P5: 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.
P5
Largest movements
- Cash +€51,633
up €51,633 (+45.1%), from €114,552 to €166,186
mainly Receivables within one year (+€36,060) and Trade debts (+€26,301)
- Receivables within one year -€36,060
down €36,060 (-56.2%), from €64,139 to €28,079
of which Trade receivables: -€39,556
- Trade debts +€26,301
up €26,301 (+25.7%), from €102,248 to €128,549
of which Suppliers: +€25,851
- Tax, wage and social debts -€15,614
down €15,614 (-81.5%), from €19,150 to €3,536
of which Taxes: -€10,323
- Reserves +€3,300
up €3,300 (+22.0%), from €15,000 to €18,300
- Other operating charges -€33,520
down €33,520 (-81.4%), from €41,165 to €7,645
- Gross operating margin -€29,967
down €29,967 (-23.8%), from €126,159 to €96,192
- Taxes -€8,216
down €8,216 (-80.0%), from €10,264 to €2,049
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 | €182,961 | €197,442 | +€14,481 | +7.9% |
| Fixed assets | 21/28 | €1,858 | €1,858 | = | 0.0% |
| Financial fixed assets | 28 | €1,858 | €1,858 | = | 0.0% |
| Current assets | 29/58 | €181,103 | €195,584 | +€14,481 | +8.0% |
| Amounts receivable within one year | 40/41 | €64,139 | €28,079 | -€36,060 | -56.2% |
| Trade receivables | 40 | €45,723 | €6,167 | -€39,556 | -86.5% |
| Other amounts receivable | 41 | €18,416 | €21,913 | +€3,496 | +19.0% |
| Cash at bank and in hand | 54/58 | €114,552 | €166,186 | +€51,633 | +45.1% |
| Deferred charges and accrued income | 490/1 | €2,412 | €1,319 | -€1,093 | -45.3% |
| Total equity and liabilities | 10/49 | €182,961 | €197,442 | +€14,481 | +7.9% |
| Equity | 10/15 | €60,903 | €64,243 | +€3,339 | +5.5% |
| Reserves | 13 | €15,000 | €18,300 | +€3,300 | +22.0% |
| Distributable reserves | 133 | €15,000 | €18,300 | +€3,300 | +22.0% |
| Profit (loss) carried forward | 14 | €45,903 | €45,943 | +€39 | +0.1% |
| Amounts payable | 17/49 | €122,058 | €133,199 | +€11,142 | +9.1% |
| Amounts payable within one year | 42/48 | €122,058 | €133,199 | +€11,142 | +9.1% |
| Trade debts | 44 | €102,248 | €128,549 | +€26,301 | +25.7% |
| Suppliers | 440/4 | €102,248 | €128,099 | +€25,851 | +25.3% |
| Bills of exchange payable | 441 | - | €450 | +€450 | |
| Taxes, remuneration and social security | 45 | €19,150 | €3,536 | -€15,614 | -81.5% |
| Taxes | 450/3 | €12,372 | €2,049 | -€10,323 | -83.4% |
| Remuneration and social security | 454/9 | €6,778 | €1,487 | -€5,291 | -78.1% |
| Other amounts payable | 47/48 | €660 | €1,115 | +€455 | +69.0% |
| Remuneration, social security and pensions | 62 | €80,753 | €81,534 | +€781 | +1.0% |
| Other operating charges | 640/8 | €41,165 | €7,645 | -€33,520 | -81.4% |
| Gross operating margin | 9900 | €126,159 | €96,192 | -€29,967 | -23.8% |
| Operating profit (loss) | 9901 | €4,240 | €7,013 | +€2,773 | +65.4% |
| Financial income | 75/76B | €192 | - | -€192 | |
| Recurring financial income | 75 | €192 | - | -€192 | |
| Financial charges | 65/66B | €1,104 | €1,626 | +€522 | +47.3% |
| Recurring financial charges | 65 | €1,104 | €1,626 | +€522 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €3,329 | €5,388 | +€2,059 | +61.8% |
| Income taxes | 67/77 | €10,264 | €2,049 | -€8,216 | -80.0% |
| Profit (loss) for the period | 9904 | -€6,935 | €3,339 | +€10,274 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,935 | €3,339 | +€10,274 |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.