JUST 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.
JUST FIVE
Largest movements
- Current investments +€35,000
new in 2025: €35,000
- Cash -€26,682
down €26,682 (-89.6%), from €29,787 to €3,105
mainly Current investments (-€35,000) and Current portion of long-term debt (-€16,757)
- Tangible fixed assets -€13,761
down €13,761 (-29.1%), from €47,366 to €33,605
of which Furniture and vehicles: -€15,605
- Receivables within one year -€6,300
down €6,300 (-63.1%), from €9,976 to €3,676
of which Other amounts receivable: -€3,467
- Current portion of long-term debt -€16,757
down €16,757 (-83.0%), from €20,188 to €3,432
- Reserves +€6,059
up €6,059 (+10.3%), from €59,004 to €65,063
- Debts after one year -€3,432
down €3,432 (-100.0%), from €3,432 to €0
- Other debts +€2,396
up €2,396, from €0 to €2,396
- Gross operating margin -€2,360
down €2,360 (-8.3%), from €28,460 to €26,100
- Financial charges -€646
down €646 (-53.8%), from €1,201 to €555
- Financial income +€337
up €337, from €0 to €337
- Depreciation +€319
up €319 (+2.0%), from €15,605 to €15,924
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 | €87,502 | €75,995 | -€11,507 | -13.2% |
| Fixed assets | 21/28 | €47,366 | €33,605 | -€13,761 | -29.1% |
| Tangible fixed assets | 22/27 | €47,366 | €33,605 | -€13,761 | -29.1% |
| Plant, machinery and equipment | 23 | - | €1,844 | +€1,844 | |
| Furniture and vehicles | 24 | €47,366 | €31,761 | -€15,605 | -32.9% |
| Current assets | 29/58 | €40,136 | €42,391 | +€2,254 | +5.6% |
| Amounts receivable within one year | 40/41 | €9,976 | €3,676 | -€6,300 | -63.1% |
| Trade receivables | 40 | €6,192 | €3,359 | -€2,833 | -45.7% |
| Other amounts receivable | 41 | €3,784 | €317 | -€3,467 | -91.6% |
| Current investments | 50/53 | - | €35,000 | +€35,000 | |
| Cash at bank and in hand | 54/58 | €29,787 | €3,105 | -€26,682 | -89.6% |
| Deferred charges and accrued income | 490/1 | €374 | €610 | +€236 | +63.2% |
| Total equity and liabilities | 10/49 | €87,502 | €75,995 | -€11,507 | -13.2% |
| Equity | 10/15 | €61,004 | €67,063 | +€6,059 | +9.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €59,004 | €65,063 | +€6,059 | +10.3% |
| Distributable reserves | 133 | €59,004 | €65,063 | +€6,059 | +10.3% |
| Amounts payable | 17/49 | €26,499 | €8,932 | -€17,567 | -66.3% |
| Amounts payable after more than one year | 17 | €3,432 | €0 | -€3,432 | -100.0% |
| Financial debts | 170/4 | €3,432 | €0 | -€3,432 | -100.0% |
| Amounts payable within one year | 42/48 | €23,067 | €8,932 | -€14,135 | -61.3% |
| Current portion of amounts payable after more than one year | 42 | €20,188 | €3,432 | -€16,757 | -83.0% |
| Trade debts | 44 | €278 | €311 | +€33 | +11.8% |
| Suppliers | 440/4 | €278 | €311 | +€33 | +11.8% |
| Taxes, remuneration and social security | 45 | €2,600 | €2,793 | +€193 | +7.4% |
| Taxes | 450/3 | €2,600 | €2,793 | +€193 | +7.4% |
| Other amounts payable | 47/48 | €0 | €2,396 | +€2,396 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,605 | €15,924 | +€319 | +2.0% |
| Other operating charges | 640/8 | €576 | €736 | +€160 | +27.7% |
| Gross operating margin | 9900 | €28,460 | €26,100 | -€2,360 | -8.3% |
| Operating profit (loss) | 9901 | €12,279 | €9,440 | -€2,838 | -23.1% |
| Financial income | 75/76B | €0 | €337 | +€337 | |
| Recurring financial income | 75 | €0 | €337 | +€337 | |
| Financial charges | 65/66B | €1,201 | €555 | -€646 | -53.8% |
| Recurring financial charges | 65 | €1,201 | €555 | -€646 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €11,078 | €9,222 | -€1,856 | -16.8% |
| Income taxes | 67/77 | €3,183 | €3,162 | -€21 | -0.7% |
| Profit (loss) for the period | 9904 | €7,895 | €6,059 | -€1,835 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,895 | €6,059 | -€1,835 | -23.2% |
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 11 October 2026 via checked.be.