CFGR: 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.
CFGR
Largest movements
- Receivables within one year +€44,640
up €44,640 (+960.9%), from €4,646 to €49,286
of which Trade receivables: +€48,000
- Cash -€6,796
down €6,796 (-82.4%), from €8,250 to €1,455
mainly Receivables within one year (-€44,640) and Debts after one year (-€39,305)
- Trade debts +€39,924
up €39,924 (+10307.1%), from €387 to €40,311
- Debts after one year -€39,305
down €39,305 (-24.3%), from €162,039 to €122,734
- Reserves +€33,779
up €33,779 (+2725.2%), from €1,239 to €35,018
- Gross operating margin -€4,682
down €4,682 (-9.7%), from €48,131 to €43,449
- Taxes +€3,378
new in 2025: €3,378
- Financial charges -€1,792
down €1,792 (-23.0%), from €7,774 to €5,982
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 | €287,896 | €325,740 | +€37,844 | +13.1% |
| Fixed assets | 21/28 | €275,000 | €275,000 | = | 0.0% |
| Financial fixed assets | 28 | €275,000 | €275,000 | = | 0.0% |
| Current assets | 29/58 | €12,896 | €50,740 | +€37,844 | +293.5% |
| Amounts receivable within one year | 40/41 | €4,646 | €49,286 | +€44,640 | +960.9% |
| Trade receivables | 40 | - | €48,000 | +€48,000 | |
| Other amounts receivable | 41 | €4,646 | €1,286 | -€3,360 | -72.3% |
| Cash at bank and in hand | 54/58 | €8,250 | €1,455 | -€6,796 | -82.4% |
| Total equity and liabilities | 10/49 | €287,896 | €325,740 | +€37,844 | +13.1% |
| Equity | 10/15 | €83,234 | €117,012 | +€33,779 | +40.6% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €1,239 | €35,018 | +€33,779 | +2725.2% |
| Distributable reserves | 133 | €1,239 | €35,018 | +€33,779 | +2725.2% |
| Profit (loss) carried forward | 14 | €69,600 | €69,600 | = | 0.0% |
| Amounts payable | 17/49 | €204,662 | €208,728 | +€4,066 | +2.0% |
| Amounts payable after more than one year | 17 | €162,039 | €122,734 | -€39,305 | -24.3% |
| Financial debts | 170/4 | €162,039 | €122,734 | -€39,305 | -24.3% |
| Amounts payable within one year | 42/48 | €42,025 | €85,994 | +€43,968 | +104.6% |
| Current portion of amounts payable after more than one year | 42 | €37,966 | €39,305 | +€1,339 | +3.5% |
| Trade debts | 44 | €387 | €40,311 | +€39,924 | +10307.1% |
| Suppliers | 440/4 | €387 | €40,311 | +€39,924 | +10307.1% |
| Taxes, remuneration and social security | 45 | €3,672 | €6,378 | +€2,706 | +73.7% |
| Taxes | 450/3 | €672 | €3,378 | +€2,706 | +402.8% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €598 | - | -€598 | |
| Other operating charges | 640/8 | €588 | €311 | -€277 | -47.1% |
| Gross operating margin | 9900 | €48,131 | €43,449 | -€4,682 | -9.7% |
| Operating profit (loss) | 9901 | €47,543 | €43,138 | -€4,405 | -9.3% |
| Financial charges | 65/66B | €7,774 | €5,982 | -€1,792 | -23.0% |
| Recurring financial charges | 65 | €7,774 | €5,982 | -€1,792 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €39,769 | €37,156 | -€2,613 | -6.6% |
| Income taxes | 67/77 | - | €3,378 | +€3,378 | |
| Profit (loss) for the period | 9904 | €39,769 | €33,779 | -€5,991 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,769 | €33,779 | -€5,991 | -15.1% |
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 10 October 2026 via checked.be.