CWMS: 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.
CWMS
Largest movements
- Cash +€95,387
up €95,387 (+36.2%), from €263,783 to €359,170
mainly Trade debts (+€56,594) and Depreciation (+€52,968)
- Tangible fixed assets +€93,515
up €93,515 (+101.3%), from €92,272 to €185,788
of which Furniture and vehicles: +€95,544
- Receivables within one year -€19,930
down €19,930 (-19.6%), from €101,486 to €81,556
of which Other amounts receivable: -€11,551
- Trade debts +€56,594
up €56,594 (+38.9%), from €145,487 to €202,081
- Debts after one year +€42,112
up €42,112 (+164.7%), from €25,569 to €67,681
- Reserves +€37,272
up €37,272 (+16.5%), from €225,810 to €263,082
of which Distributable reserves: +€37,272
- Current portion of long-term debt +€27,509
up €27,509 (+90.6%), from €30,379 to €57,887
- Tax, wage and social debts +€8,380
up €8,380 (+61.0%), from €13,738 to €22,117
of which Taxes: +€8,173
- Gross operating margin +€60,118
up €60,118 (+42.9%), from €140,100 to €200,218
- Taxes +€15,417
up €15,417 (+154.1%), from €10,003 to €25,420
- Other operating charges +€5,880
up €5,880 (+177.8%), from €3,308 to €9,188
- Financial income -€5,614
down €5,614 (-74.6%), from €7,528 to €1,913
of which Non-recurring financial income: -€5,624
- Financial charges +€4,886
up €4,886 (+152.6%), from €3,202 to €8,088
of which Non-recurring financial charges: +€5,131
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 | €459,582 | €631,449 | +€171,867 | +37.4% |
| Fixed assets | 21/28 | €94,312 | €187,828 | +€93,515 | +99.2% |
| Tangible fixed assets | 22/27 | €92,272 | €185,788 | +€93,515 | +101.3% |
| Plant, machinery and equipment | 23 | €1,666 | €996 | -€670 | -40.2% |
| Furniture and vehicles | 24 | €80,913 | €176,457 | +€95,544 | +118.1% |
| Other tangible fixed assets | 26 | €9,694 | €8,335 | -€1,358 | -14.0% |
| Financial fixed assets | 28 | €2,040 | €2,040 | = | 0.0% |
| Current assets | 29/58 | €365,269 | €443,621 | +€78,352 | +21.5% |
| Amounts receivable within one year | 40/41 | €101,486 | €81,556 | -€19,930 | -19.6% |
| Trade receivables | 40 | €71,194 | €62,815 | -€8,378 | -11.8% |
| Other amounts receivable | 41 | €30,292 | €18,741 | -€11,551 | -38.1% |
| Cash at bank and in hand | 54/58 | €263,783 | €359,170 | +€95,387 | +36.2% |
| Deferred charges and accrued income | 490/1 | - | €2,894 | +€2,894 | |
| Total equity and liabilities | 10/49 | €459,582 | €631,449 | +€171,867 | +37.4% |
| Equity | 10/15 | €244,410 | €281,682 | +€37,272 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €225,810 | €263,082 | +€37,272 | +16.5% |
| Tax-exempt reserves | 132 | €152,202 | €152,202 | = | 0.0% |
| Distributable reserves | 133 | €73,608 | €110,880 | +€37,272 | +50.6% |
| Amounts payable | 17/49 | €215,172 | €349,767 | +€134,595 | +62.6% |
| Amounts payable after more than one year | 17 | €25,569 | €67,681 | +€42,112 | +164.7% |
| Financial debts | 170/4 | €25,569 | €67,681 | +€42,112 | +164.7% |
| Amounts payable within one year | 42/48 | €189,603 | €282,085 | +€92,483 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | €30,379 | €57,887 | +€27,509 | +90.6% |
| Trade debts | 44 | €145,487 | €202,081 | +€56,594 | +38.9% |
| Suppliers | 440/4 | €145,487 | €202,081 | +€56,594 | +38.9% |
| Taxes, remuneration and social security | 45 | €13,738 | €22,117 | +€8,380 | +61.0% |
| Taxes | 450/3 | €3,451 | €11,624 | +€8,173 | +236.8% |
| Remuneration and social security | 454/9 | €10,286 | €10,493 | +€207 | +2.0% |
| Remuneration, social security and pensions | 62 | €65,812 | €69,195 | +€3,383 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,839 | €52,968 | +€3,129 | +6.3% |
| Other operating charges | 640/8 | €3,308 | €9,188 | +€5,880 | +177.8% |
| Gross operating margin | 9900 | €140,100 | €200,218 | +€60,118 | +42.9% |
| Operating profit (loss) | 9901 | €21,141 | €68,868 | +€47,726 | +225.7% |
| Financial income | 75/76B | €7,528 | €1,913 | -€5,614 | -74.6% |
| Recurring financial income | 75 | €1,903 | €1,913 | +€10 | +0.5% |
| Non-recurring financial income | 76B | €5,624 | - | -€5,624 | |
| Financial charges | 65/66B | €3,202 | €8,088 | +€4,886 | +152.6% |
| Recurring financial charges | 65 | €3,202 | €2,957 | -€245 | -7.7% |
| Non-recurring financial charges | 66B | - | €5,131 | +€5,131 | |
| Profit (loss) for the period before taxes | 9903 | €25,467 | €62,693 | +€37,226 | +146.2% |
| Income taxes | 67/77 | €10,003 | €25,420 | +€15,417 | +154.1% |
| Profit (loss) for the period | 9904 | €15,464 | €37,272 | +€21,809 | +141.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,464 | €37,272 | +€21,809 | +141.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.