CGR INVEST: 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.
CGR INVEST
Largest movements
- Cash -€21,611
down €21,611 (-12.5%), from €172,482 to €150,871
mainly Contributions, distributions and other (-€101,886) and Other debts (-€83,171)
- Tangible fixed assets -€18,666
down €18,666 (-20.3%), from €91,805 to €73,139
of which Furniture and vehicles: -€17,548
- Other debts -€83,171
down €83,171 (-45.9%), from €181,262 to €98,091
- Reserves +€35,769
up €35,769 (+6.4%), from €556,172 to €591,941
- Debts after one year -€19,925
down €19,925 (-31.3%), from €63,603 to €43,678
- Short-term financial debts +€16,826
new in 2025: €16,826
- Tax, wage and social debts +€9,434
up €9,434 (+122%), from €7,706 to €17,140
- Depreciation -€19,730
down €19,730 (-43.5%), from €45,389 to €25,658
- Gross operating margin -€12,143
down €12,143 (-5.0%), from €243,142 to €230,999
- Financial charges -€5,500
down €5,500 (-56.5%), from €9,739 to €4,239
- Taxes +€3,647
up €3,647 (+6.0%), from €61,125 to €64,772
- Financial income +€3,348
up €3,348 (+1,284%), from €261 to €3,609
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 | €849,742 | €808,510 | -€41,232 | -4.9% |
| Fixed assets | 21/28 | €369,005 | €350,339 | -€18,666 | -5.1% |
| Tangible fixed assets | 22/27 | €91,805 | €73,139 | -€18,666 | -20.3% |
| Plant, machinery and equipment | 23 | €3,303 | €2,184 | -€1,119 | -33.9% |
| Furniture and vehicles | 24 | €88,502 | €70,955 | -€17,548 | -19.8% |
| Financial fixed assets | 28 | €277,200 | €277,200 | = | 0.0% |
| Current assets | 29/58 | €480,736 | €458,170 | -€22,566 | -4.7% |
| Amounts receivable within one year | 40/41 | €8,938 | €8,938 | = | 0.0% |
| Other amounts receivable | 41 | €8,938 | €8,938 | = | 0.0% |
| Current investments | 50/53 | €298,768 | €297,639 | -€1,129 | -0.4% |
| Cash at bank and in hand | 54/58 | €172,482 | €150,871 | -€21,611 | -12.5% |
| Deferred charges and accrued income | 490/1 | €548 | €722 | +€174 | +31.8% |
| Total equity and liabilities | 10/49 | €849,742 | €808,510 | -€41,232 | -4.9% |
| Equity | 10/15 | €574,872 | €610,641 | +€35,769 | +6.2% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €556,172 | €591,941 | +€35,769 | +6.4% |
| Distributable reserves | 133 | €556,172 | €591,941 | +€35,769 | +6.4% |
| Amounts payable | 17/49 | €274,870 | €197,869 | -€77,001 | -28.0% |
| Amounts payable after more than one year | 17 | €63,603 | €43,678 | -€19,925 | -31.3% |
| Financial debts | 170/4 | €63,603 | €43,678 | -€19,925 | -31.3% |
| Amounts payable within one year | 42/48 | €211,267 | €154,191 | -€57,076 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €19,278 | €19,925 | +€646 | +3.4% |
| Financial debts | 43 | - | €16,826 | +€16,826 | |
| Credit institutions | 430/8 | - | €16,826 | +€16,826 | |
| Trade debts | 44 | €3,020 | €2,209 | -€811 | -26.9% |
| Suppliers | 440/4 | €3,020 | €2,209 | -€811 | -26.9% |
| Taxes, remuneration and social security | 45 | €7,706 | €17,140 | +€9,434 | +122% |
| Taxes | 450/3 | €7,706 | €17,140 | +€9,434 | +122% |
| Other amounts payable | 47/48 | €181,262 | €98,091 | -€83,171 | -45.9% |
| Non-recurring operating income | 76A | €20,700 | - | -€20,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,389 | €25,658 | -€19,730 | -43.5% |
| Other operating charges | 640/8 | €2,083 | €2,285 | +€202 | +9.7% |
| Gross operating margin | 9900 | €243,142 | €230,999 | -€12,143 | -5.0% |
| Operating profit (loss) | 9901 | €195,671 | €203,056 | +€7,385 | +3.8% |
| Financial income | 75/76B | €261 | €3,609 | +€3,348 | +1,284% |
| Recurring financial income | 75 | €261 | €3,609 | +€3,348 | +1,284% |
| Financial charges | 65/66B | €9,739 | €4,239 | -€5,500 | -56.5% |
| Recurring financial charges | 65 | €9,739 | €4,239 | -€5,500 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €186,193 | €202,427 | +€16,234 | +8.7% |
| Income taxes | 67/77 | €61,125 | €64,772 | +€3,647 | +6.0% |
| Profit (loss) for the period | 9904 | €125,067 | €137,654 | +€12,587 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €125,067 | €137,654 | +€12,587 | +10.1% |
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 27 October 2026 via checked.be.