CMF CAR: 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.
CMF CAR
Largest movements
- Cash +€12,827
up €12,827 (+120.1%), from €10,682 to €23,509
mainly Net result for the year (+€38,275) and Depreciation (+€24,129)
- Tangible fixed assets -€12,463
down €12,463 (-4.0%), from €313,469 to €301,006
of which Land and buildings: -€10,961
- Receivables within one year +€11,952
up €11,952 (+62.6%), from €19,108 to €31,061
of which Other amounts receivable: +€10,746
- Stocks and contracts +€11,252
up €11,252 (+139.1%), from €8,091 to €19,343
- Profit (loss) carried forward +€38,275
up €38,275 (+1570.3%), from €2,437 to €40,712
- Other debts -€9,022
down €9,022 (-77.3%), from €11,674 to €2,652
- Gross operating margin +€31,011
up €31,011 (+61.4%), from €50,534 to €81,545
- Depreciation -€16,045
down €16,045 (-39.9%), from €40,175 to €24,129
- Write-downs -€7,513
down €7,513, from €5,219 to -€2,294
- Staff costs -€3,789
down €3,789 (-17.0%), from €22,299 to €18,510
- Financial income +€2,422
up €2,422 (+17.6%), from €13,781 to €16,203
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 | €615,411 | €641,191 | +€25,781 | +4.2% |
| Fixed assets | 21/28 | €313,569 | €301,106 | -€12,463 | -4.0% |
| Tangible fixed assets | 22/27 | €313,469 | €301,006 | -€12,463 | -4.0% |
| Land and buildings | 22 | €284,508 | €273,547 | -€10,961 | -3.9% |
| Furniture and vehicles | 24 | €15,553 | €15,840 | +€286 | +1.8% |
| Other tangible fixed assets | 26 | €13,407 | €11,619 | -€1,788 | -13.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €301,842 | €340,085 | +€38,244 | +12.7% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €8,091 | €19,343 | +€11,252 | +139.1% |
| Stocks | 30/36 | €8,091 | €19,343 | +€11,252 | +139.1% |
| Amounts receivable within one year | 40/41 | €19,108 | €31,061 | +€11,952 | +62.6% |
| Trade receivables | 40 | €14,934 | €16,140 | +€1,206 | +8.1% |
| Other amounts receivable | 41 | €4,174 | €14,921 | +€10,746 | +257.4% |
| Cash at bank and in hand | 54/58 | €10,682 | €23,509 | +€12,827 | +120.1% |
| Deferred charges and accrued income | 490/1 | €13,960 | €16,173 | +€2,213 | +15.9% |
| Total equity and liabilities | 10/49 | €615,411 | €641,191 | +€25,781 | +4.2% |
| Equity | 10/15 | €307,437 | €345,712 | +€38,275 | +12.4% |
| Contributions | 10/11 | €305,000 | €305,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,437 | €40,712 | +€38,275 | +1570.3% |
| Amounts payable | 17/49 | €307,973 | €295,479 | -€12,494 | -4.1% |
| Amounts payable after more than one year | 17 | €254,357 | €251,934 | -€2,423 | -1.0% |
| Financial debts | 170/4 | €254,357 | €251,934 | -€2,423 | -1.0% |
| Amounts payable within one year | 42/48 | €53,378 | €43,545 | -€9,833 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €11,648 | €14,688 | +€3,039 | +26.1% |
| Trade debts | 44 | €24,369 | €24,008 | -€361 | -1.5% |
| Suppliers | 440/4 | €24,369 | €24,008 | -€361 | -1.5% |
| Taxes, remuneration and social security | 45 | €5,686 | €2,197 | -€3,489 | -61.4% |
| Taxes | 450/3 | €2,385 | €55 | -€2,330 | -97.7% |
| Remuneration and social security | 454/9 | €3,301 | €2,142 | -€1,159 | -35.1% |
| Other amounts payable | 47/48 | €11,674 | €2,652 | -€9,022 | -77.3% |
| Accrued charges and deferred income | 492/3 | €238 | - | -€238 | |
| Remuneration, social security and pensions | 62 | €22,299 | €18,510 | -€3,789 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,175 | €24,129 | -€16,045 | -39.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,219 | -€2,294 | -€7,513 | |
| Other operating charges | 640/8 | €3,099 | €3,851 | +€752 | +24.3% |
| Gross operating margin | 9900 | €50,534 | €81,545 | +€31,011 | +61.4% |
| Operating profit (loss) | 9901 | -€20,257 | €37,349 | +€57,606 | |
| Financial income | 75/76B | €13,781 | €16,203 | +€2,422 | +17.6% |
| Recurring financial income | 75 | €13,781 | €16,203 | +€2,422 | +17.6% |
| Financial charges | 65/66B | €14,679 | €14,677 | -€3 | 0.0% |
| Recurring financial charges | 65 | €14,679 | €14,677 | -€3 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€21,156 | €38,875 | +€60,031 | |
| Income taxes | 67/77 | - | €600 | +€600 | |
| Profit (loss) for the period | 9904 | -€21,156 | €38,275 | +€59,431 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,156 | €38,275 | +€59,431 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.