G5 BELGIE: what changed
G5 BELGIE
Largest movements
- Receivables after one year +€180,000
new in 2025: €180,000
- Receivables within one year -€149,023
down €149,023 (-96.5%), from €154,468 to €5,445
of which Other amounts receivable: -€144,500
- Cash -€7,524
down €7,524 (-2.1%), from €356,076 to €348,552
mainly Receivables after one year (-€180,000) and Deferred charges and accrued income (-€2,250)
- Reserves +€20,616
up €20,616 (+4.1%), from €509,002 to €529,618
- Gross operating margin -€146,131
down €146,131 (-87.5%), from €167,074 to €20,944
- Taxes -€29,360
down €29,360 (-74.6%), from €39,373 to €10,013
- Financial income +€8,793
up €8,793 (+330%), from €2,664 to €11,457
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 | €539,038 | €564,009 | +€24,971 | +4.6% |
| Fixed assets | 21/28 | €28,494 | €27,762 | -€733 | -2.6% |
| Tangible fixed assets | 22/27 | €19,044 | €18,311 | -€733 | -3.8% |
| Land and buildings | 22 | €19,044 | €18,311 | -€733 | -3.8% |
| Financial fixed assets | 28 | €9,451 | €9,451 | = | 0.0% |
| Current assets | 29/58 | €510,543 | €536,247 | +€25,703 | +5.0% |
| Amounts receivable after more than one year | 29 | - | €180,000 | +€180,000 | |
| Trade receivables | 290 | - | €180,000 | +€180,000 | |
| Amounts receivable within one year | 40/41 | €154,468 | €5,445 | -€149,023 | -96.5% |
| Trade receivables | 40 | €9,968 | €5,445 | -€4,523 | -45.4% |
| Other amounts receivable | 41 | €144,500 | - | -€144,500 | |
| Cash at bank and in hand | 54/58 | €356,076 | €348,552 | -€7,524 | -2.1% |
| Deferred charges and accrued income | 490/1 | - | €2,250 | +€2,250 | |
| Total equity and liabilities | 10/49 | €539,038 | €564,009 | +€24,971 | +4.6% |
| Equity | 10/15 | €521,402 | €542,018 | +€20,616 | +4.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €509,002 | €529,618 | +€20,616 | +4.1% |
| Distributable reserves | 133 | €509,002 | €529,618 | +€20,616 | +4.1% |
| Amounts payable | 17/49 | €17,636 | €21,990 | +€4,355 | +24.7% |
| Amounts payable within one year | 42/48 | €17,636 | €21,990 | +€4,355 | +24.7% |
| Trade debts | 44 | €2,667 | €3,413 | +€746 | +28.0% |
| Suppliers | 440/4 | €2,667 | €3,413 | +€746 | +28.0% |
| Taxes, remuneration and social security | 45 | €14,879 | €18,488 | +€3,609 | +24.3% |
| Taxes | 450/3 | €14,879 | €18,488 | +€3,609 | +24.3% |
| Other amounts payable | 47/48 | €90 | €90 | = | 0.0% |
| Non-recurring operating income | 76A | €147,807 | - | -€147,807 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €788 | €733 | -€56 | -7.0% |
| Other operating charges | 640/8 | €1,174 | €726 | -€449 | -38.2% |
| Gross operating margin | 9900 | €167,074 | €20,944 | -€146,131 | -87.5% |
| Operating profit (loss) | 9901 | €165,112 | €19,486 | -€145,626 | -88.2% |
| Financial income | 75/76B | €2,664 | €11,457 | +€8,793 | +330% |
| Recurring financial income | 75 | €2,664 | €11,457 | +€8,793 | +330% |
| Financial charges | 65/66B | €338 | €314 | -€25 | -7.3% |
| Recurring financial charges | 65 | €338 | €314 | -€25 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €167,438 | €30,629 | -€136,809 | -81.7% |
| Income taxes | 67/77 | €39,373 | €10,013 | -€29,360 | -74.6% |
| Profit (loss) for the period | 9904 | €128,065 | €20,616 | -€107,449 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €128,065 | €20,616 | -€107,449 | -83.9% |
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 7 November 2026 via checked.be.