C&L WORKING CAPITAL: what changed
C&L WORKING CAPITAL
Largest movements
- Cash -€24,008
down €24,008 (-64.5%), from €37,209 to €13,201
mainly Receivables within one year (-€20,492) and Trade debts (-€14,425)
- Receivables within one year +€20,492
up €20,492 (+28.8%), from €71,229 to €91,720
of which Other amounts receivable: +€42,074
- Tangible fixed assets -€5,137
down €5,137 (-59.7%), from €8,604 to €3,467
of which Furniture and vehicles: -€5,101
- Trade debts -€14,425
down €14,425 (-48.7%), from €29,597 to €15,172
- Tax, wage and social debts +€5,603
up €5,603 (+53.5%), from €10,468 to €16,071
- Debts after one year -€1,548
down €1,548 (-79.6%), from €1,946 to €397
- Gross operating margin -€11,881
down €11,881 (-52.9%), from €22,451 to €10,570
- Depreciation -€2,919
down €2,919 (-36.2%), from €8,056 to €5,137
- Taxes -€2,754
down €2,754 (-48.6%), from €5,669 to €2,915
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,107 | €116,917 | -€9,190 | -7.3% |
| Fixed assets | 21/28 | €16,904 | €11,767 | -€5,137 | -30.4% |
| Tangible fixed assets | 22/27 | €8,604 | €3,467 | -€5,137 | -59.7% |
| Plant, machinery and equipment | 23 | €36 | €0 | -€36 | -100% |
| Furniture and vehicles | 24 | €8,568 | €3,467 | -€5,101 | -59.5% |
| Financial fixed assets | 28 | €8,300 | €8,300 | = | 0.0% |
| Current assets | 29/58 | €109,203 | €105,150 | -€4,053 | -3.7% |
| Amounts receivable within one year | 40/41 | €71,229 | €91,720 | +€20,492 | +28.8% |
| Trade receivables | 40 | €48,615 | €27,032 | -€21,582 | -44.4% |
| Other amounts receivable | 41 | €22,614 | €64,688 | +€42,074 | +186% |
| Cash at bank and in hand | 54/58 | €37,209 | €13,201 | -€24,008 | -64.5% |
| Deferred charges and accrued income | 490/1 | €766 | €229 | -€537 | -70.1% |
| Total equity and liabilities | 10/49 | €126,107 | €116,917 | -€9,190 | -7.3% |
| Equity | 10/15 | €82,612 | €83,179 | +€566 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,795 | €63,795 | = | 0.0% |
| Distributable reserves | 133 | €63,795 | €63,795 | = | 0.0% |
| Profit (loss) carried forward | 14 | €218 | €784 | +€566 | +260% |
| Amounts payable | 17/49 | €43,495 | €33,738 | -€9,756 | -22.4% |
| Amounts payable after more than one year | 17 | €1,946 | €397 | -€1,548 | -79.6% |
| Financial debts | 170/4 | €1,946 | €397 | -€1,548 | -79.6% |
| Amounts payable within one year | 42/48 | €41,549 | €32,791 | -€8,758 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €1,483 | €1,548 | +€65 | +4.4% |
| Trade debts | 44 | €29,597 | €15,172 | -€14,425 | -48.7% |
| Suppliers | 440/4 | €29,597 | €15,172 | -€14,425 | -48.7% |
| Taxes, remuneration and social security | 45 | €10,468 | €16,071 | +€5,603 | +53.5% |
| Taxes | 450/3 | €10,468 | €16,071 | +€5,603 | +53.5% |
| Accrued charges and deferred income | 492/3 | - | €549 | +€549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,056 | €5,137 | -€2,919 | -36.2% |
| Other operating charges | 640/8 | €1,853 | €1,792 | -€61 | -3.3% |
| Gross operating margin | 9900 | €22,451 | €10,570 | -€11,881 | -52.9% |
| Operating profit (loss) | 9901 | €12,542 | €3,641 | -€8,901 | -71.0% |
| Financial income | 75/76B | €83 | €46 | -€37 | -44.4% |
| Recurring financial income | 75 | €83 | €46 | -€37 | -44.4% |
| Financial charges | 65/66B | €192 | €206 | +€14 | +7.3% |
| Recurring financial charges | 65 | €192 | €206 | +€14 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €12,433 | €3,481 | -€8,952 | -72.0% |
| Income taxes | 67/77 | €5,669 | €2,915 | -€2,754 | -48.6% |
| Profit (loss) for the period | 9904 | €6,764 | €566 | -€6,198 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,764 | €566 | -€6,198 | -91.6% |
Next steps
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 7 November 2026 via checked.be.