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.
CMC
Largest movements
- Tangible fixed assets -€93,472
down €93,472 (-12.3%), from €757,749 to €664,277
of which Land and buildings: -€72,227
- Cash -€39,962
down €39,962 (-51.2%), from €77,988 to €38,026
mainly Debts after one year (-€167,227) and Current portion of long-term debt (-€46,178)
- Debts after one year -€167,227
down €167,227 (-34.7%), from €481,303 to €314,076
- Reserves +€75,031
up €75,031 (+47.7%), from €157,449 to €232,481
of which Tax-exempt reserves: +€47,644
- Current portion of long-term debt -€46,178
down €46,178 (-37.3%), from €123,908 to €77,730
- Provisions +€11,911
new in 2025: €11,911
- Depreciation -€32,664
down €32,664 (-37.9%), from €86,184 to €53,520
- Staff costs -€23,261
down €23,261 (-9.8%), from €238,237 to €214,975
- Gross operating margin -€4,925
down €4,925 (-1.2%), from €397,653 to €392,728
- Taxes +€4,405
up €4,405 (+63.1%), from €6,985 to €11,390
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.
Cash bridge derived
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 | €890,268 | €758,626 | -€131,641 | -14.8% |
| Fixed assets | 21/28 | €757,999 | €664,527 | -€93,472 | -12.3% |
| Tangible fixed assets | 22/27 | €757,749 | €664,277 | -€93,472 | -12.3% |
| Land and buildings | 22 | €543,825 | €471,598 | -€72,227 | -13.3% |
| Plant, machinery and equipment | 23 | €31,582 | €30,514 | -€1,068 | -3.4% |
| Furniture and vehicles | 24 | €99,374 | €90,071 | -€9,303 | -9.4% |
| Leasing and similar rights | 25 | €82,967 | €72,093 | -€10,873 | -13.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €132,269 | €94,100 | -€38,169 | -28.9% |
| Stocks and contracts in progress | 3 | €32,983 | €31,802 | -€1,181 | -3.6% |
| Stocks | 30/36 | €32,983 | €31,802 | -€1,181 | -3.6% |
| Amounts receivable within one year | 40/41 | €11,950 | €13,772 | +€1,822 | +15.2% |
| Trade receivables | 40 | €11,025 | €12,198 | +€1,173 | +10.6% |
| Other amounts receivable | 41 | €926 | €1,574 | +€648 | +70.1% |
| Cash at bank and in hand | 54/58 | €77,988 | €38,026 | -€39,962 | -51.2% |
| Deferred charges and accrued income | 490/1 | €9,347 | €10,499 | +€1,152 | +12.3% |
| Total equity and liabilities | 10/49 | €890,268 | €758,626 | -€131,641 | -14.8% |
| Equity | 10/15 | €176,049 | €251,081 | +€75,031 | +42.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,449 | €232,481 | +€75,031 | +47.7% |
| Tax-exempt reserves | 132 | - | €47,644 | +€47,644 | |
| Distributable reserves | 133 | €157,449 | €184,836 | +€27,387 | +17.4% |
| Provisions and deferred taxes | 16 | - | €11,911 | +€11,911 | |
| Deferred taxes | 168 | - | €11,911 | +€11,911 | |
| Amounts payable | 17/49 | €714,218 | €495,635 | -€218,584 | -30.6% |
| Amounts payable after more than one year | 17 | €481,303 | €314,076 | -€167,227 | -34.7% |
| Financial debts | 170/4 | €481,303 | €314,076 | -€167,227 | -34.7% |
| Amounts payable within one year | 42/48 | €231,714 | €181,379 | -€50,334 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €123,908 | €77,730 | -€46,178 | -37.3% |
| Trade debts | 44 | €59,509 | €52,012 | -€7,498 | -12.6% |
| Suppliers | 440/4 | €59,509 | €52,012 | -€7,498 | -12.6% |
| Taxes, remuneration and social security | 45 | €42,410 | €46,744 | +€4,334 | +10.2% |
| Taxes | 450/3 | €12,457 | €14,253 | +€1,795 | +14.4% |
| Remuneration and social security | 454/9 | €29,952 | €32,491 | +€2,539 | +8.5% |
| Other amounts payable | 47/48 | €5,887 | €4,894 | -€992 | -16.9% |
| Accrued charges and deferred income | 492/3 | €1,201 | €179 | -€1,023 | -85.1% |
| Non-recurring operating income | 76A | - | €59,555 | +€59,555 | |
| Remuneration, social security and pensions | 62 | €238,237 | €214,975 | -€23,261 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,184 | €53,520 | -€32,664 | -37.9% |
| Other operating charges | 640/8 | €2,979 | €3,767 | +€788 | +26.5% |
| Gross operating margin | 9900 | €397,653 | €392,728 | -€4,925 | -1.2% |
| Operating profit (loss) | 9901 | €70,254 | €120,466 | +€50,212 | +71.5% |
| Financial income | 75/76B | €499 | €615 | +€116 | +23.2% |
| Recurring financial income | 75 | €499 | €615 | +€116 | +23.2% |
| Financial charges | 65/66B | €23,433 | €22,748 | -€685 | -2.9% |
| Recurring financial charges | 65 | €23,433 | €22,748 | -€685 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €47,319 | €98,333 | +€51,013 | +107.8% |
| Transfer to deferred taxes | 680 | - | €11,911 | +€11,911 | |
| Income taxes | 67/77 | €6,985 | €11,390 | +€4,405 | +63.1% |
| Profit (loss) for the period | 9904 | €40,334 | €75,031 | +€34,697 | +86.0% |
| Transfer to tax-exempt reserves | 689 | - | €47,644 | +€47,644 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,334 | €27,387 | -€12,947 | -32.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.