CGM GESTION: 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 GESTION
Largest movements
- Receivables within one year -€29,747
down €29,747 (-39.3%), from €75,698 to €45,950
- Cash +€27,662
up €27,662 (+101%), from €27,295 to €54,957
mainly Receivables within one year (+€29,747) and Net result for the year (+€10,507)
- Debts after one year -€13,556
down €13,556 (-8.6%), from €157,516 to €143,959
- Profit (loss) carried forward +€10,507
up €10,507 (+6.9%), from €152,475 to €162,983
- Accrued charges and deferred income +€9,954
up €9,954 (+180%), from €5,541 to €15,495
- Other debts -€6,101
down €6,101 (-3.4%), from €179,164 to €173,063
- Gross operating margin -€78,155
down €78,155 (-70.8%), from €110,456 to €32,301
- Taxes -€21,620
down €21,620 (-83.3%), from €25,967 to €4,347
- Financial charges +€8,243
up €8,243 (+97.3%), from €8,469 to €16,711
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €593,564 | €590,744 | -€2,821 | -0.5% |
| Fixed assets | 21/28 | €490,572 | €489,836 | -€735 | -0.1% |
| Tangible fixed assets | 22/27 | €2,192 | €1,456 | -€735 | -33.5% |
| Furniture and vehicles | 24 | €2,192 | €1,456 | -€735 | -33.5% |
| Financial fixed assets | 28 | €488,380 | €488,380 | = | 0.0% |
| Current assets | 29/58 | €102,993 | €100,908 | -€2,085 | -2.0% |
| Amounts receivable within one year | 40/41 | €75,698 | €45,950 | -€29,747 | -39.3% |
| Trade receivables | 40 | €75,698 | €45,950 | -€29,747 | -39.3% |
| Cash at bank and in hand | 54/58 | €27,295 | €54,957 | +€27,662 | +101% |
| Total equity and liabilities | 10/49 | €593,564 | €590,744 | -€2,821 | -0.5% |
| Equity | 10/15 | €172,475 | €182,983 | +€10,507 | +6.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,475 | €162,983 | +€10,507 | +6.9% |
| Amounts payable | 17/49 | €421,089 | €407,761 | -€13,328 | -3.2% |
| Amounts payable after more than one year | 17 | €157,516 | €143,959 | -€13,556 | -8.6% |
| Financial debts | 170/4 | €157,516 | €143,959 | -€13,556 | -8.6% |
| Amounts payable within one year | 42/48 | €258,033 | €248,307 | -€9,726 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €41,165 | €38,556 | -€2,609 | -6.3% |
| Trade debts | 44 | €836 | €983 | +€148 | +17.7% |
| Suppliers | 440/4 | €836 | €983 | +€148 | +17.7% |
| Taxes, remuneration and social security | 45 | €36,868 | €35,705 | -€1,163 | -3.2% |
| Taxes | 450/3 | €36,868 | €34,705 | -€2,163 | -5.9% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €179,164 | €173,063 | -€6,101 | -3.4% |
| Accrued charges and deferred income | 492/3 | €5,541 | €15,495 | +€9,954 | +180% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €749 | €735 | -€14 | -1.9% |
| Gross operating margin | 9900 | €110,456 | €32,301 | -€78,155 | -70.8% |
| Operating profit (loss) | 9901 | €109,707 | €31,565 | -€78,141 | -71.2% |
| Financial charges | 65/66B | €8,469 | €16,711 | +€8,243 | +97.3% |
| Recurring financial charges | 65 | €8,469 | €16,711 | +€8,243 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | €101,238 | €14,854 | -€86,384 | -85.3% |
| Income taxes | 67/77 | €25,967 | €4,347 | -€21,620 | -83.3% |
| Profit (loss) for the period | 9904 | €75,271 | €10,507 | -€64,763 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,271 | €10,507 | -€64,763 | -86.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.