GE Transport: what changed
GE Transport
Largest movements
- Receivables within one year +€7,295
up €7,295 (+4.9%), from €149,300 to €156,595
of which Trade receivables: +€39,855
- Cash -€5,315
down €5,315 (-96.2%), from €5,525 to €210
mainly Tax, wage and social debts (-€20,454) and Receivables within one year (-€7,295)
- Tax, wage and social debts -€20,454
down €20,454 (-34.7%), from €58,887 to €38,433
of which Remuneration and social security: -€14,998
- Reserves +€14,931
up €14,931 (+38.1%), from €39,177 to €54,108
of which Distributable reserves: +€14,931
- Other debts +€14,075
up €14,075 (+46.9%), from €29,989 to €44,063
- Trade debts -€6,571
down €6,571 (-56.0%), from €11,740 to €5,169
- Staff costs -€40,667
down €40,667 (-22.6%), from €180,249 to €139,582
- Gross operating margin -€23,697
down €23,697 (-12.7%), from €185,910 to €162,213
- Taxes +€4,755
up €4,755 (+319%), from €1,491 to €6,246
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,824 | €156,805 | +€1,980 | +1.3% |
| Current assets | 29/58 | €154,824 | €156,805 | +€1,980 | +1.3% |
| Amounts receivable within one year | 40/41 | €149,300 | €156,595 | +€7,295 | +4.9% |
| Trade receivables | 40 | €9,324 | €49,180 | +€39,855 | +427% |
| Other amounts receivable | 41 | €139,975 | €107,415 | -€32,560 | -23.3% |
| Cash at bank and in hand | 54/58 | €5,525 | €210 | -€5,315 | -96.2% |
| Total equity and liabilities | 10/49 | €154,824 | €156,805 | +€1,980 | +1.3% |
| Equity | 10/15 | €54,208 | €69,139 | +€14,931 | +27.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €39,177 | €54,108 | +€14,931 | +38.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,317 | €52,248 | +€14,931 | +40.0% |
| Profit (loss) carried forward | 14 | €2,631 | €2,631 | = | 0.0% |
| Amounts payable | 17/49 | €100,616 | €87,665 | -€12,951 | -12.9% |
| Amounts payable within one year | 42/48 | €100,616 | €87,665 | -€12,951 | -12.9% |
| Trade debts | 44 | €11,740 | €5,169 | -€6,571 | -56.0% |
| Suppliers | 440/4 | €11,740 | €5,169 | -€6,571 | -56.0% |
| Taxes, remuneration and social security | 45 | €58,887 | €38,433 | -€20,454 | -34.7% |
| Taxes | 450/3 | €12,607 | €7,150 | -€5,456 | -43.3% |
| Remuneration and social security | 454/9 | €46,280 | €31,282 | -€14,998 | -32.4% |
| Other amounts payable | 47/48 | €29,989 | €44,063 | +€14,075 | +46.9% |
| Remuneration, social security and pensions | 62 | €180,249 | €139,582 | -€40,667 | -22.6% |
| Other operating charges | 640/8 | €775 | €775 | = | 0.0% |
| Gross operating margin | 9900 | €185,910 | €162,213 | -€23,697 | -12.7% |
| Operating profit (loss) | 9901 | €4,886 | €21,856 | +€16,971 | +347% |
| Financial income | 75/76B | - | €105 | +€105 | |
| Recurring financial income | 75 | - | €105 | +€105 | |
| Financial charges | 65/66B | €800 | €784 | -€16 | -2.0% |
| Recurring financial charges | 65 | €800 | €784 | -€16 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €4,085 | €21,177 | +€17,092 | +418% |
| Income taxes | 67/77 | €1,491 | €6,246 | +€4,755 | +319% |
| Profit (loss) for the period | 9904 | €2,594 | €14,931 | +€12,337 | +476% |
| Profit (loss) for the period to be appropriated | 9905 | €2,594 | €14,931 | +€12,337 | +476% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.