CMRJ: 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.
CMRJ
Largest movements
- Receivables within one year +€41,530
up €41,530 (+207.4%), from €20,027 to €61,557
of which Trade receivables: +€35,685
- Cash -€26,373
down €26,373 (-56.1%), from €46,995 to €20,622
mainly Receivables within one year (-€41,530) and Trade debts (-€13,837)
- Tangible fixed assets -€11,131
down €11,131 (-16.7%), from €66,471 to €55,340
of which Plant, machinery and equipment: -€8,597
- Stocks and contracts +€5,348
up €5,348 (+50.6%), from €10,578 to €15,926
- Profit (loss) carried forward +€34,185
up €34,185 (+53.7%), from €63,648 to €97,833
- Trade debts -€13,837
down €13,837 (-85.4%), from €16,206 to €2,368
- Tax, wage and social debts -€12,516
down €12,516 (-47.8%), from €26,168 to €13,652
of which Taxes: -€13,297
- Gross operating margin -€28,595
down €28,595 (-30.1%), from €94,966 to €66,371
- Taxes -€12,567
down €12,567 (-57.8%), from €21,724 to €9,157
- Depreciation +€11,007
up €11,007 (+110.8%), from €9,931 to €20,937
- Staff costs +€2,131
new in 2025: €2,131
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 | €144,448 | €153,806 | +€9,359 | +6.5% |
| Fixed assets | 21/28 | €66,471 | €55,340 | -€11,131 | -16.7% |
| Tangible fixed assets | 22/27 | €66,471 | €55,340 | -€11,131 | -16.7% |
| Plant, machinery and equipment | 23 | €35,047 | €26,450 | -€8,597 | -24.5% |
| Furniture and vehicles | 24 | €31,424 | €28,890 | -€2,534 | -8.1% |
| Current assets | 29/58 | €77,977 | €98,466 | +€20,489 | +26.3% |
| Stocks and contracts in progress | 3 | €10,578 | €15,926 | +€5,348 | +50.6% |
| Stocks | 30/36 | €10,578 | €15,926 | +€5,348 | +50.6% |
| Amounts receivable within one year | 40/41 | €20,027 | €61,557 | +€41,530 | +207.4% |
| Trade receivables | 40 | €20,027 | €55,712 | +€35,685 | +178.2% |
| Other amounts receivable | 41 | - | €5,845 | +€5,845 | |
| Cash at bank and in hand | 54/58 | €46,995 | €20,622 | -€26,373 | -56.1% |
| Deferred charges and accrued income | 490/1 | €377 | €362 | -€15 | -4.1% |
| Total equity and liabilities | 10/49 | €144,448 | €153,806 | +€9,359 | +6.5% |
| Equity | 10/15 | €66,648 | €100,833 | +€34,185 | +51.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,648 | €97,833 | +€34,185 | +53.7% |
| Amounts payable | 17/49 | €77,800 | €52,974 | -€24,826 | -31.9% |
| Amounts payable within one year | 42/48 | €77,800 | €52,974 | -€24,826 | -31.9% |
| Trade debts | 44 | €16,206 | €2,368 | -€13,837 | -85.4% |
| Suppliers | 440/4 | €16,206 | €2,368 | -€13,837 | -85.4% |
| Taxes, remuneration and social security | 45 | €26,168 | €13,652 | -€12,516 | -47.8% |
| Taxes | 450/3 | €24,108 | €10,812 | -€13,297 | -55.2% |
| Remuneration and social security | 454/9 | €2,059 | €2,840 | +€781 | +37.9% |
| Other amounts payable | 47/48 | €35,427 | €36,953 | +€1,527 | +4.3% |
| Remuneration, social security and pensions | 62 | - | €2,131 | +€2,131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,931 | €20,937 | +€11,007 | +110.8% |
| Other operating charges | 640/8 | €225 | €66 | -€159 | -70.8% |
| Gross operating margin | 9900 | €94,966 | €66,371 | -€28,595 | -30.1% |
| Operating profit (loss) | 9901 | €84,811 | €43,237 | -€41,574 | -49.0% |
| Financial income | 75/76B | €561 | €181 | -€380 | -67.7% |
| Recurring financial income | 75 | €561 | €181 | -€380 | -67.7% |
| Financial charges | 65/66B | - | €76 | +€76 | |
| Recurring financial charges | 65 | - | €76 | +€76 | |
| Profit (loss) for the period before taxes | 9903 | €85,372 | €43,342 | -€42,030 | -49.2% |
| Income taxes | 67/77 | €21,724 | €9,157 | -€12,567 | -57.8% |
| Profit (loss) for the period | 9904 | €63,648 | €34,185 | -€29,463 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,648 | €34,185 | -€29,463 | -46.3% |
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 5 October 2026 via checked.be.