Cemminerals: 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.
What changed
Cemminerals
NACE 23.510, Manufacture of other non-metallic mineral products
financial year 2023 compared with 2021not consecutivefiled annual accounts (NBB)
Net result for the year
€37.8m
2021 · €3.2m+€34.7m
Equity
€22.7m
2021 · €8.0m+€14.7m
Cash
€2.3m
2021 · €7.7m-€5.4m
Balance sheet total
€54.7m
2021 · €36.9m+€17.8m
Largest movements
Assets
- Current investments +€17.5m
new in 2023: €17.5m
- Cash -€5.4m
down €5.4m (-70.1%), from €7.7m to €2.3m
- Stocks and contracts +€4.0m
up €4.0m (+113%), from €3.6m to €7.6m
- Receivables within one year +€3.3m
up €3.3m (+105%), from €3.2m to €6.5m
of which Trade receivables: +€2.8m
- Tangible fixed assets -€1.5m
down €1.5m (-7.0%), from €22.1m to €20.6m
of which Plant, machinery and equipment: -€1.8m
Equity and liabilities
- Other debts +€22.6m
up €22.6m (+5,667%), from €398,807 to €23.0m
- Debts after one year -€21.3m
down €21.3m (-98.9%), from €21.5m to €240,000
- Reserves +€12.4m
new in 2023: €12.4m
- Profit (loss) carried forward +€2.4m
up €2.4m, from -€306,159 to €2.1m
- Current portion of long-term debt -€2.1m
down €2.1m (-89.6%), from €2.3m to €240,000
Income statement
- Turnover +€111.6m
up €111.6m (+203%), from €55.0m to €166.6m
- Goods and materials +€48.3m
up €48.3m (+136%), from €35.4m to €83.7m
of which Purchases: +€44.7m
- Services and other goods +€16.2m
up €16.2m (+180%), from €9.0m to €25.1m
- Taxes +€6.0m
up €6.0m (+3,741%), from €160,919 to €6.2m
- Depreciation +€4.0m
up €4.0m (+82.2%), from €4.9m to €8.9m
From the 2021 result to the 2023 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.
Result 2021
€3.2m
Turnover
+€111.6m
Other operating income
+€324,479
Goods and materials
-€48.3m
Services and other goods
-€16.2m
Staff costs
-€2.0m
Depreciation
-€4.0m
Write-downs
-€64,901
Other operating charges
-€187,233
Other operating items
+€889,019
Financial income
-€146,143
Financial charges
-€1.2m
Taxes
-€6.0m
Result 2023
€37.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,923,687 | €54,683,649 | +€17.8m | +48.1% |
| Fixed assets | 21/28 | €22,370,320 | €20,620,534 | -€1.7m | -7.8% |
| Intangible fixed assets | 21 | €230,584 | €10,858 | -€219,726 | -95.3% |
| Tangible fixed assets | 22/27 | €22,139,736 | €20,595,676 | -€1.5m | -7.0% |
| Land and buildings | 22 | €10,350,189 | €12,045,535 | +€1.7m | +16.4% |
| Plant, machinery and equipment | 23 | €9,706,193 | €7,920,121 | -€1.8m | -18.4% |
| Furniture and vehicles | 24 | €383,669 | €611,279 | +€227,611 | +59.3% |
| Leasing and similar rights | 25 | €78,393 | €0 | -€78,393 | -100% |
| Assets under construction and advance payments | 27 | €1,621,292 | €18,740 | -€1.6m | -98.8% |
| Financial fixed assets | 28 | - | €14,000 | +€14,000 | |
| Other financial fixed assets | 284/8 | - | €14,000 | +€14,000 | |
| Amounts receivable and cash guarantees | 285/8 | - | €14,000 | +€14,000 | |
| Current assets | 29/58 | €14,553,367 | €34,063,115 | +€19.5m | +134% |
| Stocks and contracts in progress | 3 | €3,587,251 | €7,635,043 | +€4.0m | +113% |
| Stocks | 30/36 | €3,587,251 | €7,635,043 | +€4.0m | +113% |
| Raw materials and consumables | 30/31 | €3,209,264 | €4,358,852 | +€1.1m | +35.8% |
| Finished goods | 33 | €377,988 | €563,097 | +€185,109 | +49.0% |
| Advance payments | 36 | - | €2,713,094 | +€2.7m | |
| Amounts receivable within one year | 40/41 | €3,167,377 | €6,483,196 | +€3.3m | +105% |
| Trade receivables | 40 | €3,167,377 | €6,009,198 | +€2.8m | +89.7% |
| Other amounts receivable | 41 | - | €473,998 | +€473,998 | |
| Current investments | 50/53 | - | €17,500,000 | +€17.5m | |
| Other investments | 51/53 | - | €17,500,000 | +€17.5m | |
| Cash at bank and in hand | 54/58 | €7,654,784 | €2,285,791 | -€5.4m | -70.1% |
| Deferred charges and accrued income | 490/1 | €143,955 | €159,085 | +€15,130 | +10.5% |
| Total equity and liabilities | 10/49 | €36,923,687 | €54,683,649 | +€17.8m | +48.1% |
| Equity | 10/15 | €8,038,498 | €22,733,689 | +€14.7m | +183% |
| Contributions | 10/11 | €8,000,000 | €8,000,000 | = | 0.0% |
| Capital | 10 | €8,000,000 | €8,000,000 | = | 0.0% |
| Issued capital | 100 | €8,000,000 | €8,000,000 | = | 0.0% |
