CG Projects: what changed
CG Projects
Largest movements
- Cash +€19,214
up €19,214 (+1,028%), from €1,868 to €21,082
mainly Net result for the year (+€24,596) and Depreciation (+€8,866)
- Receivables within one year +€5,544
up €5,544 (+20.7%), from €26,846 to €32,390
of which Other amounts receivable: +€5,302
- Tangible fixed assets +€2,234
up €2,234 (+18.6%), from €12,028 to €14,261
of which Furniture and vehicles: +€6,979
- Profit (loss) carried forward +€24,596
up €24,596 (+186%), from €13,228 to €37,824
- Tax, wage and social debts +€6,584
up €6,584 (+83.2%), from €7,910 to €14,494
- Current portion of long-term debt -€5,261
down €5,261 (-83.2%), from €6,326 to €1,064
- Trade debts +€1,668
up €1,668 (+16.7%), from €10,007 to €11,676
- Debts after one year -€1,064
down €1,064 (-100%), from €1,064 to €0
- Gross operating margin -€9,056
down €9,056 (-16.9%), from €53,482 to €44,426
- Financial charges +€3,904
up €3,904 (+1,140%), from €342 to €4,247
of which Financial charges: +€3,904
- Depreciation +€2,468
up €2,468 (+38.6%), from €6,399 to €8,866
- Taxes -€1,385
down €1,385 (-17.5%), from €7,910 to €6,526
- Financial income +€594
up €594 (+133%), from €446 to €1,040
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 | €42,536 | €69,058 | +€26,523 | +62.4% |
| Fixed assets | 21/28 | €12,028 | €14,261 | +€2,234 | +18.6% |
| Tangible fixed assets | 22/27 | €12,028 | €14,261 | +€2,234 | +18.6% |
| Land and buildings | 22 | €2,841 | €2,625 | -€215 | -7.6% |
| Plant, machinery and equipment | 23 | €7,099 | €2,569 | -€4,530 | -63.8% |
| Furniture and vehicles | 24 | €2,088 | €9,068 | +€6,979 | +334% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €30,508 | €54,797 | +€24,289 | +79.6% |
| Amounts receivable within one year | 40/41 | €26,846 | €32,390 | +€5,544 | +20.7% |
| Trade receivables | 40 | €10,845 | €11,086 | +€242 | +2.2% |
| Other amounts receivable | 41 | €16,002 | €21,304 | +€5,302 | +33.1% |
| Cash at bank and in hand | 54/58 | €1,868 | €21,082 | +€19,214 | +1,028% |
| Deferred charges and accrued income | 490/1 | €1,793 | €1,324 | -€469 | -26.2% |
| Total equity and liabilities | 10/49 | €42,536 | €69,058 | +€26,523 | +62.4% |
| Equity | 10/15 | €16,228 | €40,824 | +€24,596 | +152% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,228 | €37,824 | +€24,596 | +186% |
| Amounts payable | 17/49 | €26,308 | €28,234 | +€1,926 | +7.3% |
| Amounts payable after more than one year | 17 | €1,064 | €0 | -€1,064 | -100% |
| Financial debts | 170/4 | €1,064 | €0 | -€1,064 | -100% |
| Amounts payable within one year | 42/48 | €25,243 | €28,234 | +€2,991 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €6,326 | €1,064 | -€5,261 | -83.2% |
| Trade debts | 44 | €10,007 | €11,676 | +€1,668 | +16.7% |
| Suppliers | 440/4 | €10,007 | €11,676 | +€1,668 | +16.7% |
| Taxes, remuneration and social security | 45 | €7,910 | €14,494 | +€6,584 | +83.2% |
| Taxes | 450/3 | €7,910 | €14,494 | +€6,584 | +83.2% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €12,800 | +€12,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,399 | €8,866 | +€2,468 | +38.6% |
| Other operating charges | 640/8 | €997 | €1,231 | +€234 | +23.4% |
| Non-recurring operating charges | 66A | €3,122 | €0 | -€3,122 | -100% |
| Gross operating margin | 9900 | €53,482 | €44,426 | -€9,056 | -16.9% |
| Operating profit (loss) | 9901 | €42,964 | €34,329 | -€8,635 | -20.1% |
| Financial income | 75/76B | €446 | €1,040 | +€594 | +133% |
| Recurring financial income | 75 | €446 | €1,040 | +€594 | +133% |
| Financial charges | 65/66B | €342 | €4,247 | +€3,904 | +1,140% |
| Recurring financial charges | 65 | €342 | €4,247 | +€3,904 | +1,141% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €43,068 | €31,122 | -€11,945 | -27.7% |
| Income taxes | 67/77 | €7,910 | €6,526 | -€1,385 | -17.5% |
| Profit (loss) for the period | 9904 | €35,157 | €24,596 | -€10,561 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,157 | €24,596 | -€10,561 | -30.0% |
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 5 November 2026 via checked.be.