CGBAT: 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.
CGBAT
Largest movements
- Receivables within one year +€41,074
up €41,074 (+521.0%), from €7,884 to €48,958
of which Trade receivables: +€29,763
- Tangible fixed assets +€21,208
up €21,208 (+38.7%), from €54,839 to €76,047
of which Furniture and vehicles: +€29,721
- Cash +€16,107
up €16,107 (+250.2%), from €6,438 to €22,545
mainly Depreciation (+€46,696) and Trade debts (+€41,388)
- Trade debts +€41,388
up €41,388 (+386.0%), from €10,721 to €52,110
- Debts after one year +€27,579
up €27,579 (+134.9%), from €20,440 to €48,019
- Current portion of long-term debt +€6,937
up €6,937 (+32.2%), from €21,513 to €28,450
- Profit (loss) carried forward +€2,439
up €2,439 (+5.0%), from -€48,410 to -€45,971
- Turnover -€227,574
no longer reported in 2025 (was €227,574)
- Purchases and services -€162,288
no longer reported in 2025 (was €162,288)
- Gross operating margin +€46,650
up €46,650 (+60.6%), from €76,991 to €123,641
- Staff costs +€17,283
up €17,283 (+35.2%), from €49,102 to €66,385
- Depreciation +€14,452
up €14,452 (+44.8%), from €32,244 to €46,696
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 | €69,641 | €147,998 | +€78,358 | +112.5% |
| Fixed assets | 21/28 | €54,974 | €76,182 | +€21,208 | +38.6% |
| Tangible fixed assets | 22/27 | €54,839 | €76,047 | +€21,208 | +38.7% |
| Plant, machinery and equipment | 23 | €21,802 | €13,289 | -€8,513 | -39.0% |
| Furniture and vehicles | 24 | €33,037 | €62,758 | +€29,721 | +90.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €14,667 | €71,816 | +€57,149 | +389.7% |
| Amounts receivable within one year | 40/41 | €7,884 | €48,958 | +€41,074 | +521.0% |
| Trade receivables | 40 | €7,845 | €37,608 | +€29,763 | +379.4% |
| Other amounts receivable | 41 | €39 | €11,350 | +€11,311 | +29001.8% |
| Cash at bank and in hand | 54/58 | €6,438 | €22,545 | +€16,107 | +250.2% |
| Deferred charges and accrued income | 490/1 | €344 | €313 | -€31 | -9.1% |
| Total equity and liabilities | 10/49 | €69,641 | €147,998 | +€78,358 | +112.5% |
| Equity | 10/15 | -€12,761 | -€10,323 | +€2,439 | +19.1% |
| Contributions | 10/11 | €23,060 | €23,060 | = | 0.0% |
| Capital | 10 | €23,060 | - | -€23,060 | |
| Issued capital | 100 | €35,950 | - | -€35,950 | |
| Uncalled capital | 101 | €12,890 | - | -€12,890 | |
| Contributions outside capital | 11 | - | €23,060 | +€23,060 | |
| Other | 1109/19 | - | €23,060 | +€23,060 | |
| Reserves | 13 | €12,589 | €12,589 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,589 | €3,589 | = | 0.0% |
| Legal reserve | 130 | €3,589 | - | -€3,589 | |
| Reserves not available under the articles | 1311 | - | €3,589 | +€3,589 | |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,410 | -€45,971 | +€2,439 | +5.0% |
| Amounts payable | 17/49 | €82,402 | €158,321 | +€75,919 | +92.1% |
| Amounts payable after more than one year | 17 | €20,440 | €48,019 | +€27,579 | +134.9% |
| Financial debts | 170/4 | €20,440 | €48,019 | +€27,579 | +134.9% |
| Amounts payable within one year | 42/48 | €61,962 | €110,302 | +€48,340 | +78.0% |
| Current portion of amounts payable after more than one year | 42 | €21,513 | €28,450 | +€6,937 | +32.2% |
| Trade debts | 44 | €10,721 | €52,110 | +€41,388 | +386.0% |
| Suppliers | 440/4 | €10,721 | €52,110 | +€41,388 | +386.0% |
| Taxes, remuneration and social security | 45 | €2,923 | €1,503 | -€1,420 | -48.6% |
| Taxes | 450/3 | €2,923 | - | -€2,923 | |
| Remuneration and social security | 454/9 | - | €1,503 | +€1,503 | |
| Other amounts payable | 47/48 | €26,805 | €28,239 | +€1,435 | +5.4% |
| Turnover | 70 | €227,574 | - | -€227,574 | |
| Non-recurring operating income | 76A | - | €17,007 | +€17,007 | |
| Goods, raw materials, services and sundry goods | 60/61 | €162,288 | - | -€162,288 | |
| Remuneration, social security and pensions | 62 | €49,102 | €66,385 | +€17,283 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,244 | €46,696 | +€14,452 | +44.8% |
| Other operating charges | 640/8 | €2,200 | €1,995 | -€205 | -9.3% |
| Gross operating margin | 9900 | €76,991 | €123,641 | +€46,650 | +60.6% |
| Operating profit (loss) | 9901 | -€6,555 | €8,565 | +€15,120 | |
| Financial income | 75/76B | €447 | - | -€447 | |
| Recurring financial income | 75 | €447 | - | -€447 | |
| Financial charges | 65/66B | €2,013 | €3,878 | +€1,865 | +92.7% |
| Recurring financial charges | 65 | €2,013 | €3,878 | +€1,865 | +92.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,120 | €4,688 | +€12,808 | |
| Income taxes | 67/77 | €5,182 | €2,249 | -€2,933 | -56.6% |
| Profit (loss) for the period | 9904 | -€13,302 | €2,439 | +€15,741 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,302 | €2,439 | +€15,741 |
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 11 October 2026 via checked.be.