2CMV: 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.
2CMV
Largest movements
- Receivables within one year +€312,276
up €312,276 (+430%), from €72,574 to €384,850
of which Other amounts receivable: +€157,979
- Cash +€236,369
up €236,369 (+159%), from €148,315 to €384,685
mainly Net result for the year (+€387,529) and Trade debts (+€125,270)
- Stocks and contracts -€56,609
down €56,609 (-44.0%), from €128,609 to €72,000
- Tangible fixed assets +€10,727
up €10,727 (+52.7%), from €20,340 to €31,066
- Profit (loss) carried forward +€387,529
up €387,529 (+261%), from €148,646 to €536,176
- Trade debts +€125,270
up €125,270 (+92.7%), from €135,155 to €260,425
- Gross operating margin +€255,634
up €255,634 (+82.4%), from €310,168 to €565,802
- Taxes +€86,028
up €86,028 (+185%), from €46,422 to €132,450
- Staff costs +€21,201
new in 2025: €21,201
- Depreciation +€12,773
up €12,773 (+217%), from €5,877 to €18,650
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 | €373,971 | €878,300 | +€504,329 | +135% |
| Fixed assets | 21/28 | €24,420 | €35,262 | +€10,843 | +44.4% |
| Tangible fixed assets | 22/27 | €20,340 | €31,066 | +€10,727 | +52.7% |
| Furniture and vehicles | 24 | €20,340 | €31,066 | +€10,727 | +52.7% |
| Financial fixed assets | 28 | €4,080 | €4,196 | +€116 | +2.8% |
| Current assets | 29/58 | €349,551 | €843,037 | +€493,486 | +141% |
| Stocks and contracts in progress | 3 | €128,609 | €72,000 | -€56,609 | -44.0% |
| Stocks | 30/36 | €128,609 | €72,000 | -€56,609 | -44.0% |
| Amounts receivable within one year | 40/41 | €72,574 | €384,850 | +€312,276 | +430% |
| Trade receivables | 40 | €69,276 | €223,573 | +€154,297 | +223% |
| Other amounts receivable | 41 | €3,298 | €161,277 | +€157,979 | +4,790% |
| Cash at bank and in hand | 54/58 | €148,315 | €384,685 | +€236,369 | +159% |
| Deferred charges and accrued income | 490/1 | €52 | €1,502 | +€1,450 | +2,789% |
| Total equity and liabilities | 10/49 | €373,971 | €878,300 | +€504,329 | +135% |
| Equity | 10/15 | €183,446 | €570,976 | +€387,529 | +211% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €26,740 | €26,740 | = | 0.0% |
| Distributable reserves | 133 | €26,740 | €26,740 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,646 | €536,176 | +€387,529 | +261% |
| Amounts payable | 17/49 | €190,524 | €307,324 | +€116,800 | +61.3% |
| Amounts payable within one year | 42/48 | €184,524 | €307,324 | +€122,800 | +66.5% |
| Trade debts | 44 | €135,155 | €260,425 | +€125,270 | +92.7% |
| Suppliers | 440/4 | €135,155 | €260,425 | +€125,270 | +92.7% |
| Taxes, remuneration and social security | 45 | €16,422 | €13,935 | -€2,487 | -15.1% |
| Taxes | 450/3 | €16,422 | €1,812 | -€14,609 | -89.0% |
| Remuneration and social security | 454/9 | - | €12,122 | +€12,122 | |
| Other amounts payable | 47/48 | €32,947 | €32,964 | +€17 | +0.1% |
| Accrued charges and deferred income | 492/3 | €6,000 | - | -€6,000 | |
| Remuneration, social security and pensions | 62 | - | €21,201 | +€21,201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,877 | €18,650 | +€12,773 | +217% |
| Other operating charges | 640/8 | €4,949 | €5,540 | +€591 | +11.9% |
| Gross operating margin | 9900 | €310,168 | €565,802 | +€255,634 | +82.4% |
| Operating profit (loss) | 9901 | €299,342 | €520,410 | +€221,068 | +73.9% |
| Financial income | 75/76B | €2,129 | €0 | -€2,129 | -100.0% |
| Recurring financial income | 75 | €2,129 | €0 | -€2,129 | -100.0% |
| Financial charges | 65/66B | €1,330 | €431 | -€899 | -67.6% |
| Recurring financial charges | 65 | €1,330 | €431 | -€899 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €300,141 | €519,979 | +€219,838 | +73.2% |
| Income taxes | 67/77 | €46,422 | €132,450 | +€86,028 | +185% |
| Profit (loss) for the period | 9904 | €253,719 | €387,529 | +€133,811 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €253,719 | €387,529 | +€133,811 | +52.7% |
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 20 October 2026 via checked.be.