CG FINANCE: what changed
CG FINANCE
Largest movements
- Tangible fixed assets -€11,552
down €11,552 (-23.5%), from €49,123 to €37,571
- Cash -€9,280
down €9,280 (-61.1%), from €15,184 to €5,904
mainly Net result for the year (-€29,209) and Deferred charges and accrued income (-€640)
- Receivables within one year -€7,005
down €7,005 (-17.1%), from €41,060 to €34,055
of which Trade receivables: -€7,418
- Profit (loss) carried forward -€29,209
down €29,209 (-31.3%), from -€93,174 to -€122,383
- Trade debts +€1,870
up €1,870 (+81.2%), from €2,304 to €4,175
- Gross operating margin -€27,114
down €27,114, from €8,761 to -€18,352
- Write-downs -€8,047
down €8,047 (-100%), from €8,047 to €0
- Depreciation +€1,074
up €1,074 (+10.2%), from €10,478 to €11,552
- Other operating charges -€515
down €515 (-47.8%), from €1,078 to €563
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 | €105,879 | €78,682 | -€27,198 | -25.7% |
| Fixed assets | 21/28 | €49,227 | €37,675 | -€11,552 | -23.5% |
| Tangible fixed assets | 22/27 | €49,123 | €37,571 | -€11,552 | -23.5% |
| Furniture and vehicles | 24 | €49,123 | €37,571 | -€11,552 | -23.5% |
| Financial fixed assets | 28 | €103 | €103 | = | 0.0% |
| Current assets | 29/58 | €56,653 | €41,007 | -€15,646 | -27.6% |
| Amounts receivable within one year | 40/41 | €41,060 | €34,055 | -€7,005 | -17.1% |
| Trade receivables | 40 | €7,418 | €0 | -€7,418 | -100% |
| Other amounts receivable | 41 | €33,642 | €34,055 | +€412 | +1.2% |
| Cash at bank and in hand | 54/58 | €15,184 | €5,904 | -€9,280 | -61.1% |
| Deferred charges and accrued income | 490/1 | €409 | €1,049 | +€640 | +156% |
| Total equity and liabilities | 10/49 | €105,879 | €78,682 | -€27,198 | -25.7% |
| Equity | 10/15 | -€78,914 | -€108,123 | -€29,209 | -37.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,174 | -€122,383 | -€29,209 | -31.3% |
| Amounts payable | 17/49 | €184,794 | €186,805 | +€2,011 | +1.1% |
| Amounts payable after more than one year | 17 | €62,000 | €62,000 | = | 0.0% |
| Financial debts | 170/4 | €62,000 | €62,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €122,371 | €124,382 | +€2,011 | +1.6% |
| Trade debts | 44 | €2,304 | €4,175 | +€1,870 | +81.2% |
| Suppliers | 440/4 | €2,304 | €4,175 | +€1,870 | +81.2% |
| Taxes, remuneration and social security | 45 | €103 | €244 | +€141 | +136% |
| Taxes | 450/3 | €103 | €244 | +€141 | +136% |
| Other amounts payable | 47/48 | €119,963 | €119,963 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €423 | €423 | = | 0.0% |
| Non-recurring operating income | 76A | - | €887 | +€887 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,478 | €11,552 | +€1,074 | +10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,047 | €0 | -€8,047 | -100% |
| Other operating charges | 640/8 | €1,078 | €563 | -€515 | -47.8% |
| Gross operating margin | 9900 | €8,761 | -€18,352 | -€27,114 | |
| Operating profit (loss) | 9901 | -€10,843 | -€30,468 | -€19,625 | -181% |
| Financial income | 75/76B | €1,766 | €1,802 | +€36 | +2.1% |
| Recurring financial income | 75 | €1,766 | €1,802 | +€36 | +2.1% |
| Financial charges | 65/66B | €362 | €402 | +€40 | +11.1% |
| Recurring financial charges | 65 | €362 | €402 | +€40 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,439 | -€29,068 | -€19,629 | -208% |
| Income taxes | 67/77 | €103 | €141 | +€38 | +36.4% |
| Profit (loss) for the period | 9904 | -€9,543 | -€29,209 | -€19,666 | -206% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,543 | -€29,209 | -€19,666 | -206% |
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 7 November 2026 via checked.be.