CLH invest: what changed
What changed
CLH invest
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€12,703
2024 · €70,780-€58,076
Equity
€191,379
2024 · €178,676+€12,703
Cash
€3,256
2024 · €52,839-€49,583
Balance sheet total
€2.2m
2024 · €1.5m+€760,262
Largest movements
Assets
- Stocks and contracts +€1.0m
up €1.0m (+179%), from €561,000 to €1.6m
- Receivables within one year -€193,708
down €193,708 (-24.9%), from €778,299 to €584,591
of which Trade receivables: -€253,160
- Cash -€49,583
down €49,583 (-93.8%), from €52,839 to €3,256
mainly Stocks and contracts (-€1.0m) and Trade debts (-€154,961)
Equity and liabilities
- Short-term financial debts +€535,977
new in 2025: €535,977
- Other debts +€372,630
up €372,630 (+40.9%), from €911,271 to €1.3m
- Trade debts -€154,961
down €154,961 (-47.4%), from €326,953 to €171,992
Income statement
- Gross operating margin -€87,612
down €87,612 (-77.3%), from €113,398 to €25,786
- Taxes -€20,680
down €20,680 (-72.8%), from €28,403 to €7,724
- Financial charges +€9,626
up €9,626 (+374%), from €2,573 to €12,199
- Financial income +€9,248
up €9,248 (+386%), from €2,396 to €11,644
- Staff costs -€9,051
down €9,051 (-92.6%), from €9,771 to €720
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.
Result 2024
€70,780
Gross operating margin
-€87,612
Staff costs
+€9,051
Other operating charges
+€183
Financial income
+€9,248
Financial charges
-€9,626
Taxes
+€20,680
Result 2025
€12,703
raises the resultlowers the result
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.
From operations
-€581,810
Investment
-€3,750
Financing
+€535,977
Cash 2024
€52,839
From operations (derived)
-€581,810
Net result for the year
+€12,703
Depreciation
+€1,739
Stocks and contracts
-€1.0m
Receivables within one year
+€193,708
Smaller working-capital items
+€1,832
Trade debts
-€154,961
Tax, wage and social debts
-€7,236
Other debts
+€372,630
Investment (derived)
-€3,750
Investment in fixed assets (net)
-€3,750
Financing
+€535,977
Short-term financial debts
+€535,977
Cash 2025
€3,256
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,464,253 | €2,224,516 | +€760,262 | +51.9% |
| Fixed assets | 21/28 | €68,707 | €70,719 | +€2,011 | +2.9% |
| Tangible fixed assets | 22/27 | €6,207 | €4,469 | -€1,739 | -28.0% |
| Plant, machinery and equipment | 23 | €1,494 | €1,019 | -€476 | -31.8% |
| Furniture and vehicles | 24 | €4,713 | €3,450 | -€1,263 | -26.8% |
| Financial fixed assets | 28 | €62,500 | €66,250 | +€3,750 | +6.0% |
| Current assets | 29/58 | €1,395,546 | €2,153,797 | +€758,251 | +54.3% |
| Stocks and contracts in progress | 3 | €561,000 | €1,563,224 | +€1.0m | +179% |
| Stocks | 30/36 | €561,000 | €1,563,224 | +€1.0m | +179% |
| Amounts receivable within one year | 40/41 | €778,299 | €584,591 | -€193,708 | -24.9% |
| Trade receivables | 40 | €651,508 | €398,349 | -€253,160 | -38.9% |
| Other amounts receivable | 41 | €126,790 | €186,242 | +€59,452 | +46.9% |
| Cash at bank and in hand | 54/58 | €52,839 | €3,256 | -€49,583 | -93.8% |
| Deferred charges and accrued income | 490/1 | €3,409 | €2,727 | -€682 | -20.0% |
| Total equity and liabilities | 10/49 | €1,464,253 | €2,224,516 | +€760,262 | +51.9% |
| Equity | 10/15 | €178,676 | €191,379 | +€12,703 | +7.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €168,676 | €181,379 | +€12,703 | +7.5% |
| Distributable reserves | 133 | €168,676 | €181,379 | +€12,703 | +7.5% |
| Amounts payable | 17/49 | €1,285,578 | €2,033,137 | +€747,559 | +58.1% |
| Amounts payable within one year | 42/48 | €1,285,578 | €2,031,987 | +€746,409 | +58.1% |
| Financial debts | 43 | - | €535,977 | +€535,977 | |
| Credit institutions | 430/8 | - | €535,977 | +€535,977 | |
| Trade debts | 44 | €326,953 | €171,992 | -€154,961 | -47.4% |
| Suppliers | 440/4 | €326,953 | €171,992 | -€154,961 | -47.4% |
| Taxes, remuneration and social security | 45 | €47,354 | €40,118 | -€7,236 | -15.3% |
| Taxes | 450/3 | €47,354 | €40,118 | -€7,236 | -15.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €911,271 | €1,283,900 | +€372,630 | +40.9% |
| Accrued charges and deferred income | 492/3 | - | €1,150 | +€1,150 | |
| Remuneration, social security and pensions | 62 | €9,771 | €720 | -€9,051 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,739 | €1,739 | = | 0.0% |
| Other operating charges | 640/8 | €2,529 | €2,346 | -€183 | -7.3% |
| Gross operating margin | 9900 | €113,398 | €25,786 | -€87,612 | -77.3% |
| Operating profit (loss) | 9901 | €99,360 | €20,982 | -€78,378 | -78.9% |
| Financial income | 75/76B | €2,396 | €11,644 | +€9,248 | +386% |
| Recurring financial income | 75 | €2,396 | €11,644 | +€9,248 | +386% |
| Financial charges | 65/66B | €2,573 | €12,199 | +€9,626 | +374% |
| Recurring financial charges | 65 | €2,573 | €12,199 | +€9,626 | +374% |
| Profit (loss) for the period before taxes | 9903 | €99,183 | €20,427 | -€78,756 | -79.4% |
| Income taxes | 67/77 | €28,403 | €7,724 | -€20,680 | -72.8% |
| Profit (loss) for the period | 9904 | €70,780 | €12,703 | -€58,076 | -82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,780 | €12,703 | -€58,076 | -82.1% |
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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 7 November 2026 via checked.be.