CMG: 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.
CMG
Largest movements
- Cash -€48,517
down €48,517 (-94.8%), from €51,173 to €2,656
mainly Other debts (-€37,984) and Receivables within one year (-€36,671)
- Tangible fixed assets -€36,913
down €36,913 (-5.8%), from €632,921 to €596,008
of which Assets under construction and advance payments: -€106,056
- Receivables within one year +€36,671
up €36,671 (+9.2%), from €397,393 to €434,064
of which Trade receivables: +€18,641
- Other debts -€37,984
down €37,984 (-17.3%), from €220,194 to €182,210
- Debts after one year -€28,813
down €28,813 (-2.5%), from €1.1m to €1.1m
- Tax, wage and social debts +€27,757
up €27,757 (+240%), from €11,544 to €39,302
- Financial charges +€15,439
up €15,439 (+41.8%), from €36,961 to €52,400
- Gross operating margin +€12,821
up €12,821 (+12.7%), from €100,630 to €113,452
- Depreciation +€10,769
up €10,769 (+41.2%), from €26,145 to €36,913
- Write-downs +€6,414
new in 2024: €6,414
- Taxes -€5,715
down €5,715 (-59.8%), from €9,549 to €3,834
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,693,290 | €1,644,469 | -€48,821 | -2.9% |
| Fixed assets | 21/28 | €1,233,541 | €1,196,628 | -€36,913 | -3.0% |
| Tangible fixed assets | 22/27 | €632,921 | €596,008 | -€36,913 | -5.8% |
| Land and buildings | 22 | €524,414 | €570,103 | +€45,689 | +8.7% |
| Plant, machinery and equipment | 23 | €1,807 | €1,346 | -€461 | -25.5% |
| Furniture and vehicles | 24 | €644 | €24,558 | +€23,915 | +3,715% |
| Assets under construction and advance payments | 27 | €106,056 | €0 | -€106,056 | -100% |
| Financial fixed assets | 28 | €600,620 | €600,620 | = | 0.0% |
| Current assets | 29/58 | €459,748 | €447,841 | -€11,908 | -2.6% |
| Amounts receivable within one year | 40/41 | €397,393 | €434,064 | +€36,671 | +9.2% |
| Trade receivables | 40 | €100,993 | €119,634 | +€18,641 | +18.5% |
| Other amounts receivable | 41 | €296,400 | €314,430 | +€18,030 | +6.1% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,173 | €2,656 | -€48,517 | -94.8% |
| Deferred charges and accrued income | 490/1 | €1,182 | €1,121 | -€62 | -5.2% |
| Total equity and liabilities | 10/49 | €1,693,290 | €1,644,469 | -€48,821 | -2.9% |
| Equity | 10/15 | €177,540 | €181,117 | +€3,577 | +2.0% |
| Contributions | 10/11 | €118,953 | €118,953 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,587 | €62,164 | +€3,577 | +6.1% |
| Amounts payable | 17/49 | €1,515,750 | €1,463,352 | -€52,398 | -3.5% |
| Amounts payable after more than one year | 17 | €1,144,557 | €1,115,743 | -€28,813 | -2.5% |
| Financial debts | 170/4 | €1,144,557 | €1,115,743 | -€28,813 | -2.5% |
| Amounts payable within one year | 42/48 | €371,193 | €347,366 | -€23,828 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €121,238 | €119,369 | -€1,869 | -1.5% |
| Financial debts | 43 | €1,768 | €4,620 | +€2,852 | +161% |
| Credit institutions | 430/8 | €1,768 | €4,620 | +€2,852 | +161% |
| Trade debts | 44 | €16,448 | €1,864 | -€14,584 | -88.7% |
| Suppliers | 440/4 | €16,448 | €1,864 | -€14,584 | -88.7% |
| Taxes, remuneration and social security | 45 | €11,544 | €39,302 | +€27,757 | +240% |
| Taxes | 450/3 | €11,544 | €39,302 | +€27,757 | +240% |
| Other amounts payable | 47/48 | €220,194 | €182,210 | -€37,984 | -17.3% |
| Accrued charges and deferred income | 492/3 | - | €243 | +€243 | |
| Non-recurring operating income | 76A | €247 | - | -€247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,145 | €36,913 | +€10,769 | +41.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,414 | +€6,414 | |
| Other operating charges | 640/8 | €6,163 | €7,685 | +€1,522 | +24.7% |
| Non-recurring operating charges | 66A | €8,000 | €2,628 | -€5,372 | -67.1% |
| Gross operating margin | 9900 | €100,630 | €113,452 | +€12,821 | +12.7% |
| Operating profit (loss) | 9901 | €60,323 | €59,811 | -€512 | -0.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €36,961 | €52,400 | +€15,439 | +41.8% |
| Recurring financial charges | 65 | €36,961 | €52,400 | +€15,439 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €23,362 | €7,411 | -€15,951 | -68.3% |
| Income taxes | 67/77 | €9,549 | €3,834 | -€5,715 | -59.8% |
| Profit (loss) for the period | 9904 | €13,813 | €3,577 | -€10,236 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,813 | €3,577 | -€10,236 | -74.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.