C.B.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.B.G.
Largest movements
- Receivables after one year -€72,000
no longer reported in 2025 (was €72,000)
- Receivables within one year +€69,917
up €69,917 (+164%), from €42,511 to €112,428
- Deferred charges and accrued income +€3,760
up €3,760 (+254%), from €1,480 to €5,240
- Tangible fixed assets +€2,412
up €2,412 (+17.6%), from €13,739 to €16,151
of which Other tangible fixed assets: +€6,893
- Other debts -€10,456
down €10,456 (-53.2%), from €19,657 to €9,202
- Tax, wage and social debts +€7,300
up €7,300 (+286%), from €2,555 to €9,855
of which Remuneration and social security: +€7,140
- Reserves +€7,163
up €7,163 (+9.0%), from €79,350 to €86,514
of which Distributable reserves: +€7,163
- Current portion of long-term debt +€5,546
up €5,546 (+56.0%), from €9,906 to €15,452
- Debts after one year -€3,242
down €3,242 (-31.2%), from €10,382 to €7,140
- Depreciation -€3,922
down €3,922 (-38.9%), from €10,086 to €6,165
- Financial income +€2,269
up €2,269 (+60.0%), from €3,780 to €6,050
- Staff costs +€2,007
new in 2025: €2,007
- Gross operating margin -€1,493
down €1,493 (-4.8%), from €31,426 to €29,933
- Taxes +€1,029
up €1,029 (+13.7%), from €7,509 to €8,538
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 | €129,730 | €134,362 | +€4,631 | +3.6% |
| Fixed assets | 21/28 | €13,739 | €16,151 | +€2,412 | +17.6% |
| Tangible fixed assets | 22/27 | €13,739 | €16,151 | +€2,412 | +17.6% |
| Plant, machinery and equipment | 23 | €1,047 | €1,186 | +€139 | +13.3% |
| Furniture and vehicles | 24 | €4,621 | - | -€4,621 | |
| Other tangible fixed assets | 26 | €8,071 | €14,964 | +€6,893 | +85.4% |
| Current assets | 29/58 | €115,992 | €118,211 | +€2,219 | +1.9% |
| Amounts receivable after more than one year | 29 | €72,000 | - | -€72,000 | |
| Other amounts receivable | 291 | €72,000 | - | -€72,000 | |
| Amounts receivable within one year | 40/41 | €42,511 | €112,428 | +€69,917 | +164% |
| Other amounts receivable | 41 | €42,511 | €112,428 | +€69,917 | +164% |
| Cash at bank and in hand | 54/58 | - | €543 | +€543 | |
| Deferred charges and accrued income | 490/1 | €1,480 | €5,240 | +€3,760 | +254% |
| Total equity and liabilities | 10/49 | €129,730 | €134,362 | +€4,631 | +3.6% |
| Equity | 10/15 | €85,550 | €92,714 | +€7,163 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,350 | €86,514 | +€7,163 | +9.0% |
| 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 | €77,490 | €84,654 | +€7,163 | +9.2% |
| Amounts payable | 17/49 | €44,180 | €41,648 | -€2,532 | -5.7% |
| Amounts payable after more than one year | 17 | €10,382 | €7,140 | -€3,242 | -31.2% |
| Financial debts | 170/4 | €10,382 | €7,140 | -€3,242 | -31.2% |
| Amounts payable within one year | 42/48 | €33,797 | €34,508 | +€710 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €9,906 | €15,452 | +€5,546 | +56.0% |
| Financial debts | 43 | €1,373 | - | -€1,373 | |
| Credit institutions | 430/8 | €1,373 | - | -€1,373 | |
| Trade debts | 44 | €306 | - | -€306 | |
| Suppliers | 440/4 | €306 | - | -€306 | |
| Taxes, remuneration and social security | 45 | €2,555 | €9,855 | +€7,300 | +286% |
| Taxes | 450/3 | €2,555 | €2,715 | +€160 | +6.3% |
| Remuneration and social security | 454/9 | - | €7,140 | +€7,140 | |
| Other amounts payable | 47/48 | €19,657 | €9,202 | -€10,456 | -53.2% |
| Remuneration, social security and pensions | 62 | - | €2,007 | +€2,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,086 | €6,165 | -€3,922 | -38.9% |
| Other operating charges | 640/8 | €280 | €249 | -€31 | -11.0% |
| Gross operating margin | 9900 | €31,426 | €29,933 | -€1,493 | -4.8% |
| Operating profit (loss) | 9901 | €21,060 | €21,513 | +€452 | +2.1% |
| Financial income | 75/76B | €3,780 | €6,050 | +€2,269 | +60.0% |
| Recurring financial income | 75 | €3,780 | €6,050 | +€2,269 | +60.0% |
| Financial charges | 65/66B | €2,128 | €1,870 | -€258 | -12.1% |
| Recurring financial charges | 65 | €2,128 | €1,870 | -€258 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €22,712 | €25,692 | +€2,980 | +13.1% |
| Income taxes | 67/77 | €7,509 | €8,538 | +€1,029 | +13.7% |
| Profit (loss) for the period | 9904 | €15,204 | €17,154 | +€1,951 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,204 | €17,154 | +€1,951 | +12.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.