5GEE: 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.
5GEE
Largest movements
- Receivables within one year -€18,344
down €18,344 (-90.5%), from €20,260 to €1,916
of which Trade receivables: -€18,150
- Deferred charges and accrued income +€14,839
up €14,839 (+757%), from €1,962 to €16,801
- Tangible fixed assets -€10,009
down €10,009 (-10.7%), from €93,353 to €83,344
of which Furniture and vehicles: -€12,824
- Trade debts +€20,889
up €20,889 (+728%), from €2,870 to €23,759
- Debts after one year -€16,139
down €16,139 (-35.1%), from €46,042 to €29,903
- Profit (loss) carried forward -€10,965
new in 2025: -€10,965
- Tax, wage and social debts -€6,740
down €6,740 (-27.3%), from €24,657 to €17,917
- Gross operating margin -€35,608
down €35,608 (-82.4%), from €43,210 to €7,602
- Depreciation -€10,739
down €10,739 (-42.4%), from €25,341 to €14,602
- Taxes -€3,706
down €3,706 (-91.9%), from €4,035 to €328
- Other operating charges -€644
down €644 (-81.7%), from €788 to €144
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 | €117,174 | €103,777 | -€13,397 | -11.4% |
| Fixed assets | 21/28 | €93,353 | €83,344 | -€10,009 | -10.7% |
| Tangible fixed assets | 22/27 | €93,353 | €83,344 | -€10,009 | -10.7% |
| Plant, machinery and equipment | 23 | €3,295 | €6,110 | +€2,815 | +85.4% |
| Furniture and vehicles | 24 | €90,058 | €77,234 | -€12,824 | -14.2% |
| Current assets | 29/58 | €23,821 | €20,433 | -€3,387 | -14.2% |
| Amounts receivable within one year | 40/41 | €20,260 | €1,916 | -€18,344 | -90.5% |
| Trade receivables | 40 | €20,056 | €1,906 | -€18,150 | -90.5% |
| Other amounts receivable | 41 | €204 | €11 | -€194 | -94.8% |
| Cash at bank and in hand | 54/58 | €1,599 | €1,717 | +€117 | +7.3% |
| Deferred charges and accrued income | 490/1 | €1,962 | €16,801 | +€14,839 | +757% |
| Total equity and liabilities | 10/49 | €117,174 | €103,777 | -€13,397 | -11.4% |
| Equity | 10/15 | €19,509 | €8,545 | -€10,965 | -56.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,509 | €16,509 | = | 0.0% |
| Distributable reserves | 133 | €16,509 | €16,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,965 | -€10,965 | |
| Amounts payable | 17/49 | €97,665 | €95,233 | -€2,432 | -2.5% |
| Amounts payable after more than one year | 17 | €46,042 | €29,903 | -€16,139 | -35.1% |
| Financial debts | 170/4 | €46,042 | €29,903 | -€16,139 | -35.1% |
| Amounts payable within one year | 42/48 | €51,623 | €65,330 | +€13,707 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €16,745 | €17,454 | +€708 | +4.2% |
| Trade debts | 44 | €2,870 | €23,759 | +€20,889 | +728% |
| Suppliers | 440/4 | €2,870 | €23,759 | +€20,889 | +728% |
| Taxes, remuneration and social security | 45 | €24,657 | €17,917 | -€6,740 | -27.3% |
| Taxes | 450/3 | €24,657 | €17,917 | -€6,740 | -27.3% |
| Other amounts payable | 47/48 | €7,350 | €6,200 | -€1,150 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,341 | €14,602 | -€10,739 | -42.4% |
| Other operating charges | 640/8 | €788 | €144 | -€644 | -81.7% |
| Gross operating margin | 9900 | €43,210 | €7,602 | -€35,608 | -82.4% |
| Operating profit (loss) | 9901 | €17,081 | -€7,144 | -€24,226 | |
| Financial charges | 65/66B | €3,593 | €3,492 | -€101 | -2.8% |
| Recurring financial charges | 65 | €3,593 | €3,492 | -€101 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €13,488 | -€10,636 | -€24,125 | |
| Income taxes | 67/77 | €4,035 | €328 | -€3,706 | -91.9% |
| Profit (loss) for the period | 9904 | €9,454 | -€10,965 | -€20,418 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,454 | -€10,965 | -€20,418 |
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 19 October 2026 via checked.be.