CG PAINT: 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 PAINT
Largest movements
- Tangible fixed assets +€36,279
up €36,279 (+877%), from €4,138 to €40,417
of which Furniture and vehicles: +€36,859
- Cash -€9,956
down €9,956 (-79.8%), from €12,476 to €2,520
mainly Investment in fixed assets (net) (-€43,228) and Net result for the year (-€3,462)
- Receivables within one year -€813
down €813 (-11.9%), from €6,837 to €6,024
of which Other amounts receivable: -€2,849
- Formation expenses -€802
no longer reported in 2025 (was €802)
- Trade debts +€13,003
up €13,003 (+614%), from €2,119 to €15,122
- Other debts +€12,030
new in 2025: €12,030
- Profit (loss) carried forward -€3,462
down €3,462 (-20.1%), from €17,238 to €13,776
- Short-term financial debts +€3,153
new in 2025: €3,153
- Gross operating margin -€8,812
down €8,812 (-40.3%), from €21,841 to €13,028
- Depreciation +€5,483
up €5,483 (+242%), from €2,267 to €7,751
- Taxes +€4,957
new in 2025: €4,957
- Other operating charges +€2,077
up €2,077 (+185%), from €1,122 to €3,199
- Staff costs +€394
new in 2025: €394
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.
Derived cash bridge
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 | €24,252 | €48,960 | +€24,708 | +102% |
| Formation expenses | 20 | €802 | - | -€802 | |
| Fixed assets | 21/28 | €4,138 | €40,417 | +€36,279 | +877% |
| Tangible fixed assets | 22/27 | €4,138 | €40,417 | +€36,279 | +877% |
| Plant, machinery and equipment | 23 | €1,933 | €1,353 | -€580 | -30.0% |
| Furniture and vehicles | 24 | €2,205 | €39,064 | +€36,859 | +1,672% |
| Current assets | 29/58 | €19,313 | €8,544 | -€10,769 | -55.8% |
| Amounts receivable within one year | 40/41 | €6,837 | €6,024 | -€813 | -11.9% |
| Trade receivables | 40 | €3,988 | €6,024 | +€2,036 | +51.0% |
| Other amounts receivable | 41 | €2,849 | - | -€2,849 | |
| Cash at bank and in hand | 54/58 | €12,476 | €2,520 | -€9,956 | -79.8% |
| Total equity and liabilities | 10/49 | €24,252 | €48,960 | +€24,708 | +102% |
| Equity | 10/15 | €19,146 | €15,684 | -€3,462 | -18.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €907 | €907 | = | 0.0% |
| Distributable reserves | 133 | €907 | €907 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,238 | €13,776 | -€3,462 | -20.1% |
| Amounts payable | 17/49 | €5,107 | €33,277 | +€28,170 | +552% |
| Amounts payable within one year | 42/48 | €5,107 | €33,277 | +€28,170 | +552% |
| Financial debts | 43 | - | €3,153 | +€3,153 | |
| Credit institutions | 430/8 | - | €3,153 | +€3,153 | |
| Trade debts | 44 | €2,119 | €15,122 | +€13,003 | +614% |
| Suppliers | 440/4 | €2,119 | €15,122 | +€13,003 | +614% |
| Taxes, remuneration and social security | 45 | €2,988 | €2,972 | -€15 | -0.5% |
| Taxes | 450/3 | €2,988 | €2,972 | -€15 | -0.5% |
| Other amounts payable | 47/48 | - | €12,030 | +€12,030 | |
| Remuneration, social security and pensions | 62 | - | €394 | +€394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,267 | €7,751 | +€5,483 | +242% |
| Other operating charges | 640/8 | €1,122 | €3,199 | +€2,077 | +185% |
| Gross operating margin | 9900 | €21,841 | €13,028 | -€8,812 | -40.3% |
| Operating profit (loss) | 9901 | €18,452 | €1,685 | -€16,767 | -90.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €306 | €191 | -€115 | -37.4% |
| Recurring financial charges | 65 | €306 | €191 | -€115 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €18,146 | €1,495 | -€16,651 | -91.8% |
| Income taxes | 67/77 | - | €4,957 | +€4,957 | |
| Profit (loss) for the period | 9904 | €18,146 | -€3,462 | -€21,608 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,146 | -€3,462 | -€21,608 |
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 15 October 2026 via checked.be.