CMB.TECH: what changed
What changed
CMB.TECH
NACE 50.200, Water transport
filed annual accounts (NBB)
Net result for the year
€779.3m
2023 · €853.5m-€74.3m
Equity
€2.12bn
2023 · €2.40bn-€279.2m
Cash
€17.0m
2023 · €167.2m-€150.2m
Balance sheet total
€3.51bn
2023 · €3.25bn+€255.7m
Largest movements
Assets
- Financial fixed assets +€1.45bn
up €1.45bn (+772%), from €187.6m to €1.64bn
of which Affiliated companies: +€1.45bn
- Tangible fixed assets -€898.0m
down €898.0m (-38.8%), from €2.31bn to €1.41bn
of which Plant, machinery and equipment: -€920.7m
- Cash -€150.2m
down €150.2m (-89.9%), from €167.2m to €17.0m
mainly Contributions, distributions and other (-€1.06bn) and Investment in fixed assets (net) (-€659.8m)
- Receivables within one year -€90.5m
down €90.5m (-36.4%), from €248.4m to €157.9m
of which Trade receivables: -€99.8m
- Current investments -€35.5m
down €35.5m (-12.0%), from €296.3m to €260.8m
of which Other investments: -€142.5m
Equity and liabilities
- Contributions -€1.01bn
down €1.01bn (-59.0%), from €1.71bn to €699.6m
of which Contributions outside capital: -€1.01bn
- Debts after one year +€663.2m
up €663.2m (+151%), from €440.5m to €1.10bn
- Profit (loss) carried forward +€599.8m
up €599.8m (+128%), from €469.1m to €1.07bn
- Reserves +€127.0m
up €127.0m (+56.0%), from €226.9m to €353.9m
of which Non-distributable reserves: +€107.1m
- Current portion of long-term debt -€100.3m
down €100.3m (-65.8%), from €152.3m to €52.0m
Income statement
- Turnover -€517.5m
down €517.5m (-44.8%), from €1.16bn to €637.5m
- Services and other goods -€161.8m
down €161.8m (-35.8%), from €451.8m to €290.0m
- Depreciation -€79.4m
down €79.4m (-42.0%), from €188.9m to €109.5m
- Financial income -€47.0m
down €47.0m (-41.7%), from €112.7m to €65.7m
of which Financial income: -€24.6m
- Financial charges -€36.0m
down €36.0m (-23.1%), from €155.7m to €119.7m
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€853.5m
Turnover
-€517.5m
Other operating income
-€4.4m
Services and other goods
+€161.8m
Staff costs
+€417,877
Depreciation
+€79.4m
Write-downs
-€240,502
Provisions
-€1.5m
Other operating charges
-€86,469
Other operating items
+€217.3m
Financial income
-€47.0m
Financial charges
+€36.0m
Taxes
+€1.5m
Result 2024
€779.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€878.2m
Investment
-€624.3m
Financing
-€404.1m
Cash 2023
€167.2m
From operations (derived)
+€878.2m
Net result for the year
+€779.3m
Depreciation
+€109.5m
Stocks and contracts
+€11.8m
Receivables within one year
+€90.5m
Deferred charges and accrued income
+€6.6m
Trade debts
-€51.4m
Smaller working-capital items
-€1.4m
Other debts
-€66.7m
Investment (derived)
-€624.3m
Investment in fixed assets (net)
-€659.8m
Current investments
+€35.5m
Financing
-€404.1m
Debts after one year
+€663.2m
Current portion of long-term debt
-€100.3m
Short-term financial debts
+€91.4m
Contributions, distributions and other
-€1.06bn
Cash 2024
€17.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,250,083,336 | €3,505,807,832 | +€255.7m | +7.9% |
| Fixed assets | 21/28 | €2,499,889,322 | €3,050,150,932 | +€550.3m | +22.0% |
| Intangible fixed assets | 21 | - | €535,029 | +€535,029 | |
| Tangible fixed assets | 22/27 | €2,312,319,110 | €1,414,327,561 | -€898.0m | -38.8% |
