High Five Group: 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.
What changed
High Five Group
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€110,626
2024 · -€30,076-€80,550
Equity
-€45,981
2024 · €64,645-€110,626
Cash
€4,077
2024 · €24,507-€20,430
Balance sheet total
€4.4m
2024 · €3.7m+€656,138
Largest movements
Assets
- Tangible fixed assets +€1.6m
up €1.6m (+180.4%), from €872,411 to €2.4m
- Stocks and contracts -€912,009
down €912,009 (-32.8%), from €2.8m to €1.9m
Equity and liabilities
- Short-term financial debts +€659,883
up €659,883 (+53.9%), from €1.2m to €1.9m
- Debts after one year +€128,291
up €128,291 (+9.3%), from €1.4m to €1.5m
- Profit (loss) carried forward -€110,626
down €110,626 (-3112.0%), from -€3,555 to -€114,181
Income statement
- Depreciation +€83,842
up €83,842 (+212.0%), from €39,545 to €123,387
- Gross operating margin +€31,782
up €31,782 (+22.6%), from €140,530 to €172,312
- Financial charges +€20,492
up €20,492 (+16.2%), from €126,316 to €146,808
- Other operating charges +€8,582
up €8,582 (+180.8%), from €4,746 to €13,328
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.
Result 2024
-€30,076
Gross operating margin
+€31,782
Depreciation
-€83,842
Other operating charges
-€8,582
Financial income
+€584
Financial charges
-€20,492
Result 2025
-€110,626
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.
From operations
+€865,162
Investment
-€1.7m
Financing
+€811,873
Cash 2024
€24,507
From operations (derived)
+€865,162
Net result for the year
-€110,626
Depreciation
+€123,387
Stocks and contracts
+€912,009
Receivables within one year
-€4,764
Deferred charges and accrued income
-€9,734
Trade debts
-€27,899
Other debts
-€27,033
Accrued charges and deferred income
+€9,823
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
+€811,873
Debts after one year
+€128,291
Current portion of long-term debt
+€23,700
Short-term financial debts
+€659,883
Cash 2025
€4,077
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,700,759 | €4,356,896 | +€656,138 | +17.7% |
| Fixed assets | 21/28 | €872,411 | €2,446,490 | +€1.6m | +180.4% |
| Tangible fixed assets | 22/27 | €872,411 | €2,446,490 | +€1.6m | +180.4% |
| Land and buildings | 22 | €872,411 | €2,446,490 | +€1.6m | +180.4% |
| Current assets | 29/58 | €2,828,347 | €1,910,407 | -€917,941 | -32.5% |
| Stocks and contracts in progress | 3 | €2,776,444 | €1,864,435 | -€912,009 | -32.8% |
| Stocks | 30/36 | €2,776,444 | €1,864,435 | -€912,009 | -32.8% |
| Amounts receivable within one year | 40/41 | €27,396 | €32,161 | +€4,764 | +17.4% |
| Trade receivables | 40 | €19,000 | €0 | -€19,000 | -100.0% |
| Other amounts receivable | 41 | €8,396 | €32,161 | +€23,764 | +283.0% |
| Cash at bank and in hand | 54/58 | €24,507 | €4,077 | -€20,430 | -83.4% |
| Deferred charges and accrued income | 490/1 | - | €9,734 | +€9,734 | |
| Total equity and liabilities | 10/49 | €3,700,759 | €4,356,896 | +€656,138 | +17.7% |
| Equity | 10/15 | €64,645 | -€45,981 | -€110,626 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€3,555 | -€114,181 | -€110,626 | -3112.0% |
| Amounts payable | 17/49 | €3,636,113 | €4,402,877 | +€766,764 | +21.1% |
| Amounts payable after more than one year | 17 | €1,374,853 | €1,503,144 | +€128,291 | +9.3% |
| Financial debts | 170/4 | €1,374,853 | €1,503,144 | +€128,291 | +9.3% |
| Amounts payable within one year | 42/48 | €2,231,248 | €2,859,898 | +€628,650 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €16,271 | €39,971 | +€23,700 | +145.7% |
| Financial debts | 43 | €1,225,000 | €1,884,883 | +€659,883 | +53.9% |
| Credit institutions | 430/8 | €1,225,000 | €1,884,883 | +€659,883 | +53.9% |
| Trade debts | 44 | €246,021 | €218,121 | -€27,899 | -11.3% |
| Suppliers | 440/4 | €246,021 | €218,121 | -€27,899 | -11.3% |
| Other amounts payable | 47/48 | €743,957 | €716,924 | -€27,033 | -3.6% |
| Accrued charges and deferred income | 492/3 | €30,012 | €39,835 | +€9,823 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,545 | €123,387 | +€83,842 | +212.0% |
| Other operating charges | 640/8 | €4,746 | €13,328 | +€8,582 | +180.8% |
| Gross operating margin | 9900 | €140,530 | €172,312 | +€31,782 | +22.6% |
| Operating profit (loss) | 9901 | €96,240 | €35,598 | -€60,642 | -63.0% |
| Financial income | 75/76B | €0 | €584 | +€584 | +648677.8% |
| Recurring financial income | 75 | €0 | €584 | +€584 | +648677.8% |
| Financial charges | 65/66B | €126,316 | €146,808 | +€20,492 | +16.2% |
| Recurring financial charges | 65 | €126,316 | €146,808 | +€20,492 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | -€30,076 | -€110,626 | -€80,550 | -267.8% |
| Profit (loss) for the period | 9904 | -€30,076 | -€110,626 | -€80,550 | -267.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,076 | -€110,626 | -€80,550 | -267.8% |
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 1 October 2026 via checked.be.