C.L.H.: 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.H.
Largest movements
- Cash -€56,910
down €56,910 (-100.0%), from €56,914 to €4
mainly Investment in fixed assets (net) (-€32,554) and Net result for the year (-€20,728)
- Receivables within one year +€16,694
up €16,694 (+21.3%), from €78,482 to €95,176
of which Other amounts receivable: +€12,398
- Tangible fixed assets +€10,385
up €10,385 (+6.1%), from €170,422 to €180,807
of which Furniture and vehicles: +€13,414
- Reserves -€11,500
down €11,500 (-5.2%), from €220,346 to €208,846
of which Tax-exempt reserves: -€11,500
- Profit (loss) carried forward -€9,228
down €9,228 (-10.2%), from -€90,276 to -€99,504
- Debts after one year -€6,515
down €6,515 (-66.2%), from €9,846 to €3,331
- Trade debts +€4,345
up €4,345 (+153.1%), from €2,838 to €7,183
- Provisions -€3,833
down €3,833 (-5.3%), from €72,828 to €68,995
- Taxes -€25,820
no longer reported in 2025 (was €25,820)
- Other operating charges -€20,109
down €20,109 (-94.0%), from €21,384 to €1,275
- Depreciation +€12,703
up €12,703 (+134.2%), from €9,466 to €22,169
- Gross operating margin -€8,279
down €8,279, from €7,615 to -€664
- Financial charges -€4,162
down €4,162 (-90.2%), from €4,614 to €452
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.
Cash bridge derived
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 | €367,771 | €337,940 | -€29,831 | -8.1% |
| Fixed assets | 21/28 | €171,166 | €181,551 | +€10,385 | +6.1% |
| Tangible fixed assets | 22/27 | €170,422 | €180,807 | +€10,385 | +6.1% |
| Land and buildings | 22 | €130,573 | €127,544 | -€3,029 | -2.3% |
| Furniture and vehicles | 24 | €39,849 | €53,263 | +€13,414 | +33.7% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €196,605 | €156,389 | -€40,216 | -20.5% |
| Stocks and contracts in progress | 3 | €61,209 | €61,209 | = | 0.0% |
| Stocks | 30/36 | €61,209 | €61,209 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €78,482 | €95,176 | +€16,694 | +21.3% |
| Trade receivables | 40 | €2,813 | €7,109 | +€4,296 | +152.7% |
| Other amounts receivable | 41 | €75,669 | €88,067 | +€12,398 | +16.4% |
| Cash at bank and in hand | 54/58 | €56,914 | €4 | -€56,910 | -100.0% |
| Total equity and liabilities | 10/49 | €367,771 | €337,940 | -€29,831 | -8.1% |
| Equity | 10/15 | €136,275 | €115,547 | -€20,728 | -15.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €220,346 | €208,846 | -€11,500 | -5.2% |
| Tax-exempt reserves | 132 | €218,486 | €206,986 | -€11,500 | -5.3% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,276 | -€99,504 | -€9,228 | -10.2% |
| Provisions and deferred taxes | 16 | €72,828 | €68,995 | -€3,833 | -5.3% |
| Deferred taxes | 168 | €72,828 | €68,995 | -€3,833 | -5.3% |
| Amounts payable | 17/49 | €158,668 | €153,398 | -€5,270 | -3.3% |
| Amounts payable after more than one year | 17 | €9,846 | €3,331 | -€6,515 | -66.2% |
| Financial debts | 170/4 | €9,846 | €3,331 | -€6,515 | -66.2% |
| Amounts payable within one year | 42/48 | €148,822 | €150,067 | +€1,245 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €6,325 | €6,516 | +€191 | +3.0% |
| Financial debts | 43 | - | €13 | +€13 | |
| Credit institutions | 430/8 | - | €13 | +€13 | |
| Trade debts | 44 | €2,838 | €7,183 | +€4,345 | +153.1% |
| Suppliers | 440/4 | €2,838 | €7,183 | +€4,345 | +153.1% |
| Other amounts payable | 47/48 | €139,659 | €136,355 | -€3,304 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,466 | €22,169 | +€12,703 | +134.2% |
| Other operating charges | 640/8 | €21,384 | €1,275 | -€20,109 | -94.0% |
| Gross operating margin | 9900 | €7,615 | -€664 | -€8,279 | |
| Operating profit (loss) | 9901 | -€23,235 | -€24,108 | -€873 | -3.8% |
| Financial charges | 65/66B | €4,614 | €452 | -€4,162 | -90.2% |
| Recurring financial charges | 65 | €4,614 | €452 | -€4,162 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,849 | -€24,560 | +€3,289 | +11.8% |
| Transfer from deferred taxes | 780 | €3,833 | €3,832 | -€1 | 0.0% |
| Income taxes | 67/77 | €25,820 | - | -€25,820 | |
| Profit (loss) for the period | 9904 | -€49,836 | -€20,728 | +€29,108 | +58.4% |
| Transfer from tax-exempt reserves | 789 | €11,499 | €11,500 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,337 | -€9,228 | +€29,109 | +75.9% |
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 11 October 2026 via checked.be.