CMS-VB: 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-VB
Largest movements
- Cash +€89,338
up €89,338 (+503.9%), from €17,728 to €107,066
mainly Net result for the year (+€61,842) and Tax, wage and social debts (+€29,752)
- Receivables within one year -€7,226
down €7,226 (-34.2%), from €21,138 to €13,912
of which Trade receivables: -€11,441
- Reserves +€60,170
new in 2025: €60,170
- Tax, wage and social debts +€29,752
up €29,752 (+472.4%), from €6,299 to €36,051
- Other debts -€9,491
down €9,491 (-26.1%), from €36,329 to €26,839
- Profit (loss) carried forward +€1,671
up €1,671, from -€1,671 to €0
- Gross operating margin +€86,953
up €86,953 (+21529.9%), from €404 to €87,356
- Taxes +€22,343
new in 2025: €22,343
- Other operating charges +€1,564
up €1,564 (+268.1%), from €583 to €2,148
- Financial charges -€1,083
down €1,083 (-92.2%), from €1,175 to €92
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 | €43,956 | €126,059 | +€82,103 | +186.8% |
| Fixed assets | 21/28 | €4,342 | €3,410 | -€932 | -21.5% |
| Tangible fixed assets | 22/27 | €4,342 | €3,410 | -€932 | -21.5% |
| Plant, machinery and equipment | 23 | €2,811 | €2,239 | -€572 | -20.4% |
| Furniture and vehicles | 24 | €1,531 | €1,171 | -€360 | -23.5% |
| Current assets | 29/58 | €39,615 | €122,649 | +€83,035 | +209.6% |
| Amounts receivable within one year | 40/41 | €21,138 | €13,912 | -€7,226 | -34.2% |
| Trade receivables | 40 | €19,415 | €7,975 | -€11,441 | -58.9% |
| Other amounts receivable | 41 | €1,722 | €5,937 | +€4,214 | +244.7% |
| Cash at bank and in hand | 54/58 | €17,728 | €107,066 | +€89,338 | +503.9% |
| Deferred charges and accrued income | 490/1 | €749 | €1,671 | +€923 | +123.3% |
| Total equity and liabilities | 10/49 | €43,956 | €126,059 | +€82,103 | +186.8% |
| Equity | 10/15 | €1,329 | €63,170 | +€61,842 | +4654.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €60,170 | +€60,170 | |
| Distributable reserves | 133 | - | €60,170 | +€60,170 | |
| Profit (loss) carried forward | 14 | -€1,671 | €0 | +€1,671 | |
| Amounts payable | 17/49 | €42,628 | €62,889 | +€20,262 | +47.5% |
| Amounts payable within one year | 42/48 | €42,628 | €62,889 | +€20,262 | +47.5% |
| Taxes, remuneration and social security | 45 | €6,299 | €36,051 | +€29,752 | +472.4% |
| Taxes | 450/3 | €6,299 | €36,051 | +€29,752 | +472.4% |
| Other amounts payable | 47/48 | €36,329 | €26,839 | -€9,491 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317 | €932 | +€615 | +193.8% |
| Other operating charges | 640/8 | €583 | €2,148 | +€1,564 | +268.1% |
| Gross operating margin | 9900 | €404 | €87,356 | +€86,953 | +21529.9% |
| Operating profit (loss) | 9901 | -€497 | €84,277 | +€84,774 | |
| Financial charges | 65/66B | €1,175 | €92 | -€1,083 | -92.2% |
| Recurring financial charges | 65 | €1,175 | €92 | -€1,083 | -92.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,671 | €84,185 | +€85,856 | |
| Income taxes | 67/77 | - | €22,343 | +€22,343 | |
| Profit (loss) for the period | 9904 | -€1,671 | €61,842 | +€63,513 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,671 | €61,842 | +€63,513 |
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 9 October 2026 via checked.be.