CMI: what changed
Two financial 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.
CMI
Largest movements
- Tangible fixed assets +€553,154
up €553,154 (+71.7%), from €771,035 to €1.3m
of which Land and buildings: +€488,378
- Cash -€149,877
down €149,877 (-71.5%), from €209,538 to €59,661
mainly Investment in fixed assets (net) (-€616,165) and Receivables within one year (-€23,852)
- Receivables within one year +€23,852
up €23,852 (+4399.2%), from €542 to €24,394
of which Trade receivables: +€17,448
- Debts after one year +€285,542
up €285,542 (+41.9%), from €680,865 to €966,407
of which Financial debts: +€188,252
- Profit (loss) carried forward +€75,436
up €75,436 (+34.4%), from €219,223 to €294,659
- Other debts +€59,890
up €59,890 (+37284.7%), from €161 to €60,051
- Gross operating margin +€57,946
up €57,946 (+45.2%), from €128,316 to €186,262
- Depreciation +€53,981
up €53,981 (+597.8%), from €9,030 to €63,011
- Financial charges +€24,825
up €24,825 (+404.7%), from €6,135 to €30,960
- Taxes -€5,108
down €5,108 (-20.6%), from €24,829 to €19,721
- Financial income +€3,478
up €3,478 (+98.0%), from €3,550 to €7,029
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 | €1,009,118 | €1,461,275 | +€452,157 | +44.8% |
| Fixed assets | 21/28 | €772,535 | €1,325,689 | +€553,154 | +71.6% |
| Tangible fixed assets | 22/27 | €771,035 | €1,324,189 | +€553,154 | +71.7% |
| Land and buildings | 22 | €771,035 | €1,259,413 | +€488,378 | +63.3% |
| Plant, machinery and equipment | 23 | - | €37,739 | +€37,739 | |
| Furniture and vehicles | 24 | - | €27,037 | +€27,037 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €236,583 | €135,586 | -€100,997 | -42.7% |
| Amounts receivable within one year | 40/41 | €542 | €24,394 | +€23,852 | +4399.2% |
| Trade receivables | 40 | - | €17,448 | +€17,448 | |
| Other amounts receivable | 41 | €542 | €6,946 | +€6,404 | +1181.2% |
| Current investments | 50/53 | €25,000 | €37,000 | +€12,000 | +48.0% |
| Cash at bank and in hand | 54/58 | €209,538 | €59,661 | -€149,877 | -71.5% |
| Deferred charges and accrued income | 490/1 | €1,503 | €14,531 | +€13,028 | +866.8% |
| Total equity and liabilities | 10/49 | €1,009,118 | €1,461,275 | +€452,157 | +44.8% |
| Equity | 10/15 | €224,223 | €299,659 | +€75,436 | +33.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €219,223 | €294,659 | +€75,436 | +34.4% |
| Amounts payable | 17/49 | €784,895 | €1,161,616 | +€376,721 | +48.0% |
| Amounts payable after more than one year | 17 | €680,865 | €966,407 | +€285,542 | +41.9% |
| Financial debts | 170/4 | €296,278 | €484,530 | +€188,252 | +63.5% |
| Other amounts payable | 178/9 | €384,587 | €481,877 | +€97,290 | +25.3% |
| Amounts payable within one year | 42/48 | €99,043 | €177,487 | +€78,445 | +79.2% |
| Current portion of amounts payable after more than one year | 42 | €59,581 | €60,508 | +€927 | +1.6% |
| Trade debts | 44 | €3,616 | €15,226 | +€11,609 | +321.0% |
| Suppliers | 440/4 | €3,616 | €15,226 | +€11,609 | +321.0% |
| Taxes, remuneration and social security | 45 | €35,685 | €41,703 | +€6,018 | +16.9% |
| Taxes | 450/3 | €35,685 | €38,943 | +€3,258 | +9.1% |
| Remuneration and social security | 454/9 | - | €2,760 | +€2,760 | |
| Other amounts payable | 47/48 | €161 | €60,051 | +€59,890 | +37284.7% |
| Accrued charges and deferred income | 492/3 | €4,987 | €17,722 | +€12,734 | +255.3% |
| Non-recurring operating income | 76A | €2,774 | €5,571 | +€2,796 | +100.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,030 | €63,011 | +€53,981 | +597.8% |
| Other operating charges | 640/8 | €3,622 | €4,163 | +€541 | +14.9% |
| Gross operating margin | 9900 | €128,316 | €186,262 | +€57,946 | +45.2% |
| Operating profit (loss) | 9901 | €115,664 | €119,087 | +€3,424 | +3.0% |
| Financial income | 75/76B | €3,550 | €7,029 | +€3,478 | +98.0% |
| Recurring financial income | 75 | €3,550 | €7,029 | +€3,478 | +98.0% |
| Financial charges | 65/66B | €6,135 | €30,960 | +€24,825 | +404.7% |
| Recurring financial charges | 65 | €6,135 | €30,960 | +€24,825 | +404.7% |
| Profit (loss) for the period before taxes | 9903 | €113,079 | €95,156 | -€17,923 | -15.8% |
| Income taxes | 67/77 | €24,829 | €19,721 | -€5,108 | -20.6% |
| Profit (loss) for the period | 9904 | €88,251 | €75,436 | -€12,815 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €88,251 | €75,436 | -€12,815 | -14.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.