CM: 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.
CM
Largest movements
- Cash +€1,486
up €1,486 (+1,899%), from €78 to €1,565
mainly Net result for the year (+€2,815)
- Receivables within one year +€139
new in 2025: €139
- Profit (loss) carried forward +€2,815
up €2,815 (+7.1%), from -€39,848 to -€37,032
- Other debts -€1,000
down €1,000 (-4.1%), from €24,424 to €23,424
- Trade debts -€190
no longer reported in 2025 (was €190)
- Gross operating margin +€5,096
up €5,096, from -€2,162 to €2,934
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 | €3,366 | €4,991 | +€1,626 | +48.3% |
| Fixed assets | 21/28 | €3,288 | €3,288 | = | 0.0% |
| Financial fixed assets | 28 | €3,288 | €3,288 | = | 0.0% |
| Current assets | 29/58 | €78 | €1,704 | +€1,626 | +2,077% |
| Amounts receivable within one year | 40/41 | - | €139 | +€139 | |
| Trade receivables | 40 | - | €139 | +€139 | |
| Cash at bank and in hand | 54/58 | €78 | €1,565 | +€1,486 | +1,899% |
| Total equity and liabilities | 10/49 | €3,366 | €4,991 | +€1,626 | +48.3% |
| Equity | 10/15 | -€21,248 | -€18,432 | +€2,815 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,848 | -€37,032 | +€2,815 | +7.1% |
| Amounts payable | 17/49 | €24,613 | €23,424 | -€1,190 | -4.8% |
| Amounts payable within one year | 42/48 | €24,613 | €23,424 | -€1,190 | -4.8% |
| Trade debts | 44 | €190 | - | -€190 | |
| Suppliers | 440/4 | €190 | - | -€190 | |
| Other amounts payable | 47/48 | €24,424 | €23,424 | -€1,000 | -4.1% |
| Gross operating margin | 9900 | -€2,162 | €2,934 | +€5,096 | |
| Operating profit (loss) | 9901 | -€2,162 | €2,934 | +€5,096 | |
| Financial charges | 65/66B | €119 | €119 | = | 0.0% |
| Recurring financial charges | 65 | €119 | €119 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,281 | €2,815 | +€5,096 | |
| Profit (loss) for the period | 9904 | -€2,281 | €2,815 | +€5,096 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,281 | €2,815 | +€5,096 |
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 14 October 2026 via checked.be.