CPM Construct: 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.
CPM Construct
Largest movements
- Cash -€19,814
down €19,814 (-58.1%), from €34,130 to €14,315
mainly Contributions, distributions and other (-€25,000) and Debts after one year (-€20,000)
- Receivables within one year +€11,979
new in 2025: €11,979
- Tangible fixed assets +€5,115
up €5,115 (+83.3%), from €6,140 to €11,255
of which Furniture and vehicles: +€5,225
- Debts after one year -€20,000
down €20,000 (-14.9%), from €134,000 to €114,000
- Other debts +€16,133
up €16,133 (+245.4%), from €6,573 to €22,706
- Current portion of long-term debt -€16,000
down €16,000 (-45.7%), from €35,000 to €19,000
- Profit (loss) carried forward +€7,996
up €7,996 (+7.7%), from €103,769 to €111,765
- Tax, wage and social debts +€5,749
up €5,749 (+18.2%), from €31,580 to €37,328
- Gross operating margin +€3,009
up €3,009 (+5.6%), from €53,750 to €56,759
- Financial charges +€2,273
up €2,273 (+65.8%), from €3,454 to €5,727
- Other operating charges +€778
up €778 (+74.8%), from €1,040 to €1,817
- Taxes +€601
up €601 (+4.4%), from €13,683 to €14,284
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 | €316,375 | €311,105 | -€5,270 | -1.7% |
| Fixed assets | 21/28 | €276,140 | €281,255 | +€5,115 | +1.9% |
| Tangible fixed assets | 22/27 | €6,140 | €11,255 | +€5,115 | +83.3% |
| Plant, machinery and equipment | 23 | €110 | - | -€110 | |
| Furniture and vehicles | 24 | €6,030 | €11,255 | +€5,225 | +86.7% |
| Financial fixed assets | 28 | €270,000 | €270,000 | = | 0.0% |
| Current assets | 29/58 | €40,235 | €29,850 | -€10,385 | -25.8% |
| Amounts receivable within one year | 40/41 | - | €11,979 | +€11,979 | |
| Trade receivables | 40 | - | €11,979 | +€11,979 | |
| Cash at bank and in hand | 54/58 | €34,130 | €14,315 | -€19,814 | -58.1% |
| Deferred charges and accrued income | 490/1 | €6,106 | €3,556 | -€2,550 | -41.8% |
| Total equity and liabilities | 10/49 | €316,375 | €311,105 | -€5,270 | -1.7% |
| Equity | 10/15 | €108,769 | €116,765 | +€7,996 | +7.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,769 | €111,765 | +€7,996 | +7.7% |
| Amounts payable | 17/49 | €207,606 | €194,340 | -€13,266 | -6.4% |
| Amounts payable after more than one year | 17 | €134,000 | €114,000 | -€20,000 | -14.9% |
| Other amounts payable | 178/9 | €134,000 | €114,000 | -€20,000 | -14.9% |
| Amounts payable within one year | 42/48 | €73,606 | €80,340 | +€6,734 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €35,000 | €19,000 | -€16,000 | -45.7% |
| Trade debts | 44 | €453 | €1,305 | +€852 | +188.2% |
| Suppliers | 440/4 | €453 | €1,305 | +€852 | +188.2% |
| Taxes, remuneration and social security | 45 | €31,580 | €37,328 | +€5,749 | +18.2% |
| Taxes | 450/3 | €31,580 | €37,328 | +€5,749 | +18.2% |
| Other amounts payable | 47/48 | €6,573 | €22,706 | +€16,133 | +245.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,748 | €1,935 | +€187 | +10.7% |
| Other operating charges | 640/8 | €1,040 | €1,817 | +€778 | +74.8% |
| Gross operating margin | 9900 | €53,750 | €56,759 | +€3,009 | +5.6% |
| Operating profit (loss) | 9901 | €50,963 | €53,007 | +€2,044 | +4.0% |
| Financial charges | 65/66B | €3,454 | €5,727 | +€2,273 | +65.8% |
| Recurring financial charges | 65 | €3,454 | €5,727 | +€2,273 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | €47,509 | €47,280 | -€229 | -0.5% |
| Income taxes | 67/77 | €13,683 | €14,284 | +€601 | +4.4% |
| Profit (loss) for the period | 9904 | €33,826 | €32,996 | -€830 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,826 | €32,996 | -€830 | -2.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.