CMS: 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.
CMS
Largest movements
- Receivables within one year -€14,802
down €14,802 (-21.1%), from €70,052 to €55,250
of which Trade receivables: -€13,749
- Tangible fixed assets +€14,740
up €14,740 (+29.4%), from €50,105 to €64,845
- Cash -€4,527
down €4,527 (-25.4%), from €17,840 to €13,313
mainly Investment in fixed assets (net) (-€29,075) and Net result for the year (-€23,356)
- Trade debts +€37,461
up €37,461 (+251.0%), from €14,924 to €52,385
- Profit (loss) carried forward -€23,356
down €23,356, from €20,258 to -€3,098
- Tax, wage and social debts -€17,533
down €17,533 (-67.2%), from €26,089 to €8,557
of which Taxes: -€10,470
- Other debts +€11,267
up €11,267 (+44.0%), from €25,586 to €36,853
- Debts after one year -€10,549
down €10,549 (-21.5%), from €49,021 to €38,472
- Gross operating margin -€48,509
down €48,509 (-72.6%), from €66,783 to €18,274
- Staff costs -€16,811
down €16,811 (-59.4%), from €28,317 to €11,506
- Depreciation -€2,758
down €2,758 (-16.1%), from €17,093 to €14,335
- Taxes -€2,585
down €2,585 (-100.0%), from €2,585 to €0
- Financial charges +€1,188
up €1,188 (+14.3%), from €8,313 to €9,500
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 | €147,377 | €142,788 | -€4,589 | -3.1% |
| Fixed assets | 21/28 | €59,485 | €74,226 | +€14,740 | +24.8% |
| Tangible fixed assets | 22/27 | €50,105 | €64,845 | +€14,740 | +29.4% |
| Furniture and vehicles | 24 | €50,105 | €64,845 | +€14,740 | +29.4% |
| Financial fixed assets | 28 | €9,380 | €9,380 | = | 0.0% |
| Current assets | 29/58 | €87,892 | €68,563 | -€19,329 | -22.0% |
| Amounts receivable within one year | 40/41 | €70,052 | €55,250 | -€14,802 | -21.1% |
| Trade receivables | 40 | €67,999 | €54,250 | -€13,749 | -20.2% |
| Other amounts receivable | 41 | €2,053 | €1,000 | -€1,053 | -51.3% |
| Cash at bank and in hand | 54/58 | €17,840 | €13,313 | -€4,527 | -25.4% |
| Total equity and liabilities | 10/49 | €147,377 | €142,788 | -€4,589 | -3.1% |
| Equity | 10/15 | €21,758 | -€1,598 | -€23,356 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,258 | -€3,098 | -€23,356 | |
| Amounts payable | 17/49 | €125,619 | €144,387 | +€18,767 | +14.9% |
| Amounts payable after more than one year | 17 | €49,021 | €38,472 | -€10,549 | -21.5% |
| Financial debts | 170/4 | €49,021 | €38,472 | -€10,549 | -21.5% |
| Amounts payable within one year | 42/48 | €76,599 | €105,915 | +€29,316 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €8,120 | -€1,879 | -18.8% |
| Trade debts | 44 | €14,924 | €52,385 | +€37,461 | +251.0% |
| Suppliers | 440/4 | €14,924 | €52,385 | +€37,461 | +251.0% |
| Taxes, remuneration and social security | 45 | €26,089 | €8,557 | -€17,533 | -67.2% |
| Taxes | 450/3 | €11,908 | €1,438 | -€10,470 | -87.9% |
| Remuneration and social security | 454/9 | €14,181 | €7,118 | -€7,063 | -49.8% |
| Other amounts payable | 47/48 | €25,586 | €36,853 | +€11,267 | +44.0% |
| Remuneration, social security and pensions | 62 | €28,317 | €11,506 | -€16,811 | -59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,093 | €14,335 | -€2,758 | -16.1% |
| Other operating charges | 640/8 | €6,599 | €6,302 | -€296 | -4.5% |
| Gross operating margin | 9900 | €66,783 | €18,274 | -€48,509 | -72.6% |
| Operating profit (loss) | 9901 | €14,774 | -€13,869 | -€28,643 | |
| Financial income | 75/76B | €12 | €13 | +€1 | +11.8% |
| Recurring financial income | 75 | €12 | €13 | +€1 | +11.8% |
| Financial charges | 65/66B | €8,313 | €9,500 | +€1,188 | +14.3% |
| Recurring financial charges | 65 | €8,313 | €9,500 | +€1,188 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €6,473 | -€23,356 | -€29,829 | |
| Income taxes | 67/77 | €2,585 | €0 | -€2,585 | -100.0% |
| Profit (loss) for the period | 9904 | €3,888 | -€23,356 | -€27,244 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,888 | -€23,356 | -€27,244 |
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 29 September 2026 via checked.be.