CL
Annual accounts 2025
abbreviated format, filed on 13-07-2026, 18 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €290,000. Estimated: probably between €280,000 and €360,000.
Balance sheet
balance sheet total €2.2m on 31-12-2025in €m
in euro
Position in the sector
54.1%
Higher than 69% of 11,297 companies in 2025.
0.05
Higher than 7% of 10,849 companies in 2025.
4.6%
Higher than 72% of 11,182 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
2.2m | 2.4m | 2.4m | 2.4m | 2.4m | 2.5m | 2.5m | 2.6m | 2.6m | 2.0m | 2.0m | 1.8m | 1.6m | 1.2m | 1.3m | 1.4m | 1.4m | 1.6m | 437,214 | 485,296 | |
21/28 |
2.2m | 2.3m | 2.3m | 2.3m | 2.3m | 2.4m | 2.4m | 2.5m | 2.5m | 1.9m | 2.0m | 1.8m | 1.6m | 1.2m | 1.2m | 1.3m | 1.3m | 1.3m | 411,435 | 441,923 | |
22/27 |
2.2m | 2.3m | 2.3m | 2.3m | 2.3m | 2.4m | 2.4m | 2.5m | 2.5m | 1.9m | 2.0m | 1.8m | 1.6m | 1.2m | 1.2m | 1.3m | 1.3m | 1.3m | 411,435 | 441,923 | |
22 |
2.1m | 2.2m | 2.2m | 2.3m | 2.3m | 2.4m | 2.4m | 2.5m | 2.5m | 1.9m | 2.0m | 1.8m | 1.6m | 1.2m | 1.2m | 1.3m | 1.3m | 1.3m | 411,435 | 441,579 | |
23 |
92,027 | 76,509 | 75,016 | 1,001 | 1,417 | 1,833 | - | - | - | - | - | - | - | - | - | - | - | - | - | 344 | |
29/58 |
28,134 | 103,931 | 71,306 | 84,686 | 53,517 | 78,129 | 43,668 | 65,360 | 40,444 | 22,260 | 8,982 | 71,541 | 9,319 | 30,652 | 11,279 | 65,795 | 51,187 | 254,314 | 25,779 | 43,373 | |
40/41 |
1,459 | 14,340 | 17,181 | 41,801 | 24,411 | 13,751 | 18,834 | 31,217 | 27,715 | 8,423 | 283 | 51,611 | 5 | - | 54 | 784 | 44,028 | 46,830 | 12,498 | 39,435 | |
40 |
1,459 | 7,069 | 10,915 | 25,769 | 20,432 | 11,603 | 10,773 | 24,345 | 22,721 | 7,611 | - | - | - | - | - | - | - | - | 2,194 | 22,972 | |
41 |
0 | 7,271 | 6,266 | 16,032 | 3,979 | 2,148 | 8,062 | 6,873 | 4,994 | 812 | 283 | 51,611 | 5 | - | 54 | 784 | 44,028 | 46,830 | 10,304 | 16,463 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 200,000 | - | - | |
54/58 |
25,251 | 88,823 | 53,335 | 41,562 | 28,499 | 63,420 | 24,281 | 33,610 | 12,729 | 13,836 | 8,698 | 19,930 | 9,314 | 19,652 | 11,225 | 65,011 | 7,159 | 7,483 | 13,281 | 3,938 | |
490/1 |
1,423 | 768 | 790 | 1,323 | 607 | 958 | 553 | 533 | - | - | - | - | - | 11,000 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
2.2m | 2.4m | 2.4m | 2.4m | 2.4m | 2.5m | 2.5m | 2.6m | 2.6m | 2.0m | 2.0m | 1.8m | 1.6m | 1.2m | 1.3m | 1.4m | 1.4m | 1.6m | 437,214 | 485,296 | |
10/15 |
1.2m | 1.1m | 1.0m | 909,179 | 808,970 | 683,233 | 575,750 | 476,391 | 391,487 | 406,625 | 387,518 | 381,215 | 361,015 | 364,184 | 329,027 | 276,390 | 219,097 | 178,383 | 25,931 | 35,525 | |
10/11 |
149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | |
10 |
149,000 | 149,000 | 149,000 | 149,000 | 149,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | 149,000 | |
13 |
1.1m | 962,264 | 860,360 | 760,179 | 659,970 | 534,233 | 426,750 | 327,391 | 242,487 | 257,625 | 238,518 | 232,215 | 212,015 | 215,184 | 180,027 | 156,565 | 161,773 | 166,981 | 415 | 414 | |
