CL Excellence: 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.
CL Excellence
Largest movements
- Cash +€17,415
up €17,415 (+244%), from €7,143 to €24,558
mainly Net result for the year (+€18,092) and Depreciation (+€6,755)
- Tangible fixed assets -€6,167
down €6,167 (-84.2%), from €7,321 to €1,153
of which Plant, machinery and equipment: -€4,095
- Deferred charges and accrued income +€1,518
new in 2025: €1,518
- Receivables within one year +€1,110
up €1,110 (+13.0%), from €8,557 to €9,667
of which Trade receivables: +€1,512
- Stocks and contracts +€526
up €526 (+22.4%), from €2,350 to €2,876
- Profit (loss) carried forward +€18,092
new in 2025: €18,092
- Trade debts -€5,281
down €5,281 (-72.4%), from €7,291 to €2,010
- Tax, wage and social debts +€1,592
new in 2025: €1,592
of which Remuneration and social security: +€950
- Turnover -€229,893
no longer reported in 2025 (was €229,893)
- Purchases and services -€37,197
down €37,197 (-17.1%), from €217,346 to €180,149
- Staff costs -€20,615
down €20,615 (-56.0%), from €36,819 to €16,204
- Depreciation -€8,958
down €8,958 (-57.0%), from €15,713 to €6,755
- Gross operating margin +€2,665
up €2,665 (+6.1%), from €43,837 to €46,502
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 | €29,421 | €43,823 | +€14,403 | +49.0% |
| Fixed assets | 21/28 | €11,371 | €5,203 | -€6,167 | -54.2% |
| Tangible fixed assets | 22/27 | €7,321 | €1,153 | -€6,167 | -84.2% |
| Plant, machinery and equipment | 23 | €4,095 | - | -€4,095 | |
| Furniture and vehicles | 24 | €3,225 | €1,153 | -€2,072 | -64.2% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €18,050 | €38,620 | +€20,570 | +114% |
| Stocks and contracts in progress | 3 | €2,350 | €2,876 | +€526 | +22.4% |
| Stocks | 30/36 | €2,350 | €2,876 | +€526 | +22.4% |
| Amounts receivable within one year | 40/41 | €8,557 | €9,667 | +€1,110 | +13.0% |
| Trade receivables | 40 | - | €1,512 | +€1,512 | |
| Other amounts receivable | 41 | €8,557 | €8,155 | -€402 | -4.7% |
| Cash at bank and in hand | 54/58 | €7,143 | €24,558 | +€17,415 | +244% |
| Deferred charges and accrued income | 490/1 | - | €1,518 | +€1,518 | |
| Total equity and liabilities | 10/49 | €29,421 | €43,823 | +€14,403 | +49.0% |
| Equity | 10/15 | €22,129 | €40,222 | +€18,092 | +81.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,929 | €15,929 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,069 | €14,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €18,092 | +€18,092 | |
| Amounts payable | 17/49 | €7,291 | €3,602 | -€3,690 | -50.6% |
| Amounts payable within one year | 42/48 | €7,291 | €3,602 | -€3,690 | -50.6% |
| Trade debts | 44 | €7,291 | €2,010 | -€5,281 | -72.4% |
| Suppliers | 440/4 | €7,291 | €2,010 | -€5,281 | -72.4% |
| Taxes, remuneration and social security | 45 | - | €1,592 | +€1,592 | |
| Taxes | 450/3 | - | €641 | +€641 | |
| Remuneration and social security | 454/9 | - | €950 | +€950 | |
| Turnover | 70 | €229,893 | - | -€229,893 | |
| Goods, raw materials, services and sundry goods | 60/61 | €217,346 | €180,149 | -€37,197 | -17.1% |
| Remuneration, social security and pensions | 62 | €36,819 | €16,204 | -€20,615 | -56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,713 | €6,755 | -€8,958 | -57.0% |
| Other operating charges | 640/8 | €1,073 | €3,242 | +€2,169 | +202% |
| Non-recurring operating charges | 66A | €22 | - | -€22 | |
| Gross operating margin | 9900 | €43,837 | €46,502 | +€2,665 | +6.1% |
| Operating profit (loss) | 9901 | -€9,790 | €20,300 | +€30,090 | |
| Financial charges | 65/66B | €2,272 | €2,208 | -€64 | -2.8% |
| Recurring financial charges | 65 | €2,272 | €2,208 | -€64 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,062 | €18,092 | +€30,155 | |
| Profit (loss) for the period | 9904 | -€12,062 | €18,092 | +€30,155 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,062 | €18,092 | +€30,155 |
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 20 October 2026 via checked.be.