CLVC: 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.
CLVC
Largest movements
- Current investments +€25,378
up €25,378 (+33.0%), from €77,000 to €102,378
- Receivables within one year +€18,754
up €18,754 (+119.2%), from €15,730 to €34,484
- Tangible fixed assets -€14,378
down €14,378 (-16.5%), from €87,122 to €72,744
of which Furniture and vehicles: -€7,449
- Cash +€8,938
up €8,938 (+5.3%), from €169,551 to €178,489
mainly Net result for the year (+€56,323) and Depreciation (+€20,983)
- Reserves +€48,975
up €48,975 (+16.6%), from €295,732 to €344,707
of which Distributable reserves: +€50,677
- Other debts -€18,020
down €18,020 (-99.2%), from €18,157 to €137
- Trade debts +€8,351
up €8,351 (+2675.6%), from €312 to €8,663
- Gross operating margin +€12,085
up €12,085 (+14.2%), from €85,025 to €97,111
- Taxes +€3,476
up €3,476 (+18.3%), from €18,988 to €22,464
- Financial income +€1,930
up €1,930 (+97.8%), from €1,975 to €3,905
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 | €353,426 | €390,896 | +€37,470 | +10.6% |
| Fixed assets | 21/28 | €87,294 | €72,930 | -€14,364 | -16.5% |
| Tangible fixed assets | 22/27 | €87,122 | €72,744 | -€14,378 | -16.5% |
| Furniture and vehicles | 24 | €53,970 | €46,521 | -€7,449 | -13.8% |
| Other tangible fixed assets | 26 | €33,152 | €26,223 | -€6,928 | -20.9% |
| Financial fixed assets | 28 | €172 | €186 | +€14 | +8.0% |
| Current assets | 29/58 | €266,132 | €317,966 | +€51,834 | +19.5% |
| Amounts receivable within one year | 40/41 | €15,730 | €34,484 | +€18,754 | +119.2% |
| Trade receivables | 40 | €15,730 | €34,484 | +€18,754 | +119.2% |
| Current investments | 50/53 | €77,000 | €102,378 | +€25,378 | +33.0% |
| Cash at bank and in hand | 54/58 | €169,551 | €178,489 | +€8,938 | +5.3% |
| Deferred charges and accrued income | 490/1 | €3,851 | €2,614 | -€1,237 | -32.1% |
| Total equity and liabilities | 10/49 | €353,426 | €390,896 | +€37,470 | +10.6% |
| Equity | 10/15 | €314,282 | €363,257 | +€48,975 | +15.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €295,732 | €344,707 | +€48,975 | +16.6% |
| Tax-exempt reserves | 132 | €6,392 | €4,690 | -€1,702 | -26.6% |
| Distributable reserves | 133 | €289,340 | €340,017 | +€50,677 | +17.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €1,598 | €1,172 | -€425 | -26.6% |
| Deferred taxes | 168 | €1,598 | €1,172 | -€425 | -26.6% |
| Amounts payable | 17/49 | €37,546 | €26,466 | -€11,080 | -29.5% |
| Amounts payable within one year | 42/48 | €35,796 | €25,745 | -€10,051 | -28.1% |
| Trade debts | 44 | €312 | €8,663 | +€8,351 | +2675.6% |
| Suppliers | 440/4 | €312 | €8,663 | +€8,351 | +2675.6% |
| Taxes, remuneration and social security | 45 | €17,326 | €16,945 | -€382 | -2.2% |
| Taxes | 450/3 | €17,326 | €16,945 | -€382 | -2.2% |
| Other amounts payable | 47/48 | €18,157 | €137 | -€18,020 | -99.2% |
| Accrued charges and deferred income | 492/3 | €1,751 | €721 | -€1,029 | -58.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,641 | €20,983 | +€342 | +1.7% |
| Other operating charges | 640/8 | €1,069 | €1,054 | -€16 | -1.5% |
| Gross operating margin | 9900 | €85,025 | €97,111 | +€12,085 | +14.2% |
| Operating profit (loss) | 9901 | €63,315 | €75,074 | +€11,759 | +18.6% |
| Financial income | 75/76B | €1,975 | €3,905 | +€1,930 | +97.8% |
| Recurring financial income | 75 | €1,975 | €3,905 | +€1,930 | +97.8% |
| Financial charges | 65/66B | €114 | €618 | +€504 | +442.3% |
| Recurring financial charges | 65 | €114 | €618 | +€504 | +442.3% |
| Profit (loss) for the period before taxes | 9903 | €65,176 | €78,361 | +€13,185 | +20.2% |
| Transfer from deferred taxes | 780 | €425 | €425 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €18,988 | €22,464 | +€3,476 | +18.3% |
| Profit (loss) for the period | 9904 | €46,613 | €56,323 | +€9,709 | +20.8% |
| Transfer from tax-exempt reserves | 789 | €1,702 | €1,702 | -€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €48,315 | €58,025 | +€9,709 | +20.1% |
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 1 October 2026 via checked.be.