CEMAVI: 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.
CEMAVI
Largest movements
- Cash -€44,261
down €44,261 (-65.2%), from €67,881 to €23,620
mainly Investment in fixed assets (net) (-€55,584) and Other debts (-€34,807)
- Tangible fixed assets +€41,164
up €41,164 (+27.9%), from €147,528 to €188,692
of which Furniture and vehicles: +€45,506
- Other debts -€34,807
down €34,807 (-67.3%), from €51,718 to €16,911
- Debts after one year +€22,850
up €22,850 (+362.7%), from €6,300 to €29,150
of which Financial debts: +€22,850
- Reserves +€10,118
up €10,118 (+7.7%), from €131,980 to €142,097
of which Distributable reserves: +€10,118
- Current portion of long-term debt +€7,150
new in 2025: €7,150
- Trade debts -€6,325
down €6,325 (-80.0%), from €7,907 to €1,582
- Gross operating margin -€5,739
down €5,739 (-14.9%), from €38,589 to €32,851
- Taxes -€2,544
down €2,544 (-35.0%), from €7,266 to €4,722
- Depreciation +€1,791
up €1,791 (+14.2%), from €12,630 to €14,420
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 | €218,050 | €216,502 | -€1,548 | -0.7% |
| Fixed assets | 21/28 | €147,528 | €188,692 | +€41,164 | +27.9% |
| Tangible fixed assets | 22/27 | €147,528 | €188,692 | +€41,164 | +27.9% |
| Land and buildings | 22 | €132,741 | €127,457 | -€5,283 | -4.0% |
| Plant, machinery and equipment | 23 | €14,788 | €15,729 | +€941 | +6.4% |
| Furniture and vehicles | 24 | - | €45,506 | +€45,506 | |
| Current assets | 29/58 | €70,522 | €27,810 | -€42,712 | -60.6% |
| Amounts receivable within one year | 40/41 | €1,292 | €3,290 | +€1,998 | +154.6% |
| Other amounts receivable | 41 | €1,292 | €3,290 | +€1,998 | +154.6% |
| Cash at bank and in hand | 54/58 | €67,881 | €23,620 | -€44,261 | -65.2% |
| Deferred charges and accrued income | 490/1 | €1,349 | €900 | -€449 | -33.3% |
| Total equity and liabilities | 10/49 | €218,050 | €216,502 | -€1,548 | -0.7% |
| Equity | 10/15 | €150,580 | €160,697 | +€10,118 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,980 | €142,097 | +€10,118 | +7.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €130,120 | €140,237 | +€10,118 | +7.8% |
| Amounts payable | 17/49 | €67,470 | €55,805 | -€11,666 | -17.3% |
| Amounts payable after more than one year | 17 | €6,300 | €29,150 | +€22,850 | +362.7% |
| Financial debts | 170/4 | - | €22,850 | +€22,850 | |
| Other amounts payable | 178/9 | €6,300 | €6,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €61,170 | €26,654 | -€34,516 | -56.4% |
| Current portion of amounts payable after more than one year | 42 | - | €7,150 | +€7,150 | |
| Trade debts | 44 | €7,907 | €1,582 | -€6,325 | -80.0% |
| Suppliers | 440/4 | €7,907 | €1,582 | -€6,325 | -80.0% |
| Taxes, remuneration and social security | 45 | €1,545 | €1,012 | -€533 | -34.5% |
| Taxes | 450/3 | €1,545 | €1,012 | -€533 | -34.5% |
| Other amounts payable | 47/48 | €51,718 | €16,911 | -€34,807 | -67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,630 | €14,420 | +€1,791 | +14.2% |
| Other operating charges | 640/8 | €2,945 | €3,164 | +€219 | +7.4% |
| Gross operating margin | 9900 | €38,589 | €32,851 | -€5,739 | -14.9% |
| Operating profit (loss) | 9901 | €23,014 | €15,266 | -€7,748 | -33.7% |
| Financial charges | 65/66B | €299 | €427 | +€128 | +42.7% |
| Recurring financial charges | 65 | €299 | €427 | +€128 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €22,715 | €14,840 | -€7,875 | -34.7% |
| Income taxes | 67/77 | €7,266 | €4,722 | -€2,544 | -35.0% |
| Profit (loss) for the period | 9904 | €15,449 | €10,118 | -€5,332 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,449 | €10,118 | -€5,332 | -34.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.