CLW ASSOCIATES: 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.
CLW ASSOCIATES
Largest movements
- Financial fixed assets +€200,000
new in 2024: €200,000
- Receivables within one year -€21,626
down €21,626 (-2.8%), from €770,226 to €748,600
of which Trade receivables: -€80,710
- Deferred charges and accrued income -€16,982
down €16,982 (-52.0%), from €32,632 to €15,650
- Tangible fixed assets -€16,923
down €16,923 (-10.8%), from €157,083 to €140,160
of which Land and buildings: -€10,418
- Cash -€16,685
down €16,685 (-39.0%), from €42,820 to €26,134
mainly Investment in fixed assets (net) (-€200,000) and Trade debts (-€97,851)
- Tax, wage and social debts +€169,545
up €169,545 (+115%), from €147,656 to €317,201
of which Taxes: +€98,403
- Trade debts -€97,851
down €97,851 (-13.1%), from €744,608 to €646,758
- Profit (loss) carried forward +€48,825
up €48,825 (+77.9%), from €62,641 to €111,466
- Other operating charges -€84,482
down €84,482 (-86.0%), from €98,202 to €13,720
- Staff costs +€33,221
up €33,221 (+16.8%), from €197,586 to €230,807
- Write-downs +€23,269
up €23,269 (+44.7%), from -€52,050 to -€28,781
- Gross operating margin -€5,985
down €5,985 (-1.9%), from €309,712 to €303,727
- Taxes +€3,916
up €3,916 (+23.4%), from €16,758 to €20,675
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,003,270 | €1,131,053 | +€127,783 | +12.7% |
| Fixed assets | 21/28 | €157,083 | €340,160 | +€183,077 | +117% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €157,083 | €140,160 | -€16,923 | -10.8% |
| Land and buildings | 22 | €140,928 | €130,511 | -€10,418 | -7.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €16,155 | €9,649 | -€6,505 | -40.3% |
| Financial fixed assets | 28 | - | €200,000 | +€200,000 | |
| Current assets | 29/58 | €846,187 | €790,893 | -€55,294 | -6.5% |
| Amounts receivable within one year | 40/41 | €770,226 | €748,600 | -€21,626 | -2.8% |
| Trade receivables | 40 | €676,863 | €596,154 | -€80,710 | -11.9% |
| Other amounts receivable | 41 | €93,363 | €152,446 | +€59,084 | +63.3% |
| Current investments | 50/53 | €509 | €509 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,820 | €26,134 | -€16,685 | -39.0% |
| Deferred charges and accrued income | 490/1 | €32,632 | €15,650 | -€16,982 | -52.0% |
| Total equity and liabilities | 10/49 | €1,003,270 | €1,131,053 | +€127,783 | +12.7% |
| Equity | 10/15 | €102,941 | €151,766 | +€48,825 | +47.4% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €5,300 | €5,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,500 | €3,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,500 | €3,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,641 | €111,466 | +€48,825 | +77.9% |
| Amounts payable | 17/49 | €900,329 | €979,287 | +€78,958 | +8.8% |
| Amounts payable within one year | 42/48 | €900,329 | €979,287 | +€78,958 | +8.8% |
| Trade debts | 44 | €744,608 | €646,758 | -€97,851 | -13.1% |
| Suppliers | 440/4 | €744,608 | €646,758 | -€97,851 | -13.1% |
| Taxes, remuneration and social security | 45 | €147,656 | €317,201 | +€169,545 | +115% |
| Taxes | 450/3 | €35,154 | €133,557 | +€98,403 | +280% |
| Remuneration and social security | 454/9 | €112,502 | €183,644 | +€71,142 | +63.2% |
| Other amounts payable | 47/48 | €8,064 | €15,328 | +€7,263 | +90.1% |
| Remuneration, social security and pensions | 62 | €197,586 | €230,807 | +€33,221 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,993 | €16,923 | +€1,930 | +12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€52,050 | -€28,781 | +€23,269 | +44.7% |
| Other operating charges | 640/8 | €98,202 | €13,720 | -€84,482 | -86.0% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €309,712 | €303,727 | -€5,985 | -1.9% |
| Operating profit (loss) | 9901 | €50,981 | €71,058 | +€20,077 | +39.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,803 | €1,558 | -€1,245 | -44.4% |
| Recurring financial charges | 65 | €2,803 | €1,558 | -€1,245 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €48,177 | €69,500 | +€21,323 | +44.3% |
| Income taxes | 67/77 | €16,758 | €20,675 | +€3,916 | +23.4% |
| Profit (loss) for the period | 9904 | €31,419 | €48,825 | +€17,406 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,419 | €48,825 | +€17,406 | +55.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.