CLV Invest: 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.
CLV Invest
Largest movements
- Tangible fixed assets +€326,515
up €326,515 (+21.2%), from €1.5m to €1.9m
- Cash -€90,461
no longer reported in 2025 (was €90,461)
mainly Investment in fixed assets (net) (-€437,048) and Debts after one year (-€103,824)
- Other debts +€318,657
up €318,657 (+36.4%), from €875,739 to €1.2m
- Debts after one year -€103,824
down €103,824 (-11.0%), from €941,700 to €837,876
of which Financial debts: -€105,524
- Profit (loss) carried forward -€97,014
down €97,014 (-33.1%), from -€292,687 to -€389,700
- Short-term financial debts +€91,848
new in 2025: €91,848
- Current portion of long-term debt +€36,566
new in 2025: €36,566
- Depreciation -€132,565
down €132,565 (-54.5%), from €243,099 to €110,534
- Gross operating margin +€48,758
up €48,758 (+302%), from €16,125 to €64,883
- Financial charges -€25,579
down €25,579 (-39.2%), from €65,259 to €39,680
- Other operating charges +€11,230
up €11,230 (+2,475%), from €454 to €11,684
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 | €1,642,319 | €1,870,985 | +€228,666 | +13.9% |
| Fixed assets | 21/28 | €1,537,646 | €1,864,161 | +€326,515 | +21.2% |
| Tangible fixed assets | 22/27 | €1,537,646 | €1,864,161 | +€326,515 | +21.2% |
| Land and buildings | 22 | €1,537,646 | €1,864,161 | +€326,515 | +21.2% |
| Current assets | 29/58 | €104,673 | €6,823 | -€97,849 | -93.5% |
| Amounts receivable within one year | 40/41 | €12,450 | €5,028 | -€7,422 | -59.6% |
| Trade receivables | 40 | €12,450 | €5,028 | -€7,422 | -59.6% |
| Cash at bank and in hand | 54/58 | €90,461 | - | -€90,461 | |
| Deferred charges and accrued income | 490/1 | €1,762 | €1,795 | +€34 | +1.9% |
| Total equity and liabilities | 10/49 | €1,642,319 | €1,870,985 | +€228,666 | +13.9% |
| Equity | 10/15 | -€192,687 | -€289,700 | -€97,014 | -50.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€292,687 | -€389,700 | -€97,014 | -33.1% |
| Amounts payable | 17/49 | €1,835,006 | €2,160,685 | +€325,680 | +17.7% |
| Amounts payable after more than one year | 17 | €941,700 | €837,876 | -€103,824 | -11.0% |
| Financial debts | 170/4 | €940,000 | €834,476 | -€105,524 | -11.2% |
| Other amounts payable | 178/9 | €1,700 | €3,400 | +€1,700 | +100% |
| Amounts payable within one year | 42/48 | €892,761 | €1,322,810 | +€430,049 | +48.2% |
| Current portion of amounts payable after more than one year | 42 | - | €36,566 | +€36,566 | |
| Financial debts | 43 | - | €91,848 | +€91,848 | |
| Credit institutions | 430/8 | - | €91,848 | +€91,848 | |
| Trade debts | 44 | €17,022 | - | -€17,022 | |
| Suppliers | 440/4 | €17,022 | - | -€17,022 | |
| Other amounts payable | 47/48 | €875,739 | €1,194,395 | +€318,657 | +36.4% |
| Accrued charges and deferred income | 492/3 | €545 | - | -€545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243,099 | €110,534 | -€132,565 | -54.5% |
| Other operating charges | 640/8 | €454 | €11,684 | +€11,230 | +2,475% |
| Gross operating margin | 9900 | €16,125 | €64,883 | +€48,758 | +302% |
| Operating profit (loss) | 9901 | -€227,427 | -€57,334 | +€170,094 | +74.8% |
| Financial charges | 65/66B | €65,259 | €39,680 | -€25,579 | -39.2% |
| Recurring financial charges | 65 | €65,259 | €39,680 | -€25,579 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | -€292,687 | -€97,014 | +€195,673 | +66.9% |
| Profit (loss) for the period | 9904 | -€292,687 | -€97,014 | +€195,673 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€292,687 | -€97,014 | +€195,673 | +66.9% |
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 25 October 2026 via checked.be.