C.L.C.S.: 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.C.S.
Largest movements
- Tangible fixed assets +€110,920
up €110,920 (+154%), from €72,145 to €183,065
of which Land and buildings: +€83,281
- Receivables within one year +€87,702
up €87,702 (+376%), from €23,344 to €111,046
of which Trade receivables: +€87,702
- Cash -€23,188
down €23,188 (-50.9%), from €45,574 to €22,386
mainly Investment in fixed assets (net) (-€122,611) and Receivables within one year (-€87,702)
- Debts after one year +€82,041
up €82,041 (+164%), from €50,175 to €132,216
- Trade debts +€64,607
up €64,607 (+218%), from €29,695 to €94,302
- Reserves +€15,000
up €15,000 (+41.5%), from €36,127 to €51,127
- Current portion of long-term debt +€8,673
up €8,673 (+120%), from €7,249 to €15,922
- Other debts +€4,158
new in 2025: €4,158
- Gross operating margin +€32,870
up €32,870 (+225%), from €14,596 to €47,466
- Taxes +€6,796
up €6,796 (+371%), from €1,831 to €8,626
- Depreciation +€6,375
up €6,375 (+120%), from €5,315 to €11,690
- Financial charges +€2,518
up €2,518 (+125%), from €2,021 to €4,539
- Other operating charges +€1,904
up €1,904 (+218%), from €875 to €2,778
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 | €141,281 | €317,532 | +€176,251 | +125% |
| Fixed assets | 21/28 | €72,145 | €183,065 | +€110,920 | +154% |
| Tangible fixed assets | 22/27 | €72,145 | €183,065 | +€110,920 | +154% |
| Land and buildings | 22 | €63,298 | €146,579 | +€83,281 | +132% |
| Plant, machinery and equipment | 23 | €7,541 | €20,748 | +€13,207 | +175% |
| Furniture and vehicles | 24 | €1,305 | €15,738 | +€14,433 | +1,106% |
| Current assets | 29/58 | €69,136 | €134,467 | +€65,331 | +94.5% |
| Amounts receivable within one year | 40/41 | €23,344 | €111,046 | +€87,702 | +376% |
| Trade receivables | 40 | €23,344 | €111,046 | +€87,702 | +376% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €45,574 | €22,386 | -€23,188 | -50.9% |
| Deferred charges and accrued income | 490/1 | €218 | €1,035 | +€816 | +374% |
| Total equity and liabilities | 10/49 | €141,281 | €317,532 | +€176,251 | +125% |
| Equity | 10/15 | €39,127 | €57,300 | +€18,173 | +46.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €36,127 | €51,127 | +€15,000 | +41.5% |
| Distributable reserves | 133 | €36,127 | €51,127 | +€15,000 | +41.5% |
| Profit (loss) carried forward | 14 | - | €3,173 | +€3,173 | |
| Amounts payable | 17/49 | €102,154 | €260,232 | +€158,078 | +155% |
| Amounts payable after more than one year | 17 | €50,175 | €132,216 | +€82,041 | +164% |
| Financial debts | 170/4 | €50,175 | €132,216 | +€82,041 | +164% |
| Amounts payable within one year | 42/48 | €51,980 | €127,517 | +€75,537 | +145% |
| Current portion of amounts payable after more than one year | 42 | €7,249 | €15,922 | +€8,673 | +120% |
| Trade debts | 44 | €29,695 | €94,302 | +€64,607 | +218% |
| Suppliers | 440/4 | €29,695 | €94,302 | +€64,607 | +218% |
| Taxes, remuneration and social security | 45 | €15,036 | €13,135 | -€1,901 | -12.6% |
| Taxes | 450/3 | €15,036 | €13,135 | -€1,901 | -12.6% |
| Other amounts payable | 47/48 | - | €4,158 | +€4,158 | |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Non-recurring operating income | 76A | - | €1,854 | +€1,854 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,315 | €11,690 | +€6,375 | +120% |
| Other operating charges | 640/8 | €875 | €2,778 | +€1,904 | +218% |
| Gross operating margin | 9900 | €14,596 | €47,466 | +€32,870 | +225% |
| Operating profit (loss) | 9901 | €8,406 | €32,997 | +€24,591 | +293% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €2,021 | €4,539 | +€2,518 | +125% |
| Recurring financial charges | 65 | €2,021 | €4,539 | +€2,518 | +125% |
| Profit (loss) for the period before taxes | 9903 | €6,386 | €28,465 | +€22,080 | +346% |
| Income taxes | 67/77 | €1,831 | €8,626 | +€6,796 | +371% |
| Profit (loss) for the period | 9904 | €4,555 | €19,839 | +€15,284 | +336% |
| Profit (loss) for the period to be appropriated | 9905 | €4,555 | €19,839 | +€15,284 | +336% |
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.