CMH: what changed
What changed
CMH
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€50,650
2024 · €116,846-€66,196
Equity
€685,535
2024 · €634,885+€50,650
Cash
€327,039
2024 · €429,568-€102,529
Balance sheet total
€5.8m
2024 · €5.2m+€530,242
Largest movements
Assets
- Stocks and contracts +€440,079
up €440,079 (+184%), from €239,101 to €679,180
- Tangible fixed assets +€106,086
up €106,086 (+3.7%), from €2.9m to €3.0m
of which Land and buildings: +€109,391
- Cash -€102,529
down €102,529 (-23.9%), from €429,568 to €327,039
mainly Stocks and contracts (-€440,079) and Debts after one year (-€393,942)
- Receivables within one year +€68,171
up €68,171 (+4.0%), from €1.7m to €1.8m
of which Trade receivables: +€224,225
Equity and liabilities
- Trade debts +€961,846
up €961,846 (+299%), from €321,285 to €1.3m
- Debts after one year -€393,942
down €393,942 (-13.0%), from €3.0m to €2.6m
- Other debts -€110,527
down €110,527 (-46.7%), from €236,878 to €126,352
Income statement
- Financial income -€69,673
down €69,673 (-57.9%), from €120,250 to €50,577
of which Non-recurring financial income: -€65,806
- Staff costs +€33,599
up €33,599 (+20.8%), from €161,186 to €194,784
- Gross operating margin +€32,204
up €32,204 (+6.3%), from €513,523 to €545,727
- Other operating charges -€21,433
down €21,433 (-37.3%), from €57,443 to €36,010
- Depreciation +€18,627
up €18,627 (+10.5%), from €178,122 to €196,749
Change in the result, 2024 to 2025
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 2024
€116,846
Gross operating margin
+€32,204
Staff costs
-€33,599
Depreciation
-€18,627
Other operating charges
+€21,433
Financial income
-€69,673
Financial charges
-€13,630
Taxes
+€15,695
Result 2025
€50,650
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€608,591
Investment
-€302,835
Financing
-€408,285
Cash 2024
€429,568
From operations (derived)
+€608,591
Net result for the year
+€50,650
Depreciation
+€196,749
Stocks and contracts
-€440,079
Receivables within one year
-€68,171
Deferred charges and accrued income
-€18,435
Trade debts
+€961,846
Tax, wage and social debts
+€4,544
Other debts
-€110,527
Accrued charges and deferred income
+€32,014
Investment (derived)
-€302,835
Investment in fixed assets (net)
-€302,835
Financing
-€408,285
Debts after one year
-€393,942
Current portion of long-term debt
-€14,343
Cash 2025
€327,039
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,249,601 | €5,779,843 | +€530,242 | +10.1% |
| Fixed assets | 21/28 | €2,876,487 | €2,982,573 | +€106,086 | +3.7% |
| Tangible fixed assets | 22/27 | €2,876,487 | €2,982,573 | +€106,086 | +3.7% |
| Land and buildings | 22 | €2,819,023 | €2,928,414 | +€109,391 | +3.9% |
| Plant, machinery and equipment | 23 | €41,312 | €37,197 | -€4,115 | -10.0% |
| Furniture and vehicles | 24 | €16,152 | €16,963 | +€811 | +5.0% |
| Current assets | 29/58 | €2,373,114 | €2,797,269 | +€424,156 | +17.9% |
| Stocks and contracts in progress | 3 | €239,101 | €679,180 | +€440,079 | +184% |
| Stocks | 30/36 | €239,101 | €679,180 | +€440,079 | +184% |
| Amounts receivable within one year | 40/41 | €1,702,307 | €1,770,478 | +€68,171 | +4.0% |
| Trade receivables | 40 | €553,224 | €777,449 | +€224,225 | +40.5% |
| Other amounts receivable | 41 | €1,149,083 | €993,029 | -€156,055 | -13.6% |
| Cash at bank and in hand | 54/58 | €429,568 | €327,039 | -€102,529 | -23.9% |
| Deferred charges and accrued income | 490/1 | €2,138 | €20,573 | +€18,435 | +862% |
| Total equity and liabilities | 10/49 | €5,249,601 | €5,779,843 | +€530,242 | +10.1% |
| Equity | 10/15 | €634,885 | €685,535 | +€50,650 | +8.0% |
| Contributions | 10/11 | €61,000 | €61,000 | = | 0.0% |
| Reserves | 13 | €573,885 | €624,535 | +€50,650 | +8.8% |
| Non-distributable reserves | 130/1 | €6,927 | - | -€6,927 | |
| Reserves not available under the articles | 1311 | €6,927 | - | -€6,927 | |
| Distributable reserves | 133 | €566,958 | €624,535 | +€57,577 | +10.2% |
| Amounts payable | 17/49 | €4,614,716 | €5,094,308 | +€479,592 | +10.4% |
| Amounts payable after more than one year | 17 | €3,041,453 | €2,647,511 | -€393,942 | -13.0% |
| Financial debts | 170/4 | €3,041,453 | €2,647,511 | -€393,942 | -13.0% |
| Amounts payable within one year | 42/48 | €1,037,760 | €1,879,280 | +€841,520 | +81.1% |
| Current portion of amounts payable after more than one year | 42 | €433,285 | €418,942 | -€14,343 | -3.3% |
| Trade debts | 44 | €321,285 | €1,283,131 | +€961,846 | +299% |
| Suppliers | 440/4 | €321,285 | €1,283,131 | +€961,846 | +299% |
| Taxes, remuneration and social security | 45 | €46,311 | €50,855 | +€4,544 | +9.8% |
| Taxes | 450/3 | €29,115 | €31,494 | +€2,380 | +8.2% |
| Remuneration and social security | 454/9 | €17,196 | €19,360 | +€2,164 | +12.6% |
| Other amounts payable | 47/48 | €236,878 | €126,352 | -€110,527 | -46.7% |
| Accrued charges and deferred income | 492/3 | €535,503 | €567,516 | +€32,014 | +6.0% |
| Remuneration, social security and pensions | 62 | €161,186 | €194,784 | +€33,599 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,122 | €196,749 | +€18,627 | +10.5% |
| Other operating charges | 640/8 | €57,443 | €36,010 | -€21,433 | -37.3% |
| Gross operating margin | 9900 | €513,523 | €545,727 | +€32,204 | +6.3% |
| Operating profit (loss) | 9901 | €116,773 | €118,183 | +€1,411 | +1.2% |
| Financial income | 75/76B | €120,250 | €50,577 | -€69,673 | -57.9% |
| Recurring financial income | 75 | €6,427 | €2,560 | -€3,867 | -60.2% |
| Non-recurring financial income | 76B | €113,823 | €48,017 | -€65,806 | -57.8% |
| Financial charges | 65/66B | €92,548 | €106,177 | +€13,630 | +14.7% |
| Recurring financial charges | 65 | €92,548 | €106,177 | +€13,630 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €144,475 | €62,583 | -€81,891 | -56.7% |
| Income taxes | 67/77 | €27,629 | €11,933 | -€15,695 | -56.8% |
| Profit (loss) for the period | 9904 | €116,846 | €50,650 | -€66,196 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €116,846 | €50,650 | -€66,196 | -56.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.