CGS: 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.
CGS
Largest movements
- Tangible fixed assets +€29,518
up €29,518 (+78.4%), from €37,646 to €67,164
of which Furniture and vehicles: +€37,382
- Cash +€1,511
up €1,511 (+19.6%), from €7,719 to €9,229
mainly Depreciation (+€19,259) and Current portion of long-term debt (+€18,795)
- Current portion of long-term debt +€18,795
up €18,795 (+446.4%), from €4,210 to €23,005
- Trade debts +€15,802
up €15,802 (+172.6%), from €9,157 to €24,958
- Profit (loss) carried forward -€5,669
down €5,669 (-49.6%), from -€11,428 to -€17,097
- Debts after one year +€5,648
up €5,648 (+36.3%), from €15,571 to €21,219
- Tax, wage and social debts -€1,495
down €1,495 (-61.9%), from €2,415 to €919
of which Taxes: -€895
- Gross operating margin +€28,076
up €28,076, from -€5,843 to €22,232
- Depreciation +€8,517
up €8,517 (+79.3%), from €10,741 to €19,259
- Staff costs -€4,590
down €4,590 (-57.6%), from €7,973 to €3,383
- Financial charges +€1,849
up €1,849 (+84.4%), from €2,191 to €4,040
- Other operating charges -€898
down €898 (-61.0%), from €1,472 to €574
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 | €95,853 | €128,380 | +€32,527 | +33.9% |
| Fixed assets | 21/28 | €39,196 | €68,004 | +€28,808 | +73.5% |
| Intangible fixed assets | 21 | €1,550 | €840 | -€710 | -45.8% |
| Tangible fixed assets | 22/27 | €37,646 | €67,164 | +€29,518 | +78.4% |
| Plant, machinery and equipment | 23 | €14,433 | €8,611 | -€5,822 | -40.3% |
| Furniture and vehicles | 24 | €6,376 | €43,758 | +€37,382 | +586.3% |
| Other tangible fixed assets | 26 | €16,837 | €14,796 | -€2,041 | -12.1% |
| Current assets | 29/58 | €56,657 | €60,375 | +€3,718 | +6.6% |
| Stocks and contracts in progress | 3 | €3,500 | €4,250 | +€750 | +21.4% |
| Stocks | 30/36 | €3,500 | €4,250 | +€750 | +21.4% |
| Amounts receivable within one year | 40/41 | €43,875 | €44,861 | +€986 | +2.2% |
| Trade receivables | 40 | €27,511 | €28,202 | +€691 | +2.5% |
| Other amounts receivable | 41 | €16,365 | €16,659 | +€295 | +1.8% |
| Cash at bank and in hand | 54/58 | €7,719 | €9,229 | +€1,511 | +19.6% |
| Deferred charges and accrued income | 490/1 | €1,563 | €2,035 | +€472 | +30.2% |
| Total equity and liabilities | 10/49 | €95,853 | €128,380 | +€32,527 | +33.9% |
| Equity | 10/15 | €38,172 | €32,503 | -€5,669 | -14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,000 | €31,000 | = | 0.0% |
| Distributable reserves | 133 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,428 | -€17,097 | -€5,669 | -49.6% |
| Amounts payable | 17/49 | €57,681 | €95,876 | +€38,195 | +66.2% |
| Amounts payable after more than one year | 17 | €15,571 | €21,219 | +€5,648 | +36.3% |
| Financial debts | 170/4 | €15,571 | €21,219 | +€5,648 | +36.3% |
| Amounts payable within one year | 42/48 | €42,110 | €74,658 | +€32,548 | +77.3% |
| Current portion of amounts payable after more than one year | 42 | €4,210 | €23,005 | +€18,795 | +446.4% |
| Trade debts | 44 | €9,157 | €24,958 | +€15,802 | +172.6% |
| Suppliers | 440/4 | €9,157 | €24,958 | +€15,802 | +172.6% |
| Taxes, remuneration and social security | 45 | €2,415 | €919 | -€1,495 | -61.9% |
| Taxes | 450/3 | €1,541 | €646 | -€895 | -58.1% |
| Remuneration and social security | 454/9 | €874 | €274 | -€600 | -68.7% |
| Other amounts payable | 47/48 | €26,329 | €25,775 | -€553 | -2.1% |
| Remuneration, social security and pensions | 62 | €7,973 | €3,383 | -€4,590 | -57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,741 | €19,259 | +€8,517 | +79.3% |
| Other operating charges | 640/8 | €1,472 | €574 | -€898 | -61.0% |
| Gross operating margin | 9900 | -€5,843 | €22,232 | +€28,076 | |
| Operating profit (loss) | 9901 | -€26,030 | -€983 | +€25,047 | +96.2% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €2,191 | €4,040 | +€1,849 | +84.4% |
| Recurring financial charges | 65 | €2,191 | €4,040 | +€1,849 | +84.4% |
| Profit (loss) for the period before taxes | 9903 | -€28,212 | -€5,023 | +€23,188 | +82.2% |
| Income taxes | 67/77 | - | €646 | +€646 | |
| Profit (loss) for the period | 9904 | -€28,212 | -€5,669 | +€22,543 | +79.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,212 | -€5,669 | +€22,543 | +79.9% |
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 11 October 2026 via checked.be.