C.L.S.IMMO: what changed
What changed
C.L.S.IMMO
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€14,263
2024 · €15,067-€804
Equity
€198,237
2024 · €183,974+€14,263
Cash
€8,644
2024 · €15,458-€6,813
Balance sheet total
€538,692
2024 · €389,736+€148,955
Largest movements
Assets
- Stocks and contracts +€81,938
up €81,938 (+9,084%), from €902 to €82,840
- Receivables within one year +€59,088
up €59,088 (+26.2%), from €225,789 to €284,878
of which Trade receivables: +€35,640
- Receivables after one year +€30,000
new in 2025: €30,000
- Tangible fixed assets -€15,569
down €15,569 (-10.6%), from €146,516 to €130,947
of which Furniture and vehicles: -€14,822
- Cash -€6,813
down €6,813 (-44.1%), from €15,458 to €8,644
mainly Stocks and contracts (-€81,938) and Receivables within one year (-€59,088)
Equity and liabilities
- Short-term financial debts +€125,000
new in 2025: €125,000
- Debts after one year -€24,449
down €24,449 (-32.5%), from €75,176 to €50,727
- Tax, wage and social debts +€19,216
up €19,216 (+141%), from €13,602 to €32,817
of which Remuneration and social security: +€12,212
- Trade debts +€17,578
up €17,578 (+20.3%), from €86,431 to €104,008
- Reserves +€13,000
up €13,000 (+12.4%), from €105,160 to €118,160
of which Distributable reserves: +€13,000
Income statement
- Gross operating margin +€121,287
up €121,287 (+61.0%), from €198,887 to €320,174
- Staff costs +€117,165
up €117,165 (+80.1%), from €146,265 to €263,429
- Depreciation +€4,931
up €4,931 (+28.7%), from €17,208 to €22,138
- Other operating charges -€3,303
down €3,303 (-53.0%), from €6,229 to €2,926
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
€15,067
Gross operating margin
+€121,287
Staff costs
-€117,165
Depreciation
-€4,931
Other operating charges
+€3,303
Other operating items
-€2,513
Financial income
+€204
Financial charges
-€2,395
Taxes
+€1,406
Result 2025
€14,263
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
-€100,700
Investment
-€6,569
Financing
+€100,455
Cash 2024
€15,458
From operations (derived)
-€100,700
Net result for the year
+€14,263
Depreciation
+€22,138
Receivables after one year
-€30,000
Stocks and contracts
-€81,938
Receivables within one year
-€59,088
Deferred charges and accrued income
-€312
Trade debts
+€17,578
Tax, wage and social debts
+€19,216
Other debts
-€3,680
Accrued charges and deferred income
+€1,124
Investment (derived)
-€6,569
Investment in fixed assets (net)
-€6,569
Financing
+€100,455
Debts after one year
-€24,449
Current portion of long-term debt
-€96
Short-term financial debts
+€125,000
Cash 2025
€8,644
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €389,736 | €538,692 | +€148,955 | +38.2% |
| Fixed assets | 21/28 | €146,566 | €130,997 | -€15,569 | -10.6% |
| Tangible fixed assets | 22/27 | €146,516 | €130,947 | -€15,569 | -10.6% |
| Land and buildings | 22 | €100,000 | €100,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,441 | €4,193 | +€753 | +21.9% |
| Furniture and vehicles | 24 | €38,674 | €23,852 | -€14,822 | -38.3% |
| Other tangible fixed assets | 26 | €4,401 | €2,901 | -€1,500 | -34.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €243,171 | €407,695 | +€164,524 | +67.7% |
| Amounts receivable after more than one year | 29 | - | €30,000 | +€30,000 | |
| Trade receivables | 290 | - | €30,000 | +€30,000 | |
| Stocks and contracts in progress | 3 | €902 | €82,840 | +€81,938 | +9,084% |
| Stocks | 30/36 | €902 | €82,840 | +€81,938 | +9,084% |
| Amounts receivable within one year | 40/41 | €225,789 | €284,878 | +€59,088 | +26.2% |
| Trade receivables | 40 | €97,351 | €132,991 | +€35,640 | +36.6% |
| Other amounts receivable | 41 | €128,439 | €151,887 | +€23,448 | +18.3% |
| Cash at bank and in hand | 54/58 | €15,458 | €8,644 | -€6,813 | -44.1% |
| Deferred charges and accrued income | 490/1 | €1,021 | €1,333 | +€312 | +30.5% |
| Total equity and liabilities | 10/49 | €389,736 | €538,692 | +€148,955 | +38.2% |
| Equity | 10/15 | €183,974 | €198,237 | +€14,263 | +7.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,160 | €118,160 | +€13,000 | +12.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €103,300 | €116,300 | +€13,000 | +12.6% |
| Profit (loss) carried forward | 14 | €72,614 | €73,877 | +€1,263 | +1.7% |
| Amounts payable | 17/49 | €205,762 | €340,455 | +€134,692 | +65.5% |
| Amounts payable after more than one year | 17 | €75,176 | €50,727 | -€24,449 | -32.5% |
| Financial debts | 170/4 | €75,176 | €50,727 | -€24,449 | -32.5% |
| Amounts payable within one year | 42/48 | €128,257 | €286,274 | +€158,017 | +123% |
| Current portion of amounts payable after more than one year | 42 | €24,545 | €24,449 | -€96 | -0.4% |
| Financial debts | 43 | - | €125,000 | +€125,000 | |
| Credit institutions | 430/8 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | €86,431 | €104,008 | +€17,578 | +20.3% |
| Suppliers | 440/4 | €86,431 | €104,008 | +€17,578 | +20.3% |
| Taxes, remuneration and social security | 45 | €13,602 | €32,817 | +€19,216 | +141% |
| Taxes | 450/3 | €8,120 | €15,123 | +€7,003 | +86.3% |
| Remuneration and social security | 454/9 | €5,482 | €17,694 | +€12,212 | +223% |
| Other amounts payable | 47/48 | €3,680 | - | -€3,680 | |
| Accrued charges and deferred income | 492/3 | €2,329 | €3,453 | +€1,124 | +48.3% |
| Non-recurring operating income | 76A | €1,240 | - | -€1,240 | |
| Remuneration, social security and pensions | 62 | €146,265 | €263,429 | +€117,165 | +80.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,208 | €22,138 | +€4,931 | +28.7% |
| Other operating charges | 640/8 | €6,229 | €2,926 | -€3,303 | -53.0% |
| Non-recurring operating charges | 66A | - | €2,513 | +€2,513 | |
| Gross operating margin | 9900 | €198,887 | €320,174 | +€121,287 | +61.0% |
| Operating profit (loss) | 9901 | €29,186 | €29,167 | -€18 | -0.1% |
| Financial income | 75/76B | €246 | €450 | +€204 | +82.8% |
| Recurring financial income | 75 | €246 | €450 | +€204 | +82.8% |
| Financial charges | 65/66B | €6,264 | €8,660 | +€2,395 | +38.2% |
| Recurring financial charges | 65 | €6,264 | €8,660 | +€2,395 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €23,168 | €20,958 | -€2,210 | -9.5% |
| Income taxes | 67/77 | €8,101 | €6,695 | -€1,406 | -17.4% |
| Profit (loss) for the period | 9904 | €15,067 | €14,263 | -€804 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,067 | €14,263 | -€804 | -5.3% |
Next steps
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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 4 November 2026 via checked.be.