C.L.S. IMMO: 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. IMMO
Largest movements
- Tangible fixed assets -€27,759
down €27,759 (-6.3%), from €441,377 to €413,618
of which Land and buildings: -€27,201
- Receivables within one year -€6,360
down €6,360 (-97.0%), from €6,557 to €197
of which Other amounts receivable: -€6,557
- Debts after one year -€43,288
down €43,288 (-13.9%), from €312,407 to €269,119
- Reserves +€8,139
up €8,139 (+14.0%), from €58,247 to €66,385
of which Distributable reserves: +€9,859
- Current portion of long-term debt -€5,166
down €5,166 (-10.7%), from €48,454 to €43,288
- Tax, wage and social debts +€4,960
up €4,960 (+74.1%), from €6,696 to €11,656
- Gross operating margin -€9,994
down €9,994 (-13.4%), from €74,582 to €64,589
- Taxes -€1,726
down €1,726 (-25.8%), from €6,696 to €4,970
- Financial charges -€1,385
down €1,385 (-15.5%), from €8,932 to €7,548
- Other operating charges -€1,355
down €1,355 (-9.4%), from €14,400 to €13,046
- Depreciation -€1,185
down €1,185 (-3.7%), from €32,105 to €30,920
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 | €450,440 | €419,485 | -€30,955 | -6.9% |
| Fixed assets | 21/28 | €441,377 | €413,618 | -€27,759 | -6.3% |
| Tangible fixed assets | 22/27 | €441,377 | €413,618 | -€27,759 | -6.3% |
| Land and buildings | 22 | €440,507 | €413,306 | -€27,201 | -6.2% |
| Plant, machinery and equipment | 23 | €870 | €312 | -€558 | -64.1% |
| Current assets | 29/58 | €9,064 | €5,868 | -€3,196 | -35.3% |
| Amounts receivable within one year | 40/41 | €6,557 | €197 | -€6,360 | -97.0% |
| Trade receivables | 40 | - | €197 | +€197 | |
| Other amounts receivable | 41 | €6,557 | - | -€6,557 | |
| Cash at bank and in hand | 54/58 | €1,337 | €5,063 | +€3,726 | +278.6% |
| Deferred charges and accrued income | 490/1 | €1,169 | €607 | -€562 | -48.1% |
| Total equity and liabilities | 10/49 | €450,440 | €419,485 | -€30,955 | -6.9% |
| Equity | 10/15 | €76,590 | €84,729 | +€8,139 | +10.6% |
| Contributions | 10/11 | €18,343 | €18,343 | = | 0.0% |
| Reserves | 13 | €58,247 | €66,385 | +€8,139 | +14.0% |
| Tax-exempt reserves | 132 | €18,930 | €17,209 | -€1,721 | -9.1% |
| Distributable reserves | 133 | €39,317 | €49,177 | +€9,859 | +25.1% |
| Amounts payable | 17/49 | €373,850 | €334,757 | -€39,094 | -10.5% |
| Amounts payable after more than one year | 17 | €312,407 | €269,119 | -€43,288 | -13.9% |
| Financial debts | 170/4 | €312,407 | €269,119 | -€43,288 | -13.9% |
| Amounts payable within one year | 42/48 | €59,179 | €63,253 | +€4,074 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €48,454 | €43,288 | -€5,166 | -10.7% |
| Trade debts | 44 | €3,937 | €8,178 | +€4,242 | +107.7% |
| Suppliers | 440/4 | €3,937 | €8,178 | +€4,242 | +107.7% |
| Taxes, remuneration and social security | 45 | €6,696 | €11,656 | +€4,960 | +74.1% |
| Taxes | 450/3 | €6,696 | €11,656 | +€4,960 | +74.1% |
| Other amounts payable | 47/48 | €92 | €131 | +€39 | +41.6% |
| Accrued charges and deferred income | 492/3 | €2,265 | €2,385 | +€120 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,105 | €30,920 | -€1,185 | -3.7% |
| Other operating charges | 640/8 | €14,400 | €13,046 | -€1,355 | -9.4% |
| Non-recurring operating charges | 66A | €80 | - | -€80 | |
| Gross operating margin | 9900 | €74,582 | €64,589 | -€9,994 | -13.4% |
| Operating profit (loss) | 9901 | €27,997 | €20,623 | -€7,374 | -26.3% |
| Financial income | 75/76B | €300 | €32 | -€268 | -89.2% |
| Recurring financial income | 75 | €300 | €32 | -€268 | -89.2% |
| Non-recurring financial income | 76B | €300 | - | -€300 | |
| Financial charges | 65/66B | €8,932 | €7,548 | -€1,385 | -15.5% |
| Recurring financial charges | 65 | €8,932 | €7,548 | -€1,385 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €19,365 | €13,108 | -€6,257 | -32.3% |
| Income taxes | 67/77 | €6,696 | €4,970 | -€1,726 | -25.8% |
| Profit (loss) for the period | 9904 | €12,669 | €8,139 | -€4,531 | -35.8% |
| Transfer from tax-exempt reserves | 789 | €1,721 | €1,721 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,390 | €9,859 | -€4,531 | -31.5% |
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 11 October 2026 via checked.be.