CGF: 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.
CGF
Largest movements
- Receivables within one year +€21,485
up €21,485 (+10.4%), from €206,976 to €228,461
of which Other amounts receivable: +€21,485
- Reserves +€338,872
up €338,872 (+136.2%), from €248,890 to €587,762
of which Distributable reserves: +€338,872
- Profit (loss) carried forward -€311,697
no longer reported in 2025 (was €311,697)
- Gross operating margin -€46,520
down €46,520 (-73.1%), from €63,666 to €17,146
- Financial income +€21,485
new in 2025: €21,485
- Taxes -€12,043
down €12,043 (-57.3%), from €21,017 to €8,974
- Other operating charges +€759
up €759 (+184.9%), from €410 to €1,169
- Financial charges +€736
up €736 (+127.7%), from €577 to €1,313
of which Financial charges: +€733
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 | €631,976 | €656,462 | +€24,486 | +3.9% |
| Current assets | 29/58 | €631,976 | €656,462 | +€24,486 | +3.9% |
| Amounts receivable after more than one year | 29 | €425,000 | €425,000 | = | 0.0% |
| Other amounts receivable | 291 | €425,000 | €425,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €206,976 | €228,461 | +€21,485 | +10.4% |
| Trade receivables | 40 | €9,367 | €9,367 | = | 0.0% |
| Other amounts receivable | 41 | €197,610 | €219,095 | +€21,485 | +10.9% |
| Cash at bank and in hand | 54/58 | - | €3,001 | +€3,001 | |
| Total equity and liabilities | 10/49 | €631,976 | €656,462 | +€24,486 | +3.9% |
| Equity | 10/15 | €566,787 | €593,962 | +€27,175 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €248,890 | €587,762 | +€338,872 | +136.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,000 | €62,000 | = | 0.0% |
| Distributable reserves | 133 | €185,030 | €523,902 | +€338,872 | +183.1% |
| Profit (loss) carried forward | 14 | €311,697 | - | -€311,697 | |
| Amounts payable | 17/49 | €65,190 | €62,500 | -€2,690 | -4.1% |
| Amounts payable within one year | 42/48 | €65,190 | €62,500 | -€2,690 | -4.1% |
| Financial debts | 43 | €2,359 | - | -€2,359 | |
| Credit institutions | 430/8 | €2,359 | - | -€2,359 | |
| Trade debts | 44 | €7,802 | €9,997 | +€2,195 | +28.1% |
| Suppliers | 440/4 | €7,802 | €9,997 | +€2,195 | +28.1% |
| Taxes, remuneration and social security | 45 | €55,029 | €52,503 | -€2,526 | -4.6% |
| Taxes | 450/3 | €55,029 | €52,503 | -€2,526 | -4.6% |
| Other operating charges | 640/8 | €410 | €1,169 | +€759 | +184.9% |
| Gross operating margin | 9900 | €63,666 | €17,146 | -€46,520 | -73.1% |
| Operating profit (loss) | 9901 | €63,256 | €15,977 | -€47,279 | -74.7% |
| Financial income | 75/76B | - | €21,485 | +€21,485 | |
| Recurring financial income | 75 | - | €21,485 | +€21,485 | |
| Financial charges | 65/66B | €577 | €1,313 | +€736 | +127.7% |
| Recurring financial charges | 65 | €577 | €1,310 | +€733 | +127.2% |
| Non-recurring financial charges | 66B | - | €3 | +€3 | |
| Profit (loss) for the period before taxes | 9903 | €62,679 | €36,149 | -€26,530 | -42.3% |
| Income taxes | 67/77 | €21,017 | €8,974 | -€12,043 | -57.3% |
| Profit (loss) for the period | 9904 | €41,662 | €27,175 | -€14,487 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,662 | €27,175 | -€14,487 | -34.8% |
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 4 October 2026 via checked.be.