CMBV: what changed
What changed
CMBV
NACE 49.330, On-demand passenger transport by chauffeured vehicle
filed annual accounts (NBB)
Net result for the year
€18,963
2025 · €11,694+€7,269
Equity
€68,963
2025 · €50,833+€18,130
Cash
€21,050
2025 · €13,465+€7,584
Balance sheet total
€264,344
2025 · €147,755+€116,590
Largest movements
Assets
- Tangible fixed assets +€106,642
up €106,642 (+108%), from €98,847 to €205,489
of which Furniture and vehicles: +€71,504
- Deferred charges and accrued income +€18,817
up €18,817 (+477%), from €3,944 to €22,761
- Receivables within one year -€16,453
down €16,453 (-52.2%), from €31,498 to €15,045
of which Trade receivables: -€10,825
- Cash +€7,584
up €7,584 (+56.3%), from €13,465 to €21,050
mainly Debts after one year (+€68,583) and Depreciation (+€31,254)
Equity and liabilities
- Debts after one year +€68,583
up €68,583 (+194%), from €35,329 to €103,912
- Profit (loss) carried forward +€18,130
up €18,130 (+1,816%), from €998 to €19,128
- Trade debts +€17,317
up €17,317 (+197%), from €8,780 to €26,097
- Current portion of long-term debt +€16,776
up €16,776 (+124%), from €13,554 to €30,329
- Other debts -€8,549
down €8,549 (-27.2%), from €31,373 to €22,824
Income statement
- Gross operating margin +€47,470
up €47,470 (+93.5%), from €50,782 to €98,252
- Staff costs +€25,920
up €25,920, from €0 to €25,920
- Depreciation +€11,799
up €11,799 (+60.6%), from €19,455 to €31,254
- Financial charges +€2,756
up €2,756 (+71.7%), from €3,844 to €6,600
- Other operating charges +€1,256
up €1,256 (+21.3%), from €5,904 to €7,160
Change in the result, 2025 to 2026
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 2025
€11,694
Gross operating margin
+€47,470
Staff costs
-€25,920
Depreciation
-€11,799
Other operating charges
-€1,256
Other operating items
+€2,675
Financial income
-€784
Financial charges
-€2,756
Taxes
-€361
Result 2026
€18,963
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€60,955
Investment
-€137,896
Financing
+€84,526
Cash 2025
€13,465
From operations (derived)
+€60,955
Net result for the year
+€18,963
Depreciation
+€31,254
Receivables within one year
+€16,453
Deferred charges and accrued income
-€18,817
Trade debts
+€17,317
Tax, wage and social debts
+€2,324
Advances received
+€820
Other debts
-€8,549
Accrued charges and deferred income
+€1,188
Investment (derived)
-€137,896
Investment in fixed assets (net)
-€137,896
Financing
+€84,526
Debts after one year
+€68,583
Current portion of long-term debt
+€16,776
Contributions, distributions and other
-€833
Cash 2026
€21,050
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,755 | €264,344 | +€116,590 | +78.9% |
| Fixed assets | 21/28 | €98,847 | €205,489 | +€106,642 | +108% |
| Tangible fixed assets | 22/27 | €98,847 | €205,489 | +€106,642 | +108% |
| Plant, machinery and equipment | 23 | €6,532 | €41,670 | +€35,138 | +538% |
| Furniture and vehicles | 24 | €92,315 | €163,819 | +€71,504 | +77.5% |
| Current assets | 29/58 | €48,907 | €58,855 | +€9,948 | +20.3% |
| Amounts receivable within one year | 40/41 | €31,498 | €15,045 | -€16,453 | -52.2% |
| Trade receivables | 40 | €22,832 | €12,007 | -€10,825 | -47.4% |
| Other amounts receivable | 41 | €8,666 | €3,038 | -€5,628 | -64.9% |
| Cash at bank and in hand | 54/58 | €13,465 | €21,050 | +€7,584 | +56.3% |
| Deferred charges and accrued income | 490/1 | €3,944 | €22,761 | +€18,817 | +477% |
| Total equity and liabilities | 10/49 | €147,755 | €264,344 | +€116,590 | +78.9% |
| Equity | 10/15 | €50,833 | €68,963 | +€18,130 | +35.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,835 | €46,835 | = | 0.0% |
| Distributable reserves | 133 | €46,835 | €46,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | €998 | €19,128 | +€18,130 | +1,816% |
| Amounts payable | 17/49 | €96,922 | €195,381 | +€98,460 | +102% |
| Amounts payable after more than one year | 17 | €35,329 | €103,912 | +€68,583 | +194% |
| Financial debts | 170/4 | €35,329 | €103,912 | +€68,583 | +194% |
| Amounts payable within one year | 42/48 | €59,254 | €87,943 | +€28,688 | +48.4% |
| Current portion of amounts payable after more than one year | 42 | €13,554 | €30,329 | +€16,776 | +124% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,780 | €26,097 | +€17,317 | +197% |
| Suppliers | 440/4 | €8,780 | €26,097 | +€17,317 | +197% |
| Advances received on contracts in progress | 46 | €0 | €820 | +€820 | |
| Taxes, remuneration and social security | 45 | €5,548 | €7,872 | +€2,324 | +41.9% |
| Taxes | 450/3 | €3,336 | €3,720 | +€384 | +11.5% |
| Remuneration and social security | 454/9 | €2,212 | €4,151 | +€1,940 | +87.7% |
| Other amounts payable | 47/48 | €31,373 | €22,824 | -€8,549 | -27.2% |
| Accrued charges and deferred income | 492/3 | €2,339 | €3,527 | +€1,188 | +50.8% |
| Non-recurring operating income | 76A | €2,500 | €3,146 | +€646 | +25.8% |
| Remuneration, social security and pensions | 62 | €0 | €25,920 | +€25,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,455 | €31,254 | +€11,799 | +60.6% |
| Other operating charges | 640/8 | €5,904 | €7,160 | +€1,256 | +21.3% |
| Non-recurring operating charges | 66A | €7,375 | €4,700 | -€2,675 | -36.3% |
| Gross operating margin | 9900 | €50,782 | €98,252 | +€47,470 | +93.5% |
| Operating profit (loss) | 9901 | €18,048 | €29,218 | +€11,170 | +61.9% |
| Financial income | 75/76B | €834 | €49 | -€784 | -94.1% |
| Recurring financial income | 75 | €834 | €49 | -€784 | -94.1% |
| Financial charges | 65/66B | €3,844 | €6,600 | +€2,756 | +71.7% |
| Recurring financial charges | 65 | €3,844 | €6,600 | +€2,756 | +71.7% |
| Profit (loss) for the period before taxes | 9903 | €15,038 | €22,668 | +€7,630 | +50.7% |
| Income taxes | 67/77 | €3,344 | €3,704 | +€361 | +10.8% |
| Profit (loss) for the period | 9904 | €11,694 | €18,963 | +€7,269 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,694 | €18,963 | +€7,269 | +62.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.