CMG: 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.
CMG
Largest movements
- Tangible fixed assets +€40,879
up €40,879 (+119.6%), from €34,189 to €75,068
of which Furniture and vehicles: +€42,725
- Stocks and contracts +€4,472
up €4,472 (+22.2%), from €20,144 to €24,616
- Reserves +€38,829
up €38,829 (+42.1%), from €92,245 to €131,074
of which Distributable reserves: +€38,829
- Debts after one year +€15,196
up €15,196 (+478.9%), from €3,173 to €18,369
- Current portion of long-term debt +€10,974
up €10,974 (+504.1%), from €2,177 to €13,151
- Tax, wage and social debts -€10,951
down €10,951 (-20.7%), from €53,029 to €42,078
of which Taxes: -€11,894
- Other debts -€7,996
down €7,996 (-42.4%), from €18,861 to €10,865
- Staff costs -€5,496
down €5,496 (-2.5%), from €222,537 to €217,041
- Depreciation +€4,226
up €4,226 (+27.1%), from €15,596 to €19,822
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 | €199,180 | €246,197 | +€47,017 | +23.6% |
| Fixed assets | 21/28 | €34,189 | €75,068 | +€40,879 | +119.6% |
| Tangible fixed assets | 22/27 | €34,189 | €75,068 | +€40,879 | +119.6% |
| Plant, machinery and equipment | 23 | €2,629 | €1,589 | -€1,040 | -39.6% |
| Furniture and vehicles | 24 | €10,710 | €53,435 | +€42,725 | +398.9% |
| Other tangible fixed assets | 26 | €20,850 | €20,044 | -€806 | -3.9% |
| Current assets | 29/58 | €164,991 | €171,129 | +€6,138 | +3.7% |
| Stocks and contracts in progress | 3 | €20,144 | €24,616 | +€4,472 | +22.2% |
| Stocks | 30/36 | €20,144 | €24,616 | +€4,472 | +22.2% |
| Amounts receivable within one year | 40/41 | €11,947 | €12,316 | +€369 | +3.1% |
| Trade receivables | 40 | €6,208 | €9,350 | +€3,142 | +50.6% |
| Other amounts receivable | 41 | €5,739 | €2,966 | -€2,773 | -48.3% |
| Cash at bank and in hand | 54/58 | €130,635 | €129,699 | -€936 | -0.7% |
| Deferred charges and accrued income | 490/1 | €2,265 | €4,498 | +€2,233 | +98.6% |
| Total equity and liabilities | 10/49 | €199,180 | €246,197 | +€47,017 | +23.6% |
| Equity | 10/15 | €110,446 | €149,275 | +€38,829 | +35.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €92,245 | €131,074 | +€38,829 | +42.1% |
| Non-distributable reserves | 130/1 | €992 | €992 | = | 0.0% |
| Reserves not available under the articles | 1311 | €992 | €992 | = | 0.0% |
| Distributable reserves | 133 | €91,253 | €130,082 | +€38,829 | +42.6% |
| Profit (loss) carried forward | 14 | -€391 | -€391 | = | 0.0% |
| Amounts payable | 17/49 | €88,734 | €96,922 | +€8,188 | +9.2% |
| Amounts payable after more than one year | 17 | €3,173 | €18,369 | +€15,196 | +478.9% |
| Financial debts | 170/4 | €3,173 | €18,369 | +€15,196 | +478.9% |
| Amounts payable within one year | 42/48 | €85,561 | €78,553 | -€7,008 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €2,177 | €13,151 | +€10,974 | +504.1% |
| Trade debts | 44 | €11,494 | €12,459 | +€965 | +8.4% |
| Suppliers | 440/4 | €11,494 | €12,459 | +€965 | +8.4% |
| Taxes, remuneration and social security | 45 | €53,029 | €42,078 | -€10,951 | -20.7% |
| Taxes | 450/3 | €25,757 | €13,863 | -€11,894 | -46.2% |
| Remuneration and social security | 454/9 | €27,272 | €28,215 | +€943 | +3.5% |
| Other amounts payable | 47/48 | €18,861 | €10,865 | -€7,996 | -42.4% |
| Remuneration, social security and pensions | 62 | €222,537 | €217,041 | -€5,496 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,596 | €19,822 | +€4,226 | +27.1% |
| Other operating charges | 640/8 | €1,461 | €2,995 | +€1,534 | +105.0% |
| Gross operating margin | 9900 | €300,409 | €300,862 | +€453 | +0.2% |
| Operating profit (loss) | 9901 | €60,815 | €61,004 | +€189 | +0.3% |
| Financial charges | 65/66B | €1,253 | €2,141 | +€888 | +70.9% |
| Recurring financial charges | 65 | €1,253 | €2,141 | +€888 | +70.9% |
| Profit (loss) for the period before taxes | 9903 | €59,562 | €58,863 | -€699 | -1.2% |
| Income taxes | 67/77 | €19,262 | €20,034 | +€772 | +4.0% |
| Profit (loss) for the period | 9904 | €40,300 | €38,829 | -€1,471 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,300 | €38,829 | -€1,471 | -3.7% |
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 2 October 2026 via checked.be.