C.A.G.: 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.
C.A.G.
Largest movements
- Tangible fixed assets +€439,374
new in 2025: €439,374
of which Land and buildings: +€424,572
- Receivables within one year -€151,452
down €151,452 (-100.0%), from €151,452 to €0
of which Trade receivables: -€151,250
- Cash +€68,304
up €68,304 (+32.0%), from €213,257 to €281,561
mainly Other debts (+€237,980) and Net result for the year (+€160,550)
- Other debts +€237,980
new in 2025: €237,980
- Profit (loss) carried forward +€160,550
up €160,550 (+69.1%), from €232,278 to €392,828
- Tax, wage and social debts -€39,785
down €39,785 (-29.5%), from €134,718 to €94,934
of which Taxes: -€42,285
- Gross operating margin -€44,810
down €44,810 (-14.8%), from €303,393 to €258,583
- Other operating charges +€37,054
up €37,054 (+8472.5%), from €437 to €37,491
- Taxes -€12,000
down €12,000 (-17.0%), from €70,759 to €58,759
- Financial income +€6,382
up €6,382 (+4127.6%), from €155 to €6,537
- Financial charges +€5,991
up €5,991 (+8148.8%), from €74 to €6,065
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.
Cash bridge derived
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 | €368,996 | €727,922 | +€358,926 | +97.3% |
| Fixed assets | 21/28 | - | €439,374 | +€439,374 | |
| Tangible fixed assets | 22/27 | - | €439,374 | +€439,374 | |
| Land and buildings | 22 | - | €424,572 | +€424,572 | |
| Furniture and vehicles | 24 | - | €14,802 | +€14,802 | |
| Current assets | 29/58 | €368,996 | €288,548 | -€80,448 | -21.8% |
| Amounts receivable within one year | 40/41 | €151,452 | €0 | -€151,452 | -100.0% |
| Trade receivables | 40 | €151,250 | €0 | -€151,250 | -100.0% |
| Other amounts receivable | 41 | €202 | €0 | -€202 | -100.0% |
| Cash at bank and in hand | 54/58 | €213,257 | €281,561 | +€68,304 | +32.0% |
| Deferred charges and accrued income | 490/1 | €4,288 | €6,988 | +€2,700 | +63.0% |
| Total equity and liabilities | 10/49 | €368,996 | €727,922 | +€358,926 | +97.3% |
| Equity | 10/15 | €234,278 | €394,828 | +€160,550 | +68.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,278 | €392,828 | +€160,550 | +69.1% |
| Amounts payable | 17/49 | €134,718 | €333,094 | +€198,376 | +147.3% |
| Amounts payable within one year | 42/48 | €134,718 | €332,914 | +€198,196 | +147.1% |
| Taxes, remuneration and social security | 45 | €134,718 | €94,934 | -€39,785 | -29.5% |
| Taxes | 450/3 | €134,718 | €92,434 | -€42,285 | -31.4% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | - | €237,980 | +€237,980 | |
| Accrued charges and deferred income | 492/3 | - | €180 | +€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,255 | +€2,255 | |
| Other operating charges | 640/8 | €437 | €37,491 | +€37,054 | +8472.5% |
| Gross operating margin | 9900 | €303,393 | €258,583 | -€44,810 | -14.8% |
| Operating profit (loss) | 9901 | €302,956 | €218,837 | -€84,119 | -27.8% |
| Financial income | 75/76B | €155 | €6,537 | +€6,382 | +4127.6% |
| Recurring financial income | 75 | €155 | €6,537 | +€6,382 | +4127.6% |
| Financial charges | 65/66B | €74 | €6,065 | +€5,991 | +8148.8% |
| Recurring financial charges | 65 | €74 | €6,065 | +€5,991 | +8148.8% |
| Profit (loss) for the period before taxes | 9903 | €303,037 | €219,309 | -€83,728 | -27.6% |
| Income taxes | 67/77 | €70,759 | €58,759 | -€12,000 | -17.0% |
| Profit (loss) for the period | 9904 | €232,278 | €160,550 | -€71,728 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €232,278 | €160,550 | -€71,728 | -30.9% |
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 9 October 2026 via checked.be.