CMHT: 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.
CMHT
Largest movements
- Stocks and contracts -€20,714
down €20,714 (-36.0%), from €57,468 to €36,754
- Receivables within one year -€3,709
down €3,709 (-13.6%), from €27,293 to €23,583
of which Trade receivables: -€2,114
- Cash -€2,805
down €2,805 (-57.8%), from €4,850 to €2,045
mainly Net result for the year (-€22,363) and Advances received (-€13,123)
- Profit (loss) carried forward -€22,363
down €22,363 (-5.4%), from -€413,485 to -€435,848
- Advances received -€13,123
down €13,123 (-100.0%), from €13,123 to €0
- Other debts +€3,792
up €3,792 (+6.0%), from €63,388 to €67,180
- Trade debts +€2,728
up €2,728 (+10.2%), from €26,680 to €29,408
- Gross operating margin -€37,193
down €37,193, from €21,027 to -€16,167
- Other operating charges +€2,394
up €2,394 (+246.3%), from €972 to €3,366
- Financial charges +€1,376
up €1,376 (+887.7%), from €155 to €1,531
- Staff costs -€378
down €378, from €345 to -€33
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 | €113,407 | €84,188 | -€29,219 | -25.8% |
| Formation expenses | 20 | €741 | €0 | -€741 | -100.0% |
| Fixed assets | 21/28 | €979 | €329 | -€650 | -66.4% |
| Intangible fixed assets | 21 | €979 | €329 | -€650 | -66.4% |
| Current assets | 29/58 | €111,687 | €83,858 | -€27,828 | -24.9% |
| Stocks and contracts in progress | 3 | €57,468 | €36,754 | -€20,714 | -36.0% |
| Stocks | 30/36 | €57,468 | €36,754 | -€20,714 | -36.0% |
| Amounts receivable within one year | 40/41 | €27,293 | €23,583 | -€3,709 | -13.6% |
| Trade receivables | 40 | €24,446 | €22,332 | -€2,114 | -8.6% |
| Other amounts receivable | 41 | €2,846 | €1,251 | -€1,595 | -56.0% |
| Cash at bank and in hand | 54/58 | €4,850 | €2,045 | -€2,805 | -57.8% |
| Deferred charges and accrued income | 490/1 | €22,076 | €21,476 | -€600 | -2.7% |
| Total equity and liabilities | 10/49 | €113,407 | €84,188 | -€29,219 | -25.8% |
| Equity | 10/15 | €9,963 | -€12,400 | -€22,363 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €413,448 | €413,448 | = | 0.0% |
| Tax-exempt reserves | 132 | €413,448 | €413,448 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€413,485 | -€435,848 | -€22,363 | -5.4% |
| Amounts payable | 17/49 | €103,444 | €96,588 | -€6,856 | -6.6% |
| Amounts payable within one year | 42/48 | €103,444 | €96,588 | -€6,856 | -6.6% |
| Trade debts | 44 | €26,680 | €29,408 | +€2,728 | +10.2% |
| Suppliers | 440/4 | €26,680 | €29,408 | +€2,728 | +10.2% |
| Advances received on contracts in progress | 46 | €13,123 | €0 | -€13,123 | -100.0% |
| Taxes, remuneration and social security | 45 | €254 | €0 | -€254 | -100.0% |
| Taxes | 450/3 | €254 | €0 | -€254 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €63,388 | €67,180 | +€3,792 | +6.0% |
| Non-recurring operating income | 76A | €0 | €1,807 | +€1,807 | |
| Remuneration, social security and pensions | 62 | €345 | -€33 | -€378 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,397 | €1,391 | -€6 | -0.4% |
| Other operating charges | 640/8 | €972 | €3,366 | +€2,394 | +246.3% |
| Gross operating margin | 9900 | €21,027 | -€16,167 | -€37,193 | |
| Operating profit (loss) | 9901 | €18,313 | -€20,890 | -€39,203 | |
| Financial income | 75/76B | €145 | €59 | -€86 | -59.6% |
| Recurring financial income | 75 | €145 | €59 | -€86 | -59.6% |
| Financial charges | 65/66B | €155 | €1,531 | +€1,376 | +887.7% |
| Recurring financial charges | 65 | €155 | €1,531 | +€1,376 | +887.7% |
| Profit (loss) for the period before taxes | 9903 | €18,303 | -€22,363 | -€40,666 | |
| Profit (loss) for the period | 9904 | €18,303 | -€22,363 | -€40,666 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €18,303 | -€22,363 | -€40,666 |
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 8 October 2026 via checked.be.