CM Belgium: 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 Belgium
Largest movements
- Tangible fixed assets -€4,667
down €4,667 (-40.0%), from €11,667 to €7,000
- Deferred charges and accrued income -€2,596
no longer reported in 2025 (was €2,596)
- Receivables within one year -€2,241
down €2,241 (-29.9%), from €7,505 to €5,263
of which Trade receivables: -€1,647
- Cash -€320
down €320 (-6.0%), from €5,358 to €5,038
mainly Other debts (-€19,599)
- Other debts -€19,599
no longer reported in 2025 (was €19,599)
- Trade debts +€5,253
up €5,253 (+95.5%), from €5,499 to €10,752
- Profit (loss) carried forward +€4,499
up €4,499 (+16,497%), from €27 to €4,526
- Gross operating margin +€7,488
up €7,488 (+218%), from €3,432 to €10,920
- Depreciation +€2,333
up €2,333 (+100%), from €2,333 to €4,667
- Other operating charges +€715
up €715 (+72.9%), from €981 to €1,696
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 | €27,125 | €17,301 | -€9,824 | -36.2% |
| Fixed assets | 21/28 | €11,667 | €7,000 | -€4,667 | -40.0% |
| Tangible fixed assets | 22/27 | €11,667 | €7,000 | -€4,667 | -40.0% |
| Furniture and vehicles | 24 | €11,667 | €7,000 | -€4,667 | -40.0% |
| Current assets | 29/58 | €15,458 | €10,301 | -€5,157 | -33.4% |
| Amounts receivable within one year | 40/41 | €7,505 | €5,263 | -€2,241 | -29.9% |
| Trade receivables | 40 | €6,910 | €5,263 | -€1,647 | -23.8% |
| Other amounts receivable | 41 | €595 | - | -€595 | |
| Cash at bank and in hand | 54/58 | €5,358 | €5,038 | -€320 | -6.0% |
| Deferred charges and accrued income | 490/1 | €2,596 | - | -€2,596 | |
| Total equity and liabilities | 10/49 | €27,125 | €17,301 | -€9,824 | -36.2% |
| Equity | 10/15 | €2,027 | €6,526 | +€4,499 | +222% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27 | €4,526 | +€4,499 | +16,497% |
| Amounts payable | 17/49 | €25,097 | €10,775 | -€14,323 | -57.1% |
| Amounts payable within one year | 42/48 | €25,097 | €10,775 | -€14,323 | -57.1% |
| Trade debts | 44 | €5,499 | €10,752 | +€5,253 | +95.5% |
| Suppliers | 440/4 | €5,499 | €10,752 | +€5,253 | +95.5% |
| Taxes, remuneration and social security | 45 | - | €23 | +€23 | |
| Taxes | 450/3 | - | €23 | +€23 | |
| Other amounts payable | 47/48 | €19,599 | - | -€19,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,333 | €4,667 | +€2,333 | +100% |
| Other operating charges | 640/8 | €981 | €1,696 | +€715 | +72.9% |
| Gross operating margin | 9900 | €3,432 | €10,920 | +€7,488 | +218% |
| Operating profit (loss) | 9901 | €118 | €4,557 | +€4,439 | +3,775% |
| Financial charges | 65/66B | €90 | €23 | -€67 | -74.4% |
| Recurring financial charges | 65 | €90 | €23 | -€67 | -74.4% |
| Profit (loss) for the period before taxes | 9903 | €27 | €4,534 | +€4,507 | +16,526% |
| Income taxes | 67/77 | - | €35 | +€35 | |
| Profit (loss) for the period | 9904 | €27 | €4,499 | +€4,472 | +16,397% |
| Profit (loss) for the period to be appropriated | 9905 | €27 | €4,499 | +€4,472 | +16,397% |
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 30 October 2026 via checked.be.