CMSD: 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.
CMSD
Largest movements
- Cash +€33,738
up €33,738 (+237.2%), from €14,223 to €47,961
mainly Net result for the year (+€17,269) and Tax, wage and social debts (+€13,478)
- Tangible fixed assets +€8,985
up €8,985 (+127.0%), from €7,075 to €16,060
of which Furniture and vehicles: +€9,426
- Deferred charges and accrued income +€2,994
up €2,994 (+48.4%), from €6,189 to €9,183
- Receivables within one year +€1,270
up €1,270 (+94.1%), from €1,349 to €2,619
- Formation expenses -€952
down €952 (-51.2%), from €1,859 to €907
- Profit (loss) carried forward +€16,410
up €16,410, from €0 to €16,410
- Tax, wage and social debts +€13,478
up €13,478 (+225.7%), from €5,971 to €19,449
- Current portion of long-term debt +€6,238
new in 2024: €6,238
- Debts after one year +€4,814
new in 2024: €4,814
- Trade debts +€4,800
up €4,800 (+796.3%), from €603 to €5,403
- Gross operating margin +€10,417
up €10,417 (+58.4%), from €17,823 to €28,239
- Taxes +€1,252
up €1,252 (+35.6%), from €3,512 to €4,763
- Depreciation +€1,013
up €1,013 (+27.1%), from €3,738 to €4,751
- Financial charges +€287
up €287 (+315.5%), from €91 to €379
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,486 | €77,321 | +€45,835 | +145.6% |
| Formation expenses | 20 | €1,859 | €907 | -€952 | -51.2% |
| Fixed assets | 21/28 | €7,866 | €16,650 | +€8,785 | +111.7% |
| Intangible fixed assets | 21 | €791 | €591 | -€200 | -25.3% |
| Tangible fixed assets | 22/27 | €7,075 | €16,060 | +€8,985 | +127.0% |
| Plant, machinery and equipment | 23 | €863 | €421 | -€442 | -51.2% |
| Furniture and vehicles | 24 | €6,212 | €15,638 | +€9,426 | +151.7% |
| Current assets | 29/58 | €21,761 | €59,764 | +€38,002 | +174.6% |
| Amounts receivable within one year | 40/41 | €1,349 | €2,619 | +€1,270 | +94.1% |
| Other amounts receivable | 41 | €1,349 | €2,619 | +€1,270 | +94.1% |
| Cash at bank and in hand | 54/58 | €14,223 | €47,961 | +€33,738 | +237.2% |
| Deferred charges and accrued income | 490/1 | €6,189 | €9,183 | +€2,994 | +48.4% |
| Total equity and liabilities | 10/49 | €31,486 | €77,321 | +€45,835 | +145.6% |
| Equity | 10/15 | €19,150 | €35,559 | +€16,410 | +85.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €9,150 | €9,150 | = | 0.0% |
| Distributable reserves | 133 | €9,150 | €9,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €16,410 | +€16,410 | |
| Amounts payable | 17/49 | €12,336 | €41,762 | +€29,426 | +238.5% |
| Amounts payable after more than one year | 17 | - | €4,814 | +€4,814 | |
| Financial debts | 170/4 | - | €4,814 | +€4,814 | |
| Amounts payable within one year | 42/48 | €6,574 | €31,949 | +€25,374 | +386.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,238 | +€6,238 | |
| Trade debts | 44 | €603 | €5,403 | +€4,800 | +796.3% |
| Suppliers | 440/4 | €603 | €5,403 | +€4,800 | +796.3% |
| Taxes, remuneration and social security | 45 | €5,971 | €19,449 | +€13,478 | +225.7% |
| Taxes | 450/3 | €5,971 | €19,449 | +€13,478 | +225.7% |
| Other amounts payable | 47/48 | €0 | €859 | +€859 | |
| Accrued charges and deferred income | 492/3 | €5,762 | €4,999 | -€763 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,738 | €4,751 | +€1,013 | +27.1% |
| Other operating charges | 640/8 | €1,376 | €1,224 | -€152 | -11.1% |
| Gross operating margin | 9900 | €17,823 | €28,239 | +€10,417 | +58.4% |
| Operating profit (loss) | 9901 | €12,709 | €22,264 | +€9,556 | +75.2% |
| Financial income | 75/76B | €44 | €146 | +€102 | +233.2% |
| Recurring financial income | 75 | €44 | €146 | +€102 | +233.2% |
| Financial charges | 65/66B | €91 | €379 | +€287 | +315.5% |
| Recurring financial charges | 65 | €91 | €379 | +€287 | +315.5% |
| Profit (loss) for the period before taxes | 9903 | €12,662 | €22,032 | +€9,370 | +74.0% |
| Income taxes | 67/77 | €3,512 | €4,763 | +€1,252 | +35.6% |
| Profit (loss) for the period | 9904 | €9,150 | €17,269 | +€8,119 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,150 | €17,269 | +€8,119 | +88.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.