C&L Activities: 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.
C&L Activities
Largest movements
- Stocks and contracts +€2.0m
up €2.0m (+470%), from €415,281 to €2.4m
- Receivables within one year -€117,730
down €117,730 (-97.1%), from €121,201 to €3,471
of which Trade receivables: -€117,502
- Cash +€53,686
up €53,686 (+11.4%), from €472,200 to €525,887
mainly Advances received (+€1.2m) and Short-term financial debts (+€300,000)
- Advances received +€1.2m
up €1.2m (+4,877%), from €25,000 to €1.2m
- Short-term financial debts +€300,000
new in 2025: €300,000
- Other debts +€195,470
up €195,470 (+28.9%), from €675,754 to €871,224
- Profit (loss) carried forward +€128,980
up €128,980, from -€106,108 to €22,872
- Trade debts +€72,498
up €72,498 (+1,411%), from €5,136 to €77,635
- Gross operating margin +€139,183
up €139,183 (+134%), from €103,996 to €243,179
- Financial charges +€52,415
up €52,415 (+224%), from €23,361 to €75,776
- Financial income +€33,870
up €33,870 (+347%), from €9,770 to €43,640
- Taxes +€10,012
new in 2025: €10,012
- Other operating charges +€7,076
up €7,076 (+167%), from €4,250 to €11,326
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 | €1,011,360 | €2,907,235 | +€1.9m | +187% |
| Fixed assets | 21/28 | €1,953 | €1,228 | -€725 | -37.1% |
| Tangible fixed assets | 22/27 | €1,953 | €1,228 | -€725 | -37.1% |
| Furniture and vehicles | 24 | €1,953 | €1,228 | -€725 | -37.1% |
| Current assets | 29/58 | €1,009,407 | €2,906,007 | +€1.9m | +188% |
| Stocks and contracts in progress | 3 | €415,281 | €2,365,459 | +€2.0m | +470% |
| Stocks | 30/36 | €415,281 | €2,365,459 | +€2.0m | +470% |
| Amounts receivable within one year | 40/41 | €121,201 | €3,471 | -€117,730 | -97.1% |
| Trade receivables | 40 | €120,936 | €3,434 | -€117,502 | -97.2% |
| Other amounts receivable | 41 | €265 | €37 | -€228 | -86.0% |
| Cash at bank and in hand | 54/58 | €472,200 | €525,887 | +€53,686 | +11.4% |
| Deferred charges and accrued income | 490/1 | €724 | €11,190 | +€10,466 | +1,445% |
| Total equity and liabilities | 10/49 | €1,011,360 | €2,907,235 | +€1.9m | +187% |
| Equity | 10/15 | €223,892 | €352,872 | +€128,980 | +57.6% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,108 | €22,872 | +€128,980 | |
| Amounts payable | 17/49 | €787,468 | €2,554,362 | +€1.8m | +224% |
| Amounts payable within one year | 42/48 | €787,468 | €2,554,330 | +€1.8m | +224% |
| Financial debts | 43 | - | €300,000 | +€300,000 | |
| Credit institutions | 430/8 | - | €300,000 | +€300,000 | |
| Trade debts | 44 | €5,136 | €77,635 | +€72,498 | +1,411% |
| Suppliers | 440/4 | €5,136 | €77,635 | +€72,498 | +1,411% |
| Advances received on contracts in progress | 46 | €25,000 | €1,244,333 | +€1.2m | +4,877% |
| Taxes, remuneration and social security | 45 | €81,578 | €61,138 | -€20,439 | -25.1% |
| Taxes | 450/3 | €81,578 | €61,138 | -€20,439 | -25.1% |
| Other amounts payable | 47/48 | €675,754 | €871,224 | +€195,470 | +28.9% |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725 | €725 | = | 0.0% |
| Other operating charges | 640/8 | €4,250 | €11,326 | +€7,076 | +167% |
| Gross operating margin | 9900 | €103,996 | €243,179 | +€139,183 | +134% |
| Operating profit (loss) | 9901 | €99,021 | €231,127 | +€132,106 | +133% |
| Financial income | 75/76B | €9,770 | €43,640 | +€33,870 | +347% |
| Recurring financial income | 75 | €9,770 | €43,640 | +€33,870 | +347% |
| Financial charges | 65/66B | €23,361 | €75,776 | +€52,415 | +224% |
| Recurring financial charges | 65 | €23,361 | €75,776 | +€52,415 | +224% |
| Profit (loss) for the period before taxes | 9903 | €85,430 | €198,992 | +€113,562 | +133% |
| Income taxes | 67/77 | - | €10,012 | +€10,012 | |
| Profit (loss) for the period | 9904 | €85,430 | €188,980 | +€103,550 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €85,430 | €188,980 | +€103,550 | +121% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.