Clair de lune: 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.
Clair de lune
Largest movements
- Cash +€31,541
up €31,541 (+83.0%), from €37,986 to €69,527
mainly Net result for the year (+€27,292) and Depreciation (+€14,209)
- Tangible fixed assets -€4,683
down €4,683 (-6.9%), from €68,090 to €63,407
of which Land and buildings: -€5,769
- Reserves +€27,292
up €27,292 (+572.7%), from €4,765 to €32,057
- Debts after one year -€8,208
down €8,208 (-14.3%), from €57,276 to €49,068
- Tax, wage and social debts +€6,174
up €6,174 (+36.6%), from €16,847 to €23,021
of which Taxes: +€6,174
- Other debts +€2,749
up €2,749 (+51.9%), from €5,298 to €8,047
- Depreciation -€8,112
down €8,112 (-36.3%), from €22,321 to €14,209
- Taxes +€6,175
up €6,175 (+182.6%), from €3,381 to €9,556
- Gross operating margin +€5,429
up €5,429 (+10.6%), from €51,036 to €56,465
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 | €114,144 | €141,033 | +€26,889 | +23.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €68,090 | €63,407 | -€4,683 | -6.9% |
| Tangible fixed assets | 22/27 | €68,090 | €63,407 | -€4,683 | -6.9% |
| Land and buildings | 22 | €55,937 | €50,168 | -€5,769 | -10.3% |
| Plant, machinery and equipment | 23 | €5,113 | €12,299 | +€7,186 | +140.5% |
| Furniture and vehicles | 24 | €1,029 | €541 | -€489 | -47.5% |
| Leasing and similar rights | 25 | €6,011 | €400 | -€5,612 | -93.4% |
| Current assets | 29/58 | €46,054 | €77,626 | +€31,572 | +68.6% |
| Stocks and contracts in progress | 3 | €7,269 | €7,001 | -€268 | -3.7% |
| Stocks | 30/36 | €7,269 | €7,001 | -€268 | -3.7% |
| Amounts receivable within one year | 40/41 | €754 | €812 | +€58 | +7.7% |
| Trade receivables | 40 | €454 | €350 | -€104 | -23.0% |
| Other amounts receivable | 41 | €300 | €462 | +€163 | +54.2% |
| Cash at bank and in hand | 54/58 | €37,986 | €69,527 | +€31,541 | +83.0% |
| Deferred charges and accrued income | 490/1 | €45 | €287 | +€242 | +540.7% |
| Total equity and liabilities | 10/49 | €114,144 | €141,033 | +€26,889 | +23.6% |
| Equity | 10/15 | €14,765 | €42,057 | +€27,292 | +184.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €4,765 | €32,057 | +€27,292 | +572.7% |
| Distributable reserves | 133 | €4,765 | €32,057 | +€27,292 | +572.7% |
| Amounts payable | 17/49 | €99,379 | €98,976 | -€403 | -0.4% |
| Amounts payable after more than one year | 17 | €57,276 | €49,068 | -€8,208 | -14.3% |
| Financial debts | 170/4 | €57,276 | €49,068 | -€8,208 | -14.3% |
| Amounts payable within one year | 42/48 | €42,103 | €49,908 | +€7,806 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €8,813 | €8,208 | -€604 | -6.9% |
| Trade debts | 44 | €11,146 | €10,633 | -€513 | -4.6% |
| Suppliers | 440/4 | €11,146 | €10,633 | -€513 | -4.6% |
| Taxes, remuneration and social security | 45 | €16,847 | €23,021 | +€6,174 | +36.6% |
| Taxes | 450/3 | €12,847 | €19,021 | +€6,174 | +48.1% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €5,298 | €8,047 | +€2,749 | +51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,321 | €14,209 | -€8,112 | -36.3% |
| Other operating charges | 640/8 | €2,661 | €2,406 | -€255 | -9.6% |
| Gross operating margin | 9900 | €51,036 | €56,465 | +€5,429 | +10.6% |
| Operating profit (loss) | 9901 | €26,054 | €39,849 | +€13,795 | +52.9% |
| Financial income | 75/76B | - | €224 | +€224 | |
| Recurring financial income | 75 | - | €224 | +€224 | |
| Financial charges | 65/66B | €3,479 | €3,225 | -€254 | -7.3% |
| Recurring financial charges | 65 | €3,479 | €3,225 | -€254 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €22,575 | €36,848 | +€14,273 | +63.2% |
| Income taxes | 67/77 | €3,381 | €9,556 | +€6,175 | +182.6% |
| Profit (loss) for the period | 9904 | €19,194 | €27,292 | +€8,098 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,194 | €27,292 | +€8,098 | +42.2% |
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 6 October 2026 via checked.be.