CG RETAIL: 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 RETAIL
Largest movements
- Receivables within one year -€81,262
down €81,262 (-70.4%), from €115,483 to €34,221
of which Trade receivables: -€87,349
- Tangible fixed assets -€31,987
down €31,987 (-35.9%), from €89,071 to €57,084
of which Other tangible fixed assets: -€31,106
- Stocks and contracts -€14,902
down €14,902 (-7.3%), from €204,177 to €189,275
- Deferred charges and accrued income +€10,224
up €10,224 (+11.3%), from €90,346 to €100,570
- Trade debts -€64,925
down €64,925 (-9.2%), from €703,509 to €638,584
- Profit (loss) carried forward -€28,313
down €28,313 (-4.6%), from -€611,755 to -€640,068
- Debts after one year -€27,397
down €27,397 (-9.8%), from €280,954 to €253,558
- Tax, wage and social debts +€5,885
up €5,885 (+153.4%), from €3,835 to €9,720
of which Taxes: +€9,720
- Write-downs -€33,943
no longer reported in 2025 (was €33,943)
- Gross operating margin -€12,080
down €12,080 (-14.6%), from €82,521 to €70,441
- Financial income -€4,316
down €4,316 (-73.9%), from €5,838 to €1,522
- Staff costs +€3,280
up €3,280 (+5.3%), from €62,345 to €65,625
- Financial charges -€1,408
down €1,408 (-45.4%), from €3,104 to €1,696
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 | €522,257 | €407,372 | -€114,885 | -22.0% |
| Fixed assets | 21/28 | €89,231 | €57,244 | -€31,987 | -35.8% |
| Tangible fixed assets | 22/27 | €89,071 | €57,084 | -€31,987 | -35.9% |
| Plant, machinery and equipment | 23 | €2,683 | €1,803 | -€880 | -32.8% |
| Other tangible fixed assets | 26 | €86,388 | €55,281 | -€31,106 | -36.0% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €433,026 | €350,127 | -€82,898 | -19.1% |
| Stocks and contracts in progress | 3 | €204,177 | €189,275 | -€14,902 | -7.3% |
| Stocks | 30/36 | €204,177 | €189,275 | -€14,902 | -7.3% |
| Amounts receivable within one year | 40/41 | €115,483 | €34,221 | -€81,262 | -70.4% |
| Trade receivables | 40 | €111,772 | €24,423 | -€87,349 | -78.1% |
| Other amounts receivable | 41 | €3,712 | €9,799 | +€6,087 | +164.0% |
| Cash at bank and in hand | 54/58 | €23,019 | €26,062 | +€3,042 | +13.2% |
| Deferred charges and accrued income | 490/1 | €90,346 | €100,570 | +€10,224 | +11.3% |
| Total equity and liabilities | 10/49 | €522,257 | €407,372 | -€114,885 | -22.0% |
| Equity | 10/15 | -€510,233 | -€540,068 | -€29,835 | -5.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€611,755 | -€640,068 | -€28,313 | -4.6% |
| Investment grants | 15 | €1,522 | - | -€1,522 | |
| Amounts payable | 17/49 | €1,032,490 | €947,440 | -€85,050 | -8.2% |
| Amounts payable after more than one year | 17 | €280,954 | €253,558 | -€27,397 | -9.8% |
| Financial debts | 170/4 | €280,954 | €253,558 | -€27,397 | -9.8% |
| Amounts payable within one year | 42/48 | €751,536 | €693,882 | -€57,654 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €8,406 | €7,397 | -€1,010 | -12.0% |
| Financial debts | 43 | - | €600 | +€600 | |
| Credit institutions | 430/8 | - | €600 | +€600 | |
| Trade debts | 44 | €703,509 | €638,584 | -€64,925 | -9.2% |
| Suppliers | 440/4 | €703,509 | €638,584 | -€64,925 | -9.2% |
| Taxes, remuneration and social security | 45 | €3,835 | €9,720 | +€5,885 | +153.4% |
| Taxes | 450/3 | - | €9,720 | +€9,720 | |
| Remuneration and social security | 454/9 | €3,835 | - | -€3,835 | |
| Other amounts payable | 47/48 | €35,785 | €37,581 | +€1,796 | +5.0% |
| Remuneration, social security and pensions | 62 | €62,345 | €65,625 | +€3,280 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,270 | €31,987 | -€283 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €33,943 | - | -€33,943 | |
| Other operating charges | 640/8 | €992 | €968 | -€24 | -2.4% |
| Gross operating margin | 9900 | €82,521 | €70,441 | -€12,080 | -14.6% |
| Operating profit (loss) | 9901 | -€47,030 | -€28,139 | +€18,891 | +40.2% |
| Financial income | 75/76B | €5,838 | €1,522 | -€4,316 | -73.9% |
| Recurring financial income | 75 | €5,838 | €1,522 | -€4,316 | -73.9% |
| Financial charges | 65/66B | €3,104 | €1,696 | -€1,408 | -45.4% |
| Recurring financial charges | 65 | €3,104 | €1,696 | -€1,408 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | -€44,296 | -€28,313 | +€15,983 | +36.1% |
| Profit (loss) for the period | 9904 | -€44,296 | -€28,313 | +€15,983 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,296 | -€28,313 | +€15,983 | +36.1% |
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 12 October 2026 via checked.be.