FIVE P: 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 P
Largest movements
- Tangible fixed assets +€3,035
up €3,035 (+482%), from €630 to €3,665
- Cash +€308
up €308 (+40.5%), from €761 to €1,069
mainly Net result for the year (+€11,742) and Depreciation (+€518)
- Deferred charges and accrued income +€102
up €102 (+84.7%), from €121 to €223
- Profit (loss) carried forward +€11,742
up €11,742 (+28.6%), from -€41,107 to -€29,365
- Other debts -€8,406
down €8,406 (-35.4%), from €23,752 to €15,346
- Tax, wage and social debts +€151
up €151 (+11.7%), from €1,291 to €1,442
- Gross operating margin +€21,108
up €21,108, from -€8,146 to €12,962
- Depreciation +€360
up €360 (+229%), from €158 to €518
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 | €4,537 | €7,982 | +€3,445 | +75.9% |
| Fixed assets | 21/28 | €630 | €3,665 | +€3,035 | +482% |
| Tangible fixed assets | 22/27 | €630 | €3,665 | +€3,035 | +482% |
| Furniture and vehicles | 24 | €630 | €3,665 | +€3,035 | +482% |
| Current assets | 29/58 | €3,907 | €4,317 | +€410 | +10.5% |
| Amounts receivable within one year | 40/41 | €3,025 | €3,025 | = | 0.0% |
| Trade receivables | 40 | €3,025 | €3,025 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €761 | €1,069 | +€308 | +40.5% |
| Deferred charges and accrued income | 490/1 | €121 | €223 | +€102 | +84.7% |
| Total equity and liabilities | 10/49 | €4,537 | €7,982 | +€3,445 | +75.9% |
| Equity | 10/15 | -€20,647 | -€8,905 | +€11,742 | +56.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,107 | -€29,365 | +€11,742 | +28.6% |
| Amounts payable | 17/49 | €25,183 | €16,887 | -€8,296 | -32.9% |
| Amounts payable within one year | 42/48 | €25,183 | €16,887 | -€8,296 | -32.9% |
| Trade debts | 44 | €140 | €99 | -€41 | -29.0% |
| Suppliers | 440/4 | €140 | €99 | -€41 | -29.0% |
| Taxes, remuneration and social security | 45 | €1,291 | €1,442 | +€151 | +11.7% |
| Taxes | 450/3 | €1,291 | €1,442 | +€151 | +11.7% |
| Other amounts payable | 47/48 | €23,752 | €15,346 | -€8,406 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158 | €518 | +€360 | +229% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€8,146 | €12,962 | +€21,108 | |
| Operating profit (loss) | 9901 | -€8,691 | €12,045 | +€20,735 | |
| Financial charges | 65/66B | €321 | €303 | -€18 | -5.6% |
| Recurring financial charges | 65 | €321 | €303 | -€18 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,012 | €11,742 | +€20,753 | |
| Profit (loss) for the period | 9904 | -€9,012 | €11,742 | +€20,753 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,012 | €11,742 | +€20,753 |
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 16 October 2026 via checked.be.