PROJECT CLG: 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
PROJECT CLG
NACE 47.530, Retail trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€58,537
2024 · €28,581+€29,956
Equity
€622,026
2024 · €593,489+€28,537
Cash
€61,337
2024 · €89,084-€27,747
Balance sheet total
€2.0m
2024 · €2.1m-€73,114
Largest movements
Assets
- Tangible fixed assets -€73,009
down €73,009 (-6.1%), from €1.2m to €1.1m
of which Land and buildings: -€44,816
- Cash -€27,747
down €27,747 (-31.1%), from €89,084 to €61,337
mainly Debts after one year (-€76,748) and Contributions, distributions and other (-€30,000)
Equity and liabilities
- Debts after one year -€76,748
down €76,748 (-18.0%), from €425,244 to €348,495
- Other debts +€31,958
up €31,958 (+112.9%), from €28,316 to €60,274
- Profit (loss) carried forward +€28,537
up €28,537 (+8.0%), from €357,792 to €386,329
- Trade debts -€22,388
down €22,388 (-20.9%), from €106,984 to €84,596
Income statement
- Gross operating margin +€29,862
up €29,862 (+9.7%), from €306,639 to €336,501
- Taxes +€8,344
up €8,344 (+54.3%), from €15,379 to €23,723
- Other operating charges +€7,186
up €7,186 (+87.1%), from €8,251 to €15,436
- Depreciation -€5,357
down €5,357 (-5.4%), from €99,056 to €93,700
- Provisions -€5,343
down €5,343, from €1,701 to -€3,641
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.
Result 2024
€28,581
Gross operating margin
+€29,862
Staff costs
+€1,985
Depreciation
+€5,357
Provisions
+€5,343
Other operating charges
-€7,186
Other operating items
-€344
Financial income
+€724
Financial charges
+€2,558
Taxes
-€8,344
Result 2025
€58,537
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.
From operations
+€120,366
Investment
-€32,690
Financing
-€115,422
Cash 2024
€89,084
From operations (derived)
+€120,366
Net result for the year
+€58,537
Depreciation
+€93,700
Stocks and contracts
-€7,438
Receivables within one year
-€7,052
Deferred charges and accrued income
-€1,151
Provisions
-€17,629
Trade debts
-€22,388
Tax, wage and social debts
+€4,661
Advances received
-€12,945
Other debts
+€31,958
Accrued charges and deferred income
+€114
Investment (derived)
-€32,690
Investment in fixed assets (net)
-€20,690
Current investments
-€12,000
Financing
-€115,422
Debts after one year
-€76,748
Current portion of long-term debt
-€8,674
Contributions, distributions and other
-€30,000
Cash 2025
€61,337
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,076,296 | €2,003,181 | -€73,114 | -3.5% |
| Fixed assets | 21/28 | €1,710,793 | €1,637,784 | -€73,009 | -4.3% |
| Tangible fixed assets | 22/27 | €1,204,345 | €1,131,336 | -€73,009 | -6.1% |
| Land and buildings | 22 | €1,006,973 | €962,157 | -€44,816 | -4.5% |
| Plant, machinery and equipment | 23 | €644 | €2,892 | +€2,248 | +349.1% |
| Furniture and vehicles | 24 | €98,419 | €71,457 | -€26,961 | -27.4% |
| Other tangible fixed assets | 26 | €98,310 | €94,830 | -€3,480 | -3.5% |
| Financial fixed assets | 28 | €506,448 | €506,448 | = | 0.0% |
| Current assets | 29/58 | €365,503 | €365,398 | -€105 | 0.0% |
| Stocks and contracts in progress | 3 | €141,626 | €149,064 | +€7,438 | +5.3% |
| Stocks | 30/36 | €74,470 | €76,416 | +€1,947 | +2.6% |
| Contracts in progress | 37 | €67,157 | €72,648 | +€5,491 | +8.2% |
| Amounts receivable within one year | 40/41 | €56,456 | €63,508 | +€7,052 | +12.5% |
| Trade receivables | 40 | €55,602 | €41,657 | -€13,945 | -25.1% |
