C.L.I.P.: 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.L.I.P.
Largest movements
- Cash +€65,668
up €65,668 (+236%), from €27,845 to €93,513
mainly Net result for the year (+€74,337) and Depreciation (+€4,461)
- Reserves +€74,337
up €74,337 (+11.5%), from €645,162 to €719,498
- Other debts -€10,573
down €10,573 (-100%), from €10,573 to €0
- Financial income -€18,857
down €18,857 (-76.9%), from €24,523 to €5,666
- Gross operating margin -€17,347
down €17,347 (-14.4%), from €120,247 to €102,900
- Taxes -€11,236
down €11,236 (-28.4%), from €39,583 to €28,348
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 | €693,287 | €761,232 | +€67,946 | +9.8% |
| Fixed assets | 21/28 | €17,649 | €16,042 | -€1,607 | -9.1% |
| Tangible fixed assets | 22/27 | €17,649 | €16,042 | -€1,607 | -9.1% |
| Furniture and vehicles | 24 | €11,362 | €10,960 | -€402 | -3.5% |
| Other tangible fixed assets | 26 | €6,287 | €5,081 | -€1,206 | -19.2% |
| Current assets | 29/58 | €675,638 | €745,191 | +€69,553 | +10.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €13,290 | €14,289 | +€999 | +7.5% |
| Trade receivables | 40 | €13,290 | €12,418 | -€871 | -6.6% |
| Other amounts receivable | 41 | - | €1,870 | +€1,870 | |
| Current investments | 50/53 | €630,677 | €633,212 | +€2,536 | +0.4% |
| Cash at bank and in hand | 54/58 | €27,845 | €93,513 | +€65,668 | +236% |
| Deferred charges and accrued income | 490/1 | €3,827 | €4,177 | +€351 | +9.2% |
| Total equity and liabilities | 10/49 | €693,287 | €761,232 | +€67,946 | +9.8% |
| Equity | 10/15 | €663,762 | €738,098 | +€74,337 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €645,162 | €719,498 | +€74,337 | +11.5% |
| Distributable reserves | 133 | €645,162 | €719,498 | +€74,337 | +11.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,525 | €23,134 | -€6,391 | -21.6% |
| Amounts payable within one year | 42/48 | €28,181 | €21,615 | -€6,566 | -23.3% |
| Financial debts | 43 | €12 | €281 | +€269 | +2,245% |
| Credit institutions | 430/8 | €12 | €281 | +€269 | +2,245% |
| Trade debts | 44 | €1,716 | €3,346 | +€1,629 | +94.9% |
| Suppliers | 440/4 | €1,716 | €3,346 | +€1,629 | +94.9% |
| Taxes, remuneration and social security | 45 | €15,879 | €17,988 | +€2,109 | +13.3% |
| Taxes | 450/3 | €12,929 | €15,038 | +€2,109 | +16.3% |
| Remuneration and social security | 454/9 | €2,950 | €2,950 | = | 0.0% |
| Other amounts payable | 47/48 | €10,573 | €0 | -€10,573 | -100% |
| Accrued charges and deferred income | 492/3 | €1,344 | €1,519 | +€175 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,754 | €4,461 | -€293 | -6.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €120,247 | €102,900 | -€17,347 | -14.4% |
| Operating profit (loss) | 9901 | €115,105 | €98,039 | -€17,066 | -14.8% |
| Financial income | 75/76B | €24,523 | €5,666 | -€18,857 | -76.9% |
| Recurring financial income | 75 | €24,523 | €5,666 | -€18,857 | -76.9% |
| Financial charges | 65/66B | €1,476 | €1,021 | -€454 | -30.8% |
| Recurring financial charges | 65 | €1,476 | €1,021 | -€454 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €138,153 | €102,684 | -€35,468 | -25.7% |
| Income taxes | 67/77 | €39,583 | €28,348 | -€11,236 | -28.4% |
| Profit (loss) for the period | 9904 | €98,569 | €74,337 | -€24,233 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,569 | €74,337 | -€24,233 | -24.6% |
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 30 October 2026 via checked.be.