CFGC: 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.
CFGC
Largest movements
- Receivables within one year +€2,981
up €2,981 (+8.6%), from €34,682 to €37,664
- Cash -€1,453
down €1,453 (-8.1%), from €17,844 to €16,391
mainly Investment in fixed assets (net) (-€4,040) and Receivables within one year (-€2,981)
- Reserves +€10,000
up €10,000 (+50.0%), from €20,000 to €30,000
- Profit (loss) carried forward -€8,991
down €8,991 (-59.2%), from €15,192 to €6,201
- Tax, wage and social debts +€2,938
up €2,938 (+17.6%), from €16,657 to €19,595
of which Taxes: +€2,434
- Trade debts -€925
down €925 (-63.1%), from €1,466 to €541
of which Bills of exchange payable: -€1,364
- Other debts -€718
down €718 (-13.6%), from €5,267 to €4,549
- Gross operating margin -€32,611
down €32,611 (-79.0%), from €41,273 to €8,662
- Taxes -€6,527
down €6,527 (-83.8%), from €7,786 to €1,259
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 | €69,472 | €71,137 | +€1,665 | +2.4% |
| Fixed assets | 21/28 | €15,875 | €15,304 | -€571 | -3.6% |
| Tangible fixed assets | 22/27 | €15,475 | €14,904 | -€571 | -3.7% |
| Furniture and vehicles | 24 | €15,475 | €14,904 | -€571 | -3.7% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €53,597 | €55,832 | +€2,236 | +4.2% |
| Amounts receivable within one year | 40/41 | €34,682 | €37,664 | +€2,981 | +8.6% |
| Trade receivables | 40 | €34,682 | €37,664 | +€2,981 | +8.6% |
| Cash at bank and in hand | 54/58 | €17,844 | €16,391 | -€1,453 | -8.1% |
| Deferred charges and accrued income | 490/1 | €1,070 | €1,778 | +€707 | +66.1% |
| Total equity and liabilities | 10/49 | €69,472 | €71,137 | +€1,665 | +2.4% |
| Equity | 10/15 | €45,192 | €46,201 | +€1,009 | +2.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Distributable reserves | 133 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Profit (loss) carried forward | 14 | €15,192 | €6,201 | -€8,991 | -59.2% |
| Amounts payable | 17/49 | €24,280 | €24,935 | +€655 | +2.7% |
| Amounts payable within one year | 42/48 | €23,390 | €24,685 | +€1,295 | +5.5% |
| Trade debts | 44 | €1,466 | €541 | -€925 | -63.1% |
| Suppliers | 440/4 | €102 | €541 | +€439 | +428.2% |
| Bills of exchange payable | 441 | €1,364 | - | -€1,364 | |
| Taxes, remuneration and social security | 45 | €16,657 | €19,595 | +€2,938 | +17.6% |
| Taxes | 450/3 | €15,957 | €18,391 | +€2,434 | +15.3% |
| Remuneration and social security | 454/9 | €700 | €1,204 | +€504 | +72.0% |
| Other amounts payable | 47/48 | €5,267 | €4,549 | -€718 | -13.6% |
| Accrued charges and deferred income | 492/3 | €890 | €250 | -€640 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,345 | €4,611 | +€266 | +6.1% |
| Other operating charges | 640/8 | €907 | €907 | +€0 | 0.0% |
| Gross operating margin | 9900 | €41,273 | €8,662 | -€32,611 | -79.0% |
| Operating profit (loss) | 9901 | €36,020 | €3,144 | -€32,877 | -91.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €49 | €42 | -€6 | -13.0% |
| Recurring financial charges | 65 | €49 | €42 | -€6 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €35,972 | €3,101 | -€32,870 | -91.4% |
| Income taxes | 67/77 | €7,786 | €1,259 | -€6,527 | -83.8% |
| Profit (loss) for the period | 9904 | €28,186 | €1,842 | -€26,344 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,186 | €1,842 | -€26,344 | -93.5% |
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 12 October 2026 via checked.be.