C.G.UNION: 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.UNION
Largest movements
- Tangible fixed assets -€44,402
down €44,402 (-20.4%), from €217,262 to €172,860
of which Furniture and vehicles: -€31,402
- Cash +€22,644
up €22,644 (+42.0%), from €53,908 to €76,553
mainly Trade debts (+€100,961) and Depreciation (+€46,137)
- Stocks and contracts +€10,949
up €10,949 (+11.9%), from €92,371 to €103,320
- Receivables within one year -€9,881
down €9,881 (-57.5%), from €17,187 to €7,306
- Trade debts +€100,961
up €100,961 (+117.9%), from €85,605 to €186,567
- Tax, wage and social debts -€47,285
down €47,285 (-92.1%), from €51,316 to €4,030
of which Taxes: -€42,432
- Profit (loss) carried forward -€37,956
down €37,956 (-231.2%), from -€16,419 to -€54,375
- Debts after one year -€35,839
down €35,839 (-16.6%), from €215,653 to €179,814
of which Financial debts: -€35,806
- Gross operating margin -€68,401
down €68,401 (-42.2%), from €161,910 to €93,509
- Staff costs +€30,109
up €30,109 (+109.5%), from €27,491 to €57,600
- Other operating charges -€12,560
down €12,560 (-54.2%), from €23,184 to €10,625
- Write-downs +€2,003
up €2,003 (+31.5%), from €6,365 to €8,368
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 | €392,967 | €369,280 | -€23,687 | -6.0% |
| Fixed assets | 21/28 | €217,262 | €172,860 | -€44,402 | -20.4% |
| Tangible fixed assets | 22/27 | €217,262 | €172,860 | -€44,402 | -20.4% |
| Land and buildings | 22 | €106,667 | €93,667 | -€13,000 | -12.2% |
| Furniture and vehicles | 24 | €110,595 | €79,193 | -€31,402 | -28.4% |
| Current assets | 29/58 | €175,705 | €196,420 | +€20,715 | +11.8% |
| Stocks and contracts in progress | 3 | €92,371 | €103,320 | +€10,949 | +11.9% |
| Stocks | 30/36 | €92,371 | €103,320 | +€10,949 | +11.9% |
| Amounts receivable within one year | 40/41 | €17,187 | €7,306 | -€9,881 | -57.5% |
| Other amounts receivable | 41 | €17,187 | €7,306 | -€9,881 | -57.5% |
| Cash at bank and in hand | 54/58 | €53,908 | €76,553 | +€22,644 | +42.0% |
| Deferred charges and accrued income | 490/1 | €12,239 | €9,241 | -€2,999 | -24.5% |
| Total equity and liabilities | 10/49 | €392,967 | €369,280 | -€23,687 | -6.0% |
| Equity | 10/15 | €2,173 | -€35,783 | -€37,956 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Share premium | 1100/10 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,419 | -€54,375 | -€37,956 | -231.2% |
| Amounts payable | 17/49 | €390,794 | €405,063 | +€14,268 | +3.7% |
| Amounts payable after more than one year | 17 | €215,653 | €179,814 | -€35,839 | -16.6% |
| Financial debts | 170/4 | €146,643 | €110,838 | -€35,806 | -24.4% |
| Other amounts payable | 178/9 | €69,009 | €68,976 | -€34 | 0.0% |
| Amounts payable within one year | 42/48 | €175,142 | €225,249 | +€50,108 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €38,220 | €34,652 | -€3,568 | -9.3% |
| Trade debts | 44 | €85,605 | €186,567 | +€100,961 | +117.9% |
| Suppliers | 440/4 | €85,605 | €186,567 | +€100,961 | +117.9% |
| Taxes, remuneration and social security | 45 | €51,316 | €4,030 | -€47,285 | -92.1% |
| Taxes | 450/3 | €45,226 | €2,794 | -€42,432 | -93.8% |
| Remuneration and social security | 454/9 | €6,090 | €1,237 | -€4,853 | -79.7% |
| Remuneration, social security and pensions | 62 | €27,491 | €57,600 | +€30,109 | +109.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,118 | €46,137 | +€19 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,365 | €8,368 | +€2,003 | +31.5% |
| Other operating charges | 640/8 | €23,184 | €10,625 | -€12,560 | -54.2% |
| Gross operating margin | 9900 | €161,910 | €93,509 | -€68,401 | -42.2% |
| Operating profit (loss) | 9901 | €58,752 | -€29,220 | -€87,972 | |
| Financial income | 75/76B | €85 | €6 | -€79 | -93.4% |
| Recurring financial income | 75 | €85 | €6 | -€79 | -93.4% |
| Financial charges | 65/66B | €8,824 | €8,629 | -€195 | -2.2% |
| Recurring financial charges | 65 | €8,824 | €8,629 | -€195 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €50,013 | -€37,843 | -€87,857 | |
| Income taxes | 67/77 | €18 | €112 | +€94 | +526.3% |
| Profit (loss) for the period | 9904 | €49,995 | -€37,956 | -€87,951 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,995 | -€37,956 | -€87,951 |
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 4 October 2026 via checked.be.