Mount 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.
Mount Five
Largest movements
- Cash +€19,621
up €19,621 (+20.3%), from €96,718 to €116,339
mainly Net result for the year (+€30,397) and Receivables within one year (+€7,864)
- Receivables within one year -€7,864
down €7,864 (-37.9%), from €20,739 to €12,874
of which Other amounts receivable: -€7,200
- Intangible fixed assets +€1,733
new in 2025: €1,733
- Tangible fixed assets -€1,437
down €1,437 (-54.8%), from €2,623 to €1,187
- Reserves +€6,582
up €6,582 (+6.6%), from €99,770 to €106,353
- Tax, wage and social debts +€2,909
up €2,909 (+18.4%), from €15,774 to €18,683
- Other debts +€2,559
new in 2025: €2,559
- Gross operating margin -€20,104
down €20,104 (-30.4%), from €66,226 to €46,122
- Taxes -€5,530
down €5,530 (-30.4%), from €18,192 to €12,662
- Depreciation +€764
up €764 (+53.2%), from €1,437 to €2,201
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 | €120,080 | €132,133 | +€12,054 | +10.0% |
| Fixed assets | 21/28 | €2,623 | €2,920 | +€297 | +11.3% |
| Intangible fixed assets | 21 | - | €1,733 | +€1,733 | |
| Tangible fixed assets | 22/27 | €2,623 | €1,187 | -€1,437 | -54.8% |
| Plant, machinery and equipment | 23 | €2,623 | €1,187 | -€1,437 | -54.8% |
| Current assets | 29/58 | €117,456 | €129,213 | +€11,757 | +10.0% |
| Amounts receivable within one year | 40/41 | €20,739 | €12,874 | -€7,864 | -37.9% |
| Trade receivables | 40 | €13,539 | €12,874 | -€664 | -4.9% |
| Other amounts receivable | 41 | €7,200 | - | -€7,200 | |
| Cash at bank and in hand | 54/58 | €96,718 | €116,339 | +€19,621 | +20.3% |
| Total equity and liabilities | 10/49 | €120,080 | €132,133 | +€12,054 | +10.0% |
| Equity | 10/15 | €102,939 | €109,521 | +€6,582 | +6.4% |
| Reserves | 13 | €99,770 | €106,353 | +€6,582 | +6.6% |
| Distributable reserves | 133 | €99,770 | €106,353 | +€6,582 | +6.6% |
| Profit (loss) carried forward | 14 | €3,168 | €3,168 | = | 0.0% |
| Amounts payable | 17/49 | €17,141 | €22,612 | +€5,471 | +31.9% |
| Amounts payable within one year | 42/48 | €17,141 | €22,612 | +€5,471 | +31.9% |
| Trade debts | 44 | €1,367 | €1,370 | +€3 | +0.2% |
| Suppliers | 440/4 | €1,367 | €1,370 | +€3 | +0.2% |
| Taxes, remuneration and social security | 45 | €15,774 | €18,683 | +€2,909 | +18.4% |
| Taxes | 450/3 | €15,774 | €18,683 | +€2,909 | +18.4% |
| Other amounts payable | 47/48 | - | €2,559 | +€2,559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,437 | €2,201 | +€764 | +53.2% |
| Other operating charges | 640/8 | €636 | €585 | -€51 | -8.0% |
| Gross operating margin | 9900 | €66,226 | €46,122 | -€20,104 | -30.4% |
| Operating profit (loss) | 9901 | €64,153 | €43,336 | -€20,818 | -32.4% |
| Financial income | 75/76B | €134 | €0 | -€134 | -99.9% |
| Recurring financial income | 75 | €134 | €0 | -€134 | -99.9% |
| Financial charges | 65/66B | €587 | €276 | -€310 | -52.9% |
| Recurring financial charges | 65 | €587 | €276 | -€310 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €63,701 | €43,059 | -€20,641 | -32.4% |
| Income taxes | 67/77 | €18,192 | €12,662 | -€5,530 | -30.4% |
| Profit (loss) for the period | 9904 | €45,509 | €30,397 | -€15,111 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,509 | €30,397 | -€15,111 | -33.2% |
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 13 October 2026 via checked.be.