CLWC: 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.
CLWC
Largest movements
- Receivables within one year +€6,907
up €6,907 (+47.2%), from €14,624 to €21,531
of which Trade receivables: +€3,857
- Tangible fixed assets +€6,824
up €6,824 (+151.9%), from €4,494 to €11,317
of which Plant, machinery and equipment: +€3,581
- Cash -€2,276
down €2,276 (-6.7%), from €34,179 to €31,903
mainly Contributions, distributions and other (-€52,029) and Investment in fixed assets (net) (-€9,118)
- Other debts +€38,575
up €38,575 (+286.7%), from €13,453 to €52,029
- Profit (loss) carried forward -€31,257
down €31,257 (-100.0%), from €31,257 to €0
- Trade debts +€1,850
up €1,850 (+114.3%), from €1,618 to €3,468
- Tax, wage and social debts +€1,665
up €1,665 (+22.5%), from €7,402 to €9,068
- Gross operating margin -€7,974
down €7,974 (-21.2%), from €37,646 to €29,672
- Taxes -€2,878
down €2,878 (-36.4%), from €7,897 to €5,019
- Depreciation +€977
up €977 (+67.8%), from €1,441 to €2,418
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 | €54,755 | €65,565 | +€10,810 | +19.7% |
| Fixed assets | 21/28 | €4,618 | €11,317 | +€6,700 | +145.1% |
| Tangible fixed assets | 22/27 | €4,494 | €11,317 | +€6,824 | +151.9% |
| Plant, machinery and equipment | 23 | €4,494 | €8,074 | +€3,581 | +79.7% |
| Other tangible fixed assets | 26 | - | €3,243 | +€3,243 | |
| Financial fixed assets | 28 | €124 | €0 | -€124 | -100.0% |
| Current assets | 29/58 | €50,137 | €54,248 | +€4,110 | +8.2% |
| Amounts receivable within one year | 40/41 | €14,624 | €21,531 | +€6,907 | +47.2% |
| Trade receivables | 40 | €14,624 | €18,481 | +€3,857 | +26.4% |
| Other amounts receivable | 41 | €0 | €3,050 | +€3,050 | |
| Cash at bank and in hand | 54/58 | €34,179 | €31,903 | -€2,276 | -6.7% |
| Deferred charges and accrued income | 490/1 | €1,334 | €813 | -€520 | -39.0% |
| Total equity and liabilities | 10/49 | €54,755 | €65,565 | +€10,810 | +19.7% |
| Equity | 10/15 | €32,257 | €1,000 | -€31,257 | -96.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,257 | €0 | -€31,257 | -100.0% |
| Amounts payable | 17/49 | €22,498 | €64,565 | +€42,067 | +187.0% |
| Amounts payable within one year | 42/48 | €22,474 | €64,565 | +€42,091 | +187.3% |
| Trade debts | 44 | €1,618 | €3,468 | +€1,850 | +114.3% |
| Suppliers | 440/4 | €1,618 | €3,468 | +€1,850 | +114.3% |
| Taxes, remuneration and social security | 45 | €7,402 | €9,068 | +€1,665 | +22.5% |
| Taxes | 450/3 | €7,402 | €9,068 | +€1,665 | +22.5% |
| Other amounts payable | 47/48 | €13,453 | €52,029 | +€38,575 | +286.7% |
| Accrued charges and deferred income | 492/3 | €24 | €0 | -€24 | -100.0% |
| Non-recurring operating income | 76A | €12,198 | €0 | -€12,198 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,441 | €2,418 | +€977 | +67.8% |
| Other operating charges | 640/8 | €1,083 | €748 | -€335 | -31.0% |
| Gross operating margin | 9900 | €37,646 | €29,672 | -€7,974 | -21.2% |
| Operating profit (loss) | 9901 | €35,122 | €26,506 | -€8,615 | -24.5% |
| Financial income | 75/76B | €2 | €34 | +€32 | +1689.4% |
| Recurring financial income | 75 | €2 | €34 | +€32 | +1689.4% |
| Financial charges | 65/66B | €735 | €749 | +€14 | +1.9% |
| Recurring financial charges | 65 | €735 | €749 | +€14 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €34,389 | €25,791 | -€8,598 | -25.0% |
| Income taxes | 67/77 | €7,897 | €5,019 | -€2,878 | -36.4% |
| Profit (loss) for the period | 9904 | €26,492 | €20,772 | -€5,720 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,492 | €20,772 | -€5,720 | -21.6% |
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 2 October 2026 via checked.be.