CG-HR: 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-HR
Largest movements
- Cash +€88,221
up €88,221 (+51.8%), from €170,399 to €258,620
mainly Net result for the year (+€105,678) and Trade debts (+€21,455)
- Tangible fixed assets -€8,264
down €8,264 (-40.0%), from €20,661 to €12,396
- Receivables within one year +€7,009
up €7,009 (+233.2%), from €3,005 to €10,014
of which Other amounts receivable: +€6,237
- Profit (loss) carried forward +€105,678
up €105,678 (+73.6%), from €143,498 to €249,176
- Tax, wage and social debts -€36,000
down €36,000 (-93.5%), from €38,500 to €2,500
- Trade debts +€21,455
up €21,455 (+12012.0%), from €179 to €21,633
- Short-term financial debts -€4,167
down €4,167 (-42.1%), from €9,888 to €5,722
- Gross operating margin +€38,968
up €38,968 (+34.8%), from €112,031 to €150,999
- Taxes +€15,799
up €15,799 (+79.0%), from €20,000 to €35,799
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 | €194,065 | €281,031 | +€86,966 | +44.8% |
| Fixed assets | 21/28 | €20,661 | €12,396 | -€8,264 | -40.0% |
| Tangible fixed assets | 22/27 | €20,661 | €12,396 | -€8,264 | -40.0% |
| Furniture and vehicles | 24 | €20,661 | €12,396 | -€8,264 | -40.0% |
| Current assets | 29/58 | €173,404 | €268,634 | +€95,230 | +54.9% |
| Amounts receivable within one year | 40/41 | €3,005 | €10,014 | +€7,009 | +233.2% |
| Trade receivables | 40 | €46 | €818 | +€772 | +1682.7% |
| Other amounts receivable | 41 | €2,960 | €9,196 | +€6,237 | +210.7% |
| Cash at bank and in hand | 54/58 | €170,399 | €258,620 | +€88,221 | +51.8% |
| Total equity and liabilities | 10/49 | €194,065 | €281,031 | +€86,966 | +44.8% |
| Equity | 10/15 | €145,498 | €251,176 | +€105,678 | +72.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,498 | €249,176 | +€105,678 | +73.6% |
| Amounts payable | 17/49 | €48,567 | €29,855 | -€18,712 | -38.5% |
| Amounts payable within one year | 42/48 | €48,567 | €29,855 | -€18,712 | -38.5% |
| Financial debts | 43 | €9,888 | €5,722 | -€4,167 | -42.1% |
| Credit institutions | 430/8 | €9,888 | €5,722 | -€4,167 | -42.1% |
| Trade debts | 44 | €179 | €21,633 | +€21,455 | +12012.0% |
| Suppliers | 440/4 | €179 | €21,633 | +€21,455 | +12012.0% |
| Taxes, remuneration and social security | 45 | €38,500 | €2,500 | -€36,000 | -93.5% |
| Taxes | 450/3 | €38,500 | €2,500 | -€36,000 | -93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,264 | €8,264 | = | 0.0% |
| Other operating charges | 640/8 | €986 | €1,087 | +€101 | +10.3% |
| Gross operating margin | 9900 | €112,031 | €150,999 | +€38,968 | +34.8% |
| Operating profit (loss) | 9901 | €102,781 | €141,647 | +€38,866 | +37.8% |
| Financial charges | 65/66B | €170 | €170 | +€0 | +0.2% |
| Recurring financial charges | 65 | €170 | €170 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €102,611 | €141,477 | +€38,866 | +37.9% |
| Income taxes | 67/77 | €20,000 | €35,799 | +€15,799 | +79.0% |
| Profit (loss) for the period | 9904 | €82,611 | €105,678 | +€23,067 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,611 | €105,678 | +€23,067 | +27.9% |
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 11 October 2026 via checked.be.