130/1 |
14,900 | 14,900 | 14,900 | 14,900 | 14,900 | 14,900 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
14,900 | 14,900 | 14,900 | 14,900 | 14,900 | 14,900 | 14,900 | 14,900 | 14,900 | 14,900 | 14,900 | 14,900 | 14,900 | 14,900 | 14,900 | 330 | 330 | 330 | 330 | 330 | |
132 |
88,757 | 94,674 | 100,591 | 106,508 | 112,425 | 104,157 | 109,365 | 114,573 | 119,780 | 124,988 | 130,196 | 135,404 | 140,612 | 145,820 | 151,027 | 156,235 | 161,443 | 166,651 | - | - | |
133 |
961,187 | 852,691 | 744,870 | 638,771 | 532,645 | 415,176 | 302,486 | 197,918 | 107,807 | 117,736 | 93,422 | 81,911 | 56,503 | 54,465 | 14,099 | - | - | - | 85 | 84 | |
14 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -29,175 | -91,676 | -137,598 | -123,484 | -113,889 | |
16 |
29,586 | 31,558 | 33,530 | 35,503 | 37,475 | 53,633 | 56,314 | 58,996 | 61,678 | 64,359 | 67,041 | 69,722 | 72,404 | 75,086 | 77,767 | 80,449 | 83,131 | 85,812 | - | - | |
168 |
29,586 | 31,558 | 33,530 | 35,503 | 37,475 | 53,633 | 56,314 | 58,996 | 61,678 | 64,359 | 67,041 | 69,722 | 72,404 | 75,086 | 77,767 | 80,449 | 83,131 | 85,812 | - | - | |
17/49 |
1.0m | 1.2m | 1.3m | 1.4m | 1.5m | 1.7m | 1.9m | 2.0m | 2.1m | 1.5m | 1.6m | 1.4m | 1.2m | 780,516 | 844,110 | 1.0m | 1.1m | 1.3m | 411,284 | 449,771 | |
17 |
465,405 | 585,609 | 702,124 | 815,004 | 1.1m | 1.3m | 1.4m | 1.6m | 1.8m | 1.2m | 1.4m | 1.2m | 1.1m | 697,430 | 751,918 | 917,416 | 1.0m | 1.2m | 180,761 | 216,490 | |
170/4 |
465,405 | 585,609 | 702,124 | 815,004 | 1.1m | 1.3m | 1.4m | 1.6m | 1.8m | 1.2m | 1.4m | 1.2m | 1.1m | 697,430 | 751,918 | 917,416 | 1.0m | 1.2m | 180,761 | 216,490 | |
42/48 |
526,262 | 614,019 | 615,894 | 599,468 | 448,862 | 459,511 | 410,860 | 402,267 | 359,861 | 227,391 | 194,043 | 212,506 | 131,642 | 82,635 | 91,608 | 84,856 | 95,979 | 121,875 | 230,523 | 232,334 | |
42 |
120,205 | 116,515 | 112,880 | 128,869 | 181,088 | 173,878 | 166,851 | 160,389 | 154,077 | 111,147 | 106,065 | 75,282 | 71,642 | 57,495 | 89,220 | 83,803 | 79,999 | 75,709 | 37,413 | 38,727 | |
43 |
- | - | - | 0 | 16,717 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
- | - | - | 0 | 16,717 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
4,387 | 12,266 | 1,371 | 4,312 | 16,660 | 1,547 | 1,350 | 1,308 | 2,462 | 12,575 | 23,904 | 69,688 | - | 9,680 | 974 | 1,054 | 290 | 44,166 | 2,948 | 2,957 | |
440/4 |
4,387 | 12,266 | 1,371 | 4,312 | 16,660 | 1,547 | 1,350 | 1,308 | 2,462 | 12,575 | 23,904 | 69,688 | - | 9,680 | 974 | 1,054 | 290 | 44,166 | 2,948 | 2,957 | |
45 |
35,748 | 44,840 | 71,581 | 52,825 | 29,922 | 87,410 | 46,578 | 28,982 | - | 9,447 | 9,282 | 7,536 | - | 15,460 | 1,414 | - | 1,110 | - | - | - | |
450/3 |
35,748 | 44,840 | 71,581 | 52,825 | 29,922 | 87,410 | 46,578 | 28,982 | - | 9,447 | 9,282 | 7,536 | - | 15,460 | 1,414 | - | 1,110 | - | - | - | |
47/48 |
365,922 | 440,398 | 430,063 | 413,461 | 204,476 | 196,676 | 196,082 | 211,587 | 203,322 | 94,222 | 54,791 | 60,000 | 60,000 | - | - | - | 14,580 | 2,000 | 190,162 | 190,650 | |
