CMD CONSTRUCT: what changed
Two financial 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.
CMD CONSTRUCT
Largest movements
- Receivables within one year +€168,367
up €168,367 (+34.9%), from €482,406 to €650,773
of which Trade receivables: +€209,751
- Tangible fixed assets -€106,545
down €106,545 (-24.5%), from €435,692 to €329,147
of which Furniture and vehicles: -€88,591
- Trade debts +€59,923
up €59,923 (+14.5%), from €414,228 to €474,150
- Other debts +€35,743
up €35,743 (+357%), from €10,000 to €45,743
- Debts after one year -€34,054
down €34,054 (-12.9%), from €264,615 to €230,561
- Gross operating margin -€28,341
down €28,341 (-13.8%), from €205,029 to €176,688
- Depreciation -€26,334
down €26,334 (-25.5%), from €103,163 to €76,829
- Staff costs +€9,467
up €9,467 (+13.9%), from €67,989 to €77,456
- Financial charges +€8,482
up €8,482 (+350%), from €2,422 to €10,904
- Taxes -€3,591
down €3,591 (-53.8%), from €6,669 to €3,078
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €928,694 | €989,248 | +€60,554 | +6.5% |
| Fixed assets | 21/28 | €435,742 | €329,197 | -€106,545 | -24.5% |
| Tangible fixed assets | 22/27 | €435,692 | €329,147 | -€106,545 | -24.5% |
| Land and buildings | 22 | €285,076 | €269,253 | -€15,823 | -5.6% |
| Plant, machinery and equipment | 23 | €3,894 | €1,763 | -€2,131 | -54.7% |
| Furniture and vehicles | 24 | €146,722 | €58,131 | -€88,591 | -60.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €492,953 | €660,051 | +€167,099 | +33.9% |
| Amounts receivable within one year | 40/41 | €482,406 | €650,773 | +€168,367 | +34.9% |
| Trade receivables | 40 | €411,389 | €621,140 | +€209,751 | +51.0% |
| Other amounts receivable | 41 | €71,017 | €29,633 | -€41,385 | -58.3% |
| Cash at bank and in hand | 54/58 | €10,546 | €3,477 | -€7,069 | -67.0% |
| Deferred charges and accrued income | 490/1 | - | €5,801 | +€5,801 | |
| Total equity and liabilities | 10/49 | €928,694 | €989,248 | +€60,554 | +6.5% |
| Equity | 10/15 | €173,029 | €176,595 | +€3,565 | +2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,538 | €2,538 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,538 | €2,538 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,538 | €2,538 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,292 | €167,857 | +€3,565 | +2.2% |
| Amounts payable | 17/49 | €755,665 | €812,654 | +€56,989 | +7.5% |
| Amounts payable after more than one year | 17 | €264,615 | €230,561 | -€34,054 | -12.9% |
| Financial debts | 170/4 | €264,615 | €230,561 | -€34,054 | -12.9% |
| Amounts payable within one year | 42/48 | €489,228 | €580,271 | +€91,043 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €54,261 | €50,584 | -€3,677 | -6.8% |
| Financial debts | 43 | - | €6,443 | +€6,443 | |
| Credit institutions | 430/8 | - | €6,443 | +€6,443 | |
| Trade debts | 44 | €414,228 | €474,150 | +€59,923 | +14.5% |
| Suppliers | 440/4 | €414,228 | €474,150 | +€59,923 | +14.5% |
| Taxes, remuneration and social security | 45 | €10,740 | €3,351 | -€7,389 | -68.8% |
| Taxes | 450/3 | €5,743 | - | -€5,743 | |
| Remuneration and social security | 454/9 | €4,996 | €3,351 | -€1,646 | -32.9% |
| Other amounts payable | 47/48 | €10,000 | €45,743 | +€35,743 | +357% |
| Accrued charges and deferred income | 492/3 | €1,822 | €1,822 | = | 0.0% |
| Non-recurring operating income | 76A | €24,866 | €49,180 | +€24,314 | +97.8% |
| Remuneration, social security and pensions | 62 | €67,989 | €77,456 | +€9,467 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,163 | €76,829 | -€26,334 | -25.5% |
| Other operating charges | 640/8 | €3,420 | €4,489 | +€1,068 | +31.2% |
| Non-recurring operating charges | 66A | - | €368 | +€368 | |
| Gross operating margin | 9900 | €205,029 | €176,688 | -€28,341 | -13.8% |
| Operating profit (loss) | 9901 | €30,456 | €17,548 | -€12,909 | -42.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,422 | €10,904 | +€8,482 | +350% |
| Recurring financial charges | 65 | €2,422 | €10,904 | +€8,482 | +350% |
| Profit (loss) for the period before taxes | 9903 | €28,034 | €6,644 | -€21,391 | -76.3% |
| Income taxes | 67/77 | €6,669 | €3,078 | -€3,591 | -53.8% |
| Profit (loss) for the period | 9904 | €21,365 | €3,565 | -€17,800 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,365 | €3,565 | -€17,800 | -83.3% |
Source: filed annual accounts (NBB), financial years ended 30 November 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.