CMDS: 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.
CMDS
Largest movements
- Receivables within one year +€126,467
up €126,467 (+84.1%), from €150,412 to €276,879
of which Trade receivables: +€103,574
- Cash -€42,070
down €42,070 (-30.7%), from €137,043 to €94,973
mainly Receivables within one year (-€126,467) and Contributions, distributions and other (-€15,000)
- Tangible fixed assets -€24,750
down €24,750 (-53.5%), from €46,256 to €21,506
- Intangible fixed assets -€8,700
down €8,700 (-79.9%), from €10,887 to €2,187
- Trade debts +€39,561
up €39,561 (+33.1%), from €119,483 to €159,044
- Other debts +€15,000
up €15,000 (+18.2%), from €82,500 to €97,500
- Profit (loss) carried forward +€11,604
up €11,604 (+14.4%), from €80,790 to €92,394
- Accrued charges and deferred income -€5,786
down €5,786 (-100.0%), from €5,786 to €0
- Tax, wage and social debts -€5,258
down €5,258 (-7.5%), from €69,702 to €64,443
of which Taxes: -€7,976
- Gross operating margin +€70,164
up €70,164 (+30.5%), from €230,366 to €300,530
- Staff costs +€44,378
up €44,378 (+24.5%), from €181,348 to €225,726
- Financial charges -€4,320
down €4,320 (-36.0%), from €11,987 to €7,667
- Taxes +€3,564
up €3,564 (+809981.8%), from €0 to €3,564
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.
Cash bridge derived
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 | €363,761 | €418,882 | +€55,121 | +15.2% |
| Fixed assets | 21/28 | €57,403 | €24,312 | -€33,092 | -57.6% |
| Intangible fixed assets | 21 | €10,887 | €2,187 | -€8,700 | -79.9% |
| Tangible fixed assets | 22/27 | €46,256 | €21,506 | -€24,750 | -53.5% |
| Plant, machinery and equipment | 23 | €46,256 | €21,506 | -€24,750 | -53.5% |
| Financial fixed assets | 28 | €260 | €619 | +€359 | +137.9% |
| Current assets | 29/58 | €306,358 | €394,570 | +€88,212 | +28.8% |
| Stocks and contracts in progress | 3 | €18,903 | €22,500 | +€3,597 | +19.0% |
| Stocks | 30/36 | €18,903 | €22,500 | +€3,597 | +19.0% |
| Amounts receivable within one year | 40/41 | €150,412 | €276,879 | +€126,467 | +84.1% |
| Trade receivables | 40 | €127,851 | €231,425 | +€103,574 | +81.0% |
| Other amounts receivable | 41 | €22,561 | €45,454 | +€22,893 | +101.5% |
| Cash at bank and in hand | 54/58 | €137,043 | €94,973 | -€42,070 | -30.7% |
| Deferred charges and accrued income | 490/1 | €0 | €218 | +€218 | |
| Total equity and liabilities | 10/49 | €363,761 | €418,882 | +€55,121 | +15.2% |
| Equity | 10/15 | €86,290 | €97,894 | +€11,604 | +13.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,790 | €92,394 | +€11,604 | +14.4% |
| Amounts payable | 17/49 | €277,471 | €320,987 | +€43,517 | +15.7% |
| Amounts payable within one year | 42/48 | €271,685 | €320,987 | +€49,302 | +18.1% |
| Trade debts | 44 | €119,483 | €159,044 | +€39,561 | +33.1% |
| Suppliers | 440/4 | €119,483 | €159,044 | +€39,561 | +33.1% |
| Taxes, remuneration and social security | 45 | €69,702 | €64,443 | -€5,258 | -7.5% |
| Taxes | 450/3 | €58,663 | €50,687 | -€7,976 | -13.6% |
| Remuneration and social security | 454/9 | €11,039 | €13,756 | +€2,718 | +24.6% |
| Other amounts payable | 47/48 | €82,500 | €97,500 | +€15,000 | +18.2% |
| Accrued charges and deferred income | 492/3 | €5,786 | €0 | -€5,786 | -100.0% |
| Remuneration, social security and pensions | 62 | €181,348 | €225,726 | +€44,378 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,595 | €33,450 | +€1,855 | +5.9% |
| Other operating charges | 640/8 | €5,342 | €3,519 | -€1,824 | -34.1% |
| Gross operating margin | 9900 | €230,366 | €300,530 | +€70,164 | +30.5% |
| Operating profit (loss) | 9901 | €12,080 | €37,835 | +€25,755 | +213.2% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €11,987 | €7,667 | -€4,320 | -36.0% |
| Recurring financial charges | 65 | €11,987 | €7,667 | -€4,320 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €103 | €30,169 | +€30,066 | +29281.2% |
| Income taxes | 67/77 | €0 | €3,564 | +€3,564 | +809981.8% |
| Profit (loss) for the period | 9904 | €102 | €26,604 | +€26,502 | +25921.3% |
| Profit (loss) for the period to be appropriated | 9905 | €102 | €26,604 | +€26,502 | +25921.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.