492/3 |
8,411 | 13,206 | 12,536 | 8,801 | 2,040 | 2,040 | 3,400 | 3,400 | 3,400 | 14,050 | 12,150 | 5,950 | 5,950 | 450 | 585 | 1,270 | 585 | - | - | 947 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 260,855 | - | - | |
9900 |
263,473 | 265,400 | 260,532 | 262,491 | 262,079 | 265,276 | 264,455 | 262,953 | 188,302 | 184,100 | 152,405 | 146,220 | 153,172 | 151,200 | 159,852 | 168,363 | 165,954 | 121,589 | 40,362 | 33,483 | |
630 |
63,383 | 60,413 | 57,035 | 55,621 | 56,117 | 55,948 | 55,701 | 56,224 | 145,275 | 82,476 | 81,990 | 65,803 | 104,632 | 55,457 | 54,961 | 54,961 | 54,961 | 98,760 | 30,488 | 30,637 | |
640/8 |
19,569 | 18,974 | 18,265 | 16,658 | 16,436 | 16,118 | 10,165 | 10,426 | 9,391 | 9,073 | 9,027 | 9,000 | 8,910 | 8,703 | 8,449 | 8,248 | 348 | 5,156 | 5,071 | 5,626 | |
66A |
- | - | - | - | - | - | - | 18,218 | - | - | - | - | - | - | - | - | 1,626 | - | - | - | |
9901 |
180,521 | 186,013 | 185,232 | 190,213 | 189,525 | 193,209 | 198,589 | 178,084 | 33,635 | 92,552 | 61,388 | 71,417 | 39,629 | 87,040 | 96,443 | 105,154 | 110,645 | 17,673 | 4,802 | -2,780 | |
75/76B |
0 | 0 | 169 | 721 | 803 | 885 | 959 | 2,932 | 1,106 | 1,178 | 986 | 9 | 21 | 51 | 325 | 34 | 978 | 5,195 | - | - | |
75 |
0 | 0 | 169 | 721 | 803 | 885 | 959 | 2,932 | 1,106 | 1,178 | 986 | 9 | 21 | 51 | 325 | 34 | 978 | 5,195 | - | - | |
65/66B |
30,250 | 34,998 | 38,436 | 39,872 | 41,660 | 48,461 | 56,293 | 62,612 | 52,560 | 67,814 | 57,007 | 46,368 | 45,501 | 39,859 | 46,812 | 50,577 | 71,965 | 45,459 | 14,397 | 13,385 | |
65 |
30,250 | 34,998 | 38,436 | 39,872 | 41,660 | 48,461 | 56,293 | 62,612 | 52,560 | 67,814 | 57,007 | 46,368 | 45,501 | 39,859 | 46,812 | 50,577 | 71,965 | 45,459 | 14,397 | 13,385 | |
9903 |
150,272 | 151,015 | 146,965 | 151,062 | 148,669 | 145,633 | 143,256 | 118,404 | -17,819 | 25,916 | 5,367 | 25,057 | -5,851 | 47,231 | 49,955 | 54,611 | 38,032 | 238,265 | -9,595 | -16,165 | |
780 |
1,972 | 1,972 | 1,972 | 1,972 | 16,158 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
49,665 | 51,084 | 48,756 | 52,825 | 39,089 | 40,833 | 46,578 | 36,182 | - | 9,491 | 1,746 | 7,538 | - | 14,755 | - | - | - | - | - | - | |
9904 |
102,579 | 101,904 | 100,181 | 100,209 | 125,737 | 107,482 | 99,360 | 84,904 | -15,138 | 19,107 | 6,303 | 20,200 | -3,169 | 35,158 | 52,637 | 57,293 | 40,714 | 152,453 | -9,595 | -16,165 | |
789 |
5,917 | 5,917 | 5,917 | 5,917 | 5,917 | 5,208 | 5,208 | 5,208 | 5,208 | 5,208 | 5,208 | 5,208 | 5,208 | 5,208 | 5,208 | 5,208 | 5,208 | 5,208 | - | - | |
689 |
- | - | - | 0 | 14,185 | - | - | - | - | - | - | - | - | - | - | - | - | 171,859 | - | - | |
9905 |
108,497 | 107,821 | 106,098 | 106,127 | 117,469 | 112,690 | 104,568 | 90,111 | -9,930 | 24,315 | 11,511 | 25,408 | 2,038 | 40,365 | 57,845 | 62,501 | 45,922 | -14,198 | -9,595 | -16,165 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
