CGI - COMMERCE: 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.
CGI - COMMERCE
Largest movements
- Receivables within one year +€25,456
up €25,456 (+185.1%), from €13,752 to €39,209
of which Other amounts receivable: +€22,899
- Cash -€7,862
down €7,862 (-9.1%), from €86,065 to €78,203
mainly Contributions, distributions and other (-€54,285) and Receivables within one year (-€25,456)
- Tangible fixed assets -€2,939
down €2,939 (-40.0%), from €7,347 to €4,408
of which Furniture and vehicles: -€2,939
- Deferred charges and accrued income +€2,578
up €2,578 (+400.0%), from €645 to €3,223
- Other debts +€54,285
new in 2025: €54,285
- Profit (loss) carried forward -€54,239
down €54,239 (-69.4%), from €78,193 to €23,954
- Tax, wage and social debts +€12,278
up €12,278 (+85.2%), from €14,418 to €26,696
of which Remuneration and social security: +€11,105
- Reserves +€3,600
new in 2025: €3,600
- Short-term financial debts -€3,123
down €3,123 (-100.0%), from €3,123 to €0
- Staff costs +€20,430
up €20,430 (+127685.2%), from €16 to €20,446
- Gross operating margin +€7,133
up €7,133 (+30.6%), from €23,338 to €30,471
- Taxes -€2,357
down €2,357 (-38.7%), from €6,085 to €3,727
- Depreciation -€1,330
down €1,330 (-34.1%), from €3,904 to €2,575
- Financial income +€820
up €820 (+116.1%), from €707 to €1,527
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 | €107,809 | €125,043 | +€17,234 | +16.0% |
| Fixed assets | 21/28 | €7,347 | €4,408 | -€2,939 | -40.0% |
| Tangible fixed assets | 22/27 | €7,347 | €4,408 | -€2,939 | -40.0% |
| Furniture and vehicles | 24 | €7,347 | €4,408 | -€2,939 | -40.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €100,462 | €120,635 | +€20,173 | +20.1% |
| Amounts receivable within one year | 40/41 | €13,752 | €39,209 | +€25,456 | +185.1% |
| Trade receivables | 40 | €0 | €2,557 | +€2,557 | |
| Other amounts receivable | 41 | €13,752 | €36,652 | +€22,899 | +166.5% |
| Cash at bank and in hand | 54/58 | €86,065 | €78,203 | -€7,862 | -9.1% |
| Deferred charges and accrued income | 490/1 | €645 | €3,223 | +€2,578 | +400.0% |
| Total equity and liabilities | 10/49 | €107,809 | €125,043 | +€17,234 | +16.0% |
| Equity | 10/15 | €81,193 | €30,554 | -€50,639 | -62.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €3,600 | +€3,600 | |
| Distributable reserves | 133 | - | €3,600 | +€3,600 | |
| Profit (loss) carried forward | 14 | €78,193 | €23,954 | -€54,239 | -69.4% |
| Amounts payable | 17/49 | €26,616 | €94,489 | +€67,873 | +255.0% |
| Amounts payable within one year | 42/48 | €26,217 | €94,489 | +€68,272 | +260.4% |
| Current portion of amounts payable after more than one year | 42 | €7,633 | €10,156 | +€2,523 | +33.0% |
| Financial debts | 43 | €3,123 | €0 | -€3,123 | -100.0% |
| Credit institutions | 430/8 | €3,123 | €0 | -€3,123 | -100.0% |
| Trade debts | 44 | €1,044 | €3,352 | +€2,309 | +221.2% |
| Suppliers | 440/4 | €1,044 | €3,352 | +€2,309 | +221.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,418 | €26,696 | +€12,278 | +85.2% |
| Taxes | 450/3 | €14,418 | €15,592 | +€1,174 | +8.1% |
| Remuneration and social security | 454/9 | - | €11,105 | +€11,105 | |
| Other amounts payable | 47/48 | - | €54,285 | +€54,285 | |
| Accrued charges and deferred income | 492/3 | €399 | €0 | -€399 | -100.0% |
| Remuneration, social security and pensions | 62 | €16 | €20,446 | +€20,430 | +127685.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,904 | €2,575 | -€1,330 | -34.1% |
| Other operating charges | 640/8 | €1,411 | €1,006 | -€406 | -28.7% |
| Non-recurring operating charges | 66A | - | €364 | +€364 | |
| Gross operating margin | 9900 | €23,338 | €30,471 | +€7,133 | +30.6% |
| Operating profit (loss) | 9901 | €18,006 | €6,081 | -€11,925 | -66.2% |
| Financial income | 75/76B | €707 | €1,527 | +€820 | +116.1% |
| Recurring financial income | 75 | €707 | €1,527 | +€820 | +116.1% |
| Financial charges | 65/66B | €146 | €235 | +€89 | +61.2% |
| Recurring financial charges | 65 | €146 | €235 | +€89 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | €18,568 | €7,374 | -€11,194 | -60.3% |
| Income taxes | 67/77 | €6,085 | €3,727 | -€2,357 | -38.7% |
| Profit (loss) for the period | 9904 | €12,483 | €3,646 | -€8,837 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,483 | €3,646 | -€8,837 | -70.8% |
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 8 October 2026 via checked.be.