CEGI: 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.
CEGI
Largest movements
- Receivables within one year -€972
down €972 (-89.3%), from €1,089 to €117
- Cash +€145
new in 2025: €145
mainly Other debts (+€4,541) and Net result for the year (+€1,136)
- Tangible fixed assets -€119
down €119 (-46.3%), from €257 to €138
- Current investments -€97
no longer reported in 2025 (was €97)
- Debts after one year -€6,000
down €6,000 (-70.6%), from €8,500 to €2,500
- Other debts +€4,541
up €4,541 (+28.8%), from €15,743 to €20,284
- Profit (loss) carried forward +€1,136
up €1,136 (+1.0%), from -€114,119 to -€112,983
- Short-term financial debts -€972
no longer reported in 2025 (was €972)
- Tax, wage and social debts +€244
up €244 (+49.4%), from €494 to €738
- Taxes +€456
new in 2025: €456
- Gross operating margin +€275
up €275 (+11.1%), from €2,470 to €2,745
- Financial charges -€266
down €266 (-20.5%), from €1,300 to €1,034
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 | €1,865 | €828 | -€1,037 | -55.6% |
| Fixed assets | 21/28 | €587 | €468 | -€119 | -20.3% |
| Tangible fixed assets | 22/27 | €257 | €138 | -€119 | -46.3% |
| Furniture and vehicles | 24 | €257 | €138 | -€119 | -46.3% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €1,278 | €360 | -€918 | -71.8% |
| Amounts receivable within one year | 40/41 | €1,089 | €117 | -€972 | -89.3% |
| Trade receivables | 40 | €1,089 | €117 | -€972 | -89.3% |
| Current investments | 50/53 | €97 | - | -€97 | |
| Cash at bank and in hand | 54/58 | - | €145 | +€145 | |
| Deferred charges and accrued income | 490/1 | €92 | €98 | +€6 | +6.5% |
| Total equity and liabilities | 10/49 | €1,865 | €828 | -€1,037 | -55.6% |
| Equity | 10/15 | -€29,856 | -€28,720 | +€1,136 | +3.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €65,671 | €65,671 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,812 | €63,812 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,119 | -€112,983 | +€1,136 | +1.0% |
| Amounts payable | 17/49 | €31,721 | €29,548 | -€2,173 | -6.9% |
| Amounts payable after more than one year | 17 | €8,500 | €2,500 | -€6,000 | -70.6% |
| Financial debts | 170/4 | €8,500 | €2,500 | -€6,000 | -70.6% |
| Amounts payable within one year | 42/48 | €23,209 | €27,035 | +€3,826 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €6,000 | = | 0.0% |
| Financial debts | 43 | €972 | - | -€972 | |
| Other loans | 439 | €972 | - | -€972 | |
| Trade debts | 44 | - | €13 | +€13 | |
| Suppliers | 440/4 | - | €13 | +€13 | |
| Taxes, remuneration and social security | 45 | €494 | €738 | +€244 | +49.4% |
| Taxes | 450/3 | €494 | €738 | +€244 | +49.4% |
| Other amounts payable | 47/48 | €15,743 | €20,284 | +€4,541 | +28.8% |
| Accrued charges and deferred income | 492/3 | €12 | €13 | +€1 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99 | €119 | +€20 | +20.2% |
| Gross operating margin | 9900 | €2,470 | €2,745 | +€275 | +11.1% |
| Operating profit (loss) | 9901 | €2,371 | €2,626 | +€255 | +10.8% |
| Financial charges | 65/66B | €1,300 | €1,034 | -€266 | -20.5% |
| Recurring financial charges | 65 | €1,300 | €1,034 | -€266 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €1,071 | €1,592 | +€521 | +48.6% |
| Income taxes | 67/77 | - | €456 | +€456 | |
| Profit (loss) for the period | 9904 | €1,071 | €1,136 | +€65 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,071 | €1,136 | +€65 | +6.1% |
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 1 October 2026 via checked.be.