CG Projects: what changed
Two fiscal 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 Projects
Largest movements
- Stocks and contracts -€809,237
down €809,237 (-66.4%), from €1.2m to €409,235
- Cash +€577,234
up €577,234 (+8317.7%), from €6,940 to €584,173
mainly Stocks and contracts (+€809,237) and Net result for the year (+€233,829)
- Short-term financial debts -€400,000
no longer reported in 2025 (was €400,000)
- Profit (loss) carried forward +€233,829
up €233,829, from -€26,838 to €206,990
- Other debts -€90,135
down €90,135 (-13.6%), from €663,431 to €573,296
- Tax, wage and social debts +€25,712
new in 2025: €25,712
- Gross operating margin +€307,611
up €307,611, from -€4,400 to €303,210
- Taxes +€65,712
new in 2025: €65,712
- Financial charges -€17,195
down €17,195 (-85.2%), from €20,171 to €2,976
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 | €1,237,792 | €1,006,031 | -€231,761 | -18.7% |
| Fixed assets | 21/28 | €2,381 | €1,802 | -€578 | -24.3% |
| Tangible fixed assets | 22/27 | €2,381 | €1,802 | -€578 | -24.3% |
| Furniture and vehicles | 24 | €2,381 | €1,802 | -€578 | -24.3% |
| Current assets | 29/58 | €1,235,412 | €1,004,229 | -€231,183 | -18.7% |
| Stocks and contracts in progress | 3 | €1,218,472 | €409,235 | -€809,237 | -66.4% |
| Stocks | 30/36 | €1,218,472 | €409,235 | -€809,237 | -66.4% |
| Amounts receivable within one year | 40/41 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 41 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,940 | €584,173 | +€577,234 | +8317.7% |
| Deferred charges and accrued income | 490/1 | - | €820 | +€820 | |
| Total equity and liabilities | 10/49 | €1,237,792 | €1,006,031 | -€231,761 | -18.7% |
| Equity | 10/15 | €173,162 | €406,990 | +€233,829 | +135.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,838 | €206,990 | +€233,829 | |
| Amounts payable | 17/49 | €1,064,630 | €599,040 | -€465,590 | -43.7% |
| Amounts payable within one year | 42/48 | €1,064,630 | €599,040 | -€465,590 | -43.7% |
| Financial debts | 43 | €400,000 | - | -€400,000 | |
| Credit institutions | 430/8 | €400,000 | - | -€400,000 | |
| Trade debts | 44 | €1,199 | €33 | -€1,166 | -97.2% |
| Suppliers | 440/4 | €1,199 | €33 | -€1,166 | -97.2% |
| Taxes, remuneration and social security | 45 | - | €25,712 | +€25,712 | |
| Taxes | 450/3 | - | €25,712 | +€25,712 | |
| Other amounts payable | 47/48 | €663,431 | €573,296 | -€90,135 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €511 | €578 | +€67 | +13.1% |
| Other operating charges | 640/8 | €2,197 | €120 | -€2,077 | -94.5% |
| Gross operating margin | 9900 | -€4,400 | €303,210 | +€307,611 | |
| Operating profit (loss) | 9901 | -€7,108 | €302,512 | +€309,620 | |
| Financial income | 75/76B | €441 | €5 | -€436 | -98.9% |
| Recurring financial income | 75 | €441 | €5 | -€436 | -98.9% |
| Financial charges | 65/66B | €20,171 | €2,976 | -€17,195 | -85.2% |
| Recurring financial charges | 65 | €20,171 | €2,976 | -€17,195 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | -€26,838 | €299,540 | +€326,379 | |
| Income taxes | 67/77 | - | €65,712 | +€65,712 | |
| Profit (loss) for the period | 9904 | -€26,838 | €233,829 | +€260,667 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,838 | €233,829 | +€260,667 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.