CG Renovation: 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 Renovation
Largest movements
- Tangible fixed assets -€1,510
down €1,510 (-54.8%), from €2,756 to €1,247
of which Furniture and vehicles: -€1,296
- Cash -€724
down €724 (-85.0%), from €852 to €128
mainly Net result for the year (-€14,926) and Trade debts (-€912)
- Profit (loss) carried forward -€14,926
down €14,926 (-133%), from -€11,188 to -€26,114
- Other debts +€14,462
up €14,462 (+102%), from €14,112 to €28,574
- Trade debts -€912
down €912 (-78.8%), from €1,157 to €245
- Tax, wage and social debts -€748
no longer reported in 2023 (was €748)
- Turnover -€39,674
down €39,674 (-47.7%), from €83,224 to €43,550
- Purchases and services -€24,828
down €24,828 (-30.7%), from €80,915 to €56,087
- Write-downs -€15,020
no longer reported in 2023 (was €15,020)
- Gross operating margin -€14,847
down €14,847, from €2,310 to -€12,537
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,580 | €5,455 | -€2,125 | -28.0% |
| Fixed assets | 21/28 | €2,756 | €1,247 | -€1,510 | -54.8% |
| Tangible fixed assets | 22/27 | €2,756 | €1,247 | -€1,510 | -54.8% |
| Plant, machinery and equipment | 23 | €446 | €232 | -€214 | -48.0% |
| Furniture and vehicles | 24 | €2,310 | €1,015 | -€1,296 | -56.1% |
| Current assets | 29/58 | €4,824 | €4,209 | -€615 | -12.7% |
| Amounts receivable within one year | 40/41 | €3,971 | €4,037 | +€65 | +1.6% |
| Trade receivables | 40 | €2,444 | €2,136 | -€307 | -12.6% |
| Other amounts receivable | 41 | €1,528 | €1,900 | +€373 | +24.4% |
| Cash at bank and in hand | 54/58 | €852 | €128 | -€724 | -85.0% |
| Deferred charges and accrued income | 490/1 | - | €44 | +€44 | |
| Total equity and liabilities | 10/49 | €7,580 | €5,455 | -€2,125 | -28.0% |
| Equity | 10/15 | -€8,438 | -€23,364 | -€14,926 | -177% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,188 | -€26,114 | -€14,926 | -133% |
| Amounts payable | 17/49 | €16,017 | €28,819 | +€12,802 | +79.9% |
| Amounts payable within one year | 42/48 | €16,017 | €28,819 | +€12,802 | +79.9% |
| Trade debts | 44 | €1,157 | €245 | -€912 | -78.8% |
| Suppliers | 440/4 | €1,157 | €245 | -€912 | -78.8% |
| Taxes, remuneration and social security | 45 | €748 | - | -€748 | |
| Taxes | 450/3 | €748 | - | -€748 | |
| Other amounts payable | 47/48 | €14,112 | €28,574 | +€14,462 | +102% |
| Turnover | 70 | €83,224 | €43,550 | -€39,674 | -47.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €80,915 | €56,087 | -€24,828 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,492 | €1,510 | +€18 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,020 | - | -€15,020 | |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Non-recurring operating charges | 66A | €30 | €359 | +€329 | +1,097% |
| Gross operating margin | 9900 | €2,310 | -€12,537 | -€14,847 | |
| Operating profit (loss) | 9901 | -€14,233 | -€14,468 | -€235 | -1.7% |
| Financial income | 75/76B | €354 | - | -€354 | |
| Recurring financial income | 75 | €354 | - | -€354 | |
| Financial charges | 65/66B | €149 | €459 | +€310 | +208% |
| Recurring financial charges | 65 | €149 | €459 | +€310 | +208% |
| Profit (loss) for the period before taxes | 9903 | -€14,028 | -€14,926 | -€899 | -6.4% |
| Profit (loss) for the period | 9904 | -€14,028 | -€14,926 | -€899 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,028 | -€14,926 | -€899 | -6.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.