CERHUM: 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.
What changed
CERHUM
NACE 23.440, Manufacture of other non-metallic mineral products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.3m
2024 · -€740,151-€514,363
Equity
€1.3m
2024 · €2.2m-€890,044
Cash
€232,009
2024 · €808,522-€576,513
Balance sheet total
€6.3m
2024 · €6.4m-€84,877
Largest movements
Assets
- Cash -€576,513
down €576,513 (-71.3%), from €808,522 to €232,009
mainly Net result for the year (-€1.3m) and Investment in fixed assets (net) (-€1.0m)
- Intangible fixed assets +€438,674
up €438,674 (+8.4%), from €5.2m to €5.7m
Equity and liabilities
- Profit (loss) carried forward -€1.3m
down €1.3m (-81.7%), from -€1.5m to -€2.8m
- Short-term financial debts +€567,974
up €567,974, from €0 to €567,974
- Investment grants +€364,470
up €364,470 (+23.9%), from €1.5m to €1.9m
- Debts after one year +€215,008
up €215,008 (+5.9%), from €3.6m to €3.9m
- Accrued charges and deferred income -€184,862
down €184,862 (-100.0%), from €184,862 to €0
Income statement
- Gross operating margin -€371,516
down €371,516, from €197,194 to -€174,322
- Purchases and services +€270,859
up €270,859 (+23.6%), from €1.1m to €1.4m
- Turnover +€76,867
up €76,867 (+128.4%), from €59,853 to €136,720
- Financial charges +€71,056
up €71,056 (+40.1%), from €177,127 to €248,182
- Staff costs +€69,989
up €69,989 (+16.1%), from €433,942 to €503,931
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.
Result 2024
-€740,151
Gross operating margin
-€371,516
Staff costs
-€69,989
Depreciation
+€6,006
Other operating charges
-€421
Financial income
+€3,664
Financial charges
-€71,056
Taxes
-€11,052
Result 2025
-€1.3m
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.
From operations
-€712,958
Investment
-€1.0m
Financing
+€1.2m
Cash 2024
€808,522
From operations (derived)
-€712,958
Net result for the year
-€1.3m
Depreciation
+€588,265
Receivables after one year
-€11,354
Stocks and contracts
+€12,770
Receivables within one year
-€59,934
Trade debts
+€81,737
Tax, wage and social debts
+€108,980
Other debts
+€5,954
Accrued charges and deferred income
-€184,862
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.0m
Financing
+€1.2m
Debts after one year
+€215,008
Current portion of long-term debt
+€10,376
Short-term financial debts
+€567,974
Contributions, distributions and other
+€364,470
Cash 2025
€232,009
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,408,675 | €6,323,798 | -€84,877 | -1.3% |
| Formation expenses | 20 | €3,725 | €2,170 | -€1,555 | -41.7% |
| Fixed assets | 21/28 | €5,257,598 | €5,692,270 | +€434,673 | +8.3% |
| Intangible fixed assets | 21 | €5,236,753 | €5,675,427 | +€438,674 | +8.4% |
| Tangible fixed assets | 22/27 | €20,845 | €16,843 | -€4,002 | -19.2% |
| Plant, machinery and equipment | 23 | €235 | €28 | -€207 | -88.2% |
| Furniture and vehicles | 24 | €6,859 | €6,113 | -€747 | -10.9% |
| Other tangible fixed assets | 26 | €13,751 | €10,703 | -€3,048 | -22.2% |
| Current assets | 29/58 | €1,147,352 | €629,357 | -€517,995 | -45.1% |
| Amounts receivable after more than one year | 29 | €169,255 | €180,609 | +€11,354 | +6.7% |
| Other amounts receivable | 291 | €169,255 | €180,609 | +€11,354 | +6.7% |
| Stocks and contracts in progress | 3 | €42,307 | €29,537 | -€12,770 | -30.2% |
