CMA HOLDING: what changed
Two financial 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 HOLDING
Largest movements
- Receivables within one year -€9,748
down €9,748 (-99.4%), from €9,807 to €58
of which Trade receivables: -€9,807
- Cash +€4,951
up €4,951 (+2,597%), from €191 to €5,141
mainly Receivables within one year (+€9,748) and Net result for the year (+€8,763)
- Deferred charges and accrued income +€1,799
new in 2025: €1,799
- Debts after one year -€11,985
down €11,985 (-22.0%), from €54,458 to €42,473
- Profit (loss) carried forward +€8,763
up €8,763 (+75.5%), from €11,614 to €20,377
- Tax, wage and social debts -€7,168
down €7,168 (-52.1%), from €13,769 to €6,601
of which Taxes: -€7,168
- Trade debts +€6,893
up €6,893 (+2,406%), from €287 to €7,180
- Gross operating margin -€2,787
down €2,787 (-16.3%), from €17,107 to €14,320
- Financial charges -€468
down €468 (-15.1%), from €3,108 to €2,640
- Taxes -€457
down €457 (-15.7%), from €2,918 to €2,461
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.
Derived cash bridge
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 | €109,697 | €106,698 | -€2,999 | -2.7% |
| Fixed assets | 21/28 | €99,700 | €99,700 | = | 0.0% |
| Financial fixed assets | 28 | €99,700 | €99,700 | = | 0.0% |
| Current assets | 29/58 | €9,997 | €6,998 | -€2,999 | -30.0% |
| Amounts receivable within one year | 40/41 | €9,807 | €58 | -€9,748 | -99.4% |
| Trade receivables | 40 | €9,807 | €0 | -€9,807 | -100% |
| Other amounts receivable | 41 | - | €58 | +€58 | |
| Cash at bank and in hand | 54/58 | €191 | €5,141 | +€4,951 | +2,597% |
| Deferred charges and accrued income | 490/1 | - | €1,799 | +€1,799 | |
| Total equity and liabilities | 10/49 | €109,697 | €106,698 | -€2,999 | -2.7% |
| Equity | 10/15 | €21,614 | €30,377 | +€8,763 | +40.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,614 | €20,377 | +€8,763 | +75.5% |
| Amounts payable | 17/49 | €88,083 | €76,321 | -€11,762 | -13.4% |
| Amounts payable after more than one year | 17 | €54,458 | €42,473 | -€11,985 | -22.0% |
| Financial debts | 170/4 | €54,458 | €42,473 | -€11,985 | -22.0% |
| Amounts payable within one year | 42/48 | €33,625 | €33,848 | +€222 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €11,509 | €11,985 | +€476 | +4.1% |
| Trade debts | 44 | €287 | €7,180 | +€6,893 | +2,406% |
| Suppliers | 440/4 | €287 | €7,180 | +€6,893 | +2,406% |
| Taxes, remuneration and social security | 45 | €13,769 | €6,601 | -€7,168 | -52.1% |
| Taxes | 450/3 | €11,519 | €4,351 | -€7,168 | -62.2% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €8,061 | €8,083 | +€22 | +0.3% |
| Other operating charges | 640/8 | €490 | €456 | -€33 | -6.8% |
| Gross operating margin | 9900 | €17,107 | €14,320 | -€2,787 | -16.3% |
| Operating profit (loss) | 9901 | €16,617 | €13,864 | -€2,754 | -16.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,108 | €2,640 | -€468 | -15.1% |
| Recurring financial charges | 65 | €3,108 | €2,640 | -€468 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €13,509 | €11,224 | -€2,286 | -16.9% |
| Income taxes | 67/77 | €2,918 | €2,461 | -€457 | -15.7% |
| Profit (loss) for the period | 9904 | €10,592 | €8,763 | -€1,828 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,592 | €8,763 | -€1,828 | -17.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.