CG: what changed
CG
Largest movements
- Tangible fixed assets +€57,351
up €57,351 (+6,367%), from €901 to €58,252
of which Plant, machinery and equipment: +€56,529
- Stocks and contracts +€42,769
new in 2025: €42,769
- Receivables within one year +€26,331
up €26,331 (+3,657%), from €720 to €27,051
of which Trade receivables: +€16,291
- Other debts +€112,405
up €112,405 (+14,067%), from €799 to €113,204
- Profit (loss) carried forward +€11,075
up €11,075 (+1,446%), from €766 to €11,841
- Tax, wage and social debts +€2,296
up €2,296 (+1,037%), from €221 to €2,517
- Gross operating margin +€18,566
up €18,566, from -€141 to €18,425
- Depreciation +€4,247
up €4,247 (+1,642%), from €259 to €4,506
- Taxes +€1,932
up €1,932 (+872%), from €221 to €2,154
- Financial charges +€380
up €380 (+469%), from €81 to €460
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,834 | €136,227 | +€126,393 | +1,285% |
| Fixed assets | 21/28 | €901 | €58,252 | +€57,351 | +6,367% |
| Tangible fixed assets | 22/27 | €901 | €58,252 | +€57,351 | +6,367% |
| Plant, machinery and equipment | 23 | €901 | €57,430 | +€56,529 | +6,276% |
| Other tangible fixed assets | 26 | - | €822 | +€822 | |
| Current assets | 29/58 | €8,933 | €77,976 | +€69,043 | +773% |
| Stocks and contracts in progress | 3 | - | €42,769 | +€42,769 | |
| Stocks | 30/36 | - | €42,769 | +€42,769 | |
| Amounts receivable within one year | 40/41 | €720 | €27,051 | +€26,331 | +3,657% |
| Trade receivables | 40 | €94 | €16,385 | +€16,291 | +17,252% |
| Other amounts receivable | 41 | €626 | €10,665 | +€10,040 | +1,605% |
| Cash at bank and in hand | 54/58 | €8,213 | €8,157 | -€57 | -0.7% |
| Total equity and liabilities | 10/49 | €9,834 | €136,227 | +€126,393 | +1,285% |
| Equity | 10/15 | €8,266 | €19,341 | +€11,075 | +134% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €766 | €11,841 | +€11,075 | +1,446% |
| Amounts payable | 17/49 | €1,568 | €116,886 | +€115,318 | +7,353% |
| Amounts payable within one year | 42/48 | €1,568 | €116,886 | +€115,318 | +7,353% |
| Trade debts | 44 | €548 | €1,165 | +€617 | +113% |
| Suppliers | 440/4 | €548 | €1,165 | +€617 | +113% |
| Taxes, remuneration and social security | 45 | €221 | €2,517 | +€2,296 | +1,037% |
| Taxes | 450/3 | €221 | €2,517 | +€2,296 | +1,037% |
| Other amounts payable | 47/48 | €799 | €113,204 | +€112,405 | +14,067% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259 | €4,506 | +€4,247 | +1,642% |
| Other operating charges | 640/8 | €195 | €305 | +€110 | +56.2% |
| Gross operating margin | 9900 | -€141 | €18,425 | +€18,566 | |
| Operating profit (loss) | 9901 | -€594 | €13,614 | +€14,209 | |
| Financial income | 75/76B | - | €75 | +€75 | |
| Recurring financial income | 75 | - | €75 | +€75 | |
| Financial charges | 65/66B | €81 | €460 | +€380 | +469% |
| Recurring financial charges | 65 | €81 | €460 | +€380 | +469% |
| Profit (loss) for the period before taxes | 9903 | -€675 | €13,229 | +€13,904 | |
| Income taxes | 67/77 | €221 | €2,154 | +€1,932 | +872% |
| Profit (loss) for the period | 9904 | -€897 | €11,075 | +€11,972 | |
| Profit (loss) for the period to be appropriated | 9905 | -€897 | €11,075 | +€11,972 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.