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
- Tangible fixed assets -€24,594
down €24,594 (-18.3%), from €134,752 to €110,158
of which Other tangible fixed assets: -€14,378
- Cash -€21,061
down €21,061 (-24.5%), from €85,916 to €64,855
mainly Contributions, distributions and other (-€58,075) and Net result for the year (-€10,211)
- Reserves -€58,075
down €58,075 (-45.1%), from €128,790 to €70,715
- Other debts +€30,318
up €30,318 (+116%), from €26,094 to €56,412
- Profit (loss) carried forward -€10,211
down €10,211 (-18.6%), from €54,982 to €44,770
- Trade debts -€4,989
down €4,989 (-63.4%), from €7,865 to €2,876
- Tax, wage and social debts -€2,383
down €2,383 (-72.4%), from €3,292 to €909
- Gross operating margin -€28,916
down €28,916 (-60.8%), from €47,581 to €18,666
- Taxes -€6,261
down €6,261 (-97.9%), from €6,393 to €132
- Financial charges -€1,490
down €1,490 (-51.5%), from €2,896 to €1,406
- Depreciation -€1,418
down €1,418 (-5.0%), from €28,646 to €27,228
- Other operating charges -€1,067
down €1,067 (-60.5%), from €1,765 to €698
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 | €234,313 | €188,082 | -€46,231 | -19.7% |
| Fixed assets | 21/28 | €134,752 | €110,158 | -€24,594 | -18.3% |
| Tangible fixed assets | 22/27 | €134,752 | €110,158 | -€24,594 | -18.3% |
| Plant, machinery and equipment | 23 | €26,077 | €20,214 | -€5,863 | -22.5% |
| Furniture and vehicles | 24 | €13,023 | €8,669 | -€4,353 | -33.4% |
| Other tangible fixed assets | 26 | €95,653 | €81,275 | -€14,378 | -15.0% |
| Current assets | 29/58 | €99,561 | €77,923 | -€21,637 | -21.7% |
| Amounts receivable within one year | 40/41 | €13,645 | €12,889 | -€755 | -5.5% |
| Trade receivables | 40 | €12,538 | €9,839 | -€2,700 | -21.5% |
| Other amounts receivable | 41 | €1,107 | €3,051 | +€1,944 | +176% |
| Cash at bank and in hand | 54/58 | €85,916 | €64,855 | -€21,061 | -24.5% |
| Deferred charges and accrued income | 490/1 | - | €179 | +€179 | |
| Total equity and liabilities | 10/49 | €234,313 | €188,082 | -€46,231 | -19.7% |
| Equity | 10/15 | €196,171 | €127,885 | -€68,286 | -34.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €128,790 | €70,715 | -€58,075 | -45.1% |
| Distributable reserves | 133 | €128,790 | €70,715 | -€58,075 | -45.1% |
| Profit (loss) carried forward | 14 | €54,982 | €44,770 | -€10,211 | -18.6% |
| Amounts payable | 17/49 | €38,141 | €60,197 | +€22,055 | +57.8% |
| Amounts payable within one year | 42/48 | €38,141 | €60,197 | +€22,055 | +57.8% |
| Current portion of amounts payable after more than one year | 42 | €891 | - | -€891 | |
| Trade debts | 44 | €7,865 | €2,876 | -€4,989 | -63.4% |
| Suppliers | 440/4 | €7,865 | €2,876 | -€4,989 | -63.4% |
| Taxes, remuneration and social security | 45 | €3,292 | €909 | -€2,383 | -72.4% |
| Taxes | 450/3 | €3,292 | €909 | -€2,383 | -72.4% |
| Other amounts payable | 47/48 | €26,094 | €56,412 | +€30,318 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,646 | €27,228 | -€1,418 | -5.0% |
| Other operating charges | 640/8 | €1,765 | €698 | -€1,067 | -60.5% |
| Gross operating margin | 9900 | €47,581 | €18,666 | -€28,916 | -60.8% |
| Operating profit (loss) | 9901 | €17,170 | -€9,260 | -€26,430 | |
| Financial income | 75/76B | €339 | €587 | +€247 | +72.9% |
| Recurring financial income | 75 | €339 | €587 | +€247 | +72.9% |
| Financial charges | 65/66B | €2,896 | €1,406 | -€1,490 | -51.5% |
| Recurring financial charges | 65 | €2,896 | €1,406 | -€1,490 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €14,613 | -€10,079 | -€24,692 | |
| Income taxes | 67/77 | €6,393 | €132 | -€6,261 | -97.9% |
| Profit (loss) for the period | 9904 | €8,220 | -€10,211 | -€18,431 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,220 | -€10,211 | -€18,431 |
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 17 October 2026 via checked.be.