CSL: 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.
What changed
CSL
NACE 46.190, Agents in non-specialised wholesale trade
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€19,490
2023 · €8,501+€10,989
Equity
€448,422
2023 · €428,932+€19,490
Cash
€5,862
2023 · €3,414+€2,448
Balance sheet total
€1.1m
2023 · €1.2m-€15,638
Largest movements
Assets
- Tangible fixed assets -€12,300
down €12,300 (-1.1%), from €1.1m to €1.1m
of which Land and buildings: -€24,275
Equity and liabilities
- Debts after one year -€35,978
down €35,978 (-6.2%), from €578,955 to €542,977
- Reserves +€18,529
up €18,529 (+11.8%), from €156,679 to €175,208
of which Distributable reserves: +€25,000
- Trade debts -€18,514
down €18,514 (-70.0%), from €26,458 to €7,944
Income statement
- Depreciation -€86,415
down €86,415 (-61.0%), from €141,598 to €55,183
- Gross operating margin -€62,048
down €62,048 (-33.1%), from €187,552 to €125,504
- Financial charges +€9,637
up €9,637 (+62.1%), from €15,523 to €25,160
- Taxes +€3,824
up €3,824 (+37.9%), from €10,097 to €13,921
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.
Result 2023
€8,501
Gross operating margin
-€62,048
Depreciation
+€86,415
Other operating charges
+€103
Financial income
-€20
Financial charges
-€9,637
Taxes
-€3,824
Result 2024
€19,490
Cash bridge derived
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.
From operations
+€73,913
Investment
-€37,883
Financing
-€33,582
Cash 2023
€3,414
From operations (derived)
+€73,913
Net result for the year
+€19,490
Depreciation
+€55,183
Receivables within one year
+€4,477
Deferred charges and accrued income
-€3,691
Provisions
-€2,157
Trade debts
-€18,514
Tax, wage and social debts
+€2,551
Other debts
+€9,919
Accrued charges and deferred income
+€6,655
Investment (derived)
-€37,883
Investment in fixed assets (net)
-€37,883
Financing
-€33,582
Debts after one year
-€35,978
Current portion of long-term debt
+€2,396
Cash 2024
€5,862
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,150,775 | €1,135,137 | -€15,638 | -1.4% |
| Fixed assets | 21/28 | €1,136,864 | €1,119,564 | -€17,300 | -1.5% |
| Tangible fixed assets | 22/27 | €1,131,864 | €1,119,564 | -€12,300 | -1.1% |
| Land and buildings | 22 | €1,130,365 | €1,106,090 | -€24,275 | -2.1% |
| Plant, machinery and equipment | 23 | €1,499 | €682 | -€817 | -54.5% |
| Furniture and vehicles | 24 | - | €12,792 | +€12,792 | |
| Financial fixed assets | 28 | €5,000 | - | -€5,000 | |
| Current assets | 29/58 | €13,911 | €15,573 | +€1,662 | +11.9% |
| Amounts receivable within one year | 40/41 | €10,497 | €6,020 | -€4,477 | -42.7% |
| Trade receivables | 40 | €10,497 | €4,867 | -€5,630 | -53.6% |
| Other amounts receivable | 41 | - | €1,153 | +€1,153 | |
| Cash at bank and in hand | 54/58 | €3,414 | €5,862 | +€2,448 | +71.7% |
| Deferred charges and accrued income | 490/1 | - | €3,691 | +€3,691 | |
| Total equity and liabilities | 10/49 | €1,150,775 | €1,135,137 | -€15,638 | -1.4% |
| Equity | 10/15 | €428,932 | €448,422 | +€19,490 | +4.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €156,679 | €175,208 | +€18,529 | +11.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €116,479 | €110,008 | -€6,471 | -5.6% |
| Distributable reserves | 133 | €34,000 | €59,000 | +€25,000 | +73.5% |
| Profit (loss) carried forward | 14 | €210,253 | €211,214 | +€961 | +0.5% |
| Provisions and deferred taxes | 16 | €38,826 | €36,669 | -€2,157 | -5.6% |
| Deferred taxes | 168 | €38,826 | €36,669 | -€2,157 | -5.6% |
| Amounts payable | 17/49 | €683,017 | €650,046 | -€32,971 | -4.8% |
| Amounts payable after more than one year | 17 | €578,955 | €542,977 | -€35,978 | -6.2% |
| Financial debts | 170/4 | €578,955 | €542,977 | -€35,978 | -6.2% |
| Amounts payable within one year | 42/48 | €104,062 | €100,414 | -€3,648 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €49,044 | €51,440 | +€2,396 | +4.9% |
| Trade debts | 44 | €26,458 | €7,944 | -€18,514 | -70.0% |
| Suppliers | 440/4 | €26,458 | €7,944 | -€18,514 | -70.0% |
| Taxes, remuneration and social security | 45 | €18,177 | €20,728 | +€2,551 | +14.0% |
| Taxes | 450/3 | €18,177 | €20,728 | +€2,551 | +14.0% |
| Other amounts payable | 47/48 | €10,383 | €20,302 | +€9,919 | +95.5% |
| Accrued charges and deferred income | 492/3 | - | €6,655 | +€6,655 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,598 | €55,183 | -€86,415 | -61.0% |
| Other operating charges | 640/8 | €14,018 | €13,915 | -€103 | -0.7% |
| Gross operating margin | 9900 | €187,552 | €125,504 | -€62,048 | -33.1% |
| Operating profit (loss) | 9901 | €31,936 | €56,406 | +€24,470 | +76.6% |
| Financial income | 75/76B | €28 | €8 | -€20 | -71.4% |
| Recurring financial income | 75 | €28 | €8 | -€20 | -71.4% |
| Financial charges | 65/66B | €15,523 | €25,160 | +€9,637 | +62.1% |
| Recurring financial charges | 65 | €15,523 | €25,160 | +€9,637 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | €16,441 | €31,254 | +€14,813 | +90.1% |
| Transfer from deferred taxes | 780 | €2,157 | €2,157 | = | 0.0% |
| Income taxes | 67/77 | €10,097 | €13,921 | +€3,824 | +37.9% |
| Profit (loss) for the period | 9904 | €8,501 | €19,490 | +€10,989 | +129.3% |
| Transfer from tax-exempt reserves | 789 | €6,471 | €6,471 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,972 | €25,961 | +€10,989 | +73.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.