FIVE PRINTING: 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.
What changed
FIVE PRINTING
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,348
2024 · €8,758-€4,410
Equity
€1.9m
2024 · €2.0m-€124,110
Cash
€113,905
2024 · €137,715-€23,811
Balance sheet total
€2.4m
2024 · €2.4m-€57,220
Largest movements
Assets
- Receivables within one year -€187,252
down €187,252 (-28.1%), from €666,851 to €479,599
of which Other amounts receivable: -€195,274
- Financial fixed assets +€151,179
up €151,179 (+51.0%), from €296,405 to €447,584
Equity and liabilities
- Reserves -€124,110
down €124,110 (-6.4%), from €1.9m to €1.8m
of which Distributable reserves: -€98,948
- Other debts +€120,582
new in 2025: €120,582
- Debts after one year -€42,166
down €42,166 (-15.3%), from €276,315 to €234,150
Income statement
- Gross operating margin +€12,607
up €12,607 (+16.0%), from €78,976 to €91,584
- Other operating charges +€9,951
up €9,951 (+49.2%), from €20,209 to €30,161
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.
Result 2024
€8,758
Gross operating margin
+€12,607
Depreciation
+€350
Other operating charges
-€9,951
Other operating items
-€8,184
Financial income
+€440
Financial charges
+€571
Taxes
-€248
Deferred taxes and other
+€6
Result 2025
€4,348
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.
From operations
+€351,788
Investment
-€205,054
Financing
-€170,545
Cash 2024
€137,715
From operations (derived)
+€351,788
Net result for the year
+€4,348
Depreciation
+€59,800
Receivables after one year
-€6,286
Receivables within one year
+€187,252
Deferred charges and accrued income
-€2,302
Provisions
-€8,387
Trade debts
-€3,325
Tax, wage and social debts
+€4,768
Other debts
+€120,582
Accrued charges and deferred income
-€4,661
Investment (derived)
-€205,054
Investment in fixed assets (net)
-€200,423
Current investments
-€4,631
Financing
-€170,545
Debts after one year
-€42,166
Current portion of long-term debt
+€79
Contributions, distributions and other
-€128,458
Cash 2025
€113,905
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,421,547 | €2,364,328 | -€57,220 | -2.4% |
| Fixed assets | 21/28 | €1,197,364 | €1,337,988 | +€140,623 | +11.7% |
| Tangible fixed assets | 22/27 | €900,960 | €890,404 | -€10,556 | -1.2% |
| Land and buildings | 22 | €899,753 | €861,737 | -€38,016 | -4.2% |
| Plant, machinery and equipment | 23 | - | €28,667 | +€28,667 | |
| Furniture and vehicles | 24 | €1,207 | - | -€1,207 | |
| Financial fixed assets | 28 | €296,405 | €447,584 | +€151,179 | +51.0% |
| Current assets | 29/58 | €1,224,183 | €1,026,340 | -€197,843 | -16.2% |
| Amounts receivable after more than one year | 29 | €114,130 | €120,417 | +€6,286 | +5.5% |
| Trade receivables | 290 | €114,130 | €120,417 | +€6,286 | +5.5% |
| Amounts receivable within one year | 40/41 | €666,851 | €479,599 | -€187,252 | -28.1% |
| Trade receivables | 40 | €4,090 | €12,112 | +€8,022 | +196.2% |
| Other amounts receivable | 41 | €662,761 | €467,487 | -€195,274 | -29.5% |
| Current investments | 50/53 | €303,592 | €308,223 | +€4,631 | +1.5% |
| Cash at bank and in hand | 54/58 | €137,715 | €113,905 | -€23,811 | -17.3% |
| Deferred charges and accrued income | 490/1 | €1,895 | €4,197 | +€2,302 | +121.5% |
| Total equity and liabilities | 10/49 | €2,421,547 | €2,364,328 | -€57,220 | -2.4% |
| Equity | 10/15 | €1,999,464 | €1,875,354 | -€124,110 | -6.2% |
| Contributions | 10/11 | €62,230 | €62,230 | = | 0.0% |
| Capital | 10 | €62,230 | €62,230 | = | 0.0% |
| Issued capital | 100 | €62,230 | €62,230 | = | 0.0% |
| Reserves | 13 | €1,937,234 | €1,813,124 | -€124,110 | -6.4% |
| Non-distributable reserves | 130/1 | €6,223 | €6,223 | = | 0.0% |
| Legal reserve | 130 | €6,223 | €6,223 | = | 0.0% |
| Tax-exempt reserves | 132 | €242,355 | €217,193 | -€25,162 | -10.4% |
| Distributable reserves | 133 | €1,688,656 | €1,589,709 | -€98,948 | -5.9% |
| Provisions and deferred taxes | 16 | €81,765 | €73,378 | -€8,387 | -10.3% |
| Deferred taxes | 168 | €81,765 | €73,378 | -€8,387 | -10.3% |
| Amounts payable | 17/49 | €340,318 | €415,596 | +€75,278 | +22.1% |
| Amounts payable after more than one year | 17 | €276,315 | €234,150 | -€42,166 | -15.3% |
| Financial debts | 170/4 | €276,315 | €234,150 | -€42,166 | -15.3% |
| Amounts payable within one year | 42/48 | €59,297 | €181,401 | +€122,104 | +205.9% |
| Current portion of amounts payable after more than one year | 42 | €42,087 | €42,166 | +€79 | +0.2% |
| Trade debts | 44 | €9,315 | €5,990 | -€3,325 | -35.7% |
| Suppliers | 440/4 | €9,315 | €5,990 | -€3,325 | -35.7% |
| Taxes, remuneration and social security | 45 | €7,895 | €12,663 | +€4,768 | +60.4% |
| Taxes | 450/3 | €7,895 | €12,663 | +€4,768 | +60.4% |
| Other amounts payable | 47/48 | - | €120,582 | +€120,582 | |
| Accrued charges and deferred income | 492/3 | €4,706 | €45 | -€4,661 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,151 | €59,800 | -€350 | -0.6% |
| Other operating charges | 640/8 | €20,209 | €30,161 | +€9,951 | +49.2% |
| Non-recurring operating charges | 66A | - | €8,184 | +€8,184 | |
| Gross operating margin | 9900 | €78,976 | €91,584 | +€12,607 | +16.0% |
| Operating profit (loss) | 9901 | -€1,383 | -€6,562 | -€5,178 | -374.3% |
| Financial income | 75/76B | €15,900 | €16,339 | +€440 | +2.8% |
| Recurring financial income | 75 | €15,900 | €16,339 | +€440 | +2.8% |
| Financial charges | 65/66B | €4,848 | €4,277 | -€571 | -11.8% |
| Recurring financial charges | 65 | €4,848 | €4,277 | -€571 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €9,668 | €5,500 | -€4,168 | -43.1% |
| Transfer from deferred taxes | 780 | €8,382 | €8,387 | +€6 | +0.1% |
| Income taxes | 67/77 | €9,292 | €9,539 | +€248 | +2.7% |
| Profit (loss) for the period | 9904 | €8,758 | €4,348 | -€4,410 | -50.4% |
| Transfer from tax-exempt reserves | 789 | €25,145 | €25,162 | +€17 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,903 | €29,510 | -€4,393 | -13.0% |
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 11 October 2026 via checked.be.