CLEG: 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.
CLEG
Largest movements
- Receivables after one year +€130,842
new in 2025: €130,842
- Receivables within one year -€29,322
down €29,322 (-59.9%), from €48,935 to €19,613
- Tangible fixed assets -€17,318
down €17,318 (-19.7%), from €87,987 to €70,669
- Debts after one year +€42,937
new in 2025: €42,937
- Reserves +€40,000
up €40,000 (+21.6%), from €185,000 to €225,000
- Current portion of long-term debt +€19,657
new in 2025: €19,657
- Tax, wage and social debts -€14,982
down €14,982 (-42.9%), from €34,884 to €19,902
of which Taxes: -€14,982
- Other debts -€4,965
down €4,965 (-76.3%), from €6,504 to €1,539
- Gross operating margin +€30,942
up €30,942 (+27.6%), from €112,040 to €142,982
- Financial charges +€23,688
up €23,688 (+53.0%), from €44,716 to €68,404
- Depreciation +€17,159
up €17,159 (+1992.6%), from €861 to €18,020
- Taxes -€3,551
down €3,551 (-18.7%), from €18,994 to €15,443
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 | €231,878 | €316,471 | +€84,593 | +36.5% |
| Fixed assets | 21/28 | €87,987 | €70,669 | -€17,318 | -19.7% |
| Tangible fixed assets | 22/27 | €87,987 | €70,669 | -€17,318 | -19.7% |
| Furniture and vehicles | 24 | €87,987 | €70,669 | -€17,318 | -19.7% |
| Current assets | 29/58 | €143,891 | €245,801 | +€101,911 | +70.8% |
| Amounts receivable after more than one year | 29 | - | €130,842 | +€130,842 | |
| Other amounts receivable | 291 | - | €130,842 | +€130,842 | |
| Amounts receivable within one year | 40/41 | €48,935 | €19,613 | -€29,322 | -59.9% |
| Trade receivables | 40 | €48,935 | €19,613 | -€29,322 | -59.9% |
| Cash at bank and in hand | 54/58 | €93,860 | €94,329 | +€469 | +0.5% |
| Deferred charges and accrued income | 490/1 | €1,095 | €1,018 | -€77 | -7.1% |
| Total equity and liabilities | 10/49 | €231,878 | €316,471 | +€84,593 | +36.5% |
| Equity | 10/15 | €190,321 | €231,716 | +€41,395 | +21.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €185,000 | €225,000 | +€40,000 | +21.6% |
| Distributable reserves | 133 | €185,000 | €225,000 | +€40,000 | +21.6% |
| Profit (loss) carried forward | 14 | €3,821 | €5,216 | +€1,395 | +36.5% |
| Amounts payable | 17/49 | €41,557 | €84,755 | +€43,198 | +103.9% |
| Amounts payable after more than one year | 17 | - | €42,937 | +€42,937 | |
| Financial debts | 170/4 | - | €42,937 | +€42,937 | |
| Amounts payable within one year | 42/48 | €41,557 | €41,818 | +€261 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | - | €19,657 | +€19,657 | |
| Trade debts | 44 | €170 | €720 | +€551 | +324.6% |
| Suppliers | 440/4 | €170 | €720 | +€551 | +324.6% |
| Taxes, remuneration and social security | 45 | €34,884 | €19,902 | -€14,982 | -42.9% |
| Taxes | 450/3 | €31,206 | €16,224 | -€14,982 | -48.0% |
| Remuneration and social security | 454/9 | €3,678 | €3,678 | = | 0.0% |
| Other amounts payable | 47/48 | €6,504 | €1,539 | -€4,965 | -76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €861 | €18,020 | +€17,159 | +1992.6% |
| Other operating charges | 640/8 | €487 | €562 | +€75 | +15.4% |
| Gross operating margin | 9900 | €112,040 | €142,982 | +€30,942 | +27.6% |
| Operating profit (loss) | 9901 | €110,693 | €124,401 | +€13,708 | +12.4% |
| Financial income | 75/76B | - | €842 | +€842 | |
| Recurring financial income | 75 | - | €842 | +€842 | |
| Financial charges | 65/66B | €44,716 | €68,404 | +€23,688 | +53.0% |
| Recurring financial charges | 65 | €44,716 | €68,404 | +€23,688 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €65,976 | €56,838 | -€9,138 | -13.9% |
| Income taxes | 67/77 | €18,994 | €15,443 | -€3,551 | -18.7% |
| Profit (loss) for the period | 9904 | €46,982 | €41,395 | -€5,587 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,982 | €41,395 | -€5,587 | -11.9% |
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 7 October 2026 via checked.be.