CLN RACKING: 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.
CLN RACKING
Largest movements
- Stocks and contracts +€510,994
new in 2025: €510,994
of which Contracts in progress: +€273,703
- Receivables within one year +€288,385
up €288,385 (+126.5%), from €227,962 to €516,347
of which Other amounts receivable: +€165,998
- Cash +€247,131
up €247,131 (+123.0%), from €200,985 to €448,117
mainly Advances received (+€475,144) and Other debts (+€349,277)
- Receivables after one year -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets +€45,016
up €45,016 (+115.4%), from €39,018 to €84,034
of which Furniture and vehicles: +€45,217
- Advances received +€475,144
new in 2025: €475,144
- Other debts +€349,277
up €349,277 (+72527.4%), from €482 to €349,759
- Trade debts +€207,053
up €207,053 (+786.1%), from €26,339 to €233,392
- Accrued charges and deferred income -€99,247
down €99,247 (-99.4%), from €99,887 to €640
- Reserves +€48,314
up €48,314 (+12.7%), from €380,138 to €428,451
- Gross operating margin +€92,621
up €92,621 (+141.4%), from €65,507 to €158,128
- Staff costs +€70,071
new in 2025: €70,071
- Depreciation +€9,788
up €9,788 (+103.9%), from €9,420 to €19,209
- Taxes +€3,655
up €3,655 (+26.4%), from €13,860 to €17,514
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 | €574,204 | €1,598,173 | +€1.0m | +178.3% |
| Fixed assets | 21/28 | €43,461 | €114,725 | +€71,265 | +164.0% |
| Intangible fixed assets | 21 | €4,443 | €30,691 | +€26,248 | +590.8% |
| Tangible fixed assets | 22/27 | €39,018 | €84,034 | +€45,016 | +115.4% |
| Plant, machinery and equipment | 23 | €23,378 | €23,177 | -€200 | -0.9% |
| Furniture and vehicles | 24 | €15,640 | €60,857 | +€45,217 | +289.1% |
| Current assets | 29/58 | €530,744 | €1,483,447 | +€952,704 | +179.5% |
| Amounts receivable after more than one year | 29 | €100,000 | - | -€100,000 | |
| Other amounts receivable | 291 | €100,000 | - | -€100,000 | |
| Stocks and contracts in progress | 3 | - | €510,994 | +€510,994 | |
| Stocks | 30/36 | - | €237,291 | +€237,291 | |
| Contracts in progress | 37 | - | €273,703 | +€273,703 | |
| Amounts receivable within one year | 40/41 | €227,962 | €516,347 | +€288,385 | +126.5% |
| Trade receivables | 40 | €196,459 | €318,846 | +€122,387 | +62.3% |
| Other amounts receivable | 41 | €31,503 | €197,501 | +€165,998 | +526.9% |
| Cash at bank and in hand | 54/58 | €200,985 | €448,117 | +€247,131 | +123.0% |
| Deferred charges and accrued income | 490/1 | €1,796 | €7,989 | +€6,193 | +344.8% |
| Total equity and liabilities | 10/49 | €574,204 | €1,598,173 | +€1.0m | +178.3% |
| Equity | 10/15 | €424,591 | €472,904 | +€48,314 | +11.4% |
| Contributions | 10/11 | €44,453 | €44,453 | = | 0.0% |
| Reserves | 13 | €380,138 | €428,451 | +€48,314 | +12.7% |
| Distributable reserves | 133 | €380,138 | €428,451 | +€48,314 | +12.7% |
| Amounts payable | 17/49 | €149,614 | €1,125,268 | +€975,655 | +652.1% |
| Amounts payable after more than one year | 17 | - | €11,259 | +€11,259 | |
| Financial debts | 170/4 | - | €11,259 | +€11,259 | |
| Amounts payable within one year | 42/48 | €49,726 | €1,113,369 | +€1.1m | +2139.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,945 | +€3,945 | |
| Trade debts | 44 | €26,339 | €233,392 | +€207,053 | +786.1% |
| Suppliers | 440/4 | €26,339 | €233,392 | +€207,053 | +786.1% |
| Advances received on contracts in progress | 46 | - | €475,144 | +€475,144 | |
| Taxes, remuneration and social security | 45 | €22,905 | €51,128 | +€28,223 | +123.2% |
| Taxes | 450/3 | €22,905 | €47,186 | +€24,280 | +106.0% |
| Remuneration and social security | 454/9 | - | €3,943 | +€3,943 | |
| Other amounts payable | 47/48 | €482 | €349,759 | +€349,277 | +72527.4% |
| Accrued charges and deferred income | 492/3 | €99,887 | €640 | -€99,247 | -99.4% |
| Remuneration, social security and pensions | 62 | - | €70,071 | +€70,071 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,420 | €19,209 | +€9,788 | +103.9% |
| Other operating charges | 640/8 | €924 | €1,503 | +€580 | +62.7% |
| Gross operating margin | 9900 | €65,507 | €158,128 | +€92,621 | +141.4% |
| Operating profit (loss) | 9901 | €55,163 | €67,345 | +€12,183 | +22.1% |
| Financial income | 75/76B | €2 | €129 | +€127 | +6328.5% |
| Recurring financial income | 75 | €2 | €129 | +€127 | +6328.5% |
| Financial charges | 65/66B | €159 | €1,646 | +€1,487 | +933.2% |
| Recurring financial charges | 65 | €159 | €1,646 | +€1,487 | +933.2% |
| Profit (loss) for the period before taxes | 9903 | €55,005 | €65,828 | +€10,823 | +19.7% |
| Income taxes | 67/77 | €13,860 | €17,514 | +€3,655 | +26.4% |
| Profit (loss) for the period | 9904 | €41,146 | €48,314 | +€7,168 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,146 | €48,314 | +€7,168 | +17.4% |
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 11 October 2026 via checked.be.