CEMUNNOS: 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.
CEMUNNOS
Largest movements
- Tangible fixed assets -€74,955
down €74,955 (-3.1%), from €2.4m to €2.3m
- Cash -€41,909
down €41,909 (-2.7%), from €1.6m to €1.5m
mainly Other debts (-€184,272) and Deferred charges and accrued income (-€1,056)
- Other debts -€184,272
down €184,272 (-5.9%), from €3.1m to €2.9m
- Profit (loss) carried forward +€42,149
up €42,149 (+10.6%), from -€398,756 to -€356,607
- Financial charges -€82,571
down €82,571 (-81.2%), from €101,642 to €19,071
- Financial income +€79,629
up €79,629 (+260.2%), from €30,604 to €110,233
- Taxes -€16,132
down €16,132 (-100.0%), from €16,132 to €0
- Gross operating margin -€3,379
down €3,379 (-11.1%), from €30,319 to €26,940
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 | €4,002,564 | €3,886,686 | -€115,878 | -2.9% |
| Fixed assets | 21/28 | €2,413,934 | €2,338,979 | -€74,955 | -3.1% |
| Tangible fixed assets | 22/27 | €2,413,934 | €2,338,979 | -€74,955 | -3.1% |
| Land and buildings | 22 | €2,413,934 | €2,338,979 | -€74,955 | -3.1% |
| Current assets | 29/58 | €1,588,630 | €1,547,707 | -€40,923 | -2.6% |
| Amounts receivable within one year | 40/41 | €8,678 | €8,607 | -€71 | -0.8% |
| Trade receivables | 40 | €1,747 | €1,747 | = | 0.0% |
| Other amounts receivable | 41 | €6,931 | €6,860 | -€71 | -1.0% |
| Cash at bank and in hand | 54/58 | €1,571,070 | €1,529,161 | -€41,909 | -2.7% |
| Deferred charges and accrued income | 490/1 | €8,882 | €9,939 | +€1,056 | +11.9% |
| Total equity and liabilities | 10/49 | €4,002,564 | €3,886,686 | -€115,878 | -2.9% |
| Equity | 10/15 | €851,244 | €893,393 | +€42,149 | +5.0% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €5,000,000 | €5,000,000 | = | 0.0% |
| Uncalled capital | 101 | €3,750,000 | €3,750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€398,756 | -€356,607 | +€42,149 | +10.6% |
| Amounts payable | 17/49 | €3,151,320 | €2,993,293 | -€158,027 | -5.0% |
| Amounts payable within one year | 42/48 | €3,122,643 | €2,939,857 | -€182,786 | -5.9% |
| Trade debts | 44 | €2,061 | €3,547 | +€1,486 | +72.1% |
| Suppliers | 440/4 | €2,061 | €3,547 | +€1,486 | +72.1% |
| Other amounts payable | 47/48 | €3,120,582 | €2,936,310 | -€184,272 | -5.9% |
| Accrued charges and deferred income | 492/3 | €28,677 | €53,435 | +€24,758 | +86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,955 | €74,955 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €30,319 | €26,940 | -€3,379 | -11.1% |
| Operating profit (loss) | 9901 | -€45,603 | -€49,013 | -€3,410 | -7.5% |
| Financial income | 75/76B | €30,604 | €110,233 | +€79,629 | +260.2% |
| Recurring financial income | 75 | €30,604 | €110,233 | +€79,629 | +260.2% |
| Financial charges | 65/66B | €101,642 | €19,071 | -€82,571 | -81.2% |
| Recurring financial charges | 65 | €101,642 | €19,071 | -€82,571 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | -€116,641 | €42,149 | +€158,790 | |
| Income taxes | 67/77 | €16,132 | €0 | -€16,132 | -100.0% |
| Profit (loss) for the period | 9904 | -€132,773 | €42,149 | +€174,922 | |
| Profit (loss) for the period to be appropriated | 9905 | -€132,773 | €42,149 | +€174,922 |
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 1 October 2026 via checked.be.