Het Vijfde Wiel: what changed
Het Vijfde Wiel
Largest movements
- Intangible fixed assets +€23,927
up €23,927 (+34.8%), from €68,750 to €92,677
- Cash +€6,557
up €6,557 (+74.7%), from €8,774 to €15,331
mainly Trade debts (+€39,642) and Depreciation (+€18,760)
- Tangible fixed assets +€2,970
up €2,970 (+49.5%), from €5,996 to €8,965
of which Furniture and vehicles: +€3,089
- Receivables within one year -€1,712
no longer reported in 2024 (was €1,712)
of which Trade receivables: -€1,560
- Trade debts +€39,642
up €39,642 (+86.3%), from €45,923 to €85,565
- Profit (loss) carried forward -€19,868
down €19,868 (-55.3%), from -€35,901 to -€55,768
- Debts after one year +€11,680
new in 2024: €11,680
- Current portion of long-term debt -€2,434
down €2,434 (-11.5%), from €21,216 to €18,782
- Staff costs +€25,073
new in 2024: €25,073
- Gross operating margin +€18,605
up €18,605 (+210%), from €8,862 to €27,467
- Depreciation +€3,466
up €3,466 (+22.7%), from €15,293 to €18,760
- Financial charges +€2,239
up €2,239 (+595%), from €376 to €2,615
- Other operating charges -€1,624
down €1,624 (-64.7%), from €2,511 to €887
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,848 | €117,223 | +€30,375 | +35.0% |
| Fixed assets | 21/28 | €75,069 | €101,643 | +€26,573 | +35.4% |
| Intangible fixed assets | 21 | €68,750 | €92,677 | +€23,927 | +34.8% |
| Tangible fixed assets | 22/27 | €5,996 | €8,965 | +€2,970 | +49.5% |
| Plant, machinery and equipment | 23 | €1,392 | €2,091 | +€699 | +50.2% |
| Furniture and vehicles | 24 | €104 | €3,193 | +€3,089 | +2,959% |
| Other tangible fixed assets | 26 | €4,499 | €3,681 | -€818 | -18.2% |
| Financial fixed assets | 28 | €324 | - | -€324 | |
| Current assets | 29/58 | €11,778 | €15,581 | +€3,802 | +32.3% |
| Amounts receivable within one year | 40/41 | €1,712 | - | -€1,712 | |
| Trade receivables | 40 | €1,560 | - | -€1,560 | |
| Other amounts receivable | 41 | €153 | - | -€153 | |
| Cash at bank and in hand | 54/58 | €8,774 | €15,331 | +€6,557 | +74.7% |
| Deferred charges and accrued income | 490/1 | €1,292 | €250 | -€1,042 | -80.7% |
| Total equity and liabilities | 10/49 | €86,848 | €117,223 | +€30,375 | +35.0% |
| Equity | 10/15 | €10,144 | -€9,724 | -€19,868 | |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €11,045 | €11,045 | = | 0.0% |
| Distributable reserves | 133 | €11,045 | €11,045 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,901 | -€55,768 | -€19,868 | -55.3% |
| Amounts payable | 17/49 | €76,704 | €126,947 | +€50,243 | +65.5% |
| Amounts payable after more than one year | 17 | - | €11,680 | +€11,680 | |
| Other amounts payable | 178/9 | - | €11,680 | +€11,680 | |
| Amounts payable within one year | 42/48 | €76,458 | €115,267 | +€38,809 | +50.8% |
| Current portion of amounts payable after more than one year | 42 | €21,216 | €18,782 | -€2,434 | -11.5% |
| Trade debts | 44 | €45,923 | €85,565 | +€39,642 | +86.3% |
| Suppliers | 440/4 | €45,923 | €85,565 | +€39,642 | +86.3% |
| Taxes, remuneration and social security | 45 | - | €437 | +€437 | |
| Taxes | 450/3 | - | €437 | +€437 | |
| Other amounts payable | 47/48 | €9,319 | €10,483 | +€1,164 | +12.5% |
| Accrued charges and deferred income | 492/3 | €246 | - | -€246 | |
| Remuneration, social security and pensions | 62 | - | €25,073 | +€25,073 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,293 | €18,760 | +€3,466 | +22.7% |
| Other operating charges | 640/8 | €2,511 | €887 | -€1,624 | -64.7% |
| Gross operating margin | 9900 | €8,862 | €27,467 | +€18,605 | +210% |
| Operating profit (loss) | 9901 | -€8,942 | -€17,252 | -€8,311 | -92.9% |
| Financial charges | 65/66B | €376 | €2,615 | +€2,239 | +595% |
| Recurring financial charges | 65 | €376 | €2,615 | +€2,239 | +595% |
| Profit (loss) for the period before taxes | 9903 | -€9,318 | -€19,868 | -€10,550 | -113% |
| Profit (loss) for the period | 9904 | -€9,318 | -€19,868 | -€10,550 | -113% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,318 | -€19,868 | -€10,550 | -113% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.