C.M.P.M: 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.M
Largest movements
- Cash -€26,880
down €26,880 (-87.9%), from €30,571 to €3,691
mainly Investment in fixed assets (net) (-€54,969) and Debts after one year (-€40,371)
- Tangible fixed assets +€21,871
up €21,871 (+11.0%), from €199,440 to €221,311
of which Other tangible fixed assets: +€46,361
- Receivables within one year -€14,000
down €14,000 (-21.5%), from €65,014 to €51,014
- Debts after one year -€40,371
down €40,371 (-6.1%), from €665,161 to €624,790
of which Financial debts: -€37,971
- Other debts +€28,000
up €28,000 (+7.9%), from €353,007 to €381,007
- Financial charges +€17,567
up €17,567 (+332%), from €5,299 to €22,866
- Other operating charges -€10,858
no longer reported in 2025 (was €10,858)
- Depreciation +€7,540
up €7,540 (+29.5%), from €25,559 to €33,098
- Taxes -€1,734
down €1,734 (-100.0%), from €1,734 to €0
- Financial income -€624
down €624 (-98.8%), from €631 to €7
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 | €1,249,400 | €1,230,390 | -€19,009 | -1.5% |
| Fixed assets | 21/28 | €1,153,815 | €1,175,686 | +€21,871 | +1.9% |
| Tangible fixed assets | 22/27 | €199,440 | €221,311 | +€21,871 | +11.0% |
| Land and buildings | 22 | €97,669 | €80,375 | -€17,294 | -17.7% |
| Plant, machinery and equipment | 23 | €67,073 | €59,876 | -€7,196 | -10.7% |
| Other tangible fixed assets | 26 | €34,699 | €81,060 | +€46,361 | +134% |
| Financial fixed assets | 28 | €954,375 | €954,375 | = | 0.0% |
| Current assets | 29/58 | €95,584 | €54,704 | -€40,880 | -42.8% |
| Amounts receivable within one year | 40/41 | €65,014 | €51,014 | -€14,000 | -21.5% |
| Other amounts receivable | 41 | €65,014 | €51,014 | -€14,000 | -21.5% |
| Cash at bank and in hand | 54/58 | €30,571 | €3,691 | -€26,880 | -87.9% |
| Total equity and liabilities | 10/49 | €1,249,400 | €1,230,390 | -€19,009 | -1.5% |
| Equity | 10/15 | €189,855 | €182,541 | -€7,314 | -3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,350 | €33,350 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,300 | €8,300 | = | 0.0% |
| Distributable reserves | 133 | €18,850 | €18,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,905 | €130,591 | -€7,314 | -5.3% |
| Amounts payable | 17/49 | €1,059,545 | €1,047,850 | -€11,696 | -1.1% |
| Amounts payable after more than one year | 17 | €665,161 | €624,790 | -€40,371 | -6.1% |
| Financial debts | 170/4 | €657,281 | €619,310 | -€37,971 | -5.8% |
| Other amounts payable | 178/9 | €7,880 | €5,480 | -€2,400 | -30.5% |
| Amounts payable within one year | 42/48 | €394,384 | €423,059 | +€28,675 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €36,718 | €37,971 | +€1,253 | +3.4% |
| Trade debts | 44 | €2,318 | €1,740 | -€578 | -24.9% |
| Suppliers | 440/4 | €2,318 | €1,740 | -€578 | -24.9% |
| Taxes, remuneration and social security | 45 | €2,341 | €2,341 | = | 0.0% |
| Taxes | 450/3 | €2,341 | €2,341 | = | 0.0% |
| Other amounts payable | 47/48 | €353,007 | €381,007 | +€28,000 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,559 | €33,098 | +€7,540 | +29.5% |
| Other operating charges | 640/8 | €10,858 | - | -€10,858 | |
| Gross operating margin | 9900 | €48,668 | €48,644 | -€25 | -0.1% |
| Operating profit (loss) | 9901 | €12,251 | €15,545 | +€3,294 | +26.9% |
| Financial income | 75/76B | €631 | €7 | -€624 | -98.8% |
| Recurring financial income | 75 | €631 | €7 | -€624 | -98.8% |
| Financial charges | 65/66B | €5,299 | €22,866 | +€17,567 | +332% |
| Recurring financial charges | 65 | €5,299 | €22,866 | +€17,567 | +332% |
| Profit (loss) for the period before taxes | 9903 | €7,584 | -€7,313 | -€14,897 | |
| Income taxes | 67/77 | €1,734 | €0 | -€1,734 | -100.0% |
| Profit (loss) for the period | 9904 | €5,849 | -€7,314 | -€13,163 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,849 | -€7,314 | -€13,163 |
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 23 October 2026 via checked.be.