CL Finances: 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 Finances
Largest movements
- Current investments +€205,625
up €205,625 (+852.6%), from €24,116 to €229,741
- Cash +€184,541
up €184,541 (+69.8%), from €264,411 to €448,952
mainly Net result for the year (+€314,986) and Depreciation (+€91,120)
- Intangible fixed assets -€72,500
down €72,500 (-12.0%), from €605,623 to €533,123
- Receivables within one year -€27,157
down €27,157 (-14.0%), from €194,160 to €167,003
of which Other amounts receivable: -€25,731
- Reserves +€208,395
new in 2025: €208,395
- Debts after one year -€124,214
down €124,214 (-12.0%), from €1.0m to €912,594
of which Financial debts: -€124,214
- Profit (loss) carried forward +€106,591
up €106,591 (+23.3%), from €456,660 to €563,251
- Provisions +€53,089
new in 2025: €53,089
- Other debts +€49,500
up €49,500, from €0 to €49,500
- Other operating charges -€68,286
down €68,286 (-86.2%), from €79,188 to €10,902
- Provisions +€53,089
new in 2025: €53,089
- Staff costs +€49,605
up €49,605 (+42.9%), from €115,572 to €165,177
- Gross operating margin +€34,729
up €34,729 (+4.5%), from €766,295 to €801,024
- Taxes +€11,881
up €11,881 (+10.7%), from €111,054 to €122,935
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 | €1,701,475 | €1,998,810 | +€297,335 | +17.5% |
| Fixed assets | 21/28 | €1,205,056 | €1,139,783 | -€65,274 | -5.4% |
| Intangible fixed assets | 21 | €605,623 | €533,123 | -€72,500 | -12.0% |
| Tangible fixed assets | 22/27 | €598,907 | €606,133 | +€7,226 | +1.2% |
| Land and buildings | 22 | €586,607 | €582,412 | -€4,194 | -0.7% |
| Furniture and vehicles | 24 | €12,300 | €23,721 | +€11,421 | +92.9% |
| Financial fixed assets | 28 | €527 | €527 | = | 0.0% |
| Current assets | 29/58 | €496,418 | €859,027 | +€362,609 | +73.0% |
| Amounts receivable within one year | 40/41 | €194,160 | €167,003 | -€27,157 | -14.0% |
| Trade receivables | 40 | €93,801 | €92,376 | -€1,426 | -1.5% |
| Other amounts receivable | 41 | €100,359 | €74,627 | -€25,731 | -25.6% |
| Current investments | 50/53 | €24,116 | €229,741 | +€205,625 | +852.6% |
| Cash at bank and in hand | 54/58 | €264,411 | €448,952 | +€184,541 | +69.8% |
| Deferred charges and accrued income | 490/1 | €13,732 | €13,331 | -€401 | -2.9% |
| Total equity and liabilities | 10/49 | €1,701,475 | €1,998,810 | +€297,335 | +17.5% |
| Equity | 10/15 | €476,660 | €811,646 | +€334,986 | +70.3% |
| Contributions | 10/11 | €20,000 | €40,000 | +€20,000 | +100.0% |
| Reserves | 13 | - | €208,395 | +€208,395 | |
| Tax-exempt reserves | 132 | - | €208,395 | +€208,395 | |
| Profit (loss) carried forward | 14 | €456,660 | €563,251 | +€106,591 | +23.3% |
| Provisions and deferred taxes | 16 | - | €53,089 | +€53,089 | |
| Provisions for liabilities and charges | 160/5 | - | €53,089 | +€53,089 | |
| Other liabilities and charges | 164/5 | - | €53,089 | +€53,089 | |
| Amounts payable | 17/49 | €1,224,815 | €1,134,075 | -€90,740 | -7.4% |
| Amounts payable after more than one year | 17 | €1,036,808 | €912,594 | -€124,214 | -12.0% |
| Financial debts | 170/4 | €1,035,408 | €911,194 | -€124,214 | -12.0% |
| Other amounts payable | 178/9 | €1,400 | €1,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €178,003 | €211,477 | +€33,475 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €116,964 | €125,326 | +€8,361 | +7.1% |
| Trade debts | 44 | €3,306 | €1,162 | -€2,144 | -64.9% |
| Suppliers | 440/4 | €3,306 | €1,162 | -€2,144 | -64.9% |
| Taxes, remuneration and social security | 45 | €57,732 | €35,490 | -€22,243 | -38.5% |
| Taxes | 450/3 | €35,925 | €2,801 | -€33,124 | -92.2% |
| Remuneration and social security | 454/9 | €21,808 | €32,689 | +€10,881 | +49.9% |
| Other amounts payable | 47/48 | €0 | €49,500 | +€49,500 | |
| Accrued charges and deferred income | 492/3 | €10,004 | €10,004 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,461 | +€1,461 | |
| Remuneration, social security and pensions | 62 | €115,572 | €165,177 | +€49,605 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,608 | €91,120 | +€1,512 | +1.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €53,089 | +€53,089 | |
| Other operating charges | 640/8 | €79,188 | €10,902 | -€68,286 | -86.2% |
| Gross operating margin | 9900 | €766,295 | €801,024 | +€34,729 | +4.5% |
| Operating profit (loss) | 9901 | €481,928 | €480,736 | -€1,192 | -0.2% |
| Financial income | 75/76B | €3,469 | €5,155 | +€1,686 | +48.6% |
| Recurring financial income | 75 | €3,469 | €5,155 | +€1,686 | +48.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €39,146 | €47,970 | +€8,824 | +22.5% |
| Recurring financial charges | 65 | €39,146 | €45,423 | +€6,277 | +16.0% |
| Non-recurring financial charges | 66B | - | €2,546 | +€2,546 | |
| Profit (loss) for the period before taxes | 9903 | €446,251 | €437,921 | -€8,330 | -1.9% |
| Income taxes | 67/77 | €111,054 | €122,935 | +€11,881 | +10.7% |
| Profit (loss) for the period | 9904 | €335,197 | €314,986 | -€20,211 | -6.0% |
| Transfer to tax-exempt reserves | 689 | - | €208,395 | +€208,395 | |
| Profit (loss) for the period to be appropriated | 9905 | €335,197 | €106,591 | -€228,606 | -68.2% |
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 8 October 2026 via checked.be.