Clé de Nord: 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.
Clé de Nord
Largest movements
- Financial fixed assets +€3,372
new in 2025: €3,372
- Receivables within one year -€2,541
down €2,541 (-31.6%), from €8,045 to €5,504
of which Other amounts receivable: -€4,731
- Cash +€1,914
up €1,914 (+19.3%), from €9,929 to €11,843
mainly Receivables within one year (+€2,541) and Net result for the year (+€2,293)
- Deferred charges and accrued income -€340
down €340 (-73.0%), from €466 to €126
- Profit (loss) carried forward +€2,293
up €2,293 (+58.2%), from €3,941 to €6,233
- Gross operating margin -€5,419
down €5,419 (-64.1%), from €8,448 to €3,029
- Other operating charges -€5,060
down €5,060 (-90.8%), from €5,574 to €514
- Purchases and services +€4,004
up €4,004 (+8.6%), from €46,548 to €50,551
- Financial charges -€1,729
down €1,729 (-88.6%), from €1,952 to €223
- Taxes -€443
no longer reported in 2025 (was €443)
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 | €24,696 | €26,842 | +€2,146 | +8.7% |
| Fixed assets | 21/28 | - | €3,372 | +€3,372 | |
| Financial fixed assets | 28 | - | €3,372 | +€3,372 | |
| Current assets | 29/58 | €24,696 | €23,470 | -€1,226 | -5.0% |
| Stocks and contracts in progress | 3 | €6,255 | €5,996 | -€259 | -4.1% |
| Stocks | 30/36 | €6,255 | €5,996 | -€259 | -4.1% |
| Amounts receivable within one year | 40/41 | €8,045 | €5,504 | -€2,541 | -31.6% |
| Trade receivables | 40 | €587 | €2,777 | +€2,190 | +373% |
| Other amounts receivable | 41 | €7,458 | €2,727 | -€4,731 | -63.4% |
| Cash at bank and in hand | 54/58 | €9,929 | €11,843 | +€1,914 | +19.3% |
| Deferred charges and accrued income | 490/1 | €466 | €126 | -€340 | -73.0% |
| Total equity and liabilities | 10/49 | €24,696 | €26,842 | +€2,146 | +8.7% |
| Equity | 10/15 | €22,541 | €24,833 | +€2,293 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,941 | €6,233 | +€2,293 | +58.2% |
| Amounts payable | 17/49 | €2,155 | €2,009 | -€146 | -6.8% |
| Amounts payable within one year | 42/48 | €2,155 | €2,009 | -€146 | -6.8% |
| Trade debts | 44 | €450 | €205 | -€245 | -54.4% |
| Suppliers | 440/4 | €450 | €205 | -€245 | -54.4% |
| Taxes, remuneration and social security | 45 | €1,705 | €1,804 | +€99 | +5.8% |
| Taxes | 450/3 | €1,705 | €1,804 | +€99 | +5.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €46,548 | €50,551 | +€4,004 | +8.6% |
| Other operating charges | 640/8 | €5,574 | €514 | -€5,060 | -90.8% |
| Gross operating margin | 9900 | €8,448 | €3,029 | -€5,419 | -64.1% |
| Operating profit (loss) | 9901 | €2,874 | €2,515 | -€359 | -12.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,952 | €223 | -€1,729 | -88.6% |
| Recurring financial charges | 65 | €1,952 | €223 | -€1,729 | -88.6% |
| Profit (loss) for the period before taxes | 9903 | €922 | €2,293 | +€1,370 | +149% |
| Income taxes | 67/77 | €443 | - | -€443 | |
| Profit (loss) for the period | 9904 | €479 | €2,293 | +€1,814 | +379% |
| Profit (loss) for the period to be appropriated | 9905 | €479 | €2,293 | +€1,814 | +379% |
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 25 October 2026 via checked.be.