CL INVEST: 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 INVEST
Largest movements
- Tangible fixed assets +€15,455
up €15,455 (+11.0%), from €140,822 to €156,277
of which Land and buildings: +€18,069
- Receivables within one year +€12,922
up €12,922 (+42.8%), from €30,193 to €43,114
- Cash -€10,915
down €10,915 (-14.7%), from €74,375 to €63,460
mainly Investment in fixed assets (net) (-€25,488) and Debts after one year (-€13,879)
- Reserves +€40,560
up €40,560 (+36.2%), from €111,956 to €152,516
- Debts after one year -€13,879
down €13,879 (-40.4%), from €34,339 to €20,460
- Other debts -€8,498
down €8,498 (-11.3%), from €75,383 to €66,885
- Gross operating margin +€13,322
up €13,322 (+17.9%), from €74,406 to €87,728
- Taxes +€4,347
up €4,347 (+28.5%), from €15,264 to €19,611
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 | €270,227 | €287,702 | +€17,475 | +6.5% |
| Fixed assets | 21/28 | €165,322 | €180,777 | +€15,455 | +9.3% |
| Tangible fixed assets | 22/27 | €140,822 | €156,277 | +€15,455 | +11.0% |
| Land and buildings | 22 | €127,113 | €145,182 | +€18,069 | +14.2% |
| Plant, machinery and equipment | 23 | €8,839 | €7,665 | -€1,174 | -13.3% |
| Furniture and vehicles | 24 | €4,869 | €3,430 | -€1,440 | -29.6% |
| Financial fixed assets | 28 | €24,500 | €24,500 | = | 0.0% |
| Current assets | 29/58 | €104,905 | €106,925 | +€2,020 | +1.9% |
| Amounts receivable within one year | 40/41 | €30,193 | €43,114 | +€12,922 | +42.8% |
| Trade receivables | 40 | €30,193 | €43,114 | +€12,922 | +42.8% |
| Cash at bank and in hand | 54/58 | €74,375 | €63,460 | -€10,915 | -14.7% |
| Deferred charges and accrued income | 490/1 | €337 | €350 | +€14 | +4.1% |
| Total equity and liabilities | 10/49 | €270,227 | €287,702 | +€17,475 | +6.5% |
| Equity | 10/15 | €124,356 | €164,916 | +€40,560 | +32.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €111,956 | €152,516 | +€40,560 | +36.2% |
| Distributable reserves | 133 | €111,956 | €152,516 | +€40,560 | +36.2% |
| Amounts payable | 17/49 | €145,871 | €122,786 | -€23,085 | -15.8% |
| Amounts payable after more than one year | 17 | €34,339 | €20,460 | -€13,879 | -40.4% |
| Financial debts | 170/4 | €34,339 | €20,460 | -€13,879 | -40.4% |
| Amounts payable within one year | 42/48 | €106,920 | €97,239 | -€9,681 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €13,430 | €13,879 | +€449 | +3.3% |
| Trade debts | 44 | €3,808 | €3,780 | -€28 | -0.7% |
| Suppliers | 440/4 | €3,808 | €3,780 | -€28 | -0.7% |
| Taxes, remuneration and social security | 45 | €14,299 | €12,695 | -€1,604 | -11.2% |
| Taxes | 450/3 | €14,299 | €12,695 | -€1,604 | -11.2% |
| Other amounts payable | 47/48 | €75,383 | €66,885 | -€8,498 | -11.3% |
| Accrued charges and deferred income | 492/3 | €4,612 | €5,087 | +€475 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,206 | €10,033 | +€827 | +9.0% |
| Other operating charges | 640/8 | €2,479 | €2,514 | +€36 | +1.4% |
| Gross operating margin | 9900 | €74,406 | €87,728 | +€13,322 | +17.9% |
| Operating profit (loss) | 9901 | €62,722 | €75,182 | +€12,459 | +19.9% |
| Financial income | 75/76B | €68 | €288 | +€220 | +322% |
| Recurring financial income | 75 | €68 | €288 | +€220 | +322% |
| Financial charges | 65/66B | €4,823 | €4,735 | -€88 | -1.8% |
| Recurring financial charges | 65 | €4,823 | €4,735 | -€88 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €57,967 | €70,735 | +€12,768 | +22.0% |
| Income taxes | 67/77 | €15,264 | €19,611 | +€4,347 | +28.5% |
| Profit (loss) for the period | 9904 | €42,703 | €51,123 | +€8,420 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,703 | €51,123 | +€8,420 | +19.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.