Cemang: 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.
Cemang
Largest movements
- Cash +€38,028
up €38,028 (+122%), from €31,050 to €69,078
mainly Net result for the year (+€32,691) and Trade debts (+€8,006)
- Receivables within one year +€5,795
up €5,795 (+74.2%), from €7,812 to €13,606
of which Trade receivables: +€12,865
- Tangible fixed assets +€5,568
up €5,568 (+38.3%), from €14,535 to €20,103
of which Furniture and vehicles: +€6,838
- Reserves +€32,691
up €32,691 (+67.9%), from €48,145 to €80,836
- Trade debts +€8,006
up €8,006 (+478%), from €1,676 to €9,682
- Tax, wage and social debts +€7,804
up €7,804 (+251%), from €3,112 to €10,916
- Gross operating margin +€25,800
up €25,800 (+96.3%), from €26,800 to €52,600
- Taxes +€9,179
up €9,179 (+173%), from €5,305 to €14,484
- Depreciation +€593
up €593 (+19.4%), from €3,050 to €3,643
- Financial charges -€572
down €572 (-48.4%), from €1,181 to €609
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 | €54,975 | €103,514 | +€48,540 | +88.3% |
| Fixed assets | 21/28 | €14,535 | €20,103 | +€5,568 | +38.3% |
| Tangible fixed assets | 22/27 | €14,535 | €20,103 | +€5,568 | +38.3% |
| Plant, machinery and equipment | 23 | €3,922 | €2,875 | -€1,047 | -26.7% |
| Furniture and vehicles | 24 | €9,610 | €16,448 | +€6,838 | +71.2% |
| Other tangible fixed assets | 26 | €1,004 | €780 | -€223 | -22.3% |
| Current assets | 29/58 | €40,440 | €83,411 | +€42,971 | +106% |
| Amounts receivable within one year | 40/41 | €7,812 | €13,606 | +€5,795 | +74.2% |
| Trade receivables | 40 | €617 | €13,482 | +€12,865 | +2,085% |
| Other amounts receivable | 41 | €7,195 | €125 | -€7,070 | -98.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €31,050 | €69,078 | +€38,028 | +122% |
| Deferred charges and accrued income | 490/1 | €1,578 | €727 | -€851 | -53.9% |
| Total equity and liabilities | 10/49 | €54,975 | €103,514 | +€48,540 | +88.3% |
| Equity | 10/15 | €50,145 | €82,836 | +€32,691 | +65.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €48,145 | €80,836 | +€32,691 | +67.9% |
| Distributable reserves | 133 | €48,145 | €80,836 | +€32,691 | +67.9% |
| Amounts payable | 17/49 | €4,830 | €20,678 | +€15,848 | +328% |
| Amounts payable within one year | 42/48 | €4,830 | €20,678 | +€15,848 | +328% |
| Trade debts | 44 | €1,676 | €9,682 | +€8,006 | +478% |
| Suppliers | 440/4 | €1,676 | €9,682 | +€8,006 | +478% |
| Taxes, remuneration and social security | 45 | €3,112 | €10,916 | +€7,804 | +251% |
| Taxes | 450/3 | €3,112 | €10,916 | +€7,804 | +251% |
| Other amounts payable | 47/48 | €42 | €81 | +€39 | +93.4% |
| Remuneration, social security and pensions | 62 | - | €290 | +€290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,050 | €3,643 | +€593 | +19.4% |
| Other operating charges | 640/8 | €1,166 | €958 | -€208 | -17.8% |
| Gross operating margin | 9900 | €26,800 | €52,600 | +€25,800 | +96.3% |
| Operating profit (loss) | 9901 | €22,584 | €47,709 | +€25,126 | +111% |
| Financial income | 75/76B | €238 | €75 | -€163 | -68.5% |
| Recurring financial income | 75 | €238 | €75 | -€163 | -68.5% |
| Financial charges | 65/66B | €1,181 | €609 | -€572 | -48.4% |
| Recurring financial charges | 65 | €1,181 | €609 | -€572 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €21,641 | €47,175 | +€25,534 | +118% |
| Income taxes | 67/77 | €5,305 | €14,484 | +€9,179 | +173% |
| Profit (loss) for the period | 9904 | €16,335 | €32,691 | +€16,356 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €16,335 | €32,691 | +€16,356 | +100% |
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 14 October 2026 via checked.be.