C.L.L.R.: what changed
What changed
C.L.L.R.
filed annual accounts (NBB)
Net result for the year
€425,197
2024 · €16,777+€408,420
Equity
€797,806
2024 · €470,460+€327,347
Cash
€583,377
2024 · €68,755+€514,622
Balance sheet total
€1.1m
2024 · €663,143+€427,718
Largest movements
Assets
- Cash +€514,622
up €514,622 (+748%), from €68,755 to €583,377
mainly Net result for the year (+€425,197) and Provisions (+€131,224)
- Receivables within one year -€86,264
down €86,264 (-91.5%), from €94,278 to €8,014
of which Other amounts receivable: -€70,000
- Tangible fixed assets -€24,168
down €24,168 (-32.9%), from €73,399 to €49,231
- Current investments +€20,000
new in 2025: €20,000
Equity and liabilities
- Reserves +€327,347
up €327,347 (+80.1%), from €408,460 to €735,806
of which Tax-exempt reserves: +€393,671
- Provisions +€131,224
new in 2025: €131,224
- Current portion of long-term debt -€53,591
down €53,591 (-88.7%), from €60,410 to €6,818
- Tax, wage and social debts +€25,635
up €25,635 (+248%), from €10,334 to €35,969
- Other debts +€16,323
up €16,323 (+16.9%), from €96,665 to €112,988
Income statement
- Gross operating margin +€525,064
up €525,064 (+558%), from €94,141 to €619,205
- Depreciation -€32,705
down €32,705 (-72.1%), from €45,332 to €12,627
- Write-downs +€17,064
new in 2025: €17,064
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€16,777
Gross operating margin
+€525,064
Depreciation
+€32,705
Write-downs
-€17,064
Other operating charges
-€580
Financial income
+€715
Financial charges
-€1,231
Taxes
+€35
Deferred taxes and other
-€131,224
Result 2025
€425,197
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€683,545
Investment
-€8,546
Financing
-€160,378
Cash 2024
€68,755
From operations (derived)
+€683,545
Net result for the year
+€425,197
Depreciation
+€12,627
Receivables within one year
+€86,264
Deferred charges and accrued income
-€3,442
Provisions
+€131,224
Trade debts
-€12,012
Tax, wage and social debts
+€25,635
Other debts
+€16,323
Accrued charges and deferred income
+€1,730
Investment (derived)
-€8,546
Investment in fixed assets (net)
+€11,454
Current investments
-€20,000
Financing
-€160,378
Debts after one year
-€8,937
Current portion of long-term debt
-€53,591
Contributions, distributions and other
-€97,850
Cash 2025
€583,377
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €663,143 | €1,090,861 | +€427,718 | +64.5% |
| Fixed assets | 21/28 | €500,110 | €476,029 | -€24,081 | -4.8% |
| Tangible fixed assets | 22/27 | €73,399 | €49,231 | -€24,168 | -32.9% |
| Land and buildings | 22 | €73,399 | €49,231 | -€24,168 | -32.9% |
| Financial fixed assets | 28 | €426,710 | €426,798 | +€87 | 0.0% |
| Current assets | 29/58 | €163,033 | €614,832 | +€451,799 | +277% |
| Amounts receivable within one year | 40/41 | €94,278 | €8,014 | -€86,264 | -91.5% |
| Trade receivables | 40 | €20,914 | €4,650 | -€16,264 | -77.8% |
| Other amounts receivable | 41 | €73,364 | €3,364 | -€70,000 | -95.4% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €68,755 | €583,377 | +€514,622 | +748% |
| Deferred charges and accrued income | 490/1 | - | €3,442 | +€3,442 | |
| Total equity and liabilities | 10/49 | €663,143 | €1,090,861 | +€427,718 | +64.5% |
| Equity | 10/15 | €470,460 | €797,806 | +€327,347 | +69.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €408,460 | €735,806 | +€327,347 | +80.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,510 | €396,181 | +€393,671 | +15,684% |
| Distributable reserves | 133 | €399,750 | €333,426 | -€66,324 | -16.6% |
| Provisions and deferred taxes | 16 | - | €131,224 | +€131,224 | |
| Deferred taxes | 168 | - | €131,224 | +€131,224 | |
| Amounts payable | 17/49 | €192,683 | €161,831 | -€30,852 | -16.0% |
| Amounts payable after more than one year | 17 | €9,226 | €289 | -€8,937 | -96.9% |
| Financial debts | 170/4 | €9,226 | - | -€9,226 | |
| Other amounts payable | 178/9 | - | €289 | +€289 | |
| Amounts payable within one year | 42/48 | €182,742 | €159,097 | -€23,645 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €60,410 | €6,818 | -€53,591 | -88.7% |
| Trade debts | 44 | €15,333 | €3,322 | -€12,012 | -78.3% |
| Suppliers | 440/4 | €15,333 | €3,322 | -€12,012 | -78.3% |
| Taxes, remuneration and social security | 45 | €10,334 | €35,969 | +€25,635 | +248% |
| Taxes | 450/3 | €10,334 | €35,969 | +€25,635 | +248% |
| Other amounts payable | 47/48 | €96,665 | €112,988 | +€16,323 | +16.9% |
| Accrued charges and deferred income | 492/3 | €715 | €2,445 | +€1,730 | +242% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,332 | €12,627 | -€32,705 | -72.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,064 | +€17,064 | |
| Other operating charges | 640/8 | €15,030 | €15,610 | +€580 | +3.9% |
| Gross operating margin | 9900 | €94,141 | €619,205 | +€525,064 | +558% |
| Operating profit (loss) | 9901 | €33,779 | €573,904 | +€540,125 | +1,599% |
| Financial income | 75/76B | €0 | €715 | +€715 | +7,148,500% |
| Recurring financial income | 75 | €0 | €715 | +€715 | +7,148,500% |
| Financial charges | 65/66B | €2,026 | €3,257 | +€1,231 | +60.8% |
| Recurring financial charges | 65 | €2,026 | €3,257 | +€1,231 | +60.8% |
| Profit (loss) for the period before taxes | 9903 | €31,753 | €571,362 | +€539,609 | +1,699% |
| Transfer to deferred taxes | 680 | - | €131,224 | +€131,224 | |
| Income taxes | 67/77 | €14,976 | €14,942 | -€35 | -0.2% |
| Profit (loss) for the period | 9904 | €16,777 | €425,197 | +€408,420 | +2,434% |
| Transfer to tax-exempt reserves | 689 | - | €393,671 | +€393,671 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,777 | €31,526 | +€14,749 | +87.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.