C-M.E.X.: 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.X.
Largest movements
- Cash +€69,859
up €69,859 (+124.9%), from €55,934 to €125,793
mainly Net result for the year (+€74,475) and Tax, wage and social debts (+€38,584)
- Deferred charges and accrued income +€13,447
up €13,447 (+2062.6%), from €652 to €14,099
- Receivables within one year -€3,303
no longer reported in 2025 (was €3,303)
- Profit (loss) carried forward +€74,475
up €74,475 (+1140.9%), from €6,527 to €81,002
- Tax, wage and social debts +€38,584
up €38,584 (+470.9%), from €8,194 to €46,779
of which Taxes: +€31,384
- Trade debts -€30,550
down €30,550 (-98.2%), from €31,096 to €545
- Other debts -€2,052
down €2,052 (-15.1%), from €13,565 to €11,513
- Gross operating margin +€85,696
up €85,696 (+711.8%), from €12,040 to €97,736
- Taxes +€16,644
up €16,644 (+444.5%), from €3,744 to €20,388
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 | €60,382 | €140,839 | +€80,457 | +133.2% |
| Fixed assets | 21/28 | €493 | €947 | +€454 | +92.0% |
| Tangible fixed assets | 22/27 | €493 | €947 | +€454 | +92.0% |
| Plant, machinery and equipment | 23 | €493 | €262 | -€231 | -46.8% |
| Furniture and vehicles | 24 | - | €685 | +€685 | |
| Current assets | 29/58 | €59,889 | €139,892 | +€80,003 | +133.6% |
| Amounts receivable within one year | 40/41 | €3,303 | - | -€3,303 | |
| Trade receivables | 40 | €3,303 | - | -€3,303 | |
| Cash at bank and in hand | 54/58 | €55,934 | €125,793 | +€69,859 | +124.9% |
| Deferred charges and accrued income | 490/1 | €652 | €14,099 | +€13,447 | +2062.6% |
| Total equity and liabilities | 10/49 | €60,382 | €140,839 | +€80,457 | +133.2% |
| Equity | 10/15 | €7,527 | €82,002 | +€74,475 | +989.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,527 | €81,002 | +€74,475 | +1140.9% |
| Amounts payable | 17/49 | €52,855 | €58,837 | +€5,982 | +11.3% |
| Amounts payable within one year | 42/48 | €52,855 | €58,837 | +€5,982 | +11.3% |
| Trade debts | 44 | €31,096 | €545 | -€30,550 | -98.2% |
| Suppliers | 440/4 | €31,096 | €545 | -€30,550 | -98.2% |
| Taxes, remuneration and social security | 45 | €8,194 | €46,779 | +€38,584 | +470.9% |
| Taxes | 450/3 | €8,194 | €39,579 | +€31,384 | +383.0% |
| Remuneration and social security | 454/9 | - | €7,200 | +€7,200 | |
| Other amounts payable | 47/48 | €13,565 | €11,513 | -€2,052 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199 | €514 | +€314 | +157.8% |
| Other operating charges | 640/8 | €1,477 | €2,288 | +€811 | +54.9% |
| Gross operating margin | 9900 | €12,040 | €97,736 | +€85,696 | +711.8% |
| Operating profit (loss) | 9901 | €10,364 | €94,934 | +€84,570 | +816.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €92 | €72 | -€20 | -21.7% |
| Recurring financial charges | 65 | €92 | €72 | -€20 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €10,272 | €94,862 | +€84,591 | +823.5% |
| Income taxes | 67/77 | €3,744 | €20,388 | +€16,644 | +444.5% |
| Profit (loss) for the period | 9904 | €6,527 | €74,475 | +€67,947 | +1040.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,527 | €74,475 | +€67,947 | +1040.9% |
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 9 October 2026 via checked.be.