CGCV: 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.
CGCV
Largest movements
- Cash +€20,082
up €20,082 (+255.1%), from €7,872 to €27,954
mainly Net result for the year (+€42,861) and Depreciation (+€6,821)
- Tangible fixed assets +€7,348
up €7,348 (+301.3%), from €2,439 to €9,787
of which Other tangible fixed assets: +€7,777
- Receivables within one year -€6,702
down €6,702 (-49.0%), from €13,672 to €6,970
of which Trade receivables: -€6,590
- Intangible fixed assets -€6,000
down €6,000 (-14.3%), from €42,000 to €36,000
- Stocks and contracts +€4,000
up €4,000 (+223.9%), from €1,787 to €5,787
- Profit (loss) carried forward +€42,861
up €42,861, from -€38,145 to €4,716
- Other debts -€11,869
down €11,869 (-29.0%), from €40,994 to €29,124
- Trade debts -€11,093
down €11,093 (-35.1%), from €31,636 to €20,543
- Tax, wage and social debts -€1,103
down €1,103 (-6.0%), from €18,329 to €17,225
of which Remuneration and social security: -€7,392
- Staff costs -€42,817
down €42,817 (-38.9%), from €109,995 to €67,178
- Gross operating margin -€21,234
down €21,234 (-13.7%), from €155,464 to €134,231
- Taxes +€7,367
up €7,367 (+144.1%), from €5,114 to €12,481
- Other operating charges -€5,602
down €5,602 (-66.2%), from €8,461 to €2,859
- Financial charges -€2,376
down €2,376 (-53.8%), from €4,414 to €2,038
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 | €72,043 | €90,838 | +€18,795 | +26.1% |
| Fixed assets | 21/28 | €44,589 | €45,937 | +€1,348 | +3.0% |
| Intangible fixed assets | 21 | €42,000 | €36,000 | -€6,000 | -14.3% |
| Tangible fixed assets | 22/27 | €2,439 | €9,787 | +€7,348 | +301.3% |
| Land and buildings | 22 | €793 | €595 | -€198 | -25.0% |
| Plant, machinery and equipment | 23 | €231 | - | -€231 | |
| Other tangible fixed assets | 26 | €1,415 | €9,192 | +€7,777 | +549.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €27,454 | €44,901 | +€17,447 | +63.5% |
| Stocks and contracts in progress | 3 | €1,787 | €5,787 | +€4,000 | +223.9% |
| Stocks | 30/36 | €1,787 | €5,787 | +€4,000 | +223.9% |
| Amounts receivable within one year | 40/41 | €13,672 | €6,970 | -€6,702 | -49.0% |
| Trade receivables | 40 | €13,560 | €6,970 | -€6,590 | -48.6% |
| Other amounts receivable | 41 | €112 | - | -€112 | |
| Cash at bank and in hand | 54/58 | €7,872 | €27,954 | +€20,082 | +255.1% |
| Deferred charges and accrued income | 490/1 | €4,124 | €4,190 | +€66 | +1.6% |
| Total equity and liabilities | 10/49 | €72,043 | €90,838 | +€18,795 | +26.1% |
| Equity | 10/15 | -€18,915 | €23,945 | +€42,861 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €629 | €629 | = | 0.0% |
| Non-distributable reserves | 130/1 | €629 | €629 | = | 0.0% |
| Reserves not available under the articles | 1311 | €629 | €629 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,145 | €4,716 | +€42,861 | |
| Amounts payable | 17/49 | €90,959 | €66,893 | -€24,066 | -26.5% |
| Amounts payable within one year | 42/48 | €90,959 | €66,893 | -€24,066 | -26.5% |
| Trade debts | 44 | €31,636 | €20,543 | -€11,093 | -35.1% |
| Suppliers | 440/4 | €31,636 | €20,543 | -€11,093 | -35.1% |
| Taxes, remuneration and social security | 45 | €18,329 | €17,225 | -€1,103 | -6.0% |
| Taxes | 450/3 | €5,676 | €11,964 | +€6,289 | +110.8% |
| Remuneration and social security | 454/9 | €12,653 | €5,261 | -€7,392 | -58.4% |
| Other amounts payable | 47/48 | €40,994 | €29,124 | -€11,869 | -29.0% |
| Remuneration, social security and pensions | 62 | €109,995 | €67,178 | -€42,817 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,602 | €6,821 | +€219 | +3.3% |
| Other operating charges | 640/8 | €8,461 | €2,859 | -€5,602 | -66.2% |
| Gross operating margin | 9900 | €155,464 | €134,231 | -€21,234 | -13.7% |
| Operating profit (loss) | 9901 | €30,406 | €57,372 | +€26,966 | +88.7% |
| Financial income | 75/76B | €23 | €8 | -€16 | -67.8% |
| Recurring financial income | 75 | €23 | €8 | -€16 | -67.8% |
| Financial charges | 65/66B | €4,414 | €2,038 | -€2,376 | -53.8% |
| Recurring financial charges | 65 | €4,414 | €2,038 | -€2,376 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €26,015 | €55,342 | +€29,326 | +112.7% |
| Income taxes | 67/77 | €5,114 | €12,481 | +€7,367 | +144.1% |
| Profit (loss) for the period | 9904 | €20,902 | €42,861 | +€21,959 | +105.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,902 | €42,861 | +€21,959 | +105.1% |
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 30 September 2026 via checked.be.