CMC: what changed
Two fiscal 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.
What changed
CMC
NACE 68.110, Buying and selling of own real estate
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
-€7,053
2025 · -€78,769+€71,716
Equity
€1.4m
2025 · €1.4m-€7,053
Cash
€15,435
2025 · €117,706-€102,271
Balance sheet total
€1.6m
2025 · €1.7m-€144,970
Largest movements
Assets
- Cash -€102,271
down €102,271 (-86.9%), from €117,706 to €15,435
mainly Other debts (-€126,644) and Trade debts (-€7,843)
- Current investments -€44,855
down €44,855 (-56.0%), from €80,105 to €35,250
Equity and liabilities
- Other debts -€126,644
down €126,644 (-42.3%), from €299,194 to €172,550
Income statement
- Gross operating margin +€55,023
up €55,023, from -€48,026 to €6,997
- Depreciation -€16,684
down €16,684 (-87.7%), from €19,030 to €2,346
- Financial charges -€15,605
down €15,605 (-62.1%), from €25,124 to €9,519
- Taxes +€10,249
up €10,249, from -€9,762 to €487
- Financial income -€3,423
down €3,423 (-44.9%), from €7,631 to €4,208
From the 2025 result to the 2026 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.
Result 2025
-€78,769
Gross operating margin
+€55,023
Depreciation
+€16,684
Other operating charges
-€1,925
Financial income
-€3,423
Financial charges
+€15,605
Taxes
-€10,249
Result 2026
-€7,053
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€145,967
Investment
+€43,696
Financing
€0
Cash 2025
€117,706
From operations (derived)
-€145,967
Net result for the year
-€7,053
Depreciation
+€2,346
Receivables after one year
-€4,000
Stocks and contracts
-€3,000
Receivables within one year
+€2,086
Deferred charges and accrued income
+€1,571
Trade debts
-€7,843
Tax, wage and social debts
-€3,926
Other debts
-€126,644
Accrued charges and deferred income
+€496
Investment (derived)
+€43,696
Investment in fixed assets (net)
-€1,159
Current investments
+€44,855
Cash 2026
€15,435
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,697,769 | €1,552,799 | -€144,970 | -8.5% |
| Fixed assets | 21/28 | €124,097 | €122,910 | -€1,188 | -1.0% |
| Tangible fixed assets | 22/27 | €124,096 | €122,909 | -€1,188 | -1.0% |
| Land and buildings | 22 | €100,157 | €100,157 | = | 0.0% |
| Plant, machinery and equipment | 23 | €20,539 | €20,384 | -€155 | -0.8% |
| Furniture and vehicles | 24 | €3,400 | €2,368 | -€1,032 | -30.4% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €1,573,672 | €1,429,889 | -€143,783 | -9.1% |
| Amounts receivable after more than one year | 29 | €211,104 | €215,104 | +€4,000 | +1.9% |
| Trade receivables | 290 | €211,104 | €215,104 | +€4,000 | +1.9% |
| Stocks and contracts in progress | 3 | €1,151,180 | €1,154,180 | +€3,000 | +0.3% |
| Stocks | 30/36 | €1,151,180 | €1,154,180 | +€3,000 | +0.3% |
| Amounts receivable within one year | 40/41 | €2,086 | €0 | -€2,086 | -100.0% |
| Trade receivables | 40 | €1,200 | €0 | -€1,200 | -100.0% |
| Other amounts receivable | 41 | €886 | €0 | -€886 | -100.0% |
| Current investments | 50/53 | €80,105 | €35,250 | -€44,855 | -56.0% |
| Cash at bank and in hand | 54/58 | €117,706 | €15,435 | -€102,271 | -86.9% |
| Deferred charges and accrued income | 490/1 | €11,490 | €9,920 | -€1,571 | -13.7% |
| Total equity and liabilities | 10/49 | €1,697,769 | €1,552,799 | -€144,970 | -8.5% |
| Equity | 10/15 | €1,382,628 | €1,375,575 | -€7,053 | -0.5% |
| Contributions | 10/11 | €999,500 | €999,500 | = | 0.0% |
| Capital | 10 | €999,500 | €999,500 | = | 0.0% |
| Issued capital | 100 | €999,500 | €999,500 | = | 0.0% |
| Reserves | 13 | €348,902 | €348,902 | = | 0.0% |
| Non-distributable reserves | 130/1 | €186,200 | €186,200 | = | 0.0% |
| Legal reserve | 130 | €186,200 | €186,200 | = | 0.0% |
| Distributable reserves | 133 | €162,702 | €162,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,226 | €27,173 | -€7,053 | -20.6% |
| Amounts payable | 17/49 | €315,141 | €177,224 | -€137,917 | -43.8% |
| Amounts payable within one year | 42/48 | €314,254 | €175,841 | -€138,413 | -44.0% |
| Trade debts | 44 | €9,807 | €1,964 | -€7,843 | -80.0% |
| Suppliers | 440/4 | €9,807 | €1,964 | -€7,843 | -80.0% |
| Taxes, remuneration and social security | 45 | €5,253 | €1,326 | -€3,926 | -74.7% |
| Taxes | 450/3 | €5,253 | €1,326 | -€3,926 | -74.7% |
| Other amounts payable | 47/48 | €299,194 | €172,550 | -€126,644 | -42.3% |
| Accrued charges and deferred income | 492/3 | €888 | €1,384 | +€496 | +55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,030 | €2,346 | -€16,684 | -87.7% |
| Other operating charges | 640/8 | €3,982 | €5,906 | +€1,925 | +48.3% |
| Gross operating margin | 9900 | -€48,026 | €6,997 | +€55,023 | |
| Operating profit (loss) | 9901 | -€71,038 | -€1,255 | +€69,783 | +98.2% |
| Financial income | 75/76B | €7,631 | €4,208 | -€3,423 | -44.9% |
| Recurring financial income | 75 | €7,631 | €4,208 | -€3,423 | -44.9% |
| Financial charges | 65/66B | €25,124 | €9,519 | -€15,605 | -62.1% |
| Recurring financial charges | 65 | €25,124 | €9,519 | -€15,605 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | -€88,531 | -€6,566 | +€81,965 | +92.6% |
| Income taxes | 67/77 | -€9,762 | €487 | +€10,249 | |
| Profit (loss) for the period | 9904 | -€78,769 | -€7,053 | +€71,716 | +91.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,769 | -€7,053 | +€71,716 | +91.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.