CLS VASTGOED: 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 VASTGOED
Largest movements
- Cash -€39,338
down €39,338 (-19.9%), from €197,242 to €157,904
mainly Contributions, distributions and other (-€139,210) and Debts after one year (-€10,091)
- Tangible fixed assets -€12,632
down €12,632 (-11.3%), from €111,988 to €99,356
of which Other tangible fixed assets: -€9,115
- Receivables within one year +€8,808
up €8,808 (+14.5%), from €60,932 to €69,740
of which Trade receivables: +€10,433
- Reserves -€86,413
down €86,413 (-56.8%), from €152,179 to €65,765
- Other debts +€31,850
new in 2025: €31,850
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Debts after one year -€10,091
down €10,091 (-51.8%), from €19,495 to €9,404
- Tax, wage and social debts +€5,321
up €5,321 (+49.2%), from €10,822 to €16,143
of which Taxes: +€5,340
- Gross operating margin +€85,398
up €85,398 (+123%), from €69,327 to €154,725
- Taxes +€12,386
up €12,386 (+6,294%), from €197 to €12,582
- Staff costs +€9,304
up €9,304 (+18.5%), from €50,414 to €59,718
- Depreciation +€3,056
up €3,056 (+31.9%), from €9,576 to €12,632
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.
Derived cash bridge
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 | €370,162 | €327,000 | -€43,162 | -11.7% |
| Fixed assets | 21/28 | €111,988 | €99,356 | -€12,632 | -11.3% |
| Tangible fixed assets | 22/27 | €111,988 | €99,356 | -€12,632 | -11.3% |
| Furniture and vehicles | 24 | €16,985 | €13,468 | -€3,517 | -20.7% |
| Other tangible fixed assets | 26 | €95,003 | €85,888 | -€9,115 | -9.6% |
| Current assets | 29/58 | €258,174 | €227,644 | -€30,530 | -11.8% |
| Amounts receivable within one year | 40/41 | €60,932 | €69,740 | +€8,808 | +14.5% |
| Trade receivables | 40 | €35,900 | €46,333 | +€10,433 | +29.1% |
| Other amounts receivable | 41 | €25,033 | €23,408 | -€1,625 | -6.5% |
| Cash at bank and in hand | 54/58 | €197,242 | €157,904 | -€39,338 | -19.9% |
| Total equity and liabilities | 10/49 | €370,162 | €327,000 | -€43,162 | -11.7% |
| Equity | 10/15 | €158,379 | €84,365 | -€74,013 | -46.7% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €152,179 | €65,765 | -€86,413 | -56.8% |
| Distributable reserves | 133 | €152,179 | €65,765 | -€86,413 | -56.8% |
| Amounts payable | 17/49 | €211,783 | €242,635 | +€30,852 | +14.6% |
| Amounts payable after more than one year | 17 | €19,495 | €9,404 | -€10,091 | -51.8% |
| Financial debts | 170/4 | €19,495 | €9,404 | -€10,091 | -51.8% |
| Amounts payable within one year | 42/48 | €192,288 | €233,231 | +€40,943 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €9,919 | €10,091 | +€172 | +1.7% |
| Trade debts | 44 | €171,547 | €175,147 | +€3,600 | +2.1% |
| Suppliers | 440/4 | €23,424 | €24,662 | +€1,239 | +5.3% |
| Bills of exchange payable | 441 | €148,123 | €150,484 | +€2,361 | +1.6% |
| Taxes, remuneration and social security | 45 | €10,822 | €16,143 | +€5,321 | +49.2% |
| Taxes | 450/3 | €361 | €5,701 | +€5,340 | +1,478% |
| Remuneration and social security | 454/9 | €10,460 | €10,442 | -€18 | -0.2% |
| Other amounts payable | 47/48 | - | €31,850 | +€31,850 | |
| Non-recurring operating income | 76A | - | €3,306 | +€3,306 | |
| Remuneration, social security and pensions | 62 | €50,414 | €59,718 | +€9,304 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,576 | €12,632 | +€3,056 | +31.9% |
| Other operating charges | 640/8 | €4,013 | €3,117 | -€896 | -22.3% |
| Non-recurring operating charges | 66A | €1,199 | €1,143 | -€56 | -4.7% |
| Gross operating margin | 9900 | €69,327 | €154,725 | +€85,398 | +123% |
| Operating profit (loss) | 9901 | €4,125 | €78,116 | +€73,990 | +1,794% |
| Financial income | 75/76B | €239 | €483 | +€244 | +102% |
| Recurring financial income | 75 | €239 | €483 | +€244 | +102% |
| Financial charges | 65/66B | €1,158 | €819 | -€339 | -29.3% |
| Recurring financial charges | 65 | €1,158 | €819 | -€339 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €3,206 | €77,779 | +€74,573 | +2,326% |
| Income taxes | 67/77 | €197 | €12,582 | +€12,386 | +6,294% |
| Profit (loss) for the period | 9904 | €3,009 | €65,197 | +€62,188 | +2,066% |
| Profit (loss) for the period to be appropriated | 9905 | €3,009 | €65,197 | +€62,188 | +2,066% |
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 22 October 2026 via checked.be.