CMDPS: 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.
CMDPS
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Receivables within one year +€74,500
up €74,500 (+3823.0%), from €1,949 to €76,449
of which Trade receivables: +€74,500
- Cash -€63,853
down €63,853 (-32.6%), from €196,151 to €132,298
mainly Current investments (-€100,000) and Receivables within one year (-€74,500)
- Tangible fixed assets -€47,268
down €47,268 (-2.7%), from €1.7m to €1.7m
- Profit (loss) carried forward +€47,009
up €47,009 (+48.7%), from €96,446 to €143,455
- Gross operating margin +€4,134
up €4,134 (+3.7%), from €110,595 to €114,729
- Other operating charges +€1,439
up €1,439 (+75.7%), from €1,902 to €3,341
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 | €1,949,940 | €2,007,426 | +€57,486 | +2.9% |
| Formation expenses | 20 | €3,877 | €2,900 | -€977 | -25.2% |
| Fixed assets | 21/28 | €1,738,133 | €1,690,865 | -€47,268 | -2.7% |
| Tangible fixed assets | 22/27 | €1,738,133 | €1,690,865 | -€47,268 | -2.7% |
| Land and buildings | 22 | €1,738,133 | €1,690,865 | -€47,268 | -2.7% |
| Current assets | 29/58 | €207,929 | €313,662 | +€105,732 | +50.9% |
| Amounts receivable within one year | 40/41 | €1,949 | €76,449 | +€74,500 | +3823.0% |
| Trade receivables | 40 | - | €74,500 | +€74,500 | |
| Other amounts receivable | 41 | €1,949 | €1,949 | = | 0.0% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €196,151 | €132,298 | -€63,853 | -32.6% |
| Deferred charges and accrued income | 490/1 | €9,830 | €4,915 | -€4,915 | -50.0% |
| Total equity and liabilities | 10/49 | €1,949,940 | €2,007,426 | +€57,486 | +2.9% |
| Equity | 10/15 | €1,946,446 | €1,993,455 | +€47,009 | +2.4% |
| Contributions | 10/11 | €1,850,000 | €1,850,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,446 | €143,455 | +€47,009 | +48.7% |
| Amounts payable | 17/49 | €3,494 | €13,971 | +€10,477 | +299.8% |
| Amounts payable within one year | 42/48 | €3,494 | €13,971 | +€10,477 | +299.8% |
| Trade debts | 44 | - | €593 | +€593 | |
| Suppliers | 440/4 | - | €593 | +€593 | |
| Taxes, remuneration and social security | 45 | - | €5,958 | +€5,958 | |
| Taxes | 450/3 | - | €5,958 | +€5,958 | |
| Other amounts payable | 47/48 | €3,494 | €7,421 | +€3,927 | +112.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,246 | €48,246 | = | 0.0% |
| Other operating charges | 640/8 | €1,902 | €3,341 | +€1,439 | +75.7% |
| Gross operating margin | 9900 | €110,595 | €114,729 | +€4,134 | +3.7% |
| Operating profit (loss) | 9901 | €60,448 | €63,142 | +€2,694 | +4.5% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €161 | €190 | +€29 | +18.0% |
| Recurring financial charges | 65 | €161 | €190 | +€29 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €60,286 | €62,967 | +€2,681 | +4.4% |
| Income taxes | 67/77 | €15,551 | €15,958 | +€406 | +2.6% |
| Profit (loss) for the period | 9904 | €44,735 | €47,009 | +€2,274 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,735 | €47,009 | +€2,274 | +5.1% |
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 8 October 2026 via checked.be.