C-Ling: what changed
C-Ling
Largest movements
- Receivables within one year -€70,613
down €70,613 (-40.4%), from €174,582 to €103,968
of which Trade receivables: -€65,293
- Tangible fixed assets -€37,465
down €37,465 (-31.6%), from €118,708 to €81,242
of which Furniture and vehicles: -€19,512
- Cash +€24,934
up €24,934 (+87.3%), from €28,571 to €53,505
mainly Receivables within one year (+€70,613) and Net result for the year (+€54,371)
- Stocks and contracts -€17,000
down €17,000 (-45.9%), from €37,000 to €20,000
of which Stocks: -€17,000
- Other debts -€106,000
down €106,000 (-65.9%), from €160,916 to €54,916
- Trade debts +€35,569
up €35,569 (+51.0%), from €69,767 to €105,336
- Debts after one year -€19,608
down €19,608 (-36.3%), from €54,004 to €34,395
- Tax, wage and social debts -€11,305
down €11,305 (-63.0%), from €17,943 to €6,638
of which Remuneration and social security: -€5,716
- Gross operating margin -€146,994
down €146,994 (-41.7%), from €352,580 to €205,586
- Staff costs -€19,366
down €19,366 (-16.1%), from €120,248 to €100,883
- Taxes -€4,975
down €4,975 (-54.7%), from €9,095 to €4,120
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 | €367,332 | €266,610 | -€100,722 | -27.4% |
| Fixed assets | 21/28 | €121,258 | €82,442 | -€38,815 | -32.0% |
| Tangible fixed assets | 22/27 | €118,708 | €81,242 | -€37,465 | -31.6% |
| Land and buildings | 22 | €26,675 | €13,319 | -€13,356 | -50.1% |
| Plant, machinery and equipment | 23 | €14,583 | €9,985 | -€4,598 | -31.5% |
| Furniture and vehicles | 24 | €77,450 | €57,939 | -€19,512 | -25.2% |
| Financial fixed assets | 28 | €2,550 | €1,200 | -€1,350 | -52.9% |
| Current assets | 29/58 | €246,074 | €184,167 | -€61,907 | -25.2% |
| Stocks and contracts in progress | 3 | €37,000 | €20,000 | -€17,000 | -45.9% |
| Stocks | 30/36 | €27,000 | €10,000 | -€17,000 | -63.0% |
| Contracts in progress | 37 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €174,582 | €103,968 | -€70,613 | -40.4% |
| Trade receivables | 40 | €165,453 | €100,160 | -€65,293 | -39.5% |
| Other amounts receivable | 41 | €9,129 | €3,809 | -€5,320 | -58.3% |
| Cash at bank and in hand | 54/58 | €28,571 | €53,505 | +€24,934 | +87.3% |
| Deferred charges and accrued income | 490/1 | €5,921 | €6,694 | +€773 | +13.0% |
| Total equity and liabilities | 10/49 | €367,332 | €266,610 | -€100,722 | -27.4% |
| Equity | 10/15 | €44,897 | €45,267 | +€371 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,697 | €39,067 | +€371 | +1.0% |
| Non-distributable reserves | 130/1 | €240 | €240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €240 | €240 | = | 0.0% |
| Distributable reserves | 133 | €38,457 | €38,827 | +€371 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €322,435 | €221,342 | -€101,093 | -31.4% |
| Amounts payable after more than one year | 17 | €54,004 | €34,395 | -€19,608 | -36.3% |
| Financial debts | 170/4 | €54,004 | €34,395 | -€19,608 | -36.3% |
| Amounts payable within one year | 42/48 | €268,431 | €186,947 | -€81,484 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €19,806 | €19,608 | -€197 | -1.0% |
| Financial debts | 43 | - | €449 | +€449 | |
| Credit institutions | 430/8 | - | €449 | +€449 | |
| Trade debts | 44 | €69,767 | €105,336 | +€35,569 | +51.0% |
| Suppliers | 440/4 | €69,767 | €105,336 | +€35,569 | +51.0% |
| Taxes, remuneration and social security | 45 | €17,943 | €6,638 | -€11,305 | -63.0% |
| Taxes | 450/3 | €9,840 | €4,251 | -€5,589 | -56.8% |
| Remuneration and social security | 454/9 | €8,103 | €2,387 | -€5,716 | -70.5% |
| Other amounts payable | 47/48 | €160,916 | €54,916 | -€106,000 | -65.9% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €120,248 | €100,883 | -€19,366 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,581 | €37,465 | +€884 | +2.4% |
| Other operating charges | 640/8 | €2,724 | €3,286 | +€562 | +20.6% |
| Gross operating margin | 9900 | €352,580 | €205,586 | -€146,994 | -41.7% |
| Operating profit (loss) | 9901 | €193,027 | €63,952 | -€129,075 | -66.9% |
| Financial income | 75/76B | €55 | €5 | -€50 | -91.6% |
| Recurring financial income | 75 | €55 | €5 | -€50 | -91.6% |
| Financial charges | 65/66B | €4,296 | €5,466 | +€1,170 | +27.2% |
| Recurring financial charges | 65 | €4,296 | €5,466 | +€1,170 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €188,786 | €58,491 | -€130,295 | -69.0% |
| Income taxes | 67/77 | €9,095 | €4,120 | -€4,975 | -54.7% |
| Profit (loss) for the period | 9904 | €179,691 | €54,371 | -€125,320 | -69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €179,691 | €54,371 | -€125,320 | -69.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.