Les Cloches: 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.
Les Cloches
Largest movements
- Receivables within one year +€31,507
up €31,507 (+43.0%), from €73,332 to €104,839
of which Other amounts receivable: +€26,748
- Tangible fixed assets -€10,052
down €10,052 (-18.0%), from €55,778 to €45,725
of which Plant, machinery and equipment: -€7,844
- Cash -€6,531
down €6,531 (-29.4%), from €22,239 to €15,708
mainly Receivables within one year (-€31,507) and Investment in fixed assets (net) (-€10,524)
- Stocks and contracts -€2,546
down €2,546 (-16.9%), from €15,039 to €12,493
- Accrued charges and deferred income +€8,212
up €8,212, from €0 to €8,212
- Trade debts +€7,854
up €7,854 (+15.4%), from €50,886 to €58,740
- Debts after one year -€6,980
down €6,980 (-49.4%), from €14,117 to €7,137
- Profit (loss) carried forward +€5,441
up €5,441 (+10.2%), from -€53,305 to -€47,864
- Current portion of long-term debt -€4,026
down €4,026 (-36.6%), from €11,006 to €6,980
- Staff costs -€23,746
down €23,746 (-10.6%), from €223,293 to €199,547
- Gross operating margin -€16,242
down €16,242 (-6.4%), from €255,328 to €239,085
- Financial charges +€4,931
up €4,931 (+103%), from €4,793 to €9,724
- Other operating charges +€4,847
up €4,847 (+199%), from €2,433 to €7,280
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 | €171,194 | €182,008 | +€10,814 | +6.3% |
| Fixed assets | 21/28 | €55,778 | €45,725 | -€10,052 | -18.0% |
| Tangible fixed assets | 22/27 | €55,778 | €45,725 | -€10,052 | -18.0% |
| Land and buildings | 22 | €552 | €48 | -€504 | -91.3% |
| Plant, machinery and equipment | 23 | €35,277 | €27,433 | -€7,844 | -22.2% |
| Furniture and vehicles | 24 | €19,948 | €14,340 | -€5,608 | -28.1% |
| Other tangible fixed assets | 26 | - | €3,904 | +€3,904 | |
| Current assets | 29/58 | €115,417 | €136,283 | +€20,866 | +18.1% |
| Stocks and contracts in progress | 3 | €15,039 | €12,493 | -€2,546 | -16.9% |
| Stocks | 30/36 | €15,039 | €12,493 | -€2,546 | -16.9% |
| Amounts receivable within one year | 40/41 | €73,332 | €104,839 | +€31,507 | +43.0% |
| Trade receivables | 40 | €474 | €5,232 | +€4,758 | +1,004% |
| Other amounts receivable | 41 | €72,858 | €99,607 | +€26,748 | +36.7% |
| Cash at bank and in hand | 54/58 | €22,239 | €15,708 | -€6,531 | -29.4% |
| Deferred charges and accrued income | 490/1 | €4,806 | €3,242 | -€1,564 | -32.5% |
| Total equity and liabilities | 10/49 | €171,194 | €182,008 | +€10,814 | +6.3% |
| Equity | 10/15 | €38,939 | €44,380 | +€5,441 | +14.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €72,244 | €72,244 | = | 0.0% |
| Distributable reserves | 133 | €72,244 | €72,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,305 | -€47,864 | +€5,441 | +10.2% |
| Amounts payable | 17/49 | €132,255 | €137,628 | +€5,373 | +4.1% |
| Amounts payable after more than one year | 17 | €14,117 | €7,137 | -€6,980 | -49.4% |
| Financial debts | 170/4 | €14,117 | €7,137 | -€6,980 | -49.4% |
| Amounts payable within one year | 42/48 | €118,137 | €122,279 | +€4,142 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €11,006 | €6,980 | -€4,026 | -36.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €50,886 | €58,740 | +€7,854 | +15.4% |
| Suppliers | 440/4 | €50,886 | €58,740 | +€7,854 | +15.4% |
| Advances received on contracts in progress | 46 | €474 | €0 | -€474 | -100% |
| Taxes, remuneration and social security | 45 | €55,772 | €56,559 | +€787 | +1.4% |
| Taxes | 450/3 | €23,736 | €26,399 | +€2,663 | +11.2% |
| Remuneration and social security | 454/9 | €32,036 | €30,160 | -€1,876 | -5.9% |
| Accrued charges and deferred income | 492/3 | €0 | €8,212 | +€8,212 | |
| Remuneration, social security and pensions | 62 | €223,293 | €199,547 | -€23,746 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,735 | €20,576 | +€840 | +4.3% |
| Other operating charges | 640/8 | €2,433 | €7,280 | +€4,847 | +199% |
| Gross operating margin | 9900 | €255,328 | €239,085 | -€16,242 | -6.4% |
| Operating profit (loss) | 9901 | €9,867 | €11,683 | +€1,816 | +18.4% |
| Financial income | 75/76B | €3,654 | €3,731 | +€77 | +2.1% |
| Recurring financial income | 75 | €3,654 | €3,731 | +€77 | +2.1% |
| Financial charges | 65/66B | €4,793 | €9,724 | +€4,931 | +103% |
| Recurring financial charges | 65 | €4,793 | €9,724 | +€4,931 | +103% |
| Profit (loss) for the period before taxes | 9903 | €8,728 | €5,690 | -€3,038 | -34.8% |
| Income taxes | 67/77 | €159 | €249 | +€91 | +57.1% |
| Profit (loss) for the period | 9904 | €8,569 | €5,441 | -€3,128 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,569 | €5,441 | -€3,128 | -36.5% |
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 24 October 2026 via checked.be.