CLF: 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.
CLF
Largest movements
- Tangible fixed assets +€96,558
up €96,558 (+1197.5%), from €8,063 to €104,621
of which Furniture and vehicles: +€98,228
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€47,949
up €47,949 (+127.8%), from €37,509 to €85,458
mainly Other debts (+€50,251) and Current investments (+€50,000)
- Receivables within one year +€4,053
up €4,053 (+61.0%), from €6,649 to €10,702
of which Trade receivables: +€5,250
- Other debts +€50,251
up €50,251 (+900.6%), from €5,580 to €55,831
- Debts after one year +€48,123
new in 2025: €48,123
- Reserves -€23,597
down €23,597 (-26.2%), from €90,095 to €66,497
- Current portion of long-term debt +€15,597
new in 2025: €15,597
- Tax, wage and social debts +€8,884
new in 2025: €8,884
- Gross operating margin +€21,478
up €21,478 (+63.0%), from €34,078 to €55,556
- Taxes +€6,585
up €6,585 (+77.7%), from €8,470 to €15,054
- Depreciation +€3,862
up €3,862 (+212.6%), from €1,816 to €5,678
- Financial income +€1,329
up €1,329 (+335.3%), from €396 to €1,725
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 | €102,221 | €200,781 | +€98,560 | +96.4% |
| Fixed assets | 21/28 | €8,063 | €104,621 | +€96,558 | +1197.5% |
| Tangible fixed assets | 22/27 | €8,063 | €104,621 | +€96,558 | +1197.5% |
| Plant, machinery and equipment | 23 | €5,209 | €3,539 | -€1,670 | -32.1% |
| Furniture and vehicles | 24 | €2,854 | €101,082 | +€98,228 | +3441.7% |
| Current assets | 29/58 | €94,158 | €96,160 | +€2,002 | +2.1% |
| Amounts receivable within one year | 40/41 | €6,649 | €10,702 | +€4,053 | +61.0% |
| Trade receivables | 40 | - | €5,250 | +€5,250 | |
| Other amounts receivable | 41 | €6,649 | €5,452 | -€1,197 | -18.0% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €37,509 | €85,458 | +€47,949 | +127.8% |
| Total equity and liabilities | 10/49 | €102,221 | €200,781 | +€98,560 | +96.4% |
| Equity | 10/15 | €93,095 | €69,497 | -€23,597 | -25.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €90,095 | €66,497 | -€23,597 | -26.2% |
| Distributable reserves | 133 | €90,095 | €66,497 | -€23,597 | -26.2% |
| Amounts payable | 17/49 | €9,127 | €131,284 | +€122,157 | +1338.4% |
| Amounts payable after more than one year | 17 | - | €48,123 | +€48,123 | |
| Financial debts | 170/4 | - | €48,123 | +€48,123 | |
| Amounts payable within one year | 42/48 | €9,127 | €83,161 | +€74,034 | +811.2% |
| Current portion of amounts payable after more than one year | 42 | - | €15,597 | +€15,597 | |
| Trade debts | 44 | €3,547 | €2,849 | -€698 | -19.7% |
| Suppliers | 440/4 | €3,547 | €2,849 | -€698 | -19.7% |
| Taxes, remuneration and social security | 45 | - | €8,884 | +€8,884 | |
| Taxes | 450/3 | - | €8,884 | +€8,884 | |
| Other amounts payable | 47/48 | €5,580 | €55,831 | +€50,251 | +900.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,816 | €5,678 | +€3,862 | +212.6% |
| Other operating charges | 640/8 | €528 | €513 | -€15 | -2.8% |
| Gross operating margin | 9900 | €34,078 | €55,556 | +€21,478 | +63.0% |
| Operating profit (loss) | 9901 | €31,734 | €49,364 | +€17,630 | +55.6% |
| Financial income | 75/76B | €396 | €1,725 | +€1,329 | +335.3% |
| Recurring financial income | 75 | €396 | €1,725 | +€1,329 | +335.3% |
| Financial charges | 65/66B | €63 | €406 | +€343 | +544.7% |
| Recurring financial charges | 65 | €63 | €406 | +€343 | +544.7% |
| Profit (loss) for the period before taxes | 9903 | €32,067 | €50,683 | +€18,616 | +58.1% |
| Income taxes | 67/77 | €8,470 | €15,054 | +€6,585 | +77.7% |
| Profit (loss) for the period | 9904 | €23,597 | €35,629 | +€12,031 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,597 | €35,629 | +€12,031 | +51.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.