CMG: what changed
What changed
CMG
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€3,577
2023 · €13,813-€10,236
Equity
€181,117
2023 · €177,540+€3,577
Cash
€2,656
2023 · €51,173-€48,517
Balance sheet total
€1.6m
2023 · €1.7m-€48,821
Largest movements
Assets
- Cash -€48,517
down €48,517 (-94.8%), from €51,173 to €2,656
mainly Other debts (-€37,984) and Receivables within one year (-€36,671)
- Tangible fixed assets -€36,913
down €36,913 (-5.8%), from €632,921 to €596,008
of which Assets under construction and advance payments: -€106,056
- Receivables within one year +€36,671
up €36,671 (+9.2%), from €397,393 to €434,064
of which Trade receivables: +€18,641
Equity and liabilities
- Other debts -€37,984
down €37,984 (-17.3%), from €220,194 to €182,210
- Debts after one year -€28,813
down €28,813 (-2.5%), from €1.1m to €1.1m
- Tax, wage and social debts +€27,757
up €27,757 (+240%), from €11,544 to €39,302
Income statement
- Financial charges +€15,439
up €15,439 (+41.8%), from €36,961 to €52,400
- Gross operating margin +€12,821
up €12,821 (+12.7%), from €100,630 to €113,452
- Depreciation +€10,769
up €10,769 (+41.2%), from €26,145 to €36,913
- Write-downs +€6,414
new in 2024: €6,414
- Taxes -€5,715
down €5,715 (-59.8%), from €9,549 to €3,834
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€13,813
Gross operating margin
+€12,821
Depreciation
-€10,769
Write-downs
-€6,414
Other operating charges
-€1,522
Other operating items
+€5,372
Financial income
-€0
Financial charges
-€15,439
Taxes
+€5,715
Result 2024
€3,577
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€20,687
Investment
€0
Financing
-€27,830
Cash 2023
€51,173
From operations (derived)
-€20,687
Net result for the year
+€3,577
Depreciation
+€36,913
Receivables within one year
-€36,671
Deferred charges and accrued income
+€62
Trade debts
-€14,584
Tax, wage and social debts
+€27,757
Other debts
-€37,984
Accrued charges and deferred income
+€243
Financing
-€27,830
Debts after one year
-€28,813
Current portion of long-term debt
-€1,869
Short-term financial debts
+€2,852
Cash 2024
€2,656
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,693,290 | €1,644,469 | -€48,821 | -2.9% |
| Fixed assets | 21/28 | €1,233,541 | €1,196,628 | -€36,913 | -3.0% |
| Tangible fixed assets | 22/27 | €632,921 | €596,008 | -€36,913 | -5.8% |
| Land and buildings | 22 | €524,414 | €570,103 | +€45,689 | +8.7% |
| Plant, machinery and equipment | 23 | €1,807 | €1,346 | -€461 | -25.5% |
| Furniture and vehicles | 24 | €644 | €24,558 | +€23,915 | +3,715% |
| Assets under construction and advance payments | 27 | €106,056 | €0 | -€106,056 | -100% |
| Financial fixed assets | 28 | €600,620 | €600,620 | = | 0.0% |
| Current assets | 29/58 | €459,748 | €447,841 | -€11,908 | -2.6% |
| Amounts receivable within one year | 40/41 | €397,393 | €434,064 | +€36,671 | +9.2% |
| Trade receivables | 40 | €100,993 | €119,634 | +€18,641 | +18.5% |
| Other amounts receivable | 41 | €296,400 | €314,430 | +€18,030 | +6.1% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,173 | €2,656 | -€48,517 | -94.8% |
| Deferred charges and accrued income | 490/1 | €1,182 | €1,121 | -€62 | -5.2% |
| Total equity and liabilities | 10/49 | €1,693,290 | €1,644,469 | -€48,821 | -2.9% |
| Equity | 10/15 | €177,540 | €181,117 | +€3,577 | +2.0% |
| Contributions | 10/11 | €118,953 | €118,953 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,587 | €62,164 | +€3,577 | +6.1% |
| Amounts payable | 17/49 | €1,515,750 | €1,463,352 | -€52,398 | -3.5% |
| Amounts payable after more than one year | 17 | €1,144,557 | €1,115,743 | -€28,813 | -2.5% |
| Financial debts | 170/4 | €1,144,557 | €1,115,743 | -€28,813 | -2.5% |
| Amounts payable within one year | 42/48 | €371,193 | €347,366 | -€23,828 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €121,238 | €119,369 | -€1,869 | -1.5% |
| Financial debts | 43 | €1,768 | €4,620 | +€2,852 | +161% |
| Credit institutions | 430/8 | €1,768 | €4,620 | +€2,852 | +161% |
| Trade debts | 44 | €16,448 | €1,864 | -€14,584 | -88.7% |
| Suppliers | 440/4 | €16,448 | €1,864 | -€14,584 | -88.7% |
| Taxes, remuneration and social security | 45 | €11,544 | €39,302 | +€27,757 | +240% |
| Taxes | 450/3 | €11,544 | €39,302 | +€27,757 | +240% |
| Other amounts payable | 47/48 | €220,194 | €182,210 | -€37,984 | -17.3% |
| Accrued charges and deferred income | 492/3 | - | €243 | +€243 | |
| Non-recurring operating income | 76A | €247 | - | -€247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,145 | €36,913 | +€10,769 | +41.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,414 | +€6,414 | |
| Other operating charges | 640/8 | €6,163 | €7,685 | +€1,522 | +24.7% |
| Non-recurring operating charges | 66A | €8,000 | €2,628 | -€5,372 | -67.1% |
| Gross operating margin | 9900 | €100,630 | €113,452 | +€12,821 | +12.7% |
| Operating profit (loss) | 9901 | €60,323 | €59,811 | -€512 | -0.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €36,961 | €52,400 | +€15,439 | +41.8% |
| Recurring financial charges | 65 | €36,961 | €52,400 | +€15,439 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €23,362 | €7,411 | -€15,951 | -68.3% |
| Income taxes | 67/77 | €9,549 | €3,834 | -€5,715 | -59.8% |
| Profit (loss) for the period | 9904 | €13,813 | €3,577 | -€10,236 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,813 | €3,577 | -€10,236 | -74.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.