CG MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€83,560
down €83,560 (-10.4%), from €804,045 to €720,485
of which Land and buildings: -€74,457
- Cash -€54,720
down €54,720 (-54.3%), from €100,789 to €46,069
mainly Debts after one year (-€105,316) and Net result for the year (-€31,629)
- Debts after one year -€105,316
down €105,316 (-20.3%), from €519,466 to €414,150
- Profit (loss) carried forward -€31,629
down €31,629 (-30.5%), from €103,660 to €72,031
- Gross operating margin -€37,012
down €37,012 (-27.9%), from €132,830 to €95,817
- Depreciation -€9,247
down €9,247 (-8.4%), from €110,610 to €101,362
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 | €917,709 | €785,271 | -€132,438 | -14.4% |
| Fixed assets | 21/28 | €804,045 | €720,485 | -€83,560 | -10.4% |
| Tangible fixed assets | 22/27 | €804,045 | €720,485 | -€83,560 | -10.4% |
| Land and buildings | 22 | €763,301 | €688,844 | -€74,457 | -9.8% |
| Furniture and vehicles | 24 | €40,744 | €31,641 | -€9,103 | -22.3% |
| Current assets | 29/58 | €113,664 | €64,786 | -€48,878 | -43.0% |
| Amounts receivable within one year | 40/41 | €12,875 | €12,177 | -€698 | -5.4% |
| Trade receivables | 40 | €12,875 | €12,177 | -€698 | -5.4% |
| Cash at bank and in hand | 54/58 | €100,789 | €46,069 | -€54,720 | -54.3% |
| Deferred charges and accrued income | 490/1 | - | €6,540 | +€6,540 | |
| Total equity and liabilities | 10/49 | €917,709 | €785,271 | -€132,438 | -14.4% |
| Equity | 10/15 | €125,660 | €94,031 | -€31,629 | -25.2% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,660 | €72,031 | -€31,629 | -30.5% |
| Amounts payable | 17/49 | €792,049 | €691,240 | -€100,808 | -12.7% |
| Amounts payable after more than one year | 17 | €519,466 | €414,150 | -€105,316 | -20.3% |
| Financial debts | 170/4 | €519,466 | €414,150 | -€105,316 | -20.3% |
| Amounts payable within one year | 42/48 | €257,216 | €266,373 | +€9,157 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €102,852 | €105,316 | +€2,464 | +2.4% |
| Trade debts | 44 | €3,079 | €5,109 | +€2,031 | +66.0% |
| Suppliers | 440/4 | €3,079 | €5,109 | +€2,031 | +66.0% |
| Taxes, remuneration and social security | 45 | €9,201 | €10,328 | +€1,127 | +12.3% |
| Taxes | 450/3 | €4,201 | €5,328 | +€1,127 | +26.8% |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 47/48 | €142,085 | €145,620 | +€3,535 | +2.5% |
| Accrued charges and deferred income | 492/3 | €15,366 | €10,717 | -€4,650 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,610 | €101,362 | -€9,247 | -8.4% |
| Other operating charges | 640/8 | - | €634 | +€634 | |
| Gross operating margin | 9900 | €132,830 | €95,817 | -€37,012 | -27.9% |
| Operating profit (loss) | 9901 | €22,220 | -€6,179 | -€28,399 | |
| Financial charges | 65/66B | €25,803 | €25,250 | -€553 | -2.1% |
| Recurring financial charges | 65 | €25,803 | €25,250 | -€553 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,584 | -€31,429 | -€27,846 | -777.0% |
| Income taxes | 67/77 | - | €200 | +€200 | |
| Profit (loss) for the period | 9904 | -€3,584 | -€31,629 | -€28,046 | -782.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,584 | -€31,629 | -€28,046 | -782.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.