CMG Performance: 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 Performance
Largest movements
- Cash +€11,197
up €11,197 (+25.6%), from €43,728 to €54,925
mainly Net result for the year (+€10,693) and Depreciation (+€3,762)
- Tangible fixed assets -€3,762
down €3,762 (-35.1%), from €10,714 to €6,952
of which Plant, machinery and equipment: -€2,849
- Reserves +€10,693
up €10,693 (+36.4%), from €29,376 to €40,069
- Trade debts -€2,114
down €2,114 (-64.8%), from €3,262 to €1,147
- Other debts -€902
down €902 (-8.7%), from €10,396 to €9,494
- Gross operating margin +€13,918
up €13,918 (+204.7%), from €6,800 to €20,718
- Taxes +€3,309
up €3,309 (+293.2%), from €1,129 to €4,437
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 | €54,806 | €62,541 | +€7,735 | +14.1% |
| Fixed assets | 21/28 | €10,714 | €6,952 | -€3,762 | -35.1% |
| Tangible fixed assets | 22/27 | €10,714 | €6,952 | -€3,762 | -35.1% |
| Plant, machinery and equipment | 23 | €8,305 | €5,456 | -€2,849 | -34.3% |
| Furniture and vehicles | 24 | €2,409 | €1,496 | -€913 | -37.9% |
| Current assets | 29/58 | €44,091 | €55,588 | +€11,497 | +26.1% |
| Amounts receivable within one year | 40/41 | - | €278 | +€278 | |
| Other amounts receivable | 41 | - | €278 | +€278 | |
| Cash at bank and in hand | 54/58 | €43,728 | €54,925 | +€11,197 | +25.6% |
| Deferred charges and accrued income | 490/1 | €363 | €385 | +€22 | +6.1% |
| Total equity and liabilities | 10/49 | €54,806 | €62,541 | +€7,735 | +14.1% |
| Equity | 10/15 | €34,376 | €45,069 | +€10,693 | +31.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,376 | €40,069 | +€10,693 | +36.4% |
| Distributable reserves | 133 | €29,376 | €40,069 | +€10,693 | +36.4% |
| Amounts payable | 17/49 | €20,430 | €17,471 | -€2,958 | -14.5% |
| Amounts payable within one year | 42/48 | €20,430 | €17,471 | -€2,958 | -14.5% |
| Trade debts | 44 | €3,262 | €1,147 | -€2,114 | -64.8% |
| Suppliers | 440/4 | €3,262 | €1,147 | -€2,114 | -64.8% |
| Taxes, remuneration and social security | 45 | €6,772 | €6,830 | +€58 | +0.9% |
| Taxes | 450/3 | €6,772 | €6,830 | +€58 | +0.9% |
| Other amounts payable | 47/48 | €10,396 | €9,494 | -€902 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,762 | €3,762 | = | 0.0% |
| Other operating charges | 640/8 | €480 | €589 | +€109 | +22.6% |
| Gross operating margin | 9900 | €6,800 | €20,718 | +€13,918 | +204.7% |
| Operating profit (loss) | 9901 | €2,558 | €16,368 | +€13,810 | +539.9% |
| Financial charges | 65/66B | €1,256 | €1,237 | -€19 | -1.5% |
| Recurring financial charges | 65 | €1,256 | €1,237 | -€19 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €1,302 | €15,131 | +€13,829 | +1062.0% |
| Income taxes | 67/77 | €1,129 | €4,437 | +€3,309 | +293.2% |
| Profit (loss) for the period | 9904 | €173 | €10,693 | +€10,520 | +6064.4% |
| Profit (loss) for the period to be appropriated | 9905 | €173 | €10,693 | +€10,520 | +6064.4% |
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 4 October 2026 via checked.be.