CLF: 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.
CLF
Largest movements
- Tangible fixed assets -€16,883
down €16,883 (-38.4%), from €43,910 to €27,027
- Cash -€16,461
down €16,461 (-54.8%), from €30,037 to €13,576
mainly Contributions, distributions and other (-€68,000) and Current portion of long-term debt (-€36,989)
- Current portion of long-term debt -€36,989
down €36,989 (-83.6%), from €44,237 to €7,249
- Other debts +€23,000
up €23,000 (+3.8%), from €603,000 to €626,000
- Accrued charges and deferred income -€14,216
down €14,216 (-39.9%), from €35,636 to €21,420
- Financial income +€9,987
up €9,987 (+22.2%), from €44,940 to €54,927
- Taxes +€4,489
up €4,489 (+120.5%), from €3,724 to €8,213
- Financial charges +€1,824
up €1,824 (+8.3%), from €22,102 to €23,926
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 | €797,117 | €759,679 | -€37,438 | -4.7% |
| Fixed assets | 21/28 | €752,993 | €736,110 | -€16,883 | -2.2% |
| Tangible fixed assets | 22/27 | €43,910 | €27,027 | -€16,883 | -38.4% |
| Furniture and vehicles | 24 | €43,910 | €27,027 | -€16,883 | -38.4% |
| Financial fixed assets | 28 | €709,083 | €709,083 | = | 0.0% |
| Current assets | 29/58 | €44,124 | €23,568 | -€20,556 | -46.6% |
| Amounts receivable within one year | 40/41 | €8,534 | €4,422 | -€4,112 | -48.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €8,534 | €4,422 | -€4,112 | -48.2% |
| Cash at bank and in hand | 54/58 | €30,037 | €13,576 | -€16,461 | -54.8% |
| Deferred charges and accrued income | 490/1 | €5,552 | €5,570 | +€18 | +0.3% |
| Total equity and liabilities | 10/49 | €797,117 | €759,679 | -€37,438 | -4.7% |
| Equity | 10/15 | €84,130 | €80,350 | -€3,780 | -4.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €5,340 | €5,340 | = | 0.0% |
| Distributable reserves | 133 | €5,340 | €5,340 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,790 | €10 | -€3,780 | -99.7% |
| Amounts payable | 17/49 | €712,987 | €679,329 | -€33,659 | -4.7% |
| Amounts payable after more than one year | 17 | €7,249 | €0 | -€7,249 | -100.0% |
| Financial debts | 170/4 | €7,249 | €0 | -€7,249 | -100.0% |
| Amounts payable within one year | 42/48 | €670,103 | €657,909 | -€12,195 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €44,237 | €7,249 | -€36,989 | -83.6% |
| Trade debts | 44 | €2,657 | €4,391 | +€1,734 | +65.2% |
| Suppliers | 440/4 | €2,657 | €4,391 | +€1,734 | +65.2% |
| Taxes, remuneration and social security | 45 | €20,209 | €20,269 | +€61 | +0.3% |
| Taxes | 450/3 | €9,954 | €9,357 | -€597 | -6.0% |
| Remuneration and social security | 454/9 | €10,255 | €10,912 | +€657 | +6.4% |
| Other amounts payable | 47/48 | €603,000 | €626,000 | +€23,000 | +3.8% |
| Accrued charges and deferred income | 492/3 | €35,636 | €21,420 | -€14,216 | -39.9% |
| Remuneration, social security and pensions | 62 | €57,022 | €58,001 | +€979 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,724 | €16,883 | +€159 | +1.0% |
| Other operating charges | 640/8 | €1,385 | €1,569 | +€184 | +13.2% |
| Gross operating margin | 9900 | €117,179 | €117,885 | +€707 | +0.6% |
| Operating profit (loss) | 9901 | €42,047 | €41,432 | -€615 | -1.5% |
| Financial income | 75/76B | €44,940 | €54,927 | +€9,987 | +22.2% |
| Recurring financial income | 75 | €44,940 | €54,927 | +€9,987 | +22.2% |
| Financial charges | 65/66B | €22,102 | €23,926 | +€1,824 | +8.3% |
| Recurring financial charges | 65 | €22,102 | €23,926 | +€1,824 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €64,885 | €72,434 | +€7,549 | +11.6% |
| Income taxes | 67/77 | €3,724 | €8,213 | +€4,489 | +120.5% |
| Profit (loss) for the period | 9904 | €61,161 | €64,220 | +€3,059 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,161 | €64,220 | +€3,059 | +5.0% |
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.