CL29: 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.
CL29
Largest movements
- Stocks and contracts -€143,467
down €143,467 (-20.8%), from €691,089 to €547,622
- Short-term financial debts -€92,500
down €92,500 (-22.2%), from €417,318 to €324,818
- Other debts -€47,336
down €47,336 (-19.2%), from €247,010 to €199,674
- Gross operating margin -€38,358
down €38,358 (-72.3%), from €53,029 to €14,672
- Financial charges -€15,457
down €15,457 (-44.8%), from €34,502 to €19,045
- Taxes -€2,530
no longer reported in 2025 (was €2,530)
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 | €700,428 | €555,762 | -€144,666 | -20.7% |
| Current assets | 29/58 | €700,428 | €555,762 | -€144,666 | -20.7% |
| Stocks and contracts in progress | 3 | €691,089 | €547,622 | -€143,467 | -20.8% |
| Stocks | 30/36 | €691,089 | €547,622 | -€143,467 | -20.8% |
| Cash at bank and in hand | 54/58 | €8,895 | €7,123 | -€1,772 | -19.9% |
| Deferred charges and accrued income | 490/1 | €443 | €1,017 | +€574 | +129.4% |
| Total equity and liabilities | 10/49 | €700,428 | €555,762 | -€144,666 | -20.7% |
| Equity | 10/15 | €10,589 | €5,816 | -€4,773 | -45.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,589 | €2,816 | -€4,773 | -62.9% |
| Amounts payable | 17/49 | €689,839 | €549,946 | -€139,893 | -20.3% |
| Amounts payable after more than one year | 17 | €182 | - | -€182 | |
| Other amounts payable | 178/9 | €182 | - | -€182 | |
| Amounts payable within one year | 42/48 | €689,657 | €549,946 | -€139,712 | -20.3% |
| Financial debts | 43 | €417,318 | €324,818 | -€92,500 | -22.2% |
| Credit institutions | 430/8 | €417,318 | €324,818 | -€92,500 | -22.2% |
| Trade debts | 44 | €22,800 | €22,924 | +€124 | +0.5% |
| Suppliers | 440/4 | €22,800 | €22,924 | +€124 | +0.5% |
| Taxes, remuneration and social security | 45 | €2,530 | €2,530 | = | 0.0% |
| Taxes | 450/3 | €2,530 | €2,530 | = | 0.0% |
| Other amounts payable | 47/48 | €247,010 | €199,674 | -€47,336 | -19.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €53,029 | €14,672 | -€38,358 | -72.3% |
| Operating profit (loss) | 9901 | €52,642 | €14,272 | -€38,370 | -72.9% |
| Financial charges | 65/66B | €34,502 | €19,045 | -€15,457 | -44.8% |
| Recurring financial charges | 65 | €34,502 | €19,045 | -€15,457 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €18,140 | -€4,773 | -€22,913 | |
| Income taxes | 67/77 | €2,530 | - | -€2,530 | |
| Profit (loss) for the period | 9904 | €15,610 | -€4,773 | -€20,383 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,610 | -€4,773 | -€20,383 |
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 29 September 2026 via checked.be.