CDMG: 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.
CDMG
Largest movements
- Receivables within one year +€13,260
up €13,260 (+36.6%), from €36,248 to €49,508
of which Other amounts receivable: +€17,855
- Tangible fixed assets -€7,939
down €7,939 (-47.1%), from €16,854 to €8,916
of which Leasing and similar rights: -€6,988
- Cash +€7,313
up €7,313 (+108.4%), from €6,746 to €14,059
mainly Trade debts (+€41,080) and Depreciation (+€7,939)
- Deferred charges and accrued income -€2,225
no longer reported in 2025 (was €2,225)
- Trade debts +€41,080
up €41,080 (+78.1%), from €52,628 to €93,707
- Tax, wage and social debts -€13,381
down €13,381 (-22.6%), from €59,244 to €45,863
of which Taxes: -€14,907
- Debts after one year -€10,785
down €10,785 (-58.2%), from €18,523 to €7,738
- Current portion of long-term debt -€3,174
down €3,174 (-22.7%), from €13,959 to €10,785
- Staff costs +€24,340
up €24,340 (+36.2%), from €67,202 to €91,542
- Gross operating margin -€20,389
down €20,389 (-18.6%), from €109,814 to €89,424
- Taxes -€13,287
no longer reported in 2025 (was €13,287)
- Financial charges -€2,430
down €2,430 (-35.3%), from €6,880 to €4,450
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 | €180,523 | €192,533 | +€12,011 | +6.7% |
| Fixed assets | 21/28 | €32,318 | €24,379 | -€7,939 | -24.6% |
| Tangible fixed assets | 22/27 | €16,854 | €8,916 | -€7,939 | -47.1% |
| Land and buildings | 22 | €1 | €1 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,332 | €818 | -€514 | -38.6% |
| Furniture and vehicles | 24 | €1,146 | €709 | -€437 | -38.1% |
| Leasing and similar rights | 25 | €14,376 | €7,387 | -€6,988 | -48.6% |
| Financial fixed assets | 28 | €15,464 | €15,464 | = | 0.0% |
| Current assets | 29/58 | €148,205 | €168,154 | +€19,950 | +13.5% |
| Stocks and contracts in progress | 3 | €102,985 | €104,587 | +€1,602 | +1.6% |
| Stocks | 30/36 | €102,985 | €104,587 | +€1,602 | +1.6% |
| Amounts receivable within one year | 40/41 | €36,248 | €49,508 | +€13,260 | +36.6% |
| Trade receivables | 40 | €36,248 | €31,653 | -€4,595 | -12.7% |
| Other amounts receivable | 41 | - | €17,855 | +€17,855 | |
| Cash at bank and in hand | 54/58 | €6,746 | €14,059 | +€7,313 | +108.4% |
| Deferred charges and accrued income | 490/1 | €2,225 | - | -€2,225 | |
| Total equity and liabilities | 10/49 | €180,523 | €192,533 | +€12,011 | +6.7% |
| Equity | 10/15 | €36,008 | €34,441 | -€1,567 | -4.4% |
| Contributions | 10/11 | €26,000 | €26,000 | = | 0.0% |
| Reserves | 13 | €2,600 | €2,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,600 | €2,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,600 | €2,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,408 | €5,841 | -€1,567 | -21.2% |
| Amounts payable | 17/49 | €144,514 | €158,093 | +€13,578 | +9.4% |
| Amounts payable after more than one year | 17 | €18,523 | €7,738 | -€10,785 | -58.2% |
| Financial debts | 170/4 | €18,523 | €7,738 | -€10,785 | -58.2% |
| Amounts payable within one year | 42/48 | €125,992 | €150,355 | +€24,363 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €13,959 | €10,785 | -€3,174 | -22.7% |
| Trade debts | 44 | €52,628 | €93,707 | +€41,080 | +78.1% |
| Suppliers | 440/4 | €52,628 | €93,707 | +€41,080 | +78.1% |
| Taxes, remuneration and social security | 45 | €59,244 | €45,863 | -€13,381 | -22.6% |
| Taxes | 450/3 | €51,903 | €36,995 | -€14,907 | -28.7% |
| Remuneration and social security | 454/9 | €7,341 | €8,867 | +€1,526 | +20.8% |
| Other amounts payable | 47/48 | €161 | - | -€161 | |
| Remuneration, social security and pensions | 62 | €67,202 | €91,542 | +€24,340 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,939 | €7,939 | = | 0.0% |
| Other operating charges | 640/8 | €666 | €574 | -€92 | -13.8% |
| Gross operating margin | 9900 | €109,814 | €89,424 | -€20,389 | -18.6% |
| Operating profit (loss) | 9901 | €34,007 | -€10,631 | -€44,637 | |
| Financial income | 75/76B | €13,639 | €13,513 | -€126 | -0.9% |
| Recurring financial income | 75 | €13,639 | €13,513 | -€126 | -0.9% |
| Financial charges | 65/66B | €6,880 | €4,450 | -€2,430 | -35.3% |
| Recurring financial charges | 65 | €6,880 | €4,450 | -€2,430 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €40,767 | -€1,567 | -€42,334 | |
| Income taxes | 67/77 | €13,287 | - | -€13,287 | |
| Profit (loss) for the period | 9904 | €27,479 | -€1,567 | -€29,047 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,479 | -€1,567 | -€29,047 |
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.