CGROUP COMMUNICATION: 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.
CGROUP COMMUNICATION
Largest movements
- Receivables within one year -€18,041
down €18,041 (-20.1%), from €89,851 to €71,809
of which Trade receivables: -€34,347
- Cash -€16,113
down €16,113 (-97.6%), from €16,516 to €403
mainly Net result for the year (-€71,350) and Deferred charges and accrued income (-€12,175)
- Deferred charges and accrued income +€12,175
up €12,175 (+317.9%), from €3,829 to €16,004
- Receivables after one year -€10,369
no longer reported in 2025 (was €10,369)
- Current investments -€2,044
down €2,044 (-66.6%), from €3,071 to €1,027
- Profit (loss) carried forward -€71,350
down €71,350, from €37,503 to -€33,847
- Trade debts +€28,908
up €28,908 (+112.7%), from €25,652 to €54,561
- Other debts +€12,503
up €12,503 (+40.9%), from €30,535 to €43,038
- Short-term financial debts +€10,350
new in 2025: €10,350
- Debts after one year -€7,999
down €7,999 (-56.6%), from €14,131 to €6,131
- Gross operating margin -€68,889
down €68,889, from €29,179 to -€39,710
- Other operating charges +€11,160
up €11,160 (+118.4%), from €9,422 to €20,582
- Taxes -€7,730
down €7,730, from €6,819 to -€911
- Write-downs +€6,920
new in 2025: €6,920
- Financial income -€2,523
down €2,523 (-60.4%), from €4,175 to €1,652
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 | €190,768 | €156,932 | -€33,835 | -17.7% |
| Fixed assets | 21/28 | €67,131 | €67,688 | +€557 | +0.8% |
| Tangible fixed assets | 22/27 | €2,264 | €2,822 | +€557 | +24.6% |
| Furniture and vehicles | 24 | €2,264 | €2,822 | +€557 | +24.6% |
| Financial fixed assets | 28 | €64,867 | €64,867 | = | 0.0% |
| Current assets | 29/58 | €123,636 | €89,244 | -€34,393 | -27.8% |
| Amounts receivable after more than one year | 29 | €10,369 | - | -€10,369 | |
| Other amounts receivable | 291 | €10,369 | - | -€10,369 | |
| Amounts receivable within one year | 40/41 | €89,851 | €71,809 | -€18,041 | -20.1% |
| Trade receivables | 40 | €74,909 | €40,562 | -€34,347 | -45.9% |
| Other amounts receivable | 41 | €14,941 | €31,247 | +€16,306 | +109.1% |
| Current investments | 50/53 | €3,071 | €1,027 | -€2,044 | -66.6% |
| Cash at bank and in hand | 54/58 | €16,516 | €403 | -€16,113 | -97.6% |
| Deferred charges and accrued income | 490/1 | €3,829 | €16,004 | +€12,175 | +317.9% |
| Total equity and liabilities | 10/49 | €190,768 | €156,932 | -€33,835 | -17.7% |
| Equity | 10/15 | €106,203 | €34,853 | -€71,350 | -67.2% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €62,200 | €62,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €60,300 | €60,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,503 | -€33,847 | -€71,350 | |
| Amounts payable | 17/49 | €84,565 | €122,079 | +€37,514 | +44.4% |
| Amounts payable after more than one year | 17 | €14,131 | €6,131 | -€7,999 | -56.6% |
| Financial debts | 170/4 | €14,131 | €6,131 | -€7,999 | -56.6% |
| Amounts payable within one year | 42/48 | €69,189 | €115,948 | +€46,759 | +67.6% |
| Current portion of amounts payable after more than one year | 42 | €7,802 | €7,999 | +€197 | +2.5% |
| Financial debts | 43 | - | €10,350 | +€10,350 | |
| Credit institutions | 430/8 | - | €10,350 | +€10,350 | |
| Trade debts | 44 | €25,652 | €54,561 | +€28,908 | +112.7% |
| Suppliers | 440/4 | €25,652 | €54,561 | +€28,908 | +112.7% |
| Taxes, remuneration and social security | 45 | €5,200 | - | -€5,200 | |
| Taxes | 450/3 | €5,200 | - | -€5,200 | |
| Other amounts payable | 47/48 | €30,535 | €43,038 | +€12,503 | +40.9% |
| Accrued charges and deferred income | 492/3 | €1,245 | - | -€1,245 | |
| Non-recurring operating income | 76A | €8,264 | - | -€8,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,784 | €1,741 | -€1,043 | -37.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,920 | +€6,920 | |
| Other operating charges | 640/8 | €9,422 | €20,582 | +€11,160 | +118.4% |
| Non-recurring operating charges | 66A | €96 | - | -€96 | |
| Gross operating margin | 9900 | €29,179 | -€39,710 | -€68,889 | |
| Operating profit (loss) | 9901 | €16,876 | -€68,953 | -€85,828 | |
| Financial income | 75/76B | €4,175 | €1,652 | -€2,523 | -60.4% |
| Recurring financial income | 75 | €4,175 | €1,652 | -€2,523 | -60.4% |
| Financial charges | 65/66B | €3,514 | €4,960 | +€1,445 | +41.1% |
| Recurring financial charges | 65 | €3,514 | €4,960 | +€1,445 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €17,536 | -€72,261 | -€89,797 | |
| Income taxes | 67/77 | €6,819 | -€911 | -€7,730 | |
| Profit (loss) for the period | 9904 | €10,717 | -€71,350 | -€82,067 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,717 | -€71,350 | -€82,067 |
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 4 October 2026 via checked.be.