C.M.C. PROJECTS: what changed
Two fiscal 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.M.C. PROJECTS
Largest movements
- Receivables within one year -€575,250
down €575,250 (-25.6%), from €2.2m to €1.7m
of which Trade receivables: -€375,000
- Receivables after one year -€500,000
down €500,000 (-100.0%), from €500,000 to €0
- Cash +€348,047
up €348,047 (+1170.7%), from €29,729 to €377,776
mainly Receivables within one year (+€575,250) and Net result for the year (+€522,677)
- Other debts -€783,817
down €783,817 (-54.6%), from €1.4m to €651,290
- Profit (loss) carried forward +€521,844
up €521,844 (+35.5%), from €1.5m to €2.0m
- Short-term financial debts -€373,166
down €373,166 (-24.8%), from €1.5m to €1.1m
- Reserves -€114,000
down €114,000 (-6.6%), from €1.7m to €1.6m
- Depreciation -€346,111
down €346,111 (-84.1%), from €411,482 to €65,371
- Gross operating margin +€304,161
up €304,161 (+61.4%), from €494,979 to €799,140
- Taxes +€146,624
up €146,624 (+905.1%), from €16,200 to €162,824
- Financial income -€42,452
down €42,452 (-59.6%), from €71,208 to €28,755
- Financial charges -€33,872
down €33,872 (-33.0%), from €102,793 to €68,920
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 | €6,459,205 | €5,708,957 | -€750,248 | -11.6% |
| Fixed assets | 21/28 | €2,595,881 | €2,535,325 | -€60,555 | -2.3% |
| Tangible fixed assets | 22/27 | €2,595,881 | €2,535,325 | -€60,555 | -2.3% |
| Land and buildings | 22 | €2,589,456 | €2,535,325 | -€54,130 | -2.1% |
| Furniture and vehicles | 24 | €6,425 | €0 | -€6,425 | -100.0% |
| Current assets | 29/58 | €3,863,324 | €3,173,632 | -€689,692 | -17.9% |
| Amounts receivable after more than one year | 29 | €500,000 | €0 | -€500,000 | -100.0% |
| Trade receivables | 290 | €500,000 | €0 | -€500,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €2,249,820 | €1,674,570 | -€575,250 | -25.6% |
| Trade receivables | 40 | €375,000 | €0 | -€375,000 | -100.0% |
| Other amounts receivable | 41 | €1,874,820 | €1,674,570 | -€200,250 | -10.7% |
| Current investments | 50/53 | €1,000,000 | €1,018,425 | +€18,425 | +1.8% |
| Cash at bank and in hand | 54/58 | €29,729 | €377,776 | +€348,047 | +1170.7% |
| Deferred charges and accrued income | 490/1 | €83,775 | €102,861 | +€19,085 | +22.8% |
| Total equity and liabilities | 10/49 | €6,459,205 | €5,708,957 | -€750,248 | -11.6% |
| Equity | 10/15 | €3,210,980 | €3,618,824 | +€407,844 | +12.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,728,110 | €1,614,110 | -€114,000 | -6.6% |
| Distributable reserves | 133 | €1,728,110 | €1,614,110 | -€114,000 | -6.6% |
| Profit (loss) carried forward | 14 | €1,470,470 | €1,992,314 | +€521,844 | +35.5% |
| Amounts payable | 17/49 | €3,248,225 | €2,090,133 | -€1.2m | -35.7% |
| Amounts payable after more than one year | 17 | €239,478 | €191,744 | -€47,734 | -19.9% |
| Financial debts | 170/4 | €239,478 | €191,744 | -€47,734 | -19.9% |
| Amounts payable within one year | 42/48 | €3,007,655 | €1,893,857 | -€1.1m | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €48,020 | €49,018 | +€998 | +2.1% |
| Financial debts | 43 | €1,502,559 | €1,129,394 | -€373,166 | -24.8% |
| Credit institutions | 430/8 | €1,502,559 | €1,129,394 | -€373,166 | -24.8% |
| Trade debts | 44 | €1,961 | €5,143 | +€3,182 | +162.3% |
| Suppliers | 440/4 | €1,961 | €5,143 | +€3,182 | +162.3% |
| Taxes, remuneration and social security | 45 | €20,008 | €59,012 | +€39,005 | +194.9% |
| Taxes | 450/3 | €20,008 | €59,012 | +€39,005 | +194.9% |
| Other amounts payable | 47/48 | €1,435,107 | €651,290 | -€783,817 | -54.6% |
| Accrued charges and deferred income | 492/3 | €1,092 | €4,531 | +€3,439 | +315.0% |
| Non-recurring operating income | 76A | - | €22,575 | +€22,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €411,482 | €65,371 | -€346,111 | -84.1% |
| Other operating charges | 640/8 | €6,106 | €8,103 | +€1,997 | +32.7% |
| Gross operating margin | 9900 | €494,979 | €799,140 | +€304,161 | +61.4% |
| Operating profit (loss) | 9901 | €77,391 | €725,666 | +€648,275 | +837.7% |
| Financial income | 75/76B | €71,208 | €28,755 | -€42,452 | -59.6% |
| Recurring financial income | 75 | €71,208 | €28,755 | -€42,452 | -59.6% |
| Financial charges | 65/66B | €102,793 | €68,920 | -€33,872 | -33.0% |
| Recurring financial charges | 65 | €102,793 | €68,920 | -€33,872 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €45,806 | €685,501 | +€639,695 | +1396.5% |
| Income taxes | 67/77 | €16,200 | €162,824 | +€146,624 | +905.1% |
| Profit (loss) for the period | 9904 | €29,606 | €522,677 | +€493,072 | +1665.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,606 | €522,677 | +€493,072 | +1665.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.