High Five: 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.
High Five
Largest movements
- Cash +€27,826
up €27,826 (+8623.7%), from €323 to €28,149
mainly Debts after one year (+€54,246) and Net result for the year (+€26,276)
- Receivables within one year -€8,899
down €8,899 (-20.0%), from €44,427 to €35,527
of which Other amounts receivable: -€7,035
- Debts after one year +€54,246
up €54,246 (+11.3%), from €478,378 to €532,624
- Other debts -€40,589
down €40,589 (-94.3%), from €43,045 to €2,456
- Profit (loss) carried forward +€26,276
up €26,276 (+5.6%), from -€470,221 to -€443,945
- Trade debts -€12,049
down €12,049 (-95.9%), from €12,569 to €520
- Short-term financial debts -€9,787
down €9,787 (-100.0%), from €9,787 to €0
- Gross operating margin +€119,477
up €119,477, from -€56,320 to €63,157
- Write-downs -€9,422
down €9,422 (-100.0%), from €9,422 to €0
- Financial charges +€7,507
up €7,507 (+26.0%), from €28,928 to €36,436
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.
Cash bridge derived
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 | €94,933 | €113,676 | +€18,744 | +19.7% |
| Fixed assets | 21/28 | €50,000 | €50,000 | = | 0.0% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €44,933 | €63,676 | +€18,744 | +41.7% |
| Amounts receivable within one year | 40/41 | €44,427 | €35,527 | -€8,899 | -20.0% |
| Trade receivables | 40 | €5,538 | €3,674 | -€1,864 | -33.7% |
| Other amounts receivable | 41 | €38,888 | €31,853 | -€7,035 | -18.1% |
| Cash at bank and in hand | 54/58 | €323 | €28,149 | +€27,826 | +8623.7% |
| Deferred charges and accrued income | 490/1 | €183 | €0 | -€183 | -100.0% |
| Total equity and liabilities | 10/49 | €94,933 | €113,676 | +€18,744 | +19.7% |
| Equity | 10/15 | -€449,761 | -€423,485 | +€26,276 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€470,221 | -€443,945 | +€26,276 | +5.6% |
| Amounts payable | 17/49 | €544,694 | €537,162 | -€7,532 | -1.4% |
| Amounts payable after more than one year | 17 | €478,378 | €532,624 | +€54,246 | +11.3% |
| Financial debts | 170/4 | €478,378 | €532,624 | +€54,246 | +11.3% |
| Amounts payable within one year | 42/48 | €65,404 | €2,980 | -€62,424 | -95.4% |
| Financial debts | 43 | €9,787 | €0 | -€9,787 | -100.0% |
| Credit institutions | 430/8 | €9,787 | €0 | -€9,787 | -100.0% |
| Trade debts | 44 | €12,569 | €520 | -€12,049 | -95.9% |
| Suppliers | 440/4 | €12,569 | €520 | -€12,049 | -95.9% |
| Taxes, remuneration and social security | 45 | €4 | €4 | = | 0.0% |
| Taxes | 450/3 | €4 | €4 | = | 0.0% |
| Other amounts payable | 47/48 | €43,045 | €2,456 | -€40,589 | -94.3% |
| Accrued charges and deferred income | 492/3 | €911 | €1,557 | +€646 | +70.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,422 | €0 | -€9,422 | -100.0% |
| Other operating charges | 640/8 | €433 | €446 | +€12 | +2.9% |
| Gross operating margin | 9900 | -€56,320 | €63,157 | +€119,477 | |
| Operating profit (loss) | 9901 | -€66,176 | €62,711 | +€128,887 | |
| Financial income | 75/76B | €183 | €0 | -€183 | -100.0% |
| Recurring financial income | 75 | €183 | €0 | -€183 | -100.0% |
| Financial charges | 65/66B | €28,928 | €36,436 | +€7,507 | +26.0% |
| Recurring financial charges | 65 | €28,928 | €36,436 | +€7,507 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | -€94,920 | €26,276 | +€121,196 | |
| Profit (loss) for the period | 9904 | -€94,920 | €26,276 | +€121,196 | |
| Profit (loss) for the period to be appropriated | 9905 | -€94,920 | €26,276 | +€121,196 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.