CM³ DEVELOPMENT: 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.
CM³ DEVELOPMENT
Largest movements
- Deferred charges and accrued income +€64,484
up €64,484 (+15.6%), from €413,595 to €478,079
- Profit (loss) carried forward +€47,567
up €47,567 (+6812.7%), from €698 to €48,265
- Financial income -€12,031
down €12,031 (-15.7%), from €76,516 to €64,485
- Other operating charges +€484
up €484 (+50.0%), from €968 to €1,451
- Gross operating margin -€422
down €422 (-8.5%), from -€4,941 to -€5,362
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 | €2,079,535 | €2,153,632 | +€74,097 | +3.6% |
| Fixed assets | 21/28 | €1,656,595 | €1,673,095 | +€16,500 | +1.0% |
| Financial fixed assets | 28 | €1,656,595 | €1,673,095 | +€16,500 | +1.0% |
| Current assets | 29/58 | €422,940 | €480,537 | +€57,597 | +13.6% |
| Cash at bank and in hand | 54/58 | €9,345 | €2,458 | -€6,887 | -73.7% |
| Deferred charges and accrued income | 490/1 | €413,595 | €478,079 | +€64,484 | +15.6% |
| Total equity and liabilities | 10/49 | €2,079,535 | €2,153,632 | +€74,097 | +3.6% |
| Equity | 10/15 | €100,735 | €158,265 | +€57,530 | +57.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €37 | €10,000 | +€9,963 | +27110.9% |
| Non-distributable reserves | 130/1 | €37 | €10,000 | +€9,963 | +27110.9% |
| Legal reserve | 130 | €37 | €10,000 | +€9,963 | +27110.9% |
| Profit (loss) carried forward | 14 | €698 | €48,265 | +€47,567 | +6812.7% |
| Amounts payable | 17/49 | €1,978,800 | €1,995,367 | +€16,567 | +0.8% |
| Amounts payable after more than one year | 17 | €1,700,195 | €1,716,195 | +€16,000 | +0.9% |
| Other amounts payable | 178/9 | €1,700,195 | €1,716,195 | +€16,000 | +0.9% |
| Amounts payable within one year | 42/48 | €31,503 | €32,070 | +€567 | +1.8% |
| Trade debts | 44 | €31,503 | €31,617 | +€114 | +0.4% |
| Suppliers | 440/4 | €31,503 | €31,617 | +€114 | +0.4% |
| Taxes, remuneration and social security | 45 | - | €453 | +€453 | |
| Taxes | 450/3 | - | €453 | +€453 | |
| Accrued charges and deferred income | 492/3 | €247,102 | €247,102 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €1,451 | +€484 | +50.0% |
| Non-recurring operating charges | 66A | €69,720 | - | -€69,720 | |
| Gross operating margin | 9900 | -€4,941 | -€5,362 | -€422 | -8.5% |
| Operating profit (loss) | 9901 | -€75,628 | -€6,814 | +€68,814 | +91.0% |
| Financial income | 75/76B | €76,516 | €64,485 | -€12,031 | -15.7% |
| Recurring financial income | 75 | €76,516 | €64,485 | -€12,031 | -15.7% |
| Financial charges | 65/66B | €153 | €141 | -€13 | -8.3% |
| Recurring financial charges | 65 | €153 | €141 | -€13 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €735 | €57,530 | +€56,795 | +7727.7% |
| Profit (loss) for the period | 9904 | €735 | €57,530 | +€56,795 | +7727.7% |
| Profit (loss) for the period to be appropriated | 9905 | €735 | €57,530 | +€56,795 | +7727.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.