CEMAGI: 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.
CEMAGI
Largest movements
- Tangible fixed assets +€445,006
new in 2024: €445,006
of which Land and buildings: +€414,165
- Receivables within one year -€29,641
down €29,641 (-67.6%), from €43,817 to €14,176
- Cash -€7,216
down €7,216 (-30.1%), from €23,993 to €16,777
mainly Investment in fixed assets (net) (-€459,947) and Contributions, distributions and other (-€60,000)
- Debts after one year +€380,120
new in 2024: €380,120
- Reserves +€44,874
up €44,874 (+116%), from €38,726 to €83,600
of which Distributable reserves: +€44,874
- Tax, wage and social debts -€18,234
no longer reported in 2024 (was €18,234)
- Short-term financial debts +€11,880
new in 2024: €11,880
of which Other loans: +€10,000
- Trade debts -€10,733
down €10,733 (-99.2%), from €10,818 to €85
- Provisions -€30,000
no longer reported in 2024 (was €30,000)
- Depreciation +€14,941
up €14,941 (+6,174%), from €242 to €15,183
- Taxes -€9,487
down €9,487 (-28.8%), from €32,977 to €23,490
- Gross operating margin +€2,240
up €2,240 (+1.6%), from €143,108 to €145,348
- Financial charges +€1,553
up €1,553 (+3,883%), from €40 to €1,593
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.
Derived cash bridge
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 | €68,778 | €476,685 | +€407,907 | +593% |
| Formation expenses | 20 | €968 | €726 | -€242 | -25.0% |
| Fixed assets | 21/28 | - | €445,006 | +€445,006 | |
| Tangible fixed assets | 22/27 | - | €445,006 | +€445,006 | |
| Land and buildings | 22 | - | €414,165 | +€414,165 | |
| Furniture and vehicles | 24 | - | €30,841 | +€30,841 | |
| Current assets | 29/58 | €67,810 | €30,953 | -€36,857 | -54.4% |
| Amounts receivable within one year | 40/41 | €43,817 | €14,176 | -€29,641 | -67.6% |
| Trade receivables | 40 | €43,817 | €14,176 | -€29,641 | -67.6% |
| Cash at bank and in hand | 54/58 | €23,993 | €16,777 | -€7,216 | -30.1% |
| Total equity and liabilities | 10/49 | €68,778 | €476,685 | +€407,907 | +593% |
| Equity | 10/15 | €39,726 | €84,600 | +€44,874 | +113% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €38,726 | €83,600 | +€44,874 | +116% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €38,626 | €83,500 | +€44,874 | +116% |
| Amounts payable | 17/49 | €29,052 | €392,085 | +€363,033 | +1,250% |
| Amounts payable after more than one year | 17 | - | €380,120 | +€380,120 | |
| Financial debts | 170/4 | - | €380,120 | +€380,120 | |
| Amounts payable within one year | 42/48 | €29,052 | €11,965 | -€17,087 | -58.8% |
| Financial debts | 43 | - | €11,880 | +€11,880 | |
| Credit institutions | 430/8 | - | €1,880 | +€1,880 | |
| Other loans | 439 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €10,818 | €85 | -€10,733 | -99.2% |
| Suppliers | 440/4 | €10,818 | €85 | -€10,733 | -99.2% |
| Taxes, remuneration and social security | 45 | €18,234 | - | -€18,234 | |
| Remuneration and social security | 454/9 | €18,234 | - | -€18,234 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €242 | €15,183 | +€14,941 | +6,174% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €30,000 | - | -€30,000 | |
| Other operating charges | 640/8 | €1,123 | €208 | -€915 | -81.5% |
| Gross operating margin | 9900 | €143,108 | €145,348 | +€2,240 | +1.6% |
| Operating profit (loss) | 9901 | €111,743 | €129,957 | +€18,214 | +16.3% |
| Financial charges | 65/66B | €40 | €1,593 | +€1,553 | +3,883% |
| Recurring financial charges | 65 | €40 | €1,593 | +€1,553 | +3,883% |
| Profit (loss) for the period before taxes | 9903 | €111,703 | €128,364 | +€16,661 | +14.9% |
| Income taxes | 67/77 | €32,977 | €23,490 | -€9,487 | -28.8% |
| Profit (loss) for the period | 9904 | €78,726 | €104,874 | +€26,148 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €78,726 | €104,874 | +€26,148 | +33.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.