Project Vijf Private: 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.
Project Vijf Private
Largest movements
- Receivables within one year +€13,543
up €13,543 (+141%), from €9,608 to €23,151
of which Trade receivables: +€10,039
- Cash +€6,704
up €6,704 (+169%), from €3,978 to €10,681
mainly Net result for the year (+€17,637) and Tax, wage and social debts (+€3,108)
- Stocks and contracts +€2,075
new in 2025: €2,075
- Tangible fixed assets +€711
up €711 (+58.5%), from €1,215 to €1,926
- Profit (loss) carried forward +€17,637
up €17,637, from -€12,443 to €5,194
- Tax, wage and social debts +€3,108
up €3,108 (+49.1%), from €6,326 to €9,434
- Current portion of long-term debt +€2,705
new in 2025: €2,705
- Trade debts -€417
down €417 (-67.6%), from €617 to €200
- Turnover -€108,555
no longer reported in 2025 (was €108,555)
- Purchases and services -€98,560
no longer reported in 2025 (was €98,560)
- Gross operating margin +€13,726
up €13,726 (+137%), from €9,995 to €23,722
- Taxes +€4,496
new in 2025: €4,496
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 | €14,801 | €37,834 | +€23,032 | +156% |
| Fixed assets | 21/28 | €1,215 | €1,926 | +€711 | +58.5% |
| Tangible fixed assets | 22/27 | €1,215 | €1,926 | +€711 | +58.5% |
| Plant, machinery and equipment | 23 | €1,215 | €1,926 | +€711 | +58.5% |
| Current assets | 29/58 | €13,586 | €35,907 | +€22,322 | +164% |
| Stocks and contracts in progress | 3 | - | €2,075 | +€2,075 | |
| Stocks | 30/36 | - | €2,075 | +€2,075 | |
| Amounts receivable within one year | 40/41 | €9,608 | €23,151 | +€13,543 | +141% |
| Trade receivables | 40 | €9,559 | €19,598 | +€10,039 | +105% |
| Other amounts receivable | 41 | €49 | €3,553 | +€3,504 | +7,169% |
| Cash at bank and in hand | 54/58 | €3,978 | €10,681 | +€6,704 | +169% |
| Total equity and liabilities | 10/49 | €14,801 | €37,834 | +€23,032 | +156% |
| Equity | 10/15 | €7,557 | €25,194 | +€17,637 | +233% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,443 | €5,194 | +€17,637 | |
| Amounts payable | 17/49 | €7,244 | €12,639 | +€5,395 | +74.5% |
| Amounts payable within one year | 42/48 | €6,944 | €12,339 | +€5,395 | +77.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,705 | +€2,705 | |
| Trade debts | 44 | €617 | €200 | -€417 | -67.6% |
| Suppliers | 440/4 | €617 | €200 | -€417 | -67.6% |
| Taxes, remuneration and social security | 45 | €6,326 | €9,434 | +€3,108 | +49.1% |
| Taxes | 450/3 | €6,326 | €9,434 | +€3,108 | +49.1% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Turnover | 70 | €108,555 | - | -€108,555 | |
| Goods, raw materials, services and sundry goods | 60/61 | €98,560 | - | -€98,560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301 | €512 | +€211 | +70.1% |
| Other operating charges | 640/8 | €639 | €714 | +€75 | +11.7% |
| Gross operating margin | 9900 | €9,995 | €23,722 | +€13,726 | +137% |
| Operating profit (loss) | 9901 | €9,055 | €22,495 | +€13,440 | +148% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.4% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.4% |
| Financial charges | 65/66B | €263 | €362 | +€99 | +37.4% |
| Recurring financial charges | 65 | €263 | €362 | +€99 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €8,795 | €22,133 | +€13,338 | +152% |
| Income taxes | 67/77 | - | €4,496 | +€4,496 | |
| Profit (loss) for the period | 9904 | €8,795 | €17,637 | +€8,842 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €8,795 | €17,637 | +€8,842 | +101% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.