CGI 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.
What changed
CGI Belgium
NACE 62.200, Computer consultancy and computer facilities management
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €572,136+€545,388
Equity
€6.2m
2024 · €5.1m+€1.1m
Cash
€225,728
2024 · €5.9m-€5.7m
Balance sheet total
€10.8m
2024 · €12.0m-€1.2m
Largest movements
Assets
- Cash -€5.7m
down €5.7m (-96.2%), from €5.9m to €225,728
mainly Receivables within one year (-€4.4m) and Tax, wage and social debts (-€1.4m)
- Receivables within one year +€4.4m
up €4.4m (+109.8%), from €4.0m to €8.4m
of which Other amounts receivable: +€5.0m
- Tangible fixed assets +€200,281
up €200,281 (+356.4%), from €56,202 to €256,483
of which Other tangible fixed assets: +€195,857
Equity and liabilities
- Tax, wage and social debts -€1.4m
down €1.4m (-30.6%), from €4.4m to €3.1m
of which Remuneration and social security: -€1.1m
- Profit (loss) carried forward +€1.1m
up €1.1m (+284.6%), from €392,699 to €1.5m
- Trade debts -€607,352
down €607,352 (-28.9%), from €2.1m to €1.5m
- Advances received -€381,213
down €381,213 (-91.0%), from €418,924 to €37,711
Income statement
- Turnover -€2.0m
down €2.0m (-7.5%), from €26.4m to €24.4m
- Staff costs -€1.9m
down €1.9m (-12.6%), from €14.9m to €13.0m
- Services and other goods -€438,290
down €438,290 (-11.6%), from €3.8m to €3.3m
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.
Result 2024
€572,136
Turnover
-€2.0m
Other operating income
+€43,104
Goods and materials
-€87,538
Services and other goods
+€438,290
Staff costs
+€1.9m
Depreciation
-€37,529
Provisions
-€29,026
Other operating items
+€76,176
Financial income
-€19,850
Financial charges
+€53,143
Taxes
+€213,785
Result 2025
€1.1m
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.
From operations
-€5.4m
Investment
-€318,504
Financing
€0
Cash 2024
€5.9m
From operations (derived)
-€5.4m
Net result for the year
+€1.1m
Depreciation
+€96,629
Smaller working-capital items
+€7,828
Stocks and contracts
+€105,413
Receivables within one year
-€4.4m
Provisions
+€29,026
Trade debts
-€607,352
Tax, wage and social debts
-€1.4m
Advances received
-€381,213
Investment (derived)
-€318,504
Investment in fixed assets (net)
-€318,504
Cash 2025
€225,728
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,995,670 | €10,802,815 | -€1.2m | -9.9% |
| Fixed assets | 21/28 | €75,264 | €297,139 | +€221,875 | +294.8% |
| Intangible fixed assets | 21 | €19,062 | €40,656 | +€21,594 | +113.3% |
| Tangible fixed assets | 22/27 | €56,202 | €256,483 | +€200,281 | +356.4% |
| Plant, machinery and equipment | 23 | €37,986 | €48,186 | +€10,200 | +26.9% |
| Furniture and vehicles | 24 | €18,216 | €12,440 | -€5,776 | -31.7% |
| Other tangible fixed assets | 26 | - | €195,857 | +€195,857 | |
| Current assets | 29/58 | €11,920,406 | €10,505,676 | -€1.4m | -11.9% |
| Amounts receivable after more than one year | 29 | €4,310 | - | -€4,310 | |
| Other amounts receivable | 291 | €4,310 | - | -€4,310 | |
| Stocks and contracts in progress | 3 | €1,988,307 | €1,882,894 | -€105,413 | -5.3% |
| Contracts in progress | 37 | €1,988,307 | €1,882,894 | -€105,413 | -5.3% |
| Amounts receivable within one year | 40/41 | €3,997,122 | €8,386,680 | +€4.4m | +109.8% |
| Trade receivables | 40 | €3,877,584 | €3,307,605 | -€569,979 | -14.7% |
| Other amounts receivable | 41 | €119,538 | €5,079,075 | +€5.0m | +4148.9% |
| Cash at bank and in hand | 54/58 | €5,916,775 | €225,728 | -€5.7m | -96.2% |
| Deferred charges and accrued income | 490/1 | €13,892 | €10,374 | -€3,518 | -25.3% |
