C.G.E.: 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.E.
Largest movements
- Receivables within one year +€50,751
up €50,751 (+21.3%), from €238,770 to €289,522
of which Trade receivables: +€53,737
- Cash +€4,849
up €4,849 (+356%), from €1,362 to €6,211
mainly Net result for the year (+€34,156) and Trade debts (+€23,394)
- Profit (loss) carried forward +€34,156
up €34,156 (+24.2%), from €141,220 to €175,376
- Trade debts +€23,394
up €23,394 (+35.3%), from €66,226 to €89,619
- Gross operating margin +€15,912
up €15,912 (+2.6%), from €608,319 to €624,231
- Staff costs +€7,169
up €7,169 (+1.3%), from €561,658 to €568,827
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 | €263,790 | €318,008 | +€54,218 | +20.6% |
| Fixed assets | 21/28 | €20,627 | €22,275 | +€1,649 | +8.0% |
| Tangible fixed assets | 22/27 | €19,851 | €21,499 | +€1,649 | +8.3% |
| Furniture and vehicles | 24 | €19,851 | €21,499 | +€1,649 | +8.3% |
| Financial fixed assets | 28 | €776 | €776 | = | 0.0% |
| Current assets | 29/58 | €243,163 | €295,732 | +€52,569 | +21.6% |
| Amounts receivable within one year | 40/41 | €238,770 | €289,522 | +€50,751 | +21.3% |
| Trade receivables | 40 | €221,769 | €275,506 | +€53,737 | +24.2% |
| Other amounts receivable | 41 | €17,001 | €14,016 | -€2,986 | -17.6% |
| Cash at bank and in hand | 54/58 | €1,362 | €6,211 | +€4,849 | +356% |
| Deferred charges and accrued income | 490/1 | €3,031 | - | -€3,031 | |
| Total equity and liabilities | 10/49 | €263,790 | €318,008 | +€54,218 | +20.6% |
| Equity | 10/15 | €162,291 | €196,447 | +€34,156 | +21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,471 | €2,471 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,471 | €2,471 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,471 | €2,471 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,220 | €175,376 | +€34,156 | +24.2% |
| Amounts payable | 17/49 | €101,499 | €121,561 | +€20,062 | +19.8% |
| Amounts payable within one year | 42/48 | €92,193 | €114,161 | +€21,968 | +23.8% |
| Trade debts | 44 | €66,226 | €89,619 | +€23,394 | +35.3% |
| Suppliers | 440/4 | €66,226 | €89,619 | +€23,394 | +35.3% |
| Taxes, remuneration and social security | 45 | €25,370 | €24,542 | -€828 | -3.3% |
| Taxes | 450/3 | €1,184 | €9,080 | +€7,896 | +667% |
| Remuneration and social security | 454/9 | €24,186 | €15,462 | -€8,724 | -36.1% |
| Other amounts payable | 47/48 | €597 | - | -€597 | |
| Accrued charges and deferred income | 492/3 | €9,307 | €7,400 | -€1,907 | -20.5% |
| Remuneration, social security and pensions | 62 | €561,658 | €568,827 | +€7,169 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,378 | €9,501 | +€2,123 | +28.8% |
| Other operating charges | 640/8 | €875 | €2,220 | +€1,345 | +154% |
| Gross operating margin | 9900 | €608,319 | €624,231 | +€15,912 | +2.6% |
| Operating profit (loss) | 9901 | €38,409 | €43,684 | +€5,275 | +13.7% |
| Financial income | 75/76B | €0 | €3,895 | +€3,894 | +1,557,760% |
| Recurring financial income | 75 | €0 | €3,895 | +€3,894 | +1,557,760% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €909 | €864 | -€45 | -4.9% |
| Recurring financial charges | 65 | €909 | €864 | -€45 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €37,500 | €46,714 | +€9,214 | +24.6% |
| Income taxes | 67/77 | €7,719 | €12,558 | +€4,839 | +62.7% |
| Profit (loss) for the period | 9904 | €29,781 | €34,156 | +€4,375 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,781 | €34,156 | +€4,375 | +14.7% |
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 25 October 2026 via checked.be.