CL²: 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.
CL²
Largest movements
- Cash -€15,191
down €15,191 (-4.2%), from €357,934 to €342,743
mainly Investment in fixed assets (net) (-€26,649) and Other debts (-€24,948)
- Tangible fixed assets +€12,031
up €12,031 (+86.6%), from €13,893 to €25,925
of which Furniture and vehicles: +€9,913
- Receivables within one year +€10,188
up €10,188 (+20.6%), from €49,567 to €59,755
of which Trade receivables: +€8,132
- Reserves +€47,578
up €47,578 (+12.7%), from €374,541 to €422,119
- Other debts -€24,948
down €24,948 (-100%), from €24,948 to €0
- Current portion of long-term debt -€7,651
down €7,651 (-100%), from €7,651 to €0
- Gross operating margin +€38,308
up €38,308 (+87.4%), from €43,829 to €82,137
- Taxes +€11,058
up €11,058 (+93.5%), from €11,823 to €22,881
- Depreciation +€4,131
up €4,131 (+64.5%), from €6,400 to €10,531
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 | €423,654 | €434,690 | +€11,036 | +2.6% |
| Fixed assets | 21/28 | €13,918 | €30,036 | +€16,118 | +116% |
| Intangible fixed assets | 21 | - | €4,087 | +€4,087 | |
| Tangible fixed assets | 22/27 | €13,893 | €25,925 | +€12,031 | +86.6% |
| Plant, machinery and equipment | 23 | €2,264 | €1,434 | -€830 | -36.7% |
| Furniture and vehicles | 24 | €6,402 | €16,315 | +€9,913 | +155% |
| Other tangible fixed assets | 26 | €5,228 | €8,176 | +€2,948 | +56.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €409,736 | €404,654 | -€5,082 | -1.2% |
| Amounts receivable within one year | 40/41 | €49,567 | €59,755 | +€10,188 | +20.6% |
| Trade receivables | 40 | €19,368 | €27,500 | +€8,132 | +42.0% |
| Other amounts receivable | 41 | €30,199 | €32,255 | +€2,056 | +6.8% |
| Cash at bank and in hand | 54/58 | €357,934 | €342,743 | -€15,191 | -4.2% |
| Deferred charges and accrued income | 490/1 | €2,235 | €2,156 | -€79 | -3.5% |
| Total equity and liabilities | 10/49 | €423,654 | €434,690 | +€11,036 | +2.6% |
| Equity | 10/15 | €386,941 | €434,519 | +€47,578 | +12.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €374,541 | €422,119 | +€47,578 | +12.7% |
| Distributable reserves | 133 | €374,541 | €422,119 | +€47,578 | +12.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,713 | €171 | -€36,542 | -99.5% |
| Amounts payable within one year | 42/48 | €36,713 | €171 | -€36,542 | -99.5% |
| Current portion of amounts payable after more than one year | 42 | €7,651 | €0 | -€7,651 | -100% |
| Financial debts | 43 | €171 | €171 | +€0 | +0.2% |
| Credit institutions | 430/8 | €171 | €171 | +€0 | +0.2% |
| Trade debts | 44 | €3,943 | €0 | -€3,943 | -100% |
| Suppliers | 440/4 | €3,943 | €0 | -€3,943 | -100% |
| Other amounts payable | 47/48 | €24,948 | €0 | -€24,948 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,400 | €10,531 | +€4,131 | +64.5% |
| Other operating charges | 640/8 | €1,347 | €956 | -€392 | -29.1% |
| Gross operating margin | 9900 | €43,829 | €82,137 | +€38,308 | +87.4% |
| Operating profit (loss) | 9901 | €36,081 | €70,650 | +€34,568 | +95.8% |
| Financial income | 75/76B | €2,092 | €2,041 | -€51 | -2.4% |
| Recurring financial income | 75 | €2,092 | €2,041 | -€51 | -2.4% |
| Financial charges | 65/66B | €1,732 | €2,232 | +€500 | +28.9% |
| Recurring financial charges | 65 | €1,732 | €2,232 | +€500 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €36,441 | €70,459 | +€34,017 | +93.3% |
| Income taxes | 67/77 | €11,823 | €22,881 | +€11,058 | +93.5% |
| Profit (loss) for the period | 9904 | €24,618 | €47,578 | +€22,959 | +93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,618 | €47,578 | +€22,959 | +93.3% |
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 16 October 2026 via checked.be.