CMGPG: 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.
CMGPG
Largest movements
- Deferred charges and accrued income -€25,667
down €25,667 (-60.3%), from €42,581 to €16,914
- Receivables within one year +€2,051
up €2,051 (+338.4%), from €606 to €2,657
of which Other amounts receivable: +€2,607
- Profit (loss) carried forward -€100,513
down €100,513 (-100.0%), from €100,538 to €25
- Other debts +€68,740
up €68,740 (+1053.2%), from €6,527 to €75,267
- Tax, wage and social debts +€7,666
up €7,666 (+98.5%), from €7,784 to €15,450
- Gross operating margin -€23,760
down €23,760 (-17.9%), from €132,597 to €108,837
- Taxes -€6,061
down €6,061 (-21.3%), from €28,454 to €22,393
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 | €186,362 | €161,985 | -€24,377 | -13.1% |
| Fixed assets | 21/28 | €838 | €388 | -€450 | -53.7% |
| Tangible fixed assets | 22/27 | €838 | €388 | -€450 | -53.7% |
| Furniture and vehicles | 24 | €838 | €388 | -€450 | -53.7% |
| Current assets | 29/58 | €185,524 | €161,597 | -€23,927 | -12.9% |
| Amounts receivable within one year | 40/41 | €606 | €2,657 | +€2,051 | +338.4% |
| Trade receivables | 40 | €606 | €50 | -€556 | -91.7% |
| Other amounts receivable | 41 | - | €2,607 | +€2,607 | |
| Cash at bank and in hand | 54/58 | €142,337 | €142,026 | -€311 | -0.2% |
| Deferred charges and accrued income | 490/1 | €42,581 | €16,914 | -€25,667 | -60.3% |
| Total equity and liabilities | 10/49 | €186,362 | €161,985 | -€24,377 | -13.1% |
| Equity | 10/15 | €171,185 | €70,672 | -€100,513 | -58.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €66,647 | €66,647 | = | 0.0% |
| Distributable reserves | 133 | €66,647 | €66,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,538 | €25 | -€100,513 | -100.0% |
| Amounts payable | 17/49 | €15,177 | €91,313 | +€76,136 | +501.7% |
| Amounts payable within one year | 42/48 | €14,571 | €91,313 | +€76,742 | +526.7% |
| Trade debts | 44 | €260 | €596 | +€336 | +129.2% |
| Suppliers | 440/4 | €260 | €596 | +€336 | +129.2% |
| Taxes, remuneration and social security | 45 | €7,784 | €15,450 | +€7,666 | +98.5% |
| Taxes | 450/3 | €7,784 | €15,450 | +€7,666 | +98.5% |
| Other amounts payable | 47/48 | €6,527 | €75,267 | +€68,740 | +1053.2% |
| Accrued charges and deferred income | 492/3 | €606 | - | -€606 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €450 | €450 | = | 0.0% |
| Other operating charges | 640/8 | €49 | €400 | +€351 | +716.3% |
| Gross operating margin | 9900 | €132,597 | €108,837 | -€23,760 | -17.9% |
| Operating profit (loss) | 9901 | €132,098 | €107,987 | -€24,111 | -18.3% |
| Financial charges | 65/66B | €3,106 | €3,107 | +€1 | 0.0% |
| Recurring financial charges | 65 | €3,106 | €3,107 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €128,992 | €104,880 | -€24,112 | -18.7% |
| Income taxes | 67/77 | €28,454 | €22,393 | -€6,061 | -21.3% |
| Profit (loss) for the period | 9904 | €100,538 | €82,487 | -€18,051 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,538 | €82,487 | -€18,051 | -18.0% |
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 29 September 2026 via checked.be.