CLZ: 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.
CLZ
Largest movements
- Financial fixed assets +€485,125
up €485,125 (+29.6%), from €1.6m to €2.1m
- Tangible fixed assets +€114,108
new in 2025: €114,108
- Debts after one year +€597,038
up €597,038 (+355.5%), from €167,921 to €764,959
- Financial charges +€21,597
up €21,597 (+717.3%), from €3,011 to €24,608
- Financial income +€8,623
new in 2025: €8,623
- Depreciation +€2,869
new in 2025: €2,869
- Gross operating margin +€718
up €718, from -€85 to €633
- Other operating charges +€611
up €611 (+158.0%), from €387 to €998
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,664,023 | €2,244,509 | +€580,486 | +34.9% |
| Fixed assets | 21/28 | €1,640,000 | €2,239,233 | +€599,233 | +36.5% |
| Tangible fixed assets | 22/27 | - | €114,108 | +€114,108 | |
| Land and buildings | 22 | - | €114,108 | +€114,108 | |
| Financial fixed assets | 28 | €1,640,000 | €2,125,125 | +€485,125 | +29.6% |
| Current assets | 29/58 | €24,023 | €5,276 | -€18,747 | -78.0% |
| Amounts receivable after more than one year | 29 | €20,826 | - | -€20,826 | |
| Other amounts receivable | 291 | €20,826 | - | -€20,826 | |
| Amounts receivable within one year | 40/41 | - | €823 | +€823 | |
| Other amounts receivable | 41 | - | €823 | +€823 | |
| Current investments | 50/53 | €3,197 | €4,453 | +€1,256 | +39.3% |
| Total equity and liabilities | 10/49 | €1,664,023 | €2,244,509 | +€580,486 | +34.9% |
| Equity | 10/15 | €1,490,661 | €1,471,442 | -€19,219 | -1.3% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,339 | -€28,558 | -€19,219 | -205.8% |
| Amounts payable | 17/49 | €173,362 | €773,067 | +€599,705 | +345.9% |
| Amounts payable after more than one year | 17 | €167,921 | €764,959 | +€597,038 | +355.5% |
| Other amounts payable | 178/9 | €167,921 | €764,959 | +€597,038 | +355.5% |
| Amounts payable within one year | 42/48 | €5,441 | €8,108 | +€2,667 | +49.0% |
| Taxes, remuneration and social security | 45 | €824 | €8,108 | +€7,284 | +884.0% |
| Taxes | 450/3 | €824 | €8,108 | +€7,284 | +884.0% |
| Other amounts payable | 47/48 | €4,617 | - | -€4,617 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,869 | +€2,869 | |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158.0% |
| Gross operating margin | 9900 | -€85 | €633 | +€718 | |
| Operating profit (loss) | 9901 | -€472 | -€3,234 | -€2,762 | -585.3% |
| Financial income | 75/76B | - | €8,623 | +€8,623 | |
| Recurring financial income | 75 | - | €8,623 | +€8,623 | |
| Financial charges | 65/66B | €3,011 | €24,608 | +€21,597 | +717.3% |
| Recurring financial charges | 65 | €3,011 | €24,608 | +€21,597 | +717.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,483 | -€19,219 | -€15,736 | -451.8% |
| Profit (loss) for the period | 9904 | -€3,483 | -€19,219 | -€15,736 | -451.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,483 | -€19,219 | -€15,736 | -451.8% |
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 5 October 2026 via checked.be.