CPG INVEST: what changed
What changed
CPG INVEST
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€99,164
2024 · €173,337-€74,173
Equity
€3.3m
2024 · €3.2m+€87,164
Cash
€644,401
2024 · €232,264+€412,137
Balance sheet total
€7.0m
2024 · €7.3m-€350,659
Largest movements
Assets
- Tangible fixed assets -€842,239
down €842,239 (-12.3%), from €6.8m to €6.0m
of which Land and buildings: -€770,884
- Cash +€412,137
up €412,137 (+177%), from €232,264 to €644,401
mainly Depreciation (+€842,239) and Net result for the year (+€99,164)
- Receivables within one year +€79,443
up €79,443 (+32.5%), from €244,146 to €323,588
of which Trade receivables: +€109,301
Equity and liabilities
- Debts after one year -€400,983
down €400,983 (-11.1%), from €3.6m to €3.2m
- Profit (loss) carried forward +€99,164
up €99,164 (+17.5%), from €565,638 to €664,802
Income statement
- Financial charges +€33,788
up €33,788 (+35.5%), from €95,292 to €129,080
- Gross operating margin -€27,995
down €27,995 (-2.4%), from €1.1m to €1.1m
- Depreciation +€18,211
up €18,211 (+2.2%), from €824,028 to €842,239
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€173,337
Gross operating margin
-€27,995
Depreciation
-€18,211
Other operating charges
+€2,802
Financial income
+€6,053
Financial charges
-€33,788
Taxes
-€3,035
Result 2025
€99,164
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€897,946
Investment
€0
Financing
-€485,810
Cash 2024
€232,264
From operations (derived)
+€897,946
Net result for the year
+€99,164
Depreciation
+€842,239
Receivables within one year
-€79,443
Trade debts
-€10,475
Tax, wage and social debts
+€46,461
Financing
-€485,810
Debts after one year
-€400,983
Current portion of long-term debt
-€72,826
Contributions, distributions and other
-€12,000
Cash 2025
€644,401
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,320,725 | €6,970,066 | -€350,659 | -4.8% |
| Fixed assets | 21/28 | €6,844,315 | €6,002,076 | -€842,239 | -12.3% |
| Tangible fixed assets | 22/27 | €6,844,315 | €6,002,076 | -€842,239 | -12.3% |
| Land and buildings | 22 | €6,654,187 | €5,883,303 | -€770,884 | -11.6% |
| Plant, machinery and equipment | 23 | €190,128 | €118,774 | -€71,354 | -37.5% |
| Current assets | 29/58 | €476,410 | €967,989 | +€491,579 | +103% |
| Amounts receivable within one year | 40/41 | €244,146 | €323,588 | +€79,443 | +32.5% |
| Trade receivables | 40 | €166,287 | €275,588 | +€109,301 | +65.7% |
| Other amounts receivable | 41 | €77,858 | €48,000 | -€29,858 | -38.3% |
| Cash at bank and in hand | 54/58 | €232,264 | €644,401 | +€412,137 | +177% |
| Total equity and liabilities | 10/49 | €7,320,725 | €6,970,066 | -€350,659 | -4.8% |
| Equity | 10/15 | €3,198,782 | €3,285,946 | +€87,164 | +2.7% |
| Contributions | 10/11 | €2,490,200 | €2,490,200 | = | 0.0% |
| Reserves | 13 | €28,878 | €28,878 | = | 0.0% |
| Distributable reserves | 133 | €28,878 | €28,878 | = | 0.0% |
| Profit (loss) carried forward | 14 | €565,638 | €664,802 | +€99,164 | +17.5% |
| Investment grants | 15 | €114,066 | €102,066 | -€12,000 | -10.5% |
| Amounts payable | 17/49 | €4,121,943 | €3,684,120 | -€437,823 | -10.6% |
| Amounts payable after more than one year | 17 | €3,617,343 | €3,216,360 | -€400,983 | -11.1% |
| Financial debts | 170/4 | €3,617,343 | €3,216,360 | -€400,983 | -11.1% |
| Amounts payable within one year | 42/48 | €504,600 | €467,760 | -€36,840 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €473,810 | €400,983 | -€72,826 | -15.4% |
| Trade debts | 44 | €30,790 | €20,316 | -€10,475 | -34.0% |
| Suppliers | 440/4 | €30,790 | €20,316 | -€10,475 | -34.0% |
| Taxes, remuneration and social security | 45 | €0 | €46,461 | +€46,461 | |
| Taxes | 450/3 | €0 | €46,461 | +€46,461 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €824,028 | €842,239 | +€18,211 | +2.2% |
| Other operating charges | 640/8 | €29,434 | €26,632 | -€2,802 | -9.5% |
| Gross operating margin | 9900 | €1,145,044 | €1,117,049 | -€27,995 | -2.4% |
| Operating profit (loss) | 9901 | €291,582 | €248,179 | -€43,403 | -14.9% |
| Financial income | 75/76B | €5,947 | €12,000 | +€6,053 | +102% |
| Recurring financial income | 75 | €5,947 | €12,000 | +€6,053 | +102% |
| Financial charges | 65/66B | €95,292 | €129,080 | +€33,788 | +35.5% |
| Recurring financial charges | 65 | €95,292 | €129,080 | +€33,788 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €202,237 | €131,099 | -€71,138 | -35.2% |
| Income taxes | 67/77 | €28,900 | €31,935 | +€3,035 | +10.5% |
| Profit (loss) for the period | 9904 | €173,337 | €99,164 | -€74,173 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €173,337 | €99,164 | -€74,173 | -42.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.