CMB.TECH Industry: 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.TECH Industry
Largest movements
- Tangible fixed assets +€882,178
up €882,178 (+741%), from €119,084 to €1.0m
of which Assets under construction and advance payments: +€682,247
- Stocks and contracts -€704,164
down €704,164 (-7.3%), from €9.6m to €8.9m
- Receivables within one year +€273,047
up €273,047 (+8.5%), from €3.2m to €3.5m
of which Trade receivables: +€349,150
- Contributions +€7.7m
up €7.7m (+68.7%), from €11.3m to €19.0m
- Profit (loss) carried forward -€5.4m
down €5.4m (-195%), from -€2.8m to -€8.1m
- Accrued charges and deferred income -€1.3m
no longer reported in 2024 (was €1.3m)
- Trade debts -€707,472
down €707,472 (-30.0%), from €2.4m to €1.6m
- Advances received -€340,000
down €340,000 (-77.3%), from €440,000 to €100,000
- Write-downs +€1.7m
new in 2024: €1.7m
- Staff costs +€485,114
up €485,114 (+72.1%), from €672,386 to €1.2m
- Gross operating margin -€270,104
down €270,104 (-13.3%), from -€2.0m to -€2.3m
- Financial charges +€143,486
up €143,486 (+340%), from €42,157 to €185,643
- Other operating charges +€33,547
up €33,547 (+641%), from €5,237 to €38,784
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,992,005 | €13,500,679 | +€508,674 | +3.9% |
| Fixed assets | 21/28 | €119,084 | €1,001,262 | +€882,178 | +741% |
| Tangible fixed assets | 22/27 | €119,084 | €1,001,262 | +€882,178 | +741% |
| Plant, machinery and equipment | 23 | €119,084 | €203,414 | +€84,330 | +70.8% |
| Furniture and vehicles | 24 | - | €65,080 | +€65,080 | |
| Other tangible fixed assets | 26 | - | €50,521 | +€50,521 | |
| Assets under construction and advance payments | 27 | - | €682,247 | +€682,247 | |
| Current assets | 29/58 | €12,872,921 | €12,499,417 | -€373,504 | -2.9% |
| Stocks and contracts in progress | 3 | €9,644,940 | €8,940,776 | -€704,164 | -7.3% |
| Stocks | 30/36 | €9,644,940 | €8,940,776 | -€704,164 | -7.3% |
| Amounts receivable within one year | 40/41 | €3,202,017 | €3,475,064 | +€273,047 | +8.5% |
| Trade receivables | 40 | €2,972,137 | €3,321,287 | +€349,150 | +11.7% |
| Other amounts receivable | 41 | €229,880 | €153,777 | -€76,103 | -33.1% |
| Cash at bank and in hand | 54/58 | €3,408 | €1,034 | -€2,374 | -69.7% |
| Deferred charges and accrued income | 490/1 | €22,556 | €82,543 | +€59,987 | +266% |
| Total equity and liabilities | 10/49 | €12,992,005 | €13,500,679 | +€508,674 | +3.9% |
| Equity | 10/15 | €8,516,826 | €10,877,340 | +€2.4m | +27.7% |
| Contributions | 10/11 | €11,269,500 | €19,006,500 | +€7.7m | +68.7% |
| Capital | 10 | €11,269,500 | €19,006,500 | +€7.7m | +68.7% |
| Issued capital | 100 | €11,269,500 | €19,006,500 | +€7.7m | +68.7% |
| Profit (loss) carried forward | 14 | -€2,752,674 | -€8,129,160 | -€5.4m | -195% |
| Amounts payable | 17/49 | €4,475,178 | €2,623,339 | -€1.9m | -41.4% |
| Amounts payable within one year | 42/48 | €3,199,587 | €2,623,339 | -€576,248 | -18.0% |
| Financial debts | 43 | €344,817 | €526,533 | +€181,716 | +52.7% |
| Other loans | 439 | €344,817 | €526,533 | +€181,716 | +52.7% |
| Trade debts | 44 | €2,356,348 | €1,648,876 | -€707,472 | -30.0% |
| Suppliers | 440/4 | €2,356,348 | €1,648,876 | -€707,472 | -30.0% |
| Advances received on contracts in progress | 46 | €440,000 | €100,000 | -€340,000 | -77.3% |
| Taxes, remuneration and social security | 45 | €58,422 | €347,930 | +€289,508 | +496% |
| Remuneration and social security | 454/9 | €58,422 | €347,930 | +€289,508 | +496% |
| Accrued charges and deferred income | 492/3 | €1,275,591 | - | -€1.3m | |
| Remuneration, social security and pensions | 62 | €672,386 | €1,157,500 | +€485,114 | +72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,878 | €28,877 | +€17,999 | +165% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,700,861 | +€1.7m | |
| Other operating charges | 640/8 | €5,237 | €38,784 | +€33,547 | +641% |
| Gross operating margin | 9900 | -€2,036,064 | -€2,306,168 | -€270,104 | -13.3% |
| Operating profit (loss) | 9901 | -€2,724,565 | -€5,232,190 | -€2.5m | -92.0% |
| Financial income | 75/76B | €14,048 | €41,936 | +€27,888 | +199% |
| Recurring financial income | 75 | €14,048 | €41,936 | +€27,888 | +199% |
| Financial charges | 65/66B | €42,157 | €185,643 | +€143,486 | +340% |
| Recurring financial charges | 65 | €42,157 | €185,643 | +€143,486 | +340% |
| Profit (loss) for the period before taxes | 9903 | -€2,752,674 | -€5,375,897 | -€2.6m | -95.3% |
| Income taxes | 67/77 | - | €589 | +€589 | |
| Profit (loss) for the period | 9904 | -€2,752,674 | -€5,376,486 | -€2.6m | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,752,674 | -€5,376,486 | -€2.6m | -95.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.