CMC COULEE: 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 COULEE
Largest movements
- Tangible fixed assets -€78,625
down €78,625 (-6.7%), from €1.2m to €1.1m
- Other debts -€70,597
down €70,597 (-25.6%), from €275,243 to €204,646
- Debts after one year -€37,637
down €37,637 (-36.3%), from €103,575 to €65,938
of which Financial debts: -€39,037
- Profit (loss) carried forward +€13,796
up €13,796, from -€7,112 to €6,685
- Gross operating margin -€33,655
down €33,655 (-21.1%), from €159,726 to €126,071
- Depreciation -€14,576
down €14,576 (-17.9%), from €81,531 to €66,955
- Taxes +€7,277
up €7,277 (+191.4%), from €3,802 to €11,080
- Financial charges -€1,830
down €1,830 (-23.1%), from €7,927 to €6,097
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 | €1,218,081 | €1,135,152 | -€82,929 | -6.8% |
| Fixed assets | 21/28 | €1,165,691 | €1,087,066 | -€78,625 | -6.7% |
| Tangible fixed assets | 22/27 | €1,165,691 | €1,087,066 | -€78,625 | -6.7% |
| Land and buildings | 22 | €1,004,944 | €974,722 | -€30,222 | -3.0% |
| Plant, machinery and equipment | 23 | €114,178 | €96,755 | -€17,423 | -15.3% |
| Furniture and vehicles | 24 | €46,568 | €15,588 | -€30,980 | -66.5% |
| Current assets | 29/58 | €52,390 | €48,086 | -€4,304 | -8.2% |
| Amounts receivable within one year | 40/41 | €24,391 | €24,083 | -€308 | -1.3% |
| Trade receivables | 40 | €24,391 | €24,083 | -€308 | -1.3% |
| Cash at bank and in hand | 54/58 | €28,000 | €24,004 | -€3,996 | -14.3% |
| Total equity and liabilities | 10/49 | €1,218,081 | €1,135,152 | -€82,929 | -6.8% |
| Equity | 10/15 | €701,888 | €715,685 | +€13,796 | +2.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €684,000 | €684,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,112 | €6,685 | +€13,796 | |
| Amounts payable | 17/49 | €516,193 | €419,468 | -€96,725 | -18.7% |
| Amounts payable after more than one year | 17 | €103,575 | €65,938 | -€37,637 | -36.3% |
| Financial debts | 170/4 | €103,575 | €64,538 | -€39,037 | -37.7% |
| Other amounts payable | 178/9 | - | €1,400 | +€1,400 | |
| Amounts payable within one year | 42/48 | €412,618 | €353,530 | -€59,088 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €40,925 | €39,037 | -€1,888 | -4.6% |
| Financial debts | 43 | €80,000 | €80,000 | = | 0.0% |
| Credit institutions | 430/8 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €11,063 | €13,096 | +€2,033 | +18.4% |
| Suppliers | 440/4 | €11,063 | €13,096 | +€2,033 | +18.4% |
| Taxes, remuneration and social security | 45 | €5,386 | €16,751 | +€11,364 | +211.0% |
| Taxes | 450/3 | €5,386 | €16,751 | +€11,364 | +211.0% |
| Other amounts payable | 47/48 | €275,243 | €204,646 | -€70,597 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,531 | €66,955 | -€14,576 | -17.9% |
| Other operating charges | 640/8 | €29,105 | €28,148 | -€957 | -3.3% |
| Gross operating margin | 9900 | €159,726 | €126,071 | -€33,655 | -21.1% |
| Operating profit (loss) | 9901 | €49,090 | €30,969 | -€18,121 | -36.9% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €7,927 | €6,097 | -€1,830 | -23.1% |
| Recurring financial charges | 65 | €7,927 | €6,097 | -€1,830 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €41,163 | €24,876 | -€16,287 | -39.6% |
| Income taxes | 67/77 | €3,802 | €11,080 | +€7,277 | +191.4% |
| Profit (loss) for the period | 9904 | €37,361 | €13,796 | -€23,564 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,361 | €13,796 | -€23,564 | -63.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.