CMA CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets +€114,728
up €114,728 (+799.2%), from €14,355 to €129,083
of which Furniture and vehicles: +€116,749
- Cash -€16,562
down €16,562 (-27.8%), from €59,543 to €42,981
mainly Contributions, distributions and other (-€221,737) and Investment in fixed assets (net) (-€119,714)
- Receivables within one year +€6,582
up €6,582 (+4.0%), from €166,587 to €173,169
of which Trade receivables: +€4,490
- Other debts +€221,737
new in 2025: €221,737
- Reserves -€137,456
down €137,456 (-72.0%), from €190,865 to €53,409
- Debts after one year +€37,018
new in 2025: €37,018
- Tax, wage and social debts -€29,055
down €29,055 (-98.8%), from €29,422 to €367
- Current portion of long-term debt +€11,982
new in 2025: €11,982
- Financial income -€6,037
down €6,037 (-38.4%), from €15,714 to €9,677
- Gross operating margin +€3,609
up €3,609 (+3.4%), from €105,229 to €108,838
- Depreciation +€2,028
up €2,028 (+68.6%), from €2,958 to €4,986
- Taxes -€1,724
down €1,724 (-7.1%), from €24,161 to €22,437
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 | €241,056 | €347,472 | +€106,416 | +44.1% |
| Fixed assets | 21/28 | €14,355 | €129,083 | +€114,728 | +799.2% |
| Tangible fixed assets | 22/27 | €14,355 | €129,083 | +€114,728 | +799.2% |
| Furniture and vehicles | 24 | €1,564 | €118,313 | +€116,749 | +7466.6% |
| Other tangible fixed assets | 26 | €12,791 | €10,770 | -€2,021 | -15.8% |
| Current assets | 29/58 | €226,701 | €218,389 | -€8,312 | -3.7% |
| Amounts receivable within one year | 40/41 | €166,587 | €173,169 | +€6,582 | +4.0% |
| Trade receivables | 40 | €19,638 | €24,129 | +€4,490 | +22.9% |
| Other amounts receivable | 41 | €146,948 | €149,040 | +€2,091 | +1.4% |
| Cash at bank and in hand | 54/58 | €59,543 | €42,981 | -€16,562 | -27.8% |
| Deferred charges and accrued income | 490/1 | €572 | €2,239 | +€1,668 | +291.7% |
| Total equity and liabilities | 10/49 | €241,056 | €347,472 | +€106,416 | +44.1% |
| Equity | 10/15 | €210,865 | €73,409 | -€137,456 | -65.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €190,865 | €53,409 | -€137,456 | -72.0% |
| Distributable reserves | 133 | €190,865 | €53,409 | -€137,456 | -72.0% |
| Amounts payable | 17/49 | €30,191 | €274,063 | +€243,872 | +807.8% |
| Amounts payable after more than one year | 17 | - | €37,018 | +€37,018 | |
| Financial debts | 170/4 | - | €37,018 | +€37,018 | |
| Amounts payable within one year | 42/48 | €29,594 | €235,089 | +€205,495 | +694.4% |
| Current portion of amounts payable after more than one year | 42 | - | €11,982 | +€11,982 | |
| Trade debts | 44 | €173 | €1,004 | +€831 | +481.4% |
| Suppliers | 440/4 | €173 | €1,004 | +€831 | +481.4% |
| Taxes, remuneration and social security | 45 | €29,422 | €367 | -€29,055 | -98.8% |
| Taxes | 450/3 | €29,422 | €367 | -€29,055 | -98.8% |
| Other amounts payable | 47/48 | - | €221,737 | +€221,737 | |
| Accrued charges and deferred income | 492/3 | €597 | €1,956 | +€1,360 | +227.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,958 | €4,986 | +€2,028 | +68.6% |
| Other operating charges | 640/8 | €191 | €716 | +€525 | +274.2% |
| Non-recurring operating charges | 66A | - | €2,479 | +€2,479 | |
| Gross operating margin | 9900 | €105,229 | €108,838 | +€3,609 | +3.4% |
| Operating profit (loss) | 9901 | €102,080 | €100,657 | -€1,424 | -1.4% |
| Financial income | 75/76B | €15,714 | €9,677 | -€6,037 | -38.4% |
| Recurring financial income | 75 | €15,714 | €9,677 | -€6,037 | -38.4% |
| Financial charges | 65/66B | €3,301 | €3,616 | +€315 | +9.5% |
| Recurring financial charges | 65 | €3,301 | €3,616 | +€315 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €114,493 | €106,718 | -€7,775 | -6.8% |
| Income taxes | 67/77 | €24,161 | €22,437 | -€1,724 | -7.1% |
| Profit (loss) for the period | 9904 | €90,332 | €84,281 | -€6,051 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €90,332 | €84,281 | -€6,051 | -6.7% |
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 4 October 2026 via checked.be.