C&M.G: 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.G
Largest movements
- Cash -€3,164
down €3,164 (-84.8%), from €3,731 to €567
mainly Net result for the year (-€5,084) and Receivables within one year (-€1,398)
- Receivables within one year +€1,398
up €1,398 (+15.3%), from €9,113 to €10,511
- Tangible fixed assets -€579
down €579 (-33.3%), from €1,736 to €1,157
- Profit (loss) carried forward -€5,084
down €5,084 (-77.1%), from -€6,594 to -€11,678
- Other debts +€4,060
new in 2026: €4,060
- Trade debts -€1,292
down €1,292 (-8.5%), from €15,231 to €13,940
- Gross operating margin +€3,997
up €3,997 (+52.8%), from -€7,572 to -€3,575
- Other operating charges -€651
down €651 (-81.4%), from €799 to €149
- Taxes -€571
no longer reported in 2026 (was €571)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,407 | €15,062 | -€2,344 | -13.5% |
| Fixed assets | 21/28 | €1,736 | €1,157 | -€579 | -33.3% |
| Tangible fixed assets | 22/27 | €1,736 | €1,157 | -€579 | -33.3% |
| Furniture and vehicles | 24 | €1,736 | €1,157 | -€579 | -33.3% |
| Current assets | 29/58 | €15,671 | €13,905 | -€1,766 | -11.3% |
| Amounts receivable within one year | 40/41 | €9,113 | €10,511 | +€1,398 | +15.3% |
| Trade receivables | 40 | €9,113 | €10,511 | +€1,398 | +15.3% |
| Cash at bank and in hand | 54/58 | €3,731 | €567 | -€3,164 | -84.8% |
| Deferred charges and accrued income | 490/1 | €2,827 | €2,827 | = | 0.0% |
| Total equity and liabilities | 10/49 | €17,407 | €15,062 | -€2,344 | -13.5% |
| Equity | 10/15 | -€394 | -€5,478 | -€5,084 | -1290.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,594 | -€11,678 | -€5,084 | -77.1% |
| Amounts payable | 17/49 | €17,800 | €20,540 | +€2,740 | +15.4% |
| Amounts payable within one year | 42/48 | €17,800 | €20,540 | +€2,740 | +15.4% |
| Financial debts | 43 | - | €41 | +€41 | |
| Credit institutions | 430/8 | - | €41 | +€41 | |
| Trade debts | 44 | €15,231 | €13,940 | -€1,292 | -8.5% |
| Suppliers | 440/4 | €15,231 | €13,940 | -€1,292 | -8.5% |
| Taxes, remuneration and social security | 45 | €2,569 | €2,500 | -€69 | -2.7% |
| Taxes | 450/3 | €2,569 | €2,500 | -€69 | -2.7% |
| Other amounts payable | 47/48 | - | €4,060 | +€4,060 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €579 | €579 | = | 0.0% |
| Other operating charges | 640/8 | €799 | €149 | -€651 | -81.4% |
| Gross operating margin | 9900 | -€7,572 | -€3,575 | +€3,997 | +52.8% |
| Operating profit (loss) | 9901 | -€8,950 | -€4,302 | +€4,648 | +51.9% |
| Financial charges | 65/66B | €742 | €782 | +€40 | +5.4% |
| Recurring financial charges | 65 | €742 | €782 | +€40 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,692 | -€5,084 | +€4,608 | +47.5% |
| Income taxes | 67/77 | €571 | - | -€571 | |
| Profit (loss) for the period | 9904 | -€10,263 | -€5,084 | +€5,179 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,263 | -€5,084 | +€5,179 | +50.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.