CGA BELGIUM: 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 BELGIUM
Largest movements
- Cash -€15,136
down €15,136 (-45.0%), from €33,659 to €18,523
mainly Net result for the year (-€8,096) and Tax, wage and social debts (-€7,422)
- Tangible fixed assets -€4,220
no longer reported in 2025 (was €4,220)
- Receivables within one year -€2,525
down €2,525 (-23.4%), from €10,809 to €8,284
of which Trade receivables: -€3,000
- Deferred charges and accrued income -€1,077
no longer reported in 2025 (was €1,077)
- Profit (loss) carried forward -€8,096
down €8,096, from €3,777 to -€4,319
- Tax, wage and social debts -€7,422
no longer reported in 2025 (was €7,422)
- Accrued charges and deferred income -€6,063
no longer reported in 2025 (was €6,063)
- Trade debts -€1,377
no longer reported in 2025 (was €1,377)
- Gross operating margin -€27,761
down €27,761, from €24,399 to -€3,362
- Taxes -€7,422
no longer reported in 2025 (was €7,422)
- Depreciation -€492
no longer reported in 2025 (was €492)
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.
Derived cash bridge
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 | €49,765 | €26,807 | -€22,958 | -46.1% |
| Fixed assets | 21/28 | €4,220 | - | -€4,220 | |
| Tangible fixed assets | 22/27 | €4,220 | - | -€4,220 | |
| Other tangible fixed assets | 26 | €4,220 | - | -€4,220 | |
| Current assets | 29/58 | €45,545 | €26,807 | -€18,738 | -41.1% |
| Amounts receivable within one year | 40/41 | €10,809 | €8,284 | -€2,525 | -23.4% |
| Trade receivables | 40 | €3,000 | - | -€3,000 | |
| Other amounts receivable | 41 | €7,809 | €8,284 | +€475 | +6.1% |
| Cash at bank and in hand | 54/58 | €33,659 | €18,523 | -€15,136 | -45.0% |
| Deferred charges and accrued income | 490/1 | €1,077 | - | -€1,077 | |
| Total equity and liabilities | 10/49 | €49,765 | €26,807 | -€22,958 | -46.1% |
| Equity | 10/15 | €34,902 | €26,807 | -€8,096 | -23.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €18,726 | €18,726 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,866 | €16,866 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,777 | -€4,319 | -€8,096 | |
| Amounts payable | 17/49 | €14,863 | - | -€14,863 | |
| Amounts payable within one year | 42/48 | €8,799 | - | -€8,799 | |
| Trade debts | 44 | €1,377 | - | -€1,377 | |
| Suppliers | 440/4 | €1,377 | - | -€1,377 | |
| Taxes, remuneration and social security | 45 | €7,422 | - | -€7,422 | |
| Taxes | 450/3 | €7,422 | - | -€7,422 | |
| Accrued charges and deferred income | 492/3 | €6,063 | - | -€6,063 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €492 | - | -€492 | |
| Non-recurring operating charges | 66A | - | €5,155 | +€5,155 | |
| Gross operating margin | 9900 | €24,399 | -€3,362 | -€27,761 | |
| Operating profit (loss) | 9901 | €23,907 | -€8,517 | -€32,424 | |
| Financial income | 75/76B | €405 | €475 | +€70 | +17.3% |
| Recurring financial income | 75 | €405 | €475 | +€70 | +17.3% |
| Financial charges | 65/66B | €24 | €54 | +€30 | +125% |
| Recurring financial charges | 65 | €24 | €54 | +€30 | +125% |
| Profit (loss) for the period before taxes | 9903 | €24,288 | -€8,096 | -€32,384 | |
| Income taxes | 67/77 | €7,422 | - | -€7,422 | |
| Profit (loss) for the period | 9904 | €16,866 | -€8,096 | -€24,961 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,866 | -€8,096 | -€24,961 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.