C.L.V.G.: 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.V.G.
Largest movements
- Cash -€76,194
down €76,194 (-65.4%), from €116,587 to €40,393
mainly Contributions, distributions and other (-€69,438) and Investment in fixed assets (net) (-€21,022)
- Tangible fixed assets +€9,418
up €9,418 (+66.5%), from €14,152 to €23,570
of which Furniture and vehicles: +€17,002
- Receivables within one year +€4,902
up €4,902 (+34.4%), from €14,244 to €19,146
of which Other amounts receivable: +€3,677
- Reserves -€60,688
down €60,688 (-29.6%), from €204,760 to €144,073
- Depreciation +€4,020
up €4,020 (+53.0%), from €7,584 to €11,604
- Taxes -€4,011
down €4,011 (-45.8%), from €8,763 to €4,752
- Gross operating margin -€2,564
down €2,564 (-9.1%), from €28,295 to €25,731
- Financial income +€707
up €707 (+108%), from €654 to €1,361
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 | €219,983 | €158,423 | -€61,560 | -28.0% |
| Fixed assets | 21/28 | €14,152 | €23,570 | +€9,418 | +66.5% |
| Tangible fixed assets | 22/27 | €14,152 | €23,570 | +€9,418 | +66.5% |
| Furniture and vehicles | 24 | - | €17,002 | +€17,002 | |
| Other tangible fixed assets | 26 | €14,152 | €6,568 | -€7,584 | -53.6% |
| Current assets | 29/58 | €205,831 | €134,854 | -€70,977 | -34.5% |
| Amounts receivable within one year | 40/41 | €14,244 | €19,146 | +€4,902 | +34.4% |
| Trade receivables | 40 | €276 | €1,500 | +€1,225 | +444% |
| Other amounts receivable | 41 | €13,968 | €17,645 | +€3,677 | +26.3% |
| Current investments | 50/53 | €75,000 | €75,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €116,587 | €40,393 | -€76,194 | -65.4% |
| Deferred charges and accrued income | 490/1 | - | €315 | +€315 | |
| Total equity and liabilities | 10/49 | €219,983 | €158,423 | -€61,560 | -28.0% |
| Equity | 10/15 | €210,960 | €150,273 | -€60,688 | -28.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €204,760 | €144,073 | -€60,688 | -29.6% |
| Distributable reserves | 133 | €204,760 | €144,073 | -€60,688 | -29.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,023 | €8,151 | -€872 | -9.7% |
| Amounts payable within one year | 42/48 | €9,023 | €8,151 | -€872 | -9.7% |
| Financial debts | 43 | €4,057 | €2,693 | -€1,364 | -33.6% |
| Credit institutions | 430/8 | €4,057 | €2,693 | -€1,364 | -33.6% |
| Trade debts | 44 | €2,645 | €2,111 | -€535 | -20.2% |
| Suppliers | 440/4 | €2,645 | €2,111 | -€535 | -20.2% |
| Taxes, remuneration and social security | 45 | €2,321 | €3,347 | +€1,026 | +44.2% |
| Taxes | 450/3 | €2,321 | €3,347 | +€1,026 | +44.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,240 | +€2,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,584 | €11,604 | +€4,020 | +53.0% |
| Other operating charges | 640/8 | €1,608 | €1,802 | +€194 | +12.0% |
| Gross operating margin | 9900 | €28,295 | €25,731 | -€2,564 | -9.1% |
| Operating profit (loss) | 9901 | €19,103 | €12,325 | -€6,778 | -35.5% |
| Financial income | 75/76B | €654 | €1,361 | +€707 | +108% |
| Recurring financial income | 75 | €654 | €1,361 | +€707 | +108% |
| Financial charges | 65/66B | €287 | €185 | -€103 | -35.8% |
| Recurring financial charges | 65 | €287 | €185 | -€103 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €19,470 | €13,502 | -€5,968 | -30.7% |
| Income taxes | 67/77 | €8,763 | €4,752 | -€4,011 | -45.8% |
| Profit (loss) for the period | 9904 | €10,707 | €8,750 | -€1,956 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,707 | €8,750 | -€1,956 | -18.3% |
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.