CCM 28: what changed
Two fiscal 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.
CCM 28
Largest movements
- Cash -€16,897
down €16,897 (-5.4%), from €315,427 to €298,529
mainly Other debts (-€51,961) and Tax, wage and social debts (-€47,486)
- Receivables within one year -€16,333
down €16,333 (-54.6%), from €29,925 to €13,592
of which Trade receivables: -€16,023
- Tangible fixed assets -€12,704
down €12,704 (-23.3%), from €54,470 to €41,765
of which Furniture and vehicles: -€12,496
- Other debts -€51,961
down €51,961 (-98.6%), from €52,702 to €741
- Reserves +€50,000
up €50,000 (+17.2%), from €290,000 to €340,000
- Tax, wage and social debts -€47,486
down €47,486 (-93.8%), from €50,617 to €3,131
- Profit (loss) carried forward +€5,804
up €5,804 (+2288.8%), from €254 to €6,058
- Trade debts -€4,414
no longer reported in 2025 (was €4,414)
- Gross operating margin -€38,945
down €38,945 (-29.7%), from €131,182 to €92,236
- Financial charges -€11,239
down €11,239 (-98.6%), from €11,396 to €157
of which Non-recurring financial charges: -€11,230
- Taxes -€7,568
down €7,568 (-22.7%), from €33,327 to €25,759
- Depreciation +€6,263
up €6,263 (+97.2%), from €6,441 to €12,704
- Financial income -€1,828
down €1,828 (-39.0%), from €4,689 to €2,861
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 | €402,987 | €354,930 | -€48,057 | -11.9% |
| Fixed assets | 21/28 | €54,470 | €41,765 | -€12,704 | -23.3% |
| Tangible fixed assets | 22/27 | €54,470 | €41,765 | -€12,704 | -23.3% |
| Furniture and vehicles | 24 | €52,917 | €40,422 | -€12,496 | -23.6% |
| Other tangible fixed assets | 26 | €1,552 | €1,343 | -€209 | -13.4% |
| Current assets | 29/58 | €348,517 | €313,165 | -€35,352 | -10.1% |
| Amounts receivable within one year | 40/41 | €29,925 | €13,592 | -€16,333 | -54.6% |
| Trade receivables | 40 | €29,153 | €13,130 | -€16,023 | -55.0% |
| Other amounts receivable | 41 | €772 | €462 | -€310 | -40.2% |
| Cash at bank and in hand | 54/58 | €315,427 | €298,529 | -€16,897 | -5.4% |
| Deferred charges and accrued income | 490/1 | €3,165 | €1,043 | -€2,122 | -67.0% |
| Total equity and liabilities | 10/49 | €402,987 | €354,930 | -€48,057 | -11.9% |
| Equity | 10/15 | €295,254 | €351,058 | +€55,804 | +18.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €290,000 | €340,000 | +€50,000 | +17.2% |
| Distributable reserves | 133 | €290,000 | €340,000 | +€50,000 | +17.2% |
| Profit (loss) carried forward | 14 | €254 | €6,058 | +€5,804 | +2288.8% |
| Amounts payable | 17/49 | €107,733 | €3,872 | -€103,861 | -96.4% |
| Amounts payable within one year | 42/48 | €107,733 | €3,872 | -€103,861 | -96.4% |
| Trade debts | 44 | €4,414 | - | -€4,414 | |
| Suppliers | 440/4 | €4,414 | - | -€4,414 | |
| Taxes, remuneration and social security | 45 | €50,617 | €3,131 | -€47,486 | -93.8% |
| Taxes | 450/3 | €50,617 | €3,131 | -€47,486 | -93.8% |
| Other amounts payable | 47/48 | €52,702 | €741 | -€51,961 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,441 | €12,704 | +€6,263 | +97.2% |
| Other operating charges | 640/8 | €517 | €673 | +€157 | +30.3% |
| Gross operating margin | 9900 | €131,182 | €92,236 | -€38,945 | -29.7% |
| Operating profit (loss) | 9901 | €124,223 | €78,858 | -€45,365 | -36.5% |
| Financial income | 75/76B | €4,689 | €2,861 | -€1,828 | -39.0% |
| Recurring financial income | 75 | €4,689 | €2,861 | -€1,828 | -39.0% |
| Financial charges | 65/66B | €11,396 | €157 | -€11,239 | -98.6% |
| Recurring financial charges | 65 | €166 | €157 | -€10 | -5.8% |
| Non-recurring financial charges | 66B | €11,230 | - | -€11,230 | |
| Profit (loss) for the period before taxes | 9903 | €117,517 | €81,563 | -€35,954 | -30.6% |
| Income taxes | 67/77 | €33,327 | €25,759 | -€7,568 | -22.7% |
| Profit (loss) for the period | 9904 | €84,190 | €55,804 | -€28,386 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €84,190 | €55,804 | -€28,386 | -33.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.