CG-ESTIMATING: 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.
CG-ESTIMATING
Largest movements
- Cash +€66,716
up €66,716 (+709.2%), from €9,408 to €76,123
mainly Net result for the year (+€45,605) and Tax, wage and social debts (+€22,636)
- Reserves +€44,600
new in 2025: €44,600
- Tax, wage and social debts +€22,636
up €22,636 (+166.8%), from €13,574 to €36,210
- Gross operating margin +€42,883
up €42,883 (+157.3%), from €27,262 to €70,145
- Taxes +€10,704
up €10,704 (+121.0%), from €8,848 to €19,552
- Other operating charges +€941
up €941 (+56.9%), from €1,655 to €2,596
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 | €36,063 | €103,904 | +€67,842 | +188.1% |
| Fixed assets | 21/28 | €2,239 | €1,907 | -€333 | -14.9% |
| Tangible fixed assets | 22/27 | €2,239 | €1,907 | -€333 | -14.9% |
| Furniture and vehicles | 24 | €211 | €100 | -€111 | -52.7% |
| Other tangible fixed assets | 26 | €2,028 | €1,807 | -€221 | -10.9% |
| Current assets | 29/58 | €33,824 | €101,998 | +€68,174 | +201.6% |
| Amounts receivable within one year | 40/41 | €24,250 | €24,916 | +€666 | +2.7% |
| Trade receivables | 40 | €20,527 | €15,939 | -€4,588 | -22.4% |
| Other amounts receivable | 41 | €3,723 | €8,977 | +€5,254 | +141.1% |
| Cash at bank and in hand | 54/58 | €9,408 | €76,123 | +€66,716 | +709.2% |
| Deferred charges and accrued income | 490/1 | €166 | €959 | +€792 | +476.3% |
| Total equity and liabilities | 10/49 | €36,063 | €103,904 | +€67,842 | +188.1% |
| Equity | 10/15 | €20,865 | €65,570 | +€44,705 | +214.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €44,600 | +€44,600 | |
| Distributable reserves | 133 | - | €44,600 | +€44,600 | |
| Profit (loss) carried forward | 14 | €15,865 | €15,970 | +€105 | +0.7% |
| Amounts payable | 17/49 | €15,198 | €38,335 | +€23,136 | +152.2% |
| Amounts payable within one year | 42/48 | €15,198 | €38,335 | +€23,136 | +152.2% |
| Trade debts | 44 | €765 | €1,225 | +€459 | +60.0% |
| Suppliers | 440/4 | €765 | €1,225 | +€459 | +60.0% |
| Taxes, remuneration and social security | 45 | €13,574 | €36,210 | +€22,636 | +166.8% |
| Taxes | 450/3 | €13,574 | €36,210 | +€22,636 | +166.8% |
| Other amounts payable | 47/48 | €859 | €900 | +€41 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €298 | €333 | +€35 | +11.8% |
| Other operating charges | 640/8 | €1,655 | €2,596 | +€941 | +56.9% |
| Gross operating margin | 9900 | €27,262 | €70,145 | +€42,883 | +157.3% |
| Operating profit (loss) | 9901 | €25,310 | €67,217 | +€41,907 | +165.6% |
| Financial income | 75/76B | - | €261 | +€261 | |
| Recurring financial income | 75 | - | €261 | +€261 | |
| Financial charges | 65/66B | €1,954 | €2,320 | +€366 | +18.8% |
| Recurring financial charges | 65 | €1,954 | €2,320 | +€366 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €23,356 | €65,157 | +€41,801 | +179.0% |
| Income taxes | 67/77 | €8,848 | €19,552 | +€10,704 | +121.0% |
| Profit (loss) for the period | 9904 | €14,508 | €45,605 | +€31,097 | +214.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,508 | €45,605 | +€31,097 | +214.3% |
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.