CLE DES ARDENNES: what changed
CLE DES ARDENNES
Largest movements
- Stocks and contracts -€108,712
down €108,712 (-16.3%), from €668,367 to €559,655
- Current investments -€7,420
no longer reported in 2025 (was €7,420)
- Debts after one year -€170,000
down €170,000 (-22.7%), from €748,318 to €578,318
- Profit (loss) carried forward +€34,331
up €34,331 (+22.5%), from -€152,846 to -€118,515
- Trade debts +€21,538
up €21,538 (+32,782%), from €66 to €21,603
- Gross operating margin +€63,779
up €63,779, from -€453 to €63,326
- Financial charges -€4,264
down €4,264 (-12.8%), from €33,259 to €28,995
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €676,018 | €564,524 | -€111,494 | -16.5% |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | €676,018 | €564,524 | -€111,494 | -16.5% |
| Stocks and contracts in progress | 3 | €668,367 | €559,655 | -€108,712 | -16.3% |
| Stocks | 30/36 | €668,367 | €559,655 | -€108,712 | -16.3% |
| Amounts receivable within one year | 40/41 | €231 | - | -€231 | |
| Trade receivables | 40 | €231 | - | -€231 | |
| Current investments | 50/53 | €7,420 | - | -€7,420 | |
| Cash at bank and in hand | 54/58 | - | €4,869 | +€4,869 | |
| Total equity and liabilities | 10/49 | €676,018 | €564,524 | -€111,494 | -16.5% |
| Equity | 10/15 | -€92,846 | -€58,515 | +€34,331 | +37.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,846 | -€118,515 | +€34,331 | +22.5% |
| Amounts payable | 17/49 | €768,865 | €623,040 | -€145,825 | -19.0% |
| Amounts payable after more than one year | 17 | €748,318 | €578,318 | -€170,000 | -22.7% |
| Other amounts payable | 178/9 | €748,318 | €578,318 | -€170,000 | -22.7% |
| Amounts payable within one year | 42/48 | €66 | €21,603 | +€21,538 | +32,782% |
| Trade debts | 44 | €66 | €21,603 | +€21,538 | +32,782% |
| Suppliers | 440/4 | €66 | €21,603 | +€21,538 | +32,782% |
| Accrued charges and deferred income | 492/3 | €20,481 | €23,119 | +€2,638 | +12.9% |
| Gross operating margin | 9900 | -€453 | €63,326 | +€63,779 | |
| Operating profit (loss) | 9901 | -€453 | €63,326 | +€63,779 | |
| Financial charges | 65/66B | €33,259 | €28,995 | -€4,264 | -12.8% |
| Recurring financial charges | 65 | €33,259 | €28,995 | -€4,264 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,712 | €34,331 | +€68,042 | |
| Profit (loss) for the period | 9904 | -€33,712 | €34,331 | +€68,042 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,712 | €34,331 | +€68,042 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.