CEMAPI: 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.
CEMAPI
Largest movements
- Tangible fixed assets +€876,076
up €876,076 (+767.8%), from €114,096 to €990,172
- Revaluation surpluses +€879,787
new in 2025: €879,787
- Gross operating margin +€277
up €277 (+2.6%), from €10,729 to €11,006
- Other operating charges +€165
up €165 (+4.4%), from €3,720 to €3,885
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 | €115,494 | €995,387 | +€879,893 | +761.9% |
| Fixed assets | 21/28 | €114,096 | €990,172 | +€876,076 | +767.8% |
| Tangible fixed assets | 22/27 | €114,096 | €990,172 | +€876,076 | +767.8% |
| Land and buildings | 22 | €114,096 | €990,172 | +€876,076 | +767.8% |
| Current assets | 29/58 | €1,398 | €5,215 | +€3,817 | +273.0% |
| Amounts receivable within one year | 40/41 | - | €3,286 | +€3,286 | |
| Other amounts receivable | 41 | - | €3,286 | +€3,286 | |
| Cash at bank and in hand | 54/58 | €1,398 | €1,929 | +€531 | +38.0% |
| Total equity and liabilities | 10/49 | €115,494 | €995,387 | +€879,893 | +761.9% |
| Equity | 10/15 | €111,419 | €994,715 | +€883,297 | +792.8% |
| Contributions | 10/11 | €114,031 | €114,031 | = | 0.0% |
| Contributions outside capital | 11 | €114,031 | €114,031 | = | 0.0% |
| Other | 1109/19 | €114,031 | €114,031 | = | 0.0% |
| Revaluation surpluses | 12 | - | €879,787 | +€879,787 | |
| Reserves | 13 | €2,270 | €2,270 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,270 | €2,270 | = | 0.0% |
| Legal reserve | 130 | €2,270 | €2,270 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,883 | -€1,372 | +€3,510 | +71.9% |
| Amounts payable | 17/49 | €4,075 | €672 | -€3,403 | -83.5% |
| Amounts payable after more than one year | 17 | €3,384 | €0 | -€3,384 | -100.0% |
| Other amounts payable | 178/9 | €3,384 | €0 | -€3,384 | -100.0% |
| Accrued charges and deferred income | 492/3 | €692 | €672 | -€20 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,710 | €3,710 | = | 0.0% |
| Other operating charges | 640/8 | €3,720 | €3,885 | +€165 | +4.4% |
| Gross operating margin | 9900 | €10,729 | €11,006 | +€277 | +2.6% |
| Operating profit (loss) | 9901 | €3,298 | €3,411 | +€113 | +3.4% |
| Financial income | 75/76B | - | €100 | +€100 | |
| Recurring financial income | 75 | - | €100 | +€100 | |
| Financial charges | 65/66B | €57 | €0 | -€57 | -100.0% |
| Recurring financial charges | 65 | €57 | €0 | -€57 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €3,241 | €3,511 | +€269 | +8.3% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €3,241 | €3,510 | +€269 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,241 | €3,510 | +€269 | +8.3% |
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 10 October 2026 via checked.be.