C&M Holding: 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 Holding
Largest movements
- Receivables within one year -€20,000
no longer reported in 2025 (was €20,000)
- Debts after one year -€95,529
down €95,529 (-18.0%), from €532,048 to €436,519
- Profit (loss) carried forward +€60,226
up €60,226 (+188%), from €31,976 to €92,202
- Other debts +€9,950
up €9,950 (+9.9%), from €100,000 to €109,950
- Financial income +€25,500
up €25,500 (+51.0%), from €50,000 to €75,500
- Financial charges -€2,453
down €2,453 (-15.6%), from €15,740 to €13,287
- Gross operating margin +€719
up €719 (+45.2%), from -€1,590 to -€871
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 | €789,197 | €766,416 | -€22,781 | -2.9% |
| Formation expenses | 20 | €2,267 | €1,551 | -€717 | -31.6% |
| Fixed assets | 21/28 | €750,000 | €750,000 | = | 0.0% |
| Financial fixed assets | 28 | €750,000 | €750,000 | = | 0.0% |
| Current assets | 29/58 | €36,930 | €14,865 | -€22,064 | -59.7% |
| Amounts receivable within one year | 40/41 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 41 | €20,000 | - | -€20,000 | |
| Cash at bank and in hand | 54/58 | €16,930 | €14,865 | -€2,064 | -12.2% |
| Total equity and liabilities | 10/49 | €789,197 | €766,416 | -€22,781 | -2.9% |
| Equity | 10/15 | €81,976 | €142,202 | +€60,226 | +73.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,976 | €92,202 | +€60,226 | +188% |
| Amounts payable | 17/49 | €707,221 | €624,214 | -€83,007 | -11.7% |
| Amounts payable after more than one year | 17 | €532,048 | €436,519 | -€95,529 | -18.0% |
| Financial debts | 170/4 | €532,048 | €436,519 | -€95,529 | -18.0% |
| Amounts payable within one year | 42/48 | €168,407 | €180,929 | +€12,522 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €68,019 | €70,579 | +€2,560 | +3.8% |
| Trade debts | 44 | €387 | €400 | +€12 | +3.2% |
| Suppliers | 440/4 | €387 | €400 | +€12 | +3.2% |
| Other amounts payable | 47/48 | €100,000 | €109,950 | +€9,950 | +9.9% |
| Accrued charges and deferred income | 492/3 | €6,766 | €6,766 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €717 | €717 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,590 | -€871 | +€719 | +45.2% |
| Operating profit (loss) | 9901 | -€2,694 | -€1,987 | +€706 | +26.2% |
| Financial income | 75/76B | €50,000 | €75,500 | +€25,500 | +51.0% |
| Recurring financial income | 75 | €50,000 | €75,500 | +€25,500 | +51.0% |
| Financial charges | 65/66B | €15,740 | €13,287 | -€2,453 | -15.6% |
| Recurring financial charges | 65 | €15,740 | €13,287 | -€2,453 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €31,566 | €60,226 | +€28,660 | +90.8% |
| Profit (loss) for the period | 9904 | €31,566 | €60,226 | +€28,660 | +90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,566 | €60,226 | +€28,660 | +90.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.