CM INVEST: 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 INVEST
Largest movements
- Cash -€65,277
down €65,277 (-96.7%), from €67,494 to €2,217
mainly Other debts (-€61,397) and Trade debts (-€11,375)
- Receivables within one year -€14,418
down €14,418 (-42.3%), from €34,056 to €19,638
of which Other amounts receivable: -€14,322
- Tangible fixed assets +€1,996
up €1,996 (+45.5%), from €4,389 to €6,385
- Other debts -€61,397
down €61,397 (-99.1%), from €61,963 to €567
- Trade debts -€11,375
down €11,375 (-48.1%), from €23,652 to €12,277
- Advances received -€8,603
no longer reported in 2025 (was €8,603)
- Profit (loss) carried forward +€1,587
up €1,587 (+5.9%), from -€26,719 to -€25,132
- Tax, wage and social debts +€1,402
up €1,402 (+7.9%), from €17,703 to €19,106
- Other operating charges +€13,558
up €13,558 (+469%), from €2,889 to €16,447
- Gross operating margin +€11,227
up €11,227 (+73.2%), from €15,338 to €26,565
- Financial charges +€4,033
up €4,033 (+285%), from €1,413 to €5,446
- Write-downs +€1,500
no longer reported in 2025 (was -€1,500)
- Taxes +€609
up €609 (+126%), from €483 to €1,092
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 | €107,034 | €28,648 | -€78,386 | -73.2% |
| Fixed assets | 21/28 | €4,797 | €6,793 | +€1,996 | +41.6% |
| Tangible fixed assets | 22/27 | €4,389 | €6,385 | +€1,996 | +45.5% |
| Furniture and vehicles | 24 | €4,389 | €6,385 | +€1,996 | +45.5% |
| Financial fixed assets | 28 | €408 | €408 | = | 0.0% |
| Current assets | 29/58 | €102,237 | €21,855 | -€80,382 | -78.6% |
| Amounts receivable within one year | 40/41 | €34,056 | €19,638 | -€14,418 | -42.3% |
| Trade receivables | 40 | €19,131 | €19,034 | -€96 | -0.5% |
| Other amounts receivable | 41 | €14,925 | €603 | -€14,322 | -96.0% |
| Cash at bank and in hand | 54/58 | €67,494 | €2,217 | -€65,277 | -96.7% |
| Deferred charges and accrued income | 490/1 | €687 | - | -€687 | |
| Total equity and liabilities | 10/49 | €107,034 | €28,648 | -€78,386 | -73.2% |
| Equity | 10/15 | -€6,259 | -€4,672 | +€1,587 | +25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,719 | -€25,132 | +€1,587 | +5.9% |
| Amounts payable | 17/49 | €113,293 | €33,320 | -€79,973 | -70.6% |
| Amounts payable within one year | 42/48 | €111,922 | €31,949 | -€79,973 | -71.5% |
| Trade debts | 44 | €23,652 | €12,277 | -€11,375 | -48.1% |
| Suppliers | 440/4 | €23,652 | €12,277 | -€11,375 | -48.1% |
| Advances received on contracts in progress | 46 | €8,603 | - | -€8,603 | |
| Taxes, remuneration and social security | 45 | €17,703 | €19,106 | +€1,402 | +7.9% |
| Taxes | 450/3 | €17,703 | €19,106 | +€1,402 | +7.9% |
| Other amounts payable | 47/48 | €61,963 | €567 | -€61,397 | -99.1% |
| Accrued charges and deferred income | 492/3 | €1,371 | €1,371 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,093 | €2,004 | -€90 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,500 | - | +€1,500 | |
| Other operating charges | 640/8 | €2,889 | €16,447 | +€13,558 | +469% |
| Gross operating margin | 9900 | €15,338 | €26,565 | +€11,227 | +73.2% |
| Operating profit (loss) | 9901 | €11,855 | €8,114 | -€3,741 | -31.6% |
| Financial income | 75/76B | €20 | €12 | -€9 | -42.9% |
| Recurring financial income | 75 | €20 | €12 | -€9 | -42.9% |
| Financial charges | 65/66B | €1,413 | €5,446 | +€4,033 | +285% |
| Recurring financial charges | 65 | €1,413 | €5,446 | +€4,033 | +285% |
| Profit (loss) for the period before taxes | 9903 | €10,462 | €2,679 | -€7,783 | -74.4% |
| Income taxes | 67/77 | €483 | €1,092 | +€609 | +126% |
| Profit (loss) for the period | 9904 | €9,979 | €1,587 | -€8,392 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,979 | €1,587 | -€8,392 | -84.1% |
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 31 October 2026 via checked.be.