"C.E.M.T": 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.
"C.E.M.T"
Largest movements
- Stocks and contracts +€7,589
up €7,589 (+8.6%), from €88,000 to €95,589
- Cash +€3,568
new in 2024: €3,568
mainly Tax, wage and social debts (+€8,070) and Net result for the year (+€3,014)
- Receivables within one year -€2,170
down €2,170 (-38.9%), from €5,574 to €3,404
- Tangible fixed assets -€1,330
down €1,330 (-10.6%), from €12,558 to €11,228
- Current investments -€1,260
no longer reported in 2024 (was €1,260)
- Tax, wage and social debts +€8,070
up €8,070 (+43.6%), from €18,506 to €26,575
of which Taxes: +€7,455
- Profit (loss) carried forward +€3,014
up €3,014 (+5.0%), from €60,700 to €63,715
- Trade debts -€2,709
down €2,709 (-10.5%), from €25,734 to €23,025
- Other debts -€1,978
no longer reported in 2024 (was €1,978)
- Staff costs +€29,376
up €29,376 (+237%), from €12,415 to €41,791
- Gross operating margin +€13,372
up €13,372 (+28.3%), from €47,199 to €60,571
- Other operating charges +€10,374
up €10,374 (+1,024%), from €1,013 to €11,386
- Taxes -€5,813
down €5,813 (-70.4%), from €8,258 to €2,445
- Depreciation +€1,108
up €1,108 (+500%), from €222 to €1,330
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,792 | €125,189 | +€6,397 | +5.4% |
| Fixed assets | 21/28 | €23,958 | €22,628 | -€1,330 | -5.6% |
| Tangible fixed assets | 22/27 | €12,558 | €11,228 | -€1,330 | -10.6% |
| Furniture and vehicles | 24 | €12,558 | €11,228 | -€1,330 | -10.6% |
| Financial fixed assets | 28 | €11,400 | €11,400 | = | 0.0% |
| Current assets | 29/58 | €94,834 | €102,561 | +€7,727 | +8.1% |
| Stocks and contracts in progress | 3 | €88,000 | €95,589 | +€7,589 | +8.6% |
| Stocks | 30/36 | €88,000 | €95,589 | +€7,589 | +8.6% |
| Amounts receivable within one year | 40/41 | €5,574 | €3,404 | -€2,170 | -38.9% |
| Other amounts receivable | 41 | €5,574 | €3,404 | -€2,170 | -38.9% |
| Current investments | 50/53 | €1,260 | - | -€1,260 | |
| Cash at bank and in hand | 54/58 | - | €3,568 | +€3,568 | |
| Total equity and liabilities | 10/49 | €118,792 | €125,189 | +€6,397 | +5.4% |
| Equity | 10/15 | €70,700 | €73,715 | +€3,014 | +4.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,700 | €63,715 | +€3,014 | +5.0% |
| Amounts payable | 17/49 | €48,092 | €51,474 | +€3,382 | +7.0% |
| Amounts payable within one year | 42/48 | €48,092 | €51,474 | +€3,382 | +7.0% |
| Financial debts | 43 | €1,874 | €1,874 | = | 0.0% |
| Credit institutions | 430/8 | €1,874 | €1,874 | = | 0.0% |
| Trade debts | 44 | €25,734 | €23,025 | -€2,709 | -10.5% |
| Suppliers | 440/4 | €25,734 | €23,025 | -€2,709 | -10.5% |
| Taxes, remuneration and social security | 45 | €18,506 | €26,575 | +€8,070 | +43.6% |
| Taxes | 450/3 | €18,506 | €25,961 | +€7,455 | +40.3% |
| Remuneration and social security | 454/9 | - | €614 | +€614 | |
| Other amounts payable | 47/48 | €1,978 | - | -€1,978 | |
| Remuneration, social security and pensions | 62 | €12,415 | €41,791 | +€29,376 | +237% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222 | €1,330 | +€1,108 | +500% |
| Other operating charges | 640/8 | €1,013 | €11,386 | +€10,374 | +1,024% |
| Gross operating margin | 9900 | €47,199 | €60,571 | +€13,372 | +28.3% |
| Operating profit (loss) | 9901 | €33,549 | €6,063 | -€27,486 | -81.9% |
| Financial charges | 65/66B | €1,530 | €604 | -€926 | -60.5% |
| Recurring financial charges | 65 | €1,530 | €604 | -€926 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €32,019 | €5,459 | -€26,559 | -82.9% |
| Income taxes | 67/77 | €8,258 | €2,445 | -€5,813 | -70.4% |
| Profit (loss) for the period | 9904 | €23,761 | €3,014 | -€20,746 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,761 | €3,014 | -€20,746 | -87.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.