CEMEL: 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.
CEMEL
Largest movements
- Receivables within one year +€27,600
up €27,600 (+7.9%), from €350,446 to €378,046
- Cash +€5,744
up €5,744 (+76.7%), from €7,488 to €13,232
mainly Net result for the year (+€38,464) and Trade debts (+€8,708)
- Profit (loss) carried forward +€38,464
up €38,464 (+35.2%), from €109,278 to €147,742
- Debts after one year -€10,410
no longer reported in 2025 (was €10,410)
- Trade debts +€8,708
up €8,708 (+2446.1%), from €356 to €9,064
- Gross operating margin +€21,594
up €21,594 (+57.8%), from €37,361 to €58,955
- Taxes +€5,227
up €5,227 (+65.7%), from €7,956 to €13,184
- Financial charges -€1,902
down €1,902 (-68.5%), from €2,776 to €874
- Financial income -€1,279
down €1,279 (-84.8%), from €1,509 to €230
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 | €477,934 | €511,278 | +€33,344 | +7.0% |
| Fixed assets | 21/28 | €120,000 | €120,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €120,000 | €120,000 | = | 0.0% |
| Land and buildings | 22 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €357,934 | €391,278 | +€33,344 | +9.3% |
| Amounts receivable within one year | 40/41 | €350,446 | €378,046 | +€27,600 | +7.9% |
| Other amounts receivable | 41 | €350,446 | €378,046 | +€27,600 | +7.9% |
| Cash at bank and in hand | 54/58 | €7,488 | €13,232 | +€5,744 | +76.7% |
| Total equity and liabilities | 10/49 | €477,934 | €511,278 | +€33,344 | +7.0% |
| Equity | 10/15 | €441,805 | €480,270 | +€38,464 | +8.7% |
| Contributions | 10/11 | €21,079 | €21,079 | = | 0.0% |
| Reserves | 13 | €311,448 | €311,448 | = | 0.0% |
| 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 | €309,588 | €309,588 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,278 | €147,742 | +€38,464 | +35.2% |
| Amounts payable | 17/49 | €36,128 | €31,008 | -€5,120 | -14.2% |
| Amounts payable after more than one year | 17 | €10,410 | - | -€10,410 | |
| Financial debts | 170/4 | €10,410 | - | -€10,410 | |
| Amounts payable within one year | 42/48 | €25,718 | €31,008 | +€5,290 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €17,406 | €18,761 | +€1,355 | +7.8% |
| Trade debts | 44 | €356 | €9,064 | +€8,708 | +2446.1% |
| Suppliers | 440/4 | €356 | €9,064 | +€8,708 | +2446.1% |
| Taxes, remuneration and social security | 45 | €7,956 | €3,184 | -€4,773 | -60.0% |
| Taxes | 450/3 | €7,956 | €3,184 | -€4,773 | -60.0% |
| Other operating charges | 640/8 | €6,896 | €6,663 | -€234 | -3.4% |
| Gross operating margin | 9900 | €37,361 | €58,955 | +€21,594 | +57.8% |
| Operating profit (loss) | 9901 | €30,465 | €52,292 | +€21,827 | +71.6% |
| Financial income | 75/76B | €1,509 | €230 | -€1,279 | -84.8% |
| Recurring financial income | 75 | €1,509 | €230 | -€1,279 | -84.8% |
| Financial charges | 65/66B | €2,776 | €874 | -€1,902 | -68.5% |
| Recurring financial charges | 65 | €2,776 | €874 | -€1,902 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | €29,198 | €51,648 | +€22,450 | +76.9% |
| Income taxes | 67/77 | €7,956 | €13,184 | +€5,227 | +65.7% |
| Profit (loss) for the period | 9904 | €21,241 | €38,464 | +€17,223 | +81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,241 | €38,464 | +€17,223 | +81.1% |
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 7 October 2026 via checked.be.