CGS ACCOUNTING: 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 ACCOUNTING
Largest movements
- Cash +€39,826
up €39,826 (+96.9%), from €41,117 to €80,943
mainly Net result for the year (+€95,353) and Tax, wage and social debts (+€25,684)
- Tangible fixed assets +€35,920
up €35,920 (+191%), from €18,814 to €54,734
of which Furniture and vehicles: +€37,811
- Deferred charges and accrued income +€25,199
up €25,199 (+1,655%), from €1,522 to €26,721
- Receivables within one year +€11,482
up €11,482 (+37.1%), from €30,920 to €42,402
of which Trade receivables: +€12,727
- Profit (loss) carried forward +€95,353
up €95,353 (+265%), from €35,955 to €131,307
- Tax, wage and social debts +€25,684
up €25,684 (+108%), from €23,831 to €49,516
of which Taxes: +€25,412
- Trade debts -€10,986
down €10,986 (-33.5%), from €32,826 to €21,840
- Accrued charges and deferred income +€2,206
up €2,206 (+2,836%), from €78 to €2,284
- Gross operating margin +€89,079
up €89,079 (+125%), from €70,985 to €160,064
- Taxes +€17,662
up €17,662 (+275%), from €6,414 to €24,077
- Staff costs -€1,917
down €1,917 (-6.3%), from €30,532 to €28,615
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 | €94,073 | €206,500 | +€112,427 | +120% |
| Fixed assets | 21/28 | €20,514 | €56,434 | +€35,920 | +175% |
| Tangible fixed assets | 22/27 | €18,814 | €54,734 | +€35,920 | +191% |
| Furniture and vehicles | 24 | €12,390 | €50,201 | +€37,811 | +305% |
| Other tangible fixed assets | 26 | €6,424 | €4,533 | -€1,891 | -29.4% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €73,559 | €150,066 | +€76,507 | +104% |
| Amounts receivable within one year | 40/41 | €30,920 | €42,402 | +€11,482 | +37.1% |
| Trade receivables | 40 | €26,582 | €39,309 | +€12,727 | +47.9% |
| Other amounts receivable | 41 | €4,337 | €3,093 | -€1,245 | -28.7% |
| Cash at bank and in hand | 54/58 | €41,117 | €80,943 | +€39,826 | +96.9% |
| Deferred charges and accrued income | 490/1 | €1,522 | €26,721 | +€25,199 | +1,655% |
| Total equity and liabilities | 10/49 | €94,073 | €206,500 | +€112,427 | +120% |
| Equity | 10/15 | €37,305 | €132,657 | +€95,353 | +256% |
| Contributions | 10/11 | €1,350 | €1,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,955 | €131,307 | +€95,353 | +265% |
| Amounts payable | 17/49 | €56,768 | €73,842 | +€17,074 | +30.1% |
| Amounts payable within one year | 42/48 | €56,690 | €71,558 | +€14,868 | +26.2% |
| Trade debts | 44 | €32,826 | €21,840 | -€10,986 | -33.5% |
| Suppliers | 440/4 | €32,826 | €21,840 | -€10,986 | -33.5% |
| Taxes, remuneration and social security | 45 | €23,831 | €49,516 | +€25,684 | +108% |
| Taxes | 450/3 | €21,353 | €46,765 | +€25,412 | +119% |
| Remuneration and social security | 454/9 | €2,478 | €2,751 | +€272 | +11.0% |
| Other amounts payable | 47/48 | €34 | €202 | +€169 | +504% |
| Accrued charges and deferred income | 492/3 | €78 | €2,284 | +€2,206 | +2,836% |
| Remuneration, social security and pensions | 62 | €30,532 | €28,615 | -€1,917 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,628 | €8,648 | +€1,019 | +13.4% |
| Other operating charges | 640/8 | €1,355 | €2,690 | +€1,335 | +98.5% |
| Gross operating margin | 9900 | €70,985 | €160,064 | +€89,079 | +125% |
| Operating profit (loss) | 9901 | €31,470 | €120,111 | +€88,641 | +282% |
| Financial income | 75/76B | €360 | €7 | -€353 | -98.1% |
| Recurring financial income | 75 | €360 | €7 | -€353 | -98.1% |
| Financial charges | 65/66B | €476 | €688 | +€212 | +44.6% |
| Recurring financial charges | 65 | €476 | €579 | +€103 | +21.7% |
| Non-recurring financial charges | 66B | - | €109 | +€109 | |
| Profit (loss) for the period before taxes | 9903 | €31,353 | €119,429 | +€88,076 | +281% |
| Income taxes | 67/77 | €6,414 | €24,077 | +€17,662 | +275% |
| Profit (loss) for the period | 9904 | €24,939 | €95,353 | +€70,413 | +282% |
| Profit (loss) for the period to be appropriated | 9905 | €24,939 | €95,353 | +€70,413 | +282% |
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 24 October 2026 via checked.be.