| Other amounts receivable | 41 | €853 | €21,851 | +€20,998 | +2460.6% |
| Current investments | 50/53 | €59,000 | €70,999 | +€12,000 | +20.3% |
| Cash at bank and in hand | 54/58 | €89,084 | €61,337 | -€27,747 | -31.1% |
| Deferred charges and accrued income | 490/1 | €19,337 | €20,489 | +€1,151 | +6.0% |
| Total equity and liabilities | 10/49 | €2,076,296 | €2,003,181 | -€73,114 | -3.5% |
| Equity | 10/15 | €593,489 | €622,026 | +€28,537 | +4.8% |
| Contributions | 10/11 | €164,663 | €164,663 | = | 0.0% |
| Reserves | 13 | €71,034 | €71,034 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,196 | €44,196 | = | 0.0% |
| Distributable reserves | 133 | €26,838 | €26,838 | = | 0.0% |
| Profit (loss) carried forward | 14 | €357,792 | €386,329 | +€28,537 | +8.0% |
| Provisions and deferred taxes | 16 | €640,538 | €622,909 | -€17,629 | -2.8% |
| Provisions for liabilities and charges | 160/5 | €640,538 | €622,909 | -€17,629 | -2.8% |
| Pensions and similar obligations | 160 | €53,418 | €53,418 | = | 0.0% |
| Major repairs and maintenance | 162 | €45,864 | €34,932 | -€10,932 | -23.8% |
| Other liabilities and charges | 164/5 | €541,257 | €534,559 | -€6,697 | -1.2% |
| Amounts payable | 17/49 | €842,269 | €758,247 | -€84,022 | -10.0% |
| Amounts payable after more than one year | 17 | €425,244 | €348,495 | -€76,748 | -18.0% |
| Financial debts | 170/4 | €425,244 | €348,495 | -€76,748 | -18.0% |
| Amounts payable within one year | 42/48 | €415,705 | €408,317 | -€7,387 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €85,422 | €76,748 | -€8,674 | -10.2% |
| Trade debts | 44 | €106,984 | €84,596 | -€22,388 | -20.9% |
| Suppliers | 440/4 | €106,984 | €84,596 | -€22,388 | -20.9% |
| Advances received on contracts in progress | 46 | €145,049 | €132,104 | -€12,945 | -8.9% |
| Taxes, remuneration and social security | 45 | €49,934 | €54,595 | +€4,661 | +9.3% |
| Taxes | 450/3 | €39,051 | €46,274 | +€7,223 | +18.5% |
| Remuneration and social security | 454/9 | €10,883 | €8,322 | -€2,561 | -23.5% |
| Other amounts payable | 47/48 | €28,316 | €60,274 | +€31,958 | +112.9% |
| Accrued charges and deferred income | 492/3 | €1,321 | €1,434 | +€114 | +8.6% |
| Remuneration, social security and pensions | 62 | €94,429 | €92,443 | -€1,985 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,056 | €93,700 | -€5,357 | -5.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,701 | -€3,641 | -€5,343 | |
| Other operating charges | 640/8 | €8,251 | €15,436 | +€7,186 | +87.1% |
| Non-recurring operating charges | 66A | €1,698 | €2,042 | +€344 | +20.2% |
| Gross operating margin | 9900 | €306,639 | €336,501 | +€29,862 | +9.7% |
| Operating profit (loss) | 9901 | €101,504 | €136,521 | +€35,017 | +34.5% |
| Financial income | 75/76B | €51 | €775 | +€724 | +1433.1% |
| Recurring financial income | 75 | €51 | €775 | +€724 | +1433.1% |
| Financial charges | 65/66B | €57,594 | €55,036 | -€2,558 | -4.4% |
| Recurring financial charges | 65 | €57,594 | €55,036 | -€2,558 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €43,961 | €82,260 | +€38,299 | +87.1% |
| Income taxes | 67/77 | €15,379 | €23,723 | +€8,344 | +54.3% |
| Profit (loss) for the period | 9904 | €28,581 | €58,537 | +€29,956 | +104.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,581 | €58,537 | +€29,956 | +104.8% |
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.