C.L. MANAGEMENT: what changed
Two fiscal 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. MANAGEMENT
Largest movements
- Tangible fixed assets -€64,317
down €64,317 (-7.5%), from €857,693 to €793,376
of which Land and buildings: -€65,982
- Cash -€15,999
down €15,999 (-77.9%), from €20,534 to €4,535
mainly Net result for the year (-€68,522) and Investment in fixed assets (net) (-€26,074)
- Profit (loss) carried forward -€66,254
down €66,254 (-25.4%), from €261,059 to €194,805
- Other debts -€10,352
down €10,352 (-2.2%), from €473,786 to €463,434
- Depreciation +€66,696
up €66,696 (+285.3%), from €23,374 to €90,070
- Gross operating margin +€25,862
up €25,862, from -€4,800 to €21,062
- Other operating charges -€7,478
down €7,478 (-96.9%), from €7,720 to €242
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 | €878,230 | €798,232 | -€79,998 | -9.1% |
| Fixed assets | 21/28 | €857,693 | €793,696 | -€63,997 | -7.5% |
| Tangible fixed assets | 22/27 | €857,693 | €793,376 | -€64,317 | -7.5% |
| Land and buildings | 22 | €856,757 | €790,775 | -€65,982 | -7.7% |
| Plant, machinery and equipment | 23 | €936 | €527 | -€410 | -43.8% |
| Furniture and vehicles | 24 | - | €2,075 | +€2,075 | |
| Financial fixed assets | 28 | - | €320 | +€320 | |
| Current assets | 29/58 | €20,537 | €4,535 | -€16,001 | -77.9% |
| Amounts receivable within one year | 40/41 | €3 | - | -€3 | |
| Other amounts receivable | 41 | €3 | - | -€3 | |
| Cash at bank and in hand | 54/58 | €20,534 | €4,535 | -€15,999 | -77.9% |
| Total equity and liabilities | 10/49 | €878,230 | €798,232 | -€79,998 | -9.1% |
| Equity | 10/15 | €388,869 | €320,347 | -€68,522 | -17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,209 | €106,942 | -€2,267 | -2.1% |
| Tax-exempt reserves | 132 | €45,349 | €43,082 | -€2,267 | -5.0% |
| Distributable reserves | 133 | €63,860 | €63,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €261,059 | €194,805 | -€66,254 | -25.4% |
| Provisions and deferred taxes | 16 | €15,116 | €14,361 | -€756 | -5.0% |
| Deferred taxes | 168 | €15,116 | €14,361 | -€756 | -5.0% |
| Amounts payable | 17/49 | €474,245 | €463,524 | -€10,721 | -2.3% |
| Amounts payable within one year | 42/48 | €474,245 | €463,434 | -€10,811 | -2.3% |
| Trade debts | 44 | €459 | - | -€459 | |
| Suppliers | 440/4 | €459 | - | -€459 | |
| Other amounts payable | 47/48 | €473,786 | €463,434 | -€10,352 | -2.2% |
| Accrued charges and deferred income | 492/3 | - | €90 | +€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,374 | €90,070 | +€66,696 | +285.3% |
| Other operating charges | 640/8 | €7,720 | €242 | -€7,478 | -96.9% |
| Gross operating margin | 9900 | -€4,800 | €21,062 | +€25,862 | |
| Operating profit (loss) | 9901 | -€35,894 | -€69,251 | -€33,357 | -92.9% |
| Financial income | 75/76B | €94 | €116 | +€22 | +23.4% |
| Recurring financial income | 75 | €94 | €116 | +€22 | +23.4% |
| Financial charges | 65/66B | €140 | €143 | +€3 | +1.8% |
| Recurring financial charges | 65 | €140 | €143 | +€3 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€35,940 | -€69,278 | -€33,337 | -92.8% |
| Transfer from deferred taxes | 780 | €13,567 | €756 | -€12,811 | -94.4% |
| Profit (loss) for the period | 9904 | -€22,374 | -€68,522 | -€46,148 | -206.3% |
| Transfer from tax-exempt reserves | 789 | €40,701 | €2,267 | -€38,433 | -94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,327 | -€66,254 | -€84,581 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.