C.I.G.M.: 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.I.G.M.
Largest movements
- Tangible fixed assets +€14,623
up €14,623 (+7.3%), from €200,386 to €215,009
of which Other tangible fixed assets: +€29,140
- Cash +€4,888
up €4,888 (+203%), from €2,409 to €7,297
mainly Debts after one year (+€19,043) and Depreciation (+€14,517)
- Current investments +€2,808
up €2,808 (+5.8%), from €48,820 to €51,628
- Debts after one year +€19,043
up €19,043 (+15.2%), from €125,450 to €144,493
- Current portion of long-term debt +€6,630
up €6,630 (+99.1%), from €6,693 to €13,323
- Gross operating margin -€17,327
down €17,327 (-49.9%), from €34,702 to €17,375
- Taxes -€4,077
down €4,077 (-95.3%), from €4,277 to €200
- Financial charges +€1,010
up €1,010 (+44.7%), from €2,261 to €3,271
- Financial income +€410
up €410 (+1,414%), from €29 to €439
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,365 | €274,193 | +€20,828 | +8.2% |
| Fixed assets | 21/28 | €200,386 | €215,009 | +€14,623 | +7.3% |
| Tangible fixed assets | 22/27 | €200,386 | €215,009 | +€14,623 | +7.3% |
| Land and buildings | 22 | €200,386 | €185,869 | -€14,517 | -7.2% |
| Other tangible fixed assets | 26 | - | €29,140 | +€29,140 | |
| Current assets | 29/58 | €52,979 | €59,184 | +€6,205 | +11.7% |
| Current investments | 50/53 | €48,820 | €51,628 | +€2,808 | +5.8% |
| Cash at bank and in hand | 54/58 | €2,409 | €7,297 | +€4,888 | +203% |
| Deferred charges and accrued income | 490/1 | €1,750 | €259 | -€1,491 | -85.2% |
| Total equity and liabilities | 10/49 | €253,365 | €274,193 | +€20,828 | +8.2% |
| Equity | 10/15 | €26,915 | €24,878 | -€2,037 | -7.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,000 | €18,000 | -€2,000 | -10.0% |
| Distributable reserves | 133 | €20,000 | €18,000 | -€2,000 | -10.0% |
| Profit (loss) carried forward | 14 | €715 | €678 | -€37 | -5.2% |
| Amounts payable | 17/49 | €226,450 | €249,315 | +€22,865 | +10.1% |
| Amounts payable after more than one year | 17 | €125,450 | €144,493 | +€19,043 | +15.2% |
| Financial debts | 170/4 | €125,450 | €144,493 | +€19,043 | +15.2% |
| Amounts payable within one year | 42/48 | €101,000 | €104,822 | +€3,822 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €6,693 | €13,323 | +€6,630 | +99.1% |
| Trade debts | 44 | €208 | - | -€208 | |
| Suppliers | 440/4 | €208 | - | -€208 | |
| Taxes, remuneration and social security | 45 | €6,868 | €4,268 | -€2,600 | -37.9% |
| Taxes | 450/3 | €6,868 | €4,268 | -€2,600 | -37.9% |
| Other amounts payable | 47/48 | €87,231 | €87,231 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,518 | €14,517 | -€1 | 0.0% |
| Other operating charges | 640/8 | €1,925 | €1,863 | -€62 | -3.2% |
| Gross operating margin | 9900 | €34,702 | €17,375 | -€17,327 | -49.9% |
| Operating profit (loss) | 9901 | €18,259 | €995 | -€17,264 | -94.6% |
| Financial income | 75/76B | €29 | €439 | +€410 | +1,414% |
| Recurring financial income | 75 | €29 | €439 | +€410 | +1,414% |
| Financial charges | 65/66B | €2,261 | €3,271 | +€1,010 | +44.7% |
| Recurring financial charges | 65 | €2,261 | €3,271 | +€1,010 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €16,027 | -€1,837 | -€17,864 | |
| Income taxes | 67/77 | €4,277 | €200 | -€4,077 | -95.3% |
| Profit (loss) for the period | 9904 | €11,750 | -€2,037 | -€13,787 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,750 | -€2,037 | -€13,787 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.