c-clima: 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.
c-clima
Largest movements
- Intangible fixed assets +€31,514
new in 2025: €31,514
- Financial fixed assets +€30,800
up €30,800 (+302.0%), from €10,200 to €41,000
- Receivables within one year -€27,835
down €27,835 (-26.7%), from €104,113 to €76,279
of which Trade receivables: -€18,578
- Tangible fixed assets -€20,075
down €20,075 (-12.0%), from €166,728 to €146,653
- Short-term financial debts +€50,000
new in 2025: €50,000
- Revaluation surpluses +€38,000
new in 2025: €38,000
- Reserves -€37,204
down €37,204 (-80.9%), from €45,977 to €8,774
of which Distributable reserves: -€37,204
- Current portion of long-term debt -€31,334
down €31,334 (-53.6%), from €58,418 to €27,084
- Debts after one year -€27,084
down €27,084 (-13.5%), from €201,107 to €174,022
- Gross operating margin -€47,718
down €47,718 (-71.2%), from €67,018 to €19,300
- Financial charges -€37,815
down €37,815 (-79.1%), from €47,822 to €10,007
of which Non-recurring financial charges: -€41,670
- Depreciation -€3,464
down €3,464 (-14.0%), from €24,671 to €21,207
- Other operating charges -€2,135
down €2,135 (-55.0%), from €3,882 to €1,747
- Financial income +€1,610
new in 2025: €1,610
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €310,741 | €323,809 | +€13,069 | +4.2% |
| Formation expenses | 20 | €12,261 | €11,146 | -€1,115 | -9.1% |
| Fixed assets | 21/28 | €176,928 | €219,167 | +€42,239 | +23.9% |
| Intangible fixed assets | 21 | - | €31,514 | +€31,514 | |
| Tangible fixed assets | 22/27 | €166,728 | €146,653 | -€20,075 | -12.0% |
| Land and buildings | 22 | €166,728 | €146,653 | -€20,075 | -12.0% |
| Financial fixed assets | 28 | €10,200 | €41,000 | +€30,800 | +302.0% |
| Current assets | 29/58 | €121,552 | €93,496 | -€28,056 | -23.1% |
| Amounts receivable within one year | 40/41 | €104,113 | €76,279 | -€27,835 | -26.7% |
| Trade receivables | 40 | €27,778 | €9,200 | -€18,578 | -66.9% |
| Other amounts receivable | 41 | €76,336 | €67,079 | -€9,257 | -12.1% |
| Cash at bank and in hand | 54/58 | €17,439 | €17,218 | -€221 | -1.3% |
| Total equity and liabilities | 10/49 | €310,741 | €323,809 | +€13,069 | +4.2% |
| Equity | 10/15 | €33,225 | €59,174 | +€25,949 | +78.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | - | €38,000 | +€38,000 | |
| Reserves | 13 | €45,977 | €8,774 | -€37,204 | -80.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,117 | €6,914 | -€37,204 | -84.3% |
| Profit (loss) carried forward | 14 | -€25,152 | - | +€25,152 | |
| Amounts payable | 17/49 | €277,515 | €264,636 | -€12,880 | -4.6% |
| Amounts payable after more than one year | 17 | €201,107 | €174,022 | -€27,084 | -13.5% |
| Financial debts | 170/4 | €201,107 | €174,022 | -€27,084 | -13.5% |
| Amounts payable within one year | 42/48 | €76,409 | €90,613 | +€14,204 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €58,418 | €27,084 | -€31,334 | -53.6% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Other loans | 439 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €15,207 | €7,699 | -€7,508 | -49.4% |
| Suppliers | 440/4 | €15,207 | €7,699 | -€7,508 | -49.4% |
| Taxes, remuneration and social security | 45 | €2,476 | €4,446 | +€1,970 | +79.6% |
| Taxes | 450/3 | €2,476 | €4,446 | +€1,970 | +79.6% |
| Other amounts payable | 47/48 | €308 | €1,384 | +€1,075 | +348.9% |
| Non-recurring operating income | 76A | €65,481 | - | -€65,481 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,671 | €21,207 | -€3,464 | -14.0% |
| Other operating charges | 640/8 | €3,882 | €1,747 | -€2,135 | -55.0% |
| Gross operating margin | 9900 | €67,018 | €19,300 | -€47,718 | -71.2% |
| Operating profit (loss) | 9901 | €38,465 | -€3,654 | -€42,119 | |
| Financial income | 75/76B | - | €1,610 | +€1,610 | |
| Recurring financial income | 75 | - | €1,610 | +€1,610 | |
| Financial charges | 65/66B | €47,822 | €10,007 | -€37,815 | -79.1% |
| Recurring financial charges | 65 | €6,152 | €10,007 | +€3,855 | +62.7% |
| Non-recurring financial charges | 66B | €41,670 | - | -€41,670 | |
| Profit (loss) for the period before taxes | 9903 | -€9,357 | -€12,051 | -€2,694 | -28.8% |
| Income taxes | 67/77 | €72 | - | -€72 | |
| Profit (loss) for the period | 9904 | -€9,429 | -€12,051 | -€2,622 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,429 | -€12,051 | -€2,622 | -27.8% |
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 12 October 2026 via checked.be.