C.M.G.: 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.
What changed
C.M.G.
NACE 01.610, Support activities for crop production
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,492
2024 · €4,012+€9,480
Equity
€509,392
2024 · €510,900-€1,508
Cash
€172,395
2024 · €156,235+€16,160
Balance sheet total
€922,794
2024 · €940,498-€17,704
Largest movements
Assets
- Tangible fixed assets -€30,203
down €30,203 (-42.6%), from €70,944 to €40,741
of which Plant, machinery and equipment: -€31,106
- Cash +€16,160
up €16,160 (+10.3%), from €156,235 to €172,395
mainly Depreciation (+€44,091) and Trade debts (+€18,929)
- Intangible fixed assets -€12,401
down €12,401 (-71.5%), from €17,354 to €4,953
Equity and liabilities
- Debts after one year -€24,902
down €24,902 (-70.4%), from €35,387 to €10,485
- Trade debts +€18,929
up €18,929 (+25.3%), from €74,891 to €93,820
- Tax, wage and social debts -€17,688
down €17,688 (-42.2%), from €41,880 to €24,192
of which Remuneration and social security: -€12,649
- Other debts +€10,000
up €10,000 (+200%), from €5,000 to €15,000
Income statement
- Staff costs -€36,877
down €36,877 (-18.6%), from €198,200 to €161,323
- Gross operating margin -€31,293
down €31,293 (-12.1%), from €259,140 to €227,847
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.
Result 2024
€4,012
Gross operating margin
-€31,293
Staff costs
+€36,877
Depreciation
-€68
Other operating charges
+€1,960
Other operating items
-€63
Financial income
-€38
Financial charges
+€2,066
Taxes
+€40
Result 2025
€13,492
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€57,183
Investment
-€1,487
Financing
-€39,536
Cash 2024
€156,235
From operations (derived)
+€57,183
Net result for the year
+€13,492
Depreciation
+€44,091
Receivables within one year
-€7,987
Deferred charges and accrued income
-€753
Provisions
-€2,900
Trade debts
+€18,929
Tax, wage and social debts
-€17,688
Other debts
+€10,000
Investment (derived)
-€1,487
Investment in fixed assets (net)
-€1,487
Financing
-€39,536
Debts after one year
-€24,902
Current portion of long-term debt
+€366
Contributions, distributions and other
-€15,000
Cash 2025
€172,395
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €940,498 | €922,794 | -€17,704 | -1.9% |
| Fixed assets | 21/28 | €88,298 | €45,694 | -€42,604 | -48.3% |
| Intangible fixed assets | 21 | €17,354 | €4,953 | -€12,401 | -71.5% |
| Tangible fixed assets | 22/27 | €70,944 | €40,741 | -€30,203 | -42.6% |
| Plant, machinery and equipment | 23 | €70,713 | €39,608 | -€31,106 | -44.0% |
| Furniture and vehicles | 24 | €231 | €1,134 | +€903 | +391% |
| Current assets | 29/58 | €852,200 | €877,100 | +€24,900 | +2.9% |
| Stocks and contracts in progress | 3 | €595,000 | €595,000 | = | 0.0% |
| Stocks | 30/36 | €595,000 | €595,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €96,088 | €104,075 | +€7,987 | +8.3% |
| Trade receivables | 40 | €90,829 | €93,230 | +€2,401 | +2.6% |
| Other amounts receivable | 41 | €5,259 | €10,845 | +€5,587 | +106% |
| Cash at bank and in hand | 54/58 | €156,235 | €172,395 | +€16,160 | +10.3% |
| Deferred charges and accrued income | 490/1 | €4,877 | €5,630 | +€753 | +15.4% |
| Total equity and liabilities | 10/49 | €940,498 | €922,794 | -€17,704 | -1.9% |
| Equity | 10/15 | €510,900 | €509,392 | -€1,508 | -0.3% |
| Contributions | 10/11 | €147,545 | €147,545 | = | 0.0% |
| Capital | 10 | €147,545 | €147,545 | = | 0.0% |
| Issued capital | 100 | €147,545 | €147,545 | = | 0.0% |
| Reserves | 13 | €362,552 | €360,964 | -€1,589 | -0.4% |
| Non-distributable reserves | 130/1 | €14,755 | €14,755 | = | 0.0% |
| Legal reserve | 130 | €14,755 | €14,755 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,998 | €47,109 | -€5,889 | -11.1% |
| Distributable reserves | 133 | €294,800 | €299,100 | +€4,300 | +1.5% |
| Profit (loss) carried forward | 14 | €803 | €883 | +€81 | +10.1% |
| Provisions and deferred taxes | 16 | €26,104 | €23,203 | -€2,900 | -11.1% |
| Deferred taxes | 168 | €26,104 | €23,203 | -€2,900 | -11.1% |
| Amounts payable | 17/49 | €403,495 | €390,199 | -€13,296 | -3.3% |
| Amounts payable after more than one year | 17 | €35,387 | €10,485 | -€24,902 | -70.4% |
| Financial debts | 170/4 | €35,387 | €10,485 | -€24,902 | -70.4% |
| Amounts payable within one year | 42/48 | €256,308 | €267,914 | +€11,606 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €24,536 | €24,902 | +€366 | +1.5% |
| Financial debts | 43 | €110,000 | €110,000 | = | 0.0% |
| Credit institutions | 430/8 | €110,000 | €110,000 | = | 0.0% |
| Trade debts | 44 | €74,891 | €93,820 | +€18,929 | +25.3% |
| Suppliers | 440/4 | €74,891 | €93,820 | +€18,929 | +25.3% |
| Taxes, remuneration and social security | 45 | €41,880 | €24,192 | -€17,688 | -42.2% |
| Taxes | 450/3 | €18,863 | €13,824 | -€5,039 | -26.7% |
| Remuneration and social security | 454/9 | €23,017 | €10,368 | -€12,649 | -55.0% |
| Other amounts payable | 47/48 | €5,000 | €15,000 | +€10,000 | +200% |
| Accrued charges and deferred income | 492/3 | €111,800 | €111,800 | = | 0.0% |
| Non-recurring operating income | 76A | €1,462 | €750 | -€712 | -48.7% |
| Remuneration, social security and pensions | 62 | €198,200 | €161,323 | -€36,877 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,022 | €44,091 | +€68 | +0.2% |
| Other operating charges | 640/8 | €3,872 | €1,912 | -€1,960 | -50.6% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €259,140 | €227,847 | -€31,293 | -12.1% |
| Operating profit (loss) | 9901 | €13,045 | €20,457 | +€7,412 | +56.8% |
| Financial income | 75/76B | €88 | €50 | -€38 | -43.2% |
| Recurring financial income | 75 | €88 | €50 | -€38 | -43.2% |
| Financial charges | 65/66B | €10,865 | €8,799 | -€2,066 | -19.0% |
| Recurring financial charges | 65 | €10,865 | €8,799 | -€2,066 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €2,268 | €11,709 | +€9,440 | +416% |
| Transfer from deferred taxes | 780 | €2,900 | €2,900 | = | 0.0% |
| Income taxes | 67/77 | €1,157 | €1,117 | -€40 | -3.4% |
| Profit (loss) for the period | 9904 | €4,012 | €13,492 | +€9,480 | +236% |
| Transfer from tax-exempt reserves | 789 | €5,889 | €5,889 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,901 | €19,381 | +€9,480 | +95.8% |
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 17 October 2026 via checked.be.