CG PROJECTS: 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.
CG PROJECTS
Largest movements
- Cash +€71,460
up €71,460 (+15.1%), from €474,107 to €545,567
mainly Net result for the year (+€230,192) and Tax, wage and social debts (+€27,760)
- Tangible fixed assets -€14,899
down €14,899 (-21.5%), from €69,266 to €54,367
- Receivables within one year -€6,608
down €6,608 (-26.7%), from €24,758 to €18,150
of which Other amounts receivable: -€6,608
- Reserves +€230,193
up €230,193 (+68.0%), from €338,443 to €568,636
- Other debts -€206,188
down €206,188 (-92.5%), from €223,016 to €16,828
- Tax, wage and social debts +€27,760
up €27,760 (+430%), from €6,461 to €34,221
- Gross operating margin +€72,368
up €72,368 (+26.4%), from €273,842 to €346,210
- Taxes +€37,992
up €37,992 (+60.3%), from €63,046 to €101,038
- Depreciation +€12,762
up €12,762 (+597%), from €2,137 to €14,899
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 | €569,765 | €619,785 | +€50,021 | +8.8% |
| Fixed assets | 21/28 | €69,266 | €54,367 | -€14,899 | -21.5% |
| Tangible fixed assets | 22/27 | €69,266 | €54,367 | -€14,899 | -21.5% |
| Furniture and vehicles | 24 | €69,266 | €54,367 | -€14,899 | -21.5% |
| Current assets | 29/58 | €500,499 | €565,419 | +€64,920 | +13.0% |
| Amounts receivable within one year | 40/41 | €24,758 | €18,150 | -€6,608 | -26.7% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | €6,608 | €0 | -€6,608 | -100% |
| Cash at bank and in hand | 54/58 | €474,107 | €545,567 | +€71,460 | +15.1% |
| Deferred charges and accrued income | 490/1 | €1,634 | €1,702 | +€67 | +4.1% |
| Total equity and liabilities | 10/49 | €569,765 | €619,785 | +€50,021 | +8.8% |
| Equity | 10/15 | €338,544 | €568,736 | +€230,192 | +68.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €338,443 | €568,636 | +€230,193 | +68.0% |
| Distributable reserves | 133 | €338,443 | €568,636 | +€230,193 | +68.0% |
| Profit (loss) carried forward | 14 | €1 | €0 | -€1 | -100% |
| Amounts payable | 17/49 | €231,221 | €51,050 | -€180,171 | -77.9% |
| Amounts payable within one year | 42/48 | €231,211 | €51,050 | -€180,162 | -77.9% |
| Trade debts | 44 | €1,734 | €0 | -€1,734 | -100% |
| Suppliers | 440/4 | €1,734 | €0 | -€1,734 | -100% |
| Taxes, remuneration and social security | 45 | €6,461 | €34,221 | +€27,760 | +430% |
| Taxes | 450/3 | €6,461 | €34,221 | +€27,760 | +430% |
| Other amounts payable | 47/48 | €223,016 | €16,828 | -€206,188 | -92.5% |
| Accrued charges and deferred income | 492/3 | €10 | €0 | -€10 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,137 | €14,899 | +€12,762 | +597% |
| Other operating charges | 640/8 | €119 | €811 | +€691 | +579% |
| Gross operating margin | 9900 | €273,842 | €346,210 | +€72,368 | +26.4% |
| Operating profit (loss) | 9901 | €271,585 | €330,500 | +€58,915 | +21.7% |
| Financial income | 75/76B | €1 | €779 | +€778 | +53,268% |
| Recurring financial income | 75 | €1 | €779 | +€778 | +53,268% |
| Financial charges | 65/66B | €39 | €49 | +€10 | +25.9% |
| Recurring financial charges | 65 | €39 | €49 | +€10 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €271,548 | €331,230 | +€59,682 | +22.0% |
| Income taxes | 67/77 | €63,046 | €101,038 | +€37,992 | +60.3% |
| Profit (loss) for the period | 9904 | €208,502 | €230,192 | +€21,690 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €208,502 | €230,192 | +€21,690 | +10.4% |
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 30 October 2026 via checked.be.