CLdN: 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.
What changed
CLdN
NACE 50.200, Water transport
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€709,806
2024 · €183.9m-€183.2m
Equity
€45.1m
2024 · €44.4m+€709,806
Cash
€1.2m
2024 · €394,681+€783,828
Balance sheet total
€46.6m
2024 · €46.0m+€642,305
Largest movements
Assets
- Tangible fixed assets -€1.4m
down €1.4m (-58.0%), from €2.4m to €1.0m
of which Furniture and vehicles: -€1.4m
- Receivables within one year +€1.2m
up €1.2m (+2.9%), from €43.2m to €44.4m
of which Other amounts receivable: +€1.2m
- Cash +€783,828
up €783,828 (+198.6%), from €394,681 to €1.2m
mainly Depreciation (+€1.4m) and Net result for the year (+€709,806)
Equity and liabilities
- Profit (loss) carried forward +€709,806
up €709,806 (+144.7%), from €490,637 to €1.2m
Income statement
- Financial income -€183.5m
down €183.5m (-99.4%), from €184.6m to €1.0m
of which Financial income: -€119.5m
- Taxes -€226,690
down €226,690 (-45.0%), from €503,812 to €277,122
of which Taxes: -€226,712
- Financial charges -€56,740
down €56,740 (-61.3%), from €92,599 to €35,859
- Turnover -€22,956
down €22,956 (-1.6%), from €1.4m to €1.4m
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.
Result 2024
€183.9m
Turnover
-€22,956
Other operating income
-€52
Services and other goods
-€9,487
Depreciation
+€8,822
Other operating charges
+€503
Other operating items
+€13,040
Financial income
-€183.5m
Financial charges
+€56,740
Taxes
+€226,690
Result 2025
€709,806
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.
From operations
+€770,784
Investment
+€13,044
Financing
€0
Cash 2024
€394,681
From operations (derived)
+€770,784
Net result for the year
+€709,806
Depreciation
+€1.4m
Receivables within one year
-€1.2m
Trade debts
-€40,688
Tax, wage and social debts
-€1,843
Accrued charges and deferred income
-€24,971
Investment (derived)
+€13,044
Investment in fixed assets (net)
+€13,044
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,971,597 | €46,613,902 | +€642,305 | +1.4% |
| Fixed assets | 21/28 | €2,396,961 | €1,015,911 | -€1.4m | -57.6% |
| Tangible fixed assets | 22/27 | €2,382,860 | €1,001,821 | -€1.4m | -58.0% |
| Furniture and vehicles | 24 | €2,086,986 | €705,946 | -€1.4m | -66.2% |
| Other tangible fixed assets | 26 | €295,874 | €295,874 | = | 0.0% |
| Financial fixed assets | 28 | €14,100 | €14,090 | -€11 | -0.1% |
| Affiliated companies | 280/1 | €11,851 | €11,851 | = | 0.0% |
| Participating interests | 280 | €11,851 | €11,851 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,250 | €2,239 | -€11 | -0.5% |
| Shares | 284 | €2,239 | €2,239 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €11 | - | -€11 | |
| Current assets | 29/58 | €43,574,636 | €45,597,991 | +€2.0m | +4.6% |
| Amounts receivable within one year | 40/41 | €43,179,955 | €44,419,482 | +€1.2m | +2.9% |
| Trade receivables | 40 | €6,520 | - | -€6,520 | |
| Other amounts receivable | 41 | €43,173,435 | €44,419,482 | +€1.2m | +2.9% |
| Cash at bank and in hand | 54/58 | €394,681 | €1,178,509 | +€783,828 | +198.6% |
| Total equity and liabilities | 10/49 | €45,971,597 | €46,613,902 | +€642,305 | +1.4% |
| Equity | 10/15 | €44,376,552 | €45,086,357 | +€709,806 | +1.6% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €43,085,915 | €43,085,915 | = | 0.0% |
| Non-distributable reserves | 130/1 | €314,259 | €314,259 | = | 0.0% |
| Legal reserve | 130 | €80,000 | €80,000 | = | 0.0% |
| Other | 1319 | €234,259 | €234,259 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,771,655 | €42,771,655 | = | 0.0% |
| Profit (loss) carried forward | 14 | €490,637 | €1,200,443 | +€709,806 | +144.7% |
| Amounts payable | 17/49 | €1,595,045 | €1,527,544 | -€67,501 | -4.2% |
| Amounts payable within one year | 42/48 | €1,550,137 | €1,507,606 | -€42,530 | -2.7% |
| Trade debts | 44 | €1,548,294 | €1,507,606 | -€40,688 | -2.6% |
| Suppliers | 440/4 | €1,548,294 | €1,507,606 | -€40,688 | -2.6% |
| Taxes, remuneration and social security | 45 | €1,843 | - | -€1,843 | |
| Remuneration and social security | 454/9 | €1,843 | - | -€1,843 | |
| Accrued charges and deferred income | 492/3 | €44,909 | €19,938 | -€24,971 | -55.6% |
| Operating income | 70/76A | €1,463,464 | €1,440,252 | -€23,211 | -1.6% |
| Turnover | 70 | €1,438,025 | €1,415,069 | -€22,956 | -1.6% |
| Other operating income | 74 | €67 | €15 | -€52 | -77.6% |
| Non-recurring operating income | 76A | €25,372 | €25,168 | -€204 | -0.8% |
| Operating charges | 60/66A | €1,471,127 | €1,458,045 | -€13,082 | -0.9% |
| Services and other goods | 61 | €75,576 | €85,063 | +€9,487 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,376,828 | €1,368,006 | -€8,822 | -0.6% |
| Other operating charges | 640/8 | €631 | €128 | -€503 | -79.7% |
| Non-recurring operating charges | 66A | €18,091 | €4,847 | -€13,244 | -73.2% |
| Operating profit (loss) | 9901 | -€7,663 | -€17,792 | -€10,130 | -132.2% |
| Financial income | 75/76B | €184,551,115 | €1,040,579 | -€183.5m | -99.4% |
| Recurring financial income | 75 | €120,570,493 | €1,040,579 | -€119.5m | -99.1% |
| Income from financial fixed assets | 750 | €118,430,000 | - | -€118.4m | |
| Income from current assets | 751 | €2,140,476 | €1,040,579 | -€1.1m | -51.4% |
| Other financial income | 752/9 | €18 | €0 | -€17 | -99.4% |
| Non-recurring financial income | 76B | €63,980,622 | - | -€64.0m | |
| Financial charges | 65/66B | €92,599 | €35,859 | -€56,740 | -61.3% |
| Recurring financial charges | 65 | €92,599 | €35,859 | -€56,740 | -61.3% |
| Debt charges | 650 | €86,765 | €33,427 | -€53,338 | -61.5% |
| Other financial charges | 652/9 | €5,834 | €2,432 | -€3,402 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €184,450,853 | €986,928 | -€183.5m | -99.5% |
| Income taxes | 67/77 | €503,812 | €277,122 | -€226,690 | -45.0% |
| Taxes | 670/3 | €503,834 | €277,122 | -€226,712 | -45.0% |
| Tax adjustments and reversals of tax provisions | 77 | €21 | - | -€21 | |
| Profit (loss) for the period | 9904 | €183,947,041 | €709,806 | -€183.2m | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €183,947,041 | €709,806 | -€183.2m | -99.6% |
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 10 October 2026 via checked.be.