CG PROGRESS: 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 PROGRESS
Largest movements
- Tangible fixed assets +€373,799
up €373,799 (+22.8%), from €1.6m to €2.0m
of which Land and buildings: +€364,363
- Receivables within one year +€66,518
up €66,518 (+167%), from €39,740 to €106,258
of which Other amounts receivable: +€44,277
- Debts after one year +€338,181
up €338,181 (+25.7%), from €1.3m to €1.7m
- Trade debts +€44,983
up €44,983 (+110%), from €41,000 to €85,983
- Other debts +€25,115
up €25,115 (+9.5%), from €265,006 to €290,121
- Other operating charges -€15,968
down €15,968 (-23.7%), from €67,264 to €51,296
- Gross operating margin -€8,992
down €8,992 (-3.8%), from €235,240 to €226,248
- Financial charges +€2,414
up €2,414 (+4.8%), from €49,964 to €52,378
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 | €1,713,715 | €2,146,316 | +€432,601 | +25.2% |
| Fixed assets | 21/28 | €1,643,035 | €2,016,834 | +€373,799 | +22.8% |
| Tangible fixed assets | 22/27 | €1,643,035 | €2,016,834 | +€373,799 | +22.8% |
| Land and buildings | 22 | €1,629,254 | €1,993,617 | +€364,363 | +22.4% |
| Plant, machinery and equipment | 23 | €13,781 | €21,370 | +€7,589 | +55.1% |
| Furniture and vehicles | 24 | - | €1,847 | +€1,847 | |
| Current assets | 29/58 | €70,680 | €129,482 | +€58,802 | +83.2% |
| Amounts receivable within one year | 40/41 | €39,740 | €106,258 | +€66,518 | +167% |
| Trade receivables | 40 | €1,450 | €23,691 | +€22,241 | +1,534% |
| Other amounts receivable | 41 | €38,290 | €82,567 | +€44,277 | +116% |
| Cash at bank and in hand | 54/58 | €3,928 | €13,366 | +€9,438 | +240% |
| Deferred charges and accrued income | 490/1 | €27,012 | €9,858 | -€17,154 | -63.5% |
| Total equity and liabilities | 10/49 | €1,713,715 | €2,146,316 | +€432,601 | +25.2% |
| Equity | 10/15 | €9,562 | €12,937 | +€3,375 | +35.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €7,000 | +€3,000 | +75.0% |
| Distributable reserves | 133 | €4,000 | €7,000 | +€3,000 | +75.0% |
| Profit (loss) carried forward | 14 | €562 | €937 | +€375 | +66.7% |
| Amounts payable | 17/49 | €1,704,153 | €2,133,379 | +€429,226 | +25.2% |
| Amounts payable after more than one year | 17 | €1,316,710 | €1,654,891 | +€338,181 | +25.7% |
| Financial debts | 170/4 | €1,316,710 | €1,654,891 | +€338,181 | +25.7% |
| Amounts payable within one year | 42/48 | €386,373 | €477,488 | +€91,115 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €69,030 | €85,495 | +€16,465 | +23.9% |
| Trade debts | 44 | €41,000 | €85,983 | +€44,983 | +110% |
| Suppliers | 440/4 | €41,000 | €85,983 | +€44,983 | +110% |
| Taxes, remuneration and social security | 45 | €11,337 | €15,889 | +€4,552 | +40.2% |
| Taxes | 450/3 | €11,337 | €15,889 | +€4,552 | +40.2% |
| Other amounts payable | 47/48 | €265,006 | €290,121 | +€25,115 | +9.5% |
| Accrued charges and deferred income | 492/3 | €1,070 | €1,000 | -€70 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,212 | €116,793 | +€1,581 | +1.4% |
| Other operating charges | 640/8 | €67,264 | €51,296 | -€15,968 | -23.7% |
| Gross operating margin | 9900 | €235,240 | €226,248 | -€8,992 | -3.8% |
| Operating profit (loss) | 9901 | €52,764 | €58,159 | +€5,395 | +10.2% |
| Financial charges | 65/66B | €49,964 | €52,378 | +€2,414 | +4.8% |
| Recurring financial charges | 65 | €49,964 | €52,378 | +€2,414 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €2,800 | €5,781 | +€2,981 | +106% |
| Income taxes | 67/77 | €2,687 | €2,406 | -€281 | -10.5% |
| Profit (loss) for the period | 9904 | €113 | €3,375 | +€3,262 | +2,887% |
| Profit (loss) for the period to be appropriated | 9905 | €113 | €3,375 | +€3,262 | +2,887% |
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 13 October 2026 via checked.be.