Five Twenty Eight: 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 Twenty Eight
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€254,936
2024 · €244,849+€10,086
Equity
€2.2m
2024 · €1.9m+€254,936
Cash
€45,976
2024 · €12,096+€33,881
Balance sheet total
€4.9m
2024 · €4.9m+€32,165
Largest movements
Assets
- Receivables within one year -€91,132
down €91,132 (-63.6%), from €143,347 to €52,215
of which Other amounts receivable: -€100,132
- Financial fixed assets +€87,500
up €87,500 (+1.9%), from €4.7m to €4.8m
Equity and liabilities
- Debts after one year -€332,748
down €332,748 (-13.8%), from €2.4m to €2.1m
- Profit (loss) carried forward +€254,936
up €254,936 (+62.0%), from €411,387 to €666,323
Income statement
- Financial charges -€11,148
down €11,148 (-9.6%), from €116,365 to €105,217
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
€244,849
Gross operating margin
+€602
Other operating charges
-€233
Financial income
+€1,934
Financial charges
+€11,148
Taxes
-€3,365
Result 2025
€254,936
raises the resultlowers the result
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.
From operations
+€441,089
Investment
-€87,500
Financing
-€319,708
Cash 2024
€12,096
From operations (derived)
+€441,089
Net result for the year
+€254,936
Depreciation
+€126
Receivables within one year
+€91,132
Deferred charges and accrued income
-€2,042
Trade debts
-€751
Tax, wage and social debts
+€47,311
Other debts
+€42,280
Accrued charges and deferred income
+€8,098
Investment (derived)
-€87,500
Investment in fixed assets (net)
-€87,500
Financing
-€319,708
Debts after one year
-€332,748
Current portion of long-term debt
+€13,040
Cash 2025
€45,976
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,855,711 | €4,887,876 | +€32,165 | +0.7% |
| Formation expenses | 20 | €268 | €142 | -€126 | -47.0% |
| Fixed assets | 21/28 | €4,700,000 | €4,787,500 | +€87,500 | +1.9% |
| Financial fixed assets | 28 | €4,700,000 | €4,787,500 | +€87,500 | +1.9% |
| Current assets | 29/58 | €155,443 | €100,234 | -€55,209 | -35.5% |
| Amounts receivable within one year | 40/41 | €143,347 | €52,215 | -€91,132 | -63.6% |
| Trade receivables | 40 | €13,310 | €22,310 | +€9,000 | +67.6% |
| Other amounts receivable | 41 | €130,037 | €29,905 | -€100,132 | -77.0% |
| Cash at bank and in hand | 54/58 | €12,096 | €45,976 | +€33,881 | +280% |
| Deferred charges and accrued income | 490/1 | - | €2,042 | +€2,042 | |
| Total equity and liabilities | 10/49 | €4,855,711 | €4,887,876 | +€32,165 | +0.7% |
| Equity | 10/15 | €1,916,387 | €2,171,323 | +€254,936 | +13.3% |
| Contributions | 10/11 | €1,505,000 | €1,505,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €411,387 | €666,323 | +€254,936 | +62.0% |
| Amounts payable | 17/49 | €2,939,324 | €2,716,553 | -€222,771 | -7.6% |
| Amounts payable after more than one year | 17 | €2,411,241 | €2,078,492 | -€332,748 | -13.8% |
| Financial debts | 170/4 | €2,411,241 | €2,078,492 | -€332,748 | -13.8% |
| Amounts payable within one year | 42/48 | €508,762 | €610,642 | +€101,880 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €346,887 | €359,927 | +€13,040 | +3.8% |
| Trade debts | 44 | €969 | €218 | -€751 | -77.5% |
| Suppliers | 440/4 | €969 | €218 | -€751 | -77.5% |
| Taxes, remuneration and social security | 45 | €160,905 | €208,217 | +€47,311 | +29.4% |
| Taxes | 450/3 | €160,905 | €208,217 | +€47,311 | +29.4% |
| Other amounts payable | 47/48 | - | €42,280 | +€42,280 | |
| Accrued charges and deferred income | 492/3 | €19,322 | €27,419 | +€8,098 | +41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126 | €126 | = | 0.0% |
| Other operating charges | 640/8 | €904 | €1,136 | +€233 | +25.8% |
| Gross operating margin | 9900 | €443,750 | €444,352 | +€602 | +0.1% |
| Operating profit (loss) | 9901 | €442,721 | €443,090 | +€369 | +0.1% |
| Financial income | 75/76B | €110 | €2,045 | +€1,934 | +1,753% |
| Recurring financial income | 75 | €110 | €2,045 | +€1,934 | +1,753% |
| Financial charges | 65/66B | €116,365 | €105,217 | -€11,148 | -9.6% |
| Recurring financial charges | 65 | €116,365 | €105,217 | -€11,148 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €326,466 | €339,918 | +€13,452 | +4.1% |
| Income taxes | 67/77 | €81,616 | €84,982 | +€3,365 | +4.1% |
| Profit (loss) for the period | 9904 | €244,849 | €254,936 | +€10,086 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €244,849 | €254,936 | +€10,086 | +4.1% |
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 15 October 2026 via checked.be.