CEMART: 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.
CEMART
Largest movements
- Receivables within one year -€335,173
down €335,173 (-50.5%), from €664,317 to €329,144
of which Trade receivables: -€416,101
- Stocks and contracts -€71,890
down €71,890 (-38.7%), from €185,970 to €114,080
- Cash -€12,794
down €12,794 (-46.4%), from €27,547 to €14,753
mainly Other debts (-€193,964) and Net result for the year (-€106,204)
- Contributions -€5.0m
down €5.0m (-96.4%), from €5.2m to €190,000
- Profit (loss) carried forward +€4.9m
up €4.9m (+97.9%), from -€5.0m to -€104,510
- Other debts -€193,964
down €193,964 (-100.0%), from €193,964 to €0
- Trade debts -€81,887
down €81,887 (-62.8%), from €130,310 to €48,422
- Debts after one year -€30,000
down €30,000 (-9.7%), from €310,000 to €280,000
- Gross operating margin -€498,112
down €498,112, from €427,035 to -€71,077
- Staff costs -€67,470
down €67,470, from €67,302 to -€167
- Financial charges -€20,210
down €20,210 (-38.8%), from €52,135 to €31,926
- Financial income -€17,239
down €17,239 (-97.7%), from €17,652 to €413
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €879,248 | €458,904 | -€420,344 | -47.8% |
| Fixed assets | 21/28 | €1,414 | €926 | -€488 | -34.5% |
| Tangible fixed assets | 22/27 | €1,414 | €926 | -€488 | -34.5% |
| Plant, machinery and equipment | 23 | €0 | €926 | +€926 | |
| Furniture and vehicles | 24 | €1,414 | €0 | -€1,414 | -100.0% |
| Current assets | 29/58 | €877,834 | €457,977 | -€419,857 | -47.8% |
| Stocks and contracts in progress | 3 | €185,970 | €114,080 | -€71,890 | -38.7% |
| Stocks | 30/36 | €185,970 | €114,080 | -€71,890 | -38.7% |
| Amounts receivable within one year | 40/41 | €664,317 | €329,144 | -€335,173 | -50.5% |
| Trade receivables | 40 | €635,793 | €219,692 | -€416,101 | -65.4% |
| Other amounts receivable | 41 | €28,524 | €109,452 | +€80,928 | +283.7% |
| Cash at bank and in hand | 54/58 | €27,547 | €14,753 | -€12,794 | -46.4% |
| Total equity and liabilities | 10/49 | €879,248 | €458,904 | -€420,344 | -47.8% |
| Equity | 10/15 | €191,712 | €85,490 | -€106,222 | -55.4% |
| Contributions | 10/11 | €5,239,000 | €190,000 | -€5.0m | -96.4% |
| Capital | 10 | €5,239,000 | €190,000 | -€5.0m | -96.4% |
| Issued capital | 100 | €5,239,000 | €190,000 | -€5.0m | -96.4% |
| Profit (loss) carried forward | 14 | -€5,047,288 | -€104,510 | +€4.9m | +97.9% |
| Amounts payable | 17/49 | €687,536 | €373,414 | -€314,122 | -45.7% |
| Amounts payable after more than one year | 17 | €310,000 | €280,000 | -€30,000 | -9.7% |
| Financial debts | 170/4 | €310,000 | €280,000 | -€30,000 | -9.7% |
| Amounts payable within one year | 42/48 | €332,545 | €48,422 | -€284,122 | -85.4% |
| Trade debts | 44 | €130,310 | €48,422 | -€81,887 | -62.8% |
| Suppliers | 440/4 | €130,310 | €48,422 | -€81,887 | -62.8% |
| Taxes, remuneration and social security | 45 | €8,272 | €0 | -€8,272 | -100.0% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €8,272 | €0 | -€8,272 | -100.0% |
| Other amounts payable | 47/48 | €193,964 | €0 | -€193,964 | -100.0% |
| Accrued charges and deferred income | 492/3 | €44,991 | €44,991 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €67,302 | -€167 | -€67,470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,568 | €1,785 | -€783 | -30.5% |
| Other operating charges | 640/8 | €1,543 | €1,996 | +€453 | +29.3% |
| Gross operating margin | 9900 | €427,035 | -€71,077 | -€498,112 | |
| Operating profit (loss) | 9901 | €355,622 | -€74,691 | -€430,312 | |
| Financial income | 75/76B | €17,652 | €413 | -€17,239 | -97.7% |
| Recurring financial income | 75 | €17,652 | €413 | -€17,239 | -97.7% |
| Financial charges | 65/66B | €52,135 | €31,926 | -€20,210 | -38.8% |
| Recurring financial charges | 65 | €52,135 | €31,926 | -€20,210 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €321,138 | -€106,204 | -€427,342 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €321,138 | -€106,204 | -€427,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €321,138 | -€106,204 | -€427,342 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.