C G R: 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 R
Largest movements
- Cash -€30,681
down €30,681 (-94.8%), from €32,348 to €1,667
mainly Receivables within one year (-€27,248) and Tax, wage and social debts (-€7,663)
- Receivables within one year +€27,248
up €27,248 (+33.7%), from €80,929 to €108,177
of which Other amounts receivable: +€28,737
- Tangible fixed assets +€2,300
up €2,300 (+132%), from €1,743 to €4,043
- Profit (loss) carried forward +€10,355
up €10,355 (+10.8%), from €95,544 to €105,900
- Tax, wage and social debts -€7,663
down €7,663 (-18.3%), from €41,774 to €34,111
of which Remuneration and social security: -€3,953
- Trade debts -€3,943
down €3,943 (-21.6%), from €18,290 to €14,347
- Gross operating margin -€70,085
down €70,085 (-70.8%), from €98,987 to €28,902
- Taxes -€17,285
down €17,285 (-67.1%), from €25,741 to €8,456
- Other operating charges -€3,545
down €3,545 (-77.6%), from €4,566 to €1,021
- Financial income +€2,173
up €2,173 (+60.8%), from €3,571 to €5,744
- Staff costs -€1,317
down €1,317 (-9.9%), from €13,310 to €11,993
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 | €176,014 | €174,763 | -€1,251 | -0.7% |
| Fixed assets | 21/28 | €62,301 | €64,601 | +€2,300 | +3.7% |
| Tangible fixed assets | 22/27 | €1,743 | €4,043 | +€2,300 | +132% |
| Furniture and vehicles | 24 | €1,743 | €4,043 | +€2,300 | +132% |
| Financial fixed assets | 28 | €60,559 | €60,559 | = | 0.0% |
| Current assets | 29/58 | €113,712 | €110,161 | -€3,551 | -3.1% |
| Amounts receivable within one year | 40/41 | €80,929 | €108,177 | +€27,248 | +33.7% |
| Trade receivables | 40 | €15,484 | €13,995 | -€1,489 | -9.6% |
| Other amounts receivable | 41 | €65,445 | €94,182 | +€28,737 | +43.9% |
| Cash at bank and in hand | 54/58 | €32,348 | €1,667 | -€30,681 | -94.8% |
| Deferred charges and accrued income | 490/1 | €435 | €318 | -€118 | -27.0% |
| Total equity and liabilities | 10/49 | €176,014 | €174,763 | -€1,251 | -0.7% |
| Equity | 10/15 | €115,949 | €126,305 | +€10,355 | +8.9% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €13,905 | €13,905 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €12,050 | €12,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,544 | €105,900 | +€10,355 | +10.8% |
| Amounts payable | 17/49 | €60,064 | €48,458 | -€11,606 | -19.3% |
| Amounts payable within one year | 42/48 | €60,064 | €48,458 | -€11,606 | -19.3% |
| Trade debts | 44 | €18,290 | €14,347 | -€3,943 | -21.6% |
| Suppliers | 440/4 | €18,290 | €14,347 | -€3,943 | -21.6% |
| Taxes, remuneration and social security | 45 | €41,774 | €34,111 | -€7,663 | -18.3% |
| Taxes | 450/3 | €37,821 | €34,111 | -€3,710 | -9.8% |
| Remuneration and social security | 454/9 | €3,953 | - | -€3,953 | |
| Remuneration, social security and pensions | 62 | €13,310 | €11,993 | -€1,317 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163 | €1,013 | +€850 | +522% |
| Other operating charges | 640/8 | €4,566 | €1,021 | -€3,545 | -77.6% |
| Gross operating margin | 9900 | €98,987 | €28,902 | -€70,085 | -70.8% |
| Operating profit (loss) | 9901 | €80,949 | €14,876 | -€66,073 | -81.6% |
| Financial income | 75/76B | €3,571 | €5,744 | +€2,173 | +60.8% |
| Recurring financial income | 75 | €3,571 | €5,744 | +€2,173 | +60.8% |
| Financial charges | 65/66B | €1,519 | €1,808 | +€290 | +19.1% |
| Recurring financial charges | 65 | €1,519 | €1,808 | +€290 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €83,001 | €18,812 | -€64,190 | -77.3% |
| Income taxes | 67/77 | €25,741 | €8,456 | -€17,285 | -67.1% |
| Profit (loss) for the period | 9904 | €57,260 | €10,355 | -€46,905 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,260 | €10,355 | -€46,905 | -81.9% |
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 29 October 2026 via checked.be.