CWMG: 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.
CWMG
Largest movements
- Receivables within one year +€4,169
up €4,169 (+244%), from €1,709 to €5,877
of which Other amounts receivable: +€5,084
- Cash +€2,332
up €2,332 (+3.0%), from €76,836 to €79,167
mainly Other debts (+€93,412) and Depreciation (+€589)
- Other debts +€93,412
up €93,412 (+4,348%), from €2,148 to €95,560
- Profit (loss) carried forward -€80,725
down €80,725, from €69,369 to -€11,356
- Tax, wage and social debts -€6,972
down €6,972 (-100%), from €6,972 to €0
- Financial charges +€22,618
up €22,618 (+120%), from €18,872 to €41,489
- Gross operating margin -€18,855
down €18,855 (-37.7%), from €50,003 to €31,147
- Taxes -€7,113
down €7,113 (-98.2%), from €7,245 to €132
- Financial income -€657
down €657 (-47.7%), from €1,378 to €721
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 | €85,129 | €90,944 | +€5,814 | +6.8% |
| Fixed assets | 21/28 | €1,645 | €1,056 | -€589 | -35.8% |
| Tangible fixed assets | 22/27 | €1,645 | €1,056 | -€589 | -35.8% |
| Furniture and vehicles | 24 | €1,645 | €1,056 | -€589 | -35.8% |
| Current assets | 29/58 | €83,484 | €89,887 | +€6,403 | +7.7% |
| Amounts receivable within one year | 40/41 | €1,709 | €5,877 | +€4,169 | +244% |
| Trade receivables | 40 | €1,709 | €793 | -€916 | -53.6% |
| Other amounts receivable | 41 | €0 | €5,084 | +€5,084 | |
| Cash at bank and in hand | 54/58 | €76,836 | €79,167 | +€2,332 | +3.0% |
| Deferred charges and accrued income | 490/1 | €4,940 | €4,843 | -€97 | -2.0% |
| Total equity and liabilities | 10/49 | €85,129 | €90,944 | +€5,814 | +6.8% |
| Equity | 10/15 | €74,369 | -€6,356 | -€80,725 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,369 | -€11,356 | -€80,725 | |
| Amounts payable | 17/49 | €10,760 | €97,299 | +€86,539 | +804% |
| Amounts payable within one year | 42/48 | €10,263 | €96,711 | +€86,448 | +842% |
| Trade debts | 44 | €1,142 | €1,151 | +€9 | +0.8% |
| Suppliers | 440/4 | €1,142 | €1,151 | +€9 | +0.8% |
| Taxes, remuneration and social security | 45 | €6,972 | €0 | -€6,972 | -100% |
| Taxes | 450/3 | €6,972 | €0 | -€6,972 | -100% |
| Other amounts payable | 47/48 | €2,148 | €95,560 | +€93,412 | +4,348% |
| Accrued charges and deferred income | 492/3 | €497 | €588 | +€91 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €450 | €589 | +€139 | +30.8% |
| Other operating charges | 640/8 | €1,440 | €1,013 | -€427 | -29.6% |
| Gross operating margin | 9900 | €50,003 | €31,147 | -€18,855 | -37.7% |
| Operating profit (loss) | 9901 | €48,112 | €29,545 | -€18,567 | -38.6% |
| Financial income | 75/76B | €1,378 | €721 | -€657 | -47.7% |
| Recurring financial income | 75 | €1,378 | €721 | -€657 | -47.7% |
| Financial charges | 65/66B | €18,872 | €41,489 | +€22,618 | +120% |
| Recurring financial charges | 65 | €18,872 | €41,489 | +€22,618 | +120% |
| Profit (loss) for the period before taxes | 9903 | €30,619 | -€11,224 | -€41,842 | |
| Income taxes | 67/77 | €7,245 | €132 | -€7,113 | -98.2% |
| Profit (loss) for the period | 9904 | €23,373 | -€11,356 | -€34,729 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,373 | -€11,356 | -€34,729 |
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 13 October 2026 via checked.be.