CMN: 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.
CMN
Largest movements
- Receivables after one year -€330,000
down €330,000 (-35.5%), from €929,524 to €599,524
- Receivables within one year -€151,500
no longer reported in 2025 (was €151,500)
- Other debts -€381,514
down €381,514 (-14.3%), from €2.7m to €2.3m
- Profit (loss) carried forward -€52,052
down €52,052 (-22.3%), from €233,681 to €181,628
- Trade debts -€48,245
down €48,245 (-96.5%), from €50,000 to €1,755
- Financial income -€396,550
no longer reported in 2025 (was €396,550)
- Financial charges +€22,850
up €22,850 (+86.6%), from €26,378 to €49,229
- Gross operating margin +€351
up €351 (+17.3%), from -€2,032 to -€1,681
- Other operating charges +€35
up €35 (+3.1%), from €1,108 to €1,143
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 | €3,107,748 | €2,625,936 | -€481,812 | -15.5% |
| Fixed assets | 21/28 | €2,026,349 | €2,026,349 | = | 0.0% |
| Tangible fixed assets | 22/27 | €999,158 | €999,158 | = | 0.0% |
| Land and buildings | 22 | €983,284 | €983,284 | = | 0.0% |
| Plant, machinery and equipment | 23 | €260 | €260 | = | 0.0% |
| Furniture and vehicles | 24 | €15,614 | €15,614 | = | 0.0% |
| Financial fixed assets | 28 | €1,027,191 | €1,027,191 | = | 0.0% |
| Current assets | 29/58 | €1,081,400 | €599,588 | -€481,812 | -44.6% |
| Amounts receivable after more than one year | 29 | €929,524 | €599,524 | -€330,000 | -35.5% |
| Other amounts receivable | 291 | €929,524 | €599,524 | -€330,000 | -35.5% |
| Amounts receivable within one year | 40/41 | €151,500 | - | -€151,500 | |
| Other amounts receivable | 41 | €151,500 | - | -€151,500 | |
| Cash at bank and in hand | 54/58 | €376 | €64 | -€312 | -83.0% |
| Total equity and liabilities | 10/49 | €3,107,748 | €2,625,936 | -€481,812 | -15.5% |
| Equity | 10/15 | €398,318 | €346,266 | -€52,052 | -13.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €14,638 | €14,638 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,638 | €14,638 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,638 | €14,638 | = | 0.0% |
| Profit (loss) carried forward | 14 | €233,681 | €181,628 | -€52,052 | -22.3% |
| Amounts payable | 17/49 | €2,709,430 | €2,279,670 | -€429,760 | -15.9% |
| Amounts payable within one year | 42/48 | €2,709,430 | €2,279,670 | -€429,760 | -15.9% |
| Trade debts | 44 | €50,000 | €1,755 | -€48,245 | -96.5% |
| Suppliers | 440/4 | €50,000 | €1,755 | -€48,245 | -96.5% |
| Other amounts payable | 47/48 | €2,659,430 | €2,277,916 | -€381,514 | -14.3% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | -€2,032 | -€1,681 | +€351 | +17.3% |
| Operating profit (loss) | 9901 | -€3,140 | -€2,824 | +€316 | +10.1% |
| Financial income | 75/76B | €396,550 | - | -€396,550 | |
| Recurring financial income | 75 | €396,550 | - | -€396,550 | |
| Financial charges | 65/66B | €26,378 | €49,229 | +€22,850 | +86.6% |
| Recurring financial charges | 65 | €26,378 | €49,229 | +€22,850 | +86.6% |
| Profit (loss) for the period before taxes | 9903 | €367,032 | -€52,052 | -€419,084 | |
| Profit (loss) for the period | 9904 | €367,032 | -€52,052 | -€419,084 | |
| Profit (loss) for the period to be appropriated | 9905 | €367,032 | -€52,052 | -€419,084 |
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 7 October 2026 via checked.be.