CLD Studio: 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 Studio
Largest movements
- Cash -€17,548
down €17,548 (-96.7%), from €18,146 to €598
mainly Deferred charges and accrued income (-€9,023) and Investment in fixed assets (net) (-€7,457)
- Deferred charges and accrued income +€9,023
new in 2025: €9,023
- Receivables within one year +€7,027
up €7,027 (+94.0%), from €7,476 to €14,504
of which Trade receivables: +€6,595
- Tangible fixed assets +€4,349
new in 2025: €4,349
of which Furniture and vehicles: +€3,849
- Profit (loss) carried forward +€5,169
up €5,169 (+40.7%), from €12,705 to €17,874
- Trade debts +€3,642
new in 2025: €3,642
- Tax, wage and social debts -€3,344
down €3,344 (-54.3%), from €6,153 to €2,809
- Other debts -€2,617
down €2,617 (-94.6%), from €2,765 to €148
- Gross operating margin -€7,150
down €7,150 (-41.1%), from €17,383 to €10,232
- Depreciation +€3,107
new in 2025: €3,107
- Taxes -€2,594
down €2,594 (-61.1%), from €4,243 to €1,649
- Other operating charges -€391
down €391 (-88.1%), from €444 to €53
- Financial charges +€253
up €253 (+20713.1%), from €1 to €254
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 | €25,623 | €28,474 | +€2,852 | +11.1% |
| Fixed assets | 21/28 | - | €4,349 | +€4,349 | |
| Tangible fixed assets | 22/27 | - | €4,349 | +€4,349 | |
| Plant, machinery and equipment | 23 | - | €500 | +€500 | |
| Furniture and vehicles | 24 | - | €3,849 | +€3,849 | |
| Current assets | 29/58 | €25,623 | €24,125 | -€1,498 | -5.8% |
| Amounts receivable within one year | 40/41 | €7,476 | €14,504 | +€7,027 | +94.0% |
| Trade receivables | 40 | €7,476 | €14,071 | +€6,595 | +88.2% |
| Other amounts receivable | 41 | - | €433 | +€433 | |
| Cash at bank and in hand | 54/58 | €18,146 | €598 | -€17,548 | -96.7% |
| Deferred charges and accrued income | 490/1 | - | €9,023 | +€9,023 | |
| Total equity and liabilities | 10/49 | €25,623 | €28,474 | +€2,852 | +11.1% |
| Equity | 10/15 | €16,705 | €21,874 | +€5,169 | +30.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,705 | €17,874 | +€5,169 | +40.7% |
| Amounts payable | 17/49 | €8,918 | €6,600 | -€2,318 | -26.0% |
| Amounts payable within one year | 42/48 | €8,918 | €6,600 | -€2,318 | -26.0% |
| Trade debts | 44 | - | €3,642 | +€3,642 | |
| Suppliers | 440/4 | - | €3,642 | +€3,642 | |
| Taxes, remuneration and social security | 45 | €6,153 | €2,809 | -€3,344 | -54.3% |
| Taxes | 450/3 | €6,153 | €2,809 | -€3,344 | -54.3% |
| Other amounts payable | 47/48 | €2,765 | €148 | -€2,617 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,107 | +€3,107 | |
| Other operating charges | 640/8 | €444 | €53 | -€391 | -88.1% |
| Gross operating margin | 9900 | €17,383 | €10,232 | -€7,150 | -41.1% |
| Operating profit (loss) | 9901 | €16,938 | €7,072 | -€9,866 | -58.2% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.9% |
| Financial charges | 65/66B | €1 | €254 | +€253 | +20713.1% |
| Recurring financial charges | 65 | €1 | €254 | +€253 | +20713.1% |
| Profit (loss) for the period before taxes | 9903 | €16,947 | €6,818 | -€10,129 | -59.8% |
| Income taxes | 67/77 | €4,243 | €1,649 | -€2,594 | -61.1% |
| Profit (loss) for the period | 9904 | €12,705 | €5,169 | -€7,535 | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,705 | €5,169 | -€7,535 | -59.3% |
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.