LE CLOSIN: 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.
LE CLOSIN
Largest movements
- Receivables after one year -€22,424
down €22,424 (-43.1%), from €52,077 to €29,652
- Receivables within one year +€13,143
up €13,143 (+22.4%), from €58,582 to €71,725
of which Other amounts receivable: +€16,274
- Cash +€2,797
up €2,797 (+253%), from €1,104 to €3,901
mainly Receivables after one year (+€22,424) and Net result for the year (+€2,842)
- Tax, wage and social debts -€4,040
down €4,040 (-57.7%), from €6,999 to €2,959
- Profit (loss) carried forward +€2,842
up €2,842 (+3.2%), from -€89,615 to -€86,773
- Advances received -€2,613
down €2,613 (-70.4%), from €3,710 to €1,098
- Other operating charges -€1,743
down €1,743 (-51.3%), from €3,395 to €1,653
- Gross operating margin -€1,388
down €1,388 (-7.2%), from €19,311 to €17,923
- Depreciation -€1,336
down €1,336 (-35.1%), from €3,807 to €2,471
- Financial charges -€933
down €933 (-6.2%), from €15,162 to €14,229
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.
Derived cash bridge
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 | €214,327 | €209,688 | -€4,638 | -2.2% |
| Fixed assets | 21/28 | €102,498 | €103,808 | +€1,310 | +1.3% |
| Tangible fixed assets | 22/27 | €102,498 | €103,808 | +€1,310 | +1.3% |
| Land and buildings | 22 | €100,000 | €100,000 | = | 0.0% |
| Furniture and vehicles | 24 | €2,498 | €3,808 | +€1,310 | +52.4% |
| Current assets | 29/58 | €111,828 | €105,880 | -€5,948 | -5.3% |
| Amounts receivable after more than one year | 29 | €52,077 | €29,652 | -€22,424 | -43.1% |
| Trade receivables | 290 | €52,077 | €29,652 | -€22,424 | -43.1% |
| Amounts receivable within one year | 40/41 | €58,582 | €71,725 | +€13,143 | +22.4% |
| Trade receivables | 40 | €4,250 | €1,119 | -€3,131 | -73.7% |
| Other amounts receivable | 41 | €54,332 | €70,606 | +€16,274 | +30.0% |
| Cash at bank and in hand | 54/58 | €1,104 | €3,901 | +€2,797 | +253% |
| Deferred charges and accrued income | 490/1 | €66 | €602 | +€536 | +815% |
| Total equity and liabilities | 10/49 | €214,327 | €209,688 | -€4,638 | -2.2% |
| Equity | 10/15 | -€54,651 | -€51,809 | +€2,842 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,364 | €16,364 | = | 0.0% |
| Distributable reserves | 133 | €16,364 | €16,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,615 | -€86,773 | +€2,842 | +3.2% |
| Amounts payable | 17/49 | €268,978 | €261,498 | -€7,480 | -2.8% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,978 | €11,498 | -€7,480 | -39.4% |
| Trade debts | 44 | €8,269 | €7,441 | -€828 | -10.0% |
| Suppliers | 440/4 | €8,269 | €7,441 | -€828 | -10.0% |
| Advances received on contracts in progress | 46 | €3,710 | €1,098 | -€2,613 | -70.4% |
| Taxes, remuneration and social security | 45 | €6,999 | €2,959 | -€4,040 | -57.7% |
| Taxes | 450/3 | €6,999 | €2,959 | -€4,040 | -57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,807 | €2,471 | -€1,336 | -35.1% |
| Other operating charges | 640/8 | €3,395 | €1,653 | -€1,743 | -51.3% |
| Non-recurring operating charges | 66A | €556 | - | -€556 | |
| Gross operating margin | 9900 | €19,311 | €17,923 | -€1,388 | -7.2% |
| Operating profit (loss) | 9901 | €11,553 | €13,800 | +€2,247 | +19.4% |
| Financial income | 75/76B | €3,407 | €3,530 | +€123 | +3.6% |
| Recurring financial income | 75 | €3,407 | €3,530 | +€123 | +3.6% |
| Financial charges | 65/66B | €15,162 | €14,229 | -€933 | -6.2% |
| Recurring financial charges | 65 | €15,162 | €14,229 | -€933 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€202 | €3,101 | +€3,303 | |
| Income taxes | 67/77 | €249 | €259 | +€10 | +4.0% |
| Profit (loss) for the period | 9904 | -€451 | €2,842 | +€3,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€451 | €2,842 | +€3,293 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.