CXM Holding: 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.
What changed
CXM Holding
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€117,622
2024 · -€1.7m+€1.6m
Equity
€44.7m
2024 · €44.8m-€117,622
Cash
€21,600
2024 · €531,244-€509,645
Balance sheet total
€51.3m
2024 · €51.9m-€659,523
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Trade debts -€1.1m
down €1.1m (-96.4%), from €1.1m to €39,842
- Debts after one year -€928,895
down €928,895 (-100%), from €928,895 to €0
- Current portion of long-term debt +€928,895
up €928,895, from €0 to €928,895
- Other debts +€591,845
up €591,845 (+11.9%), from €5.0m to €5.6m
Income statement
- Services and other goods -€2.3m
down €2.3m (-80.4%), from €2.9m to €567,773
- Turnover -€827,253
down €827,253 (-57.6%), from €1.4m to €607,857
- Financial charges -€97,933
down €97,933 (-33.4%), from €292,883 to €194,950
- Financial income -€25,922
down €25,922 (-22.9%), from €113,320 to €87,398
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.
Result 2024
-€1.7m
Turnover
-€827,253
Services and other goods
+€2.3m
Other operating charges
-€716
Financial income
-€25,922
Financial charges
+€97,933
Result 2025
-€117,622
raises the resultlowers the result
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.
From operations
-€490,890
Investment
-€18,754
Financing
€0
Cash 2024
€531,244
From operations (derived)
-€490,890
Net result for the year
-€117,622
Receivables within one year
+€159,095
Deferred charges and accrued income
+€9,538
Trade debts
-€1.1m
Tax, wage and social debts
-€34,467
Other debts
+€591,845
Accrued charges and deferred income
-€31,731
Investment (derived)
-€18,754
Investment in fixed assets (net)
-€18,754
Financing
€0
Debts after one year
-€928,895
Current portion of long-term debt
+€928,895
Cash 2025
€21,600
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,946,993 | €51,287,470 | -€659,523 | -1.3% |
| Fixed assets | 21/28 | €47,594,530 | €47,613,284 | +€18,754 | 0.0% |
| Financial fixed assets | 28 | €47,594,530 | €47,613,284 | +€18,754 | 0.0% |
| Affiliated companies | 280/1 | €47,504,310 | €47,504,310 | = | 0.0% |
| Participating interests | 280 | €47,504,310 | €47,504,310 | = | 0.0% |
| Other financial fixed assets | 284/8 | €90,220 | €108,974 | +€18,754 | +20.8% |
| Amounts receivable and cash guarantees | 285/8 | €90,220 | €108,974 | +€18,754 | +20.8% |
| Current assets | 29/58 | €4,352,464 | €3,674,186 | -€678,277 | -15.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,808,325 | €3,649,230 | -€159,095 | -4.2% |
| Trade receivables | 40 | €475,024 | €0 | -€475,024 | -100% |
| Other amounts receivable | 41 | €3,333,301 | €3,649,230 | +€315,929 | +9.5% |
| Cash at bank and in hand | 54/58 | €531,244 | €21,600 | -€509,645 | -95.9% |
| Deferred charges and accrued income | 490/1 | €12,894 | €3,356 | -€9,538 | -74.0% |
| Total equity and liabilities | 10/49 | €51,946,993 | €51,287,470 | -€659,523 | -1.3% |
| Equity | 10/15 | €44,824,935 | €44,707,313 | -€117,622 | -0.3% |
| Contributions | 10/11 | €47,927,365 | €47,927,365 | = | 0.0% |
| Capital | 10 | €37,797,935 | €37,797,935 | = | 0.0% |
| Issued capital | 100 | €37,797,935 | €37,797,935 | = | 0.0% |
| Contributions outside capital | 11 | €10,129,430 | €10,129,430 | = | 0.0% |
| Share premium | 1100/10 | €3,436,469 | €3,436,469 | = | 0.0% |
| Other | 1109/19 | €6,692,961 | €6,692,961 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,102,430 | -€3,220,052 | -€117,622 | -3.8% |
| Amounts payable | 17/49 | €7,122,059 | €6,580,157 | -€541,902 | -7.6% |
| Amounts payable after more than one year | 17 | €928,895 | €0 | -€928,895 | -100% |
| Financial debts | 170/4 | €928,895 | €0 | -€928,895 | -100% |
| Credit institutions | 173 | €0 | - | = | |
| Other loans | 174 | €928,895 | €0 | -€928,895 | -100% |
| Amounts payable within one year | 42/48 | €6,153,261 | €6,571,986 | +€418,724 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €928,895 | +€928,895 | |
| Trade debts | 44 | €1,107,391 | €39,842 | -€1.1m | -96.4% |
| Suppliers | 440/4 | €1,107,391 | €39,842 | -€1.1m | -96.4% |
| Taxes, remuneration and social security | 45 | €57,853 | €23,387 | -€34,467 | -59.6% |
| Taxes | 450/3 | €57,853 | €23,387 | -€34,467 | -59.6% |
| Other amounts payable | 47/48 | €4,988,017 | €5,579,862 | +€591,845 | +11.9% |
| Accrued charges and deferred income | 492/3 | €39,902 | €8,171 | -€31,731 | -79.5% |
| Operating income | 70/76A | €1,435,110 | €607,857 | -€827,253 | -57.6% |
| Turnover | 70 | €1,435,110 | €607,857 | -€827,253 | -57.6% |
| Operating charges | 60/66A | €2,940,130 | €617,926 | -€2.3m | -79.0% |
| Services and other goods | 61 | €2,890,692 | €567,773 | -€2.3m | -80.4% |
| Other operating charges | 640/8 | €49,438 | €50,154 | +€716 | +1.4% |
| Operating profit (loss) | 9901 | -€1,505,020 | -€10,070 | +€1.5m | +99.3% |
| Financial income | 75/76B | €113,320 | €87,398 | -€25,922 | -22.9% |
| Recurring financial income | 75 | €113,320 | €87,398 | -€25,922 | -22.9% |
| Income from current assets | 751 | €113,320 | €87,397 | -€25,923 | -22.9% |
| Other financial income | 752/9 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €292,883 | €194,950 | -€97,933 | -33.4% |
| Recurring financial charges | 65 | €292,883 | €194,950 | -€97,933 | -33.4% |
| Debt charges | 650 | €290,101 | €194,309 | -€95,792 | -33.0% |
| Other financial charges | 652/9 | €2,782 | €641 | -€2,141 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,684,583 | -€117,622 | +€1.6m | +93.0% |
| Profit (loss) for the period | 9904 | -€1,684,583 | -€117,622 | +€1.6m | +93.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,684,583 | -€117,622 | +€1.6m | +93.0% |
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 26 October 2026 via checked.be.