CMM: 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.
CMM
Largest movements
- Cash +€20,113
new in 2025: €20,113
mainly Net result for the year (+€34,293) and Tax, wage and social debts (+€6,195)
- Tangible fixed assets +€8,421
up €8,421 (+585.6%), from €1,438 to €9,859
- Deferred charges and accrued income +€7,967
up €7,967 (+43.4%), from €18,350 to €26,317
- Receivables within one year +€5,236
up €5,236 (+13.9%), from €37,694 to €42,930
of which Other amounts receivable: +€21,007
- Profit (loss) carried forward +€34,293
up €34,293, from -€1,328 to €32,965
- Tax, wage and social debts +€6,195
up €6,195 (+82.3%), from €7,531 to €13,726
of which Taxes: +€5,946
- Debts after one year +€4,495
new in 2025: €4,495
- Short-term financial debts -€4,208
down €4,208 (-86.1%), from €4,889 to €681
of which Credit institutions: -€4,889
- Current portion of long-term debt +€1,389
new in 2025: €1,389
- Gross operating margin +€86,150
up €86,150 (+186.5%), from €46,194 to €132,344
- Staff costs +€2,209
up €2,209 (+2.6%), from €85,850 to €88,059
- Other operating charges +€1,549
up €1,549 (+26.6%), from €5,817 to €7,366
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 | €58,632 | €100,369 | +€41,737 | +71.2% |
| Fixed assets | 21/28 | €2,588 | €11,009 | +€8,421 | +325.4% |
| Tangible fixed assets | 22/27 | €1,438 | €9,859 | +€8,421 | +585.6% |
| Plant, machinery and equipment | 23 | €1,438 | €9,859 | +€8,421 | +585.6% |
| Financial fixed assets | 28 | €1,150 | €1,150 | = | 0.0% |
| Current assets | 29/58 | €56,044 | €89,360 | +€33,316 | +59.4% |
| Amounts receivable within one year | 40/41 | €37,694 | €42,930 | +€5,236 | +13.9% |
| Trade receivables | 40 | €29,491 | €13,720 | -€15,771 | -53.5% |
| Other amounts receivable | 41 | €8,203 | €29,210 | +€21,007 | +256.1% |
| Cash at bank and in hand | 54/58 | - | €20,113 | +€20,113 | |
| Deferred charges and accrued income | 490/1 | €18,350 | €26,317 | +€7,967 | +43.4% |
| Total equity and liabilities | 10/49 | €58,632 | €100,369 | +€41,737 | +71.2% |
| Equity | 10/15 | €20,993 | €55,286 | +€34,293 | +163.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,321 | €2,321 | = | 0.0% |
| Tax-exempt reserves | 132 | €321 | €321 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,328 | €32,965 | +€34,293 | |
| Amounts payable | 17/49 | €37,639 | €45,083 | +€7,444 | +19.8% |
| Amounts payable after more than one year | 17 | - | €4,495 | +€4,495 | |
| Financial debts | 170/4 | - | €4,495 | +€4,495 | |
| Amounts payable within one year | 42/48 | €37,639 | €40,588 | +€2,949 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | - | €1,389 | +€1,389 | |
| Financial debts | 43 | €4,889 | €681 | -€4,208 | -86.1% |
| Credit institutions | 430/8 | €4,889 | - | -€4,889 | |
| Other loans | 439 | - | €681 | +€681 | |
| Trade debts | 44 | €25,219 | €24,792 | -€427 | -1.7% |
| Suppliers | 440/4 | €25,219 | €24,792 | -€427 | -1.7% |
| Taxes, remuneration and social security | 45 | €7,531 | €13,726 | +€6,195 | +82.3% |
| Taxes | 450/3 | €1,199 | €7,145 | +€5,946 | +495.9% |
| Remuneration and social security | 454/9 | €6,332 | €6,581 | +€249 | +3.9% |
| Non-recurring operating income | 76A | - | €1,057 | +€1,057 | |
| Remuneration, social security and pensions | 62 | €85,850 | €88,059 | +€2,209 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,496 | €1,683 | +€187 | +12.5% |
| Other operating charges | 640/8 | €5,817 | €7,366 | +€1,549 | +26.6% |
| Gross operating margin | 9900 | €46,194 | €132,344 | +€86,150 | +186.5% |
| Operating profit (loss) | 9901 | -€46,969 | €35,236 | +€82,205 | |
| Financial income | 75/76B | €1,237 | €917 | -€320 | -25.9% |
| Recurring financial income | 75 | €1,237 | €917 | -€320 | -25.9% |
| Financial charges | 65/66B | €1,496 | €1,270 | -€226 | -15.1% |
| Recurring financial charges | 65 | €1,496 | €1,270 | -€226 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | -€47,228 | €34,883 | +€82,111 | |
| Income taxes | 67/77 | €577 | €590 | +€13 | +2.3% |
| Profit (loss) for the period | 9904 | -€47,805 | €34,293 | +€82,098 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,805 | €34,293 | +€82,098 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.