CGMCB: 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.
CGMCB
Largest movements
- Receivables within one year +€45,365
up €45,365 (+164%), from €27,679 to €73,044
of which Trade receivables: +€45,388
- Cash +€8,973
up €8,973 (+39.6%), from €22,635 to €31,608
mainly Net result for the year (+€39,677) and Trade debts (+€11,410)
- Deferred charges and accrued income +€1,660
up €1,660 (+437%), from €380 to €2,040
- Profit (loss) carried forward +€39,677
up €39,677 (+311%), from €12,754 to €52,431
- Trade debts +€11,410
up €11,410 (+238%), from €4,797 to €16,206
- Tax, wage and social debts +€7,279
up €7,279 (+32.9%), from €22,120 to €29,399
of which Taxes: +€13,866
- Other debts -€1,433
down €1,433 (-16.6%), from €8,618 to €7,184
- Gross operating margin +€38,171
up €38,171 (+202%), from €18,894 to €57,065
- Taxes +€6,758
up €6,758 (+122%), from €5,561 to €12,318
- Other operating charges +€2,255
new in 2025: €2,255
- Financial charges +€2,215
up €2,215 (+377%), from €587 to €2,801
of which Financial charges: +€1,815
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 | €50,789 | €107,721 | +€56,932 | +112% |
| Fixed assets | 21/28 | €95 | €1,029 | +€934 | +984% |
| Tangible fixed assets | 22/27 | - | €934 | +€934 | |
| Furniture and vehicles | 24 | - | €934 | +€934 | |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €50,694 | €106,692 | +€55,998 | +110% |
| Amounts receivable within one year | 40/41 | €27,679 | €73,044 | +€45,365 | +164% |
| Trade receivables | 40 | €27,625 | €73,013 | +€45,388 | +164% |
| Other amounts receivable | 41 | €54 | €32 | -€23 | -42.1% |
| Cash at bank and in hand | 54/58 | €22,635 | €31,608 | +€8,973 | +39.6% |
| Deferred charges and accrued income | 490/1 | €380 | €2,040 | +€1,660 | +437% |
| Total equity and liabilities | 10/49 | €50,789 | €107,721 | +€56,932 | +112% |
| Equity | 10/15 | €15,254 | €54,931 | +€39,677 | +260% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,754 | €52,431 | +€39,677 | +311% |
| Amounts payable | 17/49 | €35,535 | €52,790 | +€17,255 | +48.6% |
| Amounts payable within one year | 42/48 | €35,535 | €52,790 | +€17,255 | +48.6% |
| Trade debts | 44 | €4,797 | €16,206 | +€11,410 | +238% |
| Suppliers | 440/4 | €4,797 | €16,206 | +€11,410 | +238% |
| Taxes, remuneration and social security | 45 | €22,120 | €29,399 | +€7,279 | +32.9% |
| Taxes | 450/3 | €14,309 | €28,175 | +€13,866 | +96.9% |
| Remuneration and social security | 454/9 | €7,811 | €1,224 | -€6,587 | -84.3% |
| Other amounts payable | 47/48 | €8,618 | €7,184 | -€1,433 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €16 | +€16 | |
| Other operating charges | 640/8 | - | €2,255 | +€2,255 | |
| Gross operating margin | 9900 | €18,894 | €57,065 | +€38,171 | +202% |
| Operating profit (loss) | 9901 | €18,894 | €54,794 | +€35,901 | +190% |
| Financial income | 75/76B | €8 | €2 | -€6 | -74.9% |
| Recurring financial income | 75 | €8 | €2 | -€6 | -74.9% |
| Financial charges | 65/66B | €587 | €2,801 | +€2,215 | +377% |
| Recurring financial charges | 65 | €0 | €1,815 | +€1,815 | +1,814,900% |
| Non-recurring financial charges | 66B | €587 | €986 | +€400 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €18,315 | €51,995 | +€33,681 | +184% |
| Income taxes | 67/77 | €5,561 | €12,318 | +€6,758 | +122% |
| Profit (loss) for the period | 9904 | €12,754 | €39,677 | +€26,923 | +211% |
| Profit (loss) for the period to be appropriated | 9905 | €12,754 | €39,677 | +€26,923 | +211% |
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 17 October 2026 via checked.be.