CGMS: what changed
Two fiscal 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.
CGMS
Largest movements
- Cash +€2,097
up €2,097 (+35.8%), from €5,860 to €7,956
mainly Net result for the year (+€16,741)
- Receivables within one year +€900
up €900 (+39.5%), from €2,280 to €3,181
of which Trade receivables: +€540
- Profit (loss) carried forward +€16,741
up €16,741 (+8.2%), from -€203,816 to -€187,075
- Other debts -€13,743
down €13,743 (-7.0%), from €196,214 to €182,471
- Turnover +€708
up €708 (+2.6%), from €27,680 to €28,388
- Gross operating margin +€706
up €706 (+4.0%), from €17,430 to €18,135
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 | €12,850 | €15,847 | +€2,997 | +23.3% |
| Fixed assets | 21/28 | €4,710 | €4,710 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,735 | €1,735 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,735 | €1,735 | = | 0.0% |
| Financial fixed assets | 28 | €2,975 | €2,975 | = | 0.0% |
| Current assets | 29/58 | €8,140 | €11,137 | +€2,997 | +36.8% |
| Amounts receivable within one year | 40/41 | €2,280 | €3,181 | +€900 | +39.5% |
| Trade receivables | 40 | €1,950 | €2,490 | +€540 | +27.7% |
| Other amounts receivable | 41 | €330 | €691 | +€360 | +109.1% |
| Cash at bank and in hand | 54/58 | €5,860 | €7,956 | +€2,097 | +35.8% |
| Total equity and liabilities | 10/49 | €12,850 | €15,847 | +€2,997 | +23.3% |
| Equity | 10/15 | -€183,364 | -€166,624 | +€16,741 | +9.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€203,816 | -€187,075 | +€16,741 | +8.2% |
| Amounts payable | 17/49 | €196,214 | €182,471 | -€13,743 | -7.0% |
| Amounts payable within one year | 42/48 | €196,214 | €182,471 | -€13,743 | -7.0% |
| Other amounts payable | 47/48 | €196,214 | €182,471 | -€13,743 | -7.0% |
| Turnover | 70 | €27,680 | €28,388 | +€708 | +2.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,250 | €10,252 | +€2 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79 | €0 | -€79 | -100.0% |
| Other operating charges | 640/8 | €1,204 | €1,234 | +€30 | +2.5% |
| Gross operating margin | 9900 | €17,430 | €18,135 | +€706 | +4.0% |
| Operating profit (loss) | 9901 | €16,146 | €16,901 | +€755 | +4.7% |
| Financial income | 75/76B | €6 | €16 | +€10 | +175.9% |
| Recurring financial income | 75 | €6 | €16 | +€10 | +175.9% |
| Financial charges | 65/66B | €176 | €176 | = | 0.0% |
| Recurring financial charges | 65 | €176 | €176 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €15,976 | €16,741 | +€765 | +4.8% |
| Profit (loss) for the period | 9904 | €15,976 | €16,741 | +€765 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,976 | €16,741 | +€765 | +4.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.