CPM: 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.
CPM
Largest movements
- Tangible fixed assets -€30,745
down €30,745 (-9.9%), from €312,098 to €281,353
of which Leasing and similar rights: -€16,690
- Deferred charges and accrued income -€10,458
down €10,458 (-91.8%), from €11,386 to €928
- Cash -€4,174
down €4,174 (-4.9%), from €85,477 to €81,302
mainly Other debts (-€36,000) and Debts after one year (-€21,250)
- Other debts -€36,000
down €36,000 (-33.2%), from €108,441 to €72,441
- Debts after one year -€21,250
down €21,250 (-15.0%), from €141,978 to €120,728
- Profit (loss) carried forward +€15,016
up €15,016 (+18.9%), from €79,517 to €94,533
- Gross operating margin -€20,600
down €20,600 (-24.5%), from €83,915 to €63,316
- Other operating charges -€4,180
down €4,180 (-38.6%), from €10,831 to €6,651
- Depreciation -€1,094
down €1,094 (-3.4%), from €31,840 to €30,745
- Financial charges -€1,078
down €1,078 (-9.0%), from €12,006 to €10,928
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 | €408,961 | €363,583 | -€45,378 | -11.1% |
| Fixed assets | 21/28 | €312,098 | €281,353 | -€30,745 | -9.9% |
| Tangible fixed assets | 22/27 | €312,098 | €281,353 | -€30,745 | -9.9% |
| Plant, machinery and equipment | 23 | €27,055 | €16,017 | -€11,037 | -40.8% |
| Leasing and similar rights | 25 | €256,736 | €240,046 | -€16,690 | -6.5% |
| Other tangible fixed assets | 26 | €28,307 | €25,289 | -€3,018 | -10.7% |
| Current assets | 29/58 | €96,863 | €82,231 | -€14,632 | -15.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €85,477 | €81,302 | -€4,174 | -4.9% |
| Deferred charges and accrued income | 490/1 | €11,386 | €928 | -€10,458 | -91.8% |
| Total equity and liabilities | 10/49 | €408,961 | €363,583 | -€45,378 | -11.1% |
| Equity | 10/15 | €131,132 | €146,148 | +€15,016 | +11.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,615 | €1,615 | = | 0.0% |
| Distributable reserves | 133 | €1,615 | €1,615 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,517 | €94,533 | +€15,016 | +18.9% |
| Amounts payable | 17/49 | €277,829 | €217,435 | -€60,394 | -21.7% |
| Amounts payable after more than one year | 17 | €141,978 | €120,728 | -€21,250 | -15.0% |
| Financial debts | 170/4 | €141,978 | €120,728 | -€21,250 | -15.0% |
| Amounts payable within one year | 42/48 | €135,851 | €96,707 | -€39,143 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €20,938 | €21,250 | +€312 | +1.5% |
| Trade debts | 44 | €3,700 | €1,672 | -€2,028 | -54.8% |
| Suppliers | 440/4 | €3,700 | €1,672 | -€2,028 | -54.8% |
| Taxes, remuneration and social security | 45 | €2,771 | €1,343 | -€1,428 | -51.5% |
| Taxes | 450/3 | €2,771 | €1,343 | -€1,428 | -51.5% |
| Other amounts payable | 47/48 | €108,441 | €72,441 | -€36,000 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,840 | €30,745 | -€1,094 | -3.4% |
| Other operating charges | 640/8 | €10,831 | €6,651 | -€4,180 | -38.6% |
| Gross operating margin | 9900 | €83,915 | €63,316 | -€20,600 | -24.5% |
| Operating profit (loss) | 9901 | €41,245 | €25,919 | -€15,325 | -37.2% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €12,006 | €10,928 | -€1,078 | -9.0% |
| Recurring financial charges | 65 | €12,006 | €10,928 | -€1,078 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €29,238 | €15,016 | -€14,222 | -48.6% |
| Profit (loss) for the period | 9904 | €29,238 | €15,016 | -€14,222 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,238 | €15,016 | -€14,222 | -48.6% |
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.