C.S.M. COMPUTER, SOFTWARE & MANAGEMENT: 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.S.M. COMPUTER, SOFTWARE & MANAGEMENT
Largest movements
- Tangible fixed assets +€122,433
up €122,433 (+111%), from €110,469 to €232,903
of which Furniture and vehicles: +€121,798
- Cash +€39,023
up €39,023 (+10.9%), from €357,965 to €396,988
mainly Net result for the year (+€83,333) and Debts after one year (+€78,668)
- Receivables within one year +€16,633
up €16,633 (+13.1%), from €127,422 to €144,056
of which Trade receivables: +€17,303
- Debts after one year +€78,668
up €78,668 (+995%), from €7,908 to €86,576
- Reserves +€48,183
up €48,183 (+9.7%), from €498,246 to €546,429
of which Distributable reserves: +€48,183
- Other debts +€20,653
up €20,653 (+259%), from €7,987 to €28,640
- Tax, wage and social debts +€15,220
up €15,220 (+43.3%), from €35,127 to €50,347
of which Taxes: +€14,538
- Current portion of long-term debt +€11,975
up €11,975 (+37.3%), from €32,114 to €44,090
- Gross operating margin +€20,939
up €20,939 (+6.0%), from €351,703 to €372,642
- Depreciation -€14,346
down €14,346 (-19.8%), from €72,353 to €58,008
- Taxes +€13,011
up €13,011 (+44.4%), from €29,331 to €42,341
- Staff costs -€9,075
down €9,075 (-4.5%), from €200,989 to €191,914
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 | €603,913 | €778,254 | +€174,341 | +28.9% |
| Fixed assets | 21/28 | €110,469 | €232,903 | +€122,433 | +111% |
| Tangible fixed assets | 22/27 | €110,469 | €232,903 | +€122,433 | +111% |
| Plant, machinery and equipment | 23 | €64,716 | €65,351 | +€635 | +1.0% |
| Furniture and vehicles | 24 | €45,753 | €167,551 | +€121,798 | +266% |
| Current assets | 29/58 | €493,443 | €545,351 | +€51,908 | +10.5% |
| Stocks and contracts in progress | 3 | €1,056 | €4,308 | +€3,252 | +308% |
| Stocks | 30/36 | €1,056 | €4,308 | +€3,252 | +308% |
| Amounts receivable within one year | 40/41 | €127,422 | €144,056 | +€16,633 | +13.1% |
| Trade receivables | 40 | €126,753 | €144,056 | +€17,303 | +13.7% |
| Other amounts receivable | 41 | €669 | - | -€669 | |
| Cash at bank and in hand | 54/58 | €357,965 | €396,988 | +€39,023 | +10.9% |
| Deferred charges and accrued income | 490/1 | €7,000 | - | -€7,000 | |
| Total equity and liabilities | 10/49 | €603,913 | €778,254 | +€174,341 | +28.9% |
| Equity | 10/15 | €516,838 | €565,021 | +€48,183 | +9.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €498,246 | €546,429 | +€48,183 | +9.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €496,386 | €544,570 | +€48,183 | +9.7% |
| Amounts payable | 17/49 | €87,075 | €213,233 | +€126,158 | +145% |
| Amounts payable after more than one year | 17 | €7,908 | €86,576 | +€78,668 | +995% |
| Financial debts | 170/4 | €7,908 | €86,576 | +€78,668 | +995% |
| Amounts payable within one year | 42/48 | €79,167 | €126,657 | +€47,490 | +60.0% |
| Current portion of amounts payable after more than one year | 42 | €32,114 | €44,090 | +€11,975 | +37.3% |
| Trade debts | 44 | €3,939 | €3,580 | -€358 | -9.1% |
| Suppliers | 440/4 | €3,939 | €3,580 | -€358 | -9.1% |
| Taxes, remuneration and social security | 45 | €35,127 | €50,347 | +€15,220 | +43.3% |
| Taxes | 450/3 | €15,510 | €30,048 | +€14,538 | +93.7% |
| Remuneration and social security | 454/9 | €19,616 | €20,299 | +€682 | +3.5% |
| Other amounts payable | 47/48 | €7,987 | €28,640 | +€20,653 | +259% |
| Non-recurring operating income | 76A | €413 | €22,652 | +€22,239 | +5,382% |
| Remuneration, social security and pensions | 62 | €200,989 | €191,914 | -€9,075 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,353 | €58,008 | -€14,346 | -19.8% |
| Other operating charges | 640/8 | €3,315 | €3,992 | +€678 | +20.4% |
| Gross operating margin | 9900 | €351,703 | €372,642 | +€20,939 | +6.0% |
| Operating profit (loss) | 9901 | €75,046 | €118,728 | +€43,682 | +58.2% |
| Financial income | 75/76B | €7,907 | €9,217 | +€1,310 | +16.6% |
| Recurring financial income | 75 | €7,907 | €9,217 | +€1,310 | +16.6% |
| Financial charges | 65/66B | €3,498 | €2,271 | -€1,227 | -35.1% |
| Recurring financial charges | 65 | €3,498 | €2,271 | -€1,227 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €79,455 | €125,674 | +€46,219 | +58.2% |
| Income taxes | 67/77 | €29,331 | €42,341 | +€13,011 | +44.4% |
| Profit (loss) for the period | 9904 | €50,124 | €83,333 | +€33,208 | +66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,124 | €83,333 | +€33,208 | +66.3% |
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 18 October 2026 via checked.be.