C.G.E.D.: 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.
C.G.E.D.
Largest movements
- Cash +€11,701
up €11,701 (+136.1%), from €8,597 to €20,299
mainly Net result for the year (+€8,354) and Deferred charges and accrued income (+€2,000)
- Deferred charges and accrued income -€2,000
down €2,000 (-28.6%), from €7,000 to €5,000
- Profit (loss) carried forward +€8,354
up €8,354 (+4.1%), from -€202,185 to -€193,832
- Gross operating margin -€249
down €249 (-2.3%), from €10,797 to €10,549
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 | €101,519 | €110,875 | +€9,356 | +9.2% |
| Fixed assets | 21/28 | €85,853 | €85,508 | -€345 | -0.4% |
| Tangible fixed assets | 22/27 | €85,853 | €85,508 | -€345 | -0.4% |
| Land and buildings | 22 | €85,853 | €85,508 | -€345 | -0.4% |
| Current assets | 29/58 | €15,666 | €25,368 | +€9,701 | +61.9% |
| Amounts receivable within one year | 40/41 | €69 | €69 | -€0 | 0.0% |
| Trade receivables | 40 | €69 | €69 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €8,597 | €20,299 | +€11,701 | +136.1% |
| Deferred charges and accrued income | 490/1 | €7,000 | €5,000 | -€2,000 | -28.6% |
| Total equity and liabilities | 10/49 | €101,519 | €110,875 | +€9,356 | +9.2% |
| Equity | 10/15 | -€140,185 | -€131,832 | +€8,354 | +6.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€202,185 | -€193,832 | +€8,354 | +4.1% |
| Amounts payable | 17/49 | €241,705 | €242,707 | +€1,003 | +0.4% |
| Amounts payable within one year | 42/48 | €241,705 | €242,707 | +€1,003 | +0.4% |
| Trade debts | 44 | - | €4 | +€4 | |
| Suppliers | 440/4 | - | €4 | +€4 | |
| Other amounts payable | 47/48 | €241,705 | €242,703 | +€999 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €345 | €345 | = | 0.0% |
| Other operating charges | 640/8 | €1,733 | €1,798 | +€65 | +3.7% |
| Gross operating margin | 9900 | €10,797 | €10,549 | -€249 | -2.3% |
| Operating profit (loss) | 9901 | €8,719 | €8,406 | -€313 | -3.6% |
| Financial charges | 65/66B | €135 | €53 | -€83 | -61.1% |
| Recurring financial charges | 65 | €135 | €53 | -€83 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | €8,584 | €8,354 | -€231 | -2.7% |
| Profit (loss) for the period | 9904 | €8,584 | €8,354 | -€231 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,584 | €8,354 | -€231 | -2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.