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
- Tangible fixed assets +€124,483
up €124,483 (+8.7%), from €1.4m to €1.6m
of which Land and buildings: +€125,543
- Cash -€21,937
down €21,937 (-57.9%), from €37,913 to €15,976
mainly Investment in fixed assets (net) (-€195,643) and Receivables within one year (-€6,065)
- Debts after one year +€64,363
up €64,363 (+5.4%), from €1.2m to €1.2m
- Reserves +€21,054
up €21,054 (+27.0%), from €77,843 to €98,896
- Gross operating margin +€30,152
up €30,152 (+18.7%), from €161,019 to €191,171
- Depreciation +€29,328
up €29,328 (+70.1%), from €41,831 to €71,160
- Financial charges +€8,542
up €8,542 (+36.6%), from €23,333 to €31,875
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 | €1,467,967 | €1,576,578 | +€108,611 | +7.4% |
| Fixed assets | 21/28 | €1,428,365 | €1,552,848 | +€124,483 | +8.7% |
| Tangible fixed assets | 22/27 | €1,428,365 | €1,552,848 | +€124,483 | +8.7% |
| Land and buildings | 22 | €1,421,181 | €1,546,724 | +€125,543 | +8.8% |
| Other tangible fixed assets | 26 | €7,184 | €6,124 | -€1,060 | -14.8% |
| Current assets | 29/58 | €39,602 | €23,730 | -€15,872 | -40.1% |
| Amounts receivable within one year | 40/41 | €1,689 | €7,753 | +€6,065 | +359% |
| Trade receivables | 40 | €1,689 | €185 | -€1,504 | -89.0% |
| Other amounts receivable | 41 | - | €7,568 | +€7,568 | |
| Cash at bank and in hand | 54/58 | €37,913 | €15,976 | -€21,937 | -57.9% |
| Total equity and liabilities | 10/49 | €1,467,967 | €1,576,578 | +€108,611 | +7.4% |
| Equity | 10/15 | €84,167 | €105,221 | +€21,054 | +25.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €77,843 | €98,896 | +€21,054 | +27.0% |
| Distributable reserves | 133 | €77,843 | €98,896 | +€21,054 | +27.0% |
| Profit (loss) carried forward | 14 | €24 | €24 | = | 0.0% |
| Amounts payable | 17/49 | €1,383,799 | €1,471,357 | +€87,557 | +6.3% |
| Amounts payable after more than one year | 17 | €1,184,771 | €1,249,134 | +€64,363 | +5.4% |
| Financial debts | 170/4 | €1,184,771 | €1,249,134 | +€64,363 | +5.4% |
| Amounts payable within one year | 42/48 | €199,028 | €222,223 | +€23,195 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €69,826 | €79,120 | +€9,293 | +13.3% |
| Financial debts | 43 | - | €2,379 | +€2,379 | |
| Credit institutions | 430/8 | - | €2,379 | +€2,379 | |
| Taxes, remuneration and social security | 45 | €25,427 | €26,949 | +€1,522 | +6.0% |
| Taxes | 450/3 | €13,700 | €18,582 | +€4,882 | +35.6% |
| Remuneration and social security | 454/9 | €11,726 | €8,367 | -€3,359 | -28.6% |
| Other amounts payable | 47/48 | €103,775 | €113,775 | +€10,000 | +9.6% |
| Remuneration, social security and pensions | 62 | €50,835 | €49,087 | -€1,748 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,831 | €71,160 | +€29,328 | +70.1% |
| Other operating charges | 640/8 | €8,169 | €7,443 | -€726 | -8.9% |
| Gross operating margin | 9900 | €161,019 | €191,171 | +€30,152 | +18.7% |
| Operating profit (loss) | 9901 | €60,184 | €63,482 | +€3,297 | +5.5% |
| Financial charges | 65/66B | €23,333 | €31,875 | +€8,542 | +36.6% |
| Recurring financial charges | 65 | €23,333 | €31,875 | +€8,542 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €36,851 | €31,606 | -€5,245 | -14.2% |
| Income taxes | 67/77 | €11,827 | €10,553 | -€1,274 | -10.8% |
| Profit (loss) for the period | 9904 | €25,024 | €21,054 | -€3,971 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,024 | €21,054 | -€3,971 | -15.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.