CLN: 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.
CLN
Largest movements
- Tangible fixed assets -€14,378
down €14,378 (-3.1%), from €463,956 to €449,578
of which Plant, machinery and equipment: -€16,056
- Current portion of long-term debt -€43,874
down €43,874 (-69.4%), from €63,263 to €19,388
- Debts after one year +€28,757
up €28,757 (+13.3%), from €215,883 to €244,640
of which Financial debts: +€25,112
- Profit (loss) carried forward +€10,766
up €10,766 (+41.0%), from €26,283 to €37,049
- Other debts -€5,685
down €5,685 (-7.2%), from €79,446 to €73,761
- Gross operating margin +€14,861
up €14,861 (+43.7%), from €34,030 to €48,891
- Other operating charges +€14,444
new in 2025: €14,444
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 | €464,833 | €454,651 | -€10,182 | -2.2% |
| Fixed assets | 21/28 | €463,956 | €449,578 | -€14,378 | -3.1% |
| Tangible fixed assets | 22/27 | €463,956 | €449,578 | -€14,378 | -3.1% |
| Land and buildings | 22 | €447,481 | €449,160 | +€1,678 | +0.4% |
| Plant, machinery and equipment | 23 | €16,474 | €418 | -€16,056 | -97.5% |
| Current assets | 29/58 | €878 | €5,074 | +€4,196 | +478.2% |
| Amounts receivable within one year | 40/41 | - | €7 | +€7 | |
| Trade receivables | 40 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €878 | €3,703 | +€2,825 | +322.0% |
| Deferred charges and accrued income | 490/1 | - | €1,364 | +€1,364 | |
| Total equity and liabilities | 10/49 | €464,833 | €454,651 | -€10,182 | -2.2% |
| Equity | 10/15 | €103,283 | €114,049 | +€10,766 | +10.4% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,283 | €37,049 | +€10,766 | +41.0% |
| Amounts payable | 17/49 | €361,550 | €340,602 | -€20,949 | -5.8% |
| Amounts payable after more than one year | 17 | €215,883 | €244,640 | +€28,757 | +13.3% |
| Financial debts | 170/4 | €215,883 | €240,995 | +€25,112 | +11.6% |
| Other amounts payable | 178/9 | - | €3,645 | +€3,645 | |
| Amounts payable within one year | 42/48 | €145,667 | €95,894 | -€49,773 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €63,263 | €19,388 | -€43,874 | -69.4% |
| Trade debts | 44 | €26 | €195 | +€169 | +649.6% |
| Suppliers | 440/4 | €26 | €195 | +€169 | +649.6% |
| Taxes, remuneration and social security | 45 | €2,933 | €2,550 | -€383 | -13.1% |
| Taxes | 450/3 | €2,933 | €2,550 | -€383 | -13.1% |
| Other amounts payable | 47/48 | €79,446 | €73,761 | -€5,685 | -7.2% |
| Accrued charges and deferred income | 492/3 | - | €68 | +€68 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,351 | €18,111 | -€240 | -1.3% |
| Other operating charges | 640/8 | - | €14,444 | +€14,444 | |
| Gross operating margin | 9900 | €34,030 | €48,891 | +€14,861 | +43.7% |
| Operating profit (loss) | 9901 | €15,679 | €16,336 | +€658 | +4.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €3,660 | €3,177 | -€483 | -13.2% |
| Recurring financial charges | 65 | €3,660 | €3,177 | -€483 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €12,018 | €13,161 | +€1,142 | +9.5% |
| Income taxes | 67/77 | €3,237 | €3,486 | +€248 | +7.7% |
| Profit (loss) for the period | 9904 | €8,781 | €9,675 | +€894 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,781 | €9,675 | +€894 | +10.2% |
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 3 October 2026 via checked.be.