C.G.S.: 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.S.
Largest movements
- Tangible fixed assets +€635
up €635 (+3.5%), from €18,165 to €18,800
of which Other tangible fixed assets: +€3,442
- Profit (loss) carried forward +€8,522
up €8,522 (+12.3%), from -€69,505 to -€60,983
- Debts after one year -€4,136
down €4,136 (-29.7%), from €13,927 to €9,791
of which Financial debts: -€3,395
- Tax, wage and social debts -€2,479
down €2,479 (-20.0%), from €12,396 to €9,917
of which Remuneration and social security: -€1,994
- Other debts -€2,065
no longer reported in 2025 (was €2,065)
- Gross operating margin +€10,795
up €10,795 (+14.5%), from €74,567 to €85,362
- Staff costs +€5,243
up €5,243 (+8.2%), from €63,645 to €68,888
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 | €61,839 | €62,256 | +€417 | +0.7% |
| Fixed assets | 21/28 | €18,325 | €18,960 | +€635 | +3.5% |
| Tangible fixed assets | 22/27 | €18,165 | €18,800 | +€635 | +3.5% |
| Plant, machinery and equipment | 23 | €18,165 | €15,358 | -€2,807 | -15.5% |
| Other tangible fixed assets | 26 | - | €3,442 | +€3,442 | |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €43,514 | €43,296 | -€218 | -0.5% |
| Stocks and contracts in progress | 3 | €3,974 | €4,256 | +€282 | +7.1% |
| Stocks | 30/36 | €3,974 | €4,256 | +€282 | +7.1% |
| Amounts receivable within one year | 40/41 | €400 | €581 | +€181 | +45.3% |
| Trade receivables | 40 | €400 | €581 | +€181 | +45.3% |
| Cash at bank and in hand | 54/58 | €36,481 | €35,937 | -€544 | -1.5% |
| Deferred charges and accrued income | 490/1 | €2,659 | €2,522 | -€137 | -5.2% |
| Total equity and liabilities | 10/49 | €61,839 | €62,256 | +€417 | +0.7% |
| Equity | 10/15 | €25,670 | €34,192 | +€8,522 | +33.2% |
| Contributions | 10/11 | €95,175 | €95,175 | = | 0.0% |
| Capital | 10 | €95,175 | €95,175 | = | 0.0% |
| Issued capital | 100 | €95,175 | €95,175 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,505 | -€60,983 | +€8,522 | +12.3% |
| Amounts payable | 17/49 | €36,169 | €28,064 | -€8,105 | -22.4% |
| Amounts payable after more than one year | 17 | €13,927 | €9,791 | -€4,136 | -29.7% |
| Financial debts | 170/4 | €6,365 | €2,970 | -€3,395 | -53.3% |
| Other amounts payable | 178/9 | €7,562 | €6,821 | -€741 | -9.8% |
| Amounts payable within one year | 42/48 | €22,192 | €18,217 | -€3,975 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €3,219 | €3,395 | +€176 | +5.5% |
| Trade debts | 44 | €4,412 | €4,905 | +€493 | +11.2% |
| Suppliers | 440/4 | €4,412 | €4,905 | +€493 | +11.2% |
| Advances received on contracts in progress | 46 | €100 | - | -€100 | |
| Taxes, remuneration and social security | 45 | €12,396 | €9,917 | -€2,479 | -20.0% |
| Taxes | 450/3 | €3,180 | €2,695 | -€485 | -15.3% |
| Remuneration and social security | 454/9 | €9,216 | €7,222 | -€1,994 | -21.6% |
| Other amounts payable | 47/48 | €2,065 | - | -€2,065 | |
| Accrued charges and deferred income | 492/3 | €50 | €56 | +€6 | +12.0% |
| Remuneration, social security and pensions | 62 | €63,645 | €68,888 | +€5,243 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,804 | €3,864 | +€60 | +1.6% |
| Other operating charges | 640/8 | €2,647 | €2,729 | +€82 | +3.1% |
| Gross operating margin | 9900 | €74,567 | €85,362 | +€10,795 | +14.5% |
| Operating profit (loss) | 9901 | €4,471 | €9,881 | +€5,410 | +121.0% |
| Financial income | 75/76B | €708 | €100 | -€608 | -85.9% |
| Recurring financial income | 75 | €708 | €100 | -€608 | -85.9% |
| Financial charges | 65/66B | €1,460 | €1,228 | -€232 | -15.9% |
| Recurring financial charges | 65 | €1,460 | €1,228 | -€232 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €3,719 | €8,753 | +€5,034 | +135.4% |
| Income taxes | 67/77 | €287 | €231 | -€56 | -19.5% |
| Profit (loss) for the period | 9904 | €3,432 | €8,522 | +€5,090 | +148.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,432 | €8,522 | +€5,090 | +148.3% |
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 7 October 2026 via checked.be.