CGIMO: 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.
CGIMO
Largest movements
- Tangible fixed assets +€13,260
up €13,260 (+3.6%), from €367,624 to €380,884
of which Land and buildings: +€6,990
- Cash -€7,448
down €7,448 (-95.7%), from €7,781 to €333
mainly Investment in fixed assets (net) (-€27,951) and Receivables within one year (-€4,132)
- Receivables within one year +€4,132
up €4,132 (+46.6%), from €8,871 to €13,003
of which Trade receivables: +€4,672
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€13,684
down €13,684 (-32.9%), from €41,644 to €27,960
- Taxes -€2,602
down €2,602 (-64.3%), from €4,045 to €1,443
- Depreciation +€1,639
up €1,639 (+12.0%), from €13,602 to €15,241
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.
Derived cash bridge
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 | €386,552 | €396,204 | +€9,653 | +2.5% |
| Fixed assets | 21/28 | €368,824 | €381,534 | +€12,710 | +3.4% |
| Tangible fixed assets | 22/27 | €367,624 | €380,884 | +€13,260 | +3.6% |
| Land and buildings | 22 | €367,624 | €374,614 | +€6,990 | +1.9% |
| Plant, machinery and equipment | 23 | - | €4,966 | +€4,966 | |
| Furniture and vehicles | 24 | - | €1,304 | +€1,304 | |
| Financial fixed assets | 28 | €1,200 | €650 | -€550 | -45.8% |
| Current assets | 29/58 | €17,728 | €14,670 | -€3,058 | -17.2% |
| Amounts receivable within one year | 40/41 | €8,871 | €13,003 | +€4,132 | +46.6% |
| Trade receivables | 40 | €4,747 | €9,419 | +€4,672 | +98.4% |
| Other amounts receivable | 41 | €4,124 | €3,585 | -€539 | -13.1% |
| Cash at bank and in hand | 54/58 | €7,781 | €333 | -€7,448 | -95.7% |
| Deferred charges and accrued income | 490/1 | €1,076 | €1,334 | +€258 | +23.9% |
| Total equity and liabilities | 10/49 | €386,552 | €396,204 | +€9,653 | +2.5% |
| Equity | 10/15 | €81,302 | €84,371 | +€3,069 | +3.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €15,123 | €15,123 | = | 0.0% |
| Distributable reserves | 133 | €15,123 | €15,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,179 | €19,248 | +€3,069 | +19.0% |
| Amounts payable | 17/49 | €305,250 | €311,833 | +€6,584 | +2.2% |
| Amounts payable after more than one year | 17 | €282,058 | €280,019 | -€2,039 | -0.7% |
| Financial debts | 170/4 | €282,058 | €280,019 | -€2,039 | -0.7% |
| Amounts payable within one year | 42/48 | €23,192 | €29,642 | +€6,450 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €16,775 | €19,793 | +€3,018 | +18.0% |
| Trade debts | 44 | €329 | €2,170 | +€1,841 | +559% |
| Suppliers | 440/4 | €329 | €2,170 | +€1,841 | +559% |
| Taxes, remuneration and social security | 45 | €573 | €573 | = | 0.0% |
| Taxes | 450/3 | €573 | €573 | = | 0.0% |
| Other amounts payable | 47/48 | €5,515 | €7,107 | +€1,592 | +28.9% |
| Accrued charges and deferred income | 492/3 | - | €2,172 | +€2,172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,602 | €15,241 | +€1,639 | +12.0% |
| Other operating charges | 640/8 | €4,092 | €4,256 | +€164 | +4.0% |
| Gross operating margin | 9900 | €41,644 | €27,960 | -€13,684 | -32.9% |
| Operating profit (loss) | 9901 | €23,950 | €8,463 | -€15,487 | -64.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €3,726 | €3,952 | +€226 | +6.1% |
| Recurring financial charges | 65 | €3,726 | €3,952 | +€226 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €20,224 | €4,512 | -€15,711 | -77.7% |
| Income taxes | 67/77 | €4,045 | €1,443 | -€2,602 | -64.3% |
| Profit (loss) for the period | 9904 | €16,179 | €3,069 | -€13,110 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,179 | €3,069 | -€13,110 | -81.0% |
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 13 October 2026 via checked.be.