The Fifth Element: 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.
The Fifth Element
Largest movements
- Receivables within one year +€20,455
up €20,455 (+3147.8%), from €650 to €21,105
of which Trade receivables: +€21,105
- Other debts +€19,638
up €19,638 (+148.6%), from €13,219 to €32,857
- Profit (loss) carried forward -€4,707
down €4,707 (-27.5%), from -€17,123 to -€21,830
- Tax, wage and social debts +€2,904
new in 2025: €2,904
- Trade debts +€2,581
up €2,581 (+177.2%), from €1,457 to €4,037
- Gross operating margin +€29,749
up €29,749 (+90.8%), from -€32,758 to -€3,009
- Other operating charges -€612
down €612 (-48.1%), from €1,272 to €660
- Taxes +€385
no longer reported in 2025 (was -€385)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €650 | €21,105 | +€20,455 | +3147.8% |
| Current assets | 29/58 | €650 | €21,105 | +€20,455 | +3147.8% |
| Amounts receivable within one year | 40/41 | €650 | €21,105 | +€20,455 | +3147.8% |
| Trade receivables | 40 | - | €21,105 | +€21,105 | |
| Other amounts receivable | 41 | €650 | - | -€650 | |
| Total equity and liabilities | 10/49 | €650 | €21,105 | +€20,455 | +3147.8% |
| Equity | 10/15 | -€14,123 | -€18,830 | -€4,707 | -33.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,123 | -€21,830 | -€4,707 | -27.5% |
| Amounts payable | 17/49 | €14,773 | €39,934 | +€25,162 | +170.3% |
| Amounts payable within one year | 42/48 | €14,773 | €39,934 | +€25,162 | +170.3% |
| Financial debts | 43 | €97 | €137 | +€40 | +41.0% |
| Credit institutions | 430/8 | €97 | €137 | +€40 | +41.0% |
| Trade debts | 44 | €1,457 | €4,037 | +€2,581 | +177.2% |
| Suppliers | 440/4 | €1,457 | €4,037 | +€2,581 | +177.2% |
| Taxes, remuneration and social security | 45 | - | €2,904 | +€2,904 | |
| Taxes | 450/3 | - | €2,904 | +€2,904 | |
| Other amounts payable | 47/48 | €13,219 | €32,857 | +€19,638 | +148.6% |
| Other operating charges | 640/8 | €1,272 | €660 | -€612 | -48.1% |
| Gross operating margin | 9900 | -€32,758 | -€3,009 | +€29,749 | +90.8% |
| Operating profit (loss) | 9901 | -€34,030 | -€3,668 | +€30,362 | +89.2% |
| Financial income | 75/76B | €13 | €5 | -€8 | -62.2% |
| Recurring financial income | 75 | €13 | €5 | -€8 | -62.2% |
| Financial charges | 65/66B | €795 | €1,043 | +€248 | +31.2% |
| Recurring financial charges | 65 | €795 | €1,043 | +€248 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | -€34,813 | -€4,707 | +€30,106 | +86.5% |
| Income taxes | 67/77 | -€385 | - | +€385 | |
| Profit (loss) for the period | 9904 | -€34,428 | -€4,707 | +€29,721 | +86.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,428 | -€4,707 | +€29,721 | +86.3% |
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 10 October 2026 via checked.be.