High Five: 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.
High Five
Largest movements
- Receivables within one year +€11,495
up €11,495 (+115%), from €9,972 to €21,467
of which Other amounts receivable: +€10,816
- Current investments -€10,442
down €10,442 (-17.2%), from €60,750 to €50,308
- Receivables after one year -€7,000
no longer reported in 2025 (was €7,000)
- Cash +€6,800
up €6,800 (+33.8%), from €20,110 to €26,910
mainly Other debts (+€24,915) and Current investments (+€10,442)
- Other debts +€24,915
new in 2025: €24,915
- Reserves -€23,481
down €23,481 (-25.8%), from €91,015 to €67,534
of which Distributable reserves: -€21,621
- Tax, wage and social debts -€1,845
down €1,845 (-61.7%), from €2,988 to €1,143
- Gross operating margin -€61,615
down €61,615 (-84.3%), from €73,131 to €11,516
- Staff costs -€46,465
no longer reported in 2025 (was €46,465)
- Taxes -€4,849
down €4,849 (-57.5%), from €8,436 to €3,587
- Financial charges -€1,838
down €1,838 (-84.7%), from €2,171 to €333
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 | €100,275 | €100,260 | -€15 | 0.0% |
| Fixed assets | 21/28 | €1,650 | €750 | -€900 | -54.5% |
| Tangible fixed assets | 22/27 | €1,650 | €750 | -€900 | -54.5% |
| Plant, machinery and equipment | 23 | €1,148 | €750 | -€397 | -34.6% |
| Furniture and vehicles | 24 | €503 | - | -€503 | |
| Current assets | 29/58 | €98,625 | €99,510 | +€885 | +0.9% |
| Amounts receivable after more than one year | 29 | €7,000 | - | -€7,000 | |
| Other amounts receivable | 291 | €7,000 | - | -€7,000 | |
| Amounts receivable within one year | 40/41 | €9,972 | €21,467 | +€11,495 | +115% |
| Trade receivables | 40 | €5,865 | €6,544 | +€678 | +11.6% |
| Other amounts receivable | 41 | €4,107 | €14,923 | +€10,816 | +263% |
| Current investments | 50/53 | €60,750 | €50,308 | -€10,442 | -17.2% |
| Cash at bank and in hand | 54/58 | €20,110 | €26,910 | +€6,800 | +33.8% |
| Deferred charges and accrued income | 490/1 | €793 | €825 | +€33 | +4.1% |
| Total equity and liabilities | 10/49 | €100,275 | €100,260 | -€15 | 0.0% |
| Equity | 10/15 | €97,215 | €73,734 | -€23,481 | -24.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,015 | €67,534 | -€23,481 | -25.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €89,155 | €67,534 | -€21,621 | -24.3% |
| Amounts payable | 17/49 | €3,060 | €26,526 | +€23,466 | +767% |
| Amounts payable within one year | 42/48 | €3,060 | €26,526 | +€23,466 | +767% |
| Trade debts | 44 | €72 | €468 | +€396 | +550% |
| Suppliers | 440/4 | €72 | €468 | +€396 | +550% |
| Taxes, remuneration and social security | 45 | €2,988 | €1,143 | -€1,845 | -61.7% |
| Taxes | 450/3 | €2,988 | €1,143 | -€1,845 | -61.7% |
| Other amounts payable | 47/48 | - | €24,915 | +€24,915 | |
| Non-recurring operating income | 76A | €15,558 | - | -€15,558 | |
| Remuneration, social security and pensions | 62 | €46,465 | - | -€46,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,259 | €900 | -€359 | -28.5% |
| Other operating charges | 640/8 | €1,578 | €1,012 | -€565 | -35.8% |
| Gross operating margin | 9900 | €73,131 | €11,516 | -€61,615 | -84.3% |
| Operating profit (loss) | 9901 | €23,828 | €9,603 | -€14,225 | -59.7% |
| Financial income | 75/76B | €1,788 | €2,095 | +€307 | +17.2% |
| Recurring financial income | 75 | €1,788 | €2,095 | +€307 | +17.2% |
| Financial charges | 65/66B | €2,171 | €333 | -€1,838 | -84.7% |
| Recurring financial charges | 65 | €2,171 | €333 | -€1,838 | -84.7% |
| Profit (loss) for the period before taxes | 9903 | €23,445 | €11,365 | -€12,080 | -51.5% |
| Income taxes | 67/77 | €8,436 | €3,587 | -€4,849 | -57.5% |
| Profit (loss) for the period | 9904 | €15,009 | €7,778 | -€7,231 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,009 | €7,778 | -€7,231 | -48.2% |
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 14 October 2026 via checked.be.