CGP: what changed
CGP
Largest movements
- Cash +€85,554
up €85,554 (+312%), from €27,439 to €112,992
mainly Trade debts (+€48,551) and Depreciation (+€36,276)
- Tangible fixed assets -€32,426
down €32,426 (-13.6%), from €238,681 to €206,255
- Receivables within one year +€17,480
up €17,480 (+12.3%), from €142,348 to €159,828
of which Trade receivables: +€17,339
- Trade debts +€48,551
up €48,551 (+24.5%), from €197,772 to €246,323
- Other debts -€33,257
down €33,257 (-28.4%), from €117,240 to €83,983
- Profit (loss) carried forward +€23,546
up €23,546 (+34.9%), from €67,562 to €91,108
- Tax, wage and social debts +€15,511
up €15,511 (+83.0%), from €18,682 to €34,194
of which Taxes: +€15,367
- Debts after one year +€11,197
new in 2025: €11,197
- Gross operating margin +€19,113
up €19,113 (+29.9%), from €63,858 to €82,971
- Other operating charges -€10,140
down €10,140 (-56.2%), from €18,059 to €7,919
- Depreciation +€5,022
up €5,022 (+16.1%), from €31,253 to €36,276
- Taxes +€3,874
up €3,874 (+62.6%), from €6,187 to €10,061
- Staff costs +€3,752
up €3,752 (+4,448%), from €84 to €3,837
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €409,109 | €479,533 | +€70,424 | +17.2% |
| Fixed assets | 21/28 | €239,231 | €206,555 | -€32,676 | -13.7% |
| Intangible fixed assets | 21 | €550 | €300 | -€250 | -45.5% |
| Tangible fixed assets | 22/27 | €238,681 | €206,255 | -€32,426 | -13.6% |
| Land and buildings | 22 | €178,203 | €164,439 | -€13,764 | -7.7% |
| Plant, machinery and equipment | 23 | €48,782 | €34,426 | -€14,356 | -29.4% |
| Furniture and vehicles | 24 | €3,417 | €2,605 | -€812 | -23.8% |
| Other tangible fixed assets | 26 | €8,279 | €4,785 | -€3,494 | -42.2% |
| Current assets | 29/58 | €169,878 | €272,978 | +€103,100 | +60.7% |
| Amounts receivable within one year | 40/41 | €142,348 | €159,828 | +€17,480 | +12.3% |
| Trade receivables | 40 | €142,337 | €159,676 | +€17,339 | +12.2% |
| Other amounts receivable | 41 | €11 | €153 | +€141 | +1,241% |
| Cash at bank and in hand | 54/58 | €27,439 | €112,992 | +€85,554 | +312% |
| Deferred charges and accrued income | 490/1 | €91 | €157 | +€66 | +72.3% |
| Total equity and liabilities | 10/49 | €409,109 | €479,533 | +€70,424 | +17.2% |
| Equity | 10/15 | €75,415 | €98,961 | +€23,546 | +31.2% |
| Contributions | 10/11 | €7,705 | €7,705 | = | 0.0% |
| Reserves | 13 | €148 | €148 | = | 0.0% |
| Non-distributable reserves | 130/1 | €148 | €148 | = | 0.0% |
| Reserves not available under the articles | 1311 | €148 | €148 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,562 | €91,108 | +€23,546 | +34.9% |
| Amounts payable | 17/49 | €333,694 | €380,572 | +€46,878 | +14.0% |
| Amounts payable after more than one year | 17 | - | €11,197 | +€11,197 | |
| Financial debts | 170/4 | - | €11,197 | +€11,197 | |
| Amounts payable within one year | 42/48 | €333,694 | €369,375 | +€35,680 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,875 | +€4,875 | |
| Trade debts | 44 | €197,772 | €246,323 | +€48,551 | +24.5% |
| Suppliers | 440/4 | €197,772 | €246,323 | +€48,551 | +24.5% |
| Taxes, remuneration and social security | 45 | €18,682 | €34,194 | +€15,511 | +83.0% |
| Taxes | 450/3 | €18,391 | €33,758 | +€15,367 | +83.6% |
| Remuneration and social security | 454/9 | €292 | €436 | +€144 | +49.5% |
| Other amounts payable | 47/48 | €117,240 | €83,983 | -€33,257 | -28.4% |
| Remuneration, social security and pensions | 62 | €84 | €3,837 | +€3,752 | +4,448% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,253 | €36,276 | +€5,022 | +16.1% |
| Other operating charges | 640/8 | €18,059 | €7,919 | -€10,140 | -56.2% |
| Gross operating margin | 9900 | €63,858 | €82,971 | +€19,113 | +29.9% |
| Operating profit (loss) | 9901 | €14,461 | €34,939 | +€20,478 | +142% |
| Financial income | 75/76B | €959 | €1 | -€957 | -99.9% |
| Recurring financial income | 75 | €959 | €1 | -€957 | -99.9% |
| Financial charges | 65/66B | €2,753 | €1,334 | -€1,420 | -51.6% |
| Recurring financial charges | 65 | €2,753 | €1,334 | -€1,420 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €12,666 | €33,607 | +€20,941 | +165% |
| Income taxes | 67/77 | €6,187 | €10,061 | +€3,874 | +62.6% |
| Profit (loss) for the period | 9904 | €6,479 | €23,546 | +€17,067 | +263% |
| Profit (loss) for the period to be appropriated | 9905 | €6,479 | €23,546 | +€17,067 | +263% |
Next steps
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 2 November 2026 via checked.be.