CSML GO: 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.
CSML GO
Largest movements
- Cash +€250,878
up €250,878 (+139%), from €180,594 to €431,472
mainly Net result for the year (+€410,050) and Tax, wage and social debts (+€78,609)
- Current investments +€173,548
up €173,548 (+239%), from €72,540 to €246,088
- Deferred charges and accrued income +€46,760
up €46,760 (+496%), from €9,432 to €56,192
- Tangible fixed assets -€28,824
down €28,824 (-34.7%), from €83,165 to €54,341
- Receivables within one year +€13,548
new in 2025: €13,548
- Reserves +€410,050
up €410,050 (+169%), from €242,609 to €652,658
- Tax, wage and social debts +€78,609
up €78,609 (+130%), from €60,685 to €139,294
of which Taxes: +€73,830
- Other debts -€31,730
no longer reported in 2025 (was €31,730)
- Gross operating margin +€296,408
up €296,408 (+95.8%), from €309,377 to €605,785
- Taxes +€73,034
up €73,034 (+120%), from €60,693 to €133,726
- Staff costs +€8,623
up €8,623 (+34.7%), from €24,817 to €33,440
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.
Derived cash bridge
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 | €345,731 | €801,641 | +€455,910 | +132% |
| Fixed assets | 21/28 | €83,165 | €54,341 | -€28,824 | -34.7% |
| Tangible fixed assets | 22/27 | €83,165 | €54,341 | -€28,824 | -34.7% |
| Furniture and vehicles | 24 | €83,165 | €54,341 | -€28,824 | -34.7% |
| Current assets | 29/58 | €262,566 | €747,300 | +€484,734 | +185% |
| Amounts receivable within one year | 40/41 | - | €13,548 | +€13,548 | |
| Other amounts receivable | 41 | - | €13,548 | +€13,548 | |
| Current investments | 50/53 | €72,540 | €246,088 | +€173,548 | +239% |
| Cash at bank and in hand | 54/58 | €180,594 | €431,472 | +€250,878 | +139% |
| Deferred charges and accrued income | 490/1 | €9,432 | €56,192 | +€46,760 | +496% |
| Total equity and liabilities | 10/49 | €345,731 | €801,641 | +€455,910 | +132% |
| Equity | 10/15 | €247,609 | €657,658 | +€410,050 | +166% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €242,609 | €652,658 | +€410,050 | +169% |
| Distributable reserves | 133 | €242,609 | €652,658 | +€410,050 | +169% |
| Amounts payable | 17/49 | €98,122 | €143,982 | +€45,860 | +46.7% |
| Amounts payable within one year | 42/48 | €95,914 | €141,774 | +€45,860 | +47.8% |
| Trade debts | 44 | €3,499 | €2,481 | -€1,019 | -29.1% |
| Suppliers | 440/4 | €3,499 | €2,481 | -€1,019 | -29.1% |
| Taxes, remuneration and social security | 45 | €60,685 | €139,294 | +€78,609 | +130% |
| Taxes | 450/3 | €60,685 | €134,515 | +€73,830 | +122% |
| Remuneration and social security | 454/9 | - | €4,779 | +€4,779 | |
| Other amounts payable | 47/48 | €31,730 | - | -€31,730 | |
| Accrued charges and deferred income | 492/3 | €2,208 | €2,208 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €24,817 | €33,440 | +€8,623 | +34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,681 | €29,883 | +€202 | +0.7% |
| Other operating charges | 640/8 | €1,245 | €887 | -€358 | -28.8% |
| Gross operating margin | 9900 | €309,377 | €605,785 | +€296,408 | +95.8% |
| Operating profit (loss) | 9901 | €253,634 | €541,575 | +€287,941 | +114% |
| Financial income | 75/76B | €47 | €2,257 | +€2,210 | +4,659% |
| Recurring financial income | 75 | €47 | €2,257 | +€2,210 | +4,659% |
| Financial charges | 65/66B | €2,260 | €56 | -€2,204 | -97.5% |
| Recurring financial charges | 65 | €2,260 | €56 | -€2,204 | -97.5% |
| Profit (loss) for the period before taxes | 9903 | €251,421 | €543,776 | +€292,355 | +116% |
| Income taxes | 67/77 | €60,693 | €133,726 | +€73,034 | +120% |
| Profit (loss) for the period | 9904 | €190,728 | €410,050 | +€219,322 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €190,728 | €410,050 | +€219,322 | +115% |
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 17 October 2026 via checked.be.