CGA: 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.
CGA
Largest movements
- Cash +€20,793
up €20,793 (+43.4%), from €47,956 to €68,750
mainly Net result for the year (+€27,733) and Tax, wage and social debts (+€9,945)
- Receivables within one year +€6,658
up €6,658 (+54.0%), from €12,340 to €18,999
of which Other amounts receivable: +€4,020
- Tangible fixed assets +€6,406
up €6,406 (+22.0%), from €29,134 to €35,540
of which Furniture and vehicles: +€5,884
- Deferred charges and accrued income +€1,556
up €1,556 (+104.0%), from €1,496 to €3,051
- Reserves +€27,733
up €27,733 (+43.5%), from €63,722 to €91,455
- Tax, wage and social debts +€9,945
up €9,945 (+145.4%), from €6,839 to €16,784
- Other debts -€8,996
down €8,996 (-59.3%), from €15,168 to €6,173
- Debts after one year +€4,137
new in 2025: €4,137
- Gross operating margin +€21,744
up €21,744 (+83.3%), from €26,099 to €47,843
- Taxes +€3,200
up €3,200 (+69.7%), from €4,589 to €7,789
- Depreciation +€2,541
up €2,541 (+44.8%), from €5,666 to €8,207
- Financial charges +€2,084
up €2,084 (+225.5%), from €924 to €3,009
- Other operating charges +€700
up €700 (+173.0%), from €405 to €1,105
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 | €91,952 | €126,909 | +€34,956 | +38.0% |
| Formation expenses | 20 | €1,026 | €569 | -€457 | -44.5% |
| Fixed assets | 21/28 | €29,134 | €35,540 | +€6,406 | +22.0% |
| Tangible fixed assets | 22/27 | €29,134 | €35,540 | +€6,406 | +22.0% |
| Land and buildings | 22 | €8,624 | €7,593 | -€1,031 | -12.0% |
| Plant, machinery and equipment | 23 | €17,969 | €19,521 | +€1,552 | +8.6% |
| Furniture and vehicles | 24 | €2,542 | €8,426 | +€5,884 | +231.5% |
| Current assets | 29/58 | €61,792 | €90,800 | +€29,007 | +46.9% |
| Amounts receivable within one year | 40/41 | €12,340 | €18,999 | +€6,658 | +54.0% |
| Trade receivables | 40 | €12,340 | €14,979 | +€2,638 | +21.4% |
| Other amounts receivable | 41 | - | €4,020 | +€4,020 | |
| Cash at bank and in hand | 54/58 | €47,956 | €68,750 | +€20,793 | +43.4% |
| Deferred charges and accrued income | 490/1 | €1,496 | €3,051 | +€1,556 | +104.0% |
| Total equity and liabilities | 10/49 | €91,952 | €126,909 | +€34,956 | +38.0% |
| Equity | 10/15 | €66,722 | €94,455 | +€27,733 | +41.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €63,722 | €91,455 | +€27,733 | +43.5% |
| Distributable reserves | 133 | €63,722 | €91,455 | +€27,733 | +43.5% |
| Amounts payable | 17/49 | €25,230 | €32,454 | +€7,224 | +28.6% |
| Amounts payable after more than one year | 17 | - | €4,137 | +€4,137 | |
| Financial debts | 170/4 | - | €4,137 | +€4,137 | |
| Amounts payable within one year | 42/48 | €25,230 | €28,317 | +€3,087 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | - | €989 | +€989 | |
| Trade debts | 44 | €3,223 | €4,372 | +€1,149 | +35.7% |
| Suppliers | 440/4 | €3,223 | €4,372 | +€1,149 | +35.7% |
| Taxes, remuneration and social security | 45 | €6,839 | €16,784 | +€9,945 | +145.4% |
| Taxes | 450/3 | €6,839 | €16,784 | +€9,945 | +145.4% |
| Other amounts payable | 47/48 | €15,168 | €6,173 | -€8,996 | -59.3% |
| Non-recurring operating income | 76A | - | €4,515 | +€4,515 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,666 | €8,207 | +€2,541 | +44.8% |
| Other operating charges | 640/8 | €405 | €1,105 | +€700 | +173.0% |
| Gross operating margin | 9900 | €26,099 | €47,843 | +€21,744 | +83.3% |
| Operating profit (loss) | 9901 | €20,028 | €38,530 | +€18,502 | +92.4% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €924 | €3,009 | +€2,084 | +225.5% |
| Recurring financial charges | 65 | €924 | €3,009 | +€2,084 | +225.5% |
| Profit (loss) for the period before taxes | 9903 | €19,116 | €35,522 | +€16,406 | +85.8% |
| Income taxes | 67/77 | €4,589 | €7,789 | +€3,200 | +69.7% |
| Profit (loss) for the period | 9904 | €14,527 | €27,733 | +€13,206 | +90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,527 | €27,733 | +€13,206 | +90.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.