CL PROJECTS: 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.
CL PROJECTS
Largest movements
- Receivables within one year +€7,355
up €7,355 (+64.2%), from €11,452 to €18,807
of which Trade receivables: +€4,638
- Stocks and contracts +€4,871
up €4,871 (+1.7%), from €282,656 to €287,527
- Cash +€4,406
up €4,406 (+91.8%), from €4,802 to €9,207
mainly Debts after one year (+€40,000) and Net result for the year (+€30,492)
- Trade debts -€47,630
down €47,630 (-31.6%), from €150,758 to €103,128
- Debts after one year +€40,000
new in 2025: €40,000
- Reserves +€30,000
up €30,000 (+37.5%), from €80,000 to €110,000
- Other debts -€9,175
down €9,175 (-39.3%), from €23,353 to €14,178
- Gross operating margin -€4,037
down €4,037 (-3.5%), from €115,120 to €111,083
- Depreciation -€1,500
down €1,500 (-43.1%), from €3,479 to €1,979
- Staff costs +€1,454
up €1,454 (+2.4%), from €59,994 to €61,448
- Taxes -€1,383
down €1,383 (-8.4%), from €16,517 to €15,134
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 | €326,610 | €340,517 | +€13,906 | +4.3% |
| Fixed assets | 21/28 | €25,172 | €23,192 | -€1,979 | -7.9% |
| Tangible fixed assets | 22/27 | €4,172 | €2,192 | -€1,979 | -47.4% |
| Plant, machinery and equipment | 23 | €1,342 | €854 | -€488 | -36.4% |
| Furniture and vehicles | 24 | €1,318 | €258 | -€1,060 | -80.4% |
| Other tangible fixed assets | 26 | €1,511 | €1,080 | -€431 | -28.5% |
| Financial fixed assets | 28 | €21,000 | €21,000 | = | 0.0% |
| Current assets | 29/58 | €301,439 | €317,324 | +€15,885 | +5.3% |
| Stocks and contracts in progress | 3 | €282,656 | €287,527 | +€4,871 | +1.7% |
| Stocks | 30/36 | €282,656 | €287,527 | +€4,871 | +1.7% |
| Amounts receivable within one year | 40/41 | €11,452 | €18,807 | +€7,355 | +64.2% |
| Trade receivables | 40 | €11,452 | €16,089 | +€4,638 | +40.5% |
| Other amounts receivable | 41 | - | €2,717 | +€2,717 | |
| Cash at bank and in hand | 54/58 | €4,802 | €9,207 | +€4,406 | +91.8% |
| Deferred charges and accrued income | 490/1 | €2,529 | €1,783 | -€746 | -29.5% |
| Total equity and liabilities | 10/49 | €326,610 | €340,517 | +€13,906 | +4.3% |
| Equity | 10/15 | €112,755 | €143,247 | +€30,492 | +27.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €110,000 | +€30,000 | +37.5% |
| Distributable reserves | 133 | €80,000 | €110,000 | +€30,000 | +37.5% |
| Profit (loss) carried forward | 14 | €7,755 | €8,247 | +€492 | +6.3% |
| Amounts payable | 17/49 | €213,855 | €197,270 | -€16,586 | -7.8% |
| Amounts payable after more than one year | 17 | - | €40,000 | +€40,000 | |
| Other amounts payable | 178/9 | - | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €213,855 | €157,270 | -€56,586 | -26.5% |
| Financial debts | 43 | €3,386 | €5,056 | +€1,670 | +49.3% |
| Credit institutions | 430/8 | €3,386 | €5,056 | +€1,670 | +49.3% |
| Trade debts | 44 | €150,758 | €103,128 | -€47,630 | -31.6% |
| Suppliers | 440/4 | €150,758 | €103,128 | -€47,630 | -31.6% |
| Taxes, remuneration and social security | 45 | €36,358 | €34,907 | -€1,451 | -4.0% |
| Taxes | 450/3 | €26,150 | €25,602 | -€548 | -2.1% |
| Remuneration and social security | 454/9 | €10,207 | €9,305 | -€902 | -8.8% |
| Other amounts payable | 47/48 | €23,353 | €14,178 | -€9,175 | -39.3% |
| Non-recurring operating income | 76A | €2,593 | €15,237 | +€12,643 | +487% |
| Remuneration, social security and pensions | 62 | €59,994 | €61,448 | +€1,454 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,479 | €1,979 | -€1,500 | -43.1% |
| Other operating charges | 640/8 | €1,238 | €988 | -€250 | -20.2% |
| Non-recurring operating charges | 66A | - | €1,310 | +€1,310 | |
| Gross operating margin | 9900 | €115,120 | €111,083 | -€4,037 | -3.5% |
| Operating profit (loss) | 9901 | €50,408 | €45,358 | -€5,051 | -10.0% |
| Financial income | 75/76B | €1,311 | €1,411 | +€101 | +7.7% |
| Recurring financial income | 75 | €1,311 | €1,411 | +€101 | +7.7% |
| Financial charges | 65/66B | €2,064 | €1,144 | -€921 | -44.6% |
| Recurring financial charges | 65 | €2,064 | €1,144 | -€921 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €49,654 | €45,625 | -€4,029 | -8.1% |
| Income taxes | 67/77 | €16,517 | €15,134 | -€1,383 | -8.4% |
| Profit (loss) for the period | 9904 | €33,138 | €30,492 | -€2,646 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,138 | €30,492 | -€2,646 | -8.0% |
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 20 October 2026 via checked.be.