CMTHELIA: 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.
CMTHELIA
Largest movements
- Tangible fixed assets -€14,005
down €14,005 (-19.1%), from €73,225 to €59,220
- Receivables within one year +€7,310
up €7,310 (+160.2%), from €4,564 to €11,873
of which Trade receivables: +€7,249
- Cash -€4,722
down €4,722 (-6.9%), from €68,365 to €63,643
mainly Tax, wage and social debts (-€26,563) and Receivables within one year (-€7,310)
- Tax, wage and social debts -€26,563
down €26,563 (-82.2%), from €32,315 to €5,753
of which Remuneration and social security: -€17,793
- Reserves +€19,000
up €19,000 (+32.4%), from €58,636 to €77,636
- Trade debts -€3,771
down €3,771 (-19.2%), from €19,589 to €15,818
- Profit (loss) carried forward +€2,109
up €2,109 (+18.4%), from €11,437 to €13,546
- Gross operating margin +€4,733
up €4,733 (+5.6%), from €84,455 to €89,187
- Staff costs +€4,655
up €4,655 (+12.4%), from €37,513 to €42,168
- Taxes +€2,543
up €2,543 (+47.7%), from €5,330 to €7,873
- Depreciation -€1,593
down €1,593 (-10.2%), from €15,599 to €14,005
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,465 | €138,570 | -€9,895 | -6.7% |
| Fixed assets | 21/28 | €73,225 | €59,220 | -€14,005 | -19.1% |
| Tangible fixed assets | 22/27 | €73,225 | €59,220 | -€14,005 | -19.1% |
| Land and buildings | 22 | €28,870 | €26,340 | -€2,530 | -8.8% |
| Plant, machinery and equipment | 23 | €28,618 | €22,938 | -€5,680 | -19.8% |
| Furniture and vehicles | 24 | €15,737 | €9,941 | -€5,796 | -36.8% |
| Current assets | 29/58 | €75,240 | €79,350 | +€4,110 | +5.5% |
| Stocks and contracts in progress | 3 | €1,164 | €1,728 | +€564 | +48.4% |
| Stocks | 30/36 | €1,164 | €1,728 | +€564 | +48.4% |
| Amounts receivable within one year | 40/41 | €4,564 | €11,873 | +€7,310 | +160.2% |
| Trade receivables | 40 | €1,477 | €8,726 | +€7,249 | +490.6% |
| Other amounts receivable | 41 | €3,086 | €3,147 | +€61 | +2.0% |
| Cash at bank and in hand | 54/58 | €68,365 | €63,643 | -€4,722 | -6.9% |
| Deferred charges and accrued income | 490/1 | €1,148 | €2,107 | +€959 | +83.5% |
| Total equity and liabilities | 10/49 | €148,465 | €138,570 | -€9,895 | -6.7% |
| Equity | 10/15 | €90,073 | €111,182 | +€21,109 | +23.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €58,636 | €77,636 | +€19,000 | +32.4% |
| Distributable reserves | 133 | €58,636 | €77,636 | +€19,000 | +32.4% |
| Profit (loss) carried forward | 14 | €11,437 | €13,546 | +€2,109 | +18.4% |
| Amounts payable | 17/49 | €58,392 | €27,388 | -€31,004 | -53.1% |
| Amounts payable within one year | 42/48 | €58,392 | €27,388 | -€31,004 | -53.1% |
| Trade debts | 44 | €19,589 | €15,818 | -€3,771 | -19.2% |
| Suppliers | 440/4 | €19,589 | €15,818 | -€3,771 | -19.2% |
| Advances received on contracts in progress | 46 | - | €40 | +€40 | |
| Taxes, remuneration and social security | 45 | €32,315 | €5,753 | -€26,563 | -82.2% |
| Taxes | 450/3 | €9,366 | €596 | -€8,769 | -93.6% |
| Remuneration and social security | 454/9 | €22,949 | €5,156 | -€17,793 | -77.5% |
| Other amounts payable | 47/48 | €6,488 | €5,778 | -€711 | -11.0% |
| Remuneration, social security and pensions | 62 | €37,513 | €42,168 | +€4,655 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,599 | €14,005 | -€1,593 | -10.2% |
| Other operating charges | 640/8 | €1,320 | €1,224 | -€96 | -7.3% |
| Gross operating margin | 9900 | €84,455 | €89,187 | +€4,733 | +5.6% |
| Operating profit (loss) | 9901 | €30,022 | €31,789 | +€1,767 | +5.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,510 | €2,807 | +€297 | +11.9% |
| Recurring financial charges | 65 | €2,510 | €2,807 | +€297 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €27,512 | €28,982 | +€1,469 | +5.3% |
| Income taxes | 67/77 | €5,330 | €7,873 | +€2,543 | +47.7% |
| Profit (loss) for the period | 9904 | €22,182 | €21,109 | -€1,073 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,182 | €21,109 | -€1,073 | -4.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.