FIVE PM STUDIO: 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 PM STUDIO
Largest movements
- Tangible fixed assets +€23,424
up €23,424, from €0 to €23,424
of which Furniture and vehicles: +€23,424
- Cash -€4,642
down €4,642 (-78.0%), from €5,949 to €1,308
mainly Investment in fixed assets (net) (-€26,953) and Short-term financial debts (-€11,323)
- Receivables within one year -€3,300
down €3,300 (-13.8%), from €23,938 to €20,639
of which Trade receivables: -€3,300
- Other debts +€35,331
up €35,331 (+664.5%), from €5,317 to €40,647
- Short-term financial debts -€11,323
down €11,323 (-91.2%), from €12,416 to €1,093
- Profit (loss) carried forward -€11,041
down €11,041 (-333.9%), from -€3,306 to -€14,347
- Trade debts +€2,969
up €2,969 (+170.4%), from €1,743 to €4,712
- Gross operating margin -€10,838
down €10,838, from €5,358 to -€5,480
- Depreciation +€3,529
new in 2025: €3,529
- Financial charges -€528
down €528 (-20.6%), from €2,561 to €2,033
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 | €39,188 | €55,125 | +€15,937 | +40.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €79 | €23,502 | +€23,424 | +29755.8% |
| Tangible fixed assets | 22/27 | €0 | €23,424 | +€23,424 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | €23,424 | +€23,424 | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €39,110 | €31,623 | -€7,487 | -19.1% |
| Stocks and contracts in progress | 3 | €9,222 | €9,676 | +€454 | +4.9% |
| Stocks | 30/36 | €9,222 | €9,676 | +€454 | +4.9% |
| Amounts receivable within one year | 40/41 | €23,938 | €20,639 | -€3,300 | -13.8% |
| Trade receivables | 40 | €22,651 | €19,351 | -€3,300 | -14.6% |
| Other amounts receivable | 41 | €1,288 | €1,288 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,949 | €1,308 | -€4,642 | -78.0% |
| Total equity and liabilities | 10/49 | €39,188 | €55,125 | +€15,937 | +40.7% |
| Equity | 10/15 | €17,146 | €6,105 | -€11,041 | -64.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,306 | -€14,347 | -€11,041 | -333.9% |
| Amounts payable | 17/49 | €22,043 | €49,020 | +€26,978 | +122.4% |
| Amounts payable within one year | 42/48 | €22,043 | €49,020 | +€26,978 | +122.4% |
| Financial debts | 43 | €12,416 | €1,093 | -€11,323 | -91.2% |
| Credit institutions | 430/8 | €12,416 | €1,093 | -€11,323 | -91.2% |
| Trade debts | 44 | €1,743 | €4,712 | +€2,969 | +170.4% |
| Suppliers | 440/4 | €1,743 | €4,712 | +€2,969 | +170.4% |
| Taxes, remuneration and social security | 45 | €2,567 | €2,567 | = | 0.0% |
| Taxes | 450/3 | €2,567 | €2,567 | = | 0.0% |
| Other amounts payable | 47/48 | €5,317 | €40,647 | +€35,331 | +664.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,529 | +€3,529 | |
| Gross operating margin | 9900 | €5,358 | -€5,480 | -€10,838 | |
| Operating profit (loss) | 9901 | €5,358 | -€9,009 | -€14,367 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,561 | €2,033 | -€528 | -20.6% |
| Recurring financial charges | 65 | €2,561 | €2,033 | -€528 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €2,797 | -€11,041 | -€13,838 | |
| Profit (loss) for the period | 9904 | €2,797 | -€11,041 | -€13,838 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,797 | -€11,041 | -€13,838 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.