CGN GROUPE: 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.
CGN GROUPE
Largest movements
- Tangible fixed assets +€290,351
up €290,351 (+518%), from €56,106 to €346,457
of which Land and buildings: +€273,000
- Cash +€58,213
up €58,213 (+41.1%), from €141,727 to €199,940
mainly Debts after one year (+€237,283) and Net result for the year (+€57,190)
- Receivables within one year +€57,926
up €57,926 (+53.7%), from €107,904 to €165,831
of which Trade receivables: +€44,386
- Receivables after one year -€54,608
down €54,608 (-99.3%), from €54,995 to €387
- Stocks and contracts -€9,774
no longer reported in 2025 (was €9,774)
- Debts after one year +€237,283
new in 2025: €237,283
- Profit (loss) carried forward +€57,190
up €57,190 (+24.7%), from €231,663 to €288,853
- Trade debts +€51,137
up €51,137 (+53.7%), from €95,193 to €146,330
of which Suppliers: +€95,955
- Other debts -€35,722
no longer reported in 2025 (was €35,722)
- Current portion of long-term debt +€23,263
new in 2025: €23,263
- Gross operating margin +€99,280
up €99,280 (+64.1%), from €154,794 to €254,075
- Depreciation +€31,457
up €31,457 (+247%), from €12,719 to €44,176
- Taxes +€27,949
new in 2025: €27,949
- Financial charges +€5,163
up €5,163 (+2,292%), from €225 to €5,388
- Financial income -€2,991
down €2,991 (-100.0%), from €2,991 to €1
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 | €383,179 | €716,121 | +€332,943 | +86.9% |
| Fixed assets | 21/28 | €59,406 | €349,757 | +€290,351 | +489% |
| Tangible fixed assets | 22/27 | €56,106 | €346,457 | +€290,351 | +518% |
| Land and buildings | 22 | - | €273,000 | +€273,000 | |
| Plant, machinery and equipment | 23 | €18,597 | €23,528 | +€4,931 | +26.5% |
| Furniture and vehicles | 24 | €37,508 | €49,928 | +€12,420 | +33.1% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €323,773 | €366,365 | +€42,592 | +13.2% |
| Amounts receivable after more than one year | 29 | €54,995 | €387 | -€54,608 | -99.3% |
| Other amounts receivable | 291 | €54,995 | €387 | -€54,608 | -99.3% |
| Stocks and contracts in progress | 3 | €9,774 | - | -€9,774 | |
| Stocks | 30/36 | €9,774 | - | -€9,774 | |
| Amounts receivable within one year | 40/41 | €107,904 | €165,831 | +€57,926 | +53.7% |
| Trade receivables | 40 | - | €44,386 | +€44,386 | |
| Other amounts receivable | 41 | €107,904 | €121,445 | +€13,540 | +12.5% |
| Cash at bank and in hand | 54/58 | €141,727 | €199,940 | +€58,213 | +41.1% |
| Deferred charges and accrued income | 490/1 | €9,372 | €206 | -€9,166 | -97.8% |
| Total equity and liabilities | 10/49 | €383,179 | €716,121 | +€332,943 | +86.9% |
| Equity | 10/15 | €252,055 | €309,245 | +€57,190 | +22.7% |
| Contributions | 10/11 | €20,392 | €20,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,663 | €288,853 | +€57,190 | +24.7% |
| Amounts payable | 17/49 | €131,124 | €406,877 | +€275,753 | +210% |
| Amounts payable after more than one year | 17 | - | €237,283 | +€237,283 | |
| Financial debts | 170/4 | - | €237,283 | +€237,283 | |
| Amounts payable within one year | 42/48 | €131,124 | €169,593 | +€38,469 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | - | €23,263 | +€23,263 | |
| Trade debts | 44 | €95,193 | €146,330 | +€51,137 | +53.7% |
| Suppliers | 440/4 | €50,375 | €146,330 | +€95,955 | +190% |
| Bills of exchange payable | 441 | €44,818 | - | -€44,818 | |
| Taxes, remuneration and social security | 45 | €208 | - | -€208 | |
| Taxes | 450/3 | €208 | - | -€208 | |
| Other amounts payable | 47/48 | €35,722 | - | -€35,722 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,719 | €44,176 | +€31,457 | +247% |
| Other operating charges | 640/8 | €16,452 | €15,864 | -€589 | -3.6% |
| Non-recurring operating charges | 66A | - | €103,508 | +€103,508 | |
| Gross operating margin | 9900 | €154,794 | €254,075 | +€99,280 | +64.1% |
| Operating profit (loss) | 9901 | €125,623 | €90,526 | -€35,096 | -27.9% |
| Financial income | 75/76B | €2,991 | €1 | -€2,991 | -100.0% |
| Recurring financial income | 75 | €2,991 | €1 | -€2,991 | -100.0% |
| Financial charges | 65/66B | €225 | €5,388 | +€5,163 | +2,292% |
| Recurring financial charges | 65 | €225 | €5,388 | +€5,163 | +2,292% |
| Profit (loss) for the period before taxes | 9903 | €128,389 | €85,139 | -€43,250 | -33.7% |
| Income taxes | 67/77 | - | €27,949 | +€27,949 | |
| Profit (loss) for the period | 9904 | €128,389 | €57,190 | -€71,199 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €128,389 | €57,190 | -€71,199 | -55.5% |
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 31 October 2026 via checked.be.