CMC Europe: what changed
What changed
CMC Europe
NACE 46.497, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€87,994
2024 · €104,030-€16,037
Equity
€436,224
2024 · €348,230+€87,994
Cash
€32,589
2024 · €26,785+€5,804
Balance sheet total
€1.1m
2024 · €1.1m-€38,750
Largest movements
Assets
- Receivables within one year -€31,020
down €31,020 (-9.5%), from €327,943 to €296,923
of which Other amounts receivable: -€18,741
Equity and liabilities
- Debts after one year -€88,535
down €88,535 (-44.7%), from €197,942 to €109,408
- Reserves +€87,994
up €87,994 (+29.5%), from €298,230 to €386,224
- Other debts -€20,943
down €20,943 (-20.1%), from €104,303 to €83,360
- Trade debts -€13,257
down €13,257 (-58.9%), from €22,521 to €9,264
Income statement
- Staff costs +€32,878
up €32,878 (+143%), from €23,008 to €55,885
- Financial charges -€13,023
down €13,023 (-46.4%), from €28,049 to €15,026
- Gross operating margin +€9,778
up €9,778 (+4.9%), from €200,996 to €210,774
- Taxes +€6,139
up €6,139 (+17.6%), from €34,912 to €41,051
- Depreciation +€3,011
up €3,011 (+41.2%), from €7,304 to €10,316
Change in the result, 2024 to 2025
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 2024
€104,030
Gross operating margin
+€9,778
Staff costs
-€32,878
Depreciation
-€3,011
Write-downs
+€2,131
Other operating charges
-€446
Other operating items
+€649
Financial income
+€857
Financial charges
+€13,023
Taxes
-€6,139
Result 2025
€87,994
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€98,181
Investment
-€1,790
Financing
-€90,588
Cash 2024
€26,785
From operations (derived)
+€98,181
Net result for the year
+€87,994
Depreciation
+€10,316
Stocks and contracts
+€5,008
Receivables within one year
+€31,020
Trade debts
-€13,257
Tax, wage and social debts
-€1,956
Other debts
-€20,943
Investment (derived)
-€1,790
Investment in fixed assets (net)
-€1,790
Financing
-€90,588
Debts after one year
-€88,535
Current portion of long-term debt
-€2,644
Short-term financial debts
+€591
Cash 2025
€32,589
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,139,542 | €1,100,792 | -€38,750 | -3.4% |
| Fixed assets | 21/28 | €31,611 | €23,085 | -€8,526 | -27.0% |
| Tangible fixed assets | 22/27 | €31,611 | €23,085 | -€8,526 | -27.0% |
| Furniture and vehicles | 24 | €31,611 | €23,085 | -€8,526 | -27.0% |
| Current assets | 29/58 | €1,107,931 | €1,077,706 | -€30,225 | -2.7% |
| Stocks and contracts in progress | 3 | €750,669 | €745,661 | -€5,008 | -0.7% |
| Stocks | 30/36 | €750,669 | €745,661 | -€5,008 | -0.7% |
| Amounts receivable within one year | 40/41 | €327,943 | €296,923 | -€31,020 | -9.5% |
| Trade receivables | 40 | €222,463 | €210,184 | -€12,279 | -5.5% |
| Other amounts receivable | 41 | €105,480 | €86,739 | -€18,741 | -17.8% |
| Cash at bank and in hand | 54/58 | €26,785 | €32,589 | +€5,804 | +21.7% |
| Deferred charges and accrued income | 490/1 | €2,534 | €2,534 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,139,542 | €1,100,792 | -€38,750 | -3.4% |
| Equity | 10/15 | €348,230 | €436,224 | +€87,994 | +25.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €298,230 | €386,224 | +€87,994 | +29.5% |
| Distributable reserves | 133 | €298,230 | €386,224 | +€87,994 | +29.5% |
| Amounts payable | 17/49 | €791,312 | €664,568 | -€126,744 | -16.0% |
| Amounts payable after more than one year | 17 | €197,942 | €109,408 | -€88,535 | -44.7% |
| Financial debts | 170/4 | €197,942 | €109,408 | -€88,535 | -44.7% |
| Amounts payable within one year | 42/48 | €593,369 | €555,160 | -€38,209 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €12,771 | €10,126 | -€2,644 | -20.7% |
| Financial debts | 43 | €427,205 | €427,797 | +€591 | +0.1% |
| Credit institutions | 430/8 | €427,205 | €427,797 | +€591 | +0.1% |
| Trade debts | 44 | €22,521 | €9,264 | -€13,257 | -58.9% |
| Suppliers | 440/4 | €22,521 | €9,264 | -€13,257 | -58.9% |
| Taxes, remuneration and social security | 45 | €26,569 | €24,614 | -€1,956 | -7.4% |
| Taxes | 450/3 | €20,865 | €11,533 | -€9,331 | -44.7% |
| Remuneration and social security | 454/9 | €5,705 | €13,080 | +€7,376 | +129% |
| Other amounts payable | 47/48 | €104,303 | €83,360 | -€20,943 | -20.1% |
| Remuneration, social security and pensions | 62 | €23,008 | €55,885 | +€32,878 | +143% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,304 | €10,316 | +€3,011 | +41.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,131 | - | -€2,131 | |
| Other operating charges | 640/8 | €1,266 | €1,712 | +€446 | +35.3% |
| Non-recurring operating charges | 66A | €649 | - | -€649 | |
| Gross operating margin | 9900 | €200,996 | €210,774 | +€9,778 | +4.9% |
| Operating profit (loss) | 9901 | €166,638 | €142,861 | -€23,777 | -14.3% |
| Financial income | 75/76B | €353 | €1,210 | +€857 | +243% |
| Recurring financial income | 75 | €353 | €1,210 | +€857 | +243% |
| Financial charges | 65/66B | €28,049 | €15,026 | -€13,023 | -46.4% |
| Recurring financial charges | 65 | €28,049 | €15,026 | -€13,023 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €138,942 | €129,044 | -€9,898 | -7.1% |
| Income taxes | 67/77 | €34,912 | €41,051 | +€6,139 | +17.6% |
| Profit (loss) for the period | 9904 | €104,030 | €87,994 | -€16,037 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €104,030 | €87,994 | -€16,037 | -15.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.