G5V: what changed
G5V
Largest movements
- Receivables within one year -€60,052
down €60,052 (-91.9%), from €65,340 to €5,288
of which Trade receivables: -€65,340
- Cash +€10,883
up €10,883 (+14.8%), from €73,371 to €84,253
mainly Other debts (+€85,765) and Receivables within one year (+€60,052)
- Tangible fixed assets -€6,553
down €6,553 (-33.7%), from €19,429 to €12,876
- Profit (loss) carried forward -€108,688
down €108,688 (-100%), from €108,688 to €0
- Other debts +€85,765
up €85,765 (+600%), from €14,290 to €100,055
- Tax, wage and social debts -€29,975
down €29,975 (-95.7%), from €31,333 to €1,358
- Accrued charges and deferred income -€1,756
down €1,756 (-99.0%), from €1,773 to €17
- Gross operating margin -€72,540
down €72,540, from €55,254 to -€17,286
- Taxes -€10,998
down €10,998 (-98.7%), from €11,146 to €148
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 | €159,594 | €103,974 | -€55,620 | -34.9% |
| Fixed assets | 21/28 | €19,429 | €12,876 | -€6,553 | -33.7% |
| Tangible fixed assets | 22/27 | €19,429 | €12,876 | -€6,553 | -33.7% |
| Furniture and vehicles | 24 | €19,429 | €12,876 | -€6,553 | -33.7% |
| Current assets | 29/58 | €140,165 | €91,098 | -€49,067 | -35.0% |
| Amounts receivable within one year | 40/41 | €65,340 | €5,288 | -€60,052 | -91.9% |
| Trade receivables | 40 | €65,340 | €0 | -€65,340 | -100% |
| Other amounts receivable | 41 | - | €5,288 | +€5,288 | |
| Cash at bank and in hand | 54/58 | €73,371 | €84,253 | +€10,883 | +14.8% |
| Deferred charges and accrued income | 490/1 | €1,455 | €1,557 | +€103 | +7.1% |
| Total equity and liabilities | 10/49 | €159,594 | €103,974 | -€55,620 | -34.9% |
| Equity | 10/15 | €111,188 | €2,500 | -€108,688 | -97.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,688 | €0 | -€108,688 | -100% |
| Amounts payable | 17/49 | €48,406 | €101,474 | +€53,068 | +110% |
| Amounts payable within one year | 42/48 | €46,633 | €101,457 | +€54,824 | +118% |
| Trade debts | 44 | €1,010 | €44 | -€966 | -95.6% |
| Suppliers | 440/4 | €1,010 | €44 | -€966 | -95.6% |
| Taxes, remuneration and social security | 45 | €31,333 | €1,358 | -€29,975 | -95.7% |
| Taxes | 450/3 | €31,333 | €1,358 | -€29,975 | -95.7% |
| Other amounts payable | 47/48 | €14,290 | €100,055 | +€85,765 | +600% |
| Accrued charges and deferred income | 492/3 | €1,773 | €17 | -€1,756 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,553 | €6,553 | = | 0.0% |
| Other operating charges | 640/8 | €64 | €465 | +€402 | +630% |
| Gross operating margin | 9900 | €55,254 | -€17,286 | -€72,540 | |
| Operating profit (loss) | 9901 | €48,637 | -€24,305 | -€72,942 | |
| Financial income | 75/76B | €260 | €0 | -€260 | -100.0% |
| Recurring financial income | 75 | €260 | €0 | -€260 | -100.0% |
| Financial charges | 65/66B | €153 | €174 | +€21 | +13.8% |
| Recurring financial charges | 65 | €153 | €174 | +€21 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €48,744 | -€24,479 | -€73,223 | |
| Income taxes | 67/77 | €11,146 | €148 | -€10,998 | -98.7% |
| Profit (loss) for the period | 9904 | €37,598 | -€24,627 | -€62,224 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,598 | -€24,627 | -€62,224 |
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 5 November 2026 via checked.be.