CMD TRADE GROUP: 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 TRADE GROUP
Largest movements
- Cash -€7,544
down €7,544 (-42.7%), from €17,671 to €10,127
mainly Other debts (-€8,598) and Stocks and contracts (-€5,451)
- Stocks and contracts +€5,451
up €5,451 (+31.0%), from €17,600 to €23,050
- Receivables within one year +€2,413
up €2,413 (+9363.5%), from €26 to €2,439
of which Other amounts receivable: +€1,441
- Tangible fixed assets +€1,382
up €1,382 (+177.6%), from €778 to €2,160
of which Plant, machinery and equipment: +€1,712
- Profit (loss) carried forward +€9,203
up €9,203 (+30.6%), from €30,074 to €39,277
- Other debts -€8,598
no longer reported in 2025 (was €8,598)
- Tax, wage and social debts +€3,199
up €3,199 (+55.2%), from €5,800 to €8,999
- Trade debts -€2,102
no longer reported in 2025 (was €2,102)
- Gross operating margin +€1,894
up €1,894 (+15.5%), from €12,255 to €14,149
- Depreciation +€966
up €966 (+435.5%), from €222 to €1,188
- Other operating charges +€799
new in 2025: €799
- Taxes -€648
down €648 (-22.0%), from €2,949 to €2,301
- Financial charges +€423
up €423 (+177.3%), from €239 to €662
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 | €49,074 | €50,776 | +€1,702 | +3.5% |
| Fixed assets | 21/28 | €13,778 | €15,160 | +€1,382 | +10.0% |
| Tangible fixed assets | 22/27 | €778 | €2,160 | +€1,382 | +177.6% |
| Plant, machinery and equipment | 23 | - | €1,712 | +€1,712 | |
| Furniture and vehicles | 24 | €778 | €448 | -€330 | -42.4% |
| Financial fixed assets | 28 | €13,000 | €13,000 | = | 0.0% |
| Current assets | 29/58 | €35,296 | €35,616 | +€320 | +0.9% |
| Stocks and contracts in progress | 3 | €17,600 | €23,050 | +€5,451 | +31.0% |
| Stocks | 30/36 | €17,600 | €23,050 | +€5,451 | +31.0% |
| Amounts receivable within one year | 40/41 | €26 | €2,439 | +€2,413 | +9363.5% |
| Trade receivables | 40 | - | €972 | +€972 | |
| Other amounts receivable | 41 | €26 | €1,467 | +€1,441 | +5591.1% |
| Cash at bank and in hand | 54/58 | €17,671 | €10,127 | -€7,544 | -42.7% |
| Total equity and liabilities | 10/49 | €49,074 | €50,776 | +€1,702 | +3.5% |
| Equity | 10/15 | €32,574 | €41,777 | +€9,203 | +28.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,074 | €39,277 | +€9,203 | +30.6% |
| Amounts payable | 17/49 | €16,500 | €8,999 | -€7,501 | -45.5% |
| Amounts payable within one year | 42/48 | €16,500 | €8,999 | -€7,501 | -45.5% |
| Trade debts | 44 | €2,102 | - | -€2,102 | |
| Suppliers | 440/4 | €2,102 | - | -€2,102 | |
| Taxes, remuneration and social security | 45 | €5,800 | €8,999 | +€3,199 | +55.2% |
| Taxes | 450/3 | €5,800 | €8,999 | +€3,199 | +55.2% |
| Other amounts payable | 47/48 | €8,598 | - | -€8,598 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222 | €1,188 | +€966 | +435.5% |
| Other operating charges | 640/8 | - | €799 | +€799 | |
| Gross operating margin | 9900 | €12,255 | €14,149 | +€1,894 | +15.5% |
| Operating profit (loss) | 9901 | €12,034 | €12,162 | +€128 | +1.1% |
| Financial income | 75/76B | €1 | €3 | +€3 | +461.7% |
| Recurring financial income | 75 | €1 | €3 | +€3 | +461.7% |
| Financial charges | 65/66B | €239 | €662 | +€423 | +177.3% |
| Recurring financial charges | 65 | €239 | €662 | +€423 | +177.3% |
| Profit (loss) for the period before taxes | 9903 | €11,796 | €11,504 | -€292 | -2.5% |
| Income taxes | 67/77 | €2,949 | €2,301 | -€648 | -22.0% |
| Profit (loss) for the period | 9904 | €8,847 | €9,203 | +€356 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,847 | €9,203 | +€356 | +4.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.