CEMACOM: 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.
CEMACOM
Largest movements
- Tangible fixed assets -€9,073
down €9,073 (-6.2%), from €145,707 to €136,633
of which Land and buildings: -€6,693
- Trade debts -€18,684
down €18,684 (-69.6%), from €26,859 to €8,176
- Other debts +€9,300
new in 2025: €9,300
- Short-term financial debts -€4,596
down €4,596 (-29.2%), from €15,720 to €11,124
- Gross operating margin +€13,503
up €13,503 (+75.2%), from €17,945 to €31,448
- Financial income -€745
down €745 (-8.6%), from €8,634 to €7,889
- Taxes +€699
up €699 (+24.0%), from €2,909 to €3,608
- Depreciation +€546
up €546 (+4.3%), from €12,790 to €13,336
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 | €306,596 | €296,514 | -€10,082 | -3.3% |
| Fixed assets | 21/28 | €149,442 | €138,668 | -€10,773 | -7.2% |
| Intangible fixed assets | 21 | €3,400 | €1,700 | -€1,700 | -50.0% |
| Tangible fixed assets | 22/27 | €145,707 | €136,633 | -€9,073 | -6.2% |
| Land and buildings | 22 | €138,040 | €131,348 | -€6,693 | -4.8% |
| Plant, machinery and equipment | 23 | - | €729 | +€729 | |
| Furniture and vehicles | 24 | €7,667 | €4,557 | -€3,110 | -40.6% |
| Financial fixed assets | 28 | €335 | €335 | = | 0.0% |
| Current assets | 29/58 | €157,154 | €157,845 | +€691 | +0.4% |
| Amounts receivable within one year | 40/41 | €154,461 | €155,280 | +€819 | +0.5% |
| Trade receivables | 40 | €10,157 | €8,435 | -€1,722 | -17.0% |
| Other amounts receivable | 41 | €144,303 | €146,845 | +€2,542 | +1.8% |
| Deferred charges and accrued income | 490/1 | €2,694 | €2,565 | -€128 | -4.8% |
| Total equity and liabilities | 10/49 | €306,596 | €296,514 | -€10,082 | -3.3% |
| Equity | 10/15 | €122,764 | €125,550 | +€2,786 | +2.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €9,355 | €9,355 | = | 0.0% |
| Reserves | 13 | €94,818 | €97,603 | +€2,786 | +2.9% |
| Tax-exempt reserves | 132 | €73,697 | €70,089 | -€3,608 | -4.9% |
| Distributable reserves | 133 | €21,121 | €27,514 | +€6,393 | +30.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €18,424 | €17,522 | -€902 | -4.9% |
| Deferred taxes | 168 | €18,424 | €17,522 | -€902 | -4.9% |
| Amounts payable | 17/49 | €165,407 | €153,441 | -€11,966 | -7.2% |
| Amounts payable after more than one year | 17 | €93,995 | €94,340 | +€344 | +0.4% |
| Financial debts | 170/4 | €93,995 | €94,340 | +€344 | +0.4% |
| Amounts payable within one year | 42/48 | €71,412 | €59,102 | -€12,310 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €12,300 | €14,005 | +€1,705 | +13.9% |
| Financial debts | 43 | €15,720 | €11,124 | -€4,596 | -29.2% |
| Credit institutions | 430/8 | €15,720 | €11,124 | -€4,596 | -29.2% |
| Trade debts | 44 | €26,859 | €8,176 | -€18,684 | -69.6% |
| Suppliers | 440/4 | €26,859 | €8,176 | -€18,684 | -69.6% |
| Taxes, remuneration and social security | 45 | €16,533 | €16,498 | -€35 | -0.2% |
| Taxes | 450/3 | €16,533 | €16,498 | -€35 | -0.2% |
| Other amounts payable | 47/48 | - | €9,300 | +€9,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,790 | €13,336 | +€546 | +4.3% |
| Other operating charges | 640/8 | €3,741 | €3,773 | +€33 | +0.9% |
| Gross operating margin | 9900 | €17,945 | €31,448 | +€13,503 | +75.2% |
| Operating profit (loss) | 9901 | €1,414 | €14,339 | +€12,925 | +913.8% |
| Financial income | 75/76B | €8,634 | €7,889 | -€745 | -8.6% |
| Recurring financial income | 75 | €8,634 | €7,889 | -€745 | -8.6% |
| Financial charges | 65/66B | €7,574 | €7,436 | -€137 | -1.8% |
| Recurring financial charges | 65 | €7,574 | €7,436 | -€137 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €2,475 | €14,792 | +€12,317 | +497.8% |
| Transfer from deferred taxes | 780 | €836 | €902 | +€66 | +7.9% |
| Income taxes | 67/77 | €2,909 | €3,608 | +€699 | +24.0% |
| Profit (loss) for the period | 9904 | €401 | €12,086 | +€11,684 | +2911.2% |
| Transfer from tax-exempt reserves | 789 | €3,344 | €3,608 | +€264 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,745 | €15,693 | +€11,948 | +319.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.