CM&C: 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.
CM&C
Largest movements
- Receivables within one year +€96,283
up €96,283 (+20.9%), from €461,572 to €557,855
- Cash -€29,415
down €29,415 (-26.5%), from €111,110 to €81,695
mainly Receivables within one year (-€96,283) and Trade debts (-€33)
- Other debts +€50,159
up €50,159 (+185.9%), from €26,983 to €77,141
- Depreciation -€3,950
no longer reported in 2025 (was €3,950)
- Taxes -€1,780
down €1,780 (-88.0%), from €2,023 to €243
- Financial income +€504
new in 2025: €504
- Gross operating margin +€344
up €344 (+2.6%), from €13,412 to €13,756
- Other operating charges +€305
up €305 (+31.7%), from €960 to €1,265
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 | €1,325,466 | €1,392,334 | +€66,868 | +5.0% |
| Fixed assets | 21/28 | €752,784 | €752,784 | = | 0.0% |
| Financial fixed assets | 28 | €752,784 | €752,784 | = | 0.0% |
| Current assets | 29/58 | €572,682 | €639,550 | +€66,868 | +11.7% |
| Amounts receivable within one year | 40/41 | €461,572 | €557,855 | +€96,283 | +20.9% |
| Other amounts receivable | 41 | €461,572 | €557,855 | +€96,283 | +20.9% |
| Cash at bank and in hand | 54/58 | €111,110 | €81,695 | -€29,415 | -26.5% |
| Total equity and liabilities | 10/49 | €1,325,466 | €1,392,334 | +€66,868 | +5.0% |
| Equity | 10/15 | €1,288,947 | €1,301,512 | +€12,565 | +1.0% |
| Contributions | 10/11 | €343,400 | €343,400 | = | 0.0% |
| Reserves | 13 | €550,740 | €550,740 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,340 | €34,340 | = | 0.0% |
| Reserves not available under the articles | 1311 | €34,340 | €34,340 | = | 0.0% |
| Distributable reserves | 133 | €516,400 | €516,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €394,807 | €407,372 | +€12,565 | +3.2% |
| Amounts payable | 17/49 | €36,519 | €90,822 | +€54,303 | +148.7% |
| Amounts payable within one year | 42/48 | €36,519 | €90,822 | +€54,303 | +148.7% |
| Trade debts | 44 | €33 | - | -€33 | |
| Suppliers | 440/4 | €33 | - | -€33 | |
| Taxes, remuneration and social security | 45 | €9,504 | €13,681 | +€4,177 | +44.0% |
| Taxes | 450/3 | €1,302 | €1,313 | +€11 | +0.8% |
| Remuneration and social security | 454/9 | €8,202 | €12,368 | +€4,166 | +50.8% |
| Other amounts payable | 47/48 | €26,983 | €77,141 | +€50,159 | +185.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,950 | - | -€3,950 | |
| Other operating charges | 640/8 | €960 | €1,265 | +€305 | +31.7% |
| Gross operating margin | 9900 | €13,412 | €13,756 | +€344 | +2.6% |
| Operating profit (loss) | 9901 | €8,502 | €12,492 | +€3,989 | +46.9% |
| Financial income | 75/76B | - | €504 | +€504 | |
| Recurring financial income | 75 | - | €504 | +€504 | |
| Financial charges | 65/66B | €182 | €188 | +€6 | +3.2% |
| Recurring financial charges | 65 | €182 | €188 | +€6 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €8,320 | €12,807 | +€4,487 | +53.9% |
| Income taxes | 67/77 | €2,023 | €243 | -€1,780 | -88.0% |
| Profit (loss) for the period | 9904 | €6,298 | €12,565 | +€6,267 | +99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,298 | €12,565 | +€6,267 | +99.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.