108,497 | 107,821 | 106,098 | 106,127 | 117,469 | 112,690 | 104,568 | 90,111 | -9,930 | 24,315 | 11,511 | 25,408 | 2,038 | 40,365 | 28,669 | -29,175 | -91,676 | -137,682 | -123,484 | -113,889 | |
791/2 |
- | - | - | - | - | - | - | - | 9,930 | - | - | - | - | - | - | - | - | 85 | - | 264 | |
691/2 |
108,497 | 107,821 | 106,098 | 106,127 | 117,469 | 112,690 | 104,568 | 90,111 | - | 24,315 | 11,511 | 25,408 | 2,038 | 40,365 | 28,669 | - | - | - | - | 264 | |
691 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 264 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 14,570 | - | - | - | - | - | |
6921 |
108,497 | 107,821 | 106,098 | 106,127 | 117,469 | 112,690 | 104,568 | 90,111 | - | 24,315 | 11,511 | 25,408 | 2,038 | 40,365 | 14,099 | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 19 older financial years (1987-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 13-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-07-2026 | 2026-00308670 | |
| 31-12-2024 | micro format | 22-07-2025 | 2025-00295394 | |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00297638 | |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00302462 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20368904 | |
| 31-12-2020 | abbreviated format | 23-08-2021 | 2021-51600579 | |
| 31-12-2019 | abbreviated format | 20-08-2020 | 2020-42600445 | |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-42300557 | |
| 31-12-2017 | abbreviated format | 23-08-2018 | 2018-48600435 | |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-51800387 | |
| 31-12-2015 | abbreviated format | 27-07-2016 | 2016-35900180 | |
| 31-12-2014 | abbreviated format | 25-08-2015 | 2015-45500303 | |
| 31-12-2013 | abbreviated format | 12-06-2014 | 2014-16500497 | |
| 31-12-2012 | abbreviated format | 27-06-2013 | 2013-21900254 | |
| 31-12-2011 | abbreviated format | 29-06-2012 | 2012-22500212 | |
| 31-12-2010 | abbreviated format | 28-06-2011 | 2011-19800410 | |
| 31-12-2009 | abbreviated format | 29-06-2010 | 2010-22400578 | |
| 31-12-2008 | abbreviated format | 30-06-2009 | 2009-33500262 | |
| 31-12-2007 | abbreviated format | 03-04-2008 | 2008-10000245 | |
| 31-12-2006 | abbreviated format | 11-06-2007 | 2007-21400037 | |
| 31-12-2005 | abbreviated format | 02-06-2006 | 2006-19502589 | |
| 31-12-2004 | abbreviated format | 01-07-2005 | 2005-40200970 | |
| 31-12-2003 | abbreviated format | 26-08-2004 | 2004-61501274 | |
| 31-12-2002 | abbreviated format | 20-08-2003 | 2003-62400674 | |
| 31-12-2001 | abbreviated format | 04-11-2002 | 2002-69703203 | |
| 31-12-2000 | abbreviated format | 05-10-2001 | 2001-62605061 | |
| 31-12-1999 | abbreviated format | 03-11-2000 | 2000-69504458 | |
| 31-12-1998 | abbreviated format | 24-12-1999 | 1999-65001216 | |
| 31-12-1997 | abbreviated format | 23-07-1998 | 1998-35301817 | |
| 31-12-1996 | abbreviated format | 18-07-1997 | 1997-32001402 | |
| 31-12-1995 | abbreviated format | 10-09-1996 | 1996-43103847 | |
