CAEMI: 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.
CAEMI
Largest movements
- Cash +€31,326
up €31,326 (+49.0%), from €63,887 to €95,213
mainly Net result for the year (+€35,457) and Depreciation (+€18,501)
- Tangible fixed assets -€6,581
down €6,581 (-9.1%), from €72,056 to €65,474
- Receivables within one year +€3,244
up €3,244 (+24.8%), from €13,091 to €16,335
of which Trade receivables: +€3,244
- Reserves +€35,457
up €35,457 (+75.3%), from €47,114 to €82,571
- Debts after one year -€13,374
down €13,374 (-26.8%), from €49,906 to €36,532
- Tax, wage and social debts +€10,515
up €10,515 (+41.4%), from €25,374 to €35,890
- Trade debts -€3,799
down €3,799 (-97.5%), from €3,898 to €99
- Gross operating margin +€19,707
up €19,707 (+39.2%), from €50,291 to €69,998
- Depreciation +€11,006
up €11,006 (+146.8%), from €7,495 to €18,501
- Taxes +€2,231
up €2,231 (+19.0%), from €11,748 to €13,979
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 | €149,935 | €178,954 | +€29,019 | +19.4% |
| Fixed assets | 21/28 | €72,056 | €65,474 | -€6,581 | -9.1% |
| Tangible fixed assets | 22/27 | €72,056 | €65,474 | -€6,581 | -9.1% |
| Furniture and vehicles | 24 | €72,056 | €65,474 | -€6,581 | -9.1% |
| Current assets | 29/58 | €77,879 | €113,479 | +€35,600 | +45.7% |
| Amounts receivable within one year | 40/41 | €13,091 | €16,335 | +€3,244 | +24.8% |
| Trade receivables | 40 | €13,091 | €16,335 | +€3,244 | +24.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €63,887 | €95,213 | +€31,326 | +49.0% |
| Deferred charges and accrued income | 490/1 | €902 | €1,932 | +€1,030 | +114.3% |
| Total equity and liabilities | 10/49 | €149,935 | €178,954 | +€29,019 | +19.4% |
| Equity | 10/15 | €57,114 | €92,571 | +€35,457 | +62.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €47,114 | €82,571 | +€35,457 | +75.3% |
| Distributable reserves | 133 | €47,114 | €82,571 | +€35,457 | +75.3% |
| Amounts payable | 17/49 | €92,821 | €86,383 | -€6,439 | -6.9% |
| Amounts payable after more than one year | 17 | €49,906 | €36,532 | -€13,374 | -26.8% |
| Financial debts | 170/4 | €49,906 | €36,532 | -€13,374 | -26.8% |
| Amounts payable within one year | 42/48 | €42,915 | €49,851 | +€6,935 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €12,966 | €13,374 | +€408 | +3.2% |
| Trade debts | 44 | €3,898 | €99 | -€3,799 | -97.5% |
| Suppliers | 440/4 | €3,898 | €99 | -€3,799 | -97.5% |
| Taxes, remuneration and social security | 45 | €25,374 | €35,890 | +€10,515 | +41.4% |
| Taxes | 450/3 | €25,374 | €35,890 | +€10,515 | +41.4% |
| Other amounts payable | 47/48 | €678 | €489 | -€189 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,495 | €18,501 | +€11,006 | +146.8% |
| Other operating charges | 640/8 | €300 | €238 | -€62 | -20.7% |
| Gross operating margin | 9900 | €50,291 | €69,998 | +€19,707 | +39.2% |
| Operating profit (loss) | 9901 | €42,496 | €51,259 | +€8,763 | +20.6% |
| Financial income | 75/76B | €181 | €0 | -€181 | -100.0% |
| Recurring financial income | 75 | €181 | €0 | -€181 | -100.0% |
| Financial charges | 65/66B | €1,170 | €1,823 | +€653 | +55.8% |
| Recurring financial charges | 65 | €1,170 | €1,823 | +€653 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | €41,507 | €49,436 | +€7,929 | +19.1% |
| Income taxes | 67/77 | €11,748 | €13,979 | +€2,231 | +19.0% |
| Profit (loss) for the period | 9904 | €29,759 | €35,457 | +€5,699 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,759 | €35,457 | +€5,699 | +19.1% |
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 11 October 2026 via checked.be.