C.L.M.: 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.M.
Largest movements
- Tangible fixed assets -€12,385
down €12,385 (-7.8%), from €158,525 to €146,140
- Debts after one year -€8,550
down €8,550 (-50.3%), from €16,983 to €8,432
- Other debts -€3,000
down €3,000 (-1.6%), from €187,787 to €184,787
- Gross operating margin +€3,855
up €3,855 (+39.0%), from €9,893 to €13,748
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,525 | €146,140 | -€12,385 | -7.8% |
| Fixed assets | 21/28 | €158,525 | €146,140 | -€12,385 | -7.8% |
| Tangible fixed assets | 22/27 | €158,525 | €146,140 | -€12,385 | -7.8% |
| Land and buildings | 22 | €158,525 | €146,140 | -€12,385 | -7.8% |
| Total equity and liabilities | 10/49 | €158,525 | €146,140 | -€12,385 | -7.8% |
| Equity | 10/15 | -€54,840 | -€56,213 | -€1,373 | -2.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,840 | -€131,213 | -€1,373 | -1.1% |
| Amounts payable | 17/49 | €213,365 | €202,353 | -€11,012 | -5.2% |
| Amounts payable after more than one year | 17 | €16,983 | €8,432 | -€8,550 | -50.3% |
| Financial debts | 170/4 | €16,983 | €8,432 | -€8,550 | -50.3% |
| Amounts payable within one year | 42/48 | €196,382 | €193,920 | -€2,462 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €7,800 | €8,260 | +€460 | +5.9% |
| Financial debts | 43 | €795 | €874 | +€78 | +9.9% |
| Credit institutions | 430/8 | €795 | €874 | +€78 | +9.9% |
| Other amounts payable | 47/48 | €187,787 | €184,787 | -€3,000 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,385 | €12,385 | = | 0.0% |
| Other operating charges | 640/8 | €2,168 | €2,183 | +€14 | +0.7% |
| Gross operating margin | 9900 | €9,893 | €13,748 | +€3,855 | +39.0% |
| Operating profit (loss) | 9901 | -€4,661 | -€820 | +€3,841 | +82.4% |
| Financial charges | 65/66B | €616 | €553 | -€63 | -10.2% |
| Recurring financial charges | 65 | €616 | €553 | -€63 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,277 | -€1,373 | +€3,904 | +74.0% |
| Profit (loss) for the period | 9904 | -€5,277 | -€1,373 | +€3,904 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,277 | -€1,373 | +€3,904 | +74.0% |
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 17 October 2026 via checked.be.