| 31-12-1994 | abbreviated format | 01-09-1995 | 1995-47803437 | |
| 31-12-1993 | abbreviated format | 10-06-1994 | 1994-14002883 | |
| 31-12-1992 | abbreviated format | 30-06-1993 | 1993-21901900 | |
| 31-12-1991 | abbreviated format | 01-07-1992 | 1992-21502979 | |
| 31-12-1990 | abbreviated format | 28-06-1991 | 1991-14101946 | |
| 31-12-1989 | abbreviated format | 06-06-1990 | 1990-06904883 | |
| 31-12-1988 | abbreviated format | 10-04-1989 | 1989-02503139 | |
| 31-12-1987 | abbreviated format | 29-11-1988 | 1988-23804688 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 243,904 | 246,426 | 242,268 | 245,833 | 245,642 | 249,158 | 254,290 | 234,308 | 178,910 | 175,028 | 143,377 | 137,220 | 144,262 | 142,497 | 151,404 | 160,115 | 165,606 | 116,433 | 35,291 | 27,857 | ||
| 165,962 | 162,317 | 157,217 | 155,830 | 181,854 | 163,431 | 155,061 | 141,127 | 130,138 | 101,583 | 88,293 | 86,003 | 101,463 | 90,615 | 107,597 | 112,254 | 95,675 | 251,213 | 20,894 | 14,472 | ||
| 27,030 | 10,000 | 75,906 | 0 | 0 | 2,081 | 18,194 | 16,144 | 756,535 | 9,724 | 323,376 | 206,911 | 539,175 | 4,966 | 0 | 0 | 55,810 | 1.2m | 0 | - | ||
| -63,571 | 35,488 | 11,773 | 13,063 | -34,920 | 39,139 | -9,329 | 20,881 | -1,107 | 5,138 | -11,232 | 10,616 | -10,337 | 8,426 | -53,786 | 57,852 | -324 | -5,798 | 9,343 | - | ||
| -498,128 | -510,088 | -544,589 | -514,782 | -395,345 | -381,382 | -367,192 | -336,907 | -319,417 | -205,131 | -185,061 | -140,965 | -122,323 | -51,984 | -80,329 | -19,061 | -44,792 | 132,439 | -204,743 | -188,961 | ||
| 54.1% | 47.2% | 42.5% | 38.4% | 33.8% | 27.6% | 23.1% | 18.7% | 15.1% | 20.8% | 19.2% | 20.8% | 22.1% | 29.9% | 26.3% | 20.3% | 15.6% | 11.1% | 5.9% | 7.3% | ||
| 0.05 | 0.17 | 0.12 | 0.14 | 0.12 | 0.17 | 0.11 | 0.16 | 0.11 | 0.10 | 0.05 | 0.34 | 0.07 | 0.37 | 0.12 | 0.78 | 0.53 | 2.09 | 0.11 | 0.19 | ||
| 0.82 | 1.09 | 1.32 | 1.57 | 1.91 | 2.54 | 3.23 | 4.23 | 5.45 | 3.65 | 4.03 | 3.63 | 3.32 | 2.14 | 2.57 | 3.63 | 5.01 | 7.51 | 15.86 | 12.66 | ||
| 8.5% | 9.2% | 9.9% | 11.0% | 15.5% | 15.7% | 17.3% | 17.8% | -3.9% | 4.7% | 1.6% | 5.3% | -0.9% | 9.7% | 16.0% | 20.7% | 18.6% | 85.5% | -37.0% | -45.5% | ||
| 4.6% | 4.3% | 4.2% | 4.2% | 5.3% | 4.3% | 4.0% | 3.3% | -0.6% | 1.0% | 0.3% | 1.1% | -0.2% | 2.9% | 4.2% | 4.2% | 2.9% | 9.5% | -2.2% | -3.3% | ||
| 8.06 | 7.04 | 6.30 | 6.17 | 5.90 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | - | €1.5m |
| Mortgages, amount registered | €1.6m | €1.6m | - | - | €1.6m |
| Carrying value of the mortgaged assets | €2.1m | €2.2m | - | - | €2.3m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €27,030 | €10,000 | €75,906 | - | - |
| €63,383 | €60,413 | €57,035 | €55,621 | €56,117 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on CL
The operating result for 2025 is 3% lower than in 2024 and the lowest since 2018.
Debt's share of the balance-sheet total falls from 51.5% to 44.6%. Equity is higher and debt is lower.