FIVE TO SEVEN: 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 SEVEN
Largest movements
- Receivables within one year +€517,151
up €517,151 (+26.1%), from €2.0m to €2.5m
of which Other amounts receivable: +€328,429
- Cash +€53,825
up €53,825 (+62.2%), from €86,542 to €140,367
mainly Other debts (+€287,123) and Net result for the year (+€203,431)
- Other debts +€287,123
up €287,123 (+166.8%), from €172,151 to €459,273
- Reserves +€203,431
up €203,431 (+14.6%), from €1.4m to €1.6m
- Tax, wage and social debts +€103,418
up €103,418 (+144.4%), from €71,625 to €175,042
- Gross operating margin +€138,824
up €138,824 (+72.2%), from €192,324 to €331,148
- Taxes +€49,321
up €49,321 (+88.1%), from €55,975 to €105,296
- Depreciation -€7,340
down €7,340 (-24.4%), from €30,126 to €22,786
- Financial income +€5,369
up €5,369 (+89.8%), from €5,979 to €11,347
- Other operating charges +€4,322
up €4,322 (+116.8%), from €3,699 to €8,021
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 | €2,195,660 | €2,750,014 | +€554,354 | +25.2% |
| Fixed assets | 21/28 | €79,764 | €59,644 | -€20,121 | -25.2% |
| Tangible fixed assets | 22/27 | €69,599 | €49,479 | -€20,121 | -28.9% |
| Plant, machinery and equipment | 23 | €5,137 | €3,602 | -€1,535 | -29.9% |
| Furniture and vehicles | 24 | €64,462 | €45,876 | -€18,586 | -28.8% |
| Financial fixed assets | 28 | €10,165 | €10,165 | = | 0.0% |
| Current assets | 29/58 | €2,115,896 | €2,690,370 | +€574,474 | +27.2% |
| Amounts receivable after more than one year | 29 | €40,571 | €41,693 | +€1,122 | +2.8% |
| Other amounts receivable | 291 | €40,571 | €41,693 | +€1,122 | +2.8% |
| Stocks and contracts in progress | 3 | €9,218 | €9,218 | = | 0.0% |
| Stocks | 30/36 | €9,218 | €9,218 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,979,310 | €2,496,461 | +€517,151 | +26.1% |
| Trade receivables | 40 | €12,244 | €200,966 | +€188,722 | +1541.3% |
| Other amounts receivable | 41 | €1,967,066 | €2,295,495 | +€328,429 | +16.7% |
| Cash at bank and in hand | 54/58 | €86,542 | €140,367 | +€53,825 | +62.2% |
| Deferred charges and accrued income | 490/1 | €255 | €2,632 | +€2,377 | +933.5% |
| Total equity and liabilities | 10/49 | €2,195,660 | €2,750,014 | +€554,354 | +25.2% |
| Equity | 10/15 | €1,841,551 | €2,044,981 | +€203,431 | +11.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,393,999 | €1,597,429 | +€203,431 | +14.6% |
| Distributable reserves | 133 | €1,393,999 | €1,597,429 | +€203,431 | +14.6% |
| Profit (loss) carried forward | 14 | €429,002 | €429,002 | = | 0.0% |
| Amounts payable | 17/49 | €354,109 | €705,033 | +€350,923 | +99.1% |
| Amounts payable after more than one year | 17 | €24,284 | €1,574 | -€22,710 | -93.5% |
| Financial debts | 170/4 | €24,284 | €1,574 | -€22,710 | -93.5% |
| Amounts payable within one year | 42/48 | €329,797 | €703,458 | +€373,661 | +113.3% |
| Current portion of amounts payable after more than one year | 42 | €43,394 | €22,710 | -€20,684 | -47.7% |
| Trade debts | 44 | €42,627 | €46,433 | +€3,805 | +8.9% |
| Suppliers | 440/4 | €42,627 | €46,433 | +€3,805 | +8.9% |
| Taxes, remuneration and social security | 45 | €71,625 | €175,042 | +€103,418 | +144.4% |
| Taxes | 450/3 | €71,625 | €175,042 | +€103,418 | +144.4% |
| Other amounts payable | 47/48 | €172,151 | €459,273 | +€287,123 | +166.8% |
| Accrued charges and deferred income | 492/3 | €28 | - | -€28 | |
| Non-recurring operating income | 76A | - | €6,158 | +€6,158 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,126 | €22,786 | -€7,340 | -24.4% |
| Other operating charges | 640/8 | €3,699 | €8,021 | +€4,322 | +116.8% |
| Gross operating margin | 9900 | €192,324 | €331,148 | +€138,824 | +72.2% |
| Operating profit (loss) | 9901 | €158,498 | €300,341 | +€141,843 | +89.5% |
| Financial income | 75/76B | €5,979 | €11,347 | +€5,369 | +89.8% |
| Recurring financial income | 75 | €5,979 | €11,347 | +€5,369 | +89.8% |
| Financial charges | 65/66B | €4,612 | €2,962 | -€1,650 | -35.8% |
| Recurring financial charges | 65 | €4,612 | €2,962 | -€1,650 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €159,865 | €308,726 | +€148,861 | +93.1% |
| Income taxes | 67/77 | €55,975 | €105,296 | +€49,321 | +88.1% |
| Profit (loss) for the period | 9904 | €103,890 | €203,431 | +€99,540 | +95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €103,890 | €203,431 | +€99,540 | +95.8% |
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.