CM Realty: 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.
CM Realty
Largest movements
- Receivables within one year +€45,506
up €45,506 (+1534.1%), from €2,966 to €48,472
of which Other amounts receivable: +€43,050
- Deferred charges and accrued income -€4,766
down €4,766 (-92.7%), from €5,144 to €378
- Tangible fixed assets -€1,899
down €1,899 (-29.0%), from €6,553 to €4,654
- Cash +€1,470
up €1,470 (+236.7%), from €621 to €2,090
mainly Other debts (+€50,361) and Net result for the year (+€27,406)
- Other debts +€50,361
up €50,361 (+1158.0%), from €4,349 to €54,710
- Debts after one year -€11,500
no longer reported in 2025 (was €11,500)
- Trade debts -€10,356
down €10,356 (-68.7%), from €15,075 to €4,719
- Tax, wage and social debts +€7,805
up €7,805 (+56.1%), from €13,922 to €21,727
- Reserves +€5,500
up €5,500 (+10.4%), from €52,739 to €58,239
- Gross operating margin +€13,793
up €13,793 (+47.5%), from €29,021 to €42,814
- Taxes +€7,669
up €7,669 (+96.9%), from €7,913 to €15,582
- Financial income +€1,134
up €1,134 (+59.9%), from €1,892 to €3,026
- Depreciation -€919
down €919 (-32.6%), from €2,818 to €1,899
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 | €105,284 | €145,594 | +€40,310 | +38.3% |
| Fixed assets | 21/28 | €6,553 | €4,654 | -€1,899 | -29.0% |
| Tangible fixed assets | 22/27 | €6,553 | €4,654 | -€1,899 | -29.0% |
| Plant, machinery and equipment | 23 | €542 | - | -€542 | |
| Furniture and vehicles | 24 | €838 | €370 | -€468 | -55.9% |
| Other tangible fixed assets | 26 | €5,173 | €4,284 | -€889 | -17.2% |
| Current assets | 29/58 | €98,731 | €140,941 | +€42,209 | +42.8% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,966 | €48,472 | +€45,506 | +1534.1% |
| Trade receivables | 40 | €2,164 | €4,620 | +€2,456 | +113.5% |
| Other amounts receivable | 41 | €803 | €43,852 | +€43,050 | +5362.6% |
| Cash at bank and in hand | 54/58 | €621 | €2,090 | +€1,470 | +236.7% |
| Deferred charges and accrued income | 490/1 | €5,144 | €378 | -€4,766 | -92.7% |
| Total equity and liabilities | 10/49 | €105,284 | €145,594 | +€40,310 | +38.3% |
| Equity | 10/15 | €58,939 | €64,439 | +€5,500 | +9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €52,739 | €58,239 | +€5,500 | +10.4% |
| Distributable reserves | 133 | €52,739 | €58,239 | +€5,500 | +10.4% |
| Amounts payable | 17/49 | €46,346 | €81,156 | +€34,810 | +75.1% |
| Amounts payable after more than one year | 17 | €11,500 | - | -€11,500 | |
| Financial debts | 170/4 | €11,500 | - | -€11,500 | |
| Amounts payable within one year | 42/48 | €33,346 | €81,156 | +€47,810 | +143.4% |
| Trade debts | 44 | €15,075 | €4,719 | -€10,356 | -68.7% |
| Suppliers | 440/4 | €15,075 | €4,719 | -€10,356 | -68.7% |
| Taxes, remuneration and social security | 45 | €13,922 | €21,727 | +€7,805 | +56.1% |
| Taxes | 450/3 | €13,922 | €21,727 | +€7,805 | +56.1% |
| Other amounts payable | 47/48 | €4,349 | €54,710 | +€50,361 | +1158.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,818 | €1,899 | -€919 | -32.6% |
| Other operating charges | 640/8 | €713 | €555 | -€158 | -22.1% |
| Gross operating margin | 9900 | €29,021 | €42,814 | +€13,793 | +47.5% |
| Operating profit (loss) | 9901 | €25,490 | €40,360 | +€14,870 | +58.3% |
| Financial income | 75/76B | €1,892 | €3,026 | +€1,134 | +59.9% |
| Recurring financial income | 75 | €1,892 | €3,026 | +€1,134 | +59.9% |
| Financial charges | 65/66B | €363 | €397 | +€34 | +9.4% |
| Recurring financial charges | 65 | €363 | €397 | +€34 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €27,019 | €42,988 | +€15,969 | +59.1% |
| Income taxes | 67/77 | €7,913 | €15,582 | +€7,669 | +96.9% |
| Profit (loss) for the period | 9904 | €19,106 | €27,406 | +€8,300 | +43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,106 | €27,406 | +€8,300 | +43.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.