| Stocks | 30/36 | €42,307 | €29,537 | -€12,770 | -30.2% |
| Amounts receivable within one year | 40/41 | €127,269 | €187,202 | +€59,934 | +47.1% |
| Trade receivables | 40 | €18,340 | €62,355 | +€44,015 | +240.0% |
| Other amounts receivable | 41 | €108,929 | €124,847 | +€15,919 | +14.6% |
| Cash at bank and in hand | 54/58 | €808,522 | €232,009 | -€576,513 | -71.3% |
| Total equity and liabilities | 10/49 | €6,408,675 | €6,323,798 | -€84,877 | -1.3% |
| Equity | 10/15 | €2,236,450 | €1,346,406 | -€890,044 | -39.8% |
| Contributions | 10/11 | €2,249,915 | €2,249,915 | = | 0.0% |
| Capital | 10 | €2,249,915 | €2,249,915 | = | 0.0% |
| Issued capital | 100 | €2,249,915 | €2,249,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,536,066 | -€2,790,580 | -€1.3m | -81.7% |
| Investment grants | 15 | €1,522,601 | €1,887,071 | +€364,470 | +23.9% |
| Amounts payable | 17/49 | €4,172,225 | €4,977,392 | +€805,167 | +19.3% |
| Amounts payable after more than one year | 17 | €3,641,994 | €3,857,002 | +€215,008 | +5.9% |
| Financial debts | 170/4 | €3,641,994 | €3,857,002 | +€215,008 | +5.9% |
| Amounts payable within one year | 42/48 | €345,369 | €1,120,390 | +€775,020 | +224.4% |
| Current portion of amounts payable after more than one year | 42 | €41,707 | €52,083 | +€10,376 | +24.9% |
| Financial debts | 43 | €0 | €567,974 | +€567,974 | |
| Credit institutions | 430/8 | €0 | €567,974 | +€567,974 | |
| Trade debts | 44 | €222,618 | €304,354 | +€81,737 | +36.7% |
| Suppliers | 440/4 | €222,618 | €304,354 | +€81,737 | +36.7% |
| Advances received on contracts in progress | 46 | €2,050 | €2,050 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €63,084 | €172,064 | +€108,980 | +172.8% |
| Taxes | 450/3 | €0 | €102,476 | +€102,476 | |
| Remuneration and social security | 454/9 | €63,084 | €69,588 | +€6,504 | +10.3% |
| Other amounts payable | 47/48 | €15,911 | €21,865 | +€5,954 | +37.4% |
| Accrued charges and deferred income | 492/3 | €184,862 | €0 | -€184,862 | -100.0% |
| Turnover | 70 | €59,853 | €136,720 | +€76,867 | +128.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,147,988 | €1,418,847 | +€270,859 | +23.6% |
| Remuneration, social security and pensions | 62 | €433,942 | €503,931 | +€69,989 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €594,271 | €588,265 | -€6,006 | -1.0% |
| Other operating charges | 640/8 | €4,154 | €4,575 | +€421 | +10.1% |
| Gross operating margin | 9900 | €197,194 | -€174,322 | -€371,516 | |
| Operating profit (loss) | 9901 | -€835,173 | -€1,271,093 | -€435,920 | -52.2% |
| Financial income | 75/76B | €227,815 | €231,480 | +€3,664 | +1.6% |
| Recurring financial income | 75 | €227,815 | €231,480 | +€3,664 | +1.6% |
| Financial charges | 65/66B | €177,127 | €248,182 | +€71,056 | +40.1% |
| Recurring financial charges | 65 | €177,127 | €248,182 | +€71,056 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | -€784,484 | -€1,287,795 | -€503,311 | -64.2% |
| Income taxes | 67/77 | -€44,333 | -€33,281 | +€11,052 | +24.9% |
| Profit (loss) for the period | 9904 | -€740,151 | -€1,254,514 | -€514,363 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€740,151 | -€1,254,514 | -€514,363 | -69.5% |
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 3 October 2026 via checked.be.