FIVE P: what changed
FIVE P
Largest movements
- Tangible fixed assets +€3,035
up €3,035 (+482%), from €630 to €3,665
- Cash +€308
up €308 (+40.5%), from €761 to €1,069
mainly Net result for the year (+€11,742) and Depreciation (+€518)
- Deferred charges and accrued income +€102
up €102 (+84.7%), from €121 to €223
- Profit (loss) carried forward +€11,742
up €11,742 (+28.6%), from -€41,107 to -€29,365
- Other debts -€8,406
down €8,406 (-35.4%), from €23,752 to €15,346
- Tax, wage and social debts +€151
up €151 (+11.7%), from €1,291 to €1,442
- Gross operating margin +€21,108
up €21,108, from -€8,146 to €12,962
- Depreciation +€360
up €360 (+229%), from €158 to €518
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,537 | €7,982 | +€3,445 | +75.9% |
| Fixed assets | 21/28 | €630 | €3,665 | +€3,035 | +482% |
| Tangible fixed assets | 22/27 | €630 | €3,665 | +€3,035 | +482% |
| Furniture and vehicles | 24 | €630 | €3,665 | +€3,035 | +482% |
| Current assets | 29/58 | €3,907 | €4,317 | +€410 | +10.5% |
| Amounts receivable within one year | 40/41 | €3,025 | €3,025 | = | 0.0% |
| Trade receivables | 40 | €3,025 | €3,025 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €761 | €1,069 | +€308 | +40.5% |
| Deferred charges and accrued income | 490/1 | €121 | €223 | +€102 | +84.7% |
| Total equity and liabilities | 10/49 | €4,537 | €7,982 | +€3,445 | +75.9% |
| Equity | 10/15 | -€20,647 | -€8,905 | +€11,742 | +56.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,107 | -€29,365 | +€11,742 | +28.6% |
| Amounts payable | 17/49 | €25,183 | €16,887 | -€8,296 | -32.9% |
| Amounts payable within one year | 42/48 | €25,183 | €16,887 | -€8,296 | -32.9% |
| Trade debts | 44 | €140 | €99 | -€41 | -29.0% |
| Suppliers | 440/4 | €140 | €99 | -€41 | -29.0% |
| Taxes, remuneration and social security | 45 | €1,291 | €1,442 | +€151 | +11.7% |
| Taxes | 450/3 | €1,291 | €1,442 | +€151 | +11.7% |
| Other amounts payable | 47/48 | €23,752 | €15,346 | -€8,406 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158 | €518 | +€360 | +229% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€8,146 | €12,962 | +€21,108 | |
| Operating profit (loss) | 9901 | -€8,691 | €12,045 | +€20,735 | |
| Financial charges | 65/66B | €321 | €303 | -€18 | -5.6% |
| Recurring financial charges | 65 | €321 | €303 | -€18 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,012 | €11,742 | +€20,753 | |
| Profit (loss) for the period | 9904 | -€9,012 | €11,742 | +€20,753 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,012 | €11,742 | +€20,753 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.