CEMA CONSTRUCT: 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.
CEMA CONSTRUCT
Largest movements
- Receivables within one year +€6,255
up €6,255 (+46.9%), from €13,332 to €19,587
of which Trade receivables: +€6,868
- Deferred charges and accrued income +€987
new in 2025: €987
- Tangible fixed assets +€403
up €403 (+17.1%), from €2,355 to €2,758
of which Plant, machinery and equipment: +€403
- Profit (loss) carried forward +€6,400
up €6,400 (+28.4%), from -€22,557 to -€16,157
- Short-term financial debts +€1,330
up €1,330 (+7.9%), from €16,909 to €18,239
- Trade debts -€406
down €406 (-54.7%), from €742 to €336
- Depreciation -€9,118
down €9,118 (-99.3%), from €9,183 to €65
- Financial charges -€237
down €237 (-8.7%), from €2,733 to €2,496
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,687 | €23,332 | +€7,645 | +48.7% |
| Fixed assets | 21/28 | €2,355 | €2,758 | +€403 | +17.1% |
| Tangible fixed assets | 22/27 | €2,355 | €2,758 | +€403 | +17.1% |
| Plant, machinery and equipment | 23 | - | €403 | +€403 | |
| Furniture and vehicles | 24 | €2,355 | €2,355 | = | 0.0% |
| Current assets | 29/58 | €13,332 | €20,573 | +€7,242 | +54.3% |
| Amounts receivable within one year | 40/41 | €13,332 | €19,587 | +€6,255 | +46.9% |
| Trade receivables | 40 | €5,754 | €12,622 | +€6,868 | +119.4% |
| Other amounts receivable | 41 | €7,578 | €6,965 | -€613 | -8.1% |
| Deferred charges and accrued income | 490/1 | - | €987 | +€987 | |
| Total equity and liabilities | 10/49 | €15,687 | €23,332 | +€7,645 | +48.7% |
| Equity | 10/15 | -€2,097 | €4,303 | +€6,400 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,557 | -€16,157 | +€6,400 | +28.4% |
| Amounts payable | 17/49 | €17,783 | €19,028 | +€1,245 | +7.0% |
| Amounts payable within one year | 42/48 | €17,783 | €18,849 | +€1,065 | +6.0% |
| Financial debts | 43 | €16,909 | €18,239 | +€1,330 | +7.9% |
| Credit institutions | 430/8 | €16,909 | €18,239 | +€1,330 | +7.9% |
| Trade debts | 44 | €742 | €336 | -€406 | -54.7% |
| Suppliers | 440/4 | €742 | €336 | -€406 | -54.7% |
| Taxes, remuneration and social security | 45 | €133 | €273 | +€141 | +105.9% |
| Taxes | 450/3 | €133 | €273 | +€141 | +105.9% |
| Accrued charges and deferred income | 492/3 | - | €180 | +€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,183 | €65 | -€9,118 | -99.3% |
| Other operating charges | 640/8 | €128 | €138 | +€11 | +8.5% |
| Non-recurring operating charges | 66A | - | €954 | +€954 | |
| Gross operating margin | 9900 | €10,219 | €10,194 | -€25 | -0.2% |
| Operating profit (loss) | 9901 | €909 | €9,037 | +€8,128 | +894.1% |
| Financial charges | 65/66B | €2,733 | €2,496 | -€237 | -8.7% |
| Recurring financial charges | 65 | €2,733 | €2,496 | -€237 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,824 | €6,541 | +€8,365 | |
| Income taxes | 67/77 | €133 | €141 | +€8 | +5.9% |
| Profit (loss) for the period | 9904 | -€1,957 | €6,400 | +€8,357 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,957 | €6,400 | +€8,357 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.