C.G.R. IMMO: what changed
C.G.R. IMMO
Largest movements
- Receivables within one year -€11,993
down €11,993 (-85.4%), from €14,047 to €2,053
of which Other amounts receivable: -€6,858
- Cash +€5,289
up €5,289 (+1,471%), from €360 to €5,649
mainly Net result for the year (+€13,768) and Receivables within one year (+€11,993)
- Tangible fixed assets -€4,813
down €4,813 (-62.9%), from €7,653 to €2,840
- Financial fixed assets -€1,900
no longer reported in 2025 (was €1,900)
- Deferred charges and accrued income -€720
down €720 (-13.8%), from €5,234 to €4,514
- Trade debts -€19,514
down €19,514 (-74.4%), from €26,231 to €6,717
- Profit (loss) carried forward +€13,768
up €13,768 (+12.8%), from -€107,148 to -€93,380
- Other debts -€7,498
down €7,498 (-10.5%), from €71,516 to €64,017
- Current portion of long-term debt -€3,647
down €3,647 (-35.6%), from €10,233 to €6,585
- Tax, wage and social debts +€1,257
up €1,257 (+281%), from €448 to €1,705
of which Taxes: +€1,257
- Staff costs -€88,348
down €88,348 (-98.9%), from €89,337 to €989
- Gross operating margin +€24,808
up €24,808 (+1,942%), from €1,277 to €26,085
- Other operating charges -€4,939
down €4,939 (-87.1%), from €5,668 to €729
- Financial charges -€2,543
down €2,543 (-31.6%), from €8,042 to €5,498
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,769 | €15,344 | -€14,426 | -48.5% |
| Formation expenses | 20 | €577 | €288 | -€289 | -50.1% |
| Fixed assets | 21/28 | €9,553 | €2,840 | -€6,713 | -70.3% |
| Tangible fixed assets | 22/27 | €7,653 | €2,840 | -€4,813 | -62.9% |
| Plant, machinery and equipment | 23 | €7,653 | €2,840 | -€4,813 | -62.9% |
| Financial fixed assets | 28 | €1,900 | - | -€1,900 | |
| Current assets | 29/58 | €19,640 | €12,216 | -€7,424 | -37.8% |
| Amounts receivable within one year | 40/41 | €14,047 | €2,053 | -€11,993 | -85.4% |
| Trade receivables | 40 | €7,105 | €1,969 | -€5,136 | -72.3% |
| Other amounts receivable | 41 | €6,942 | €84 | -€6,858 | -98.8% |
| Cash at bank and in hand | 54/58 | €360 | €5,649 | +€5,289 | +1,471% |
| Deferred charges and accrued income | 490/1 | €5,234 | €4,514 | -€720 | -13.8% |
| Total equity and liabilities | 10/49 | €29,769 | €15,344 | -€14,426 | -48.5% |
| Equity | 10/15 | -€102,148 | -€88,380 | +€13,768 | +13.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,148 | -€93,380 | +€13,768 | +12.8% |
| Amounts payable | 17/49 | €131,917 | €103,724 | -€28,193 | -21.4% |
| Amounts payable after more than one year | 17 | €23,490 | €24,699 | +€1,209 | +5.1% |
| Financial debts | 170/4 | €23,490 | €24,699 | +€1,209 | +5.1% |
| Amounts payable within one year | 42/48 | €108,427 | €79,025 | -€29,402 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €10,233 | €6,585 | -€3,647 | -35.6% |
| Trade debts | 44 | €26,231 | €6,717 | -€19,514 | -74.4% |
| Suppliers | 440/4 | €26,231 | €6,717 | -€19,514 | -74.4% |
| Taxes, remuneration and social security | 45 | €448 | €1,705 | +€1,257 | +281% |
| Taxes | 450/3 | €239 | €1,497 | +€1,257 | +525% |
| Remuneration and social security | 454/9 | €208 | €208 | = | 0.0% |
| Other amounts payable | 47/48 | €71,516 | €64,017 | -€7,498 | -10.5% |
| Remuneration, social security and pensions | 62 | €89,337 | €989 | -€88,348 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,102 | €5,102 | = | 0.0% |
| Other operating charges | 640/8 | €5,668 | €729 | -€4,939 | -87.1% |
| Gross operating margin | 9900 | €1,277 | €26,085 | +€24,808 | +1,942% |
| Operating profit (loss) | 9901 | -€98,829 | €19,266 | +€118,095 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,042 | €5,498 | -€2,543 | -31.6% |
| Recurring financial charges | 65 | €8,042 | €5,498 | -€2,543 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | -€106,871 | €13,768 | +€120,638 | |
| Profit (loss) for the period | 9904 | -€106,871 | €13,768 | +€120,638 | |
| Profit (loss) for the period to be appropriated | 9905 | -€106,871 | €13,768 | +€120,638 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.