C.M.E.CONSTRUCT: 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.
What changed
C.M.E.CONSTRUCT
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3,732
2024 · €123,909-€127,641
Equity
€1.6m
2024 · €1.7m-€99,332
Cash
€66,605
2024 · €109,402-€42,797
Balance sheet total
€7.1m
2024 · €6.0m+€1.2m
Largest movements
Assets
- Receivables within one year +€1.6m
up €1.6m (+96.0%), from €1.7m to €3.2m
of which Trade receivables: +€1.6m
- Stocks and contracts -€465,031
down €465,031 (-22.8%), from €2.0m to €1.6m
Equity and liabilities
- Trade debts +€872,816
up €872,816 (+106.4%), from €820,462 to €1.7m
- Debts after one year +€255,786
up €255,786 (+9.6%), from €2.7m to €2.9m
- Profit (loss) carried forward -€93,421
down €93,421 (-15.5%), from €601,327 to €507,906
- Tax, wage and social debts +€74,067
up €74,067 (+213.2%), from €34,734 to €108,802
of which Taxes: +€68,730
Income statement
- Staff costs +€241,735
up €241,735 (+18.8%), from €1.3m to €1.5m
- Gross operating margin +€134,445
up €134,445 (+7.9%), from €1.7m to €1.8m
- Depreciation +€35,884
up €35,884 (+35.4%), from €101,502 to €137,385
- Taxes -€27,227
down €27,227 (-62.2%), from €43,782 to €16,555
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.
Result 2024
€123,909
Gross operating margin
+€134,445
Staff costs
-€241,735
Depreciation
-€35,884
Other operating charges
-€9,613
Other operating items
+€11,331
Financial income
-€2,844
Financial charges
-€10,568
Taxes
+€27,227
Result 2025
-€3,732
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.
From operations
-€111,116
Investment
-€160,175
Financing
+€228,494
Cash 2024
€109,402
From operations (derived)
-€111,116
Net result for the year
-€3,732
Depreciation
+€137,385
Stocks and contracts
+€465,031
Receivables within one year
-€1.6m
Deferred charges and accrued income
-€50,552
Trade debts
+€872,816
Tax, wage and social debts
+€74,067
Other debts
-€18,615
Investment (derived)
-€160,175
Investment in fixed assets (net)
-€160,175
Financing
+€228,494
Debts after one year
+€255,786
Current portion of long-term debt
-€1,228
Short-term financial debts
+€69,535
Contributions, distributions and other
-€95,601
Cash 2025
€66,605
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,992,237 | €7,145,267 | +€1.2m | +19.2% |
| Fixed assets | 21/28 | €2,130,744 | €2,153,533 | +€22,789 | +1.1% |
| Intangible fixed assets | 21 | €4,185 | €27,391 | +€23,207 | +554.6% |
| Tangible fixed assets | 22/27 | €2,102,260 | €2,085,574 | -€16,686 | -0.8% |
| Land and buildings | 22 | €2,056,978 | €2,041,712 | -€15,266 | -0.7% |
| Plant, machinery and equipment | 23 | €30,669 | €29,689 | -€980 | -3.2% |
| Furniture and vehicles | 24 | €14,613 | €14,174 | -€440 | -3.0% |
| Financial fixed assets | 28 | €24,300 | €40,568 | +€16,269 | +66.9% |
| Current assets | 29/58 | €3,861,492 | €4,991,733 | +€1.1m | +29.3% |
| Stocks and contracts in progress | 3 | €2,039,589 | €1,574,557 | -€465,031 | -22.8% |
| Stocks | 30/36 | €2,039,589 | €1,574,557 | -€465,031 | -22.8% |
| Amounts receivable within one year | 40/41 | €1,654,521 | €3,242,038 | +€1.6m | +96.0% |
| Trade receivables | 40 | €1,644,945 | €3,197,778 | +€1.6m | +94.4% |
| Other amounts receivable | 41 | €9,575 | €44,261 | +€34,685 | +362.2% |
