Cemento: what changed
Two financial 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.
Cemento
Largest movements
- Receivables within one year +€147,087
up €147,087 (+176%), from €83,702 to €230,789
of which Other amounts receivable: +€96,875
- Tangible fixed assets +€21,445
new in 2025: €21,445
of which Furniture and vehicles: +€18,382
- Cash -€16,980
down €16,980 (-83.3%), from €20,382 to €3,402
mainly Receivables within one year (-€147,087) and Contributions, distributions and other (-€60,000)
- Trade debts +€104,486
up €104,486 (+5,778%), from €1,808 to €106,294
- Contributions -€90,000
down €90,000 (-90.0%), from €100,000 to €10,000
- Other debts +€88,525
new in 2025: €88,525
- Reserves +€30,554
new in 2025: €30,554
- Short-term financial debts +€16,450
new in 2025: €16,450
- Write-downs +€77,312
new in 2025: €77,312
- Gross operating margin +€47,495
up €47,495 (+144%), from €33,021 to €80,516
- Depreciation -€15,194
down €15,194 (-82.0%), from €18,539 to €3,345
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.
Derived cash bridge
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 | €105,284 | €256,448 | +€151,164 | +144% |
| Fixed assets | 21/28 | €1,200 | €21,545 | +€20,345 | +1,695% |
| Tangible fixed assets | 22/27 | - | €21,445 | +€21,445 | |
| Plant, machinery and equipment | 23 | - | €3,062 | +€3,062 | |
| Furniture and vehicles | 24 | - | €18,382 | +€18,382 | |
| Financial fixed assets | 28 | €1,200 | €100 | -€1,100 | -91.7% |
| Current assets | 29/58 | €104,084 | €234,904 | +€130,819 | +126% |
| Amounts receivable within one year | 40/41 | €83,702 | €230,789 | +€147,087 | +176% |
| Trade receivables | 40 | €83,679 | €133,891 | +€50,212 | +60.0% |
| Other amounts receivable | 41 | €23 | €96,899 | +€96,875 | +413,114% |
| Cash at bank and in hand | 54/58 | €20,382 | €3,402 | -€16,980 | -83.3% |
| Deferred charges and accrued income | 490/1 | - | €713 | +€713 | |
| Total equity and liabilities | 10/49 | €105,284 | €256,448 | +€151,164 | +144% |
| Equity | 10/15 | €101,431 | €40,554 | -€60,877 | -60.0% |
| Contributions | 10/11 | €100,000 | €10,000 | -€90,000 | -90.0% |
| Reserves | 13 | - | €30,554 | +€30,554 | |
| Distributable reserves | 133 | - | €30,554 | +€30,554 | |
| Profit (loss) carried forward | 14 | €1,431 | €0 | -€1,431 | -100% |
| Amounts payable | 17/49 | €3,853 | €215,894 | +€212,041 | +5,503% |
| Amounts payable within one year | 42/48 | €3,853 | €215,894 | +€212,041 | +5,503% |
| Current portion of amounts payable after more than one year | 42 | €2,045 | - | -€2,045 | |
| Financial debts | 43 | - | €16,450 | +€16,450 | |
| Credit institutions | 430/8 | - | €16,450 | +€16,450 | |
| Trade debts | 44 | €1,808 | €106,294 | +€104,486 | +5,778% |
| Suppliers | 440/4 | €1,808 | €106,294 | +€104,486 | +5,778% |
| Taxes, remuneration and social security | 45 | - | €4,625 | +€4,625 | |
| Taxes | 450/3 | - | €4,625 | +€4,625 | |
| Other amounts payable | 47/48 | - | €88,525 | +€88,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,539 | €3,345 | -€15,194 | -82.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €77,312 | +€77,312 | |
| Other operating charges | 640/8 | €187 | €187 | = | 0.0% |
| Non-recurring operating charges | 66A | - | €411 | +€411 | |
| Gross operating margin | 9900 | €33,021 | €80,516 | +€47,495 | +144% |
| Operating profit (loss) | 9901 | €14,296 | -€739 | -€15,034 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €169 | €78 | -€92 | -54.2% |
| Recurring financial charges | 65 | €169 | €78 | -€92 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €14,126 | -€816 | -€14,942 | |
| Income taxes | 67/77 | - | €61 | +€61 | |
| Profit (loss) for the period | 9904 | €14,126 | -€877 | -€15,003 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,126 | -€877 | -€15,003 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.