CeGiCo: 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.
CeGiCo
Largest movements
- Cash -€71,186
down €71,186 (-52.6%), from €135,463 to €64,277
mainly Contributions, distributions and other (-€201,067) and Receivables within one year (-€7,643)
- Receivables within one year +€7,643
up €7,643 (+67.0%), from €11,415 to €19,057
of which Trade receivables: +€5,574
- Reserves -€134,361
down €134,361 (-100%), from €134,361 to €0
- Other debts +€69,626
up €69,626 (+2,339%), from €2,977 to €72,603
- Tax, wage and social debts +€2,314
up €2,314 (+27.5%), from €8,416 to €10,729
- Gross operating margin -€9,950
down €9,950 (-10.1%), from €98,180 to €88,230
- Taxes -€3,260
down €3,260 (-15.4%), from €21,191 to €17,931
- Financial charges +€1,052
up €1,052 (+433%), from €243 to €1,295
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 | €151,044 | €87,229 | -€63,816 | -42.2% |
| Fixed assets | 21/28 | €4,166 | €2,734 | -€1,433 | -34.4% |
| Tangible fixed assets | 22/27 | €4,166 | €2,734 | -€1,433 | -34.4% |
| Furniture and vehicles | 24 | €3,049 | €1,782 | -€1,267 | -41.6% |
| Other tangible fixed assets | 26 | €1,117 | €952 | -€165 | -14.8% |
| Current assets | 29/58 | €146,878 | €84,495 | -€62,383 | -42.5% |
| Amounts receivable within one year | 40/41 | €11,415 | €19,057 | +€7,643 | +67.0% |
| Trade receivables | 40 | €11,415 | €16,988 | +€5,574 | +48.8% |
| Other amounts receivable | 41 | - | €2,069 | +€2,069 | |
| Cash at bank and in hand | 54/58 | €135,463 | €64,277 | -€71,186 | -52.6% |
| Deferred charges and accrued income | 490/1 | - | €1,161 | +€1,161 | |
| Total equity and liabilities | 10/49 | €151,044 | €87,229 | -€63,816 | -42.2% |
| Equity | 10/15 | €135,861 | €1,500 | -€134,361 | -98.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €134,361 | €0 | -€134,361 | -100% |
| Distributable reserves | 133 | €134,361 | €0 | -€134,361 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €15,183 | €85,729 | +€70,546 | +465% |
| Amounts payable within one year | 42/48 | €15,183 | €85,729 | +€70,546 | +465% |
| Trade debts | 44 | €3,789 | €2,396 | -€1,394 | -36.8% |
| Suppliers | 440/4 | €3,789 | €2,396 | -€1,394 | -36.8% |
| Taxes, remuneration and social security | 45 | €8,416 | €10,729 | +€2,314 | +27.5% |
| Taxes | 450/3 | €8,416 | €10,729 | +€2,314 | +27.5% |
| Other amounts payable | 47/48 | €2,977 | €72,603 | +€69,626 | +2,339% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829 | €1,433 | +€603 | +72.7% |
| Other operating charges | 640/8 | €118 | €866 | +€748 | +634% |
| Non-recurring operating charges | 66A | €186 | €0 | -€186 | -100% |
| Gross operating margin | 9900 | €98,180 | €88,230 | -€9,950 | -10.1% |
| Operating profit (loss) | 9901 | €97,046 | €85,931 | -€11,115 | -11.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €243 | €1,295 | +€1,052 | +433% |
| Recurring financial charges | 65 | €243 | €1,295 | +€1,052 | +433% |
| Profit (loss) for the period before taxes | 9903 | €96,805 | €84,636 | -€12,168 | -12.6% |
| Income taxes | 67/77 | €21,191 | €17,931 | -€3,260 | -15.4% |
| Profit (loss) for the period | 9904 | €75,614 | €66,705 | -€8,909 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,614 | €66,705 | -€8,909 | -11.8% |
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 13 October 2026 via checked.be.