CEMEON: what changed
What changed
CEMEON
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€20,308
2024 · €14,418+€5,890
Equity
€212,894
2024 · €192,586+€20,308
Cash
€5,408
2024 · €771+€4,637
Balance sheet total
€573,740
2024 · €585,372-€11,631
Largest movements
Assets
- Tangible fixed assets -€19,626
down €19,626 (-3.4%), from €570,540 to €550,914
Equity and liabilities
- Debts after one year -€45,148
down €45,148 (-14.8%), from €305,154 to €260,006
- Reserves +€20,308
up €20,308 (+32.2%), from €63,035 to €83,343
- Trade debts +€6,914
up €6,914 (+61.2%), from €11,299 to €18,213
- Tax, wage and social debts +€6,422
up €6,422 (+120%), from €5,343 to €11,765
of which Taxes: +€8,401
Income statement
- Financial charges -€5,001
down €5,001 (-29.3%), from €17,062 to €12,062
- Gross operating margin +€4,633
up €4,633 (+7.1%), from €65,583 to €70,217
- Taxes +€2,456
up €2,456 (+42.4%), from €5,793 to €8,249
- Depreciation +€1,181
up €1,181 (+4.7%), from €24,946 to €26,126
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€14,418
Gross operating margin
+€4,633
Depreciation
-€1,181
Other operating charges
-€106
Financial income
-€1
Financial charges
+€5,001
Taxes
-€2,456
Result 2025
€20,308
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€56,807
Investment
-€6,500
Financing
-€45,670
Cash 2024
€771
From operations (derived)
+€56,807
Net result for the year
+€20,308
Depreciation
+€26,126
Receivables within one year
-€3,358
Trade debts
+€6,914
Tax, wage and social debts
+€6,422
Other debts
+€387
Accrued charges and deferred income
+€8
Investment (derived)
-€6,500
Investment in fixed assets (net)
-€6,500
Financing
-€45,670
Debts after one year
-€45,148
Current portion of long-term debt
-€523
Cash 2025
€5,408
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €585,372 | €573,740 | -€11,631 | -2.0% |
| Fixed assets | 21/28 | €570,540 | €550,914 | -€19,626 | -3.4% |
| Tangible fixed assets | 22/27 | €570,540 | €550,914 | -€19,626 | -3.4% |
| Land and buildings | 22 | €570,540 | €550,914 | -€19,626 | -3.4% |
| Current assets | 29/58 | €14,832 | €22,827 | +€7,995 | +53.9% |
| Amounts receivable within one year | 40/41 | €14,060 | €17,419 | +€3,358 | +23.9% |
| Trade receivables | 40 | €14,060 | €17,419 | +€3,358 | +23.9% |
| Cash at bank and in hand | 54/58 | €771 | €5,408 | +€4,637 | +601% |
| Total equity and liabilities | 10/49 | €585,372 | €573,740 | -€11,631 | -2.0% |
| Equity | 10/15 | €192,586 | €212,894 | +€20,308 | +10.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,035 | €83,343 | +€20,308 | +32.2% |
| Distributable reserves | 133 | €63,035 | €83,343 | +€20,308 | +32.2% |
| Profit (loss) carried forward | 14 | €123,351 | €123,351 | = | 0.0% |
| Amounts payable | 17/49 | €392,785 | €360,846 | -€31,939 | -8.1% |
| Amounts payable after more than one year | 17 | €305,154 | €260,006 | -€45,148 | -14.8% |
| Financial debts | 170/4 | €305,154 | €260,006 | -€45,148 | -14.8% |
| Amounts payable within one year | 42/48 | €85,135 | €98,336 | +€13,201 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €66,653 | €66,130 | -€523 | -0.8% |
| Trade debts | 44 | €11,299 | €18,213 | +€6,914 | +61.2% |
| Suppliers | 440/4 | €11,299 | €18,213 | +€6,914 | +61.2% |
| Taxes, remuneration and social security | 45 | €5,343 | €11,765 | +€6,422 | +120% |
| Taxes | 450/3 | €2,243 | €10,644 | +€8,401 | +374% |
| Remuneration and social security | 454/9 | €3,100 | €1,121 | -€1,979 | -63.8% |
| Other amounts payable | 47/48 | €1,840 | €2,227 | +€387 | +21.1% |
| Accrued charges and deferred income | 492/3 | €2,496 | €2,504 | +€8 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,946 | €26,126 | +€1,181 | +4.7% |
| Other operating charges | 640/8 | €3,365 | €3,472 | +€106 | +3.2% |
| Gross operating margin | 9900 | €65,583 | €70,217 | +€4,633 | +7.1% |
| Operating profit (loss) | 9901 | €37,273 | €40,619 | +€3,346 | +9.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -85.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -85.9% |
| Financial charges | 65/66B | €17,062 | €12,062 | -€5,001 | -29.3% |
| Recurring financial charges | 65 | €17,062 | €12,062 | -€5,001 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €20,211 | €28,557 | +€8,346 | +41.3% |
| Income taxes | 67/77 | €5,793 | €8,249 | +€2,456 | +42.4% |
| Profit (loss) for the period | 9904 | €14,418 | €20,308 | +€5,890 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,418 | €20,308 | +€5,890 | +40.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.