CEM&T: 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&T
Largest movements
- Cash +€143,484
up €143,484 (+234.0%), from €61,310 to €204,793
mainly Other debts (+€155,502) and Current investments (+€74,951)
- Current investments -€74,951
no longer reported in 2025 (was €74,951)
- Tangible fixed assets -€10,821
down €10,821 (-34.4%), from €31,454 to €20,634
- Other debts +€155,502
up €155,502 (+14886.7%), from €1,045 to €156,547
- Reserves -€119,532
down €119,532 (-74.2%), from €161,146 to €41,615
- Tax, wage and social debts +€20,686
up €20,686 (+254.9%), from €8,115 to €28,801
- Financial income +€2,614
up €2,614 (+4130.0%), from €63 to €2,678
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 | €176,456 | €233,544 | +€57,088 | +32.4% |
| Fixed assets | 21/28 | €31,706 | €20,634 | -€11,073 | -34.9% |
| Tangible fixed assets | 22/27 | €31,454 | €20,634 | -€10,821 | -34.4% |
| Furniture and vehicles | 24 | €31,454 | €20,634 | -€10,821 | -34.4% |
| Financial fixed assets | 28 | €252 | - | -€252 | |
| Current assets | 29/58 | €144,749 | €212,910 | +€68,161 | +47.1% |
| Amounts receivable within one year | 40/41 | €6,298 | €5,854 | -€444 | -7.0% |
| Other amounts receivable | 41 | €6,298 | €5,854 | -€444 | -7.0% |
| Current investments | 50/53 | €74,951 | - | -€74,951 | |
| Cash at bank and in hand | 54/58 | €61,310 | €204,793 | +€143,484 | +234.0% |
| Deferred charges and accrued income | 490/1 | €2,190 | €2,263 | +€72 | +3.3% |
| Total equity and liabilities | 10/49 | €176,456 | €233,544 | +€57,088 | +32.4% |
| Equity | 10/15 | €166,146 | €46,615 | -€119,532 | -71.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €161,146 | €41,615 | -€119,532 | -74.2% |
| Distributable reserves | 133 | €161,146 | €41,615 | -€119,532 | -74.2% |
| Amounts payable | 17/49 | €10,309 | €186,929 | +€176,620 | +1713.2% |
| Amounts payable within one year | 42/48 | €10,309 | €186,929 | +€176,620 | +1713.2% |
| Trade debts | 44 | €1,150 | €1,582 | +€432 | +37.6% |
| Suppliers | 440/4 | €1,150 | €1,582 | +€432 | +37.6% |
| Taxes, remuneration and social security | 45 | €8,115 | €28,801 | +€20,686 | +254.9% |
| Taxes | 450/3 | €8,115 | €28,801 | +€20,686 | +254.9% |
| Other amounts payable | 47/48 | €1,045 | €156,547 | +€155,502 | +14886.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,821 | €10,821 | = | 0.0% |
| Other operating charges | 640/8 | €813 | €906 | +€93 | +11.5% |
| Non-recurring operating charges | 66A | €433 | €702 | +€270 | +62.4% |
| Gross operating margin | 9900 | €81,192 | €81,771 | +€579 | +0.7% |
| Operating profit (loss) | 9901 | €69,126 | €69,342 | +€216 | +0.3% |
| Financial income | 75/76B | €63 | €2,678 | +€2,614 | +4130.0% |
| Recurring financial income | 75 | €63 | €2,678 | +€2,614 | +4130.0% |
| Financial charges | 65/66B | €112 | €100 | -€12 | -10.7% |
| Recurring financial charges | 65 | €112 | €100 | -€12 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €69,077 | €71,920 | +€2,842 | +4.1% |
| Income taxes | 67/77 | €14,731 | €14,964 | +€233 | +1.6% |
| Profit (loss) for the period | 9904 | €54,347 | €56,956 | +€2,610 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,347 | €56,956 | +€2,610 | +4.8% |
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 8 October 2026 via checked.be.