CM&S: 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&S
Largest movements
- Receivables within one year +€99,066
up €99,066 (+182.5%), from €54,271 to €153,337
of which Other amounts receivable: +€115,335
- Cash -€3,691
down €3,691 (-78.1%), from €4,726 to €1,035
mainly Receivables within one year (-€99,066) and Accrued charges and deferred income (-€14,033)
- Other debts +€114,630
up €114,630 (+327.0%), from €35,059 to €149,689
- Accrued charges and deferred income -€14,033
down €14,033 (-88.0%), from €15,943 to €1,909
- Profit (loss) carried forward -€4,673
down €4,673 (-5.9%), from -€79,191 to -€83,863
- Tax, wage and social debts -€3,191
down €3,191 (-50.9%), from €6,272 to €3,082
- Financial charges -€11,249
down €11,249 (-99.2%), from €11,344 to €95
- Gross operating margin +€6,233
up €6,233, from -€4,210 to €2,024
- Depreciation +€2,577
up €2,577 (+92.1%), from €2,798 to €5,375
- Financial income -€2,570
down €2,570 (-100.0%), from €2,570 to €0
- Other operating charges -€491
down €491 (-35.2%), from €1,393 to €902
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 | €219,081 | €312,684 | +€93,603 | +42.7% |
| Fixed assets | 21/28 | €158,880 | €157,154 | -€1,727 | -1.1% |
| Tangible fixed assets | 22/27 | €8,880 | €7,154 | -€1,727 | -19.4% |
| Plant, machinery and equipment | 23 | €2,041 | €1,135 | -€906 | -44.4% |
| Furniture and vehicles | 24 | €6,839 | €6,018 | -€821 | -12.0% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €60,201 | €155,531 | +€95,330 | +158.4% |
| Amounts receivable within one year | 40/41 | €54,271 | €153,337 | +€99,066 | +182.5% |
| Trade receivables | 40 | €35,270 | €19,000 | -€16,270 | -46.1% |
| Other amounts receivable | 41 | €19,002 | €134,337 | +€115,335 | +607.0% |
| Cash at bank and in hand | 54/58 | €4,726 | €1,035 | -€3,691 | -78.1% |
| Deferred charges and accrued income | 490/1 | €1,204 | €1,159 | -€45 | -3.7% |
| Total equity and liabilities | 10/49 | €219,081 | €312,684 | +€93,603 | +42.7% |
| Equity | 10/15 | €8,571 | €3,898 | -€4,673 | -54.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €69,211 | €69,211 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €67,356 | €67,356 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,191 | -€83,863 | -€4,673 | -5.9% |
| Amounts payable | 17/49 | €210,511 | €308,786 | +€98,275 | +46.7% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,568 | €156,877 | +€112,309 | +252.0% |
| Trade debts | 44 | €3,237 | €4,107 | +€870 | +26.9% |
| Suppliers | 440/4 | €3,237 | €4,107 | +€870 | +26.9% |
| Taxes, remuneration and social security | 45 | €6,272 | €3,082 | -€3,191 | -50.9% |
| Taxes | 450/3 | €6,272 | €3,082 | -€3,191 | -50.9% |
| Other amounts payable | 47/48 | €35,059 | €149,689 | +€114,630 | +327.0% |
| Accrued charges and deferred income | 492/3 | €15,943 | €1,909 | -€14,033 | -88.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,798 | €5,375 | +€2,577 | +92.1% |
| Other operating charges | 640/8 | €1,393 | €902 | -€491 | -35.2% |
| Gross operating margin | 9900 | -€4,210 | €2,024 | +€6,233 | |
| Operating profit (loss) | 9901 | -€8,401 | -€4,253 | +€4,148 | +49.4% |
| Financial income | 75/76B | €2,570 | €0 | -€2,570 | -100.0% |
| Recurring financial income | 75 | €2,570 | €0 | -€2,570 | -100.0% |
| Financial charges | 65/66B | €11,344 | €95 | -€11,249 | -99.2% |
| Recurring financial charges | 65 | €11,344 | €95 | -€11,249 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,175 | -€4,348 | +€12,826 | +74.7% |
| Income taxes | 67/77 | €472 | €324 | -€148 | -31.3% |
| Profit (loss) for the period | 9904 | -€17,646 | -€4,673 | +€12,974 | +73.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,646 | -€4,673 | +€12,974 | +73.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.