CMS: 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.
CMS
Largest movements
- Cash +€35,374
up €35,374 (+29.5%), from €119,938 to €155,313
mainly Net result for the year (+€272,852) and Tax, wage and social debts (+€11,716)
- Receivables within one year -€9,818
down €9,818 (-6.2%), from €158,139 to €148,321
of which Trade receivables: -€7,404
- Tax, wage and social debts +€11,716
up €11,716 (+38.8%), from €30,203 to €41,919
of which Taxes: +€15,130
- Other debts +€8,948
up €8,948 (+3.4%), from €266,260 to €275,208
- Trade debts +€8,824
up €8,824 (+888%), from €993 to €9,818
- Gross operating margin +€28,898
up €28,898 (+8.5%), from €339,934 to €368,832
- Taxes +€7,257
up €7,257 (+9.0%), from €80,184 to €87,441
- Other operating charges -€6,271
down €6,271 (-86.6%), from €7,238 to €967
- Depreciation +€5,542
up €5,542 (+156%), from €3,544 to €9,086
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 | €320,791 | €348,131 | +€27,341 | +8.5% |
| Fixed assets | 21/28 | €38,969 | €39,277 | +€307 | +0.8% |
| Tangible fixed assets | 22/27 | €38,969 | €39,277 | +€307 | +0.8% |
| Furniture and vehicles | 24 | €38,969 | €34,233 | -€4,736 | -12.2% |
| Other tangible fixed assets | 26 | - | €5,044 | +€5,044 | |
| Current assets | 29/58 | €281,822 | €308,855 | +€27,033 | +9.6% |
| Amounts receivable within one year | 40/41 | €158,139 | €148,321 | -€9,818 | -6.2% |
| Trade receivables | 40 | €61,657 | €54,253 | -€7,404 | -12.0% |
| Other amounts receivable | 41 | €96,483 | €94,068 | -€2,414 | -2.5% |
| Cash at bank and in hand | 54/58 | €119,938 | €155,313 | +€35,374 | +29.5% |
| Deferred charges and accrued income | 490/1 | €3,744 | €5,221 | +€1,477 | +39.4% |
| Total equity and liabilities | 10/49 | €320,791 | €348,131 | +€27,341 | +8.5% |
| Equity | 10/15 | €23,335 | €21,188 | -€2,148 | -9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,735 | €2,588 | -€2,148 | -45.4% |
| Amounts payable | 17/49 | €297,456 | €326,944 | +€29,488 | +9.9% |
| Amounts payable within one year | 42/48 | €297,456 | €326,944 | +€29,488 | +9.9% |
| Trade debts | 44 | €993 | €9,818 | +€8,824 | +888% |
| Suppliers | 440/4 | €993 | €9,818 | +€8,824 | +888% |
| Taxes, remuneration and social security | 45 | €30,203 | €41,919 | +€11,716 | +38.8% |
| Taxes | 450/3 | €26,789 | €41,919 | +€15,130 | +56.5% |
| Remuneration and social security | 454/9 | €3,414 | - | -€3,414 | |
| Other amounts payable | 47/48 | €266,260 | €275,208 | +€8,948 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,544 | €9,086 | +€5,542 | +156% |
| Other operating charges | 640/8 | €7,238 | €967 | -€6,271 | -86.6% |
| Gross operating margin | 9900 | €339,934 | €368,832 | +€28,898 | +8.5% |
| Operating profit (loss) | 9901 | €329,152 | €358,779 | +€29,627 | +9.0% |
| Financial income | 75/76B | €3,449 | €2,230 | -€1,219 | -35.3% |
| Recurring financial income | 75 | €3,449 | €2,230 | -€1,219 | -35.3% |
| Financial charges | 65/66B | €817 | €716 | -€101 | -12.4% |
| Recurring financial charges | 65 | €817 | €716 | -€101 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €331,784 | €360,293 | +€28,509 | +8.6% |
| Income taxes | 67/77 | €80,184 | €87,441 | +€7,257 | +9.0% |
| Profit (loss) for the period | 9904 | €251,600 | €272,852 | +€21,252 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €251,600 | €272,852 | +€21,252 | +8.4% |
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 14 October 2026 via checked.be.