CMG Holdings: what changed
What changed
CMG Holdings
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€678,303
2023 · €91,933+€586,370
Equity
€776,630
2023 · €98,327+€678,303
Cash
€100,199
2023 · €64,061+€36,138
Balance sheet total
€1.1m
2023 · €282,379+€853,685
Largest movements
Assets
- Current investments +€350,000
new in 2024: €350,000
- Receivables within one year +€330,455
up €330,455 (+228%), from €145,189 to €475,644
of which Trade receivables: +€332,288
- Financial fixed assets +€132,514
up €132,514 (+825%), from €16,057 to €148,571
- Cash +€36,138
up €36,138 (+56.4%), from €64,061 to €100,199
mainly Net result for the year (+€678,303) and Tax, wage and social debts (+€138,206)
Equity and liabilities
- Reserves +€678,303
up €678,303 (+747%), from €90,827 to €769,130
of which Distributable reserves: +€442,543
- Tax, wage and social debts +€138,206
up €138,206 (+439%), from €31,496 to €169,702
- Other debts +€42,458
up €42,458 (+41.9%), from €101,259 to €143,718
Income statement
- Gross operating margin +€786,817
up €786,817 (+619%), from €127,147 to €913,964
- Taxes +€193,011
up €193,011 (+796%), from €24,252 to €217,263
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
€91,933
Gross operating margin
+€786,817
Depreciation
-€8,210
Other operating charges
+€1,784
Financial income
+€5,198
Financial charges
-€6,208
Taxes
-€193,011
Result 2024
€678,303
raises the resultlowers the result
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
+€545,773
Investment
-€500,069
Financing
-€9,566
Cash 2023
€64,061
From operations (derived)
+€545,773
Net result for the year
+€678,303
Depreciation
+€13,225
Receivables within one year
-€330,455
Smaller working-capital items
-€805
Tax, wage and social debts
+€138,206
Other debts
+€42,458
Accrued charges and deferred income
+€4,839
Investment (derived)
-€500,069
Investment in fixed assets (net)
-€150,069
Current investments
-€350,000
Financing
-€9,566
Debts after one year
-€9,925
Current portion of long-term debt
+€359
Cash 2024
€100,199
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €282,379 | €1,136,064 | +€853,685 | +302% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €71,334 | €208,177 | +€136,844 | +192% |
| Tangible fixed assets | 22/27 | €55,277 | €59,607 | +€4,330 | +7.8% |
| Furniture and vehicles | 24 | €55,277 | €59,607 | +€4,330 | +7.8% |
| Financial fixed assets | 28 | €16,057 | €148,571 | +€132,514 | +825% |
| Current assets | 29/58 | €211,045 | €927,886 | +€716,841 | +340% |
| Amounts receivable within one year | 40/41 | €145,189 | €475,644 | +€330,455 | +228% |
| Trade receivables | 40 | €143,356 | €475,644 | +€332,288 | +232% |
| Other amounts receivable | 41 | €1,833 | €0 | -€1,833 | -100% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €64,061 | €100,199 | +€36,138 | +56.4% |
| Deferred charges and accrued income | 490/1 | €1,795 | €2,044 | +€248 | +13.8% |
| Total equity and liabilities | 10/49 | €282,379 | €1,136,064 | +€853,685 | +302% |
| Equity | 10/15 | €98,327 | €776,630 | +€678,303 | +690% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €90,827 | €769,130 | +€678,303 | +747% |
| Tax-exempt reserves | 132 | - | €235,760 | +€235,760 | |
| Distributable reserves | 133 | €90,827 | €533,370 | +€442,543 | +487% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €184,051 | €359,433 | +€175,382 | +95.3% |
| Amounts payable after more than one year | 17 | €40,114 | €30,189 | -€9,925 | -24.7% |
| Financial debts | 170/4 | €40,114 | €30,189 | -€9,925 | -24.7% |
| Amounts payable within one year | 42/48 | €143,703 | €324,170 | +€180,467 | +126% |
| Current portion of amounts payable after more than one year | 42 | €9,566 | €9,925 | +€359 | +3.8% |
| Trade debts | 44 | €1,382 | €826 | -€556 | -40.3% |
| Suppliers | 440/4 | €1,382 | €826 | -€556 | -40.3% |
| Taxes, remuneration and social security | 45 | €31,496 | €169,702 | +€138,206 | +439% |
| Taxes | 450/3 | €31,496 | €169,702 | +€138,206 | +439% |
| Other amounts payable | 47/48 | €101,259 | €143,718 | +€42,458 | +41.9% |
| Accrued charges and deferred income | 492/3 | €235 | €5,074 | +€4,839 | +2,059% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,015 | €13,225 | +€8,210 | +164% |
| Other operating charges | 640/8 | €6,975 | €5,191 | -€1,784 | -25.6% |
| Gross operating margin | 9900 | €127,147 | €913,964 | +€786,817 | +619% |
| Operating profit (loss) | 9901 | €115,156 | €895,548 | +€780,391 | +678% |
| Financial income | 75/76B | €1,702 | €6,900 | +€5,198 | +305% |
| Recurring financial income | 75 | €1,702 | €6,900 | +€5,198 | +305% |
| Financial charges | 65/66B | €673 | €6,881 | +€6,208 | +922% |
| Recurring financial charges | 65 | €673 | €6,881 | +€6,208 | +922% |
| Profit (loss) for the period before taxes | 9903 | €116,185 | €895,566 | +€779,381 | +671% |
| Income taxes | 67/77 | €24,252 | €217,263 | +€193,011 | +796% |
| Profit (loss) for the period | 9904 | €91,933 | €678,303 | +€586,370 | +638% |
| Transfer to tax-exempt reserves | 689 | - | €235,760 | +€235,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €91,933 | €442,543 | +€350,610 | +381% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.