CBG: 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.
CBG
Largest movements
- Receivables within one year +€112,825
up €112,825 (+112.5%), from €100,300 to €213,125
of which Trade receivables: +€109,230
- Cash -€6,817
down €6,817 (-19.5%), from €34,937 to €28,120
mainly Receivables within one year (-€112,825) and Tax, wage and social debts (-€19,197)
- Tangible fixed assets -€5,986
down €5,986 (-21.0%), from €28,455 to €22,469
of which Furniture and vehicles: -€4,804
- Deferred charges and accrued income -€4,365
down €4,365 (-67.8%), from €6,439 to €2,074
- Trade debts +€85,833
up €85,833 (+95.4%), from €89,981 to €175,814
- Accrued charges and deferred income +€40,034
up €40,034 (+5759.6%), from €695 to €40,729
- Tax, wage and social debts -€19,197
down €19,197 (-91.7%), from €20,937 to €1,740
of which Remuneration and social security: -€11,047
- Other debts -€19,115
down €19,115 (-34.0%), from €56,203 to €37,088
- Profit (loss) carried forward +€8,103
up €8,103, from -€1,110 to €6,992
- Staff costs -€57,686
down €57,686 (-97.1%), from €59,391 to €1,705
- Gross operating margin -€6,034
down €6,034 (-15.2%), from €39,682 to €33,648
- Write-downs +€4,688
new in 2025: €4,688
- Depreciation +€4,361
up €4,361 (+72.4%), from €6,024 to €10,385
- Financial charges +€2,857
up €2,857 (+263.1%), from €1,086 to €3,943
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 | €170,694 | €266,351 | +€95,657 | +56.0% |
| Fixed assets | 21/28 | €29,018 | €23,032 | -€5,986 | -20.6% |
| Tangible fixed assets | 22/27 | €28,455 | €22,469 | -€5,986 | -21.0% |
| Plant, machinery and equipment | 23 | €6,190 | €5,007 | -€1,183 | -19.1% |
| Furniture and vehicles | 24 | €22,266 | €17,462 | -€4,804 | -21.6% |
| Financial fixed assets | 28 | €563 | €563 | = | 0.0% |
| Current assets | 29/58 | €141,676 | €243,319 | +€101,643 | +71.7% |
| Amounts receivable within one year | 40/41 | €100,300 | €213,125 | +€112,825 | +112.5% |
| Trade receivables | 40 | €83,903 | €193,133 | +€109,230 | +130.2% |
| Other amounts receivable | 41 | €16,397 | €19,992 | +€3,595 | +21.9% |
| Cash at bank and in hand | 54/58 | €34,937 | €28,120 | -€6,817 | -19.5% |
| Deferred charges and accrued income | 490/1 | €6,439 | €2,074 | -€4,365 | -67.8% |
| Total equity and liabilities | 10/49 | €170,694 | €266,351 | +€95,657 | +56.0% |
| Equity | 10/15 | €2,878 | €10,980 | +€8,103 | +281.6% |
| Contributions | 10/11 | €3,988 | €3,988 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,110 | €6,992 | +€8,103 | |
| Amounts payable | 17/49 | €167,816 | €255,370 | +€87,554 | +52.2% |
| Amounts payable within one year | 42/48 | €167,121 | €214,641 | +€47,520 | +28.4% |
| Trade debts | 44 | €89,981 | €175,814 | +€85,833 | +95.4% |
| Suppliers | 440/4 | €89,981 | €175,814 | +€85,833 | +95.4% |
| Taxes, remuneration and social security | 45 | €20,937 | €1,740 | -€19,197 | -91.7% |
| Taxes | 450/3 | €9,890 | €1,740 | -€8,150 | -82.4% |
| Remuneration and social security | 454/9 | €11,047 | - | -€11,047 | |
| Other amounts payable | 47/48 | €56,203 | €37,088 | -€19,115 | -34.0% |
| Accrued charges and deferred income | 492/3 | €695 | €40,729 | +€40,034 | +5759.6% |
| Remuneration, social security and pensions | 62 | €59,391 | €1,705 | -€57,686 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,024 | €10,385 | +€4,361 | +72.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,688 | +€4,688 | |
| Other operating charges | 640/8 | €2,390 | €3,477 | +€1,087 | +45.5% |
| Non-recurring operating charges | 66A | €152 | €1,039 | +€887 | +584.1% |
| Gross operating margin | 9900 | €39,682 | €33,648 | -€6,034 | -15.2% |
| Operating profit (loss) | 9901 | -€28,274 | €12,355 | +€40,629 | |
| Financial income | 75/76B | €34 | €10 | -€24 | -70.0% |
| Recurring financial income | 75 | €34 | €10 | -€24 | -70.0% |
| Financial charges | 65/66B | €1,086 | €3,943 | +€2,857 | +263.1% |
| Recurring financial charges | 65 | €1,086 | €3,943 | +€2,857 | +263.1% |
| Profit (loss) for the period before taxes | 9903 | -€29,326 | €8,423 | +€37,749 | |
| Income taxes | 67/77 | €8 | €320 | +€312 | +3973.9% |
| Profit (loss) for the period | 9904 | -€29,334 | €8,103 | +€37,436 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,334 | €8,103 | +€37,436 |
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 29 September 2026 via checked.be.