| Cash at bank and in hand | 54/58 | €109,402 | €66,605 | -€42,797 | -39.1% |
| Deferred charges and accrued income | 490/1 | €57,981 | €108,533 | +€50,552 | +87.2% |
| Total equity and liabilities | 10/49 | €5,992,237 | €7,145,267 | +€1.2m | +19.2% |
| Equity | 10/15 | €1,662,258 | €1,562,925 | -€99,332 | -6.0% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Revaluation surpluses | 12 | €829,192 | €829,192 | = | 0.0% |
| Reserves | 13 | €133,577 | €133,267 | -€311 | -0.2% |
| Tax-exempt reserves | 132 | €107,111 | €0 | -€107,111 | -100.0% |
| Distributable reserves | 133 | €26,467 | €133,267 | +€106,800 | +403.5% |
| Profit (loss) carried forward | 14 | €601,327 | €507,906 | -€93,421 | -15.5% |
| Investment grants | 15 | €77,161 | €71,560 | -€5,601 | -7.3% |
| Amounts payable | 17/49 | €4,329,979 | €5,582,342 | +€1.3m | +28.9% |
| Amounts payable after more than one year | 17 | €2,657,066 | €2,912,852 | +€255,786 | +9.6% |
| Financial debts | 170/4 | €2,657,066 | €2,912,852 | +€255,786 | +9.6% |
| Amounts payable within one year | 42/48 | €1,672,913 | €2,669,489 | +€996,576 | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €127,970 | €126,742 | -€1,228 | -1.0% |
| Financial debts | 43 | €460,183 | €529,719 | +€69,535 | +15.1% |
| Credit institutions | 430/8 | €210,183 | €229,719 | +€19,535 | +9.3% |
| Other loans | 439 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Trade debts | 44 | €820,462 | €1,693,277 | +€872,816 | +106.4% |
| Suppliers | 440/4 | €820,462 | €1,693,277 | +€872,816 | +106.4% |
| Taxes, remuneration and social security | 45 | €34,734 | €108,802 | +€74,067 | +213.2% |
| Taxes | 450/3 | €19,156 | €87,886 | +€68,730 | +358.8% |
| Remuneration and social security | 454/9 | €15,578 | €20,915 | +€5,337 | +34.3% |
| Other amounts payable | 47/48 | €229,564 | €210,949 | -€18,615 | -8.1% |
| Non-recurring operating income | 76A | €0 | €17,618 | +€17,618 | |
| Remuneration, social security and pensions | 62 | €1,284,675 | €1,526,410 | +€241,735 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,502 | €137,385 | +€35,884 | +35.4% |
| Other operating charges | 640/8 | €7,542 | €17,154 | +€9,613 | +127.5% |
| Non-recurring operating charges | 66A | €11,331 | €0 | -€11,331 | -100.0% |
| Gross operating margin | 9900 | €1,706,290 | €1,840,734 | +€134,445 | +7.9% |
| Operating profit (loss) | 9901 | €301,240 | €159,785 | -€141,455 | -47.0% |
| Financial income | 75/76B | €15,960 | €13,115 | -€2,844 | -17.8% |
| Recurring financial income | 75 | €15,960 | €13,115 | -€2,844 | -17.8% |
| Financial charges | 65/66B | €149,509 | €160,077 | +€10,568 | +7.1% |
| Recurring financial charges | 65 | €149,509 | €160,077 | +€10,568 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €167,691 | €12,823 | -€154,868 | -92.4% |
| Income taxes | 67/77 | €43,782 | €16,555 | -€27,227 | -62.2% |
| Profit (loss) for the period | 9904 | €123,909 | -€3,732 | -€127,641 | |
| Transfer from tax-exempt reserves | 789 | - | €107,111 | +€107,111 | |
| Profit (loss) for the period to be appropriated | 9905 | €123,909 | €103,379 | -€20,531 | -16.6% |
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 7 October 2026 via checked.be.