FIVE OAKS: 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 OAKS
Largest movements
- Tangible fixed assets +€21,459
up €21,459 (+46.4%), from €46,250 to €67,709
of which Other tangible fixed assets: +€37,960
- Cash -€19,062
down €19,062 (-40.2%), from €47,362 to €28,301
mainly Investment in fixed assets (net) (-€40,696) and Other debts (-€17,603)
- Receivables within one year +€9,645
up €9,645 (+60.0%), from €16,068 to €25,712
of which Trade receivables: +€8,500
- Reserves +€32,620
up €32,620 (+93.5%), from €34,888 to €67,508
- Other debts -€17,603
down €17,603 (-52.9%), from €33,253 to €15,651
- Current portion of long-term debt -€9,149
down €9,149 (-83.2%), from €10,991 to €1,842
- Tax, wage and social debts +€7,835
up €7,835 (+168.3%), from €4,655 to €12,490
- Debts after one year -€1,842
down €1,842 (-100.0%), from €1,842 to €0
- Depreciation +€1,817
up €1,817 (+10.4%), from €17,420 to €19,237
- Financial charges -€969
down €969 (-24.0%), from €4,032 to €3,062
- Gross operating margin -€790
down €790 (-1.0%), from €75,681 to €74,891
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 | €110,366 | €122,436 | +€12,070 | +10.9% |
| Fixed assets | 21/28 | €46,250 | €67,709 | +€21,459 | +46.4% |
| Tangible fixed assets | 22/27 | €46,250 | €67,709 | +€21,459 | +46.4% |
| Furniture and vehicles | 24 | €29,756 | €13,255 | -€16,501 | -55.5% |
| Other tangible fixed assets | 26 | €16,494 | €54,454 | +€37,960 | +230.2% |
| Current assets | 29/58 | €64,116 | €54,726 | -€9,390 | -14.6% |
| Amounts receivable within one year | 40/41 | €16,068 | €25,712 | +€9,645 | +60.0% |
| Trade receivables | 40 | €12,500 | €21,000 | +€8,500 | +68.0% |
| Other amounts receivable | 41 | €3,568 | €4,712 | +€1,145 | +32.1% |
| Cash at bank and in hand | 54/58 | €47,362 | €28,301 | -€19,062 | -40.2% |
| Deferred charges and accrued income | 490/1 | €686 | €713 | +€27 | +3.9% |
| Total equity and liabilities | 10/49 | €110,366 | €122,436 | +€12,070 | +10.9% |
| Equity | 10/15 | €53,488 | €86,108 | +€32,620 | +61.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,888 | €67,508 | +€32,620 | +93.5% |
| Distributable reserves | 133 | €34,888 | €67,508 | +€32,620 | +93.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €56,878 | €36,328 | -€20,550 | -36.1% |
| Amounts payable after more than one year | 17 | €1,842 | €0 | -€1,842 | -100.0% |
| Financial debts | 170/4 | €1,842 | €0 | -€1,842 | -100.0% |
| Amounts payable within one year | 42/48 | €52,136 | €34,192 | -€17,945 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €10,991 | €1,842 | -€9,149 | -83.2% |
| Trade debts | 44 | €3,237 | €4,209 | +€972 | +30.0% |
| Suppliers | 440/4 | €3,237 | €4,209 | +€972 | +30.0% |
| Taxes, remuneration and social security | 45 | €4,655 | €12,490 | +€7,835 | +168.3% |
| Taxes | 450/3 | €4,655 | €12,490 | +€7,835 | +168.3% |
| Other amounts payable | 47/48 | €33,253 | €15,651 | -€17,603 | -52.9% |
| Accrued charges and deferred income | 492/3 | €2,899 | €2,136 | -€763 | -26.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,420 | €19,237 | +€1,817 | +10.4% |
| Other operating charges | 640/8 | €2,167 | €2,331 | +€164 | +7.6% |
| Non-recurring operating charges | 66A | €1,397 | €0 | -€1,397 | -100.0% |
| Gross operating margin | 9900 | €75,681 | €74,891 | -€790 | -1.0% |
| Operating profit (loss) | 9901 | €54,697 | €53,324 | -€1,373 | -2.5% |
| Financial income | 75/76B | €8 | €1 | -€8 | -89.3% |
| Recurring financial income | 75 | €8 | €1 | -€8 | -89.3% |
| Financial charges | 65/66B | €4,032 | €3,062 | -€969 | -24.0% |
| Recurring financial charges | 65 | €4,032 | €3,062 | -€969 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €50,673 | €50,263 | -€411 | -0.8% |
| Income taxes | 67/77 | €17,646 | €17,643 | -€3 | 0.0% |
| Profit (loss) for the period | 9904 | €33,028 | €32,620 | -€408 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,028 | €32,620 | -€408 | -1.2% |
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.