CMA COMMUNICATION: 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.
CMA COMMUNICATION
Largest movements
- Receivables within one year -€28,025
down €28,025 (-24.7%), from €113,567 to €85,542
of which Trade receivables: -€30,453
- Cash -€7,386
down €7,386 (-42.7%), from €17,286 to €9,900
mainly Contributions, distributions and other (-€115,336) and Tax, wage and social debts (-€1,872)
- Reserves -€84,809
no longer reported in 2025 (was €84,809)
- Other debts +€30,303
up €30,303 (+680.7%), from €4,452 to €34,755
- Trade debts +€21,784
up €21,784 (+69.1%), from €31,535 to €53,319
- Tax, wage and social debts -€1,872
down €1,872 (-32.3%), from €5,803 to €3,931
of which Remuneration and social security: -€1,676
- Gross operating margin -€8,695
down €8,695 (-8.3%), from €104,440 to €95,745
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 | €131,099 | €96,505 | -€34,594 | -26.4% |
| Fixed assets | 21/28 | - | €1,064 | +€1,064 | |
| Tangible fixed assets | 22/27 | - | €1,064 | +€1,064 | |
| Furniture and vehicles | 24 | - | €1,064 | +€1,064 | |
| Current assets | 29/58 | €131,099 | €95,442 | -€35,658 | -27.2% |
| Amounts receivable within one year | 40/41 | €113,567 | €85,542 | -€28,025 | -24.7% |
| Trade receivables | 40 | €105,767 | €75,314 | -€30,453 | -28.8% |
| Other amounts receivable | 41 | €7,800 | €10,228 | +€2,427 | +31.1% |
| Cash at bank and in hand | 54/58 | €17,286 | €9,900 | -€7,386 | -42.7% |
| Deferred charges and accrued income | 490/1 | €247 | - | -€247 | |
| Total equity and liabilities | 10/49 | €131,099 | €96,505 | -€34,594 | -26.4% |
| Equity | 10/15 | €89,309 | €4,500 | -€84,809 | -95.0% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €84,809 | - | -€84,809 | |
| Distributable reserves | 133 | €84,809 | - | -€84,809 | |
| Amounts payable | 17/49 | €41,790 | €92,005 | +€50,215 | +120.2% |
| Amounts payable within one year | 42/48 | €41,790 | €92,005 | +€50,215 | +120.2% |
| Trade debts | 44 | €31,535 | €53,319 | +€21,784 | +69.1% |
| Suppliers | 440/4 | €31,535 | €53,319 | +€21,784 | +69.1% |
| Taxes, remuneration and social security | 45 | €5,803 | €3,931 | -€1,872 | -32.3% |
| Taxes | 450/3 | €196 | - | -€196 | |
| Remuneration and social security | 454/9 | €5,607 | €3,931 | -€1,676 | -29.9% |
| Other amounts payable | 47/48 | €4,452 | €34,755 | +€30,303 | +680.7% |
| Non-recurring operating income | 76A | - | €111 | +€111 | |
| Remuneration, social security and pensions | 62 | €53,600 | €53,890 | +€290 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €498 | +€498 | |
| Other operating charges | 640/8 | €2,492 | €2,795 | +€303 | +12.2% |
| Non-recurring operating charges | 66A | €1,129 | - | -€1,129 | |
| Gross operating margin | 9900 | €104,440 | €95,745 | -€8,695 | -8.3% |
| Operating profit (loss) | 9901 | €47,219 | €38,562 | -€8,656 | -18.3% |
| Financial income | 75/76B | €9 | €0 | -€9 | -99.7% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -99.7% |
| Financial charges | 65/66B | €59 | €69 | +€10 | +17.1% |
| Recurring financial charges | 65 | €59 | €69 | +€10 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €47,169 | €38,494 | -€8,675 | -18.4% |
| Income taxes | 67/77 | €7,632 | €7,967 | +€335 | +4.4% |
| Profit (loss) for the period | 9904 | €39,537 | €30,527 | -€9,011 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,537 | €30,527 | -€9,011 | -22.8% |
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 7 October 2026 via checked.be.