| Plant, machinery and equipment | 23 | €2,205,336,200 | €1,284,613,646 | -€920.7m | -41.7% |
| Furniture and vehicles | 24 | €351,173 | €275,045 | -€76,128 | -21.7% |
| Other tangible fixed assets | 26 | €118,845 | €107,257 | -€11,588 | -9.8% |
| Assets under construction and advance payments | 27 | €106,512,892 | €129,331,613 | +€22.8m | +21.4% |
| Financial fixed assets | 28 | €187,570,212 | €1,635,288,342 | +€1.45bn | +772% |
| Affiliated companies | 280/1 | €187,539,856 | €1,635,282,251 | +€1.45bn | +772% |
| Participating interests | 280 | €187,539,856 | €1,635,282,251 | +€1.45bn | +772% |
| Other financial fixed assets | 284/8 | €30,356 | €6,091 | -€24,265 | -79.9% |
| Amounts receivable and cash guarantees | 285/8 | €30,356 | €6,091 | -€24,265 | -79.9% |
| Current assets | 29/58 | €750,194,014 | €455,656,900 | -€294.5m | -39.3% |
| Stocks and contracts in progress | 3 | €21,184,111 | €9,422,260 | -€11.8m | -55.5% |
| Stocks | 30/36 | €21,184,111 | €9,422,260 | -€11.8m | -55.5% |
| Goods purchased for resale | 34 | €21,184,111 | €9,422,260 | -€11.8m | -55.5% |
| Amounts receivable within one year | 40/41 | €248,386,911 | €157,932,186 | -€90.5m | -36.4% |
| Trade receivables | 40 | €242,294,824 | €142,539,365 | -€99.8m | -41.2% |
| Other amounts receivable | 41 | €6,092,087 | €15,392,821 | +€9.3m | +153% |
| Current investments | 50/53 | €296,289,212 | €260,828,019 | -€35.5m | -12.0% |
| Own shares | 50 | €153,789,212 | €260,828,019 | +€107.0m | +69.6% |
| Other investments | 51/53 | €142,500,000 | - | -€142.5m | |
| Cash at bank and in hand | 54/58 | €167,186,474 | €16,950,209 | -€150.2m | -89.9% |
| Deferred charges and accrued income | 490/1 | €17,147,306 | €10,524,226 | -€6.6m | -38.6% |
| Total equity and liabilities | 10/49 | €3,250,083,336 | €3,505,807,832 | +€255.7m | +7.9% |
| Equity | 10/15 | €2,401,578,804 | €2,122,366,211 | -€279.2m | -11.6% |
| Contributions | 10/11 | €1,705,676,664 | €699,633,459 | -€1.01bn | -59.0% |
| Capital | 10 | €239,147,506 | €239,147,506 | = | 0.0% |
| Issued capital | 100 | €239,147,506 | €239,147,506 | = | 0.0% |
| Contributions outside capital | 11 | €1,466,529,158 | €460,485,953 | -€1.01bn | -68.6% |
| Share premium | 1100/10 | €1,466,529,158 | €460,485,953 | -€1.01bn | -68.6% |
| Reserves | 13 | €226,851,380 | €353,852,948 | +€127.0m | +56.0% |
| Non-distributable reserves | 130/1 | €178,204,933 | €285,332,772 | +€107.1m | +60.1% |
| Legal reserve | 130 | €23,914,751 | €23,914,751 | = | 0.0% |
| Own shares acquired | 1312 | €153,789,212 | €260,828,019 | +€107.0m | +69.6% |
| Other | 1319 | €500,970 | €590,002 | +€89,032 | +17.8% |
| Tax-exempt reserves | 132 | €48,646,447 | €48,646,447 | = | 0.0% |
| Distributable reserves | 133 | - | €19,873,729 | +€19.9m | |
| Profit (loss) carried forward | 14 | €469,050,760 | €1,068,879,804 | +€599.8m | +128% |
| Amounts payable | 17/49 | €848,504,532 | €1,383,441,621 | +€534.9m | +63.0% |
| Amounts payable after more than one year | 17 | €440,465,425 | €1,103,700,000 | +€663.2m | +151% |
| Financial debts | 170/4 | €440,465,425 | €1,103,700,000 | +€663.2m | +151% |
| Credit institutions | 173 | €263,465,425 | €918,700,000 | +€655.2m | +249% |
| Other loans | 174 | €177,000,000 | €185,000,000 | +€8.0m | +4.5% |
