CEMAKA: 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.
CEMAKA
Largest movements
- Cash +€24,409
up €24,409 (+65.0%), from €37,536 to €61,945
mainly Net result for the year (+€22,809) and Tax, wage and social debts (+€6,598)
- Receivables within one year +€2,596
up €2,596 (+16.6%), from €15,662 to €18,258
- Tangible fixed assets +€1,732
up €1,732 (+45.0%), from €3,847 to €5,579
of which Furniture and vehicles: +€2,332
- Reserves +€13,411
up €13,411 (+31.3%), from €42,834 to €56,245
of which Distributable reserves: +€13,411
- Profit (loss) carried forward +€8,565
up €8,565, from -€8,565 to €0
- Tax, wage and social debts +€6,598
up €6,598 (+47.2%), from €13,983 to €20,581
of which Taxes: +€6,591
- Trade debts +€1,038
up €1,038 (+26.3%), from €3,940 to €4,978
- Gross operating margin +€15,241
up €15,241 (+63.2%), from €24,129 to €39,370
- Taxes +€6,471
up €6,471 (+117.4%), from €5,511 to €11,982
- Depreciation +€2,001
up €2,001 (+140.8%), from €1,421 to €3,422
- Financial charges -€549
down €549 (-83.3%), from €659 to €110
- Other operating charges +€537
up €537 (+105.3%), from €510 to €1,047
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 | €59,376 | €88,879 | +€29,503 | +49.7% |
| Fixed assets | 21/28 | €3,887 | €5,619 | +€1,732 | +44.6% |
| Tangible fixed assets | 22/27 | €3,847 | €5,579 | +€1,732 | +45.0% |
| Furniture and vehicles | 24 | €934 | €3,266 | +€2,332 | +249.7% |
| Other tangible fixed assets | 26 | €2,913 | €2,313 | -€600 | -20.6% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €55,489 | €83,260 | +€27,771 | +50.0% |
| Amounts receivable within one year | 40/41 | €15,662 | €18,258 | +€2,596 | +16.6% |
| Trade receivables | 40 | €15,662 | €18,258 | +€2,596 | +16.6% |
| Cash at bank and in hand | 54/58 | €37,536 | €61,945 | +€24,409 | +65.0% |
| Deferred charges and accrued income | 490/1 | €2,291 | €3,057 | +€766 | +33.4% |
| Total equity and liabilities | 10/49 | €59,376 | €88,879 | +€29,503 | +49.7% |
| Equity | 10/15 | €40,469 | €62,445 | +€21,976 | +54.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,834 | €56,245 | +€13,411 | +31.3% |
| Tax-exempt reserves | 132 | €37,788 | €37,788 | = | 0.0% |
| Distributable reserves | 133 | €5,046 | €18,457 | +€13,411 | +265.8% |
| Profit (loss) carried forward | 14 | -€8,565 | €0 | +€8,565 | |
| Amounts payable | 17/49 | €18,907 | €26,434 | +€7,527 | +39.8% |
| Amounts payable within one year | 42/48 | €18,907 | €26,434 | +€7,527 | +39.8% |
| Trade debts | 44 | €3,940 | €4,978 | +€1,038 | +26.3% |
| Suppliers | 440/4 | €3,940 | €4,978 | +€1,038 | +26.3% |
| Taxes, remuneration and social security | 45 | €13,983 | €20,581 | +€6,598 | +47.2% |
| Taxes | 450/3 | €13,983 | €20,574 | +€6,591 | +47.1% |
| Remuneration and social security | 454/9 | - | €7 | +€7 | |
| Other amounts payable | 47/48 | €984 | €875 | -€109 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,421 | €3,422 | +€2,001 | +140.8% |
| Other operating charges | 640/8 | €510 | €1,047 | +€537 | +105.3% |
| Gross operating margin | 9900 | €24,129 | €39,370 | +€15,241 | +63.2% |
| Operating profit (loss) | 9901 | €22,198 | €34,901 | +€12,703 | +57.2% |
| Financial charges | 65/66B | €659 | €110 | -€549 | -83.3% |
| Recurring financial charges | 65 | €659 | €110 | -€549 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | €21,539 | €34,791 | +€13,252 | +61.5% |
| Income taxes | 67/77 | €5,511 | €11,982 | +€6,471 | +117.4% |
| Profit (loss) for the period | 9904 | €16,028 | €22,809 | +€6,781 | +42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,028 | €22,809 | +€6,781 | +42.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.