CEMAS-GROUP: 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.
CEMAS-GROUP
Largest movements
- Stocks and contracts -€17,806
down €17,806 (-34.8%), from €51,203 to €33,397
- Cash +€8,389
up €8,389 (+108%), from €7,756 to €16,145
mainly Stocks and contracts (+€17,806) and Net result for the year (+€7,226)
- Receivables within one year +€1,429
new in 2025: €1,429
- Deferred charges and accrued income +€883
new in 2025: €883
- Tangible fixed assets +€743
up €743 (+77.9%), from €954 to €1,697
of which Plant, machinery and equipment: +€998
- Other debts -€15,698
down €15,698 (-31.5%), from €49,858 to €34,160
- Reserves +€7,226
up €7,226 (+104%), from €6,976 to €14,202
- Trade debts +€1,953
up €1,953 (+4,069%), from €48 to €2,001
- Gross operating margin -€683
down €683 (-5.9%), from €11,537 to €10,854
- Other operating charges -€611
down €611 (-36.3%), from €1,681 to €1,070
- Depreciation +€209
up €209 (+70.8%), from €295 to €504
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 | €59,913 | €53,551 | -€6,362 | -10.6% |
| Fixed assets | 21/28 | €954 | €1,697 | +€743 | +77.9% |
| Tangible fixed assets | 22/27 | €954 | €1,697 | +€743 | +77.9% |
| Plant, machinery and equipment | 23 | €60 | €1,058 | +€998 | +1,663% |
| Furniture and vehicles | 24 | €894 | €639 | -€255 | -28.5% |
| Current assets | 29/58 | €58,959 | €51,854 | -€7,105 | -12.1% |
| Stocks and contracts in progress | 3 | €51,203 | €33,397 | -€17,806 | -34.8% |
| Stocks | 30/36 | €51,203 | €33,397 | -€17,806 | -34.8% |
| Amounts receivable within one year | 40/41 | - | €1,429 | +€1,429 | |
| Other amounts receivable | 41 | - | €1,429 | +€1,429 | |
| Cash at bank and in hand | 54/58 | €7,756 | €16,145 | +€8,389 | +108% |
| Deferred charges and accrued income | 490/1 | - | €883 | +€883 | |
| Total equity and liabilities | 10/49 | €59,913 | €53,551 | -€6,362 | -10.6% |
| Equity | 10/15 | €8,176 | €15,402 | +€7,226 | +88.4% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €6,976 | €14,202 | +€7,226 | +104% |
| Distributable reserves | 133 | €6,976 | €14,202 | +€7,226 | +104% |
| Amounts payable | 17/49 | €51,737 | €38,149 | -€13,588 | -26.3% |
| Amounts payable within one year | 42/48 | €51,737 | €38,149 | -€13,588 | -26.3% |
| Trade debts | 44 | €48 | €2,001 | +€1,953 | +4,069% |
| Suppliers | 440/4 | €48 | €2,001 | +€1,953 | +4,069% |
| Taxes, remuneration and social security | 45 | €1,831 | €1,988 | +€157 | +8.6% |
| Taxes | 450/3 | €1,831 | €1,988 | +€157 | +8.6% |
| Other amounts payable | 47/48 | €49,858 | €34,160 | -€15,698 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295 | €504 | +€209 | +70.8% |
| Other operating charges | 640/8 | €1,681 | €1,070 | -€611 | -36.3% |
| Gross operating margin | 9900 | €11,537 | €10,854 | -€683 | -5.9% |
| Operating profit (loss) | 9901 | €9,561 | €9,280 | -€281 | -2.9% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €47 | €56 | +€9 | +19.1% |
| Recurring financial charges | 65 | €47 | €56 | +€9 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €9,522 | €9,224 | -€298 | -3.1% |
| Income taxes | 67/77 | €1,989 | €1,998 | +€9 | +0.5% |
| Profit (loss) for the period | 9904 | €7,533 | €7,226 | -€307 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,533 | €7,226 | -€307 | -4.1% |
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 15 October 2026 via checked.be.