CEMAPE: 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.
CEMAPE
Largest movements
- Cash +€50,693
up €50,693 (+99.8%), from €50,791 to €101,484
mainly Current investments (+€47,000) and Net result for the year (+€11,547)
- Current investments -€47,000
down €47,000 (-50.5%), from €93,000 to €46,000
- Receivables within one year +€17,580
up €17,580 (+16.1%), from €109,230 to €126,810
of which Trade receivables: +€13,100
- Reserves +€11,500
up €11,500 (+5.3%), from €216,945 to €228,445
- Gross operating margin -€13,948
down €13,948 (-32.5%), from €42,936 to €28,988
- Taxes -€3,013
down €3,013 (-34.8%), from €8,646 to €5,633
- Other operating charges +€453
up €453 (+18.8%), from €2,413 to €2,867
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 | €807,938 | €823,393 | +€15,456 | +1.9% |
| Fixed assets | 21/28 | €553,200 | €547,444 | -€5,756 | -1.0% |
| Tangible fixed assets | 22/27 | €305,306 | €299,550 | -€5,756 | -1.9% |
| Land and buildings | 22 | €305,306 | €299,550 | -€5,756 | -1.9% |
| Financial fixed assets | 28 | €247,894 | €247,894 | = | 0.0% |
| Current assets | 29/58 | €254,738 | €275,950 | +€21,212 | +8.3% |
| Amounts receivable within one year | 40/41 | €109,230 | €126,810 | +€17,580 | +16.1% |
| Trade receivables | 40 | €102,280 | €115,380 | +€13,100 | +12.8% |
| Other amounts receivable | 41 | €6,950 | €11,430 | +€4,480 | +64.5% |
| Current investments | 50/53 | €93,000 | €46,000 | -€47,000 | -50.5% |
| Cash at bank and in hand | 54/58 | €50,791 | €101,484 | +€50,693 | +99.8% |
| Deferred charges and accrued income | 490/1 | €1,717 | €1,656 | -€61 | -3.6% |
| Total equity and liabilities | 10/49 | €807,938 | €823,393 | +€15,456 | +1.9% |
| Equity | 10/15 | €345,052 | €356,599 | +€11,547 | +3.3% |
| Contributions | 10/11 | €26,029 | €26,029 | = | 0.0% |
| Reserves | 13 | €216,945 | €228,445 | +€11,500 | +5.3% |
| Distributable reserves | 133 | €216,945 | €228,445 | +€11,500 | +5.3% |
| Profit (loss) carried forward | 14 | €102,078 | €102,125 | +€47 | 0.0% |
| Amounts payable | 17/49 | €462,886 | €466,794 | +€3,908 | +0.8% |
| Amounts payable within one year | 42/48 | €454,912 | €458,546 | +€3,634 | +0.8% |
| Trade debts | 44 | €6,710 | €8,213 | +€1,504 | +22.4% |
| Suppliers | 440/4 | €6,710 | €8,213 | +€1,504 | +22.4% |
| Taxes, remuneration and social security | 45 | €5,951 | €4,090 | -€1,861 | -31.3% |
| Taxes | 450/3 | €5,951 | €4,090 | -€1,861 | -31.3% |
| Other amounts payable | 47/48 | €442,251 | €446,242 | +€3,991 | +0.9% |
| Accrued charges and deferred income | 492/3 | €7,975 | €8,248 | +€274 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,756 | €5,756 | = | 0.0% |
| Other operating charges | 640/8 | €2,413 | €2,867 | +€453 | +18.8% |
| Gross operating margin | 9900 | €42,936 | €28,988 | -€13,948 | -32.5% |
| Operating profit (loss) | 9901 | €34,766 | €20,365 | -€14,401 | -41.4% |
| Financial income | 75/76B | €3,039 | €3,048 | +€9 | +0.3% |
| Recurring financial income | 75 | €3,039 | €3,048 | +€9 | +0.3% |
| Financial charges | 65/66B | €5,962 | €6,232 | +€270 | +4.5% |
| Recurring financial charges | 65 | €5,962 | €6,232 | +€270 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €31,843 | €17,181 | -€14,662 | -46.0% |
| Income taxes | 67/77 | €8,646 | €5,633 | -€3,013 | -34.8% |
| Profit (loss) for the period | 9904 | €23,196 | €11,547 | -€11,649 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,196 | €11,547 | -€11,649 | -50.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.