C.G.P.: 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.P.
Largest movements
- Cash -€28,588
down €28,588 (-13.4%), from €213,627 to €185,040
mainly Contributions, distributions and other (-€100,895) and Investment in fixed assets (net) (-€24,622)
- Tangible fixed assets +€10,157
up €10,157 (+42.4%), from €23,948 to €34,105
of which Furniture and vehicles: +€10,205
- Receivables within one year +€7,184
up €7,184 (+49.3%), from €14,573 to €21,757
of which Trade receivables: +€5,712
- Reserves -€45,297
down €45,297 (-24.9%), from €181,742 to €136,444
- Other debts +€42,842
up €42,842 (+950%), from €4,512 to €47,353
- Profit (loss) carried forward -€22,225
no longer reported in 2025 (was €22,225)
- Trade debts -€17,286
down €17,286 (-71.9%), from €24,045 to €6,759
- Short-term financial debts +€14,000
new in 2025: €14,000
- Gross operating margin +€13,380
up €13,380 (+25.5%), from €52,465 to €65,846
- Staff costs +€9,732
up €9,732 (+257%), from €3,784 to €13,516
- Financial income +€7,807
up €7,807 (+245%), from €3,187 to €10,994
of which Non-recurring financial income: +€7,969
- Taxes +€1,895
up €1,895 (+17.2%), from €10,994 to €12,890
- Depreciation +€1,646
up €1,646 (+12.8%), from €12,820 to €14,465
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 | €255,759 | €242,592 | -€13,167 | -5.1% |
| Fixed assets | 21/28 | €24,141 | €34,298 | +€10,157 | +42.1% |
| Tangible fixed assets | 22/27 | €23,948 | €34,105 | +€10,157 | +42.4% |
| Land and buildings | 22 | €2,375 | €2,127 | -€249 | -10.5% |
| Plant, machinery and equipment | 23 | €1,125 | €1,325 | +€200 | +17.8% |
| Furniture and vehicles | 24 | €20,448 | €30,653 | +€10,205 | +49.9% |
| Financial fixed assets | 28 | €193 | €193 | = | 0.0% |
| Current assets | 29/58 | €231,617 | €208,293 | -€23,324 | -10.1% |
| Stocks and contracts in progress | 3 | €450 | €450 | = | 0.0% |
| Stocks | 30/36 | €450 | €450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,573 | €21,757 | +€7,184 | +49.3% |
| Trade receivables | 40 | €7,043 | €12,755 | +€5,712 | +81.1% |
| Other amounts receivable | 41 | €7,530 | €9,002 | +€1,472 | +19.5% |
| Cash at bank and in hand | 54/58 | €213,627 | €185,040 | -€28,588 | -13.4% |
| Deferred charges and accrued income | 490/1 | €2,967 | €1,047 | -€1,920 | -64.7% |
| Total equity and liabilities | 10/49 | €255,759 | €242,592 | -€13,167 | -5.1% |
| Equity | 10/15 | €210,164 | €142,642 | -€67,522 | -32.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €181,742 | €136,444 | -€45,297 | -24.9% |
| Distributable reserves | 133 | €181,742 | €136,444 | -€45,297 | -24.9% |
| Profit (loss) carried forward | 14 | €22,225 | - | -€22,225 | |
| Amounts payable | 17/49 | €45,595 | €99,950 | +€54,355 | +119% |
| Amounts payable after more than one year | 17 | €2,248 | €15,880 | +€13,632 | +606% |
| Financial debts | 170/4 | €2,248 | €15,880 | +€13,632 | +606% |
| Amounts payable within one year | 42/48 | €43,337 | €84,070 | +€40,733 | +94.0% |
| Current portion of amounts payable after more than one year | 42 | €6,653 | €8,021 | +€1,368 | +20.6% |
| Financial debts | 43 | - | €14,000 | +€14,000 | |
| Credit institutions | 430/8 | - | €14,000 | +€14,000 | |
| Trade debts | 44 | €24,045 | €6,759 | -€17,286 | -71.9% |
| Suppliers | 440/4 | €24,045 | €6,759 | -€17,286 | -71.9% |
| Taxes, remuneration and social security | 45 | €8,127 | €7,937 | -€191 | -2.3% |
| Taxes | 450/3 | €7,630 | €2,579 | -€5,051 | -66.2% |
| Remuneration and social security | 454/9 | €497 | €5,358 | +€4,861 | +978% |
| Other amounts payable | 47/48 | €4,512 | €47,353 | +€42,842 | +950% |
| Accrued charges and deferred income | 492/3 | €11 | - | -€11 | |
| Remuneration, social security and pensions | 62 | €3,784 | €13,516 | +€9,732 | +257% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,820 | €14,465 | +€1,646 | +12.8% |
| Other operating charges | 640/8 | €1,003 | €1,302 | +€299 | +29.8% |
| Gross operating margin | 9900 | €52,465 | €65,846 | +€13,380 | +25.5% |
| Operating profit (loss) | 9901 | €34,859 | €36,563 | +€1,704 | +4.9% |
| Financial income | 75/76B | €3,187 | €10,994 | +€7,807 | +245% |
| Recurring financial income | 75 | €1,406 | €1,244 | -€162 | -11.5% |
| Non-recurring financial income | 76B | €1,781 | €9,750 | +€7,969 | +447% |
| Financial charges | 65/66B | €904 | €1,295 | +€391 | +43.2% |
| Recurring financial charges | 65 | €904 | €1,295 | +€391 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €37,142 | €46,262 | +€9,120 | +24.6% |
| Income taxes | 67/77 | €10,994 | €12,890 | +€1,895 | +17.2% |
| Profit (loss) for the period | 9904 | €26,148 | €33,373 | +€7,225 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,148 | €33,373 | +€7,225 | +27.6% |
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 20 October 2026 via checked.be.