C.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.G.
Largest movements
- Cash -€33,085
down €33,085 (-37.3%), from €88,618 to €55,533
mainly Receivables within one year (-€32,581) and Tax, wage and social debts (-€6,790)
- Receivables within one year +€32,581
up €32,581 (+81.9%), from €39,775 to €72,356
of which Trade receivables: +€36,562
- Deferred charges and accrued income +€1,557
new in 2025: €1,557
- Trade debts +€10,001
up €10,001 (+94.0%), from €10,645 to €20,646
- Tax, wage and social debts -€6,790
down €6,790 (-28.2%), from €24,038 to €17,248
of which Taxes: -€12,126
- Debts after one year -€2,161
no longer reported in 2025 (was €2,161)
- Current portion of long-term debt -€1,732
down €1,732 (-44.9%), from €3,854 to €2,122
- Gross operating margin -€48,937
down €48,937 (-60.5%), from €80,853 to €31,915
- Write-downs -€14,493
no longer reported in 2025 (was €14,493)
- Staff costs +€11,155
up €11,155 (+175%), from €6,380 to €17,535
- Taxes -€9,699
down €9,699 (-83.4%), from €11,630 to €1,931
- Other operating charges +€2,191
up €2,191 (+285%), from €769 to €2,960
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 | €134,502 | €134,455 | -€46 | 0.0% |
| Fixed assets | 21/28 | €6,108 | €5,009 | -€1,100 | -18.0% |
| Tangible fixed assets | 22/27 | €6,108 | €5,009 | -€1,100 | -18.0% |
| Furniture and vehicles | 24 | €1,423 | €323 | -€1,100 | -77.3% |
| Other tangible fixed assets | 26 | €4,686 | €4,686 | = | 0.0% |
| Current assets | 29/58 | €128,393 | €129,446 | +€1,053 | +0.8% |
| Amounts receivable within one year | 40/41 | €39,775 | €72,356 | +€32,581 | +81.9% |
| Trade receivables | 40 | €35,025 | €71,587 | +€36,562 | +104% |
| Other amounts receivable | 41 | €4,750 | €769 | -€3,981 | -83.8% |
| Cash at bank and in hand | 54/58 | €88,618 | €55,533 | -€33,085 | -37.3% |
| Deferred charges and accrued income | 490/1 | - | €1,557 | +€1,557 | |
| Total equity and liabilities | 10/49 | €134,502 | €134,455 | -€46 | 0.0% |
| Equity | 10/15 | €93,805 | €93,121 | -€683 | -0.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,805 | €91,121 | -€683 | -0.7% |
| Amounts payable | 17/49 | €40,697 | €41,334 | +€637 | +1.6% |
| Amounts payable after more than one year | 17 | €2,161 | - | -€2,161 | |
| Financial debts | 170/4 | €2,161 | - | -€2,161 | |
| Amounts payable within one year | 42/48 | €38,536 | €41,334 | +€2,797 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €3,854 | €2,122 | -€1,732 | -44.9% |
| Trade debts | 44 | €10,645 | €20,646 | +€10,001 | +94.0% |
| Suppliers | 440/4 | €10,645 | €20,646 | +€10,001 | +94.0% |
| Taxes, remuneration and social security | 45 | €24,038 | €17,248 | -€6,790 | -28.2% |
| Taxes | 450/3 | €24,038 | €11,912 | -€12,126 | -50.4% |
| Remuneration and social security | 454/9 | - | €5,336 | +€5,336 | |
| Other amounts payable | 47/48 | - | €1,318 | +€1,318 | |
| Non-recurring operating income | 76A | €58,402 | - | -€58,402 | |
| Remuneration, social security and pensions | 62 | €6,380 | €17,535 | +€11,155 | +175% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,672 | €1,100 | -€572 | -34.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,493 | - | -€14,493 | |
| Other operating charges | 640/8 | €769 | €2,960 | +€2,191 | +285% |
| Gross operating margin | 9900 | €80,853 | €31,915 | -€48,937 | -60.5% |
| Operating profit (loss) | 9901 | €57,539 | €10,321 | -€47,218 | -82.1% |
| Financial income | 75/76B | €0 | €181 | +€181 | +47,558% |
| Recurring financial income | 75 | €0 | €181 | +€181 | +47,558% |
| Financial charges | 65/66B | €1,109 | €3,255 | +€2,146 | +194% |
| Recurring financial charges | 65 | €1,109 | €3,255 | +€2,146 | +194% |
| Profit (loss) for the period before taxes | 9903 | €56,431 | €7,247 | -€49,183 | -87.2% |
| Income taxes | 67/77 | €11,630 | €1,931 | -€9,699 | -83.4% |
| Profit (loss) for the period | 9904 | €44,801 | €5,317 | -€39,484 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,801 | €5,317 | -€39,484 | -88.1% |
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 19 October 2026 via checked.be.