CEMO: 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.
CEMO
Largest movements
- Receivables after one year +€116,500
up €116,500 (+116.5%), from €100,000 to €216,500
- Tangible fixed assets -€53,398
down €53,398 (-45.3%), from €117,764 to €64,366
of which Furniture and vehicles: -€50,176
- Receivables within one year +€23,942
up €23,942 (+17.6%), from €136,098 to €160,040
of which Other amounts receivable: +€16,743
- Cash -€18,059
down €18,059 (-64.7%), from €27,900 to €9,841
mainly Receivables after one year (-€116,500) and Receivables within one year (-€23,942)
- Reserves +€55,544
up €55,544 (+8.1%), from €689,453 to €744,997
of which Distributable reserves: +€55,544
- Debts after one year +€28,041
up €28,041 (+24.1%), from €116,275 to €144,316
- Other debts -€14,407
down €14,407 (-18.4%), from €78,150 to €63,742
- Gross operating margin +€8,365
up €8,365 (+5.8%), from €143,423 to €151,787
- Financial income +€6,138
up €6,138 (+179.6%), from €3,417 to €9,555
- Taxes +€2,887
up €2,887 (+12.1%), from €23,849 to €26,737
- Financial charges +€2,696
up €2,696 (+18.7%), from €14,426 to €17,122
- Depreciation +€2,214
up €2,214 (+3.8%), from €57,699 to €59,913
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 | €1,214,394 | €1,283,692 | +€69,298 | +5.7% |
| Fixed assets | 21/28 | €948,241 | €894,843 | -€53,398 | -5.6% |
| Tangible fixed assets | 22/27 | €117,764 | €64,366 | -€53,398 | -45.3% |
| Plant, machinery and equipment | 23 | €23,863 | €20,642 | -€3,222 | -13.5% |
| Furniture and vehicles | 24 | €93,901 | €43,725 | -€50,176 | -53.4% |
| Financial fixed assets | 28 | €830,477 | €830,477 | = | 0.0% |
| Current assets | 29/58 | €266,153 | €388,849 | +€122,696 | +46.1% |
| Amounts receivable after more than one year | 29 | €100,000 | €216,500 | +€116,500 | +116.5% |
| Other amounts receivable | 291 | €100,000 | €216,500 | +€116,500 | +116.5% |
| Amounts receivable within one year | 40/41 | €136,098 | €160,040 | +€23,942 | +17.6% |
| Trade receivables | 40 | €26,846 | €34,045 | +€7,199 | +26.8% |
| Other amounts receivable | 41 | €109,253 | €125,996 | +€16,743 | +15.3% |
| Cash at bank and in hand | 54/58 | €27,900 | €9,841 | -€18,059 | -64.7% |
| Deferred charges and accrued income | 490/1 | €2,155 | €2,468 | +€313 | +14.5% |
| Total equity and liabilities | 10/49 | €1,214,394 | €1,283,692 | +€69,298 | +5.7% |
| Equity | 10/15 | €889,453 | €944,997 | +€55,544 | +6.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €689,453 | €744,997 | +€55,544 | +8.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €689,453 | €744,997 | +€55,544 | +8.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €324,941 | €338,695 | +€13,754 | +4.2% |
| Amounts payable after more than one year | 17 | €116,275 | €144,316 | +€28,041 | +24.1% |
| Financial debts | 170/4 | €116,275 | €144,316 | +€28,041 | +24.1% |
| Amounts payable within one year | 42/48 | €208,539 | €194,141 | -€14,398 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €89,965 | €94,063 | +€4,097 | +4.6% |
| Financial debts | 43 | €14,717 | €14,410 | -€307 | -2.1% |
| Credit institutions | 430/8 | €14,717 | €14,410 | -€307 | -2.1% |
| Trade debts | 44 | €5,349 | €3,049 | -€2,300 | -43.0% |
| Suppliers | 440/4 | €5,349 | €3,049 | -€2,300 | -43.0% |
| Taxes, remuneration and social security | 45 | €20,358 | €18,877 | -€1,480 | -7.3% |
| Taxes | 450/3 | €20,358 | €18,421 | -€1,936 | -9.5% |
| Remuneration and social security | 454/9 | - | €456 | +€456 | |
| Other amounts payable | 47/48 | €78,150 | €63,742 | -€14,407 | -18.4% |
| Accrued charges and deferred income | 492/3 | €128 | €239 | +€111 | +86.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,699 | €59,913 | +€2,214 | +3.8% |
| Other operating charges | 640/8 | €1,627 | €2,026 | +€400 | +24.6% |
| Gross operating margin | 9900 | €143,423 | €151,787 | +€8,365 | +5.8% |
| Operating profit (loss) | 9901 | €84,097 | €89,848 | +€5,751 | +6.8% |
| Financial income | 75/76B | €3,417 | €9,555 | +€6,138 | +179.6% |
| Recurring financial income | 75 | €3,417 | €9,555 | +€6,138 | +179.6% |
| Financial charges | 65/66B | €14,426 | €17,122 | +€2,696 | +18.7% |
| Recurring financial charges | 65 | €14,426 | €17,122 | +€2,696 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €73,088 | €82,281 | +€9,193 | +12.6% |
| Income taxes | 67/77 | €23,849 | €26,737 | +€2,887 | +12.1% |
| Profit (loss) for the period | 9904 | €49,239 | €55,544 | +€6,305 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,239 | €55,544 | +€6,305 | +12.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.