FIVEZ: what changed
Two fiscal 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.
FIVEZ
Largest movements
- Cash +€111,774
up €111,774 (+1147.1%), from €9,744 to €121,518
mainly Depreciation (+€87,095) and Receivables within one year (+€61,553)
- Tangible fixed assets -€86,737
down €86,737 (-19.7%), from €439,855 to €353,118
- Receivables within one year -€61,553
down €61,553 (-17.1%), from €360,915 to €299,362
of which Trade receivables: -€64,242
- Stocks and contracts -€36,258
down €36,258 (-18.9%), from €192,109 to €155,851
of which Contracts in progress: -€63,081
- Short-term financial debts -€50,000
down €50,000 (-15.9%), from €315,000 to €265,000
- Trade debts +€45,518
up €45,518 (+25.2%), from €180,514 to €226,032
- Debts after one year -€27,658
down €27,658 (-23.2%), from €119,402 to €91,744
- Current portion of long-term debt -€19,092
down €19,092 (-31.0%), from €61,560 to €42,468
- Tax, wage and social debts -€15,508
down €15,508 (-15.7%), from €98,626 to €83,118
of which Remuneration and social security: -€8,877
- Gross operating margin +€49,698
up €49,698 (+6.0%), from €833,868 to €883,566
- Staff costs -€27,991
down €27,991 (-3.6%), from €768,072 to €740,081
- Other operating charges -€9,514
down €9,514 (-42.8%), from €22,250 to €12,736
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,022,165 | €956,826 | -€65,339 | -6.4% |
| Fixed assets | 21/28 | €441,250 | €353,655 | -€87,595 | -19.9% |
| Intangible fixed assets | 21 | €490 | €132 | -€357 | -73.0% |
| Tangible fixed assets | 22/27 | €439,855 | €353,118 | -€86,737 | -19.7% |
| Land and buildings | 22 | €227,399 | €194,044 | -€33,355 | -14.7% |
| Plant, machinery and equipment | 23 | €151,862 | €113,880 | -€37,982 | -25.0% |
| Furniture and vehicles | 24 | €49,213 | €35,012 | -€14,201 | -28.9% |
| Other tangible fixed assets | 26 | €11,382 | €10,182 | -€1,200 | -10.5% |
| Financial fixed assets | 28 | €905 | €405 | -€500 | -55.2% |
| Current assets | 29/58 | €580,916 | €603,171 | +€22,256 | +3.8% |
| Stocks and contracts in progress | 3 | €192,109 | €155,851 | -€36,258 | -18.9% |
| Stocks | 30/36 | €117,477 | €144,301 | +€26,824 | +22.8% |
| Contracts in progress | 37 | €74,631 | €11,550 | -€63,081 | -84.5% |
| Amounts receivable within one year | 40/41 | €360,915 | €299,362 | -€61,553 | -17.1% |
| Trade receivables | 40 | €343,693 | €279,452 | -€64,242 | -18.7% |
| Other amounts receivable | 41 | €17,222 | €19,910 | +€2,689 | +15.6% |
| Cash at bank and in hand | 54/58 | €9,744 | €121,518 | +€111,774 | +1147.1% |
| Deferred charges and accrued income | 490/1 | €18,148 | €26,440 | +€8,293 | +45.7% |
| Total equity and liabilities | 10/49 | €1,022,165 | €956,826 | -€65,339 | -6.4% |
| Equity | 10/15 | €175,340 | €185,938 | +€10,598 | +6.0% |
| Contributions | 10/11 | €86,400 | €86,400 | = | 0.0% |
| Capital | 10 | €86,400 | €86,400 | = | 0.0% |
| Issued capital | 100 | €86,400 | €86,400 | = | 0.0% |
| Reserves | 13 | €122,389 | €122,389 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,640 | €8,640 | = | 0.0% |
| Legal reserve | 130 | €8,640 | €8,640 | = | 0.0% |
| Tax-exempt reserves | 132 | €55,177 | €55,177 | = | 0.0% |
| Distributable reserves | 133 | €58,571 | €58,571 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,449 | -€22,851 | +€10,598 | +31.7% |
| Amounts payable | 17/49 | €846,825 | €770,889 | -€75,937 | -9.0% |
| Amounts payable after more than one year | 17 | €119,402 | €91,744 | -€27,658 | -23.2% |
| Financial debts | 170/4 | €119,402 | €91,744 | -€27,658 | -23.2% |
| Amounts payable within one year | 42/48 | €725,487 | €677,921 | -€47,566 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €61,560 | €42,468 | -€19,092 | -31.0% |
| Financial debts | 43 | €315,000 | €265,000 | -€50,000 | -15.9% |
| Credit institutions | 430/8 | €315,000 | €265,000 | -€50,000 | -15.9% |
| Trade debts | 44 | €180,514 | €226,032 | +€45,518 | +25.2% |
| Suppliers | 440/4 | €180,514 | €226,032 | +€45,518 | +25.2% |
| Taxes, remuneration and social security | 45 | €98,626 | €83,118 | -€15,508 | -15.7% |
| Taxes | 450/3 | €16,788 | €10,156 | -€6,631 | -39.5% |
| Remuneration and social security | 454/9 | €81,838 | €72,961 | -€8,877 | -10.8% |
| Other amounts payable | 47/48 | €69,788 | €61,304 | -€8,485 | -12.2% |
| Accrued charges and deferred income | 492/3 | €1,936 | €1,223 | -€713 | -36.8% |
| Non-recurring operating income | 76A | €6,500 | - | -€6,500 | |
| Remuneration, social security and pensions | 62 | €768,072 | €740,081 | -€27,991 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,787 | €87,095 | +€3,308 | +3.9% |
| Other operating charges | 640/8 | €22,250 | €12,736 | -€9,514 | -42.8% |
| Non-recurring operating charges | 66A | €1,280 | €0 | -€1,280 | -100.0% |
| Gross operating margin | 9900 | €833,868 | €883,566 | +€49,698 | +6.0% |
| Operating profit (loss) | 9901 | -€41,522 | €43,654 | +€85,176 | |
| Financial income | 75/76B | €607 | €419 | -€188 | -31.0% |
| Recurring financial income | 75 | €607 | €419 | -€188 | -31.0% |
| Financial charges | 65/66B | €31,461 | €33,098 | +€1,636 | +5.2% |
| Recurring financial charges | 65 | €31,461 | €33,098 | +€1,636 | +5.2% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | -€72,376 | €10,975 | +€83,351 | |
| Income taxes | 67/77 | €1,007 | €377 | -€630 | -62.5% |
| Profit (loss) for the period | 9904 | -€73,383 | €10,598 | +€83,981 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,383 | €10,598 | +€83,981 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.