CM FiRe: 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 FiRe
Largest movements
- Cash +€171,131
up €171,131 (+40.5%), from €422,349 to €593,480
mainly Tax, wage and social debts (+€246,691) and Net result for the year (+€148,088)
- Receivables within one year -€18,214
down €18,214 (-73.0%), from €24,939 to €6,725
- Tangible fixed assets -€16,671
down €16,671 (-12.6%), from €131,953 to €115,282
of which Furniture and vehicles: -€13,779
- Tax, wage and social debts +€246,691
up €246,691 (+368%), from €67,117 to €313,808
of which Remuneration and social security: +€237,000
- Reserves -€88,912
down €88,912 (-27.8%), from €320,345 to €231,433
- Trade debts -€20,033
down €20,033 (-86.5%), from €23,150 to €3,117
- Gross operating margin +€15,093
up €15,093 (+7.5%), from €202,146 to €217,239
- Taxes -€7,750
down €7,750 (-15.2%), from €51,092 to €43,342
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 | €579,241 | €715,487 | +€136,246 | +23.5% |
| Fixed assets | 21/28 | €131,953 | €115,282 | -€16,671 | -12.6% |
| Tangible fixed assets | 22/27 | €131,953 | €115,282 | -€16,671 | -12.6% |
| Land and buildings | 22 | €97,819 | €94,927 | -€2,892 | -3.0% |
| Furniture and vehicles | 24 | €34,134 | €20,355 | -€13,779 | -40.4% |
| Current assets | 29/58 | €447,288 | €600,205 | +€152,917 | +34.2% |
| Amounts receivable within one year | 40/41 | €24,939 | €6,725 | -€18,214 | -73.0% |
| Trade receivables | 40 | €24,939 | €6,725 | -€18,214 | -73.0% |
| Cash at bank and in hand | 54/58 | €422,349 | €593,480 | +€171,131 | +40.5% |
| Total equity and liabilities | 10/49 | €579,241 | €715,487 | +€136,246 | +23.5% |
| Equity | 10/15 | €322,345 | €233,433 | -€88,912 | -27.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €320,345 | €231,433 | -€88,912 | -27.8% |
| Distributable reserves | 133 | €320,345 | €231,433 | -€88,912 | -27.8% |
| Amounts payable | 17/49 | €256,896 | €482,054 | +€225,158 | +87.6% |
| Amounts payable after more than one year | 17 | €65,630 | €59,053 | -€6,577 | -10.0% |
| Financial debts | 170/4 | €65,630 | €59,053 | -€6,577 | -10.0% |
| Amounts payable within one year | 42/48 | €188,583 | €420,116 | +€231,533 | +123% |
| Current portion of amounts payable after more than one year | 42 | €6,311 | €6,578 | +€267 | +4.2% |
| Trade debts | 44 | €23,150 | €3,117 | -€20,033 | -86.5% |
| Suppliers | 440/4 | €23,150 | €3,117 | -€20,033 | -86.5% |
| Taxes, remuneration and social security | 45 | €67,117 | €313,808 | +€246,691 | +368% |
| Taxes | 450/3 | €67,117 | €76,808 | +€9,691 | +14.4% |
| Remuneration and social security | 454/9 | - | €237,000 | +€237,000 | |
| Other amounts payable | 47/48 | €92,005 | €96,613 | +€4,608 | +5.0% |
| Accrued charges and deferred income | 492/3 | €2,683 | €2,885 | +€202 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,524 | €17,373 | +€849 | +5.1% |
| Other operating charges | 640/8 | €644 | €1,654 | +€1,010 | +157% |
| Gross operating margin | 9900 | €202,146 | €217,239 | +€15,093 | +7.5% |
| Operating profit (loss) | 9901 | €184,978 | €198,212 | +€13,234 | +7.2% |
| Financial income | 75/76B | €874 | €2,696 | +€1,822 | +208% |
| Recurring financial income | 75 | €874 | €2,696 | +€1,822 | +208% |
| Financial charges | 65/66B | €8,753 | €9,478 | +€725 | +8.3% |
| Recurring financial charges | 65 | €8,753 | €9,478 | +€725 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €177,099 | €191,430 | +€14,331 | +8.1% |
| Income taxes | 67/77 | €51,092 | €43,342 | -€7,750 | -15.2% |
| Profit (loss) for the period | 9904 | €126,007 | €148,088 | +€22,081 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €126,007 | €148,088 | +€22,081 | +17.5% |
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.