C&M CONCEPT: 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 CONCEPT
Largest movements
- Cash +€41,618
up €41,618 (+1907.3%), from €2,182 to €43,800
mainly Depreciation (+€26,317) and Receivables within one year (+€17,876)
- Receivables within one year -€17,876
down €17,876 (-80.8%), from €22,131 to €4,255
- Tangible fixed assets -€12,569
down €12,569 (-15.4%), from €81,505 to €68,936
of which Plant, machinery and equipment: -€9,813
- Reserves +€9,132
up €9,132 (+141.5%), from €6,456 to €15,588
- Trade debts +€8,593
up €8,593 (+629.7%), from €1,365 to €9,957
- Current portion of long-term debt -€5,313
down €5,313 (-55.6%), from €9,559 to €4,246
- Debts after one year -€4,246
down €4,246 (-10.5%), from €40,546 to €36,300
of which Financial debts: -€4,246
- Tax, wage and social debts +€3,770
up €3,770 (+86.8%), from €4,344 to €8,115
of which Taxes: +€4,393
- Gross operating margin +€22,353
up €22,353 (+101.9%), from €21,928 to €44,280
- Staff costs -€9,591
no longer reported in 2025 (was €9,591)
- Taxes +€2,638
up €2,638 (+135982.5%), from €2 to €2,640
- Other operating charges +€2,386
up €2,386 (+67.4%), from €3,538 to €5,924
- Depreciation +€1,839
up €1,839 (+7.5%), from €24,478 to €26,317
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 | €113,096 | €124,691 | +€11,595 | +10.3% |
| Fixed assets | 21/28 | €81,505 | €68,936 | -€12,569 | -15.4% |
| Tangible fixed assets | 22/27 | €81,505 | €68,936 | -€12,569 | -15.4% |
| Plant, machinery and equipment | 23 | €29,204 | €19,391 | -€9,813 | -33.6% |
| Furniture and vehicles | 24 | €25,352 | €30,996 | +€5,644 | +22.3% |
| Leasing and similar rights | 25 | €26,949 | €18,549 | -€8,400 | -31.2% |
| Current assets | 29/58 | €31,592 | €55,756 | +€24,164 | +76.5% |
| Amounts receivable within one year | 40/41 | €22,131 | €4,255 | -€17,876 | -80.8% |
| Trade receivables | 40 | €22,131 | €4,255 | -€17,876 | -80.8% |
| Cash at bank and in hand | 54/58 | €2,182 | €43,800 | +€41,618 | +1907.3% |
| Deferred charges and accrued income | 490/1 | €7,278 | €7,700 | +€422 | +5.8% |
| Total equity and liabilities | 10/49 | €113,096 | €124,691 | +€11,595 | +10.3% |
| Equity | 10/15 | €11,456 | €20,588 | +€9,132 | +79.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,456 | €15,588 | +€9,132 | +141.5% |
| Distributable reserves | 133 | €6,456 | €15,588 | +€9,132 | +141.5% |
| Amounts payable | 17/49 | €101,641 | €104,103 | +€2,463 | +2.4% |
| Amounts payable after more than one year | 17 | €40,546 | €36,300 | -€4,246 | -10.5% |
| Financial debts | 170/4 | €4,246 | - | -€4,246 | |
| Other amounts payable | 178/9 | €36,300 | €36,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €61,095 | €67,803 | +€6,709 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €9,559 | €4,246 | -€5,313 | -55.6% |
| Trade debts | 44 | €1,365 | €9,957 | +€8,593 | +629.7% |
| Suppliers | 440/4 | €1,365 | €9,957 | +€8,593 | +629.7% |
| Taxes, remuneration and social security | 45 | €4,344 | €8,115 | +€3,770 | +86.8% |
| Taxes | 450/3 | €3,722 | €8,115 | +€4,393 | +118.0% |
| Remuneration and social security | 454/9 | €622 | - | -€622 | |
| Other amounts payable | 47/48 | €45,827 | €45,485 | -€342 | -0.7% |
| Remuneration, social security and pensions | 62 | €9,591 | - | -€9,591 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,478 | €26,317 | +€1,839 | +7.5% |
| Other operating charges | 640/8 | €3,538 | €5,924 | +€2,386 | +67.4% |
| Gross operating margin | 9900 | €21,928 | €44,280 | +€22,353 | +101.9% |
| Operating profit (loss) | 9901 | -€15,680 | €12,039 | +€27,718 | |
| Financial income | 75/76B | €328 | €396 | +€68 | +20.9% |
| Recurring financial income | 75 | €328 | €396 | +€68 | +20.9% |
| Financial charges | 65/66B | €1,316 | €663 | -€653 | -49.6% |
| Recurring financial charges | 65 | €1,316 | €663 | -€653 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,667 | €11,772 | +€28,440 | |
| Income taxes | 67/77 | €2 | €2,640 | +€2,638 | +135982.5% |
| Profit (loss) for the period | 9904 | -€16,669 | €9,132 | +€25,802 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,669 | €9,132 | +€25,802 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.