CMUSCH SRL: 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.
CMUSCH SRL
Largest movements
- Cash +€17,446
up €17,446 (+10.1%), from €172,375 to €189,821
mainly Other debts (+€89,601) and Net result for the year (+€83,136)
- Receivables within one year +€11,824
up €11,824 (+75.5%), from €15,652 to €27,476
of which Trade receivables: +€11,824
- Tangible fixed assets -€6,503
down €6,503 (-84.4%), from €7,703 to €1,200
of which Furniture and vehicles: -€6,503
- Other debts +€89,601
up €89,601 (+155.4%), from €57,659 to €147,259
- Tax, wage and social debts -€41,669
down €41,669 (-67.9%), from €61,351 to €19,682
of which Taxes: -€36,876
- Profit (loss) carried forward -€22,000
down €22,000 (-100.0%), from €22,000 to €0
- Debts after one year -€4,975
down €4,975 (-11.1%), from €44,975 to €40,000
- Gross operating margin -€28,405
down €28,405 (-15.6%), from €182,299 to €153,893
- Taxes -€7,772
down €7,772 (-23.7%), from €32,792 to €25,020
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 | €198,450 | €219,246 | +€20,797 | +10.5% |
| Fixed assets | 21/28 | €7,703 | €1,200 | -€6,503 | -84.4% |
| Tangible fixed assets | 22/27 | €7,703 | €1,200 | -€6,503 | -84.4% |
| Furniture and vehicles | 24 | €6,503 | €0 | -€6,503 | -100.0% |
| Other tangible fixed assets | 26 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €190,746 | €218,046 | +€27,300 | +14.3% |
| Amounts receivable within one year | 40/41 | €15,652 | €27,476 | +€11,824 | +75.5% |
| Trade receivables | 40 | €15,652 | €27,476 | +€11,824 | +75.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €172,375 | €189,821 | +€17,446 | +10.1% |
| Deferred charges and accrued income | 490/1 | €2,720 | €750 | -€1,970 | -72.4% |
| Total equity and liabilities | 10/49 | €198,450 | €219,246 | +€20,797 | +10.5% |
| Equity | 10/15 | €27,000 | €5,000 | -€22,000 | -81.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,000 | €0 | -€22,000 | -100.0% |
| Amounts payable | 17/49 | €171,450 | €214,246 | +€42,797 | +25.0% |
| Amounts payable after more than one year | 17 | €44,975 | €40,000 | -€4,975 | -11.1% |
| Financial debts | 170/4 | €44,975 | €40,000 | -€4,975 | -11.1% |
| Amounts payable within one year | 42/48 | €126,474 | €174,246 | +€47,772 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €5,912 | €4,975 | -€937 | -15.8% |
| Trade debts | 44 | €1,552 | €2,329 | +€777 | +50.1% |
| Suppliers | 440/4 | €1,552 | €2,329 | +€777 | +50.1% |
| Taxes, remuneration and social security | 45 | €61,351 | €19,682 | -€41,669 | -67.9% |
| Taxes | 450/3 | €46,239 | €9,364 | -€36,876 | -79.7% |
| Remuneration and social security | 454/9 | €15,112 | €10,319 | -€4,793 | -31.7% |
| Other amounts payable | 47/48 | €57,659 | €147,259 | +€89,601 | +155.4% |
| Remuneration, social security and pensions | 62 | €35,638 | €37,298 | +€1,660 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,304 | €6,503 | -€800 | -11.0% |
| Other operating charges | 640/8 | €674 | €1,136 | +€462 | +68.5% |
| Gross operating margin | 9900 | €182,299 | €153,893 | -€28,405 | -15.6% |
| Operating profit (loss) | 9901 | €138,683 | €108,956 | -€29,727 | -21.4% |
| Financial income | 75/76B | €268 | €0 | -€268 | -100.0% |
| Recurring financial income | 75 | €268 | €0 | -€268 | -100.0% |
| Financial charges | 65/66B | €412 | €800 | +€388 | +94.2% |
| Recurring financial charges | 65 | €412 | €800 | +€388 | +94.2% |
| Profit (loss) for the period before taxes | 9903 | €138,539 | €108,157 | -€30,382 | -21.9% |
| Income taxes | 67/77 | €32,792 | €25,020 | -€7,772 | -23.7% |
| Profit (loss) for the period | 9904 | €105,747 | €83,136 | -€22,611 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €105,747 | €83,136 | -€22,611 | -21.4% |
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 10 October 2026 via checked.be.