CL-PROJECTS: 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-PROJECTS
Largest movements
- Receivables within one year +€143,998
up €143,998 (+1,244%), from €11,573 to €155,571
of which Trade receivables: +€153,998
- Cash +€93,356
up €93,356 (+315%), from €29,654 to €123,011
mainly Net result for the year (+€118,372) and Other debts (+€100,697)
- Deferred charges and accrued income +€31,527
up €31,527 (+1,007%), from €3,132 to €34,659
- Stocks and contracts +€28,114
new in 2025: €28,114
- Profit (loss) carried forward +€118,372
up €118,372 (+24.3%), from -€487,462 to -€369,091
- Other debts +€100,697
up €100,697 (+504%), from €19,977 to €120,674
- Debts after one year +€30,686
up €30,686 (+8.9%), from €345,000 to €375,686
- Tax, wage and social debts +€26,884
up €26,884 (+421%), from €6,388 to €33,272
of which Taxes: +€29,834
- Trade debts +€11,987
up €11,987 (+106%), from €11,359 to €23,346
- Gross operating margin +€281,411
up €281,411, from -€147,917 to €133,494
- Financial charges +€9,022
up €9,022 (+189%), from €4,784 to €13,807
- Financial income -€3,116
down €3,116 (-67.2%), from €4,639 to €1,522
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 | €46,726 | €342,010 | +€295,283 | +632% |
| Fixed assets | 21/28 | €2,368 | €655 | -€1,713 | -72.3% |
| Tangible fixed assets | 22/27 | €2,368 | €655 | -€1,713 | -72.3% |
| Furniture and vehicles | 24 | €2,368 | €655 | -€1,713 | -72.3% |
| Current assets | 29/58 | €44,359 | €341,355 | +€296,996 | +670% |
| Stocks and contracts in progress | 3 | - | €28,114 | +€28,114 | |
| Stocks | 30/36 | - | €28,114 | +€28,114 | |
| Amounts receivable within one year | 40/41 | €11,573 | €155,571 | +€143,998 | +1,244% |
| Trade receivables | 40 | €1,573 | €155,571 | +€153,998 | +9,790% |
| Other amounts receivable | 41 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €29,654 | €123,011 | +€93,356 | +315% |
| Deferred charges and accrued income | 490/1 | €3,132 | €34,659 | +€31,527 | +1,007% |
| Total equity and liabilities | 10/49 | €46,726 | €342,010 | +€295,283 | +632% |
| Equity | 10/15 | -€338,533 | -€220,162 | +€118,372 | +35.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €123,929 | €123,929 | = | 0.0% |
| Distributable reserves | 133 | €123,929 | €123,929 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€487,462 | -€369,091 | +€118,372 | +24.3% |
| Amounts payable | 17/49 | €385,260 | €562,172 | +€176,912 | +45.9% |
| Amounts payable after more than one year | 17 | €345,000 | €375,686 | +€30,686 | +8.9% |
| Financial debts | 170/4 | €345,000 | €375,686 | +€30,686 | +8.9% |
| Amounts payable within one year | 42/48 | €40,260 | €186,485 | +€146,225 | +363% |
| Current portion of amounts payable after more than one year | 42 | - | €9,193 | +€9,193 | |
| Financial debts | 43 | €2,535 | - | -€2,535 | |
| Other loans | 439 | €2,535 | - | -€2,535 | |
| Trade debts | 44 | €11,359 | €23,346 | +€11,987 | +106% |
| Suppliers | 440/4 | €11,359 | €23,346 | +€11,987 | +106% |
| Taxes, remuneration and social security | 45 | €6,388 | €33,272 | +€26,884 | +421% |
| Taxes | 450/3 | €3,438 | €33,272 | +€29,834 | +868% |
| Remuneration and social security | 454/9 | €2,950 | - | -€2,950 | |
| Other amounts payable | 47/48 | €19,977 | €120,674 | +€100,697 | +504% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,205 | €1,713 | +€508 | +42.1% |
| Other operating charges | 640/8 | €1,466 | €520 | -€946 | -64.5% |
| Gross operating margin | 9900 | -€147,917 | €133,494 | +€281,411 | |
| Operating profit (loss) | 9901 | -€150,588 | €131,261 | +€281,849 | |
| Financial income | 75/76B | €4,639 | €1,522 | -€3,116 | -67.2% |
| Recurring financial income | 75 | €4,639 | €1,522 | -€3,116 | -67.2% |
| Financial charges | 65/66B | €4,784 | €13,807 | +€9,022 | +189% |
| Recurring financial charges | 65 | €4,784 | €13,807 | +€9,022 | +189% |
| Profit (loss) for the period before taxes | 9903 | -€150,733 | €118,977 | +€269,710 | |
| Income taxes | 67/77 | €837 | €606 | -€232 | -27.7% |
| Profit (loss) for the period | 9904 | -€151,571 | €118,372 | +€269,942 | |
| Profit (loss) for the period to be appropriated | 9905 | -€151,571 | €118,372 | +€269,942 |
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 19 October 2026 via checked.be.