CMT: 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.
CMT
Largest movements
- Cash +€5,847
up €5,847 (+77.0%), from €7,594 to €13,441
mainly Depreciation (+€5,852) and Net result for the year (+€4,224)
- Tangible fixed assets -€5,352
down €5,352 (-75.8%), from €7,060 to €1,707
of which Furniture and vehicles: -€4,564
- Receivables within one year -€1,861
down €1,861 (-5.9%), from €31,800 to €29,939
of which Other amounts receivable: -€6,452
- Deferred charges and accrued income -€609
down €609 (-20.0%), from €3,041 to €2,432
- Trade debts -€9,488
down €9,488 (-63.8%), from €14,881 to €5,394
- Profit (loss) carried forward +€4,224
up €4,224 (+6.7%), from -€62,968 to -€58,745
- Other debts +€4,125
up €4,125 (+16.6%), from €24,827 to €28,951
- Current portion of long-term debt -€1,082
down €1,082 (-100.0%), from €1,082 to €0
- Gross operating margin +€10,984
up €10,984 (+1597.5%), from €688 to €11,672
- Taxes -€930
down €930 (-100.0%), from €930 to €0
- Other operating charges +€274
up €274 (+21.7%), from €1,262 to €1,536
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 | €51,610 | €49,135 | -€2,475 | -4.8% |
| Fixed assets | 21/28 | €9,175 | €3,322 | -€5,852 | -63.8% |
| Intangible fixed assets | 21 | €2,115 | €1,615 | -€500 | -23.6% |
| Tangible fixed assets | 22/27 | €7,060 | €1,707 | -€5,352 | -75.8% |
| Plant, machinery and equipment | 23 | €2,058 | €1,270 | -€788 | -38.3% |
| Furniture and vehicles | 24 | €5,002 | €438 | -€4,564 | -91.3% |
| Current assets | 29/58 | €42,435 | €45,813 | +€3,378 | +8.0% |
| Amounts receivable within one year | 40/41 | €31,800 | €29,939 | -€1,861 | -5.9% |
| Trade receivables | 40 | €24,331 | €28,923 | +€4,591 | +18.9% |
| Other amounts receivable | 41 | €7,468 | €1,016 | -€6,452 | -86.4% |
| Cash at bank and in hand | 54/58 | €7,594 | €13,441 | +€5,847 | +77.0% |
| Deferred charges and accrued income | 490/1 | €3,041 | €2,432 | -€609 | -20.0% |
| Total equity and liabilities | 10/49 | €51,610 | €49,135 | -€2,475 | -4.8% |
| Equity | 10/15 | €10,566 | €14,790 | +€4,224 | +40.0% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €73,234 | €73,234 | = | 0.0% |
| Distributable reserves | 133 | €73,234 | €73,234 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,968 | -€58,745 | +€4,224 | +6.7% |
| Amounts payable | 17/49 | €41,044 | €34,345 | -€6,698 | -16.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €41,044 | €34,345 | -€6,698 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €1,082 | €0 | -€1,082 | -100.0% |
| Trade debts | 44 | €14,881 | €5,394 | -€9,488 | -63.8% |
| Suppliers | 440/4 | €14,881 | €5,394 | -€9,488 | -63.8% |
| Taxes, remuneration and social security | 45 | €253 | €0 | -€253 | -100.0% |
| Taxes | 450/3 | €253 | €0 | -€253 | -100.0% |
| Other amounts payable | 47/48 | €24,827 | €28,951 | +€4,125 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,737 | €5,852 | +€115 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,262 | €1,536 | +€274 | +21.7% |
| Gross operating margin | 9900 | €688 | €11,672 | +€10,984 | +1597.5% |
| Operating profit (loss) | 9901 | -€6,312 | €4,283 | +€10,595 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +50.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +50.0% |
| Financial charges | 65/66B | €167 | €60 | -€107 | -64.0% |
| Recurring financial charges | 65 | €167 | €60 | -€107 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,478 | €4,224 | +€10,702 | |
| Income taxes | 67/77 | €930 | €0 | -€930 | -100.0% |
| Profit (loss) for the period | 9904 | -€7,408 | €4,224 | +€11,632 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,408 | €4,224 | +€11,632 |
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.