Cermo Curves: 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.
Cermo Curves
Largest movements
- Stocks and contracts +€55,000
up €55,000 (+124%), from €44,248 to €99,248
- Tangible fixed assets -€3,953
down €3,953 (-16.3%), from €24,305 to €20,352
of which Other tangible fixed assets: -€2,534
- Receivables within one year -€3,896
down €3,896 (-100%), from €3,896 to €0
- Cash +€2,313
up €2,313 (+38.8%), from €5,959 to €8,272
mainly Net result for the year (+€24,735) and Trade debts (+€16,962)
- Profit (loss) carried forward +€24,735
up €24,735 (+77.6%), from €31,876 to €56,611
- Trade debts +€16,962
up €16,962 (+201%), from €8,450 to €25,412
- Tax, wage and social debts +€7,141
up €7,141 (+51.7%), from €13,817 to €20,958
- Advances received +€6,967
up €6,967 (+317%), from €2,200 to €9,167
- Other debts -€6,257
down €6,257 (-34.5%), from €18,135 to €11,879
- Gross operating margin -€4,946
down €4,946 (-11.1%), from €44,607 to €39,661
- Taxes +€2,427
up €2,427 (+28.6%), from €8,498 to €10,925
- Financial income +€1,330
up €1,330 (+1,072%), from €124 to €1,454
- Depreciation +€1,005
up €1,005 (+34.1%), from €2,949 to €3,953
- Financial charges -€830
down €830 (-69.5%), from €1,194 to €364
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 | €79,477 | €129,026 | +€49,549 | +62.3% |
| Fixed assets | 21/28 | €25,374 | €21,421 | -€3,953 | -15.6% |
| Tangible fixed assets | 22/27 | €24,305 | €20,352 | -€3,953 | -16.3% |
| Plant, machinery and equipment | 23 | €447 | €215 | -€231 | -51.8% |
| Furniture and vehicles | 24 | €1,805 | €617 | -€1,188 | -65.8% |
| Other tangible fixed assets | 26 | €22,053 | €19,520 | -€2,534 | -11.5% |
| Financial fixed assets | 28 | €1,069 | €1,069 | = | 0.0% |
| Current assets | 29/58 | €54,103 | €107,605 | +€53,502 | +98.9% |
| Stocks and contracts in progress | 3 | €44,248 | €99,248 | +€55,000 | +124% |
| Stocks | 30/36 | €44,248 | €99,248 | +€55,000 | +124% |
| Amounts receivable within one year | 40/41 | €3,896 | €0 | -€3,896 | -100% |
| Other amounts receivable | 41 | €3,896 | €0 | -€3,896 | -100% |
| Cash at bank and in hand | 54/58 | €5,959 | €8,272 | +€2,313 | +38.8% |
| Deferred charges and accrued income | 490/1 | €0 | €85 | +€85 | |
| Total equity and liabilities | 10/49 | €79,477 | €129,026 | +€49,549 | +62.3% |
| Equity | 10/15 | €36,876 | €61,611 | +€24,735 | +67.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,876 | €56,611 | +€24,735 | +77.6% |
| Amounts payable | 17/49 | €42,602 | €67,415 | +€24,814 | +58.2% |
| Amounts payable within one year | 42/48 | €42,602 | €67,415 | +€24,814 | +58.2% |
| Trade debts | 44 | €8,450 | €25,412 | +€16,962 | +201% |
| Suppliers | 440/4 | €8,450 | €25,412 | +€16,962 | +201% |
| Advances received on contracts in progress | 46 | €2,200 | €9,167 | +€6,967 | +317% |
| Taxes, remuneration and social security | 45 | €13,817 | €20,958 | +€7,141 | +51.7% |
| Taxes | 450/3 | €13,817 | €20,958 | +€7,141 | +51.7% |
| Other amounts payable | 47/48 | €18,135 | €11,879 | -€6,257 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,949 | €3,953 | +€1,005 | +34.1% |
| Other operating charges | 640/8 | €816 | €1,138 | +€322 | +39.4% |
| Gross operating margin | 9900 | €44,607 | €39,661 | -€4,946 | -11.1% |
| Operating profit (loss) | 9901 | €40,842 | €34,570 | -€6,273 | -15.4% |
| Financial income | 75/76B | €124 | €1,454 | +€1,330 | +1,072% |
| Recurring financial income | 75 | €124 | €1,454 | +€1,330 | +1,072% |
| Financial charges | 65/66B | €1,194 | €364 | -€830 | -69.5% |
| Recurring financial charges | 65 | €1,194 | €364 | -€830 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | €39,772 | €35,660 | -€4,112 | -10.3% |
| Income taxes | 67/77 | €8,498 | €10,925 | +€2,427 | +28.6% |
| Profit (loss) for the period | 9904 | €31,274 | €24,735 | -€6,540 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,274 | €24,735 | -€6,540 | -20.9% |
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 18 October 2026 via checked.be.