CMR Online: 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.
CMR Online
Largest movements
- Tangible fixed assets +€89,004
up €89,004 (+11.0%), from €811,854 to €900,858
of which Plant, machinery and equipment: +€93,108
- Receivables within one year +€86,773
up €86,773 (+60.2%), from €144,144 to €230,917
of which Other amounts receivable: +€57,733
- Trade debts +€106,976
up €106,976 (+9.5%), from €1.1m to €1.2m
- Tax, wage and social debts +€47,548
up €47,548 (+47.3%), from €100,506 to €148,054
- Profit (loss) carried forward +€16,269
up €16,269 (+5.5%), from -€296,802 to -€280,533
- Gross operating margin +€198,648
up €198,648, from -€114,908 to €83,740
- Other operating charges -€30,495
down €30,495 (-55.1%), from €55,329 to €24,833
- Depreciation +€21,597
up €21,597 (+83.6%), from €25,820 to €47,417
- Financial charges -€4,994
down €4,994 (-98.4%), from €5,073 to €79
- Financial income -€4,621
down €4,621 (-48.7%), from €9,480 to €4,860
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €973,115 | €1,144,715 | +€171,600 | +17.6% |
| Fixed assets | 21/28 | €824,907 | €910,974 | +€86,068 | +10.4% |
| Intangible fixed assets | 21 | €11,803 | €8,866 | -€2,937 | -24.9% |
| Tangible fixed assets | 22/27 | €811,854 | €900,858 | +€89,004 | +11.0% |
| Land and buildings | 22 | €715,915 | €714,054 | -€1,861 | -0.3% |
| Plant, machinery and equipment | 23 | €87,868 | €180,976 | +€93,108 | +106% |
| Furniture and vehicles | 24 | €8,071 | €5,828 | -€2,242 | -27.8% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €148,208 | €233,741 | +€85,532 | +57.7% |
| Amounts receivable within one year | 40/41 | €144,144 | €230,917 | +€86,773 | +60.2% |
| Trade receivables | 40 | - | €29,040 | +€29,040 | |
| Other amounts receivable | 41 | €144,144 | €201,877 | +€57,733 | +40.1% |
| Cash at bank and in hand | 54/58 | €3,252 | €2,024 | -€1,228 | -37.8% |
| Deferred charges and accrued income | 490/1 | €812 | €800 | -€12 | -1.5% |
| Total equity and liabilities | 10/49 | €973,115 | €1,144,715 | +€171,600 | +17.6% |
| Equity | 10/15 | -€255,419 | -€239,150 | +€16,269 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,783 | €22,783 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,923 | €20,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€296,802 | -€280,533 | +€16,269 | +5.5% |
| Amounts payable | 17/49 | €1,228,534 | €1,383,865 | +€155,331 | +12.6% |
| Amounts payable within one year | 42/48 | €1,226,192 | €1,380,716 | +€154,524 | +12.6% |
| Trade debts | 44 | €1,125,686 | €1,232,662 | +€106,976 | +9.5% |
| Suppliers | 440/4 | €1,125,686 | €1,232,662 | +€106,976 | +9.5% |
| Taxes, remuneration and social security | 45 | €100,506 | €148,054 | +€47,548 | +47.3% |
| Taxes | 450/3 | €100,506 | €148,054 | +€47,548 | +47.3% |
| Accrued charges and deferred income | 492/3 | €2,342 | €3,149 | +€807 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,820 | €47,417 | +€21,597 | +83.6% |
| Other operating charges | 640/8 | €55,329 | €24,833 | -€30,495 | -55.1% |
| Gross operating margin | 9900 | -€114,908 | €83,740 | +€198,648 | |
| Operating profit (loss) | 9901 | -€196,057 | €11,489 | +€207,545 | |
| Financial income | 75/76B | €9,480 | €4,860 | -€4,621 | -48.7% |
| Recurring financial income | 75 | €9,480 | €4,860 | -€4,621 | -48.7% |
| Financial charges | 65/66B | €5,073 | €79 | -€4,994 | -98.4% |
| Recurring financial charges | 65 | €5,073 | €79 | -€4,994 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | -€191,650 | €16,269 | +€207,919 | |
| Profit (loss) for the period | 9904 | -€191,650 | €16,269 | +€207,919 | |
| Profit (loss) for the period to be appropriated | 9905 | -€191,650 | €16,269 | +€207,919 |
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 25 October 2026 via checked.be.