CL2R Advisory: 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.
CL2R Advisory
Largest movements
- Current investments +€34,476
up €34,476 (+35.9%), from €95,988 to €130,463
- Cash -€30,127
down €30,127 (-42.1%), from €71,605 to €41,479
mainly Contributions, distributions and other (-€92,624) and Current investments (-€34,476)
- Receivables within one year +€3,974
up €3,974 (+10.8%), from €36,879 to €40,853
of which Trade receivables: +€3,649
- Other debts +€66,788
up €66,788 (+187%), from €35,757 to €102,545
- Reserves -€38,073
down €38,073 (-29.0%), from €131,191 to €93,118
- Tax, wage and social debts -€26,568
down €26,568 (-59.7%), from €44,528 to €17,959
of which Taxes: -€26,568
- Current portion of long-term debt +€5,045
up €5,045, from €0 to €5,045
- Gross operating margin +€16,029
up €16,029 (+17.1%), from €93,548 to €109,577
- Financial charges -€5,717
down €5,717 (-13.6%), from €42,164 to €36,447
- Depreciation +€1,618
up €1,618 (+95.0%), from €1,702 to €3,320
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 | €215,035 | €223,415 | +€8,380 | +3.9% |
| Fixed assets | 21/28 | €6,718 | €7,731 | +€1,013 | +15.1% |
| Tangible fixed assets | 22/27 | €6,718 | €7,731 | +€1,013 | +15.1% |
| Furniture and vehicles | 24 | €4,895 | €6,109 | +€1,213 | +24.8% |
| Other tangible fixed assets | 26 | €1,822 | €1,622 | -€200 | -11.0% |
| Current assets | 29/58 | €208,317 | €215,684 | +€7,366 | +3.5% |
| Amounts receivable within one year | 40/41 | €36,879 | €40,853 | +€3,974 | +10.8% |
| Trade receivables | 40 | €36,879 | €40,528 | +€3,649 | +9.9% |
| Other amounts receivable | 41 | €0 | €325 | +€325 | |
| Current investments | 50/53 | €95,988 | €130,463 | +€34,476 | +35.9% |
| Cash at bank and in hand | 54/58 | €71,605 | €41,479 | -€30,127 | -42.1% |
| Deferred charges and accrued income | 490/1 | €3,846 | €2,888 | -€957 | -24.9% |
| Total equity and liabilities | 10/49 | €215,035 | €223,415 | +€8,380 | +3.9% |
| Equity | 10/15 | €134,191 | €96,118 | -€38,073 | -28.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €131,191 | €93,118 | -€38,073 | -29.0% |
| Distributable reserves | 133 | €131,191 | €93,118 | -€38,073 | -29.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,844 | €127,297 | +€46,453 | +57.5% |
| Amounts payable within one year | 42/48 | €80,692 | €127,297 | +€46,605 | +57.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €5,045 | +€5,045 | |
| Trade debts | 44 | €407 | €1,747 | +€1,340 | +329% |
| Suppliers | 440/4 | €407 | €1,747 | +€1,340 | +329% |
| Taxes, remuneration and social security | 45 | €44,528 | €17,959 | -€26,568 | -59.7% |
| Taxes | 450/3 | €44,512 | €17,943 | -€26,568 | -59.7% |
| Remuneration and social security | 454/9 | €16 | €16 | = | 0.0% |
| Other amounts payable | 47/48 | €35,757 | €102,545 | +€66,788 | +187% |
| Accrued charges and deferred income | 492/3 | €152 | €0 | -€152 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,702 | €3,320 | +€1,618 | +95.0% |
| Other operating charges | 640/8 | €729 | €664 | -€65 | -8.9% |
| Gross operating margin | 9900 | €93,548 | €109,577 | +€16,029 | +17.1% |
| Operating profit (loss) | 9901 | €91,117 | €105,593 | +€14,476 | +15.9% |
| Financial income | 75/76B | €411 | €111 | -€300 | -73.0% |
| Recurring financial income | 75 | €411 | €111 | -€300 | -73.0% |
| Financial charges | 65/66B | €42,164 | €36,447 | -€5,717 | -13.6% |
| Recurring financial charges | 65 | €42,164 | €36,447 | -€5,717 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €49,363 | €69,257 | +€19,893 | +40.3% |
| Income taxes | 67/77 | €14,055 | €14,706 | +€652 | +4.6% |
| Profit (loss) for the period | 9904 | €35,309 | €54,551 | +€19,242 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,309 | €54,551 | +€19,242 | +54.5% |
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 18 October 2026 via checked.be.