CEMONO: 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.
CEMONO
Largest movements
- Cash -€55,765
down €55,765 (-20.8%), from €268,570 to €212,805
mainly Trade debts (-€57,338) and Receivables within one year (-€54,388)
- Receivables within one year +€54,388
up €54,388 (+61.3%), from €88,761 to €143,149
of which Other amounts receivable: +€61,968
- Stocks and contracts +€8,440
up €8,440 (+892.5%), from €946 to €9,386
- Tangible fixed assets -€7,098
down €7,098 (-14.4%), from €49,210 to €42,112
- Reserves +€67,796
up €67,796 (+40.7%), from €166,732 to €234,529
of which Distributable reserves: +€67,796
- Trade debts -€57,338
down €57,338 (-40.1%), from €143,078 to €85,740
- Tax, wage and social debts +€14,275
up €14,275 (+63.6%), from €22,449 to €36,724
of which Taxes: +€16,180
- Advances received -€11,309
down €11,309 (-99.3%), from €11,386 to €77
- Other debts -€9,935
down €9,935 (-72.0%), from €13,796 to €3,860
- Gross operating margin +€42,116
up €42,116 (+27.4%), from €153,768 to €195,884
- Staff costs +€15,775
up €15,775 (+25.9%), from €60,874 to €76,649
- Taxes +€13,585
up €13,585 (+73.2%), from €18,555 to €32,140
- Depreciation -€4,041
down €4,041 (-22.3%), from €18,133 to €14,093
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 | €408,180 | €407,488 | -€691 | -0.2% |
| Fixed assets | 21/28 | €49,210 | €42,112 | -€7,098 | -14.4% |
| Tangible fixed assets | 22/27 | €49,210 | €42,112 | -€7,098 | -14.4% |
| Land and buildings | 22 | €22,728 | €19,454 | -€3,275 | -14.4% |
| Plant, machinery and equipment | 23 | €21,397 | €18,809 | -€2,589 | -12.1% |
| Furniture and vehicles | 24 | €5,084 | €3,849 | -€1,235 | -24.3% |
| Current assets | 29/58 | €358,970 | €365,377 | +€6,407 | +1.8% |
| Stocks and contracts in progress | 3 | €946 | €9,386 | +€8,440 | +892.5% |
| Stocks | 30/36 | €946 | €9,386 | +€8,440 | +892.5% |
| Amounts receivable within one year | 40/41 | €88,761 | €143,149 | +€54,388 | +61.3% |
| Trade receivables | 40 | €77,566 | €69,987 | -€7,580 | -9.8% |
| Other amounts receivable | 41 | €11,195 | €73,162 | +€61,968 | +553.5% |
| Cash at bank and in hand | 54/58 | €268,570 | €212,805 | -€55,765 | -20.8% |
| Deferred charges and accrued income | 490/1 | €693 | €37 | -€655 | -94.6% |
| Total equity and liabilities | 10/49 | €408,180 | €407,488 | -€691 | -0.2% |
| Equity | 10/15 | €185,332 | €253,129 | +€67,796 | +36.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €166,732 | €234,529 | +€67,796 | +40.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €164,872 | €232,669 | +€67,796 | +41.1% |
| Amounts payable | 17/49 | €222,847 | €154,360 | -€68,488 | -30.7% |
| Amounts payable after more than one year | 17 | €2,958 | - | -€2,958 | |
| Financial debts | 170/4 | €2,958 | - | -€2,958 | |
| Amounts payable within one year | 42/48 | €219,889 | €154,360 | -€65,529 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €29,180 | €27,958 | -€1,222 | -4.2% |
| Trade debts | 44 | €143,078 | €85,740 | -€57,338 | -40.1% |
| Suppliers | 440/4 | €143,078 | €85,740 | -€57,338 | -40.1% |
| Advances received on contracts in progress | 46 | €11,386 | €77 | -€11,309 | -99.3% |
| Taxes, remuneration and social security | 45 | €22,449 | €36,724 | +€14,275 | +63.6% |
| Taxes | 450/3 | €8,171 | €24,351 | +€16,180 | +198.0% |
| Remuneration and social security | 454/9 | €14,278 | €12,373 | -€1,905 | -13.3% |
| Other amounts payable | 47/48 | €13,796 | €3,860 | -€9,935 | -72.0% |
| Remuneration, social security and pensions | 62 | €60,874 | €76,649 | +€15,775 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,133 | €14,093 | -€4,041 | -22.3% |
| Other operating charges | 640/8 | €3,419 | €2,107 | -€1,312 | -38.4% |
| Gross operating margin | 9900 | €153,768 | €195,884 | +€42,116 | +27.4% |
| Operating profit (loss) | 9901 | €71,343 | €103,036 | +€31,693 | +44.4% |
| Financial income | 75/76B | €2 | €52 | +€50 | +2927.5% |
| Recurring financial income | 75 | €2 | €52 | +€50 | +2927.5% |
| Financial charges | 65/66B | €3,707 | €3,151 | -€556 | -15.0% |
| Recurring financial charges | 65 | €3,707 | €3,151 | -€556 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €67,638 | €99,937 | +€32,299 | +47.8% |
| Income taxes | 67/77 | €18,555 | €32,140 | +€13,585 | +73.2% |
| Profit (loss) for the period | 9904 | €49,083 | €67,796 | +€18,714 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,083 | €67,796 | +€18,714 | +38.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.