C.L.S. BELGIUM: 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.S. BELGIUM
Largest movements
- Cash +€183,952
up €183,952 (+44.3%), from €415,393 to €599,345
mainly Net result for the year (+€160,889) and Receivables within one year (+€65,294)
- Receivables within one year -€65,294
down €65,294 (-68.7%), from €94,978 to €29,685
of which Trade receivables: -€63,822
- Tangible fixed assets -€18,300
down €18,300 (-9.1%), from €201,772 to €183,472
of which Furniture and vehicles: -€22,174
- Reserves +€160,000
up €160,000 (+11.2%), from €1.4m to €1.6m
of which Distributable reserves: +€160,000
- Accrued charges and deferred income -€83,919
down €83,919 (-62.1%), from €135,119 to €51,200
- Tax, wage and social debts +€26,559
up €26,559 (+71.5%), from €37,163 to €63,721
- Gross operating margin +€60,464
up €60,464 (+26.2%), from €230,355 to €290,818
- Taxes +€24,283
up €24,283 (+33.3%), from €72,908 to €97,191
- Depreciation +€11,268
up €11,268 (+54.8%), from €20,568 to €31,836
- Financial income +€3,500
up €3,500 (+152,153%), from €2 to €3,502
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 | €1,712,144 | €1,815,311 | +€103,167 | +6.0% |
| Fixed assets | 21/28 | €201,772 | €183,472 | -€18,300 | -9.1% |
| Tangible fixed assets | 22/27 | €201,772 | €183,472 | -€18,300 | -9.1% |
| Furniture and vehicles | 24 | €113,651 | €91,478 | -€22,174 | -19.5% |
| Leasing and similar rights | 25 | €200 | €172 | -€28 | -14.2% |
| Other tangible fixed assets | 26 | €87,920 | €91,823 | +€3,902 | +4.4% |
| Current assets | 29/58 | €1,510,372 | €1,631,839 | +€121,467 | +8.0% |
| Amounts receivable within one year | 40/41 | €94,978 | €29,685 | -€65,294 | -68.7% |
| Trade receivables | 40 | €88,061 | €24,239 | -€63,822 | -72.5% |
| Other amounts receivable | 41 | €6,917 | €5,445 | -€1,472 | -21.3% |
| Current investments | 50/53 | €1,000,000 | €1,000,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €415,393 | €599,345 | +€183,952 | +44.3% |
| Deferred charges and accrued income | 490/1 | - | €2,809 | +€2,809 | |
| Total equity and liabilities | 10/49 | €1,712,144 | €1,815,311 | +€103,167 | +6.0% |
| Equity | 10/15 | €1,502,994 | €1,663,884 | +€160,889 | +10.7% |
| 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 | €1,433,841 | €1,593,841 | +€160,000 | +11.2% |
| Non-distributable reserves | 130/1 | €8,520 | €8,520 | = | 0.0% |
| Legal reserve | 130 | €8,520 | €8,520 | = | 0.0% |
| Distributable reserves | 133 | €1,425,320 | €1,585,320 | +€160,000 | +11.2% |
| Profit (loss) carried forward | 14 | €7,154 | €8,043 | +€889 | +12.4% |
| Amounts payable | 17/49 | €209,149 | €151,427 | -€57,722 | -27.6% |
| Amounts payable within one year | 42/48 | €74,030 | €100,227 | +€26,197 | +35.4% |
| Trade debts | 44 | €1,923 | €4,415 | +€2,492 | +130% |
| Suppliers | 440/4 | €1,923 | €4,415 | +€2,492 | +130% |
| Taxes, remuneration and social security | 45 | €37,163 | €63,721 | +€26,559 | +71.5% |
| Taxes | 450/3 | €37,163 | €63,721 | +€26,559 | +71.5% |
| Other amounts payable | 47/48 | €34,945 | €32,091 | -€2,854 | -8.2% |
| Accrued charges and deferred income | 492/3 | €135,119 | €51,200 | -€83,919 | -62.1% |
| Non-recurring operating income | 76A | €37,570 | €25,034 | -€12,537 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,568 | €31,836 | +€11,268 | +54.8% |
| Other operating charges | 640/8 | €3,191 | €4,263 | +€1,073 | +33.6% |
| Gross operating margin | 9900 | €230,355 | €290,818 | +€60,464 | +26.2% |
| Operating profit (loss) | 9901 | €206,596 | €254,719 | +€48,123 | +23.3% |
| Financial income | 75/76B | €2 | €3,502 | +€3,500 | +152,153% |
| Recurring financial income | 75 | €2 | €3,502 | +€3,500 | +152,153% |
| Financial charges | 65/66B | €370 | €140 | -€230 | -62.1% |
| Recurring financial charges | 65 | €370 | €140 | -€230 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €206,228 | €258,080 | +€51,852 | +25.1% |
| Income taxes | 67/77 | €72,908 | €97,191 | +€24,283 | +33.3% |
| Profit (loss) for the period | 9904 | €133,320 | €160,889 | +€27,569 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €133,320 | €160,889 | +€27,569 | +20.7% |
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 31 October 2026 via checked.be.