CMNE: 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.
What changed
CMNE
NACE 38.210, Materials recovery from waste
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,406
2024 · -€19,665+€21,070
Equity
€27.0m
2024 · €27.0m+€1,406
Cash
€109,756
2024 · €5,091+€104,665
Balance sheet total
€27.3m
2024 · €27.5m-€224,915
Largest movements
Assets
- Receivables within one year -€292,491
down €292,491 (-80.8%), from €361,915 to €69,424
of which Other amounts receivable: -€276,388
Equity and liabilities
- Other debts -€302,436
down €302,436 (-77.2%), from €391,671 to €89,235
Income statement
- Gross operating margin +€36,760
up €36,760 (+70.5%), from €52,151 to €88,910
- Financial charges +€8,273
up €8,273 (+111%), from €7,464 to €15,737
- Taxes +€6,253
up €6,253 (+21.3%), from €29,339 to €35,592
- Other operating charges +€2,852
up €2,852 (+32.4%), from €8,808 to €11,661
- Financial income +€941
up €941 (+16.6%), from €5,675 to €6,616
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.
Result 2024
-€19,665
Gross operating margin
+€36,760
Depreciation
+€822
Other operating charges
-€2,852
Financial income
+€941
Financial charges
-€8,273
Taxes
-€6,253
Deferred taxes and other
-€74
Result 2025
€1,406
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€106,772
Investment
-€2,107
Financing
€0
Cash 2024
€5,091
From operations (derived)
+€106,772
Net result for the year
+€1,406
Depreciation
+€37,683
Receivables within one year
+€292,491
Deferred charges and accrued income
+€1,513
Provisions
-€6,552
Trade debts
+€61,922
Tax, wage and social debts
+€11,806
Other debts
-€302,436
Accrued charges and deferred income
+€8,938
Investment (derived)
-€2,107
Investment in fixed assets (net)
-€2,107
Cash 2025
€109,756
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,547,219 | €27,322,304 | -€224,915 | -0.8% |
| Fixed assets | 21/28 | €27,173,131 | €27,137,555 | -€35,576 | -0.1% |
| Tangible fixed assets | 22/27 | €403,553 | €367,976 | -€35,576 | -8.8% |
| Land and buildings | 22 | €325,151 | €310,110 | -€15,041 | -4.6% |
| Plant, machinery and equipment | 23 | €68,911 | €49,415 | -€19,497 | -28.3% |
| Furniture and vehicles | 24 | €9,490 | €8,452 | -€1,038 | -10.9% |
| Financial fixed assets | 28 | €26,769,578 | €26,769,578 | = | 0.0% |
| Current assets | 29/58 | €374,087 | €184,749 | -€189,338 | -50.6% |
| Amounts receivable within one year | 40/41 | €361,915 | €69,424 | -€292,491 | -80.8% |
| Trade receivables | 40 | €85,527 | €69,424 | -€16,102 | -18.8% |
| Other amounts receivable | 41 | €276,388 | €0 | -€276,388 | -100% |
| Cash at bank and in hand | 54/58 | €5,091 | €109,756 | +€104,665 | +2,056% |
| Deferred charges and accrued income | 490/1 | €7,082 | €5,569 | -€1,513 | -21.4% |
| Total equity and liabilities | 10/49 | €27,547,219 | €27,322,304 | -€224,915 | -0.8% |
| Equity | 10/15 | €26,966,218 | €26,967,624 | +€1,406 | 0.0% |
| Contributions | 10/11 | €12,841,934 | €12,841,934 | = | 0.0% |
| Reserves | 13 | €319,682 | €300,027 | -€19,655 | -6.1% |
| Tax-exempt reserves | 132 | €224,065 | €204,409 | -€19,655 | -8.8% |
| Distributable reserves | 133 | €95,617 | €95,617 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,804,602 | €13,825,663 | +€21,061 | +0.2% |
| Provisions and deferred taxes | 16 | €72,371 | €65,819 | -€6,552 | -9.1% |
| Deferred taxes | 168 | €72,371 | €65,819 | -€6,552 | -9.1% |
| Amounts payable | 17/49 | €508,630 | €288,861 | -€219,768 | -43.2% |
| Amounts payable within one year | 42/48 | €508,630 | €279,923 | -€228,707 | -45.0% |
| Trade debts | 44 | €87,471 | €149,394 | +€61,922 | +70.8% |
| Suppliers | 440/4 | €87,471 | €149,394 | +€61,922 | +70.8% |
| Taxes, remuneration and social security | 45 | €29,488 | €41,294 | +€11,806 | +40.0% |
| Taxes | 450/3 | €29,488 | €41,294 | +€11,806 | +40.0% |
| Other amounts payable | 47/48 | €391,671 | €89,235 | -€302,436 | -77.2% |
| Accrued charges and deferred income | 492/3 | - | €8,938 | +€8,938 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,505 | €37,683 | -€822 | -2.1% |
| Other operating charges | 640/8 | €8,808 | €11,661 | +€2,852 | +32.4% |
| Gross operating margin | 9900 | €52,151 | €88,910 | +€36,760 | +70.5% |
| Operating profit (loss) | 9901 | €4,838 | €39,567 | +€34,729 | +718% |
| Financial income | 75/76B | €5,675 | €6,616 | +€941 | +16.6% |
| Recurring financial income | 75 | €5,675 | €6,616 | +€941 | +16.6% |
| Financial charges | 65/66B | €7,464 | €15,737 | +€8,273 | +111% |
| Recurring financial charges | 65 | €7,464 | €15,737 | +€8,273 | +111% |
| Profit (loss) for the period before taxes | 9903 | €3,049 | €30,446 | +€27,396 | +898% |
| Transfer from deferred taxes | 780 | €6,625 | €6,552 | -€74 | -1.1% |
| Income taxes | 67/77 | €29,339 | €35,592 | +€6,253 | +21.3% |
| Profit (loss) for the period | 9904 | -€19,665 | €1,406 | +€21,070 | |
| Transfer from tax-exempt reserves | 789 | €19,876 | €19,655 | -€221 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €211 | €21,061 | +€20,849 | +9,868% |
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 18 October 2026 via checked.be.