CGMT: 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.
CGMT
Largest movements
- Intangible fixed assets -€170,000
down €170,000 (-92.3%), from €184,167 to €14,167
- Cash +€112,302
up €112,302 (+97.8%), from €114,835 to €227,137
mainly Depreciation (+€193,920) and Net result for the year (+€161,017)
- Receivables within one year -€27,193
down €27,193 (-5.2%), from €519,753 to €492,560
of which Trade receivables: -€37,640
- Tangible fixed assets -€16,157
down €16,157 (-19.9%), from €81,202 to €65,045
of which Furniture and vehicles: -€15,036
- Reserves +€161,017
up €161,017 (+59.0%), from €272,743 to €433,760
of which Distributable reserves: +€161,017
- Debts after one year -€134,263
down €134,263 (-100%), from €134,263 to €0
- Trade debts -€127,029
down €127,029 (-23.9%), from €531,816 to €404,787
- Short-term financial debts -€74,998
down €74,998 (-83.6%), from €89,754 to €14,757
of which Other loans: -€75,000
- Tax, wage and social debts +€67,718
up €67,718 (+88.6%), from €76,419 to €144,137
of which Taxes: +€58,870
- Gross operating margin +€54,667
up €54,667 (+10.0%), from €549,276 to €603,943
- Taxes +€24,822
up €24,822 (+67.2%), from €36,940 to €61,762
- Staff costs -€12,967
down €12,967 (-6.9%), from €186,836 to €173,869
- Financial income -€9,221
down €9,221 (-63.0%), from €14,633 to €5,412
- Financial charges -€9,167
down €9,167 (-39.5%), from €23,237 to €14,070
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 | €1,571,701 | €1,474,497 | -€97,204 | -6.2% |
| Fixed assets | 21/28 | €265,503 | €79,347 | -€186,157 | -70.1% |
| Intangible fixed assets | 21 | €184,167 | €14,167 | -€170,000 | -92.3% |
| Tangible fixed assets | 22/27 | €81,202 | €65,045 | -€16,157 | -19.9% |
| Plant, machinery and equipment | 23 | €6,057 | €4,937 | -€1,120 | -18.5% |
| Furniture and vehicles | 24 | €75,145 | €60,109 | -€15,036 | -20.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,306,197 | €1,395,150 | +€88,952 | +6.8% |
| Stocks and contracts in progress | 3 | €654,363 | €663,276 | +€8,913 | +1.4% |
| Stocks | 30/36 | €654,363 | €663,276 | +€8,913 | +1.4% |
| Amounts receivable within one year | 40/41 | €519,753 | €492,560 | -€27,193 | -5.2% |
| Trade receivables | 40 | €351,117 | €313,476 | -€37,640 | -10.7% |
| Other amounts receivable | 41 | €168,637 | €179,084 | +€10,447 | +6.2% |
| Cash at bank and in hand | 54/58 | €114,835 | €227,137 | +€112,302 | +97.8% |
| Deferred charges and accrued income | 490/1 | €17,246 | €12,176 | -€5,069 | -29.4% |
| Total equity and liabilities | 10/49 | €1,571,701 | €1,474,497 | -€97,204 | -6.2% |
| Equity | 10/15 | €472,743 | €633,760 | +€161,017 | +34.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €272,743 | €433,760 | +€161,017 | +59.0% |
| Non-distributable reserves | 130/1 | €281 | €281 | = | 0.0% |
| Reserves not available under the articles | 1311 | €281 | €281 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €188,262 | €349,280 | +€161,017 | +85.5% |
| Amounts payable | 17/49 | €1,098,958 | €840,737 | -€258,221 | -23.5% |
| Amounts payable after more than one year | 17 | €134,263 | €0 | -€134,263 | -100% |
| Financial debts | 170/4 | €134,263 | €0 | -€134,263 | -100% |
| Amounts payable within one year | 42/48 | €964,695 | €828,681 | -€136,013 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €143,797 | €134,263 | -€9,533 | -6.6% |
| Financial debts | 43 | €89,754 | €14,757 | -€74,998 | -83.6% |
| Credit institutions | 430/8 | €14,754 | €14,757 | +€2 | 0.0% |
| Other loans | 439 | €75,000 | €0 | -€75,000 | -100% |
| Trade debts | 44 | €531,816 | €404,787 | -€127,029 | -23.9% |
| Suppliers | 440/4 | €531,816 | €404,787 | -€127,029 | -23.9% |
| Taxes, remuneration and social security | 45 | €76,419 | €144,137 | +€67,718 | +88.6% |
| Taxes | 450/3 | €54,392 | €113,262 | +€58,870 | +108% |
| Remuneration and social security | 454/9 | €22,028 | €30,875 | +€8,848 | +40.2% |
| Other amounts payable | 47/48 | €122,908 | €130,737 | +€7,829 | +6.4% |
| Accrued charges and deferred income | 492/3 | - | €12,055 | +€12,055 | |
| Remuneration, social security and pensions | 62 | €186,836 | €173,869 | -€12,967 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,207 | €193,920 | +€714 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€332 | €0 | +€332 | |
| Other operating charges | 640/8 | €6,706 | €4,405 | -€2,301 | -34.3% |
| Non-recurring operating charges | 66A | €10,827 | €311 | -€10,516 | -97.1% |
| Gross operating margin | 9900 | €549,276 | €603,943 | +€54,667 | +10.0% |
| Operating profit (loss) | 9901 | €152,031 | €231,438 | +€79,407 | +52.2% |
| Financial income | 75/76B | €14,633 | €5,412 | -€9,221 | -63.0% |
| Recurring financial income | 75 | €14,633 | €5,412 | -€9,221 | -63.0% |
| Financial charges | 65/66B | €23,237 | €14,070 | -€9,167 | -39.5% |
| Recurring financial charges | 65 | €23,237 | €14,070 | -€9,167 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €143,426 | €222,779 | +€79,353 | +55.3% |
| Income taxes | 67/77 | €36,940 | €61,762 | +€24,822 | +67.2% |
| Profit (loss) for the period | 9904 | €106,486 | €161,017 | +€54,531 | +51.2% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €0 | -€84,200 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €22,286 | €161,017 | +€138,731 | +622% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.