Cemafin Services: what changed
Two financial 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.
Cemafin Services
Largest movements
- Cash -€111,667
down €111,667 (-88.9%), from €125,653 to €13,986
mainly Contributions, distributions and other (-€170,154) and Debts after one year (-€9,821)
- Tangible fixed assets -€10,892
down €10,892 (-72.4%), from €15,036 to €4,144
of which Furniture and vehicles: -€10,357
- Reserves -€121,270
no longer reported in 2025 (was €121,270)
- Debts after one year -€9,821
no longer reported in 2025 (was €9,821)
- Other debts +€8,933
up €8,933 (+92.0%), from €9,710 to €18,643
- Gross operating margin +€1,776
up €1,776 (+2.5%), from €72,268 to €74,045
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.
Derived cash bridge
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 | €163,375 | €41,806 | -€121,570 | -74.4% |
| Fixed assets | 21/28 | €15,036 | €4,144 | -€10,892 | -72.4% |
| Tangible fixed assets | 22/27 | €15,036 | €4,144 | -€10,892 | -72.4% |
| Plant, machinery and equipment | 23 | €1,052 | €517 | -€535 | -50.8% |
| Furniture and vehicles | 24 | €13,983 | €3,626 | -€10,357 | -74.1% |
| Current assets | 29/58 | €148,340 | €37,662 | -€110,678 | -74.6% |
| Amounts receivable within one year | 40/41 | €17,787 | €18,549 | +€762 | +4.3% |
| Trade receivables | 40 | €17,787 | €18,549 | +€762 | +4.3% |
| Cash at bank and in hand | 54/58 | €125,653 | €13,986 | -€111,667 | -88.9% |
| Deferred charges and accrued income | 490/1 | €4,900 | €5,127 | +€227 | +4.6% |
| Total equity and liabilities | 10/49 | €163,375 | €41,806 | -€121,570 | -74.4% |
| Equity | 10/15 | €123,270 | €2,000 | -€121,270 | -98.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €121,270 | - | -€121,270 | |
| Distributable reserves | 133 | €121,270 | - | -€121,270 | |
| Amounts payable | 17/49 | €40,105 | €39,806 | -€300 | -0.7% |
| Amounts payable after more than one year | 17 | €9,821 | - | -€9,821 | |
| Financial debts | 170/4 | €9,821 | - | -€9,821 | |
| Amounts payable within one year | 42/48 | €29,835 | €39,580 | +€9,745 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €9,821 | €9,821 | +€0 | 0.0% |
| Trade debts | 44 | €998 | €1,103 | +€104 | +10.4% |
| Suppliers | 440/4 | €998 | €1,103 | +€104 | +10.4% |
| Taxes, remuneration and social security | 45 | €9,305 | €10,013 | +€708 | +7.6% |
| Taxes | 450/3 | €9,305 | €10,013 | +€708 | +7.6% |
| Other amounts payable | 47/48 | €9,710 | €18,643 | +€8,933 | +92.0% |
| Accrued charges and deferred income | 492/3 | €450 | €226 | -€224 | -49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,598 | €10,892 | -€706 | -6.1% |
| Other operating charges | 640/8 | €648 | €742 | +€94 | +14.5% |
| Gross operating margin | 9900 | €72,268 | €74,045 | +€1,776 | +2.5% |
| Operating profit (loss) | 9901 | €60,023 | €62,411 | +€2,388 | +4.0% |
| Financial charges | 65/66B | €736 | €431 | -€305 | -41.5% |
| Recurring financial charges | 65 | €736 | €431 | -€305 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €59,286 | €61,979 | +€2,693 | +4.5% |
| Income taxes | 67/77 | €12,675 | €13,095 | +€420 | +3.3% |
| Profit (loss) for the period | 9904 | €46,611 | €48,884 | +€2,274 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,611 | €48,884 | +€2,274 | +4.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.