C.M.S.: 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.S.
Largest movements
- Intangible fixed assets -€25,053
down €25,053 (-80.1%), from €31,286 to €6,233
- Receivables within one year -€20,151
down €20,151 (-78.3%), from €25,735 to €5,585
- Tangible fixed assets -€10,835
down €10,835 (-4.3%), from €251,592 to €240,756
of which Land and buildings: -€8,555
- Cash +€4,550
up €4,550 (+44.5%), from €10,218 to €14,768
mainly Depreciation (+€35,889) and Short-term financial debts (+€25,000)
- Debts after one year -€35,759
down €35,759 (-16.7%), from €214,414 to €178,655
of which Financial debts: -€35,759
- Short-term financial debts +€25,000
new in 2025: €25,000
- Current portion of long-term debt -€23,132
down €23,132 (-39.3%), from €58,891 to €35,759
- Profit (loss) carried forward -€12,379
down €12,379 (-85.6%), from -€14,461 to -€26,839
- Trade debts -€5,379
down €5,379 (-38.6%), from €13,938 to €8,559
- Other operating charges -€24,265
down €24,265 (-92.6%), from €26,201 to €1,936
- Gross operating margin -€16,556
down €16,556 (-30.3%), from €54,558 to €38,002
- Write-downs +€11,225
up €11,225, from -€11,225 to €0
- Depreciation -€1,119
down €1,119 (-3.0%), from €37,008 to €35,889
- Financial charges -€830
down €830 (-6.4%), from €13,039 to €12,209
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 | €330,417 | €279,783 | -€50,634 | -15.3% |
| Fixed assets | 21/28 | €283,089 | €247,200 | -€35,889 | -12.7% |
| Intangible fixed assets | 21 | €31,286 | €6,233 | -€25,053 | -80.1% |
| Tangible fixed assets | 22/27 | €251,592 | €240,756 | -€10,835 | -4.3% |
| Land and buildings | 22 | €238,275 | €229,719 | -€8,555 | -3.6% |
| Plant, machinery and equipment | 23 | €13,220 | €11,033 | -€2,187 | -16.5% |
| Furniture and vehicles | 24 | €97 | €4 | -€93 | -95.5% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €47,328 | €32,583 | -€14,745 | -31.2% |
| Stocks and contracts in progress | 3 | €10,437 | €11,074 | +€638 | +6.1% |
| Stocks | 30/36 | €10,437 | €11,074 | +€638 | +6.1% |
| Amounts receivable within one year | 40/41 | €25,735 | €5,585 | -€20,151 | -78.3% |
| Trade receivables | 40 | €25,735 | €5,585 | -€20,151 | -78.3% |
| Cash at bank and in hand | 54/58 | €10,218 | €14,768 | +€4,550 | +44.5% |
| Deferred charges and accrued income | 490/1 | €938 | €1,157 | +€219 | +23.3% |
| Total equity and liabilities | 10/49 | €330,417 | €279,783 | -€50,634 | -15.3% |
| Equity | 10/15 | €35,999 | €23,621 | -€12,379 | -34.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €31,860 | €31,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,461 | -€26,839 | -€12,379 | -85.6% |
| Amounts payable | 17/49 | €294,418 | €256,163 | -€38,255 | -13.0% |
| Amounts payable after more than one year | 17 | €214,414 | €178,655 | -€35,759 | -16.7% |
| Financial debts | 170/4 | €136,414 | €100,655 | -€35,759 | -26.2% |
| Other amounts payable | 178/9 | €78,000 | €78,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €79,619 | €77,108 | -€2,512 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €58,891 | €35,759 | -€23,132 | -39.3% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €13,938 | €8,559 | -€5,379 | -38.6% |
| Suppliers | 440/4 | €13,938 | €8,559 | -€5,379 | -38.6% |
| Taxes, remuneration and social security | 45 | €5,999 | €6,073 | +€74 | +1.2% |
| Taxes | 450/3 | €5,999 | €6,073 | +€74 | +1.2% |
| Other amounts payable | 47/48 | €791 | €1,717 | +€926 | +117.1% |
| Accrued charges and deferred income | 492/3 | €384 | €400 | +€15 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,008 | €35,889 | -€1,119 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,225 | €0 | +€11,225 | |
| Other operating charges | 640/8 | €26,201 | €1,936 | -€24,265 | -92.6% |
| Gross operating margin | 9900 | €54,558 | €38,002 | -€16,556 | -30.3% |
| Operating profit (loss) | 9901 | €2,574 | €178 | -€2,397 | -93.1% |
| Financial income | 75/76B | €30 | €8 | -€23 | -74.1% |
| Recurring financial income | 75 | €30 | €8 | -€23 | -74.1% |
| Financial charges | 65/66B | €13,039 | €12,209 | -€830 | -6.4% |
| Recurring financial charges | 65 | €13,039 | €12,209 | -€830 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,434 | -€12,024 | -€1,590 | -15.2% |
| Income taxes | 67/77 | €337 | €355 | +€18 | +5.3% |
| Profit (loss) for the period | 9904 | -€10,771 | -€12,379 | -€1,607 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,771 | -€12,379 | -€1,607 | -14.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.