C. G.: what changed
Two fiscal 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.
What changed
C. G.
NACE 52.100, Warehousing and storage
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €39,341+€1.1m
Equity
€1.4m
2024 · €263,232+€1.2m
Cash
€153,920
2024 · €172,043-€18,123
Balance sheet total
€1.8m
2024 · €326,631+€1.5m
Largest movements
Assets
- Tangible fixed assets +€923,571
up €923,571 (+761.9%), from €121,223 to €1.0m
of which Land and buildings: +€864,128
- Current investments +€600,000
new in 2025: €600,000
Equity and liabilities
- Reserves +€1.1m
up €1.1m (+2431.1%), from €46,925 to €1.2m
of which Tax-exempt reserves: +€1.1m
- Provisions +€380,259
new in 2025: €380,259
- Profit (loss) carried forward +€29,028
up €29,028 (+41.1%), from €70,606 to €99,634
- Other debts -€24,875
down €24,875 (-76.5%), from €32,509 to €7,634
Income statement
- Gross operating margin +€1.5m
up €1.5m (+1647.2%), from €91,783 to €1.6m
- Write-downs +€47,500
up €47,500, from -€47,500 to €0
- Other operating charges -€44,957
down €44,957 (-72.3%), from €62,166 to €17,209
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.
Result 2024
€39,341
Gross operating margin
+€1.5m
Depreciation
-€8,429
Write-downs
-€47,500
Other operating charges
+€44,957
Financial income
+€6,555
Financial charges
+€112
Taxes
+€3,200
Deferred taxes and other
-€380,259
Result 2025
€1.2m
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.
From operations
+€1.6m
Investment
-€1.6m
Financing
-€11,331
Cash 2024
€172,043
From operations (derived)
+€1.6m
Net result for the year
+€1.2m
Depreciation
+€33,420
Smaller working-capital items
-€2,009
Receivables within one year
+€3,249
Provisions
+€380,259
Trade debts
-€9,782
Other debts
-€24,875
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€956,858
Current investments
-€600,000
Financing
-€11,331
Debts after one year
-€3,358
Current portion of long-term debt
-€7,973
Cash 2025
€153,920
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €326,631 | €1,829,421 | +€1.5m | +460.1% |
| Fixed assets | 21/28 | €121,391 | €1,044,829 | +€923,438 | +760.7% |
| Intangible fixed assets | 21 | €167 | €34 | -€133 | -79.7% |
| Tangible fixed assets | 22/27 | €121,223 | €1,044,795 | +€923,571 | +761.9% |
| Land and buildings | 22 | €110,197 | €974,324 | +€864,128 | +784.2% |
| Plant, machinery and equipment | 23 | €4,062 | €62,851 | +€58,789 | +1447.3% |
| Furniture and vehicles | 24 | €5,754 | €7,075 | +€1,321 | +23.0% |
| Other tangible fixed assets | 26 | €1,211 | €544 | -€667 | -55.1% |
| Current assets | 29/58 | €205,240 | €784,592 | +€579,352 | +282.3% |
| Stocks and contracts in progress | 3 | €15,875 | €15,375 | -€500 | -3.1% |
| Stocks | 30/36 | €15,875 | €15,375 | -€500 | -3.1% |
| Amounts receivable within one year | 40/41 | €16,390 | €13,141 | -€3,249 | -19.8% |
| Trade receivables | 40 | €15,363 | €12,944 | -€2,419 | -15.7% |
| Other amounts receivable | 41 | €1,027 | €197 | -€829 | -80.8% |
| Current investments | 50/53 | - | €600,000 | +€600,000 | |
| Cash at bank and in hand | 54/58 | €172,043 | €153,920 | -€18,123 | -10.5% |
| Deferred charges and accrued income | 490/1 | €932 | €2,156 | +€1,224 | +131.3% |
| Total equity and liabilities | 10/49 | €326,631 | €1,829,421 | +€1.5m | +460.1% |
| Equity | 10/15 | €263,232 | €1,433,036 | +€1.2m | +444.4% |
| Contributions | 10/11 | €145,700 | €145,700 | = | 0.0% |
| Capital | 10 | €145,700 | €145,700 | = | 0.0% |
| Issued capital | 100 | €145,700 | €145,700 | = | 0.0% |
| Reserves | 13 | €46,925 | €1,187,701 | +€1.1m | +2431.1% |
| Non-distributable reserves | 130/1 | €33,162 | €33,162 | = | 0.0% |
| Legal reserve | 130 | €14,570 | €14,570 | = | 0.0% |
| Other | 1319 | €18,592 | €18,592 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,810 | €1,144,586 | +€1.1m | +29939.9% |
| Distributable reserves | 133 | €9,953 | €9,953 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,606 | €99,634 | +€29,028 | +41.1% |
| Provisions and deferred taxes | 16 | - | €380,259 | +€380,259 | |
| Deferred taxes | 168 | - | €380,259 | +€380,259 | |
| Amounts payable | 17/49 | €63,399 | €16,126 | -€47,273 | -74.6% |
| Amounts payable after more than one year | 17 | €3,358 | €0 | -€3,358 | -100.0% |
| Financial debts | 170/4 | €3,358 | €0 | -€3,358 | -100.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €60,041 | €16,126 | -€43,915 | -73.1% |
| Current portion of amounts payable after more than one year | 42 | €7,973 | €0 | -€7,973 | -100.0% |
| Trade debts | 44 | €15,310 | €5,527 | -€9,782 | -63.9% |
| Suppliers | 440/4 | €15,310 | €5,527 | -€9,782 | -63.9% |
| Taxes, remuneration and social security | 45 | €4,250 | €2,965 | -€1,285 | -30.2% |
| Taxes | 450/3 | €4,250 | €2,965 | -€1,285 | -30.2% |
| Other amounts payable | 47/48 | €32,509 | €7,634 | -€24,875 | -76.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,850 | €0 | -€2,850 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,991 | €33,420 | +€8,429 | +33.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€47,500 | €0 | +€47,500 | |
| Other operating charges | 640/8 | €62,166 | €17,209 | -€44,957 | -72.3% |
| Gross operating margin | 9900 | €91,783 | €1,603,609 | +€1.5m | +1647.2% |
| Operating profit (loss) | 9901 | €52,126 | €1,552,980 | +€1.5m | +2879.3% |
| Financial income | 75/76B | €1 | €6,556 | +€6,555 | +978334.3% |
| Recurring financial income | 75 | €1 | €6,556 | +€6,555 | +978334.3% |
| Financial charges | 65/66B | €811 | €699 | -€112 | -13.8% |
| Recurring financial charges | 65 | €811 | €699 | -€112 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €51,315 | €1,558,836 | +€1.5m | +2937.8% |
| Transfer from deferred taxes | 780 | - | €3,677 | +€3,677 | |
| Transfer to deferred taxes | 680 | - | €383,935 | +€383,935 | |
| Income taxes | 67/77 | €11,974 | €8,773 | -€3,200 | -26.7% |
| Profit (loss) for the period | 9904 | €39,341 | €1,169,804 | +€1.1m | +2873.5% |
| Transfer from tax-exempt reserves | 789 | - | €11,030 | +€11,030 | |
| Transfer to tax-exempt reserves | 689 | - | €1,151,806 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €39,341 | €29,028 | -€10,314 | -26.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.