CEMAES: 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.
CEMAES
Largest movements
- Receivables within one year +€52,476
up €52,476 (+30.3%), from €173,403 to €225,879
of which Trade receivables: +€51,039
- Stocks and contracts -€30,684
down €30,684 (-18.0%), from €170,278 to €139,593
- Tangible fixed assets -€5,992
down €5,992 (-45.7%), from €13,125 to €7,132
of which Leasing and similar rights: -€4,500
- Profit (loss) carried forward +€28,929
up €28,929 (+21.8%), from -€132,404 to -€103,475
- Trade debts -€19,937
no longer reported in 2024 (was €19,937)
- Other debts +€10,594
up €10,594 (+3.5%), from €306,529 to €317,123
- Debts after one year -€3,920
down €3,920 (-2.4%), from €163,340 to €159,419
of which Financial debts: -€3,920
- Gross operating margin +€20,987
up €20,987 (+95.1%), from €22,075 to €43,062
- Staff costs -€521
no longer reported in 2024 (was €521)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €370,233 | €384,227 | +€13,994 | +3.8% |
| Fixed assets | 21/28 | €13,856 | €7,864 | -€5,992 | -43.2% |
| Tangible fixed assets | 22/27 | €13,125 | €7,132 | -€5,992 | -45.7% |
| Furniture and vehicles | 24 | €3,398 | €1,905 | -€1,492 | -43.9% |
| Leasing and similar rights | 25 | €9,727 | €5,227 | -€4,500 | -46.3% |
| Financial fixed assets | 28 | €731 | €731 | = | 0.0% |
| Current assets | 29/58 | €356,377 | €376,364 | +€19,986 | +5.6% |
| Stocks and contracts in progress | 3 | €170,278 | €139,593 | -€30,684 | -18.0% |
| Stocks | 30/36 | €170,278 | €139,593 | -€30,684 | -18.0% |
| Amounts receivable within one year | 40/41 | €173,403 | €225,879 | +€52,476 | +30.3% |
| Trade receivables | 40 | €169,551 | €220,590 | +€51,039 | +30.1% |
| Other amounts receivable | 41 | €3,852 | €5,288 | +€1,436 | +37.3% |
| Cash at bank and in hand | 54/58 | €9,594 | €9,773 | +€179 | +1.9% |
| Deferred charges and accrued income | 490/1 | €3,102 | €1,118 | -€1,984 | -64.0% |
| Total equity and liabilities | 10/49 | €370,233 | €384,227 | +€13,994 | +3.8% |
| Equity | 10/15 | -€126,204 | -€97,275 | +€28,929 | +22.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,404 | -€103,475 | +€28,929 | +21.8% |
| Amounts payable | 17/49 | €496,437 | €481,502 | -€14,935 | -3.0% |
| Amounts payable after more than one year | 17 | €163,340 | €159,419 | -€3,920 | -2.4% |
| Financial debts | 170/4 | €10,361 | €6,441 | -€3,920 | -37.8% |
| Other amounts payable | 178/9 | €152,978 | €152,978 | = | 0.0% |
| Amounts payable within one year | 42/48 | €333,097 | €322,083 | -€11,015 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €6,632 | €4,960 | -€1,672 | -25.2% |
| Trade debts | 44 | €19,937 | - | -€19,937 | |
| Suppliers | 440/4 | €19,937 | - | -€19,937 | |
| Other amounts payable | 47/48 | €306,529 | €317,123 | +€10,594 | +3.5% |
| Remuneration, social security and pensions | 62 | €521 | - | -€521 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,198 | €5,992 | -€206 | -3.3% |
| Other operating charges | 640/8 | €3,101 | €2,696 | -€405 | -13.0% |
| Gross operating margin | 9900 | €22,075 | €43,062 | +€20,987 | +95.1% |
| Operating profit (loss) | 9901 | €12,255 | €34,374 | +€22,119 | +180.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,456 | €5,445 | -€11 | -0.2% |
| Recurring financial charges | 65 | €5,456 | €5,445 | -€11 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €6,799 | €28,929 | +€22,130 | +325.5% |
| Profit (loss) for the period | 9904 | €6,799 | €28,929 | +€22,130 | +325.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,799 | €28,929 | +€22,130 | +325.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.