CMOSA: 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.
CMOSA
Largest movements
- Receivables within one year -€175,528
down €175,528 (-46.1%), from €380,832 to €205,304
of which Trade receivables: -€177,681
- Cash -€117,303
down €117,303 (-74.5%), from €157,365 to €40,062
mainly Advances received (-€330,891) and Tax, wage and social debts (-€67,387)
- Advances received -€330,891
down €330,891 (-95.2%), from €347,540 to €16,649
- Trade debts +€104,215
up €104,215 (+1371.8%), from €7,597 to €111,812
- Tax, wage and social debts -€67,387
down €67,387 (-85.9%), from €78,492 to €11,105
of which Taxes: -€71,060
- Current portion of long-term debt -€7,355
down €7,355 (-65.0%), from €11,324 to €3,968
- Profit (loss) carried forward +€5,721
no longer reported in 2025 (was -€5,721)
- Gross operating margin -€82,935
down €82,935 (-39.1%), from €212,128 to €129,193
- Staff costs -€64,034
down €64,034 (-37.5%), from €170,937 to €106,903
- Depreciation -€5,689
down €5,689 (-54.3%), from €10,478 to €4,789
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 | €563,835 | €261,832 | -€302,002 | -53.6% |
| Fixed assets | 21/28 | €8,693 | €3,904 | -€4,789 | -55.1% |
| Tangible fixed assets | 22/27 | €4,789 | - | -€4,789 | |
| Furniture and vehicles | 24 | €4,789 | - | -€4,789 | |
| Financial fixed assets | 28 | €3,904 | €3,904 | = | 0.0% |
| Current assets | 29/58 | €555,142 | €257,929 | -€297,213 | -53.5% |
| Stocks and contracts in progress | 3 | €11,850 | €9,200 | -€2,650 | -22.4% |
| Stocks | 30/36 | €11,850 | €9,200 | -€2,650 | -22.4% |
| Amounts receivable within one year | 40/41 | €380,832 | €205,304 | -€175,528 | -46.1% |
| Trade receivables | 40 | €375,332 | €197,651 | -€177,681 | -47.3% |
| Other amounts receivable | 41 | €5,500 | €7,653 | +€2,153 | +39.1% |
| Cash at bank and in hand | 54/58 | €157,365 | €40,062 | -€117,303 | -74.5% |
| Deferred charges and accrued income | 490/1 | €5,094 | €3,362 | -€1,732 | -34.0% |
| Total equity and liabilities | 10/49 | €563,835 | €261,832 | -€302,002 | -53.6% |
| Equity | 10/15 | €114,914 | €118,299 | +€3,385 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €114,435 | €112,099 | -€2,336 | -2.0% |
| Distributable reserves | 133 | €114,435 | €112,099 | -€2,336 | -2.0% |
| Profit (loss) carried forward | 14 | -€5,721 | - | +€5,721 | |
| Amounts payable | 17/49 | €448,921 | €143,534 | -€305,387 | -68.0% |
| Amounts payable after more than one year | 17 | €3,968 | - | -€3,968 | |
| Financial debts | 170/4 | €3,968 | - | -€3,968 | |
| Amounts payable within one year | 42/48 | €444,952 | €143,534 | -€301,419 | -67.7% |
| Current portion of amounts payable after more than one year | 42 | €11,324 | €3,968 | -€7,355 | -65.0% |
| Trade debts | 44 | €7,597 | €111,812 | +€104,215 | +1371.8% |
| Suppliers | 440/4 | €7,597 | €111,812 | +€104,215 | +1371.8% |
| Advances received on contracts in progress | 46 | €347,540 | €16,649 | -€330,891 | -95.2% |
| Taxes, remuneration and social security | 45 | €78,492 | €11,105 | -€67,387 | -85.9% |
| Taxes | 450/3 | €78,219 | €7,159 | -€71,060 | -90.8% |
| Remuneration and social security | 454/9 | €273 | €3,946 | +€3,673 | +1344.0% |
| Remuneration, social security and pensions | 62 | €170,937 | €106,903 | -€64,034 | -37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,478 | €4,789 | -€5,689 | -54.3% |
| Other operating charges | 640/8 | €8,729 | €8,276 | -€453 | -5.2% |
| Gross operating margin | 9900 | €212,128 | €129,193 | -€82,935 | -39.1% |
| Operating profit (loss) | 9901 | €21,983 | €9,225 | -€12,758 | -58.0% |
| Financial income | 75/76B | €21 | €39 | +€17 | +82.1% |
| Recurring financial income | 75 | €21 | €39 | +€17 | +82.1% |
| Financial charges | 65/66B | €2,567 | €3,280 | +€713 | +27.8% |
| Recurring financial charges | 65 | €2,567 | €3,280 | +€713 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €19,437 | €5,983 | -€13,454 | -69.2% |
| Income taxes | 67/77 | €1,055 | €2,598 | +€1,544 | +146.4% |
| Profit (loss) for the period | 9904 | €18,382 | €3,385 | -€14,997 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,382 | €3,385 | -€14,997 | -81.6% |
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 4 October 2026 via checked.be.