Cemalot Management: 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.
Cemalot Management
Largest movements
- Cash +€60,803
up €60,803 (+58.2%), from €104,479 to €165,282
mainly Receivables after one year (+€37,484) and Receivables within one year (+€20,119)
- Receivables after one year -€37,484
no longer reported in 2025 (was €37,484)
- Receivables within one year -€20,119
down €20,119 (-78.5%), from €25,639 to €5,520
of which Other amounts receivable: -€10,741
- Tangible fixed assets -€2,177
down €2,177 (-14.2%), from €15,359 to €13,181
of which Furniture and vehicles: -€3,233
- Deferred charges and accrued income +€1,865
new in 2025: €1,865
- Reserves +€168,598
up €168,598 (+3014.7%), from €5,593 to €174,191
of which Distributable reserves: +€170,453
- Profit (loss) carried forward -€168,375
no longer reported in 2025 (was €168,375)
- Advances received +€4,108
new in 2025: €4,108
- Gross operating margin +€20,515
up €20,515, from -€15,505 to €5,010
- Depreciation +€2,756
up €2,756 (+341.0%), from €808 to €3,565
- Financial income -€795
no longer reported in 2025 (was €795)
- Financial charges +€499
up €499 (+579.7%), from €86 to €585
- Other operating charges -€162
down €162 (-25.2%), from €640 to €479
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 | €182,961 | €185,848 | +€2,886 | +1.6% |
| Fixed assets | 21/28 | €15,359 | €13,181 | -€2,177 | -14.2% |
| Tangible fixed assets | 22/27 | €15,359 | €13,181 | -€2,177 | -14.2% |
| Plant, machinery and equipment | 23 | - | €1,056 | +€1,056 | |
| Furniture and vehicles | 24 | €15,359 | €12,125 | -€3,233 | -21.1% |
| Current assets | 29/58 | €167,603 | €172,666 | +€5,064 | +3.0% |
| Amounts receivable after more than one year | 29 | €37,484 | - | -€37,484 | |
| Other amounts receivable | 291 | €37,484 | - | -€37,484 | |
| Amounts receivable within one year | 40/41 | €25,639 | €5,520 | -€20,119 | -78.5% |
| Trade receivables | 40 | €10,751 | €1,373 | -€9,378 | -87.2% |
| Other amounts receivable | 41 | €14,888 | €4,147 | -€10,741 | -72.1% |
| Cash at bank and in hand | 54/58 | €104,479 | €165,282 | +€60,803 | +58.2% |
| Deferred charges and accrued income | 490/1 | - | €1,865 | +€1,865 | |
| Total equity and liabilities | 10/49 | €182,961 | €185,848 | +€2,886 | +1.6% |
| Equity | 10/15 | €180,168 | €180,391 | +€223 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €5,593 | €174,191 | +€168,598 | +3014.7% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €3,738 | €174,191 | +€170,453 | +4560.6% |
| Profit (loss) carried forward | 14 | €168,375 | - | -€168,375 | |
| Amounts payable | 17/49 | €2,794 | €5,457 | +€2,663 | +95.3% |
| Amounts payable within one year | 42/48 | €2,794 | €5,457 | +€2,663 | +95.3% |
| Trade debts | 44 | €2,705 | €1,349 | -€1,356 | -50.1% |
| Suppliers | 440/4 | €2,705 | €1,349 | -€1,356 | -50.1% |
| Advances received on contracts in progress | 46 | - | €4,108 | +€4,108 | |
| Taxes, remuneration and social security | 45 | €89 | - | -€89 | |
| Taxes | 450/3 | €89 | - | -€89 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €808 | €3,565 | +€2,756 | +341.0% |
| Other operating charges | 640/8 | €640 | €479 | -€162 | -25.2% |
| Gross operating margin | 9900 | -€15,505 | €5,010 | +€20,515 | |
| Operating profit (loss) | 9901 | -€16,953 | €967 | +€17,920 | |
| Financial income | 75/76B | €795 | - | -€795 | |
| Recurring financial income | 75 | €795 | - | -€795 | |
| Financial charges | 65/66B | €86 | €585 | +€499 | +579.7% |
| Recurring financial charges | 65 | €86 | €585 | +€499 | +579.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,244 | €382 | +€16,627 | |
| Income taxes | 67/77 | €132 | €159 | +€27 | +20.6% |
| Profit (loss) for the period | 9904 | -€16,376 | €223 | +€16,599 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,376 | €223 | +€16,599 |
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 12 October 2026 via checked.be.