| Reserves | 13 | - | €12,448,135 | +€12.4m | |
| Tax-exempt reserves | 132 | - | €12,448,135 | +€12.4m | |
| Profit (loss) carried forward | 14 | -€306,159 | €2,066,745 | +€2.4m | |
| Investment grants | 15 | €344,658 | €218,809 | -€125,849 | -36.5% |
| Amounts payable | 17/49 | €28,885,189 | €31,949,960 | +€3.1m | +10.6% |
| Amounts payable after more than one year | 17 | €21,526,862 | €240,000 | -€21.3m | -98.9% |
| Financial debts | 170/4 | €21,526,862 | €240,000 | -€21.3m | -98.9% |
| Subordinated loans | 170 | - | €0 | = | |
| Leasing and similar obligations | 172 | €6,862 | €0 | -€6,862 | -100% |
| Credit institutions | 173 | €15,520,000 | €240,000 | -€15.3m | -98.5% |
| Other loans | 174 | €6,000,000 | - | -€6.0m | |
| Amounts payable within one year | 42/48 | €7,113,130 | €31,576,010 | +€24.5m | +344% |
| Current portion of amounts payable after more than one year | 42 | €2,305,656 | €240,000 | -€2.1m | -89.6% |
| Financial debts | 43 | - | €1,800,000 | +€1.8m | |
| Credit institutions | 430/8 | - | €1,800,000 | +€1.8m | |
| Trade debts | 44 | €3,904,107 | €5,472,844 | +€1.6m | +40.2% |
| Suppliers | 440/4 | €3,904,107 | €5,472,844 | +€1.6m | +40.2% |
| Advances received on contracts in progress | 46 | €123,187 | €0 | -€123,187 | -100% |
| Taxes, remuneration and social security | 45 | €381,373 | €1,063,166 | +€681,794 | +179% |
| Taxes | 450/3 | €233,949 | €735,996 | +€502,047 | +215% |
| Remuneration and social security | 454/9 | €147,424 | €327,171 | +€179,747 | +122% |
| Other amounts payable | 47/48 | €398,807 | €23,000,000 | +€22.6m | +5,667% |
| Accrued charges and deferred income | 492/3 | €245,197 | €133,950 | -€111,248 | -45.4% |
| Operating income | 70/76A | €55,072,630 | €167,864,950 | +€112.8m | +205% |
| Turnover | 70 | €55,021,892 | €166,579,011 | +€111.6m | +203% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€64,093 | €845,330 | +€909,423 | |
| Other operating income | 74 | €114,830 | €439,309 | +€324,479 | +283% |
| Non-recurring operating income | 76A | - | €1,300 | +€1,300 | |
| Operating charges | 60/66A | €50,566,723 | €121,357,208 | +€70.8m | +140% |
| Goods for resale, raw materials and consumables | 60 | €35,423,881 | €83,722,762 | +€48.3m | +136% |
| Purchases | 600/8 | €36,885,928 | €81,536,370 | +€44.7m | +121% |
| Change in stocks: decrease (increase) | 609 | -€1,462,047 | €2,186,393 | +€3.6m | |
| Services and other goods | 61 | €8,968,661 | €25,138,744 | +€16.2m | +180% |
| Remuneration, social security and pensions | 62 | €1,067,652 | €3,084,798 | +€2.0m | +189% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,900,824 | €8,931,363 | +€4.0m | +82.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €64,901 | +€64,901 | |
| Other operating charges | 640/8 | €205,704 | €392,937 | +€187,233 | +91.0% |
| Non-recurring operating charges | 66A | - | €21,704 | +€21,704 | |
| Operating profit (loss) | 9901 | €4,505,907 | €46,507,742 | +€42.0m | +932% |
| Financial income | 75/76B | €285,691 | €139,549 | -€146,143 | -51.2% |
| Recurring financial income | 75 | €285,691 | €139,549 | -€146,143 | -51.2% |
| Income from current assets | 751 | - | €67,571 | +€67,571 | |
| Other financial income | 752/9 | €285,691 | €71,978 | -€213,714 | -74.8% |
| Financial charges | 65/66B | €1,471,709 | €2,645,123 | +€1.2m | +79.7% |
| Recurring financial charges | 65 | €1,471,709 | €2,645,123 | +€1.2m | +79.7% |
| Debt charges | 650 | €895,445 | €888,104 | -€7,341 | -0.8% |
| Other financial charges | 652/9 | €576,264 | €1,757,019 | +€1.2m | +205% |
| Profit (loss) for the period before taxes | 9903 | €3,319,889 | €44,002,167 | +€40.7m | +1,225% |
| Income taxes | 67/77 | €160,919 | €6,181,128 | +€6.0m | +3,741% |
| Taxes | 670/3 | €160,919 | €6,181,128 | +€6.0m | +3,741% |
| Profit (loss) for the period | 9904 | €3,158,970 | €37,821,039 | +€34.7m | +1,097% |
| Transfer to tax-exempt reserves | 689 | - | €12,448,135 | +€12.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €3,158,970 | €25,372,904 | +€22.2m | +703% |
Source: filed annual accounts (NBB), financial years ended 30 December 2021 and 30 November 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.