467
- Tax, wage and social debts +€7,401
up €7,401 (+100.1%), from €7,392 to €14,794
- Gross operating margin -€6,238
down €6,238 (-5.0%), from €123,659 to €117,421
- Financial income +€2,131
up €2,131 (+257.0%), from €829 to €2,960
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 | €502,664 | €526,039 | +€23,375 | +4.7% |
| Fixed assets | 21/28 | €208,476 | €191,636 | -€16,841 | -8.1% |
| Tangible fixed assets | 22/27 | €208,476 | €191,636 | -€16,841 | -8.1% |
| Land and buildings | 22 | €207,021 | €190,526 | -€16,494 | -8.0% |
| Plant, machinery and equipment | 23 | €530 | €667 | +€137 | +25.9% |
| Furniture and vehicles | 24 | €926 | €442 | -€484 | -52.2% |
| Current assets | 29/58 | €294,187 | €334,403 | +€40,216 | +13.7% |
| Amounts receivable within one year | 40/41 | €17,707 | €22,047 | +€4,340 | +24.5% |
| Trade receivables | 40 | €15,609 | €21,910 | +€6,301 | +40.4% |
| Other amounts receivable | 41 | €2,098 | €137 | -€1,961 | -93.5% |
| Current investments | 50/53 | €135,000 | €88,235 | -€46,765 | -34.6% |
| Cash at bank and in hand | 54/58 | €141,107 | €223,061 | +€81,954 | +58.1% |
| Deferred charges and accrued income | 490/1 | €374 | €1,060 | +€686 | +183.6% |
| Total equity and liabilities | 10/49 | €502,664 | €526,039 | +€23,375 | +4.7% |
| Equity | 10/15 | €397,478 | €431,183 | +€33,705 | +8.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €374,480 | €407,480 | +€33,000 | +8.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €372,480 | €405,480 | +€33,000 | +8.9% |
| Profit (loss) carried forward | 14 | €3,998 | €4,703 | +€705 | +17.6% |
| Amounts payable | 17/49 | €105,186 | €94,856 | -€10,330 | -9.8% |
| Amounts payable within one year | 42/48 | €102,977 | €92,889 | -€10,087 | -9.8% |
| Trade debts | 44 | €96 | €1,629 | +€1,533 | +1598.7% |
| Suppliers | 440/4 | €96 | €1,629 | +€1,533 | +1598.7% |
| Taxes, remuneration and social security | 45 | €7,392 | €14,794 | +€7,401 | +100.1% |
| Taxes | 450/3 | €7,392 | €14,794 | +€7,401 | +100.1% |
| Other amounts payable | 47/48 | €95,489 | €76,467 | -€19,021 | -19.9% |
| Accrued charges and deferred income | 492/3 | €2,210 | €1,967 | -€243 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,016 | €17,321 | -€695 | -3.9% |
| Other operating charges | 640/8 | €2,167 | €1,651 | -€516 | -23.8% |
| Gross operating margin | 9900 | €123,659 | €117,421 | -€6,238 | -5.0% |
| Operating profit (loss) | 9901 | €103,476 | €98,449 | -€5,027 | -4.9% |
| Financial income | 75/76B | €829 | €2,960 | +€2,131 | +257.0% |
| Recurring financial income | 75 | €829 | €2,960 | +€2,131 | +257.0% |
| Financial charges | 65/66B | €3,222 | €2,923 | -€299 | -9.3% |
| Recurring financial charges | 65 | €3,222 | €2,923 | -€299 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €101,083 | €98,486 | -€2,598 | -2.6% |
| Income taxes | 67/77 | €28,684 | €27,781 | -€903 | -3.1% |
| Profit (loss) for the period | 9904 | €72,399 | €70,705 | -€1,694 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €72,399 | €70,705 | -€1,694 | -2.3% |
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 1 October 2026 via checked.be.