CMB-Med: 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.
CMB-Med
Largest movements
- Cash +€221,477
up €221,477 (+93.9%), from €235,808 to €457,285
mainly Net result for the year (+€162,506) and Other debts (+€120,553)
- Tangible fixed assets -€10,379
down €10,379 (-19.7%), from €52,611 to €42,231
of which Furniture and vehicles: -€10,115
- Profit (loss) carried forward +€162,506
new in 2025: €162,506
- Accrued charges and deferred income -€121,142
no longer reported in 2025 (was €121,142)
- Other debts +€120,553
new in 2025: €120,553
- Tax, wage and social debts +€62,128
up €62,128 (+142%), from €43,869 to €105,997
of which Taxes: +€60,205
- Reserves -€12,841
down €12,841 (-6.5%), from €197,505 to €184,664
- Gross operating margin +€28,152
up €28,152 (+12.9%), from €217,803 to €245,955
- Taxes +€6,112
up €6,112 (+14.6%), from €41,884 to €47,996
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 | €362,619 | €574,006 | +€211,387 | +58.3% |
| Fixed assets | 21/28 | €122,556 | €112,177 | -€10,379 | -8.5% |
| Intangible fixed assets | 21 | €69,945 | €69,945 | = | 0.0% |
| Tangible fixed assets | 22/27 | €52,611 | €42,231 | -€10,379 | -19.7% |
| Plant, machinery and equipment | 23 | €5,827 | €3,593 | -€2,233 | -38.3% |
| Furniture and vehicles | 24 | €46,784 | €36,669 | -€10,115 | -21.6% |
| Other tangible fixed assets | 26 | - | €1,969 | +€1,969 | |
| Current assets | 29/58 | €240,063 | €461,829 | +€221,767 | +92.4% |
| Amounts receivable within one year | 40/41 | - | €79 | +€79 | |
| Trade receivables | 40 | - | €79 | +€79 | |
| Cash at bank and in hand | 54/58 | €235,808 | €457,285 | +€221,477 | +93.9% |
| Deferred charges and accrued income | 490/1 | €4,254 | €4,466 | +€211 | +5.0% |
| Total equity and liabilities | 10/49 | €362,619 | €574,006 | +€211,387 | +58.3% |
| Equity | 10/15 | €197,506 | €347,170 | +€149,665 | +75.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €197,505 | €184,664 | -€12,841 | -6.5% |
| Distributable reserves | 133 | €197,505 | €184,664 | -€12,841 | -6.5% |
| Profit (loss) carried forward | 14 | - | €162,506 | +€162,506 | |
| Amounts payable | 17/49 | €165,113 | €226,836 | +€61,723 | +37.4% |
| Amounts payable within one year | 42/48 | €43,971 | €226,836 | +€182,865 | +416% |
| Trade debts | 44 | €102 | €286 | +€184 | +181% |
| Suppliers | 440/4 | €102 | €286 | +€184 | +181% |
| Taxes, remuneration and social security | 45 | €43,869 | €105,997 | +€62,128 | +142% |
| Taxes | 450/3 | €43,869 | €104,074 | +€60,205 | +137% |
| Remuneration and social security | 454/9 | - | €1,923 | +€1,923 | |
| Other amounts payable | 47/48 | - | €120,553 | +€120,553 | |
| Accrued charges and deferred income | 492/3 | €121,142 | - | -€121,142 | |
| Non-recurring operating income | 76A | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €1,015 | €1,453 | +€438 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,488 | €33,703 | +€216 | +0.6% |
| Other operating charges | 640/8 | €159 | €184 | +€25 | +15.5% |
| Gross operating margin | 9900 | €217,803 | €245,955 | +€28,152 | +12.9% |
| Operating profit (loss) | 9901 | €183,141 | €210,614 | +€27,473 | +15.0% |
| Financial income | 75/76B | €0 | €60 | +€60 | +598,500% |
| Recurring financial income | 75 | €0 | €60 | +€60 | +598,500% |
| Financial charges | 65/66B | €3 | €172 | +€170 | +6,120% |
| Recurring financial charges | 65 | €3 | €172 | +€170 | +6,120% |
| Profit (loss) for the period before taxes | 9903 | €183,138 | €210,502 | +€27,364 | +14.9% |
| Income taxes | 67/77 | €41,884 | €47,996 | +€6,112 | +14.6% |
| Profit (loss) for the period | 9904 | €141,254 | €162,506 | +€21,252 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €141,254 | €162,506 | +€21,252 | +15.0% |
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 16 October 2026 via checked.be.