CL: what changed
Two fiscal 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.
CL
Largest movements
- Cash -€63,571
down €63,571 (-71.6%), from €88,823 to €25,251
mainly Debts after one year (-€120,205) and Other debts (-€74,476)
- Tangible fixed assets -€36,353
down €36,353 (-1.6%), from €2.3m to €2.2m
of which Land and buildings: -€51,870
- Debts after one year -€120,205
down €120,205 (-20.5%), from €585,609 to €465,405
- Reserves +€102,579
up €102,579 (+10.7%), from €962,264 to €1.1m
of which Distributable reserves: +€108,497
- Other debts -€74,476
down €74,476 (-16.9%), from €440,398 to €365,922
- Financial charges -€4,748
down €4,748 (-13.6%), from €34,998 to €30,250
- Depreciation +€2,970
up €2,970 (+4.9%), from €60,413 to €63,383
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.
Cash bridge derived
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 | €2,355,657 | €2,243,507 | -€112,150 | -4.8% |
| Fixed assets | 21/28 | €2,251,726 | €2,215,373 | -€36,353 | -1.6% |
| Tangible fixed assets | 22/27 | €2,251,726 | €2,215,373 | -€36,353 | -1.6% |
| Land and buildings | 22 | €2,175,216 | €2,123,346 | -€51,870 | -2.4% |
| Plant, machinery and equipment | 23 | €76,509 | €92,027 | +€15,517 | +20.3% |
| Current assets | 29/58 | €103,931 | €28,134 | -€75,797 | -72.9% |
| Amounts receivable within one year | 40/41 | €14,340 | €1,459 | -€12,880 | -89.8% |
| Trade receivables | 40 | €7,069 | €1,459 | -€5,610 | -79.4% |
| Other amounts receivable | 41 | €7,271 | €0 | -€7,271 | -100.0% |
| Cash at bank and in hand | 54/58 | €88,823 | €25,251 | -€63,571 | -71.6% |
| Deferred charges and accrued income | 490/1 | €768 | €1,423 | +€655 | +85.2% |
| Total equity and liabilities | 10/49 | €2,355,657 | €2,243,507 | -€112,150 | -4.8% |
| Equity | 10/15 | €1,111,264 | €1,213,844 | +€102,579 | +9.2% |
| Contributions | 10/11 | €149,000 | €149,000 | = | 0.0% |
| Capital | 10 | €149,000 | €149,000 | = | 0.0% |
| Issued capital | 100 | €149,000 | €149,000 | = | 0.0% |
| Reserves | 13 | €962,264 | €1,064,844 | +€102,579 | +10.7% |
| Non-distributable reserves | 130/1 | €14,900 | €14,900 | = | 0.0% |
| Legal reserve | 130 | €14,900 | €14,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €94,674 | €88,757 | -€5,917 | -6.3% |
| Distributable reserves | 133 | €852,691 | €961,187 | +€108,497 | +12.7% |
| Provisions and deferred taxes | 16 | €31,558 | €29,586 | -€1,972 | -6.3% |
| Deferred taxes | 168 | €31,558 | €29,586 | -€1,972 | -6.3% |
| Amounts payable | 17/49 | €1,212,835 | €1,000,078 | -€212,757 | -17.5% |
| Amounts payable after more than one year | 17 | €585,609 | €465,405 | -€120,205 | -20.5% |
| Financial debts | 170/4 | €585,609 | €465,405 | -€120,205 | -20.5% |
| Amounts payable within one year | 42/48 | €614,019 | €526,262 | -€87,757 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €116,515 | €120,205 | +€3,690 | +3.2% |
| Trade debts | 44 | €12,266 | €4,387 | -€7,879 | -64.2% |
| Suppliers | 440/4 | €12,266 | €4,387 | -€7,879 | -64.2% |
| Taxes, remuneration and social security | 45 | €44,840 | €35,748 | -€9,092 | -20.3% |
| Taxes | 450/3 | €44,840 | €35,748 | -€9,092 | -20.3% |
| Other amounts payable | 47/48 | €440,398 | €365,922 | -€74,476 | -16.9% |
| Accrued charges and deferred income | 492/3 | €13,206 | €8,411 | -€4,795 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,413 | €63,383 | +€2,970 | +4.9% |
| Other operating charges | 640/8 | €18,974 | €19,569 | +€595 | +3.1% |
| Gross operating margin | 9900 | €265,400 | €263,473 | -€1,927 | -0.7% |
| Operating profit (loss) | 9901 | €186,013 | €180,521 | -€5,492 | -3.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €34,998 | €30,250 | -€4,748 | -13.6% |
| Recurring financial charges | 65 | €34,998 | €30,250 | -€4,748 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €151,015 | €150,272 | -€744 | -0.5% |
| Transfer from deferred taxes | 780 | €1,972 | €1,972 | = | 0.0% |
| Income taxes | 67/77 | €51,084 | €49,665 | -€1,419 | -2.8% |
| Profit (loss) for the period | 9904 | €101,904 | €102,579 | +€675 | +0.7% |
| Transfer from tax-exempt reserves | 789 | €5,917 | €5,917 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €107,821 | €108,497 | +€675 | +0.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.