CGMD CONCEPT: 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.
CGMD CONCEPT
Largest movements
- Receivables within one year -€10,240
down €10,240 (-71.1%), from €14,396 to €4,156
- Intangible fixed assets -€10,000
down €10,000 (-12.4%), from €80,466 to €70,466
- Cash -€2,060
down €2,060 (-9.8%), from €21,061 to €19,001
mainly Trade debts (-€15,990) and Net result for the year (-€7,185)
- Deferred charges and accrued income +€1,240
new in 2025: €1,240
- Stocks and contracts +€1,200
new in 2025: €1,200
- Trade debts -€15,990
down €15,990 (-84.3%), from €18,957 to €2,967
- Profit (loss) carried forward -€7,185
down €7,185, from €282 to -€6,903
- Tax, wage and social debts +€6,794
up €6,794 (+58.9%), from €11,543 to €18,337
of which Taxes: +€3,871
- Debts after one year -€2,497
down €2,497 (-5.8%), from €42,964 to €40,468
- Current portion of long-term debt -€2,225
down €2,225 (-16.5%), from €13,467 to €11,242
- Staff costs +€12,849
up €12,849 (+28.0%), from €45,815 to €58,664
- Gross operating margin +€980
up €980 (+1.5%), from €65,021 to €66,001
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.
Cash bridge derived
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 | €119,746 | €98,972 | -€20,774 | -17.3% |
| Fixed assets | 21/28 | €84,289 | €73,375 | -€10,914 | -12.9% |
| Intangible fixed assets | 21 | €80,466 | €70,466 | -€10,000 | -12.4% |
| Tangible fixed assets | 22/27 | €3,823 | €2,909 | -€914 | -23.9% |
| Plant, machinery and equipment | 23 | €1,937 | €1,538 | -€399 | -20.6% |
| Furniture and vehicles | 24 | €1,886 | €1,371 | -€515 | -27.3% |
| Current assets | 29/58 | €35,457 | €25,597 | -€9,860 | -27.8% |
| Stocks and contracts in progress | 3 | - | €1,200 | +€1,200 | |
| Stocks | 30/36 | - | €1,200 | +€1,200 | |
| Amounts receivable within one year | 40/41 | €14,396 | €4,156 | -€10,240 | -71.1% |
| Trade receivables | 40 | €14,396 | €4,156 | -€10,240 | -71.1% |
| Cash at bank and in hand | 54/58 | €21,061 | €19,001 | -€2,060 | -9.8% |
| Deferred charges and accrued income | 490/1 | - | €1,240 | +€1,240 | |
| Total equity and liabilities | 10/49 | €119,746 | €98,972 | -€20,774 | -17.3% |
| Equity | 10/15 | €2,782 | -€4,403 | -€7,185 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €282 | -€6,903 | -€7,185 | |
| Amounts payable | 17/49 | €116,965 | €103,375 | -€13,590 | -11.6% |
| Amounts payable after more than one year | 17 | €42,964 | €40,468 | -€2,497 | -5.8% |
| Financial debts | 170/4 | €42,964 | €40,468 | -€2,497 | -5.8% |
| Amounts payable within one year | 42/48 | €74,000 | €62,908 | -€11,093 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €13,467 | €11,242 | -€2,225 | -16.5% |
| Trade debts | 44 | €18,957 | €2,967 | -€15,990 | -84.3% |
| Suppliers | 440/4 | €18,957 | €2,967 | -€15,990 | -84.3% |
| Taxes, remuneration and social security | 45 | €11,543 | €18,337 | +€6,794 | +58.9% |
| Taxes | 450/3 | €4,598 | €8,469 | +€3,871 | +84.2% |
| Remuneration and social security | 454/9 | €6,945 | €9,868 | +€2,923 | +42.1% |
| Other amounts payable | 47/48 | €30,033 | €30,361 | +€328 | +1.1% |
| Remuneration, social security and pensions | 62 | €45,815 | €58,664 | +€12,849 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,381 | €10,914 | +€533 | +5.1% |
| Other operating charges | 640/8 | €302 | €331 | +€30 | +9.8% |
| Gross operating margin | 9900 | €65,021 | €66,001 | +€980 | +1.5% |
| Operating profit (loss) | 9901 | €8,524 | -€3,909 | -€12,433 | |
| Financial charges | 65/66B | €3,163 | €3,276 | +€113 | +3.6% |
| Recurring financial charges | 65 | €3,163 | €3,276 | +€113 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €5,361 | -€7,185 | -€12,545 | |
| Income taxes | 67/77 | €180 | - | -€180 | |
| Profit (loss) for the period | 9904 | €5,181 | -€7,185 | -€12,365 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,181 | -€7,185 | -€12,365 |
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 9 October 2026 via checked.be.