CM4U: 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.
CM4U
Largest movements
- Receivables within one year +€15,685
up €15,685 (+563.6%), from €2,783 to €18,468
- Cash +€11,256
up €11,256 (+38.8%), from €29,034 to €40,290
mainly Other debts (+€35,000) and Net result for the year (+€17,452)
- Tangible fixed assets -€6,490
down €6,490 (-48.4%), from €13,414 to €6,924
- Other debts +€35,000
up €35,000 (+23383.2%), from €150 to €35,150
- Profit (loss) carried forward -€17,548
down €17,548 (-81.5%), from €21,538 to €3,990
- Tax, wage and social debts +€3,046
up €3,046 (+14.8%), from €20,553 to €23,598
of which Taxes: +€3,046
- Purchases and services +€33,618
new in 2025: €33,618
- Gross operating margin +€5,314
up €5,314 (+21.9%), from €24,279 to €29,593
- Depreciation +€1,060
up €1,060 (+19.5%), from €5,430 to €6,490
- Taxes +€720
up €720 (+16.1%), from €4,466 to €5,186
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 | €45,765 | €66,321 | +€20,556 | +44.9% |
| Fixed assets | 21/28 | €13,414 | €6,924 | -€6,490 | -48.4% |
| Tangible fixed assets | 22/27 | €13,414 | €6,924 | -€6,490 | -48.4% |
| Furniture and vehicles | 24 | €13,414 | €6,924 | -€6,490 | -48.4% |
| Current assets | 29/58 | €32,351 | €59,397 | +€27,046 | +83.6% |
| Amounts receivable within one year | 40/41 | €2,783 | €18,468 | +€15,685 | +563.6% |
| Trade receivables | 40 | €2,783 | €18,468 | +€15,685 | +563.6% |
| Cash at bank and in hand | 54/58 | €29,034 | €40,290 | +€11,256 | +38.8% |
| Deferred charges and accrued income | 490/1 | €534 | €639 | +€105 | +19.7% |
| Total equity and liabilities | 10/49 | €45,765 | €66,321 | +€20,556 | +44.9% |
| Equity | 10/15 | €24,038 | €6,490 | -€17,548 | -73.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,538 | €3,990 | -€17,548 | -81.5% |
| Amounts payable | 17/49 | €21,727 | €59,831 | +€38,104 | +175.4% |
| Amounts payable within one year | 42/48 | €21,727 | €59,831 | +€38,104 | +175.4% |
| Trade debts | 44 | €1,025 | €1,083 | +€58 | +5.7% |
| Suppliers | 440/4 | €1,025 | €1,083 | +€58 | +5.7% |
| Taxes, remuneration and social security | 45 | €20,553 | €23,598 | +€3,046 | +14.8% |
| Taxes | 450/3 | €8,553 | €11,598 | +€3,046 | +35.6% |
| Remuneration and social security | 454/9 | €12,000 | €12,000 | = | 0.0% |
| Other amounts payable | 47/48 | €150 | €35,150 | +€35,000 | +23383.2% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €33,618 | +€33,618 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,430 | €6,490 | +€1,060 | +19.5% |
| Other operating charges | 640/8 | €357 | €582 | +€225 | +63.2% |
| Gross operating margin | 9900 | €24,279 | €29,593 | +€5,314 | +21.9% |
| Operating profit (loss) | 9901 | €18,492 | €22,521 | +€4,029 | +21.8% |
| Financial income | 75/76B | €104 | €207 | +€103 | +99.6% |
| Recurring financial income | 75 | €104 | €207 | +€103 | +99.6% |
| Financial charges | 65/66B | €90 | €90 | +€0 | +0.1% |
| Recurring financial charges | 65 | €90 | €90 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €18,506 | €22,638 | +€4,132 | +22.3% |
| Income taxes | 67/77 | €4,466 | €5,186 | +€720 | +16.1% |
| Profit (loss) for the period | 9904 | €14,039 | €17,452 | +€3,413 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,039 | €17,452 | +€3,413 | +24.3% |
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 29 September 2026 via checked.be.