CLO Advisory: 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.
CLO Advisory
Largest movements
- Cash +€7,361
up €7,361 (+42.5%), from €17,306 to €24,668
mainly Net result for the year (+€2,949) and Trade debts (+€2,558)
- Reserves +€2,949
up €2,949 (+77.6%), from €3,801 to €6,751
- Trade debts +€2,558
up €2,558 (+78.9%), from €3,243 to €5,801
- Tax, wage and social debts +€1,801
up €1,801 (+29.2%), from €6,178 to €7,979
- Gross operating margin +€3,239
up €3,239 (+200.4%), from €1,616 to €4,855
- Taxes +€1,098
up €1,098 (+137.1%), from €801 to €1,898
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 | €17,654 | €25,015 | +€7,361 | +41.7% |
| Current assets | 29/58 | €17,654 | €25,015 | +€7,361 | +41.7% |
| Cash at bank and in hand | 54/58 | €17,306 | €24,668 | +€7,361 | +42.5% |
| Deferred charges and accrued income | 490/1 | €347 | €347 | = | 0.0% |
| Total equity and liabilities | 10/49 | €17,654 | €25,015 | +€7,361 | +41.7% |
| Equity | 10/15 | €6,301 | €9,251 | +€2,949 | +46.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €3,801 | €6,751 | +€2,949 | +77.6% |
| Distributable reserves | 133 | €3,801 | €6,751 | +€2,949 | +77.6% |
| Amounts payable | 17/49 | €11,353 | €15,765 | +€4,412 | +38.9% |
| Amounts payable within one year | 42/48 | €9,642 | €14,019 | +€4,377 | +45.4% |
| Trade debts | 44 | €3,243 | €5,801 | +€2,558 | +78.9% |
| Suppliers | 440/4 | €3,243 | €5,801 | +€2,558 | +78.9% |
| Taxes, remuneration and social security | 45 | €6,178 | €7,979 | +€1,801 | +29.2% |
| Taxes | 450/3 | €6,178 | €7,979 | +€1,801 | +29.2% |
| Other amounts payable | 47/48 | €221 | €239 | +€18 | +8.1% |
| Accrued charges and deferred income | 492/3 | €1,711 | €1,746 | +€35 | +2.1% |
| Gross operating margin | 9900 | €1,616 | €4,855 | +€3,239 | +200.4% |
| Operating profit (loss) | 9901 | €1,616 | €4,855 | +€3,239 | +200.4% |
| Financial charges | 65/66B | - | €7 | +€7 | |
| Recurring financial charges | 65 | - | €7 | +€7 | |
| Profit (loss) for the period before taxes | 9903 | €1,616 | €4,848 | +€3,232 | +200.0% |
| Income taxes | 67/77 | €801 | €1,898 | +€1,098 | +137.1% |
| Profit (loss) for the period | 9904 | €815 | €2,949 | +€2,134 | +261.8% |
| Profit (loss) for the period to be appropriated | 9905 | €815 | €2,949 | +€2,134 | +261.8% |
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.