CEMATH CONSULT: 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.
CEMATH CONSULT
Largest movements
- Cash +€161,169
up €161,169 (+214.1%), from €75,273 to €236,442
mainly Net result for the year (+€181,075) and Current investments (+€88,170)
- Financial fixed assets +€125,000
up €125,000 (+25000.0%), from €500 to €125,500
- Current investments -€88,170
down €88,170 (-83.2%), from €105,915 to €17,745
- Tangible fixed assets -€16,297
down €16,297 (-31.2%), from €52,273 to €35,976
- Reserves +€181,308
up €181,308 (+80.2%), from €226,000 to €407,308
- Gross operating margin +€82,869
up €82,869 (+48.5%), from €170,812 to €253,681
- Taxes +€19,941
up €19,941 (+56.6%), from €35,260 to €55,201
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 | €253,077 | €436,010 | +€182,934 | +72.3% |
| Fixed assets | 21/28 | €52,773 | €161,476 | +€108,703 | +206.0% |
| Tangible fixed assets | 22/27 | €52,273 | €35,976 | -€16,297 | -31.2% |
| Furniture and vehicles | 24 | €52,273 | €35,976 | -€16,297 | -31.2% |
| Financial fixed assets | 28 | €500 | €125,500 | +€125,000 | +25000.0% |
| Current assets | 29/58 | €200,303 | €274,534 | +€74,231 | +37.1% |
| Amounts receivable within one year | 40/41 | €18,233 | €19,461 | +€1,228 | +6.7% |
| Trade receivables | 40 | €18,233 | €19,461 | +€1,228 | +6.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €105,915 | €17,745 | -€88,170 | -83.2% |
| Cash at bank and in hand | 54/58 | €75,273 | €236,442 | +€161,169 | +214.1% |
| Deferred charges and accrued income | 490/1 | €883 | €887 | +€4 | +0.4% |
| Total equity and liabilities | 10/49 | €253,077 | €436,010 | +€182,934 | +72.3% |
| Equity | 10/15 | €227,233 | €408,308 | +€181,075 | +79.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €226,000 | €407,308 | +€181,308 | +80.2% |
| Distributable reserves | 133 | €226,000 | €407,308 | +€181,308 | +80.2% |
| Profit (loss) carried forward | 14 | €233 | €0 | -€233 | -100.0% |
| Amounts payable | 17/49 | €25,844 | €27,702 | +€1,858 | +7.2% |
| Amounts payable within one year | 42/48 | €25,597 | €27,485 | +€1,888 | +7.4% |
| Trade debts | 44 | €4,090 | €1,284 | -€2,806 | -68.6% |
| Suppliers | 440/4 | €4,090 | €1,284 | -€2,806 | -68.6% |
| Taxes, remuneration and social security | 45 | €17,301 | €21,635 | +€4,334 | +25.1% |
| Taxes | 450/3 | €17,301 | €21,635 | +€4,334 | +25.1% |
| Other amounts payable | 47/48 | €4,206 | €4,565 | +€360 | +8.6% |
| Accrued charges and deferred income | 492/3 | €247 | €217 | -€29 | -11.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,297 | €16,297 | = | 0.0% |
| Other operating charges | 640/8 | €1,112 | €1,217 | +€105 | +9.5% |
| Non-recurring operating charges | 66A | €181 | €0 | -€181 | -100.0% |
| Gross operating margin | 9900 | €170,812 | €253,681 | +€82,869 | +48.5% |
| Operating profit (loss) | 9901 | €153,221 | €236,167 | +€82,946 | +54.1% |
| Financial income | 75/76B | €2,698 | €712 | -€1,987 | -73.6% |
| Recurring financial income | 75 | €2,698 | €712 | -€1,987 | -73.6% |
| Financial charges | 65/66B | €505 | €602 | +€98 | +19.3% |
| Recurring financial charges | 65 | €505 | €602 | +€98 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €155,415 | €236,276 | +€80,861 | +52.0% |
| Income taxes | 67/77 | €35,260 | €55,201 | +€19,941 | +56.6% |
| Profit (loss) for the period | 9904 | €120,155 | €181,075 | +€60,921 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €120,155 | €181,075 | +€60,921 | +50.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.