| Total equity and liabilities | 10/49 | €11,995,670 | €10,802,815 | -€1.2m | -9.9% |
| Equity | 10/15 | €5,067,812 | €6,185,336 | +€1.1m | +22.1% |
| Contributions | 10/11 | €2,877,656 | €2,877,656 | = | 0.0% |
| Capital | 10 | €2,877,656 | €2,877,656 | = | 0.0% |
| Issued capital | 100 | €2,877,656 | €2,877,656 | = | 0.0% |
| Uncalled capital | 101 | - | €0 | = | |
| Reserves | 13 | €1,797,457 | €1,797,457 | = | 0.0% |
| Non-distributable reserves | 130/1 | €287,766 | €287,766 | = | 0.0% |
| Legal reserve | 130 | €287,766 | €287,766 | = | 0.0% |
| Distributable reserves | 133 | €1,509,691 | €1,509,691 | = | 0.0% |
| Profit (loss) carried forward | 14 | €392,699 | €1,510,223 | +€1.1m | +284.6% |
| Provisions and deferred taxes | 16 | - | €29,026 | +€29,026 | |
| Provisions for liabilities and charges | 160/5 | - | €29,026 | +€29,026 | |
| Pensions and similar obligations | 160 | - | €29,026 | +€29,026 | |
| Amounts payable | 17/49 | €6,927,858 | €4,588,453 | -€2.3m | -33.8% |
| Amounts payable within one year | 42/48 | €6,927,858 | €4,588,453 | -€2.3m | -33.8% |
| Trade debts | 44 | €2,098,492 | €1,491,140 | -€607,352 | -28.9% |
| Suppliers | 440/4 | €2,098,492 | €1,491,140 | -€607,352 | -28.9% |
| Advances received on contracts in progress | 46 | €418,924 | €37,711 | -€381,213 | -91.0% |
| Taxes, remuneration and social security | 45 | €4,410,442 | €3,059,602 | -€1.4m | -30.6% |
| Taxes | 450/3 | €736,212 | €496,835 | -€239,377 | -32.5% |
| Remuneration and social security | 454/9 | €3,674,230 | €2,562,767 | -€1.1m | -30.3% |
| Operating income | 70/76A | €26,344,900 | €24,479,195 | -€1.9m | -7.1% |
| Turnover | 70 | €26,429,782 | €24,444,797 | -€2.0m | -7.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€181,589 | -€105,413 | +€76,176 | +41.9% |
| Other operating income | 74 | €96,707 | €139,811 | +€43,104 | +44.6% |
| Operating charges | 60/66A | €25,564,984 | €23,400,969 | -€2.2m | -8.5% |
| Goods for resale, raw materials and consumables | 60 | €6,814,020 | €6,901,558 | +€87,538 | +1.3% |
| Purchases | 600/8 | €6,814,020 | €6,901,558 | +€87,538 | +1.3% |
| Services and other goods | 61 | €3,762,789 | €3,324,499 | -€438,290 | -11.6% |
| Remuneration, social security and pensions | 62 | €14,929,075 | €13,049,257 | -€1.9m | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,100 | €96,629 | +€37,529 | +63.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €29,026 | +€29,026 | |
| Operating profit (loss) | 9901 | €779,916 | €1,078,226 | +€298,310 | +38.2% |
| Financial income | 75/76B | €202,716 | €182,866 | -€19,850 | -9.8% |
| Recurring financial income | 75 | €202,716 | €182,866 | -€19,850 | -9.8% |
| Income from financial fixed assets | 750 | €202,716 | €182,866 | -€19,850 | -9.8% |
| Financial charges | 65/66B | €55,140 | €1,997 | -€53,143 | -96.4% |
| Recurring financial charges | 65 | €55,140 | €1,997 | -€53,143 | -96.4% |
| Other financial charges | 652/9 | €55,140 | €1,997 | -€53,143 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | €927,492 | €1,259,095 | +€331,603 | +35.8% |
| Income taxes | 67/77 | €355,356 | €141,571 | -€213,785 | -60.2% |
| Taxes | 670/3 | €355,356 | €141,571 | -€213,785 | -60.2% |
| Profit (loss) for the period | 9904 | €572,136 | €1,117,524 | +€545,388 | +95.3% |
| Transfer from tax-exempt reserves | 789 | €1,509,691 | - | -€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,081,827 | €1,117,524 | -€964,303 | -46.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.