CGeS: 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.
CGeS
Largest movements
- Tangible fixed assets -€60,855
down €60,855 (-92.2%), from €66,000 to €5,145
of which Assets under construction and advance payments: -€66,000
- Receivables within one year +€9,713
up €9,713 (+265.8%), from €3,654 to €13,367
of which Trade receivables: +€8,565
- Cash +€4,464
up €4,464 (+273.6%), from €1,632 to €6,095
mainly Investment in fixed assets (net) (+€60,452) and Trade debts (+€12,578)
- Other debts -€43,126
down €43,126 (-94.7%), from €45,523 to €2,397
- Profit (loss) carried forward -€23,897
down €23,897 (-4515.3%), from -€529 to -€24,426
- Trade debts +€12,578
up €12,578 (+397.6%), from €3,164 to €15,742
- Tax, wage and social debts +€7,491
up €7,491 (+1258.1%), from €595 to €8,086
of which Remuneration and social security: +€7,614
- Staff costs +€21,196
up €21,196 (+436.6%), from €4,855 to €26,051
- Gross operating margin -€3,112
down €3,112 (-51.8%), from €6,007 to €2,895
- Depreciation -€528
down €528 (-56.7%), from €932 to €404
- Other operating charges -€375
down €375 (-71.6%), from €523 to €149
- Taxes -€99
no longer reported in 2025 (was €99)
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 | €74,752 | €27,799 | -€46,954 | -62.8% |
| Fixed assets | 21/28 | €66,400 | €5,545 | -€60,855 | -91.6% |
| Tangible fixed assets | 22/27 | €66,000 | €5,145 | -€60,855 | -92.2% |
| Land and buildings | 22 | - | €4,050 | +€4,050 | |
| Furniture and vehicles | 24 | - | €1,095 | +€1,095 | |
| Assets under construction and advance payments | 27 | €66,000 | - | -€66,000 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €8,352 | €22,254 | +€13,902 | +166.4% |
| Amounts receivable within one year | 40/41 | €3,654 | €13,367 | +€9,713 | +265.8% |
| Trade receivables | 40 | €2,769 | €11,334 | +€8,565 | +309.3% |
| Other amounts receivable | 41 | €885 | €2,032 | +€1,148 | +129.7% |
| Cash at bank and in hand | 54/58 | €1,632 | €6,095 | +€4,464 | +273.6% |
| Deferred charges and accrued income | 490/1 | €3,067 | €2,792 | -€275 | -9.0% |
| Total equity and liabilities | 10/49 | €74,752 | €27,799 | -€46,954 | -62.8% |
| Equity | 10/15 | €25,471 | €1,574 | -€23,897 | -93.8% |
| Contributions | 10/11 | €26,000 | €26,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€529 | -€24,426 | -€23,897 | -4515.3% |
| Amounts payable | 17/49 | €49,282 | €26,225 | -€23,057 | -46.8% |
| Amounts payable within one year | 42/48 | €49,282 | €26,225 | -€23,057 | -46.8% |
| Trade debts | 44 | €3,164 | €15,742 | +€12,578 | +397.6% |
| Suppliers | 440/4 | €3,164 | €15,742 | +€12,578 | +397.6% |
| Taxes, remuneration and social security | 45 | €595 | €8,086 | +€7,491 | +1258.1% |
| Taxes | 450/3 | €458 | €335 | -€123 | -26.9% |
| Remuneration and social security | 454/9 | €137 | €7,751 | +€7,614 | +5540.2% |
| Other amounts payable | 47/48 | €45,523 | €2,397 | -€43,126 | -94.7% |
| Remuneration, social security and pensions | 62 | €4,855 | €26,051 | +€21,196 | +436.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €932 | €404 | -€528 | -56.7% |
| Other operating charges | 640/8 | €523 | €149 | -€375 | -71.6% |
| Gross operating margin | 9900 | €6,007 | €2,895 | -€3,112 | -51.8% |
| Operating profit (loss) | 9901 | -€304 | -€23,708 | -€23,405 | -7710.3% |
| Financial income | 75/76B | €20 | €1 | -€20 | -97.0% |
| Recurring financial income | 75 | €20 | €1 | -€20 | -97.0% |
| Financial charges | 65/66B | €234 | €189 | -€45 | -19.3% |
| Recurring financial charges | 65 | €234 | €189 | -€45 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€518 | -€23,897 | -€23,379 | -4516.1% |
| Income taxes | 67/77 | €99 | - | -€99 | |
| Profit (loss) for the period | 9904 | -€616 | -€23,897 | -€23,280 | -3776.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€616 | -€23,897 | -€23,280 | -3776.6% |
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 10 October 2026 via checked.be.