CGS GROUP: 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 GROUP
Largest movements
- Receivables within one year -€52,679
down €52,679 (-20.5%), from €257,591 to €204,913
of which Trade receivables: -€44,364
- Tangible fixed assets -€46,688
down €46,688 (-52.8%), from €88,365 to €41,677
of which Furniture and vehicles: -€23,561
- Cash +€13,786
up €13,786 (+252%), from €5,468 to €19,254
mainly Net result for the year (+€86,663) and Receivables within one year (+€52,679)
- Stocks and contracts -€5,973
down €5,973 (-9.6%), from €62,012 to €56,039
- Trade debts -€149,652
down €149,652 (-55.7%), from €268,496 to €118,844
- Profit (loss) carried forward +€86,663
up €86,663 (+96.4%), from -€89,932 to -€3,269
- Short-term financial debts -€24,794
down €24,794 (-49.2%), from €50,379 to €25,585
- Other debts +€6,889
up €6,889 (+10.6%), from €64,985 to €71,874
- Current portion of long-term debt -€6,377
down €6,377 (-18.4%), from €34,644 to €28,267
- Staff costs -€420,107
down €420,107 (-96.5%), from €435,303 to €15,196
- Gross operating margin -€349,786
down €349,786 (-68.6%), from €509,735 to €159,948
- Other operating charges +€12,827
up €12,827 (+285%), from €4,507 to €17,334
- Depreciation -€9,917
down €9,917 (-25.0%), from €39,635 to €29,719
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 | €420,920 | €328,582 | -€92,338 | -21.9% |
| Fixed assets | 21/28 | €89,565 | €44,677 | -€44,888 | -50.1% |
| Tangible fixed assets | 22/27 | €88,365 | €41,677 | -€46,688 | -52.8% |
| Plant, machinery and equipment | 23 | €31,294 | €16,498 | -€14,796 | -47.3% |
| Furniture and vehicles | 24 | €24,091 | €530 | -€23,561 | -97.8% |
| Leasing and similar rights | 25 | €32,980 | €24,650 | -€8,330 | -25.3% |
| Financial fixed assets | 28 | €1,200 | €3,000 | +€1,800 | +150% |
| Current assets | 29/58 | €331,355 | €283,905 | -€47,450 | -14.3% |
| Stocks and contracts in progress | 3 | €62,012 | €56,039 | -€5,973 | -9.6% |
| Stocks | 30/36 | €62,012 | €56,039 | -€5,973 | -9.6% |
| Amounts receivable within one year | 40/41 | €257,591 | €204,913 | -€52,679 | -20.5% |
| Trade receivables | 40 | €240,733 | €196,369 | -€44,364 | -18.4% |
| Other amounts receivable | 41 | €16,859 | €8,544 | -€8,315 | -49.3% |
| Cash at bank and in hand | 54/58 | €5,468 | €19,254 | +€13,786 | +252% |
| Deferred charges and accrued income | 490/1 | €6,284 | €3,700 | -€2,584 | -41.1% |
| Total equity and liabilities | 10/49 | €420,920 | €328,582 | -€92,338 | -21.9% |
| Equity | 10/15 | -€82,432 | €4,231 | +€86,663 | |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,932 | -€3,269 | +€86,663 | +96.4% |
| Amounts payable | 17/49 | €503,352 | €324,351 | -€179,001 | -35.6% |
| Amounts payable after more than one year | 17 | €82,729 | €76,568 | -€6,160 | -7.4% |
| Financial debts | 170/4 | €39,460 | €37,300 | -€2,160 | -5.5% |
| Other amounts payable | 178/9 | €43,268 | €39,268 | -€4,000 | -9.2% |
| Amounts payable within one year | 42/48 | €420,624 | €247,783 | -€172,841 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €34,644 | €28,267 | -€6,377 | -18.4% |
| Financial debts | 43 | €50,379 | €25,585 | -€24,794 | -49.2% |
| Credit institutions | 430/8 | €50,379 | €25,585 | -€24,794 | -49.2% |
| Trade debts | 44 | €268,496 | €118,844 | -€149,652 | -55.7% |
| Suppliers | 440/4 | €268,496 | €118,844 | -€149,652 | -55.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,119 | €3,213 | +€1,093 | +51.6% |
| Taxes | 450/3 | €2,119 | €3,213 | +€1,093 | +51.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €64,985 | €71,874 | +€6,889 | +10.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,031 | +€2,031 | |
| Remuneration, social security and pensions | 62 | €435,303 | €15,196 | -€420,107 | -96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,635 | €29,719 | -€9,917 | -25.0% |
| Other operating charges | 640/8 | €4,507 | €17,334 | +€12,827 | +285% |
| Non-recurring operating charges | 66A | €11,036 | €0 | -€11,036 | -100% |
| Gross operating margin | 9900 | €509,735 | €159,948 | -€349,786 | -68.6% |
| Operating profit (loss) | 9901 | €19,253 | €97,700 | +€78,447 | +407% |
| Financial income | 75/76B | €980 | €4,206 | +€3,226 | +329% |
| Recurring financial income | 75 | €980 | €4,206 | +€3,226 | +329% |
| Financial charges | 65/66B | €12,994 | €12,011 | -€983 | -7.6% |
| Recurring financial charges | 65 | €12,994 | €12,011 | -€983 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €7,239 | €89,895 | +€82,656 | +1,142% |
| Income taxes | 67/77 | €28 | €3,232 | +€3,205 | +11,649% |
| Profit (loss) for the period | 9904 | €7,212 | €86,663 | +€79,451 | +1,102% |
| Profit (loss) for the period to be appropriated | 9905 | €7,212 | €86,663 | +€79,451 | +1,102% |
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 16 October 2026 via checked.be.