C.G.I.: 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.I.
Largest movements
- Cash -€48,347
down €48,347 (-42.3%), from €114,205 to €65,858
mainly Investment in fixed assets (net) (-€53,695) and Other debts (-€22,259)
- Tangible fixed assets +€45,695
up €45,695 (+21.2%), from €215,290 to €260,984
- Receivables within one year +€5,671
up €5,671 (+12.5%), from €45,236 to €50,907
of which Other amounts receivable: +€6,809
- Deferred charges and accrued income -€5,386
down €5,386 (-76.9%), from €7,008 to €1,622
- Other debts -€22,259
down €22,259 (-44.0%), from €50,625 to €28,367
- Trade debts +€17,803
up €17,803 (+1,582%), from €1,125 to €18,928
- Reserves +€11,050
up €11,050 (+5.4%), from €205,576 to €216,627
of which Distributable reserves: +€11,050
- Tax, wage and social debts -€8,963
down €8,963 (-35.5%), from €25,255 to €16,292
- Gross operating margin -€9,537
down €9,537 (-14.6%), from €65,107 to €55,569
- Taxes -€7,814
down €7,814 (-58.2%), from €13,425 to €5,611
- Depreciation -€6,312
down €6,312 (-44.1%), from €14,312 to €8,000
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 | €381,739 | €379,371 | -€2,368 | -0.6% |
| Fixed assets | 21/28 | €215,290 | €260,984 | +€45,695 | +21.2% |
| Tangible fixed assets | 22/27 | €215,290 | €260,984 | +€45,695 | +21.2% |
| Land and buildings | 22 | €215,290 | €260,984 | +€45,695 | +21.2% |
| Current assets | 29/58 | €166,449 | €118,386 | -€48,063 | -28.9% |
| Amounts receivable within one year | 40/41 | €45,236 | €50,907 | +€5,671 | +12.5% |
| Trade receivables | 40 | €1,138 | - | -€1,138 | |
| Other amounts receivable | 41 | €44,098 | €50,907 | +€6,809 | +15.4% |
| Cash at bank and in hand | 54/58 | €114,205 | €65,858 | -€48,347 | -42.3% |
| Deferred charges and accrued income | 490/1 | €7,008 | €1,622 | -€5,386 | -76.9% |
| Total equity and liabilities | 10/49 | €381,739 | €379,371 | -€2,368 | -0.6% |
| Equity | 10/15 | €304,734 | €315,784 | +€11,050 | +3.6% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €205,576 | €216,627 | +€11,050 | +5.4% |
| Non-distributable reserves | 130/1 | €11,626 | €11,626 | = | 0.0% |
| Legal reserve | 130 | €9,917 | €9,917 | = | 0.0% |
| Other | 1319 | €1,709 | €1,709 | = | 0.0% |
| Distributable reserves | 133 | €193,950 | €205,001 | +€11,050 | +5.7% |
| Amounts payable | 17/49 | €77,005 | €63,587 | -€13,419 | -17.4% |
| Amounts payable within one year | 42/48 | €77,005 | €63,587 | -€13,419 | -17.4% |
| Trade debts | 44 | €1,125 | €18,928 | +€17,803 | +1,582% |
| Suppliers | 440/4 | €1,125 | €18,928 | +€17,803 | +1,582% |
| Taxes, remuneration and social security | 45 | €25,255 | €16,292 | -€8,963 | -35.5% |
| Taxes | 450/3 | €25,255 | €16,292 | -€8,963 | -35.5% |
| Other amounts payable | 47/48 | €50,625 | €28,367 | -€22,259 | -44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,312 | €8,000 | -€6,312 | -44.1% |
| Other operating charges | 640/8 | €11,063 | €11,423 | +€360 | +3.3% |
| Non-recurring operating charges | 66A | - | €19,414 | +€19,414 | |
| Gross operating margin | 9900 | €65,107 | €55,569 | -€9,537 | -14.6% |
| Operating profit (loss) | 9901 | €39,731 | €16,732 | -€22,999 | -57.9% |
| Financial income | 75/76B | €578 | €503 | -€76 | -13.1% |
| Recurring financial income | 75 | €578 | €503 | -€76 | -13.1% |
| Financial charges | 65/66B | €625 | €573 | -€51 | -8.2% |
| Recurring financial charges | 65 | €625 | €573 | -€51 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €39,685 | €16,661 | -€23,024 | -58.0% |
| Income taxes | 67/77 | €13,425 | €5,611 | -€7,814 | -58.2% |
| Profit (loss) for the period | 9904 | €26,260 | €11,050 | -€15,210 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,260 | €11,050 | -€15,210 | -57.9% |
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 18 October 2026 via checked.be.