CCMA: 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.
CCMA
Largest movements
- Cash -€74,996
down €74,996 (-72.7%), from €103,091 to €28,096
mainly Contributions, distributions and other (-€85,562) and Debts after one year (-€21,666)
- Tangible fixed assets -€32,037
down €32,037 (-6.4%), from €501,981 to €469,944
of which Land and buildings: -€30,884
- Current investments -€9,596
down €9,596 (-6.0%), from €159,983 to €150,387
- Receivables within one year +€8,854
up €8,854 (+8.6%), from €102,662 to €111,516
of which Other amounts receivable: +€8,171
- Reserves -€84,033
down €84,033 (-21.5%), from €391,354 to €307,321
- Debts after one year -€21,666
no longer reported in 2025 (was €21,666)
- Financial income -€9,325
down €9,325 (-47.3%), from €19,717 to €10,392
- Gross operating margin +€7,620
up €7,620 (+36.5%), from €20,851 to €28,471
- Depreciation -€2,620
down €2,620 (-7.6%), from €34,657 to €32,037
- Financial charges -€331
down €331 (-33.8%), from €981 to €650
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 | €868,135 | €759,943 | -€108,192 | -12.5% |
| Fixed assets | 21/28 | €501,981 | €469,944 | -€32,037 | -6.4% |
| Tangible fixed assets | 22/27 | €501,981 | €469,944 | -€32,037 | -6.4% |
| Land and buildings | 22 | €489,671 | €458,787 | -€30,884 | -6.3% |
| Plant, machinery and equipment | 23 | €12,311 | €11,157 | -€1,153 | -9.4% |
| Current assets | 29/58 | €366,153 | €289,998 | -€76,155 | -20.8% |
| Amounts receivable within one year | 40/41 | €102,662 | €111,516 | +€8,854 | +8.6% |
| Trade receivables | 40 | - | €683 | +€683 | |
| Other amounts receivable | 41 | €102,662 | €110,833 | +€8,171 | +8.0% |
| Current investments | 50/53 | €159,983 | €150,387 | -€9,596 | -6.0% |
| Cash at bank and in hand | 54/58 | €103,091 | €28,096 | -€74,996 | -72.7% |
| Deferred charges and accrued income | 490/1 | €417 | - | -€417 | |
| Total equity and liabilities | 10/49 | €868,135 | €759,943 | -€108,192 | -12.5% |
| Equity | 10/15 | €815,454 | €731,421 | -€84,033 | -10.3% |
| Contributions | 10/11 | €424,100 | €424,100 | = | 0.0% |
| Reserves | 13 | €391,354 | €307,321 | -€84,033 | -21.5% |
| Distributable reserves | 133 | €391,354 | €307,321 | -€84,033 | -21.5% |
| Amounts payable | 17/49 | €52,681 | €28,521 | -€24,159 | -45.9% |
| Amounts payable after more than one year | 17 | €21,666 | - | -€21,666 | |
| Financial debts | 170/4 | €21,666 | - | -€21,666 | |
| Amounts payable within one year | 42/48 | €30,204 | €27,711 | -€2,493 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €26,000 | €21,666 | -€4,334 | -16.7% |
| Trade debts | 44 | €29 | €1,870 | +€1,841 | +6268.3% |
| Suppliers | 440/4 | €29 | €1,870 | +€1,841 | +6268.3% |
| Other amounts payable | 47/48 | €4,175 | €4,175 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €810 | €810 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,657 | €32,037 | -€2,620 | -7.6% |
| Other operating charges | 640/8 | €4,287 | €4,226 | -€61 | -1.4% |
| Gross operating margin | 9900 | €20,851 | €28,471 | +€7,620 | +36.5% |
| Operating profit (loss) | 9901 | -€18,093 | -€7,792 | +€10,301 | +56.9% |
| Financial income | 75/76B | €19,717 | €10,392 | -€9,325 | -47.3% |
| Recurring financial income | 75 | €19,717 | €10,392 | -€9,325 | -47.3% |
| Financial charges | 65/66B | €981 | €650 | -€331 | -33.8% |
| Recurring financial charges | 65 | €981 | €650 | -€331 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €643 | €1,950 | +€1,307 | +203.2% |
| Income taxes | 67/77 | €319 | €421 | +€102 | +32.1% |
| Profit (loss) for the period | 9904 | €324 | €1,528 | +€1,204 | +371.6% |
| Profit (loss) for the period to be appropriated | 9905 | €324 | €1,528 | +€1,204 | +371.6% |
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 7 October 2026 via checked.be.