CGS Concept: 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.
CGS Concept
Largest movements
- Deferred charges and accrued income -€3,475
no longer reported in 2023 (was €3,475)
- Receivables within one year -€1,920
down €1,920 (-5.6%), from €34,196 to €32,276
of which Other amounts receivable: -€18,557
- Tangible fixed assets -€1,474
down €1,474 (-31.1%), from €4,741 to €3,267
of which Plant, machinery and equipment: -€863
- Cash +€1,395
up €1,395 (+126.9%), from €1,099 to €2,494
mainly Net result for the year (+€27,976) and Other debts (+€10,878)
- Trade debts -€44,687
down €44,687 (-65.1%), from €68,664 to €23,977
- Profit (loss) carried forward +€27,976
up €27,976, from -€27,166 to €810
- Other debts +€10,878
new in 2023: €10,878
- Gross operating margin +€52,898
up €52,898, from -€6,818 to €46,080
- Purchases and services -€42,259
down €42,259 (-73.4%), from €57,589 to €15,330
- Other operating charges +€15,875
up €15,875 (+8568.8%), from €185 to €16,061
- Turnover +€10,502
up €10,502 (+20.7%), from €50,771 to €61,273
- Staff costs -€2,615
no longer reported in 2023 (was €2,615)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,498 | €38,665 | -€5,833 | -13.1% |
| Formation expenses | 20 | €987 | €629 | -€358 | -36.3% |
| Fixed assets | 21/28 | €4,741 | €3,267 | -€1,474 | -31.1% |
| Tangible fixed assets | 22/27 | €4,741 | €3,267 | -€1,474 | -31.1% |
| Plant, machinery and equipment | 23 | €2,928 | €2,066 | -€863 | -29.5% |
| Furniture and vehicles | 24 | €1,812 | €1,201 | -€611 | -33.7% |
| Current assets | 29/58 | €38,770 | €34,770 | -€4,000 | -10.3% |
| Amounts receivable within one year | 40/41 | €34,196 | €32,276 | -€1,920 | -5.6% |
| Trade receivables | 40 | €15,623 | €32,260 | +€16,637 | +106.5% |
| Other amounts receivable | 41 | €18,573 | €16 | -€18,557 | -99.9% |
| Cash at bank and in hand | 54/58 | €1,099 | €2,494 | +€1,395 | +126.9% |
| Deferred charges and accrued income | 490/1 | €3,475 | - | -€3,475 | |
| Total equity and liabilities | 10/49 | €44,498 | €38,665 | -€5,833 | -13.1% |
| Equity | 10/15 | -€24,166 | €3,810 | +€27,976 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,166 | €810 | +€27,976 | |
| Amounts payable | 17/49 | €68,664 | €34,855 | -€33,809 | -49.2% |
| Amounts payable within one year | 42/48 | €68,664 | €34,855 | -€33,809 | -49.2% |
| Trade debts | 44 | €68,664 | €23,977 | -€44,687 | -65.1% |
| Suppliers | 440/4 | €68,664 | €23,977 | -€44,687 | -65.1% |
| Other amounts payable | 47/48 | - | €10,878 | +€10,878 | |
| Turnover | 70 | €50,771 | €61,273 | +€10,502 | +20.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €57,589 | €15,330 | -€42,259 | -73.4% |
| Remuneration, social security and pensions | 62 | €2,615 | - | -€2,615 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,832 | €1,832 | = | 0.0% |
| Other operating charges | 640/8 | €185 | €16,061 | +€15,875 | +8568.8% |
| Gross operating margin | 9900 | -€6,818 | €46,080 | +€52,898 | |
| Operating profit (loss) | 9901 | -€11,451 | €28,187 | +€39,638 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €372 | €211 | -€161 | -43.4% |
| Recurring financial charges | 65 | €372 | €211 | -€161 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,822 | €27,976 | +€39,799 | |
| Profit (loss) for the period | 9904 | -€11,822 | €27,976 | +€39,799 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,822 | €27,976 | +€39,799 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.