CLAD: 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.
CLAD
Largest movements
- Receivables within one year +€8,299
up €8,299 (+15.9%), from €52,191 to €60,490
of which Other amounts receivable: +€8,738
- Cash -€7,602
down €7,602 (-60.4%), from €12,595 to €4,993
mainly Receivables within one year (-€8,299) and Tax, wage and social debts (-€3,901)
- Tangible fixed assets -€1,490
down €1,490 (-100%), from €1,490 to €0
- Tax, wage and social debts -€3,901
down €3,901 (-40.7%), from €9,588 to €5,686
- Reserves +€2,336
up €2,336 (+29.3%), from €7,961 to €10,296
of which Distributable reserves: +€2,336
- Trade debts +€1,418
up €1,418 (+334%), from €425 to €1,843
- Advances received -€1,094
down €1,094 (-55.7%), from €1,966 to €871
- Profit (loss) carried forward -€833
down €833 (-3.0%), from €28,186 to €27,353
- Gross operating margin -€3,314
down €3,314 (-43.1%), from €7,697 to €4,383
- Taxes -€1,032
down €1,032 (-29.8%), from €3,459 to €2,427
- Financial income -€411
down €411 (-12.1%), from €3,397 to €2,986
- Financial charges +€121
up €121 (+141%), from €86 to €208
- Other operating charges -€108
down €108 (-10.6%), from €1,016 to €908
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 | €66,725 | €65,483 | -€1,241 | -1.9% |
| Fixed assets | 21/28 | €1,490 | €0 | -€1,490 | -100% |
| Tangible fixed assets | 22/27 | €1,490 | €0 | -€1,490 | -100% |
| Furniture and vehicles | 24 | €1,490 | €0 | -€1,490 | -100% |
| Current assets | 29/58 | €65,234 | €65,483 | +€249 | +0.4% |
| Amounts receivable within one year | 40/41 | €52,191 | €60,490 | +€8,299 | +15.9% |
| Trade receivables | 40 | €1,839 | €1,399 | -€440 | -23.9% |
| Other amounts receivable | 41 | €50,352 | €59,091 | +€8,738 | +17.4% |
| Cash at bank and in hand | 54/58 | €12,595 | €4,993 | -€7,602 | -60.4% |
| Deferred charges and accrued income | 490/1 | €448 | €0 | -€448 | -100% |
| Total equity and liabilities | 10/49 | €66,725 | €65,483 | -€1,241 | -1.9% |
| Equity | 10/15 | €54,746 | €56,249 | +€1,503 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,961 | €10,296 | +€2,336 | +29.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,100 | €1,100 | = | 0.0% |
| Distributable reserves | 133 | €5,001 | €7,336 | +€2,336 | +46.7% |
| Profit (loss) carried forward | 14 | €28,186 | €27,353 | -€833 | -3.0% |
| Amounts payable | 17/49 | €11,978 | €9,234 | -€2,744 | -22.9% |
| Amounts payable within one year | 42/48 | €11,978 | €9,234 | -€2,744 | -22.9% |
| Trade debts | 44 | €425 | €1,843 | +€1,418 | +334% |
| Suppliers | 440/4 | €425 | €1,843 | +€1,418 | +334% |
| Advances received on contracts in progress | 46 | €1,966 | €871 | -€1,094 | -55.7% |
| Taxes, remuneration and social security | 45 | €9,588 | €5,686 | -€3,901 | -40.7% |
| Taxes | 450/3 | €9,588 | €5,686 | -€3,901 | -40.7% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,532 | €1,490 | -€42 | -2.7% |
| Other operating charges | 640/8 | €1,016 | €908 | -€108 | -10.6% |
| Gross operating margin | 9900 | €7,697 | €4,383 | -€3,314 | -43.1% |
| Operating profit (loss) | 9901 | €5,149 | €1,984 | -€3,165 | -61.5% |
| Financial income | 75/76B | €3,397 | €2,986 | -€411 | -12.1% |
| Recurring financial income | 75 | €3,397 | €2,986 | -€411 | -12.1% |
| Financial charges | 65/66B | €86 | €208 | +€121 | +141% |
| Recurring financial charges | 65 | €86 | €208 | +€121 | +141% |
| Profit (loss) for the period before taxes | 9903 | €8,460 | €4,763 | -€3,697 | -43.7% |
| Income taxes | 67/77 | €3,459 | €2,427 | -€1,032 | -29.8% |
| Profit (loss) for the period | 9904 | €5,001 | €2,336 | -€2,665 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,001 | €2,336 | -€2,665 | -53.3% |
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 24 October 2026 via checked.be.