FIVE TO ONE: 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 TO ONE
Largest movements
- Cash -€9,847
down €9,847 (-25.6%), from €38,476 to €28,630
mainly Contributions, distributions and other (-€8,235) and Net result for the year (-€5,668)
- Receivables within one year +€1,637
up €1,637 (+30.5%), from €5,373 to €7,011
of which Trade receivables: +€1,538
- Tangible fixed assets -€837
down €837 (-39.3%), from €2,132 to €1,294
of which Plant, machinery and equipment: -€490
- Profit (loss) carried forward -€13,903
down €13,903 (-85.8%), from €16,205 to €2,302
- Other debts +€3,535
up €3,535 (+71.3%), from €4,957 to €8,492
- Tax, wage and social debts +€1,281
up €1,281 (+24.0%), from €5,340 to €6,621
of which Taxes: +€1,331
- Gross operating margin -€19,505
down €19,505, from €15,671 to -€3,834
- Taxes -€1,019
down €1,019 (-87.0%), from €1,172 to €153
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 | €47,198 | €37,875 | -€9,323 | -19.8% |
| Fixed assets | 21/28 | €2,132 | €1,294 | -€837 | -39.3% |
| Tangible fixed assets | 22/27 | €2,132 | €1,294 | -€837 | -39.3% |
| Plant, machinery and equipment | 23 | €490 | - | -€490 | |
| Furniture and vehicles | 24 | €1,642 | €1,294 | -€348 | -21.2% |
| Current assets | 29/58 | €45,066 | €36,581 | -€8,485 | -18.8% |
| Amounts receivable within one year | 40/41 | €5,373 | €7,011 | +€1,637 | +30.5% |
| Trade receivables | 40 | €5,373 | €6,912 | +€1,538 | +28.6% |
| Other amounts receivable | 41 | - | €99 | +€99 | |
| Cash at bank and in hand | 54/58 | €38,476 | €28,630 | -€9,847 | -25.6% |
| Deferred charges and accrued income | 490/1 | €1,217 | €940 | -€276 | -22.7% |
| Total equity and liabilities | 10/49 | €47,198 | €37,875 | -€9,323 | -19.8% |
| Equity | 10/15 | €36,665 | €22,762 | -€13,903 | -37.9% |
| 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 | €16,205 | €2,302 | -€13,903 | -85.8% |
| Amounts payable | 17/49 | €10,533 | €15,113 | +€4,580 | +43.5% |
| Amounts payable within one year | 42/48 | €10,533 | €15,113 | +€4,580 | +43.5% |
| Trade debts | 44 | €236 | - | -€236 | |
| Suppliers | 440/4 | €236 | - | -€236 | |
| Taxes, remuneration and social security | 45 | €5,340 | €6,621 | +€1,281 | +24.0% |
| Taxes | 450/3 | €3,040 | €4,371 | +€1,331 | +43.8% |
| Remuneration and social security | 454/9 | €2,300 | €2,250 | -€50 | -2.2% |
| Other amounts payable | 47/48 | €4,957 | €8,492 | +€3,535 | +71.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €769 | €837 | +€69 | +8.9% |
| Other operating charges | 640/8 | €960 | €927 | -€33 | -3.4% |
| Gross operating margin | 9900 | €15,671 | -€3,834 | -€19,505 | |
| Operating profit (loss) | 9901 | €13,942 | -€5,598 | -€19,540 | |
| Financial income | 75/76B | €250 | €173 | -€77 | -30.7% |
| Recurring financial income | 75 | €250 | €173 | -€77 | -30.7% |
| Financial charges | 65/66B | €90 | €90 | +€0 | 0.0% |
| Recurring financial charges | 65 | €90 | €90 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €14,102 | -€5,515 | -€19,617 | |
| Income taxes | 67/77 | €1,172 | €153 | -€1,019 | -87.0% |
| Profit (loss) for the period | 9904 | €12,930 | -€5,668 | -€18,598 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,930 | -€5,668 | -€18,598 |
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 10 October 2026 via checked.be.