CGM: what changed
CGM
Largest movements
- Receivables within one year -€2,004
down €2,004 (-75.2%), from €2,666 to €662
of which Trade receivables: -€2,303
- Cash -€1,969
down €1,969 (-55.8%), from €3,528 to €1,558
mainly Net result for the year (-€3,325) and Trade debts (-€1,020)
- Tangible fixed assets -€571
down €571 (-48.1%), from €1,187 to €616
of which Furniture and vehicles: -€357
- Profit (loss) carried forward -€3,325
down €3,325 (-24.6%), from -€13,521 to -€16,846
- Trade debts -€1,020
down €1,020 (-89.2%), from €1,144 to €124
- Tax, wage and social debts -€99
no longer reported in 2024 (was €99)
- Other debts -€96
down €96 (-8.3%), from €1,153 to €1,057
- Gross operating margin +€11,590
up €11,590 (+81.8%), from -€14,166 to -€2,576
- Other operating charges -€1,188
down €1,188 (-90.6%), from €1,312 to €124
- Financial charges -€191
down €191 (-78.0%), from €245 to €54
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,415 | €2,836 | -€4,579 | -61.8% |
| Fixed assets | 21/28 | €1,187 | €616 | -€571 | -48.1% |
| Tangible fixed assets | 22/27 | €1,187 | €616 | -€571 | -48.1% |
| Plant, machinery and equipment | 23 | €710 | €496 | -€214 | -30.1% |
| Furniture and vehicles | 24 | €477 | €119 | -€357 | -75.0% |
| Current assets | 29/58 | €6,228 | €2,220 | -€4,008 | -64.4% |
| Amounts receivable within one year | 40/41 | €2,666 | €662 | -€2,004 | -75.2% |
| Trade receivables | 40 | €2,666 | €363 | -€2,303 | -86.4% |
| Other amounts receivable | 41 | - | €299 | +€299 | |
| Cash at bank and in hand | 54/58 | €3,528 | €1,558 | -€1,969 | -55.8% |
| Deferred charges and accrued income | 490/1 | €35 | - | -€35 | |
| Total equity and liabilities | 10/49 | €7,415 | €2,836 | -€4,579 | -61.8% |
| Equity | 10/15 | €4,979 | €1,654 | -€3,325 | -66.8% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Capital | 10 | €18,500 | €18,500 | = | 0.0% |
| Issued capital | 100 | €18,500 | €18,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,521 | -€16,846 | -€3,325 | -24.6% |
| Amounts payable | 17/49 | €2,436 | €1,181 | -€1,254 | -51.5% |
| Amounts payable within one year | 42/48 | €2,397 | €1,181 | -€1,215 | -50.7% |
| Trade debts | 44 | €1,144 | €124 | -€1,020 | -89.2% |
| Suppliers | 440/4 | €1,144 | €124 | -€1,020 | -89.2% |
| Taxes, remuneration and social security | 45 | €99 | - | -€99 | |
| Taxes | 450/3 | €99 | - | -€99 | |
| Other amounts payable | 47/48 | €1,153 | €1,057 | -€96 | -8.3% |
| Accrued charges and deferred income | 492/3 | €39 | - | -€39 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €571 | €571 | = | 0.0% |
| Other operating charges | 640/8 | €1,312 | €124 | -€1,188 | -90.6% |
| Gross operating margin | 9900 | -€14,166 | -€2,576 | +€11,590 | +81.8% |
| Operating profit (loss) | 9901 | -€16,049 | -€3,271 | +€12,779 | +79.6% |
| Financial income | 75/76B | €83 | - | -€83 | |
| Recurring financial income | 75 | €83 | - | -€83 | |
| Financial charges | 65/66B | €245 | €54 | -€191 | -78.0% |
| Recurring financial charges | 65 | €245 | €54 | -€191 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,212 | -€3,325 | +€12,887 | +79.5% |
| Income taxes | 67/77 | -€107 | - | +€107 | |
| Profit (loss) for the period | 9904 | -€16,105 | -€3,325 | +€12,780 | +79.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,105 | -€3,325 | +€12,780 | +79.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.