CEM'K: 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.
CEM'K
Largest movements
- Cash -€25,429
down €25,429 (-86.3%), from €29,471 to €4,042
mainly Net result for the year (-€19,119) and Receivables within one year (-€7,293)
- Receivables within one year +€7,293
up €7,293 (+1161.3%), from €628 to €7,921
of which Trade receivables: +€7,450
- Tangible fixed assets -€4,199
down €4,199 (-69.0%), from €6,086 to €1,887
- Profit (loss) carried forward -€19,119
down €19,119 (-438.8%), from -€4,357 to -€23,476
- Current portion of long-term debt -€3,148
down €3,148 (-83.2%), from €3,782 to €634
- Other debts +€657
up €657 (+6.0%), from €11,036 to €11,693
- Debts after one year -€634
no longer reported in 2025 (was €634)
- Gross operating margin +€4,278
up €4,278 (+23.7%), from -€18,016 to -€13,738
- Depreciation -€1,220
down €1,220 (-22.5%), from €5,419 to €4,199
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 | €36,185 | €13,850 | -€22,335 | -61.7% |
| Fixed assets | 21/28 | €6,086 | €1,887 | -€4,199 | -69.0% |
| Tangible fixed assets | 22/27 | €6,086 | €1,887 | -€4,199 | -69.0% |
| Furniture and vehicles | 24 | €6,086 | €1,887 | -€4,199 | -69.0% |
| Current assets | 29/58 | €30,099 | €11,963 | -€18,136 | -60.3% |
| Amounts receivable within one year | 40/41 | €628 | €7,921 | +€7,293 | +1161.3% |
| Trade receivables | 40 | €145 | €7,595 | +€7,450 | +5137.9% |
| Other amounts receivable | 41 | €483 | €326 | -€157 | -32.5% |
| Cash at bank and in hand | 54/58 | €29,471 | €4,042 | -€25,429 | -86.3% |
| Total equity and liabilities | 10/49 | €36,185 | €13,850 | -€22,335 | -61.7% |
| Equity | 10/15 | €20,429 | €1,310 | -€19,119 | -93.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €16,726 | €16,726 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,726 | €16,726 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,357 | -€23,476 | -€19,119 | -438.8% |
| Amounts payable | 17/49 | €15,756 | €12,540 | -€3,216 | -20.4% |
| Amounts payable after more than one year | 17 | €634 | - | -€634 | |
| Financial debts | 170/4 | €634 | - | -€634 | |
| Amounts payable within one year | 42/48 | €15,122 | €12,540 | -€2,582 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €3,782 | €634 | -€3,148 | -83.2% |
| Trade debts | 44 | €164 | €72 | -€92 | -56.1% |
| Suppliers | 440/4 | €164 | €72 | -€92 | -56.1% |
| Taxes, remuneration and social security | 45 | €140 | €141 | +€1 | +0.7% |
| Taxes | 450/3 | €140 | €141 | +€1 | +0.7% |
| Other amounts payable | 47/48 | €11,036 | €11,693 | +€657 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,419 | €4,199 | -€1,220 | -22.5% |
| Other operating charges | 640/8 | €840 | €959 | +€119 | +14.2% |
| Gross operating margin | 9900 | -€18,016 | -€13,738 | +€4,278 | +23.7% |
| Operating profit (loss) | 9901 | -€24,275 | -€18,896 | +€5,379 | +22.2% |
| Financial charges | 65/66B | €131 | €82 | -€49 | -37.4% |
| Recurring financial charges | 65 | €131 | €82 | -€49 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,406 | -€18,978 | +€5,428 | +22.2% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +0.7% |
| Profit (loss) for the period | 9904 | -€24,546 | -€19,119 | +€5,427 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,546 | -€19,119 | +€5,427 | +22.1% |
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.