CGLS: 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.
CGLS
Largest movements
- Current investments +€540,000
new in 2025: €540,000
- Cash +€8,048
up €8,048 (+419%), from €1,919 to €9,966
mainly Net result for the year (+€538,885) and Other debts (+€532,737)
- Other debts +€532,737
up €532,737 (+12,076%), from €4,411 to €537,148
- Profit (loss) carried forward +€13,374
up €13,374, from -€13,374 to €0
- Financial income +€490,087
up €490,087 (+372,576%), from €132 to €490,219
- Gross operating margin +€73,595
up €73,595, from -€10,329 to €63,266
- Taxes +€13,332
new in 2025: €13,332
- Depreciation -€740
down €740 (-100%), from €740 to €0
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 | €250,197 | €797,801 | +€547,604 | +219% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €242,550 | €242,550 | = | 0.0% |
| Financial fixed assets | 28 | €242,550 | €242,550 | = | 0.0% |
| Current assets | 29/58 | €7,647 | €555,251 | +€547,604 | +7,161% |
| Amounts receivable after more than one year | 29 | €5,107 | €5,260 | +€153 | +3.0% |
| Other amounts receivable | 291 | €5,107 | €5,260 | +€153 | +3.0% |
| Amounts receivable within one year | 40/41 | €622 | €25 | -€597 | -96.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €622 | €25 | -€597 | -96.0% |
| Current investments | 50/53 | - | €540,000 | +€540,000 | |
| Cash at bank and in hand | 54/58 | €1,919 | €9,966 | +€8,048 | +419% |
| Total equity and liabilities | 10/49 | €250,197 | €797,801 | +€547,604 | +219% |
| Equity | 10/15 | -€8,374 | €5,512 | +€13,885 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €512 | +€512 | |
| Distributable reserves | 133 | - | €512 | +€512 | |
| Profit (loss) carried forward | 14 | -€13,374 | €0 | +€13,374 | |
| Amounts payable | 17/49 | €258,571 | €792,289 | +€533,719 | +206% |
| Amounts payable after more than one year | 17 | €253,000 | €253,000 | = | 0.0% |
| Financial debts | 170/4 | €253,000 | €253,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,228 | €539,255 | +€534,027 | +10,215% |
| Trade debts | 44 | €816 | €1,119 | +€303 | +37.1% |
| Suppliers | 440/4 | €816 | €1,119 | +€303 | +37.1% |
| Taxes, remuneration and social security | 45 | - | €988 | +€988 | |
| Taxes | 450/3 | - | €988 | +€988 | |
| Other amounts payable | 47/48 | €4,411 | €537,148 | +€532,737 | +12,076% |
| Accrued charges and deferred income | 492/3 | €343 | €34 | -€309 | -90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €740 | €0 | -€740 | -100% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€10,329 | €63,266 | +€73,595 | |
| Operating profit (loss) | 9901 | -€11,582 | €62,738 | +€74,320 | |
| Financial income | 75/76B | €132 | €490,219 | +€490,087 | +372,576% |
| Recurring financial income | 75 | €132 | €490,219 | +€490,087 | +372,576% |
| Financial charges | 65/66B | €652 | €740 | +€89 | +13.6% |
| Recurring financial charges | 65 | €652 | €740 | +€89 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,102 | €552,217 | +€564,319 | |
| Income taxes | 67/77 | - | €13,332 | +€13,332 | |
| Profit (loss) for the period | 9904 | -€12,102 | €538,885 | +€550,987 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,102 | €538,885 | +€550,987 |
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 23 October 2026 via checked.be.