CMDGA: 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.
CMDGA
Largest movements
- Receivables within one year -€42,609
down €42,609 (-58.2%), from €73,270 to €30,661
- Cash +€18,224
up €18,224 (+75.2%), from €24,225 to €42,449
mainly Receivables within one year (+€42,609) and Depreciation (+€16,503)
- Tangible fixed assets -€12,662
down €12,662 (-16.6%), from €76,455 to €63,793
of which Furniture and vehicles: -€15,208
- Deferred charges and accrued income +€12,048
up €12,048 (+171.6%), from €7,020 to €19,067
- Debts after one year -€14,660
down €14,660 (-24.1%), from €60,779 to €46,119
- Reserves -€9,197
down €9,197 (-9.3%), from €99,010 to €89,813
- Other operating charges +€45,529
up €45,529 (+37018.4%), from €123 to €45,652
- Gross operating margin -€17,140
down €17,140 (-24.7%), from €69,413 to €52,274
- Taxes -€14,892
down €14,892 (-99.2%), from €15,012 to €120
- Depreciation +€13,362
up €13,362 (+425.3%), from €3,141 to €16,503
- Financial charges +€2,383
up €2,383 (+606.8%), from €393 to €2,776
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 | €180,969 | €155,970 | -€24,999 | -13.8% |
| Fixed assets | 21/28 | €76,455 | €63,793 | -€12,662 | -16.6% |
| Tangible fixed assets | 22/27 | €76,455 | €63,793 | -€12,662 | -16.6% |
| Plant, machinery and equipment | 23 | €839 | €2,193 | +€1,354 | +161.4% |
| Furniture and vehicles | 24 | €73,664 | €58,457 | -€15,208 | -20.6% |
| Other tangible fixed assets | 26 | €1,951 | €3,143 | +€1,192 | +61.1% |
| Current assets | 29/58 | €104,515 | €92,177 | -€12,338 | -11.8% |
| Amounts receivable within one year | 40/41 | €73,270 | €30,661 | -€42,609 | -58.2% |
| Other amounts receivable | 41 | €73,270 | €30,661 | -€42,609 | -58.2% |
| Cash at bank and in hand | 54/58 | €24,225 | €42,449 | +€18,224 | +75.2% |
| Deferred charges and accrued income | 490/1 | €7,020 | €19,067 | +€12,048 | +171.6% |
| Total equity and liabilities | 10/49 | €180,969 | €155,970 | -€24,999 | -13.8% |
| Equity | 10/15 | €103,010 | €93,813 | -€9,197 | -8.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €99,010 | €89,813 | -€9,197 | -9.3% |
| Distributable reserves | 133 | €99,010 | €89,813 | -€9,197 | -9.3% |
| Amounts payable | 17/49 | €77,959 | €62,157 | -€15,802 | -20.3% |
| Amounts payable after more than one year | 17 | €60,779 | €46,119 | -€14,660 | -24.1% |
| Financial debts | 170/4 | €60,779 | €46,119 | -€14,660 | -24.1% |
| Amounts payable within one year | 42/48 | €17,180 | €16,038 | -€1,142 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €14,108 | €14,660 | +€552 | +3.9% |
| Trade debts | 44 | €2,060 | €658 | -€1,402 | -68.1% |
| Suppliers | 440/4 | €2,060 | €658 | -€1,402 | -68.1% |
| Taxes, remuneration and social security | 45 | €1,012 | €720 | -€292 | -28.9% |
| Taxes | 450/3 | €1,012 | €720 | -€292 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,141 | €16,503 | +€13,362 | +425.3% |
| Other operating charges | 640/8 | €123 | €45,652 | +€45,529 | +37018.4% |
| Gross operating margin | 9900 | €69,413 | €52,274 | -€17,140 | -24.7% |
| Operating profit (loss) | 9901 | €66,149 | -€9,881 | -€76,030 | |
| Financial income | 75/76B | €2,732 | €3,580 | +€848 | +31.0% |
| Recurring financial income | 75 | €2,732 | €3,580 | +€848 | +31.0% |
| Financial charges | 65/66B | €393 | €2,776 | +€2,383 | +606.8% |
| Recurring financial charges | 65 | €393 | €2,776 | +€2,383 | +606.8% |
| Profit (loss) for the period before taxes | 9903 | €68,488 | -€9,077 | -€77,565 | |
| Income taxes | 67/77 | €15,012 | €120 | -€14,892 | -99.2% |
| Profit (loss) for the period | 9904 | €53,475 | -€9,197 | -€62,673 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,475 | -€9,197 | -€62,673 |
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 3 October 2026 via checked.be.