C.G.S. Immo: 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.S. Immo
Largest movements
- Tangible fixed assets +€358,714
up €358,714 (+147%), from €244,460 to €603,174
of which Land and buildings: +€361,651
- Receivables within one year +€12,404
up €12,404 (+306%), from €4,057 to €16,461
of which Other amounts receivable: +€10,160
- Debts after one year +€257,766
up €257,766 (+334%), from €77,168 to €334,934
of which Financial debts: +€257,766
- Other debts +€101,575
up €101,575 (+90.6%), from €112,145 to €213,719
- Current portion of long-term debt +€17,457
up €17,457 (+174%), from €10,037 to €27,494
- Profit (loss) carried forward -€8,171
down €8,171 (-27.9%), from €29,330 to €21,159
- Depreciation +€9,756
up €9,756 (+65.5%), from €14,897 to €24,652
- Gross operating margin +€8,724
up €8,724 (+41.9%), from €20,826 to €29,550
- Financial charges +€6,825
up €6,825 (+257%), from €2,660 to €9,485
- Other operating charges +€1,207
up €1,207 (+50.8%), from €2,375 to €3,582
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 | €250,105 | €620,253 | +€370,148 | +148% |
| Fixed assets | 21/28 | €244,460 | €603,174 | +€358,714 | +147% |
| Tangible fixed assets | 22/27 | €244,460 | €603,174 | +€358,714 | +147% |
| Land and buildings | 22 | €223,277 | €584,928 | +€361,651 | +162% |
| Plant, machinery and equipment | 23 | €21,183 | €18,246 | -€2,937 | -13.9% |
| Current assets | 29/58 | €5,645 | €17,080 | +€11,434 | +203% |
| Amounts receivable within one year | 40/41 | €4,057 | €16,461 | +€12,404 | +306% |
| Trade receivables | 40 | - | €2,244 | +€2,244 | |
| Other amounts receivable | 41 | €4,057 | €14,217 | +€10,160 | +250% |
| Cash at bank and in hand | 54/58 | €1,588 | €618 | -€970 | -61.1% |
| Total equity and liabilities | 10/49 | €250,105 | €620,253 | +€370,148 | +148% |
| Equity | 10/15 | €47,930 | €39,759 | -€8,171 | -17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,330 | €21,159 | -€8,171 | -27.9% |
| Amounts payable | 17/49 | €202,175 | €580,494 | +€378,319 | +187% |
| Amounts payable after more than one year | 17 | €77,168 | €334,934 | +€257,766 | +334% |
| Financial debts | 170/4 | €74,168 | €331,934 | +€257,766 | +348% |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €125,007 | €245,560 | +€120,553 | +96.4% |
| Current portion of amounts payable after more than one year | 42 | €10,037 | €27,494 | +€17,457 | +174% |
| Trade debts | 44 | €1,041 | €2,563 | +€1,521 | +146% |
| Suppliers | 440/4 | €1,041 | €2,563 | +€1,521 | +146% |
| Advances received on contracts in progress | 46 | €1,500 | €1,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €284 | €284 | = | 0.0% |
| Taxes | 450/3 | €284 | €284 | = | 0.0% |
| Other amounts payable | 47/48 | €112,145 | €213,719 | +€101,575 | +90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,897 | €24,652 | +€9,756 | +65.5% |
| Other operating charges | 640/8 | €2,375 | €3,582 | +€1,207 | +50.8% |
| Gross operating margin | 9900 | €20,826 | €29,550 | +€8,724 | +41.9% |
| Operating profit (loss) | 9901 | €3,554 | €1,316 | -€2,239 | -63.0% |
| Financial charges | 65/66B | €2,660 | €9,485 | +€6,825 | +257% |
| Recurring financial charges | 65 | €2,660 | €9,485 | +€6,825 | +257% |
| Profit (loss) for the period before taxes | 9903 | €895 | -€8,170 | -€9,064 | |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | €895 | -€8,171 | -€9,066 | |
| Profit (loss) for the period to be appropriated | 9905 | €895 | -€8,171 | -€9,066 |
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 24 October 2026 via checked.be.