CBG INVEST: 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.
CBG INVEST
Largest movements
- Receivables within one year -€1.3m
no longer reported in 2025 (was €1.3m)
- Financial fixed assets -€696,603
down €696,603 (-56.7%), from €1.2m to €532,258
of which Affiliated companies: -€1.2m
- Other debts -€1.6m
down €1.6m (-62.8%), from €2.5m to €936,473
- Profit (loss) carried forward -€377,473
down €377,473 (-574%), from -€65,780 to -€443,253
- Financial charges +€346,892
up €346,892 (+733%), from €47,342 to €394,234
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 | €2,515,649 | €555,344 | -€2.0m | -77.9% |
| Formation expenses | 20 | €634 | €199 | -€436 | -68.7% |
| Fixed assets | 21/28 | €1,228,861 | €532,258 | -€696,603 | -56.7% |
| Financial fixed assets | 28 | €1,228,861 | €532,258 | -€696,603 | -56.7% |
| Affiliated companies | 280/1 | €1,228,861 | - | -€1.2m | |
| Participating interests | 280 | €1,228,861 | - | -€1.2m | |
| Companies linked by participating interests | 282/3 | - | €532,258 | +€532,258 | |
| Participating interests | 282 | - | €532,258 | +€532,258 | |
| Current assets | 29/58 | €1,286,154 | €22,887 | -€1.3m | -98.2% |
| Amounts receivable within one year | 40/41 | €1,285,875 | - | -€1.3m | |
| Other amounts receivable | 41 | €1,285,875 | - | -€1.3m | |
| Cash at bank and in hand | 54/58 | €279 | €22,887 | +€22,609 | +8,110% |
| Total equity and liabilities | 10/49 | €2,515,649 | €555,344 | -€2.0m | -77.9% |
| Equity | 10/15 | -€4,280 | -€381,753 | -€377,473 | -8,819% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,780 | -€443,253 | -€377,473 | -574% |
| Amounts payable | 17/49 | €2,519,930 | €937,097 | -€1.6m | -62.8% |
| Amounts payable within one year | 42/48 | €2,519,930 | €937,097 | -€1.6m | -62.8% |
| Trade debts | 44 | €1,317 | €624 | -€693 | -52.6% |
| Suppliers | 440/4 | €1,317 | €624 | -€693 | -52.6% |
| Other amounts payable | 47/48 | €2,518,613 | €936,473 | -€1.6m | -62.8% |
| Operating charges | 60/66A | €5,099 | €6,772 | +€1,673 | +32.8% |
| Services and other goods | 61 | €3,335 | €4,966 | +€1,631 | +48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436 | €436 | = | 0.0% |
| Other operating charges | 640/8 | €1,328 | €1,371 | +€42 | +3.2% |
| Operating profit (loss) | 9901 | -€5,099 | -€6,772 | -€1,673 | -32.8% |
| Financial income | 75/76B | €25,281 | €23,533 | -€1,748 | -6.9% |
| Recurring financial income | 75 | €25,281 | €23,533 | -€1,748 | -6.9% |
| Income from current assets | 751 | €25,281 | €23,533 | -€1,748 | -6.9% |
| Financial charges | 65/66B | €47,342 | €394,234 | +€346,892 | +733% |
| Recurring financial charges | 65 | €47,342 | €394,234 | +€346,892 | +733% |
| Debt charges | 650 | €47,342 | €42,975 | -€4,367 | -9.2% |
| Other financial charges | 652/9 | - | €351,259 | +€351,259 | |
| Profit (loss) for the period before taxes | 9903 | -€27,160 | -€377,473 | -€350,313 | -1,290% |
| Profit (loss) for the period | 9904 | -€27,160 | -€377,473 | -€350,313 | -1,290% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,160 | -€377,473 | -€350,313 | -1,290% |
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 26 October 2026 via checked.be.