G5 LOGISTICS: 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.
G5 LOGISTICS
Largest movements
- Tangible fixed assets -€91,323
down €91,323 (-22.0%), from €414,931 to €323,608
of which Leasing and similar rights: -€85,115
- Receivables within one year +€38,841
up €38,841 (+30.4%), from €127,884 to €166,725
of which Trade receivables: +€40,713
- Receivables after one year -€34,172
down €34,172 (-2.1%), from €1.7m to €1.6m
- Debts after one year -€389,844
down €389,844 (-25.7%), from €1.5m to €1.1m
- Profit (loss) carried forward +€285,436
up €285,436 (+379%), from €75,404 to €360,841
- Tax, wage and social debts +€32,314
up €32,314 (+35.3%), from €91,662 to €123,976
of which Taxes: +€45,205
- Gross operating margin +€302,676
up €302,676 (+42.8%), from €707,527 to €1.0m
- Taxes +€92,475
up €92,475 (+709%), from €13,052 to €105,526
- Staff costs -€64,152
down €64,152 (-12.9%), from €497,224 to €433,073
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 | €2,315,843 | €2,221,404 | -€94,438 | -4.1% |
| Fixed assets | 21/28 | €414,931 | €323,608 | -€91,323 | -22.0% |
| Tangible fixed assets | 22/27 | €414,931 | €323,608 | -€91,323 | -22.0% |
| Land and buildings | 22 | €326,587 | €300,025 | -€26,562 | -8.1% |
| Furniture and vehicles | 24 | €483 | €21,200 | +€20,717 | +4,293% |
| Leasing and similar rights | 25 | €86,308 | €1,193 | -€85,115 | -98.6% |
| Other tangible fixed assets | 26 | €1,553 | €1,190 | -€363 | -23.4% |
| Current assets | 29/58 | €1,900,912 | €1,897,796 | -€3,116 | -0.2% |
| Amounts receivable after more than one year | 29 | €1,653,442 | €1,619,270 | -€34,172 | -2.1% |
| Other amounts receivable | 291 | €1,653,442 | €1,619,270 | -€34,172 | -2.1% |
| Amounts receivable within one year | 40/41 | €127,884 | €166,725 | +€38,841 | +30.4% |
| Trade receivables | 40 | €90,256 | €130,969 | +€40,713 | +45.1% |
| Other amounts receivable | 41 | €37,628 | €35,755 | -€1,872 | -5.0% |
| Cash at bank and in hand | 54/58 | €119,586 | €111,802 | -€7,784 | -6.5% |
| Total equity and liabilities | 10/49 | €2,315,843 | €2,221,404 | -€94,438 | -4.1% |
| Equity | 10/15 | €213,006 | €498,442 | +€285,436 | +134% |
| Contributions | 10/11 | €125,092 | €125,092 | = | 0.0% |
| Reserves | 13 | €12,509 | €12,509 | = | 0.0% |
| Distributable reserves | 133 | €12,509 | €12,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,404 | €360,841 | +€285,436 | +379% |
| Amounts payable | 17/49 | €2,102,837 | €1,722,963 | -€379,874 | -18.1% |
| Amounts payable after more than one year | 17 | €1,516,978 | €1,127,134 | -€389,844 | -25.7% |
| Financial debts | 170/4 | €1,516,978 | €1,127,134 | -€389,844 | -25.7% |
| Amounts payable within one year | 42/48 | €548,967 | €573,499 | +€24,532 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €354,618 | €340,939 | -€13,679 | -3.9% |
| Financial debts | 43 | €56,211 | €56,052 | -€160 | -0.3% |
| Credit institutions | 430/8 | €56,211 | €56,052 | -€160 | -0.3% |
| Trade debts | 44 | €46,475 | €52,531 | +€6,056 | +13.0% |
| Suppliers | 440/4 | €46,475 | €52,531 | +€6,056 | +13.0% |
| Taxes, remuneration and social security | 45 | €91,662 | €123,976 | +€32,314 | +35.3% |
| Taxes | 450/3 | €31,638 | €76,842 | +€45,205 | +143% |
| Remuneration and social security | 454/9 | €60,024 | €47,134 | -€12,891 | -21.5% |
| Accrued charges and deferred income | 492/3 | €36,892 | €22,330 | -€14,562 | -39.5% |
| Non-recurring operating income | 76A | - | €57,706 | +€57,706 | |
| Remuneration, social security and pensions | 62 | €497,224 | €433,073 | -€64,152 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,289 | €135,391 | -€5,898 | -4.2% |
| Other operating charges | 640/8 | €14,673 | €18,906 | +€4,234 | +28.9% |
| Gross operating margin | 9900 | €707,527 | €1,010,203 | +€302,676 | +42.8% |
| Operating profit (loss) | 9901 | €54,342 | €422,834 | +€368,492 | +678% |
| Financial income | 75/76B | €47,822 | €48,462 | +€640 | +1.3% |
| Recurring financial income | 75 | €39,061 | €48,462 | +€9,401 | +24.1% |
| Non-recurring financial income | 76B | €8,761 | - | -€8,761 | |
| Financial charges | 65/66B | €72,325 | €80,334 | +€8,009 | +11.1% |
| Recurring financial charges | 65 | €72,325 | €80,334 | +€8,009 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €29,839 | €390,962 | +€361,123 | +1,210% |
| Income taxes | 67/77 | €13,052 | €105,526 | +€92,475 | +709% |
| Profit (loss) for the period | 9904 | €16,787 | €285,436 | +€268,649 | +1,600% |
| Profit (loss) for the period to be appropriated | 9905 | €16,787 | €285,436 | +€268,649 | +1,600% |
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 18 October 2026 via checked.be.