CLC VERSAGE: 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.
CLC VERSAGE
Largest movements
- Tangible fixed assets +€692,499
up €692,499 (+38.0%), from €1.8m to €2.5m
of which Assets under construction and advance payments: +€381,523
- Receivables within one year -€36,243
down €36,243 (-95.1%), from €38,104 to €1,862
of which Other amounts receivable: -€36,243
- Profit (loss) carried forward +€194,159
up €194,159, from -€178,403 to €15,756
- Debts after one year +€176,860
up €176,860 (+26.3%), from €672,619 to €849,479
- Other debts +€131,008
up €131,008 (+11.3%), from €1.2m to €1.3m
- Trade debts +€93,537
up €93,537 (+338.9%), from €27,600 to €121,136
- Current portion of long-term debt +€59,197
up €59,197 (+76.5%), from €77,381 to €136,578
- Gross operating margin +€226,970
up €226,970, from -€8,938 to €218,032
- Taxes +€8,288
new in 2025: €8,288
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 | €1,863,420 | €2,527,373 | +€663,953 | +35.6% |
| Fixed assets | 21/28 | €1,824,196 | €2,516,695 | +€692,499 | +38.0% |
| Tangible fixed assets | 22/27 | €1,824,196 | €2,516,695 | +€692,499 | +38.0% |
| Land and buildings | 22 | - | €0 | = | |
| Leasing and similar rights | 25 | - | €310,976 | +€310,976 | |
| Assets under construction and advance payments | 27 | €1,824,196 | €2,205,719 | +€381,523 | +20.9% |
| Current assets | 29/58 | €39,224 | €10,678 | -€28,546 | -72.8% |
| Amounts receivable within one year | 40/41 | €38,104 | €1,862 | -€36,243 | -95.1% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €38,104 | €1,862 | -€36,243 | -95.1% |
| Cash at bank and in hand | 54/58 | €1,120 | €6,668 | +€5,548 | +495.3% |
| Deferred charges and accrued income | 490/1 | - | €2,148 | +€2,148 | |
| Total equity and liabilities | 10/49 | €1,863,420 | €2,527,373 | +€663,953 | +35.6% |
| Equity | 10/15 | -€78,403 | €115,756 | +€194,159 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,403 | €15,756 | +€194,159 | |
| Amounts payable | 17/49 | €1,941,824 | €2,411,617 | +€469,793 | +24.2% |
| Amounts payable after more than one year | 17 | €672,619 | €849,479 | +€176,860 | +26.3% |
| Financial debts | 170/4 | €672,619 | €849,479 | +€176,860 | +26.3% |
| Amounts payable within one year | 42/48 | €1,269,205 | €1,561,234 | +€292,029 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €77,381 | €136,578 | +€59,197 | +76.5% |
| Trade debts | 44 | €27,600 | €121,136 | +€93,537 | +338.9% |
| Suppliers | 440/4 | €27,600 | €121,136 | +€93,537 | +338.9% |
| Taxes, remuneration and social security | 45 | - | €8,288 | +€8,288 | |
| Taxes | 450/3 | - | €8,288 | +€8,288 | |
| Other amounts payable | 47/48 | €1,164,224 | €1,295,232 | +€131,008 | +11.3% |
| Accrued charges and deferred income | 492/3 | - | €905 | +€905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,369 | +€1,369 | |
| Other operating charges | 640/8 | €812 | €837 | +€25 | +3.1% |
| Gross operating margin | 9900 | -€8,938 | €218,032 | +€226,970 | |
| Operating profit (loss) | 9901 | -€9,750 | €215,826 | +€225,575 | |
| Financial charges | 65/66B | €12,893 | €13,379 | +€485 | +3.8% |
| Recurring financial charges | 65 | €12,893 | €13,379 | +€485 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,643 | €202,447 | +€225,090 | |
| Income taxes | 67/77 | - | €8,288 | +€8,288 | |
| Profit (loss) for the period | 9904 | -€22,643 | €194,159 | +€216,802 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,643 | €194,159 | +€216,802 |
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 5 October 2026 via checked.be.