| Amounts payable within one year | 42/48 | €387,241,955 | €259,997,266 | -€127.2m | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €152,259,575 | €52,000,000 | -€100.3m | -65.8% |
| Financial debts | 43 | €87,387,250 | €178,755,869 | +€91.4m | +105% |
| Credit institutions | 430/8 | €87,387,250 | €62,801,505 | -€24.6m | -28.1% |
| Other loans | 439 | - | €115,954,364 | +€116.0m | |
| Trade debts | 44 | €72,374,766 | €21,004,718 | -€51.4m | -71.0% |
| Suppliers | 440/4 | €72,374,766 | €21,004,718 | -€51.4m | -71.0% |
| Taxes, remuneration and social security | 45 | €1,031,846 | €724,659 | -€307,187 | -29.8% |
| Taxes | 450/3 | €101,115 | - | -€101,115 | |
| Remuneration and social security | 454/9 | €930,731 | €724,659 | -€206,072 | -22.1% |
| Other amounts payable | 47/48 | €74,188,518 | €7,512,020 | -€66.7m | -89.9% |
| Accrued charges and deferred income | 492/3 | €20,797,152 | €19,744,355 | -€1.1m | -5.1% |
| Operating income | 70/76A | €1,548,408,514 | €1,243,877,271 | -€304.5m | -19.7% |
| Turnover | 70 | €1,155,006,389 | €637,505,793 | -€517.5m | -44.8% |
| Other operating income | 74 | €28,745,455 | €24,386,256 | -€4.4m | -15.2% |
| Non-recurring operating income | 76A | €364,656,670 | €581,985,222 | +€217.3m | +59.6% |
| Operating charges | 60/66A | €648,472,251 | €408,637,272 | -€239.8m | -37.0% |
| Services and other goods | 61 | €451,792,057 | €289,969,904 | -€161.8m | -35.8% |
| Remuneration, social security and pensions | 62 | €9,126,265 | €8,708,388 | -€417,877 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,908,511 | €109,502,367 | -€79.4m | -42.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €240,502 | +€240,502 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,484,224 | - | +€1.5m | |
| Other operating charges | 640/8 | €129,642 | €216,111 | +€86,469 | +66.7% |
| Operating profit (loss) | 9901 | €899,936,263 | €835,239,999 | -€64.7m | -7.2% |
| Financial income | 75/76B | €112,714,896 | €65,688,288 | -€47.0m | -41.7% |
| Recurring financial income | 75 | €90,311,051 | €65,688,288 | -€24.6m | -27.3% |
| Income from financial fixed assets | 750 | €25,000,000 | €39,800,000 | +€14.8m | +59.2% |
| Income from current assets | 751 | €22,523,993 | €12,394,530 | -€10.1m | -45.0% |
| Other financial income | 752/9 | €42,787,058 | €13,493,758 | -€29.3m | -68.5% |
| Non-recurring financial income | 76B | €22,403,845 | - | -€22.4m | |
| Financial charges | 65/66B | €155,697,890 | €119,692,356 | -€36.0m | -23.1% |
| Recurring financial charges | 65 | €155,697,890 | €119,692,356 | -€36.0m | -23.1% |
| Debt charges | 650 | €105,748,338 | €75,160,533 | -€30.6m | -28.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €19,873,729 | +€19.9m | |
| Other financial charges | 652/9 | €49,949,552 | €24,658,094 | -€25.3m | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €856,953,269 | €781,235,931 | -€75.7m | -8.8% |
| Income taxes | 67/77 | €3,431,636 | €1,966,773 | -€1.5m | -42.7% |
| Taxes | 670/3 | €3,431,636 | €1,967,239 | -€1.5m | -42.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €466 | +€466 | |
| Profit (loss) for the period | 9904 | €853,521,633 | €779,269,158 | -€74.3m | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €853,521,633 | €779,269,158 | -€74.3m | -8.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.