CMAS: 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.
CMAS
Largest movements
- Cash +€17,882
up €17,882 (+99.2%), from €18,022 to €35,903
mainly Net result for the year (+€57,210) and Other debts (+€12,312)
- Stocks and contracts +€9,603
up €9,603 (+60.3%), from €15,917 to €25,520
- Tangible fixed assets -€6,736
down €6,736 (-83.0%), from €8,116 to €1,380
- Receivables within one year -€1,141
down €1,141 (-25.8%), from €4,424 to €3,283
of which Trade receivables: -€1,891
- Other debts +€12,312
up €12,312 (+40.8%), from €30,199 to €42,511
- Tax, wage and social debts +€6,687
up €6,687 (+86.1%), from €7,763 to €14,450
- Turnover +€131,007
up €131,007 (+62.6%), from €209,207 to €340,214
- Purchases and services +€99,212
up €99,212 (+55.8%), from €177,721 to €276,932
- Gross operating margin +€37,184
up €37,184 (+118.1%), from €31,486 to €68,670
- Depreciation +€8,116
new in 2025: €8,116
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 | €46,479 | €66,086 | +€19,607 | +42.2% |
| Fixed assets | 21/28 | €8,116 | €1,380 | -€6,736 | -83.0% |
| Tangible fixed assets | 22/27 | €8,116 | €1,380 | -€6,736 | -83.0% |
| Furniture and vehicles | 24 | €8,116 | €1,380 | -€6,736 | -83.0% |
| Current assets | 29/58 | €38,363 | €64,706 | +€26,343 | +68.7% |
| Stocks and contracts in progress | 3 | €15,917 | €25,520 | +€9,603 | +60.3% |
| Stocks | 30/36 | €15,917 | €25,520 | +€9,603 | +60.3% |
| Amounts receivable within one year | 40/41 | €4,424 | €3,283 | -€1,141 | -25.8% |
| Trade receivables | 40 | €4,424 | €2,533 | -€1,891 | -42.7% |
| Other amounts receivable | 41 | - | €750 | +€750 | |
| Cash at bank and in hand | 54/58 | €18,022 | €35,903 | +€17,882 | +99.2% |
| Total equity and liabilities | 10/49 | €46,479 | €66,086 | +€19,607 | +42.2% |
| Equity | 10/15 | €8,471 | €8,480 | +€10 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €411 | €420 | +€10 | +2.3% |
| Amounts payable | 17/49 | €38,008 | €57,606 | +€19,598 | +51.6% |
| Amounts payable within one year | 42/48 | €38,008 | €57,606 | +€19,598 | +51.6% |
| Trade debts | 44 | €46 | €645 | +€599 | +1312.2% |
| Suppliers | 440/4 | €46 | €645 | +€599 | +1312.2% |
| Taxes, remuneration and social security | 45 | €7,763 | €14,450 | +€6,687 | +86.1% |
| Taxes | 450/3 | €7,763 | €14,450 | +€6,687 | +86.1% |
| Other amounts payable | 47/48 | €30,199 | €42,511 | +€12,312 | +40.8% |
| Turnover | 70 | €209,207 | €340,214 | +€131,007 | +62.6% |
| Non-recurring operating income | 76A | - | €5,388 | +€5,388 | |
| Goods, raw materials, services and sundry goods | 60/61 | €177,721 | €276,932 | +€99,212 | +55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,116 | +€8,116 | |
| Other operating charges | 640/8 | €2,128 | €1,745 | -€382 | -18.0% |
| Gross operating margin | 9900 | €31,486 | €68,670 | +€37,184 | +118.1% |
| Operating profit (loss) | 9901 | €29,359 | €58,809 | +€29,450 | +100.3% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Non-recurring financial income | 76B | €4 | - | -€4 | |
| Financial charges | 65/66B | €132 | €102 | -€30 | -23.0% |
| Recurring financial charges | 65 | €132 | €102 | -€30 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €29,231 | €58,707 | +€29,476 | +100.8% |
| Income taxes | 67/77 | - | €1,498 | +€1,498 | |
| Profit (loss) for the period | 9904 | €29,231 | €57,210 | +€27,979 | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,231 | €57,210 | +€27,979 | +95.7% |
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 10 October 2026 via checked.be.