CMD Consulting: 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.
CMD Consulting
Largest movements
- Cash +€48,188
up €48,188 (+392%), from €12,279 to €60,467
mainly Net result for the year (+€41,567) and Depreciation (+€8,948)
- Tangible fixed assets -€7,210
down €7,210 (-20.5%), from €35,142 to €27,932
- Deferred charges and accrued income +€1,192
up €1,192 (+51.9%), from €2,296 to €3,488
- Receivables within one year +€1,066
up €1,066 (+9.6%), from €11,123 to €12,189
of which Trade receivables: +€834
- Profit (loss) carried forward +€41,567
up €41,567 (+109%), from €38,107 to €79,674
- Advances received +€1,890
new in 2025: €1,890
- Gross operating margin +€5,125
up €5,125 (+8.8%), from €57,923 to €63,047
- Taxes +€1,664
up €1,664 (+15.8%), from €10,538 to €12,202
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 | €60,840 | €104,076 | +€43,237 | +71.1% |
| Fixed assets | 21/28 | €35,142 | €27,932 | -€7,210 | -20.5% |
| Tangible fixed assets | 22/27 | €35,142 | €27,932 | -€7,210 | -20.5% |
| Furniture and vehicles | 24 | €35,142 | €27,932 | -€7,210 | -20.5% |
| Current assets | 29/58 | €25,698 | €76,144 | +€50,446 | +196% |
| Amounts receivable within one year | 40/41 | €11,123 | €12,189 | +€1,066 | +9.6% |
| Trade receivables | 40 | €11,123 | €11,958 | +€834 | +7.5% |
| Other amounts receivable | 41 | - | €231 | +€231 | |
| Cash at bank and in hand | 54/58 | €12,279 | €60,467 | +€48,188 | +392% |
| Deferred charges and accrued income | 490/1 | €2,296 | €3,488 | +€1,192 | +51.9% |
| Total equity and liabilities | 10/49 | €60,840 | €104,076 | +€43,237 | +71.1% |
| Equity | 10/15 | €40,107 | €81,674 | +€41,567 | +104% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,107 | €79,674 | +€41,567 | +109% |
| Amounts payable | 17/49 | €20,733 | €22,402 | +€1,669 | +8.1% |
| Amounts payable within one year | 42/48 | €20,733 | €22,402 | +€1,669 | +8.1% |
| Trade debts | 44 | €60 | €121 | +€61 | +102% |
| Suppliers | 440/4 | €60 | €121 | +€61 | +102% |
| Advances received on contracts in progress | 46 | - | €1,890 | +€1,890 | |
| Taxes, remuneration and social security | 45 | €19,652 | €20,391 | +€739 | +3.8% |
| Taxes | 450/3 | €19,652 | €20,391 | +€739 | +3.8% |
| Other amounts payable | 47/48 | €1,021 | - | -€1,021 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,557 | €8,948 | +€390 | +4.6% |
| Other operating charges | 640/8 | €843 | €398 | -€445 | -52.8% |
| Gross operating margin | 9900 | €57,923 | €63,047 | +€5,125 | +8.8% |
| Operating profit (loss) | 9901 | €48,522 | €53,701 | +€5,179 | +10.7% |
| Financial income | 75/76B | €130 | €165 | +€35 | +27.1% |
| Recurring financial income | 75 | €130 | €165 | +€35 | +27.1% |
| Financial charges | 65/66B | €7 | €97 | +€90 | +1,302% |
| Recurring financial charges | 65 | €7 | €97 | +€90 | +1,302% |
| Profit (loss) for the period before taxes | 9903 | €48,645 | €53,769 | +€5,125 | +10.5% |
| Income taxes | 67/77 | €10,538 | €12,202 | +€1,664 | +15.8% |
| Profit (loss) for the period | 9904 | €38,107 | €41,567 | +€3,460 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,107 | €41,567 | +€3,460 | +9.1% |
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.