C.G.C.: 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.C.
Largest movements
- Receivables within one year -€759,104
down €759,104 (-84.2%), from €901,669 to €142,565
- Financial fixed assets +€605,000
up €605,000 (+51.6%), from €1.2m to €1.8m
- Debts after one year -€70,651
down €70,651 (-4.2%), from €1.7m to €1.6m
of which Other amounts payable: -€40,651
- Trade debts -€52,404
down €52,404 (-99.0%), from €52,931 to €527
- Financial charges +€104,385
up €104,385 (+172.0%), from €60,687 to €165,072
- Financial income -€32,474
down €32,474 (-49.8%), from €65,198 to €32,724
- Taxes -€24,475
no longer reported in 2025 (was €24,475)
- Other operating charges -€21,210
down €21,210 (-39.6%), from €53,536 to €32,327
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 | €3,223,960 | €3,081,324 | -€142,635 | -4.4% |
| Fixed assets | 21/28 | €2,295,064 | €2,900,064 | +€605,000 | +26.4% |
| Tangible fixed assets | 22/27 | €1,122,064 | €1,122,064 | = | 0.0% |
| Land and buildings | 22 | €1,122,064 | €1,122,064 | = | 0.0% |
| Financial fixed assets | 28 | €1,173,000 | €1,778,000 | +€605,000 | +51.6% |
| Current assets | 29/58 | €928,896 | €181,260 | -€747,635 | -80.5% |
| Amounts receivable within one year | 40/41 | €901,669 | €142,565 | -€759,104 | -84.2% |
| Other amounts receivable | 41 | €901,669 | €142,565 | -€759,104 | -84.2% |
| Cash at bank and in hand | 54/58 | €27,227 | €38,696 | +€11,469 | +42.1% |
| Total equity and liabilities | 10/49 | €3,223,960 | €3,081,324 | -€142,635 | -4.4% |
| Equity | 10/15 | €1,304,523 | €1,283,607 | -€20,916 | -1.6% |
| Contributions | 10/11 | €1,180,000 | €1,180,000 | = | 0.0% |
| Reserves | 13 | €123,150 | €98,150 | -€25,000 | -20.3% |
| Tax-exempt reserves | 132 | €63,150 | €63,150 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €35,000 | -€25,000 | -41.7% |
| Profit (loss) carried forward | 14 | €1,373 | €5,457 | +€4,084 | +297.5% |
| Amounts payable | 17/49 | €1,919,437 | €1,797,717 | -€121,720 | -6.3% |
| Amounts payable after more than one year | 17 | €1,686,779 | €1,616,128 | -€70,651 | -4.2% |
| Financial debts | 170/4 | €215,000 | €185,000 | -€30,000 | -14.0% |
| Other amounts payable | 178/9 | €1,471,779 | €1,431,128 | -€40,651 | -2.8% |
| Amounts payable within one year | 42/48 | €232,658 | €181,589 | -€51,069 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €78,216 | €92,440 | +€14,224 | +18.2% |
| Trade debts | 44 | €52,931 | €527 | -€52,404 | -99.0% |
| Suppliers | 440/4 | €52,931 | €527 | -€52,404 | -99.0% |
| Taxes, remuneration and social security | 45 | €33,508 | €36,309 | +€2,800 | +8.4% |
| Taxes | 450/3 | €33,508 | €36,309 | +€2,800 | +8.4% |
| Other amounts payable | 47/48 | €68,003 | €52,314 | -€15,689 | -23.1% |
| Other operating charges | 640/8 | €53,536 | €32,327 | -€21,210 | -39.6% |
| Gross operating margin | 9900 | €143,943 | €143,759 | -€184 | -0.1% |
| Operating profit (loss) | 9901 | €90,406 | €111,432 | +€21,026 | +23.3% |
| Financial income | 75/76B | €65,198 | €32,724 | -€32,474 | -49.8% |
| Recurring financial income | 75 | €65,198 | €32,724 | -€32,474 | -49.8% |
| Financial charges | 65/66B | €60,687 | €165,072 | +€104,385 | +172.0% |
| Recurring financial charges | 65 | €60,687 | €165,072 | +€104,385 | +172.0% |
| Profit (loss) for the period before taxes | 9903 | €94,917 | -€20,916 | -€115,833 | |
| Income taxes | 67/77 | €24,475 | - | -€24,475 | |
| Profit (loss) for the period | 9904 | €70,442 | -€20,916 | -€91,357 | |
| Transfer to tax-exempt reserves | 689 | €63,150 | - | -€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,292 | -€20,916 | -€28,207 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.