CGM DESIGN: 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.
CGM DESIGN
Largest movements
- Stocks and contracts -€1,870
down €1,870 (-82.9%), from €2,255 to €385
- Receivables within one year +€870
up €870 (+3.3%), from €26,646 to €27,515
of which Other amounts receivable: +€3,048
- Short-term financial debts +€21,463
up €21,463 (+174%), from €12,349 to €33,812
- Profit (loss) carried forward -€19,782
down €19,782, from €6,524 to -€13,258
- Advances received -€1,476
no longer reported in 2025 (was €1,476)
- Accrued charges and deferred income -€1,150
down €1,150 (-97.9%), from €1,175 to €25
- Turnover -€36,049
down €36,049 (-54.0%), from €66,698 to €30,649
- Gross operating margin -€32,218
down €32,218, from €15,316 to -€16,902
- Purchases and services -€3,831
down €3,831 (-7.5%), from €51,382 to €47,551
- Depreciation -€1,806
down €1,806 (-100%), from €1,806 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 | €28,937 | €27,931 | -€1,006 | -3.5% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Current assets | 29/58 | €28,937 | €27,931 | -€1,006 | -3.5% |
| Stocks and contracts in progress | 3 | €2,255 | €385 | -€1,870 | -82.9% |
| Stocks | 30/36 | €2,255 | €385 | -€1,870 | -82.9% |
| Amounts receivable within one year | 40/41 | €26,646 | €27,515 | +€870 | +3.3% |
| Trade receivables | 40 | €3,810 | €1,631 | -€2,178 | -57.2% |
| Other amounts receivable | 41 | €22,836 | €25,884 | +€3,048 | +13.3% |
| Cash at bank and in hand | 54/58 | €36 | €31 | -€6 | -15.9% |
| Total equity and liabilities | 10/49 | €28,937 | €27,931 | -€1,006 | -3.5% |
| Equity | 10/15 | €13,431 | -€6,351 | -€19,782 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €707 | €707 | = | 0.0% |
| Non-distributable reserves | 130/1 | €707 | €707 | = | 0.0% |
| Legal reserve | 130 | €707 | €707 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,524 | -€13,258 | -€19,782 | |
| Amounts payable | 17/49 | €15,506 | €34,282 | +€18,776 | +121% |
| Amounts payable within one year | 42/48 | €14,331 | €34,257 | +€19,926 | +139% |
| Financial debts | 43 | €12,349 | €33,812 | +€21,463 | +174% |
| Credit institutions | 430/8 | €12,349 | €33,812 | +€21,463 | +174% |
| Trade debts | 44 | €506 | €445 | -€61 | -12.0% |
| Suppliers | 440/4 | €506 | €445 | -€61 | -12.0% |
| Advances received on contracts in progress | 46 | €1,476 | - | -€1,476 | |
| Accrued charges and deferred income | 492/3 | €1,175 | €25 | -€1,150 | -97.9% |
| Turnover | 70 | €66,698 | €30,649 | -€36,049 | -54.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €51,382 | €47,551 | -€3,831 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,806 | €0 | -€1,806 | -100% |
| Other operating charges | 640/8 | €349 | €149 | -€200 | -57.3% |
| Gross operating margin | 9900 | €15,316 | -€16,902 | -€32,218 | |
| Operating profit (loss) | 9901 | €13,162 | -€17,051 | -€30,212 | |
| Financial income | 75/76B | €412 | €1 | -€411 | -99.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -27.9% |
| Non-recurring financial income | 76B | €412 | €1 | -€411 | -99.8% |
| Financial charges | 65/66B | €2,283 | €2,733 | +€449 | +19.7% |
| Recurring financial charges | 65 | €1,261 | €2,679 | +€1,418 | +112% |
| Non-recurring financial charges | 66B | €1,022 | €54 | -€969 | -94.8% |
| Profit (loss) for the period before taxes | 9903 | €11,290 | -€19,782 | -€31,072 | |
| Income taxes | 67/77 | €0 | €0 | -€0 | -77.3% |
| Profit (loss) for the period | 9904 | €11,290 | -€19,782 | -€31,072 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,290 | -€19,782 | -€31,072 |
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 19 October 2026 via checked.be.