LE CINQUE: 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.
LE CINQUE
Largest movements
- Cash -€404,025
down €404,025 (-89.3%), from €452,389 to €48,364
mainly Trade debts (-€378,953) and Net result for the year (-€183,831)
- Receivables within one year -€185,943
down €185,943 (-80.4%), from €231,370 to €45,426
of which Other amounts receivable: -€155,350
- Tangible fixed assets -€40,808
down €40,808 (-3.4%), from €1.2m to €1.2m
of which Land and buildings: -€40,405
- Trade debts -€378,953
down €378,953 (-99.8%), from €379,812 to €859
- Reserves -€183,831
down €183,831 (-26.2%), from €701,558 to €517,727
of which Distributable reserves: -€183,831
- Debts after one year -€78,059
down €78,059 (-18.9%), from €412,070 to €334,011
- Gross operating margin -€540,709
down €540,709 (-87.1%), from €620,541 to €79,832
- Other operating charges +€135,001
up €135,001 (+244%), from €55,378 to €190,380
- Financial income -€21,072
down €21,072 (-98.5%), from €21,384 to €312
- Taxes +€9,372
new in 2025: €9,372
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 | €2,131,927 | €1,499,622 | -€632,306 | -29.7% |
| Fixed assets | 21/28 | €1,445,104 | €1,404,296 | -€40,808 | -2.8% |
| Tangible fixed assets | 22/27 | €1,200,104 | €1,159,296 | -€40,808 | -3.4% |
| Land and buildings | 22 | €1,199,299 | €1,158,894 | -€40,405 | -3.4% |
| Plant, machinery and equipment | 23 | €805 | €403 | -€403 | -50.0% |
| Financial fixed assets | 28 | €245,000 | €245,000 | = | 0.0% |
| Current assets | 29/58 | €686,823 | €95,325 | -€591,498 | -86.1% |
| Amounts receivable within one year | 40/41 | €231,370 | €45,426 | -€185,943 | -80.4% |
| Trade receivables | 40 | €30,593 | €0 | -€30,593 | -100% |
| Other amounts receivable | 41 | €200,777 | €45,426 | -€155,350 | -77.4% |
| Cash at bank and in hand | 54/58 | €452,389 | €48,364 | -€404,025 | -89.3% |
| Deferred charges and accrued income | 490/1 | €3,065 | €1,535 | -€1,530 | -49.9% |
| Total equity and liabilities | 10/49 | €2,131,927 | €1,499,622 | -€632,306 | -29.7% |
| Equity | 10/15 | €720,158 | €536,327 | -€183,831 | -25.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €701,558 | €517,727 | -€183,831 | -26.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €701,558 | €517,727 | -€183,831 | -26.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,411,769 | €963,295 | -€448,475 | -31.8% |
| Amounts payable after more than one year | 17 | €412,070 | €334,011 | -€78,059 | -18.9% |
| Financial debts | 170/4 | €412,070 | €334,011 | -€78,059 | -18.9% |
| Amounts payable within one year | 42/48 | €999,699 | €629,283 | -€370,416 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | €73,448 | €77,646 | +€4,198 | +5.7% |
| Trade debts | 44 | €379,812 | €859 | -€378,953 | -99.8% |
| Suppliers | 440/4 | €379,812 | €859 | -€378,953 | -99.8% |
| Taxes, remuneration and social security | 45 | €2,000 | €9,372 | +€7,372 | +369% |
| Taxes | 450/3 | €2,000 | €9,372 | +€7,372 | +369% |
| Other amounts payable | 47/48 | €544,439 | €541,407 | -€3,032 | -0.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,483 | €40,808 | -€675 | -1.6% |
| Other operating charges | 640/8 | €55,378 | €190,380 | +€135,001 | +244% |
| Gross operating margin | 9900 | €620,541 | €79,832 | -€540,709 | -87.1% |
| Operating profit (loss) | 9901 | €523,680 | -€151,355 | -€675,035 | |
| Financial income | 75/76B | €21,384 | €312 | -€21,072 | -98.5% |
| Recurring financial income | 75 | €21,384 | €312 | -€21,072 | -98.5% |
| Financial charges | 65/66B | €26,164 | €23,416 | -€2,748 | -10.5% |
| Recurring financial charges | 65 | €26,164 | €23,416 | -€2,748 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €518,900 | -€174,459 | -€693,359 | |
| Income taxes | 67/77 | - | €9,372 | +€9,372 | |
| Profit (loss) for the period | 9904 | €518,900 | -€183,831 | -€702,731 | |
| Profit (loss) for the period to be appropriated | 9905 | €518,900 | -€183,831 | -€702,731 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.