CMF CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Tangible fixed assets -€27,024
down €27,024 (-6.7%), from €405,651 to €378,627
of which Furniture and vehicles: -€15,966
- Cash +€22,304
up €22,304 (+347%), from €6,429 to €28,733
mainly Depreciation (+€27,024) and Net result for the year (+€24,446)
- Profit (loss) carried forward +€24,446
up €24,446 (+10.5%), from €233,851 to €258,298
- Trade debts -€20,417
down €20,417 (-20.0%), from €101,931 to €81,515
- Debts after one year -€18,507
down €18,507 (-9.0%), from €206,206 to €187,699
- Tax, wage and social debts +€10,070
up €10,070 (+13.0%), from €77,367 to €87,437
of which Taxes: +€8,752
- Gross operating margin +€23,654
up €23,654 (+29.1%), from €81,172 to €104,825
- Taxes +€13,028
up €13,028 (+376%), from €3,469 to €16,497
- Other operating charges -€7,451
down €7,451 (-24.4%), from €30,548 to €23,096
- Financial charges +€1,504
up €1,504 (+12.4%), from €12,136 to €13,640
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.
Derived cash bridge
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 | €676,683 | €673,358 | -€3,325 | -0.5% |
| Fixed assets | 21/28 | €405,651 | €378,627 | -€27,024 | -6.7% |
| Tangible fixed assets | 22/27 | €405,651 | €378,627 | -€27,024 | -6.7% |
| Land and buildings | 22 | €348,386 | €342,779 | -€5,607 | -1.6% |
| Plant, machinery and equipment | 23 | €9,349 | €3,898 | -€5,451 | -58.3% |
| Furniture and vehicles | 24 | €47,916 | €31,950 | -€15,966 | -33.3% |
| Current assets | 29/58 | €271,033 | €294,732 | +€23,699 | +8.7% |
| Amounts receivable within one year | 40/41 | €256,484 | €254,419 | -€2,065 | -0.8% |
| Trade receivables | 40 | €246,493 | €241,075 | -€5,418 | -2.2% |
| Other amounts receivable | 41 | €9,992 | €13,345 | +€3,353 | +33.6% |
| Cash at bank and in hand | 54/58 | €6,429 | €28,733 | +€22,304 | +347% |
| Deferred charges and accrued income | 490/1 | €8,119 | €11,579 | +€3,460 | +42.6% |
| Total equity and liabilities | 10/49 | €676,683 | €673,358 | -€3,325 | -0.5% |
| Equity | 10/15 | €254,311 | €278,758 | +€24,446 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €233,851 | €258,298 | +€24,446 | +10.5% |
| Amounts payable | 17/49 | €422,372 | €394,601 | -€27,771 | -6.6% |
| Amounts payable after more than one year | 17 | €206,206 | €187,699 | -€18,507 | -9.0% |
| Financial debts | 170/4 | €206,206 | €187,699 | -€18,507 | -9.0% |
| Amounts payable within one year | 42/48 | €216,166 | €206,901 | -€9,265 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €17,761 | €18,507 | +€746 | +4.2% |
| Trade debts | 44 | €101,931 | €81,515 | -€20,417 | -20.0% |
| Suppliers | 440/4 | €101,931 | €81,515 | -€20,417 | -20.0% |
| Taxes, remuneration and social security | 45 | €77,367 | €87,437 | +€10,070 | +13.0% |
| Taxes | 450/3 | €9,089 | €17,842 | +€8,752 | +96.3% |
| Remuneration and social security | 454/9 | €68,278 | €69,596 | +€1,318 | +1.9% |
| Other amounts payable | 47/48 | €19,107 | €19,443 | +€336 | +1.8% |
| Remuneration, social security and pensions | 62 | €9 | €171 | +€162 | +1,808% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,017 | €27,024 | +€1,007 | +3.9% |
| Other operating charges | 640/8 | €30,548 | €23,096 | -€7,451 | -24.4% |
| Gross operating margin | 9900 | €81,172 | €104,825 | +€23,654 | +29.1% |
| Operating profit (loss) | 9901 | €24,598 | €54,534 | +€29,936 | +122% |
| Financial income | 75/76B | €386 | €50 | -€336 | -87.0% |
| Recurring financial income | 75 | €386 | €50 | -€336 | -87.0% |
| Financial charges | 65/66B | €12,136 | €13,640 | +€1,504 | +12.4% |
| Recurring financial charges | 65 | €12,136 | €13,640 | +€1,504 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €12,847 | €40,944 | +€28,096 | +219% |
| Income taxes | 67/77 | €3,469 | €16,497 | +€13,028 | +376% |
| Profit (loss) for the period | 9904 | €9,378 | €24,446 | +€15,068 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €9,378 | €24,446 | +€15,068 | +161% |
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 15 October 2026 via checked.be.