C.M.T.: 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.T.
Largest movements
- Tangible fixed assets -€16,852
down €16,852 (-6.4%), from €261,954 to €245,102
of which Land and buildings: -€9,940
- Debts after one year -€17,702
down €17,702 (-18.3%), from €96,638 to €78,936
- Profit (loss) carried forward -€12,337
down €12,337 (-18.3%), from -€67,337 to -€79,673
- Current portion of long-term debt +€9,001
up €9,001 (+15,001,967%), from €0 to €9,001
- Other debts +€6,670
up €6,670 (+3.7%), from €180,019 to €186,689
- Trade debts -€5,500
down €5,500 (-72.1%), from €7,626 to €2,126
- Gross operating margin +€5,012
up €5,012 (+55.6%), from €9,015 to €14,028
- Other operating charges +€2,372
up €2,372 (+1,037%), from €229 to €2,601
- Depreciation +€1,376
up €1,376 (+7.5%), from €18,440 to €19,816
- Financial charges -€635
down €635 (-12.7%), from €4,998 to €4,362
- Financial income +€414
new in 2025: €414
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €266,963 | €247,197 | -€19,766 | -7.4% |
| Formation expenses | 20 | €1,863 | - | -€1,863 | |
| Fixed assets | 21/28 | €261,954 | €245,102 | -€16,852 | -6.4% |
| Tangible fixed assets | 22/27 | €261,954 | €245,102 | -€16,852 | -6.4% |
| Land and buildings | 22 | €227,433 | €217,493 | -€9,940 | -4.4% |
| Plant, machinery and equipment | 23 | €27,172 | €21,674 | -€5,499 | -20.2% |
| Furniture and vehicles | 24 | €7,349 | €5,936 | -€1,413 | -19.2% |
| Current assets | 29/58 | €3,146 | €2,095 | -€1,051 | -33.4% |
| Stocks and contracts in progress | 3 | €60 | €60 | = | 0.0% |
| Stocks | 30/36 | €60 | €60 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,086 | €2,035 | -€1,051 | -34.0% |
| Trade receivables | 40 | €2,566 | €1,618 | -€948 | -36.9% |
| Other amounts receivable | 41 | €520 | €417 | -€103 | -19.8% |
| Total equity and liabilities | 10/49 | €266,963 | €247,197 | -€19,766 | -7.4% |
| Equity | 10/15 | -€25,888 | -€38,224 | -€12,337 | -47.7% |
| Contributions | 10/11 | €32,226 | €32,226 | = | 0.0% |
| Reserves | 13 | €9,223 | €9,223 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,223 | €3,223 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,223 | €3,223 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,337 | -€79,673 | -€12,337 | -18.3% |
| Amounts payable | 17/49 | €292,851 | €285,422 | -€7,429 | -2.5% |
| Amounts payable after more than one year | 17 | €96,638 | €78,936 | -€17,702 | -18.3% |
| Financial debts | 170/4 | €96,638 | €78,936 | -€17,702 | -18.3% |
| Amounts payable within one year | 42/48 | €196,213 | €206,486 | +€10,273 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | €9,001 | +€9,001 | +15,001,967% |
| Financial debts | 43 | €8,258 | €8,512 | +€254 | +3.1% |
| Credit institutions | 430/8 | €8,258 | €8,512 | +€254 | +3.1% |
| Trade debts | 44 | €7,626 | €2,126 | -€5,500 | -72.1% |
| Suppliers | 440/4 | €7,626 | €2,126 | -€5,500 | -72.1% |
| Taxes, remuneration and social security | 45 | €311 | €158 | -€153 | -49.2% |
| Taxes | 450/3 | €311 | €158 | -€153 | -49.2% |
| Other amounts payable | 47/48 | €180,019 | €186,689 | +€6,670 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,440 | €19,816 | +€1,376 | +7.5% |
| Other operating charges | 640/8 | €229 | €2,601 | +€2,372 | +1,037% |
| Gross operating margin | 9900 | €9,015 | €14,028 | +€5,012 | +55.6% |
| Operating profit (loss) | 9901 | -€9,653 | -€8,389 | +€1,264 | +13.1% |
| Financial income | 75/76B | - | €414 | +€414 | |
| Recurring financial income | 75 | - | €414 | +€414 | |
| Financial charges | 65/66B | €4,998 | €4,362 | -€635 | -12.7% |
| Recurring financial charges | 65 | €4,998 | €4,362 | -€635 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,651 | -€12,337 | +€2,314 | +15.8% |
| Income taxes | 67/77 | €158 | - | -€158 | |
| Profit (loss) for the period | 9904 | -€14,808 | -€12,337 | +€2,472 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,808 | -€12,337 | +€2,472 | +16.7% |
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.