C.M.E.: 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.M.E.
Largest movements
- Tangible fixed assets -€23,575
down €23,575 (-6.3%), from €375,801 to €352,227
of which Other tangible fixed assets: -€24,534
- Receivables within one year +€8,570
up €8,570 (+6.9%), from €124,446 to €133,016
of which Trade receivables: +€8,498
- Profit (loss) carried forward +€55,920
up €55,920 (+21.7%), from -€257,183 to -€201,264
- Trade debts -€18,885
down €18,885 (-84.1%), from €22,449 to €3,564
- Current portion of long-term debt -€17,166
down €17,166 (-59.6%), from €28,814 to €11,648
- Debts after one year -€11,648
down €11,648 (-2.0%), from €593,641 to €581,993
- Tax, wage and social debts -€8,269
down €8,269 (-32.8%), from €25,186 to €16,918
of which Remuneration and social security: -€6,471
- Staff costs -€12,233
down €12,233 (-18.9%), from €64,709 to €52,476
- Gross operating margin -€4,013
down €4,013 (-2.5%), from €160,175 to €156,162
- Depreciation -€3,545
down €3,545 (-9.0%), from €39,173 to €35,629
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 | €702,367 | €694,978 | -€7,390 | -1.1% |
| Fixed assets | 21/28 | €379,650 | €355,841 | -€23,809 | -6.3% |
| Intangible fixed assets | 21 | €1,151 | €917 | -€234 | -20.4% |
| Tangible fixed assets | 22/27 | €375,801 | €352,227 | -€23,575 | -6.3% |
| Land and buildings | 22 | €23,744 | €20,513 | -€3,231 | -13.6% |
| Plant, machinery and equipment | 23 | €4,624 | €3,761 | -€863 | -18.7% |
| Furniture and vehicles | 24 | €10,905 | €15,959 | +€5,054 | +46.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €336,528 | €311,994 | -€24,534 | -7.3% |
| Financial fixed assets | 28 | €2,698 | €2,698 | = | 0.0% |
| Current assets | 29/58 | €322,717 | €339,136 | +€16,419 | +5.1% |
| Stocks and contracts in progress | 3 | €195,562 | €195,562 | = | 0.0% |
| Stocks | 30/36 | €195,562 | €195,562 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €124,446 | €133,016 | +€8,570 | +6.9% |
| Trade receivables | 40 | €123,071 | €131,569 | +€8,498 | +6.9% |
| Other amounts receivable | 41 | €1,375 | €1,448 | +€72 | +5.3% |
| Cash at bank and in hand | 54/58 | €1,471 | €6,457 | +€4,986 | +339% |
| Deferred charges and accrued income | 490/1 | €1,239 | €4,101 | +€2,863 | +231% |
| Total equity and liabilities | 10/49 | €702,367 | €694,978 | -€7,390 | -1.1% |
| Equity | 10/15 | -€124,123 | -€68,204 | +€55,920 | +45.1% |
| Contributions | 10/11 | €131,200 | €131,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,183 | -€201,264 | +€55,920 | +21.7% |
| Amounts payable | 17/49 | €826,491 | €763,181 | -€63,310 | -7.7% |
| Amounts payable after more than one year | 17 | €593,641 | €581,993 | -€11,648 | -2.0% |
| Financial debts | 170/4 | €593,641 | €581,993 | -€11,648 | -2.0% |
| Amounts payable within one year | 42/48 | €219,837 | €167,548 | -€52,290 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €28,814 | €11,648 | -€17,166 | -59.6% |
| Trade debts | 44 | €22,449 | €3,564 | -€18,885 | -84.1% |
| Suppliers | 440/4 | €22,449 | €3,564 | -€18,885 | -84.1% |
| Advances received on contracts in progress | 46 | €5,337 | €5,337 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €25,186 | €16,918 | -€8,269 | -32.8% |
| Taxes | 450/3 | €12,601 | €10,803 | -€1,798 | -14.3% |
| Remuneration and social security | 454/9 | €12,585 | €6,115 | -€6,471 | -51.4% |
| Other amounts payable | 47/48 | €138,052 | €130,082 | -€7,971 | -5.8% |
| Accrued charges and deferred income | 492/3 | €13,012 | €13,641 | +€628 | +4.8% |
| Remuneration, social security and pensions | 62 | €64,709 | €52,476 | -€12,233 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,173 | €35,629 | -€3,545 | -9.0% |
| Other operating charges | 640/8 | €6,486 | €6,343 | -€143 | -2.2% |
| Gross operating margin | 9900 | €160,175 | €156,162 | -€4,013 | -2.5% |
| Operating profit (loss) | 9901 | €49,807 | €61,715 | +€11,907 | +23.9% |
| Financial income | 75/76B | €220 | €158 | -€62 | -28.2% |
| Recurring financial income | 75 | €220 | €158 | -€62 | -28.2% |
| Financial charges | 65/66B | €5,896 | €5,357 | -€539 | -9.1% |
| Recurring financial charges | 65 | €5,896 | €5,357 | -€539 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €44,131 | €56,516 | +€12,385 | +28.1% |
| Income taxes | 67/77 | €653 | €596 | -€57 | -8.7% |
| Profit (loss) for the period | 9904 | €43,478 | €55,920 | +€12,442 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,478 | €55,920 | +€12,442 | +28.6% |
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 17 October 2026 via checked.be.