CLS Projects: 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.
CLS Projects
Largest movements
- Receivables within one year +€189,667
up €189,667 (+108.4%), from €174,953 to €364,619
of which Other amounts receivable: +€200,422
- Tangible fixed assets +€42,812
up €42,812 (+822.4%), from €5,206 to €48,018
- Cash -€11,711
down €11,711 (-48.9%), from €23,968 to €12,257
mainly Receivables within one year (-€189,667) and Investment in fixed assets (net) (-€53,162)
- Reserves +€108,002
up €108,002 (+104.1%), from €103,768 to €211,770
- Trade debts +€39,805
up €39,805 (+163.0%), from €24,424 to €64,229
- Debts after one year +€34,687
new in 2025: €34,687
- Other debts +€21,126
up €21,126 (+29.8%), from €70,867 to €91,993
- Current portion of long-term debt +€10,280
new in 2025: €10,280
- Gross operating margin +€11,122
up €11,122 (+7.3%), from €151,583 to €162,705
- Taxes -€9,214
down €9,214 (-22.9%), from €40,312 to €31,098
- Depreciation +€5,305
up €5,305 (+171.6%), from €3,091 to €8,396
- Other operating charges +€1,887
up €1,887 (+698.0%), from €270 to €2,157
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 | €204,127 | €426,849 | +€222,722 | +109.1% |
| Fixed assets | 21/28 | €5,206 | €49,973 | +€44,767 | +859.9% |
| Intangible fixed assets | 21 | - | €1,954 | +€1,954 | |
| Tangible fixed assets | 22/27 | €5,206 | €48,018 | +€42,812 | +822.4% |
| Furniture and vehicles | 24 | €5,206 | €48,018 | +€42,812 | +822.4% |
| Current assets | 29/58 | €198,921 | €376,876 | +€177,955 | +89.5% |
| Amounts receivable within one year | 40/41 | €174,953 | €364,619 | +€189,667 | +108.4% |
| Trade receivables | 40 | €30,114 | €19,359 | -€10,755 | -35.7% |
| Other amounts receivable | 41 | €144,839 | €345,261 | +€200,422 | +138.4% |
| Cash at bank and in hand | 54/58 | €23,968 | €12,257 | -€11,711 | -48.9% |
| Total equity and liabilities | 10/49 | €204,127 | €426,849 | +€222,722 | +109.1% |
| Equity | 10/15 | €108,768 | €216,770 | +€108,002 | +99.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €103,768 | €211,770 | +€108,002 | +104.1% |
| Distributable reserves | 133 | €103,768 | €211,770 | +€108,002 | +104.1% |
| Amounts payable | 17/49 | €95,359 | €210,079 | +€114,721 | +120.3% |
| Amounts payable after more than one year | 17 | - | €34,687 | +€34,687 | |
| Financial debts | 170/4 | - | €34,687 | +€34,687 | |
| Amounts payable within one year | 42/48 | €95,359 | €175,393 | +€80,034 | +83.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,280 | +€10,280 | |
| Trade debts | 44 | €24,424 | €64,229 | +€39,805 | +163.0% |
| Suppliers | 440/4 | €24,424 | €64,229 | +€39,805 | +163.0% |
| Taxes, remuneration and social security | 45 | €67 | €8,891 | +€8,824 | +13130.3% |
| Taxes | 450/3 | €67 | €8,891 | +€8,824 | +13130.3% |
| Other amounts payable | 47/48 | €70,867 | €91,993 | +€21,126 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,091 | €8,396 | +€5,305 | +171.6% |
| Other operating charges | 640/8 | €270 | €2,157 | +€1,887 | +698.0% |
| Gross operating margin | 9900 | €151,583 | €162,705 | +€11,122 | +7.3% |
| Operating profit (loss) | 9901 | €148,222 | €152,152 | +€3,930 | +2.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | - | €1,052 | +€1,052 | |
| Recurring financial charges | 65 | - | €1,052 | +€1,052 | |
| Profit (loss) for the period before taxes | 9903 | €148,222 | €151,100 | +€2,878 | +1.9% |
| Income taxes | 67/77 | €40,312 | €31,098 | -€9,214 | -22.9% |
| Profit (loss) for the period | 9904 | €107,910 | €120,002 | +€12,092 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €107,910 | €120,002 | +€12,092 | +11.2% |
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 12 October 2026 via checked.be.