CGK: 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.
CGK
Largest movements
- Tangible fixed assets -€120,040
down €120,040 (-10.0%), from €1.2m to €1.1m
of which Plant, machinery and equipment: -€67,540
- Receivables within one year +€112,917
up €112,917 (+72.3%), from €156,213 to €269,130
of which Trade receivables: +€96,325
- Debts after one year -€108,213
down €108,213 (-14.1%), from €766,681 to €658,468
of which Financial debts: -€108,213
- Trade debts +€60,637
up €60,637 (+64.9%), from €93,459 to €154,096
- Reserves +€35,771
up €35,771 (+18.5%), from €193,740 to €229,511
- Depreciation +€45,587
up €45,587 (+53.6%), from €85,071 to €130,658
- Taxes -€9,640
down €9,640 (-32.7%), from €29,474 to €19,834
- Financial charges +€9,563
up €9,563 (+55.5%), from €17,241 to €26,804
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 | €1,391,901 | €1,378,903 | -€12,999 | -0.9% |
| Fixed assets | 21/28 | €1,195,575 | €1,075,534 | -€120,040 | -10.0% |
| Tangible fixed assets | 22/27 | €1,195,575 | €1,075,534 | -€120,040 | -10.0% |
| Land and buildings | 22 | €481,563 | €419,980 | -€61,584 | -12.8% |
| Plant, machinery and equipment | 23 | €534,129 | €466,589 | -€67,540 | -12.6% |
| Furniture and vehicles | 24 | €68,304 | €49,780 | -€18,524 | -27.1% |
| Leasing and similar rights | 25 | €111,578 | €97,578 | -€14,000 | -12.5% |
| Other tangible fixed assets | 26 | - | €41,607 | +€41,607 | |
| Current assets | 29/58 | €196,327 | €303,368 | +€107,042 | +54.5% |
| Stocks and contracts in progress | 3 | €623 | €629 | +€5 | +0.8% |
| Stocks | 30/36 | €623 | €629 | +€5 | +0.8% |
| Amounts receivable within one year | 40/41 | €156,213 | €269,130 | +€112,917 | +72.3% |
| Trade receivables | 40 | €148,166 | €244,491 | +€96,325 | +65.0% |
| Other amounts receivable | 41 | €8,047 | €24,639 | +€16,592 | +206.2% |
| Cash at bank and in hand | 54/58 | €37,695 | €25,610 | -€12,086 | -32.1% |
| Deferred charges and accrued income | 490/1 | €1,795 | €8,000 | +€6,205 | +345.7% |
| Total equity and liabilities | 10/49 | €1,391,901 | €1,378,903 | -€12,999 | -0.9% |
| Equity | 10/15 | €284,900 | €320,671 | +€35,771 | +12.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €193,740 | €229,511 | +€35,771 | +18.5% |
| Distributable reserves | 133 | €193,740 | €229,511 | +€35,771 | +18.5% |
| Profit (loss) carried forward | 14 | €31,160 | €31,160 | = | 0.0% |
| Amounts payable | 17/49 | €1,107,001 | €1,058,231 | -€48,770 | -4.4% |
| Amounts payable after more than one year | 17 | €766,681 | €658,468 | -€108,213 | -14.1% |
| Financial debts | 170/4 | €472,881 | €364,668 | -€108,213 | -22.9% |
| Other amounts payable | 178/9 | €293,800 | €293,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €337,160 | €396,441 | +€59,282 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €102,841 | €106,648 | +€3,807 | +3.7% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Credit institutions | 430/8 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €93,459 | €154,096 | +€60,637 | +64.9% |
| Suppliers | 440/4 | €93,459 | €154,096 | +€60,637 | +64.9% |
| Taxes, remuneration and social security | 45 | €15,389 | €23,740 | +€8,351 | +54.3% |
| Taxes | 450/3 | €15,389 | €23,740 | +€8,351 | +54.3% |
| Other amounts payable | 47/48 | €115,471 | €101,958 | -€13,514 | -11.7% |
| Accrued charges and deferred income | 492/3 | €3,160 | €3,322 | +€161 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,071 | €130,658 | +€45,587 | +53.6% |
| Other operating charges | 640/8 | €9,327 | €10,197 | +€869 | +9.3% |
| Gross operating margin | 9900 | €222,671 | €222,601 | -€70 | 0.0% |
| Operating profit (loss) | 9901 | €128,273 | €81,746 | -€46,527 | -36.3% |
| Financial income | 75/76B | €852 | €663 | -€189 | -22.2% |
| Recurring financial income | 75 | €852 | €663 | -€189 | -22.2% |
| Financial charges | 65/66B | €17,241 | €26,804 | +€9,563 | +55.5% |
| Recurring financial charges | 65 | €17,241 | €26,804 | +€9,563 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | €111,883 | €55,605 | -€56,278 | -50.3% |
| Income taxes | 67/77 | €29,474 | €19,834 | -€9,640 | -32.7% |
| Profit (loss) for the period | 9904 | €82,409 | €35,771 | -€46,638 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,409 | €35,771 | -€46,638 | -56.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.