CM SRL: 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 SRL
Largest movements
- Tangible fixed assets +€31,342
new in 2025: €31,342
- Receivables within one year +€20,527
up €20,527 (+389.1%), from €5,276 to €25,803
of which Trade receivables: +€15,122
- Cash -€8,124
down €8,124 (-32.2%), from €25,242 to €17,118
mainly Investment in fixed assets (net) (-€41,275) and Receivables within one year (-€20,527)
- Deferred charges and accrued income +€1,106
up €1,106 (+245.9%), from €450 to €1,556
- Profit (loss) carried forward +€24,845
up €24,845 (+113.9%), from €21,819 to €46,663
- Other debts +€24,372
up €24,372 (+667.8%), from €3,649 to €28,021
- Tax, wage and social debts -€5,725
no longer reported in 2025 (was €5,725)
- Contributions +€1,000
new in 2025: €1,000
- Gross operating margin +€13,225
up €13,225 (+44.4%), from €29,787 to €43,012
- Depreciation +€8,805
up €8,805 (+779.9%), from €1,129 to €9,933
- Taxes +€2,462
up €2,462 (+43.0%), from €5,725 to €8,187
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 | €31,193 | €76,044 | +€44,851 | +143.8% |
| Fixed assets | 21/28 | €225 | €31,567 | +€31,342 | +13929.8% |
| Tangible fixed assets | 22/27 | - | €31,342 | +€31,342 | |
| Furniture and vehicles | 24 | - | €31,342 | +€31,342 | |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €30,968 | €44,477 | +€13,509 | +43.6% |
| Amounts receivable within one year | 40/41 | €5,276 | €25,803 | +€20,527 | +389.1% |
| Trade receivables | 40 | €5,000 | €20,122 | +€15,122 | +302.4% |
| Other amounts receivable | 41 | €276 | €5,681 | +€5,405 | +1957.8% |
| Cash at bank and in hand | 54/58 | €25,242 | €17,118 | -€8,124 | -32.2% |
| Deferred charges and accrued income | 490/1 | €450 | €1,556 | +€1,106 | +245.9% |
| Total equity and liabilities | 10/49 | €31,193 | €76,044 | +€44,851 | +143.8% |
| Equity | 10/15 | €21,819 | €47,663 | +€25,845 | +118.5% |
| Contributions | 10/11 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €21,819 | €46,663 | +€24,845 | +113.9% |
| Amounts payable | 17/49 | €9,375 | €28,381 | +€19,007 | +202.7% |
| Amounts payable within one year | 42/48 | €9,375 | €28,381 | +€19,007 | +202.7% |
| Trade debts | 44 | - | €360 | +€360 | |
| Suppliers | 440/4 | - | €360 | +€360 | |
| Taxes, remuneration and social security | 45 | €5,725 | - | -€5,725 | |
| Taxes | 450/3 | €5,725 | - | -€5,725 | |
| Other amounts payable | 47/48 | €3,649 | €28,021 | +€24,372 | +667.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,129 | €9,933 | +€8,805 | +779.9% |
| Gross operating margin | 9900 | €29,787 | €43,012 | +€13,225 | +44.4% |
| Operating profit (loss) | 9901 | €28,658 | €33,079 | +€4,421 | +15.4% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €255 | €71 | -€184 | -72.0% |
| Recurring financial charges | 65 | €255 | €71 | -€184 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €28,403 | €33,032 | +€4,629 | +16.3% |
| Income taxes | 67/77 | €5,725 | €8,187 | +€2,462 | +43.0% |
| Profit (loss) for the period | 9904 | €22,678 | €24,845 | +€2,167 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,678 | €24,845 | +€2,167 | +9.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.