CGA CUBE: 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.
CGA CUBE
Largest movements
- Tangible fixed assets +€37,519
up €37,519 (+383.8%), from €9,775 to €47,293
- Receivables within one year +€24,390
up €24,390 (+31.4%), from €77,768 to €102,158
of which Other amounts receivable: +€16,968
- Debts after one year +€42,754
new in 2025: €42,754
- Current portion of long-term debt +€10,420
up €10,420 (+479.4%), from €2,173 to €12,594
- Trade debts +€10,097
up €10,097 (+360.0%), from €2,805 to €12,902
- Advances received +€6,460
new in 2025: €6,460
- Tax, wage and social debts -€3,083
down €3,083 (-61.9%), from €4,983 to €1,900
of which Taxes: -€3,083
- Gross operating margin -€27,405
down €27,405, from €13,803 to -€13,601
- Financial income +€12,916
up €12,916 (+318.4%), from €4,056 to €16,971
of which Non-recurring financial income: +€12,319
- Depreciation -€3,390
down €3,390 (-47.3%), from €7,162 to €3,771
- Taxes -€962
no longer reported in 2025 (was €962)
- Financial charges +€927
up €927 (+77.6%), from €1,196 to €2,123
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,056 | €153,481 | +€63,425 | +70.4% |
| Fixed assets | 21/28 | €10,175 | €47,693 | +€37,519 | +368.7% |
| Tangible fixed assets | 22/27 | €9,775 | €47,293 | +€37,519 | +383.8% |
| Furniture and vehicles | 24 | €9,775 | €47,293 | +€37,519 | +383.8% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €79,882 | €105,788 | +€25,906 | +32.4% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €77,768 | €102,158 | +€24,390 | +31.4% |
| Trade receivables | 40 | €5,536 | €12,958 | +€7,422 | +134.1% |
| Other amounts receivable | 41 | €72,232 | €89,200 | +€16,968 | +23.5% |
| Deferred charges and accrued income | 490/1 | €114 | €1,630 | +€1,516 | +1333.4% |
| Total equity and liabilities | 10/49 | €90,056 | €153,481 | +€63,425 | +70.4% |
| Equity | 10/15 | €65,605 | €62,554 | -€3,051 | -4.7% |
| Contributions | 10/11 | €43,803 | €43,803 | = | 0.0% |
| Capital | 10 | €35,040 | €35,040 | = | 0.0% |
| Issued capital | 100 | €35,340 | €35,340 | = | 0.0% |
| Uncalled capital | 101 | €300 | €300 | = | 0.0% |
| Outside capital | 11 | €8,763 | €8,763 | = | 0.0% |
| Share premium | 1100/10 | €8,763 | €8,763 | = | 0.0% |
| Reserves | 13 | €2,501 | €2,501 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,501 | €2,501 | = | 0.0% |
| Legal reserve | 130 | €2,501 | €2,501 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,301 | €16,250 | -€3,051 | -15.8% |
| Amounts payable | 17/49 | €24,451 | €90,927 | +€66,476 | +271.9% |
| Amounts payable after more than one year | 17 | - | €42,754 | +€42,754 | |
| Financial debts | 170/4 | - | €42,754 | +€42,754 | |
| Amounts payable within one year | 42/48 | €24,451 | €48,173 | +€23,722 | +97.0% |
| Current portion of amounts payable after more than one year | 42 | €2,173 | €12,594 | +€10,420 | +479.4% |
| Financial debts | 43 | €14,490 | €14,318 | -€172 | -1.2% |
| Credit institutions | 430/8 | €14,490 | €14,318 | -€172 | -1.2% |
| Trade debts | 44 | €2,805 | €12,902 | +€10,097 | +360.0% |
| Suppliers | 440/4 | €2,805 | €12,902 | +€10,097 | +360.0% |
| Advances received on contracts in progress | 46 | - | €6,460 | +€6,460 | |
| Taxes, remuneration and social security | 45 | €4,983 | €1,900 | -€3,083 | -61.9% |
| Taxes | 450/3 | €3,083 | - | -€3,083 | |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,162 | €3,771 | -€3,390 | -47.3% |
| Other operating charges | 640/8 | €701 | €527 | -€174 | -24.9% |
| Gross operating margin | 9900 | €13,803 | -€13,601 | -€27,405 | |
| Operating profit (loss) | 9901 | €5,941 | -€17,899 | -€23,840 | |
| Financial income | 75/76B | €4,056 | €16,971 | +€12,916 | +318.4% |
| Recurring financial income | 75 | €4,056 | €4,652 | +€596 | +14.7% |
| Non-recurring financial income | 76B | - | €12,319 | +€12,319 | |
| Financial charges | 65/66B | €1,196 | €2,123 | +€927 | +77.6% |
| Recurring financial charges | 65 | €1,196 | €2,123 | +€927 | +77.6% |
| Profit (loss) for the period before taxes | 9903 | €8,801 | -€3,051 | -€11,852 | |
| Income taxes | 67/77 | €962 | - | -€962 | |
| Profit (loss) for the period | 9904 | €7,840 | -€3,051 | -€10,891 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,840 | -€3,051 | -€10,891 |
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 5 October 2026 via checked.be.