C.M.P.: 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.P.
Largest movements
- Cash -€135,213
down €135,213 (-97.1%), from €139,256 to €4,044
mainly Investment in fixed assets (net) (-€114,076) and Net result for the year (-€74,789)
- Tangible fixed assets +€48,041
up €48,041 (+6.0%), from €797,486 to €845,527
of which Land and buildings: +€52,597
- Profit (loss) carried forward -€55,725
down €55,725 (-25.4%), from -€219,476 to -€275,201
- Reserves -€19,064
down €19,064 (-6.3%), from €302,678 to €283,614
of which Tax-exempt reserves: -€19,064
- Depreciation +€12,365
up €12,365 (+23.0%), from €53,671 to €66,035
- Gross operating margin -€3,866
down €3,866 (-57.1%), from €6,775 to €2,909
- Financial income -€2,901
down €2,901 (-98.4%), from €2,948 to €47
- Write-downs -€789
down €789 (-100%), from €789 to €0
- Financial charges -€689
down €689 (-5.0%), from €13,871 to €13,182
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 | €937,782 | €850,699 | -€87,083 | -9.3% |
| Fixed assets | 21/28 | €797,486 | €845,527 | +€48,041 | +6.0% |
| Tangible fixed assets | 22/27 | €797,486 | €845,527 | +€48,041 | +6.0% |
| Land and buildings | 22 | €791,746 | €844,343 | +€52,597 | +6.6% |
| Plant, machinery and equipment | 23 | €1,104 | €865 | -€240 | -21.7% |
| Furniture and vehicles | 24 | €4,636 | €319 | -€4,317 | -93.1% |
| Current assets | 29/58 | €140,296 | €5,172 | -€135,124 | -96.3% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €139,256 | €4,044 | -€135,213 | -97.1% |
| Deferred charges and accrued income | 490/1 | €1,040 | €1,128 | +€88 | +8.5% |
| Total equity and liabilities | 10/49 | €937,782 | €850,699 | -€87,083 | -9.3% |
| Equity | 10/15 | €312,563 | €237,774 | -€74,789 | -23.9% |
| Contributions | 10/11 | €229,361 | €229,361 | = | 0.0% |
| Capital | 10 | €229,361 | €229,361 | = | 0.0% |
| Issued capital | 100 | €229,361 | €229,361 | = | 0.0% |
| Reserves | 13 | €302,678 | €283,614 | -€19,064 | -6.3% |
| Non-distributable reserves | 130/1 | €22,936 | €22,936 | = | 0.0% |
| Legal reserve | 130 | €22,936 | €22,936 | = | 0.0% |
| Tax-exempt reserves | 132 | €279,742 | €260,678 | -€19,064 | -6.8% |
| Profit (loss) carried forward | 14 | -€219,476 | -€275,201 | -€55,725 | -25.4% |
| Provisions and deferred taxes | 16 | €93,247 | €86,893 | -€6,355 | -6.8% |
| Deferred taxes | 168 | €93,247 | €86,893 | -€6,355 | -6.8% |
| Amounts payable | 17/49 | €531,972 | €526,032 | -€5,940 | -1.1% |
| Amounts payable after more than one year | 17 | €465,000 | €465,000 | = | 0.0% |
| Financial debts | 170/4 | €465,000 | €465,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €66,972 | €61,032 | -€5,940 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €571 | €351 | -€220 | -38.6% |
| Taxes | 450/3 | €571 | €351 | -€220 | -38.6% |
| Other amounts payable | 47/48 | €66,401 | €60,682 | -€5,720 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,671 | €66,035 | +€12,365 | +23.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €789 | €0 | -€789 | -100% |
| Other operating charges | 640/8 | €4,463 | €4,706 | +€243 | +5.5% |
| Gross operating margin | 9900 | €6,775 | €2,909 | -€3,866 | -57.1% |
| Operating profit (loss) | 9901 | -€52,147 | -€67,833 | -€15,685 | -30.1% |
| Financial income | 75/76B | €2,948 | €47 | -€2,901 | -98.4% |
| Recurring financial income | 75 | €2,948 | €47 | -€2,901 | -98.4% |
| Financial charges | 65/66B | €13,871 | €13,182 | -€689 | -5.0% |
| Recurring financial charges | 65 | €13,871 | €13,182 | -€689 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€63,070 | -€80,967 | -€17,897 | -28.4% |
| Transfer from deferred taxes | 780 | €6,355 | €6,355 | = | 0.0% |
| Income taxes | 67/77 | €182 | €176 | -€6 | -3.2% |
| Profit (loss) for the period | 9904 | -€56,898 | -€74,789 | -€17,891 | -31.4% |
| Transfer from tax-exempt reserves | 789 | €19,064 | €19,064 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,834 | -€55,725 | -€17,891 | -47.3% |
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 15 October 2026 via checked.be.