CMF LAS: 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.
CMF LAS
Largest movements
- Receivables within one year +€47,801
up €47,801 (+1696.5%), from €2,818 to €50,619
of which Other amounts receivable: +€50,619
- Deferred charges and accrued income +€31,993
up €31,993 (+900.5%), from €3,553 to €35,546
- Tangible fixed assets -€4,063
down €4,063 (-45.8%), from €8,877 to €4,814
of which Furniture and vehicles: -€6,342
- Other debts +€107,239
up €107,239 (+403.3%), from €26,591 to €133,829
- Profit (loss) carried forward -€24,095
down €24,095 (-100.0%), from €24,095 to €0
- Tax, wage and social debts -€9,379
down €9,379 (-91.5%), from €10,255 to €876
- Gross operating margin +€96,411
up €96,411 (+177.6%), from €54,276 to €150,686
- Taxes +€23,516
up €23,516 (+229.3%), from €10,255 to €33,771
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 | €66,065 | €141,034 | +€74,969 | +113.5% |
| Fixed assets | 21/28 | €8,877 | €4,814 | -€4,063 | -45.8% |
| Tangible fixed assets | 22/27 | €8,877 | €4,814 | -€4,063 | -45.8% |
| Plant, machinery and equipment | 23 | €721 | €0 | -€721 | -100.0% |
| Furniture and vehicles | 24 | €8,156 | €1,814 | -€6,342 | -77.8% |
| Other tangible fixed assets | 26 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €57,188 | €136,220 | +€79,032 | +138.2% |
| Amounts receivable within one year | 40/41 | €2,818 | €50,619 | +€47,801 | +1696.5% |
| Trade receivables | 40 | €2,818 | €0 | -€2,818 | -100.0% |
| Other amounts receivable | 41 | - | €50,619 | +€50,619 | |
| Cash at bank and in hand | 54/58 | €50,818 | €50,055 | -€763 | -1.5% |
| Deferred charges and accrued income | 490/1 | €3,553 | €35,546 | +€31,993 | +900.5% |
| Total equity and liabilities | 10/49 | €66,065 | €141,034 | +€74,969 | +113.5% |
| Equity | 10/15 | €29,095 | €5,000 | -€24,095 | -82.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,095 | €0 | -€24,095 | -100.0% |
| Amounts payable | 17/49 | €36,970 | €136,034 | +€99,064 | +268.0% |
| Amounts payable within one year | 42/48 | €36,846 | €135,969 | +€99,123 | +269.0% |
| Trade debts | 44 | - | €1,264 | +€1,264 | |
| Suppliers | 440/4 | - | €1,264 | +€1,264 | |
| Taxes, remuneration and social security | 45 | €10,255 | €876 | -€9,379 | -91.5% |
| Taxes | 450/3 | €10,255 | €876 | -€9,379 | -91.5% |
| Other amounts payable | 47/48 | €26,591 | €133,829 | +€107,239 | +403.3% |
| Accrued charges and deferred income | 492/3 | €125 | €65 | -€59 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,211 | €7,063 | -€148 | -2.1% |
| Other operating charges | 640/8 | €874 | €734 | -€140 | -16.0% |
| Gross operating margin | 9900 | €54,276 | €150,686 | +€96,411 | +177.6% |
| Operating profit (loss) | 9901 | €46,191 | €142,890 | +€96,699 | +209.3% |
| Financial income | 75/76B | €344 | €1,203 | +€859 | +250.0% |
| Recurring financial income | 75 | €344 | €1,203 | +€859 | +250.0% |
| Financial charges | 65/66B | €237 | €587 | +€350 | +147.3% |
| Recurring financial charges | 65 | €237 | €587 | +€350 | +147.3% |
| Profit (loss) for the period before taxes | 9903 | €46,297 | €143,506 | +€97,208 | +210.0% |
| Income taxes | 67/77 | €10,255 | €33,771 | +€23,516 | +229.3% |
| Profit (loss) for the period | 9904 | €36,042 | €109,735 | +€73,692 | +204.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,042 | €109,735 | +€73,692 | +204.5% |
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 5 October 2026 via checked.be.