CEMEDA: 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.
CEMEDA
Largest movements
- Tangible fixed assets -€10,954
down €10,954 (-26.0%), from €42,121 to €31,167
of which Furniture and vehicles: -€12,098
- Cash -€3,650
down €3,650 (-51.1%), from €7,138 to €3,488
mainly Trade debts (-€8,147) and Net result for the year (-€6,355)
- Receivables within one year -€3,426
down €3,426 (-55.4%), from €6,190 to €2,764
of which Other amounts receivable: -€2,948
- Trade debts -€8,147
down €8,147 (-80.0%), from €10,179 to €2,032
- Profit (loss) carried forward -€6,355
down €6,355 (-22.6%), from -€28,178 to -€34,532
- Other debts -€3,501
down €3,501 (-4.6%), from €76,042 to €72,541
- Accrued charges and deferred income -€846
down €846 (-100.0%), from €846 to €0
- Tax, wage and social debts +€649
up €649, from €0 to €649
of which Remuneration and social security: +€384
- Gross operating margin +€41,514
up €41,514, from -€29,040 to €12,474
- Depreciation +€7,277
up €7,277 (+122.8%), from €5,924 to €13,202
- Staff costs +€2,143
new in 2025: €2,143
- Other operating charges +€664
up €664 (+27.1%), from €2,449 to €3,113
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 | €60,499 | €42,073 | -€18,425 | -30.5% |
| Fixed assets | 21/28 | €42,121 | €31,167 | -€10,954 | -26.0% |
| Tangible fixed assets | 22/27 | €42,121 | €31,167 | -€10,954 | -26.0% |
| Furniture and vehicles | 24 | €32,401 | €20,302 | -€12,098 | -37.3% |
| Other tangible fixed assets | 26 | €9,720 | €10,864 | +€1,144 | +11.8% |
| Current assets | 29/58 | €18,378 | €10,907 | -€7,471 | -40.7% |
| Amounts receivable within one year | 40/41 | €6,190 | €2,764 | -€3,426 | -55.4% |
| Trade receivables | 40 | €3,242 | €2,764 | -€478 | -14.8% |
| Other amounts receivable | 41 | €2,948 | €0 | -€2,948 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,138 | €3,488 | -€3,650 | -51.1% |
| Deferred charges and accrued income | 490/1 | €5,050 | €4,655 | -€395 | -7.8% |
| Total equity and liabilities | 10/49 | €60,499 | €42,073 | -€18,425 | -30.5% |
| Equity | 10/15 | -€27,178 | -€33,532 | -€6,355 | -23.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,178 | -€34,532 | -€6,355 | -22.6% |
| Amounts payable | 17/49 | €87,677 | €75,606 | -€12,071 | -13.8% |
| Amounts payable within one year | 42/48 | €86,831 | €75,606 | -€11,225 | -12.9% |
| Financial debts | 43 | €610 | €384 | -€226 | -37.0% |
| Credit institutions | 430/8 | €610 | €384 | -€226 | -37.0% |
| Trade debts | 44 | €10,179 | €2,032 | -€8,147 | -80.0% |
| Suppliers | 440/4 | €10,179 | €2,032 | -€8,147 | -80.0% |
| Taxes, remuneration and social security | 45 | €0 | €649 | +€649 | |
| Taxes | 450/3 | €0 | €265 | +€265 | |
| Remuneration and social security | 454/9 | - | €384 | +€384 | |
| Other amounts payable | 47/48 | €76,042 | €72,541 | -€3,501 | -4.6% |
| Accrued charges and deferred income | 492/3 | €846 | €0 | -€846 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €2,143 | +€2,143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,924 | €13,202 | +€7,277 | +122.8% |
| Other operating charges | 640/8 | €2,449 | €3,113 | +€664 | +27.1% |
| Non-recurring operating charges | 66A | - | €9 | +€9 | |
| Gross operating margin | 9900 | -€29,040 | €12,474 | +€41,514 | |
| Operating profit (loss) | 9901 | -€37,413 | -€5,992 | +€31,420 | +84.0% |
| Financial income | 75/76B | €18 | €0 | -€18 | -100.0% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -100.0% |
| Financial charges | 65/66B | €101 | €98 | -€3 | -2.8% |
| Recurring financial charges | 65 | €101 | €98 | -€3 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€37,495 | -€6,090 | +€31,405 | +83.8% |
| Income taxes | 67/77 | €48 | €265 | +€217 | +452.8% |
| Profit (loss) for the period | 9904 | -€37,543 | -€6,355 | +€31,189 | +83.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,543 | -€6,355 | +€31,189 | +83.1% |
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 29 September 2026 via checked.be.