CM ORTHOPAEDIC: 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 ORTHOPAEDIC
Largest movements
- Receivables within one year -€10,361
down €10,361 (-3.0%), from €343,285 to €332,924
of which Other amounts receivable: -€93,078
- Stocks and contracts -€7,869
down €7,869 (-21.9%), from €35,972 to €28,104
- Cash +€5,055
up €5,055 (+323%), from €1,565 to €6,620
mainly Trade debts (+€29,418) and Receivables within one year (+€10,361)
- Profit (loss) carried forward -€42,088
down €42,088, from €7,061 to -€35,027
- Trade debts +€29,418
up €29,418 (+20.1%), from €146,213 to €175,631
- Gross operating margin -€115,843
down €115,843, from €115,144 to -€699
- Taxes -€28,644
down €28,644 (-98.5%), from €29,080 to €436
- Financial income +€11,362
up €11,362 (+56,810,300%), from €0 to €11,362
- Staff costs +€8,751
up €8,751 (+23.6%), from €37,062 to €45,813
- Depreciation -€3,518
down €3,518 (-88.6%), from €3,971 to €453
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 | €385,066 | €371,439 | -€13,627 | -3.5% |
| Fixed assets | 21/28 | €4,245 | €3,792 | -€453 | -10.7% |
| Tangible fixed assets | 22/27 | €1,848 | €1,395 | -€453 | -24.5% |
| Furniture and vehicles | 24 | €1,848 | €1,395 | -€453 | -24.5% |
| Financial fixed assets | 28 | €2,396 | €2,396 | = | 0.0% |
| Current assets | 29/58 | €380,822 | €367,647 | -€13,175 | -3.5% |
| Stocks and contracts in progress | 3 | €35,972 | €28,104 | -€7,869 | -21.9% |
| Stocks | 30/36 | €35,972 | €28,104 | -€7,869 | -21.9% |
| Amounts receivable within one year | 40/41 | €343,285 | €332,924 | -€10,361 | -3.0% |
| Trade receivables | 40 | €84,038 | €166,755 | +€82,717 | +98.4% |
| Other amounts receivable | 41 | €259,247 | €166,169 | -€93,078 | -35.9% |
| Cash at bank and in hand | 54/58 | €1,565 | €6,620 | +€5,055 | +323% |
| Total equity and liabilities | 10/49 | €385,066 | €371,439 | -€13,627 | -3.5% |
| Equity | 10/15 | €70,023 | €27,935 | -€42,088 | -60.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €56,765 | €56,765 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,870 | €9,870 | = | 0.0% |
| Distributable reserves | 133 | €46,895 | €46,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,061 | -€35,027 | -€42,088 | |
| Amounts payable | 17/49 | €315,043 | €343,504 | +€28,461 | +9.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €308,957 | €337,417 | +€28,461 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €25,888 | €25,888 | = | 0.0% |
| Credit institutions | 430/8 | €25,888 | €25,888 | = | 0.0% |
| Trade debts | 44 | €146,213 | €175,631 | +€29,418 | +20.1% |
| Suppliers | 440/4 | €146,213 | €175,631 | +€29,418 | +20.1% |
| Taxes, remuneration and social security | 45 | €124,536 | €123,578 | -€957 | -0.8% |
| Taxes | 450/3 | €88,552 | €102,903 | +€14,351 | +16.2% |
| Remuneration and social security | 454/9 | €35,984 | €20,675 | -€15,309 | -42.5% |
| Other amounts payable | 47/48 | €12,319 | €12,319 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,086 | €6,086 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €37,062 | €45,813 | +€8,751 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,971 | €453 | -€3,518 | -88.6% |
| Other operating charges | 640/8 | €3,404 | €6,274 | +€2,870 | +84.3% |
| Gross operating margin | 9900 | €115,144 | -€699 | -€115,843 | |
| Operating profit (loss) | 9901 | €70,708 | -€53,238 | -€123,946 | |
| Financial income | 75/76B | €0 | €11,362 | +€11,362 | +56,810,300% |
| Recurring financial income | 75 | €0 | €11,362 | +€11,362 | +56,810,300% |
| Financial charges | 65/66B | €1,609 | -€224 | -€1,833 | |
| Recurring financial charges | 65 | €1,609 | -€224 | -€1,833 | |
| Profit (loss) for the period before taxes | 9903 | €69,099 | -€41,652 | -€110,751 | |
| Income taxes | 67/77 | €29,080 | €436 | -€28,644 | -98.5% |
| Profit (loss) for the period | 9904 | €40,019 | -€42,088 | -€82,107 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,019 | -€42,088 | -€82,107 |
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 23 October 2026 via checked.be.