CLD: 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.
CLD
Largest movements
- Tangible fixed assets +€9,043
up €9,043 (+22.5%), from €40,232 to €49,275
of which Plant, machinery and equipment: +€14,969
- Receivables within one year -€1,113
down €1,113 (-28.4%), from €3,922 to €2,810
of which Other amounts receivable: -€1,107
- Current investments +€969
up €969 (+10.9%), from €8,909 to €9,878
- Profit (loss) carried forward +€8,965
up €8,965 (+3.2%), from -€284,321 to -€275,356
- Gross operating margin -€2,583
down €2,583 (-8.2%), from €31,675 to €29,091
- Depreciation +€2,404
up €2,404 (+31.4%), from €7,659 to €10,063
- Financial charges +€1,637
up €1,637 (+3164.2%), from €52 to €1,689
of which Non-recurring financial charges: +€1,583
- Taxes -€1,264
down €1,264 (-29.7%), from €4,253 to €2,988
- Other operating charges +€417
up €417 (+8.3%), from €5,018 to €5,435
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 | €53,741 | €62,656 | +€8,915 | +16.6% |
| Fixed assets | 21/28 | €40,351 | €49,394 | +€9,043 | +22.4% |
| Tangible fixed assets | 22/27 | €40,232 | €49,275 | +€9,043 | +22.5% |
| Land and buildings | 22 | €24,619 | €18,693 | -€5,926 | -24.1% |
| Plant, machinery and equipment | 23 | €15,613 | €30,582 | +€14,969 | +95.9% |
| Financial fixed assets | 28 | €119 | €119 | = | 0.0% |
| Current assets | 29/58 | €13,390 | €13,262 | -€128 | -1.0% |
| Amounts receivable within one year | 40/41 | €3,922 | €2,810 | -€1,113 | -28.4% |
| Trade receivables | 40 | €5 | €0 | -€5 | -100.0% |
| Other amounts receivable | 41 | €3,917 | €2,810 | -€1,107 | -28.3% |
| Current investments | 50/53 | €8,909 | €9,878 | +€969 | +10.9% |
| Cash at bank and in hand | 54/58 | €23 | €26 | +€3 | +12.0% |
| Deferred charges and accrued income | 490/1 | €536 | €549 | +€13 | +2.4% |
| Total equity and liabilities | 10/49 | €53,741 | €62,656 | +€8,915 | +16.6% |
| Equity | 10/15 | -€18,122 | -€9,156 | +€8,965 | +49.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €166,200 | €166,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€284,321 | -€275,356 | +€8,965 | +3.2% |
| Amounts payable | 17/49 | €71,862 | €71,812 | -€50 | -0.1% |
| Amounts payable after more than one year | 17 | €4,020 | €4,020 | = | 0.0% |
| Other amounts payable | 178/9 | €4,020 | €4,020 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,842 | €67,792 | -€50 | -0.1% |
| Financial debts | 43 | €50 | €0 | -€50 | -100.0% |
| Other loans | 439 | €50 | €0 | -€50 | -100.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €555 | €555 | = | 0.0% |
| Taxes | 450/3 | €555 | €555 | = | 0.0% |
| Other amounts payable | 47/48 | €67,238 | €67,238 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,659 | €10,063 | +€2,404 | +31.4% |
| Other operating charges | 640/8 | €5,018 | €5,435 | +€417 | +8.3% |
| Gross operating margin | 9900 | €31,675 | €29,091 | -€2,583 | -8.2% |
| Operating profit (loss) | 9901 | €18,997 | €13,593 | -€5,404 | -28.4% |
| Financial income | 75/76B | €120 | €50 | -€70 | -58.6% |
| Recurring financial income | 75 | €120 | €50 | -€70 | -58.6% |
| Financial charges | 65/66B | €52 | €1,689 | +€1,637 | +3164.2% |
| Recurring financial charges | 65 | €52 | €106 | +€54 | +104.7% |
| Non-recurring financial charges | 66B | - | €1,583 | +€1,583 | |
| Profit (loss) for the period before taxes | 9903 | €19,065 | €11,954 | -€7,112 | -37.3% |
| Income taxes | 67/77 | €4,253 | €2,988 | -€1,264 | -29.7% |
| Profit (loss) for the period | 9904 | €14,812 | €8,965 | -€5,847 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,812 | €8,965 | -€5,847 | -39.5% |
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 2 October 2026 via checked.be.