Fiveco: 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.
Fiveco
Largest movements
- Current investments +€46,000
new in 2025: €46,000
- Cash -€45,224
down €45,224 (-43.9%), from €102,962 to €57,738
mainly Current investments (-€46,000) and Tax, wage and social debts (-€22,190)
- Tangible fixed assets -€22,903
down €22,903 (-94.6%), from €24,220 to €1,316
- Deferred charges and accrued income -€3,664
down €3,664 (-87.5%), from €4,186 to €522
- Receivables within one year -€2,844
down €2,844 (-17.7%), from €16,047 to €13,204
of which Other amounts receivable: -€2,844
- Tax, wage and social debts -€22,190
down €22,190 (-73.5%), from €30,182 to €7,993
of which Taxes: -€20,790
- Reserves -€3,259
down €3,259 (-3.1%), from €103,872 to €100,613
- Other debts -€2,943
down €2,943 (-59.8%), from €4,918 to €1,976
- Gross operating margin -€23,532
down €23,532 (-56.4%), from €41,731 to €18,199
- Depreciation -€7,212
down €7,212 (-84.0%), from €8,586 to €1,374
- Taxes -€5,445
down €5,445 (-76.1%), from €7,157 to €1,712
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,414 | €118,780 | -€28,635 | -19.4% |
| Fixed assets | 21/28 | €24,220 | €1,316 | -€22,903 | -94.6% |
| Tangible fixed assets | 22/27 | €24,220 | €1,316 | -€22,903 | -94.6% |
| Furniture and vehicles | 24 | €24,220 | €1,316 | -€22,903 | -94.6% |
| Current assets | 29/58 | €123,195 | €117,463 | -€5,732 | -4.7% |
| Amounts receivable within one year | 40/41 | €16,047 | €13,204 | -€2,844 | -17.7% |
| Trade receivables | 40 | €13,204 | €13,204 | = | 0.0% |
| Other amounts receivable | 41 | €2,844 | €0 | -€2,844 | -100% |
| Current investments | 50/53 | - | €46,000 | +€46,000 | |
| Cash at bank and in hand | 54/58 | €102,962 | €57,738 | -€45,224 | -43.9% |
| Deferred charges and accrued income | 490/1 | €4,186 | €522 | -€3,664 | -87.5% |
| Total equity and liabilities | 10/49 | €147,414 | €118,780 | -€28,635 | -19.4% |
| Equity | 10/15 | €106,372 | €103,113 | -€3,259 | -3.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €103,872 | €100,613 | -€3,259 | -3.1% |
| Distributable reserves | 133 | €103,872 | €100,613 | -€3,259 | -3.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,042 | €15,666 | -€25,375 | -61.8% |
| Amounts payable within one year | 42/48 | €39,542 | €15,171 | -€24,370 | -61.6% |
| Trade debts | 44 | €4,441 | €5,203 | +€762 | +17.2% |
| Suppliers | 440/4 | €4,441 | €5,203 | +€762 | +17.2% |
| Taxes, remuneration and social security | 45 | €30,182 | €7,993 | -€22,190 | -73.5% |
| Taxes | 450/3 | €26,582 | €5,793 | -€20,790 | -78.2% |
| Remuneration and social security | 454/9 | €3,600 | €2,200 | -€1,400 | -38.9% |
| Other amounts payable | 47/48 | €4,918 | €1,976 | -€2,943 | -59.8% |
| Accrued charges and deferred income | 492/3 | €1,500 | €495 | -€1,005 | -67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,586 | €1,374 | -€7,212 | -84.0% |
| Other operating charges | 640/8 | €1,337 | €1,134 | -€202 | -15.1% |
| Non-recurring operating charges | 66A | - | €17,004 | +€17,004 | |
| Gross operating margin | 9900 | €41,731 | €18,199 | -€23,532 | -56.4% |
| Operating profit (loss) | 9901 | €31,808 | -€1,314 | -€33,122 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €156 | €234 | +€78 | +50.0% |
| Recurring financial charges | 65 | €156 | €234 | +€78 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €31,652 | -€1,547 | -€33,200 | |
| Income taxes | 67/77 | €7,157 | €1,712 | -€5,445 | -76.1% |
| Profit (loss) for the period | 9904 | €24,496 | -€3,259 | -€27,755 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,496 | -€3,259 | -€27,755 |
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 23 October 2026 via checked.be.