C.M.T.I.: 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.I.
Largest movements
- Deferred charges and accrued income +€101,503
up €101,503 (+2,953%), from €3,437 to €104,940
- Stocks and contracts -€46,820
down €46,820 (-100%), from €46,820 to €0
- Receivables within one year -€33,841
down €33,841 (-19.5%), from €173,158 to €139,318
of which Trade receivables: -€36,428
- Cash +€21,001
up €21,001 (+117%), from €17,907 to €38,908
mainly Stocks and contracts (+€46,820) and Receivables within one year (+€33,841)
- Tangible fixed assets -€11,365
down €11,365 (-18.0%), from €63,257 to €51,891
of which Plant, machinery and equipment: -€8,694
- Debts after one year +€20,610
up €20,610 (+129%), from €15,950 to €36,560
of which Financial debts: +€20,610
- Reserves +€10,295
up €10,295 (+103%), from €10,000 to €20,295
- Trade debts -€7,287
down €7,287 (-7.7%), from €94,994 to €87,707
- Current portion of long-term debt +€6,319
up €6,319 (+126%), from €5,022 to €11,340
- Gross operating margin -€62,433
down €62,433 (-23.2%), from €269,033 to €206,600
- Staff costs -€21,587
down €21,587 (-11.5%), from €187,755 to €166,169
- Taxes -€12,091
down €12,091 (-67.1%), from €18,020 to €5,930
- Depreciation +€8,286
up €8,286 (+78.8%), from €10,519 to €18,804
- Financial income -€3,453
down €3,453 (-97.6%), from €3,536 to €84
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 | €304,769 | €335,247 | +€30,478 | +10.0% |
| Fixed assets | 21/28 | €63,447 | €52,081 | -€11,365 | -17.9% |
| Tangible fixed assets | 22/27 | €63,257 | €51,891 | -€11,365 | -18.0% |
| Plant, machinery and equipment | 23 | €44,816 | €36,122 | -€8,694 | -19.4% |
| Furniture and vehicles | 24 | €18,440 | €15,769 | -€2,671 | -14.5% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €241,322 | €283,166 | +€41,843 | +17.3% |
| Stocks and contracts in progress | 3 | €46,820 | €0 | -€46,820 | -100% |
| Stocks | 30/36 | €46,820 | €0 | -€46,820 | -100% |
| Amounts receivable within one year | 40/41 | €173,158 | €139,318 | -€33,841 | -19.5% |
| Trade receivables | 40 | €154,969 | €118,540 | -€36,428 | -23.5% |
| Other amounts receivable | 41 | €18,190 | €20,777 | +€2,588 | +14.2% |
| Cash at bank and in hand | 54/58 | €17,907 | €38,908 | +€21,001 | +117% |
| Deferred charges and accrued income | 490/1 | €3,437 | €104,940 | +€101,503 | +2,953% |
| Total equity and liabilities | 10/49 | €304,769 | €335,247 | +€30,478 | +10.0% |
| Equity | 10/15 | €141,883 | €152,178 | +€10,295 | +7.3% |
| Contributions | 10/11 | €11,860 | €11,860 | = | 0.0% |
| Reserves | 13 | €10,000 | €20,295 | +€10,295 | +103% |
| Distributable reserves | 133 | €10,000 | €20,295 | +€10,295 | +103% |
| Profit (loss) carried forward | 14 | €120,023 | €120,023 | = | 0.0% |
| Amounts payable | 17/49 | €162,886 | €183,069 | +€20,183 | +12.4% |
| Amounts payable after more than one year | 17 | €15,950 | €36,560 | +€20,610 | +129% |
| Financial debts | 170/4 | €3,950 | €24,560 | +€20,610 | +522% |
| Other amounts payable | 178/9 | €12,000 | €12,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €143,551 | €142,031 | -€1,520 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €5,022 | €11,340 | +€6,319 | +126% |
| Trade debts | 44 | €94,994 | €87,707 | -€7,287 | -7.7% |
| Suppliers | 440/4 | €94,994 | €87,707 | -€7,287 | -7.7% |
| Taxes, remuneration and social security | 45 | €38,046 | €37,185 | -€861 | -2.3% |
| Taxes | 450/3 | €14,728 | €13,756 | -€973 | -6.6% |
| Remuneration and social security | 454/9 | €23,318 | €23,430 | +€112 | +0.5% |
| Other amounts payable | 47/48 | €5,489 | €5,798 | +€309 | +5.6% |
| Accrued charges and deferred income | 492/3 | €3,386 | €4,478 | +€1,092 | +32.3% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €187,755 | €166,169 | -€21,587 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,519 | €18,804 | +€8,286 | +78.8% |
| Other operating charges | 640/8 | €2,165 | €2,689 | +€524 | +24.2% |
| Gross operating margin | 9900 | €269,033 | €206,600 | -€62,433 | -23.2% |
| Operating profit (loss) | 9901 | €68,594 | €18,938 | -€49,656 | -72.4% |
| Financial income | 75/76B | €3,536 | €84 | -€3,453 | -97.6% |
| Recurring financial income | 75 | €3,536 | €84 | -€3,453 | -97.6% |
| Financial charges | 65/66B | €1,593 | €2,797 | +€1,204 | +75.6% |
| Recurring financial charges | 65 | €1,593 | €2,797 | +€1,204 | +75.6% |
| Profit (loss) for the period before taxes | 9903 | €70,537 | €16,224 | -€54,313 | -77.0% |
| Income taxes | 67/77 | €18,020 | €5,930 | -€12,091 | -67.1% |
| Profit (loss) for the period | 9904 | €52,517 | €10,295 | -€42,222 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,517 | €10,295 | -€42,222 | -80.4% |
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.