C&LO: 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&LO
Largest movements
- Receivables within one year -€42,689
down €42,689 (-81.7%), from €52,271 to €9,582
of which Trade receivables: -€39,930
- Cash +€9,504
up €9,504 (+46.5%), from €20,423 to €29,927
mainly Net result for the year (+€46,529) and Receivables within one year (+€42,689)
- Current investments +€6,000
new in 2025: €6,000
- Tangible fixed assets +€5,173
up €5,173 (+20.1%), from €25,770 to €30,943
of which Other tangible fixed assets: +€12,301
- Receivables after one year -€3,004
down €3,004 (-11.6%), from €25,979 to €22,976
- Other debts -€18,422
down €18,422 (-68.4%), from €26,915 to €8,493
- Debts after one year -€7,769
down €7,769 (-73.0%), from €10,647 to €2,878
- Profit (loss) carried forward +€1,529
up €1,529 (+113%), from €1,350 to €2,879
- Turnover +€128,100
new in 2025: €128,100
- Purchases and services +€59,518
new in 2025: €59,518
- Gross operating margin +€8,662
up €8,662 (+13.1%), from €66,251 to €74,913
- Taxes +€4,424
up €4,424 (+37.0%), from €11,963 to €16,388
- Other operating charges +€1,666
up €1,666 (+221%), from €752 to €2,418
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 | €125,153 | €100,109 | -€25,044 | -20.0% |
| Fixed assets | 21/28 | €25,770 | €30,943 | +€5,173 | +20.1% |
| Tangible fixed assets | 22/27 | €25,770 | €30,943 | +€5,173 | +20.1% |
| Furniture and vehicles | 24 | €0 | €724 | +€724 | |
| Leasing and similar rights | 25 | €17,016 | €9,164 | -€7,852 | -46.1% |
| Other tangible fixed assets | 26 | €8,754 | €21,055 | +€12,301 | +141% |
| Current assets | 29/58 | €99,383 | €69,166 | -€30,216 | -30.4% |
| Amounts receivable after more than one year | 29 | €25,979 | €22,976 | -€3,004 | -11.6% |
| Other amounts receivable | 291 | €25,979 | €22,976 | -€3,004 | -11.6% |
| Amounts receivable within one year | 40/41 | €52,271 | €9,582 | -€42,689 | -81.7% |
| Trade receivables | 40 | €48,400 | €8,470 | -€39,930 | -82.5% |
| Other amounts receivable | 41 | €3,871 | €1,112 | -€2,759 | -71.3% |
| Current investments | 50/53 | - | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €20,423 | €29,927 | +€9,504 | +46.5% |
| Deferred charges and accrued income | 490/1 | €710 | €681 | -€28 | -4.0% |
| Total equity and liabilities | 10/49 | €125,153 | €100,109 | -€25,044 | -20.0% |
| Equity | 10/15 | €64,850 | €66,379 | +€1,529 | +2.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €61,000 | €61,000 | = | 0.0% |
| Distributable reserves | 133 | €61,000 | €61,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,350 | €2,879 | +€1,529 | +113% |
| Amounts payable | 17/49 | €60,303 | €33,730 | -€26,573 | -44.1% |
| Amounts payable after more than one year | 17 | €10,647 | €2,878 | -€7,769 | -73.0% |
| Financial debts | 170/4 | €10,647 | €2,878 | -€7,769 | -73.0% |
| Amounts payable within one year | 42/48 | €49,656 | €30,852 | -€18,803 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €7,641 | €7,769 | +€128 | +1.7% |
| Trade debts | 44 | €930 | €736 | -€194 | -20.9% |
| Suppliers | 440/4 | €930 | €736 | -€194 | -20.9% |
| Taxes, remuneration and social security | 45 | €14,169 | €13,854 | -€315 | -2.2% |
| Taxes | 450/3 | €12,719 | €13,854 | +€1,135 | +8.9% |
| Remuneration and social security | 454/9 | €1,450 | €0 | -€1,450 | -100% |
| Other amounts payable | 47/48 | €26,915 | €8,493 | -€18,422 | -68.4% |
| Turnover | 70 | - | €128,100 | +€128,100 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €59,518 | +€59,518 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,050 | €9,530 | +€480 | +5.3% |
| Other operating charges | 640/8 | €752 | €2,418 | +€1,666 | +221% |
| Non-recurring operating charges | 66A | €698 | €0 | -€698 | -100% |
| Gross operating margin | 9900 | €66,251 | €74,913 | +€8,662 | +13.1% |
| Operating profit (loss) | 9901 | €55,751 | €62,965 | +€7,214 | +12.9% |
| Financial income | 75/76B | €693 | €621 | -€72 | -10.5% |
| Recurring financial income | 75 | €693 | €621 | -€72 | -10.5% |
| Financial charges | 65/66B | €418 | €669 | +€250 | +59.8% |
| Recurring financial charges | 65 | €418 | €669 | +€250 | +59.8% |
| Profit (loss) for the period before taxes | 9903 | €56,026 | €62,917 | +€6,891 | +12.3% |
| Income taxes | 67/77 | €11,963 | €16,388 | +€4,424 | +37.0% |
| Profit (loss) for the period | 9904 | €44,062 | €46,529 | +€2,467 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,062 | €46,529 | +€2,467 | +5.6% |
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 13 October 2026 via checked.be.