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 +€8,005
up €8,005 (+355.8%), from €2,250 to €10,255
of which Plant, machinery and equipment: +€8,371
- Receivables within one year -€7,061
down €7,061 (-63.8%), from €11,076 to €4,014
of which Trade receivables: -€7,425
- Cash +€4,570
up €4,570 (+20202.3%), from €23 to €4,592
mainly Receivables within one year (+€7,061) and Net result for the year (+€4,622)
- Reserves +€4,622
new in 2025: €4,622
- Tax, wage and social debts +€2,699
up €2,699 (+273.1%), from €988 to €3,687
- Other debts -€1,084
down €1,084 (-98.9%), from €1,097 to €13
- Trade debts -€723
down €723 (-83.6%), from €865 to €142
- Gross operating margin +€6,541
up €6,541 (+179.5%), from €3,644 to €10,185
- Taxes +€1,511
up €1,511 (+127.2%), from €1,188 to €2,699
- Depreciation +€777
up €777 (+60.1%), from €1,293 to €2,070
- Financial charges +€105
up €105 (+236.6%), from €44 to €149
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 | €13,348 | €18,862 | +€5,514 | +41.3% |
| Fixed assets | 21/28 | €2,250 | €10,255 | +€8,005 | +355.8% |
| Tangible fixed assets | 22/27 | €2,250 | €10,255 | +€8,005 | +355.8% |
| Plant, machinery and equipment | 23 | - | €8,371 | +€8,371 | |
| Furniture and vehicles | 24 | €2,250 | €1,884 | -€366 | -16.3% |
| Current assets | 29/58 | €11,098 | €8,607 | -€2,491 | -22.4% |
| Amounts receivable within one year | 40/41 | €11,076 | €4,014 | -€7,061 | -63.8% |
| Trade receivables | 40 | €10,675 | €3,250 | -€7,425 | -69.6% |
| Other amounts receivable | 41 | €401 | €764 | +€364 | +90.8% |
| Cash at bank and in hand | 54/58 | €23 | €4,592 | +€4,570 | +20202.3% |
| Total equity and liabilities | 10/49 | €13,348 | €18,862 | +€5,514 | +41.3% |
| Equity | 10/15 | €10,399 | €15,021 | +€4,622 | +44.4% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | - | €4,622 | +€4,622 | |
| Distributable reserves | 133 | - | €4,622 | +€4,622 | |
| Profit (loss) carried forward | 14 | €2,399 | €2,399 | = | 0.0% |
| Amounts payable | 17/49 | €2,949 | €3,841 | +€892 | +30.2% |
| Amounts payable within one year | 42/48 | €2,949 | €3,841 | +€892 | +30.2% |
| Trade debts | 44 | €865 | €142 | -€723 | -83.6% |
| Suppliers | 440/4 | €865 | €142 | -€723 | -83.6% |
| Taxes, remuneration and social security | 45 | €988 | €3,687 | +€2,699 | +273.1% |
| Taxes | 450/3 | €988 | €3,687 | +€2,699 | +273.1% |
| Other amounts payable | 47/48 | €1,097 | €13 | -€1,084 | -98.9% |
| Non-recurring operating income | 76A | €2,075 | - | -€2,075 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,293 | €2,070 | +€777 | +60.1% |
| Other operating charges | 640/8 | €686 | €645 | -€42 | -6.1% |
| Gross operating margin | 9900 | €3,644 | €10,185 | +€6,541 | +179.5% |
| Operating profit (loss) | 9901 | €1,664 | €7,470 | +€5,806 | +348.9% |
| Financial charges | 65/66B | €44 | €149 | +€105 | +236.6% |
| Recurring financial charges | 65 | €44 | €149 | +€105 | +236.6% |
| Profit (loss) for the period before taxes | 9903 | €1,620 | €7,321 | +€5,701 | +352.0% |
| Income taxes | 67/77 | €1,188 | €2,699 | +€1,511 | +127.2% |
| Profit (loss) for the period | 9904 | €432 | €4,622 | +€4,190 | +969.6% |
| Profit (loss) for the period to be appropriated | 9905 | €432 | €4,622 | +€4,190 | +969.6% |
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 6 October 2026 via checked.be.