CEMA SERVICES: 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 SERVICES
Largest movements
- Cash +€38,267
up €38,267 (+108.8%), from €35,165 to €73,432
mainly Receivables within one year (+€21,140) and Debts after one year (+€19,026)
- Tangible fixed assets +€28,123
up €28,123 (+240.2%), from €11,708 to €39,831
of which Furniture and vehicles: +€29,489
- Receivables within one year -€21,140
down €21,140 (-52.6%), from €40,176 to €19,036
of which Trade receivables: -€17,084
- Debts after one year +€19,026
new in 2025: €19,026
- Reserves +€16,383
up €16,383 (+19.7%), from €83,083 to €99,466
of which Distributable reserves: +€16,383
- Tax, wage and social debts +€5,866
up €5,866 (+146.8%), from €3,996 to €9,862
- Current portion of long-term debt +€5,008
up €5,008 (+629.1%), from €796 to €5,804
- Gross operating margin +€13,849
up €13,849 (+84.9%), from €16,320 to €30,169
- Taxes +€5,797
up €5,797 (+214.4%), from €2,704 to €8,501
- Financial income +€1,315
up €1,315 (+14.3%), from €9,173 to €10,488
of which Non-recurring financial income: +€1,349
- Depreciation -€1,288
down €1,288 (-9.0%), from €14,237 to €12,949
- Financial charges +€717
up €717 (+385.5%), from €186 to €903
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 | €150,729 | €195,979 | +€45,250 | +30.0% |
| Fixed assets | 21/28 | €11,708 | €39,831 | +€28,123 | +240.2% |
| Tangible fixed assets | 22/27 | €11,708 | €39,831 | +€28,123 | +240.2% |
| Plant, machinery and equipment | 23 | €2,664 | €1,298 | -€1,366 | -51.3% |
| Furniture and vehicles | 24 | €9,044 | €38,533 | +€29,489 | +326.1% |
| Current assets | 29/58 | €139,021 | €156,148 | +€17,127 | +12.3% |
| Amounts receivable within one year | 40/41 | €40,176 | €19,036 | -€21,140 | -52.6% |
| Trade receivables | 40 | €31,295 | €14,211 | -€17,084 | -54.6% |
| Other amounts receivable | 41 | €8,881 | €4,825 | -€4,056 | -45.7% |
| Current investments | 50/53 | €63,680 | €63,680 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,165 | €73,432 | +€38,267 | +108.8% |
| Total equity and liabilities | 10/49 | €150,729 | €195,979 | +€45,250 | +30.0% |
| Equity | 10/15 | €144,470 | €160,853 | +€16,383 | +11.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,083 | €99,466 | +€16,383 | +19.7% |
| Tax-exempt reserves | 132 | €164 | €164 | = | 0.0% |
| Distributable reserves | 133 | €82,919 | €99,302 | +€16,383 | +19.8% |
| Profit (loss) carried forward | 14 | €55,187 | €55,187 | = | 0.0% |
| Amounts payable | 17/49 | €6,259 | €35,126 | +€28,867 | +461.2% |
| Amounts payable after more than one year | 17 | - | €19,026 | +€19,026 | |
| Financial debts | 170/4 | - | €19,026 | +€19,026 | |
| Amounts payable within one year | 42/48 | €6,259 | €16,100 | +€9,841 | +157.2% |
| Current portion of amounts payable after more than one year | 42 | €796 | €5,804 | +€5,008 | +629.1% |
| Trade debts | 44 | €1,467 | €388 | -€1,079 | -73.6% |
| Suppliers | 440/4 | €1,467 | €388 | -€1,079 | -73.6% |
| Taxes, remuneration and social security | 45 | €3,996 | €9,862 | +€5,866 | +146.8% |
| Taxes | 450/3 | €3,996 | €9,862 | +€5,866 | +146.8% |
| Other amounts payable | 47/48 | - | €46 | +€46 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,237 | €12,949 | -€1,288 | -9.0% |
| Other operating charges | 640/8 | €1,360 | €1,921 | +€561 | +41.3% |
| Gross operating margin | 9900 | €16,320 | €30,169 | +€13,849 | +84.9% |
| Operating profit (loss) | 9901 | €723 | €15,299 | +€14,576 | +2016.0% |
| Financial income | 75/76B | €9,173 | €10,488 | +€1,315 | +14.3% |
| Recurring financial income | 75 | €194 | €160 | -€34 | -17.5% |
| Non-recurring financial income | 76B | €8,979 | €10,328 | +€1,349 | +15.0% |
| Financial charges | 65/66B | €186 | €903 | +€717 | +385.5% |
| Recurring financial charges | 65 | €186 | €903 | +€717 | +385.5% |
| Profit (loss) for the period before taxes | 9903 | €9,710 | €24,884 | +€15,174 | +156.3% |
| Income taxes | 67/77 | €2,704 | €8,501 | +€5,797 | +214.4% |
| Profit (loss) for the period | 9904 | €7,006 | €16,383 | +€9,377 | +133.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,006 | €16,383 | +€9,377 | +133.8% |
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 29 September 2026 via checked.be.