CM Cottages: 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 Cottages
Largest movements
- Tangible fixed assets +€233,976
up €233,976 (+19.4%), from €1.2m to €1.4m
of which Assets under construction and advance payments: +€244,682
- Other debts +€450,000
up €450,000 (+79.5%), from €566,000 to €1.0m
- Debts after one year -€86,582
down €86,582 (-12.7%), from €679,088 to €592,506
- Trade debts -€72,601
down €72,601 (-79.8%), from €91,003 to €18,401
- Profit (loss) carried forward -€48,000
down €48,000 (-23.3%), from -€206,150 to -€254,150
- Depreciation +€10,912
up €10,912 (+14.0%), from €78,223 to €89,135
- Financial charges +€9,116
up €9,116 (+41.6%), from €21,896 to €31,012
- Gross operating margin +€6,673
up €6,673 (+9.8%), from €68,080 to €74,752
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 | €1,230,352 | €1,474,273 | +€243,921 | +19.8% |
| Fixed assets | 21/28 | €1,208,178 | €1,442,154 | +€233,976 | +19.4% |
| Tangible fixed assets | 22/27 | €1,208,178 | €1,442,154 | +€233,976 | +19.4% |
| Land and buildings | 22 | €1,145,325 | €1,145,053 | -€272 | 0.0% |
| Plant, machinery and equipment | 23 | €4,912 | €3,806 | -€1,106 | -22.5% |
| Furniture and vehicles | 24 | €57,941 | €48,613 | -€9,328 | -16.1% |
| Assets under construction and advance payments | 27 | - | €244,682 | +€244,682 | |
| Current assets | 29/58 | €22,174 | €32,119 | +€9,945 | +44.9% |
| Amounts receivable within one year | 40/41 | €340 | €3,083 | +€2,743 | +806.3% |
| Trade receivables | 40 | €340 | €625 | +€285 | +83.7% |
| Other amounts receivable | 41 | - | €2,458 | +€2,458 | |
| Cash at bank and in hand | 54/58 | €18,615 | €27,134 | +€8,519 | +45.8% |
| Deferred charges and accrued income | 490/1 | €3,219 | €1,902 | -€1,316 | -40.9% |
| Total equity and liabilities | 10/49 | €1,230,352 | €1,474,273 | +€243,921 | +19.8% |
| Equity | 10/15 | -€191,150 | -€239,150 | -€48,000 | -25.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€206,150 | -€254,150 | -€48,000 | -23.3% |
| Amounts payable | 17/49 | €1,421,502 | €1,713,423 | +€291,921 | +20.5% |
| Amounts payable after more than one year | 17 | €679,088 | €592,506 | -€86,582 | -12.7% |
| Financial debts | 170/4 | €679,088 | €592,506 | -€86,582 | -12.7% |
| Amounts payable within one year | 42/48 | €742,414 | €1,120,917 | +€378,503 | +51.0% |
| Current portion of amounts payable after more than one year | 42 | €84,452 | €86,515 | +€2,063 | +2.4% |
| Trade debts | 44 | €91,003 | €18,401 | -€72,601 | -79.8% |
| Suppliers | 440/4 | €91,003 | €18,401 | -€72,601 | -79.8% |
| Taxes, remuneration and social security | 45 | €960 | - | -€960 | |
| Taxes | 450/3 | €960 | - | -€960 | |
| Other amounts payable | 47/48 | €566,000 | €1,016,000 | +€450,000 | +79.5% |
| Non-recurring operating income | 76A | €698 | - | -€698 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,223 | €89,135 | +€10,912 | +14.0% |
| Other operating charges | 640/8 | €2,015 | €2,657 | +€642 | +31.9% |
| Gross operating margin | 9900 | €68,080 | €74,752 | +€6,673 | +9.8% |
| Operating profit (loss) | 9901 | -€12,158 | -€17,040 | -€4,882 | -40.2% |
| Financial income | 75/76B | €65 | €52 | -€13 | -20.1% |
| Recurring financial income | 75 | €65 | €52 | -€13 | -20.1% |
| Financial charges | 65/66B | €21,896 | €31,012 | +€9,116 | +41.6% |
| Recurring financial charges | 65 | €21,896 | €31,012 | +€9,116 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | -€33,989 | -€48,000 | -€14,011 | -41.2% |
| Profit (loss) for the period | 9904 | -€33,989 | -€48,000 | -€14,011 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,989 | -€48,000 | -€14,011 | -41.2% |
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 10 October 2026 via checked.be.