CEMCO: 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.
CEMCO
Largest movements
- Cash +€2,379
up €2,379 (+17.4%), from €13,681 to €16,060
mainly Net result for the year (+€4,672) and Other debts (+€859)
- Receivables within one year +€1,163
up €1,163 (+67.8%), from €1,715 to €2,878
of which Trade receivables: +€1,141
- Deferred charges and accrued income +€522
new in 2025: €522
- Tangible fixed assets -€461
no longer reported in 2025 (was €461)
- Profit (loss) carried forward +€3,813
up €3,813 (+38.8%), from €9,831 to €13,644
- Tax, wage and social debts -€1,695
down €1,695 (-37.4%), from €4,535 to €2,841
of which Taxes: -€890
- Other debts +€859
new in 2025: €859
- Trade debts +€626
up €626 (+127.8%), from €490 to €1,116
- Gross operating margin -€1,379
down €1,379 (-15.9%), from €8,663 to €7,285
- Other operating charges +€650
new in 2025: €650
- Taxes -€465
down €465 (-24.8%), from €1,874 to €1,409
- Depreciation -€88
down €88 (-16.1%), from €549 to €461
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 | €15,857 | €19,460 | +€3,603 | +22.7% |
| Fixed assets | 21/28 | €461 | - | -€461 | |
| Tangible fixed assets | 22/27 | €461 | - | -€461 | |
| Furniture and vehicles | 24 | €461 | - | -€461 | |
| Current assets | 29/58 | €15,396 | €19,460 | +€4,064 | +26.4% |
| Amounts receivable within one year | 40/41 | €1,715 | €2,878 | +€1,163 | +67.8% |
| Trade receivables | 40 | €1,538 | €2,679 | +€1,141 | +74.2% |
| Other amounts receivable | 41 | €177 | €198 | +€22 | +12.2% |
| Cash at bank and in hand | 54/58 | €13,681 | €16,060 | +€2,379 | +17.4% |
| Deferred charges and accrued income | 490/1 | - | €522 | +€522 | |
| Total equity and liabilities | 10/49 | €15,857 | €19,460 | +€3,603 | +22.7% |
| Equity | 10/15 | €10,831 | €14,644 | +€3,813 | +35.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,831 | €13,644 | +€3,813 | +38.8% |
| Amounts payable | 17/49 | €5,026 | €4,816 | -€210 | -4.2% |
| Amounts payable within one year | 42/48 | €5,026 | €4,816 | -€210 | -4.2% |
| Trade debts | 44 | €490 | €1,116 | +€626 | +127.8% |
| Suppliers | 440/4 | €490 | €1,116 | +€626 | +127.8% |
| Taxes, remuneration and social security | 45 | €4,535 | €2,841 | -€1,695 | -37.4% |
| Taxes | 450/3 | €3,730 | €2,841 | -€890 | -23.9% |
| Remuneration and social security | 454/9 | €805 | - | -€805 | |
| Other amounts payable | 47/48 | - | €859 | +€859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €549 | €461 | -€88 | -16.1% |
| Other operating charges | 640/8 | - | €650 | +€650 | |
| Gross operating margin | 9900 | €8,663 | €7,285 | -€1,379 | -15.9% |
| Operating profit (loss) | 9901 | €8,114 | €6,174 | -€1,940 | -23.9% |
| Financial charges | 65/66B | €69 | €93 | +€24 | +35.1% |
| Recurring financial charges | 65 | €69 | €93 | +€24 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €8,045 | €6,081 | -€1,964 | -24.4% |
| Income taxes | 67/77 | €1,874 | €1,409 | -€465 | -24.8% |
| Profit (loss) for the period | 9904 | €6,171 | €4,672 | -€1,499 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,171 | €4,672 | -€1,499 | -24.3% |
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 2 October 2026 via checked.be.