CEMO: 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.
CEMO
Largest movements
- Cash -€8,766
down €8,766 (-18.2%), from €48,291 to €39,524
mainly Debts after one year (-€48,161) and Tax, wage and social debts (-€4,413)
- Debts after one year -€48,161
down €48,161 (-17.3%), from €278,981 to €230,820
- Reserves +€47,776
up €47,776 (+42.1%), from €113,592 to €161,368
- Gross operating margin +€3,159
up €3,159 (+5.2%), from €60,676 to €63,836
- Taxes +€1,176
up €1,176 (+10.1%), from €11,638 to €12,814
- Financial charges -€940
down €940 (-25.1%), from €3,749 to €2,809
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 | €578,291 | €573,111 | -€5,179 | -0.9% |
| Fixed assets | 21/28 | €530,000 | €530,000 | = | 0.0% |
| Financial fixed assets | 28 | €530,000 | €530,000 | = | 0.0% |
| Current assets | 29/58 | €48,291 | €43,111 | -€5,179 | -10.7% |
| Amounts receivable within one year | 40/41 | - | €3,587 | +€3,587 | |
| Other amounts receivable | 41 | - | €3,587 | +€3,587 | |
| Cash at bank and in hand | 54/58 | €48,291 | €39,524 | -€8,766 | -18.2% |
| Total equity and liabilities | 10/49 | €578,291 | €573,111 | -€5,179 | -0.9% |
| Equity | 10/15 | €213,592 | €261,368 | +€47,776 | +22.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €113,592 | €161,368 | +€47,776 | +42.1% |
| Distributable reserves | 133 | €113,592 | €161,368 | +€47,776 | +42.1% |
| Amounts payable | 17/49 | €364,698 | €311,744 | -€52,955 | -14.5% |
| Amounts payable after more than one year | 17 | €278,981 | €230,820 | -€48,161 | -17.3% |
| Financial debts | 170/4 | €278,981 | €230,820 | -€48,161 | -17.3% |
| Amounts payable within one year | 42/48 | €85,717 | €80,924 | -€4,794 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €47,502 | €48,161 | +€659 | +1.4% |
| Trade debts | 44 | €296 | €236 | -€60 | -20.3% |
| Suppliers | 440/4 | €296 | €236 | -€60 | -20.3% |
| Taxes, remuneration and social security | 45 | €36,940 | €32,526 | -€4,413 | -11.9% |
| Taxes | 450/3 | €36,940 | €32,526 | -€4,413 | -11.9% |
| Other amounts payable | 47/48 | €979 | €0 | -€979 | -100% |
| Other operating charges | 640/8 | €449 | €508 | +€58 | +13.0% |
| Gross operating margin | 9900 | €60,676 | €63,836 | +€3,159 | +5.2% |
| Operating profit (loss) | 9901 | €60,227 | €63,328 | +€3,101 | +5.1% |
| Financial income | 75/76B | - | €71 | +€71 | |
| Recurring financial income | 75 | - | €71 | +€71 | |
| Financial charges | 65/66B | €3,749 | €2,809 | -€940 | -25.1% |
| Recurring financial charges | 65 | €3,749 | €2,809 | -€940 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €56,478 | €60,589 | +€4,111 | +7.3% |
| Income taxes | 67/77 | €11,638 | €12,814 | +€1,176 | +10.1% |
| Profit (loss) for the period | 9904 | €44,840 | €47,776 | +€2,936 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,840 | €47,776 | +€2,936 | +6.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.