CLE DE VOUTE: 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.
CLE DE VOUTE
Largest movements
- Current investments +€85,114
new in 2025: €85,114
- Receivables within one year -€62,624
down €62,624 (-80.7%), from €77,624 to €15,000
of which Trade receivables: -€41,947
- Cash +€29,729
up €29,729 (+12.8%), from €232,775 to €262,503
mainly Net result for the year (+€67,651) and Receivables within one year (+€62,624)
- Financial fixed assets -€24,962
down €24,962 (-25.5%), from €97,923 to €72,961
- Tangible fixed assets -€12,733
down €12,733 (-33.3%), from €38,250 to €25,517
of which Furniture and vehicles: -€10,162
- Reserves +€47,651
up €47,651 (+26.5%), from €179,614 to €227,265
of which Distributable reserves: +€45,791
- Other debts -€22,528
down €22,528 (-38.0%), from €59,242 to €36,714
- Tax, wage and social debts -€11,748
down €11,748 (-55.2%), from €21,281 to €9,534
- Other operating charges -€9,305
down €9,305 (-67.4%), from €13,803 to €4,498
- Financial charges +€5,159
up €5,159 (+9869.5%), from €52 to €5,211
- Taxes +€4,508
up €4,508 (+20.5%), from €22,012 to €26,520
- Gross operating margin -€3,982
down €3,982 (-3.4%), from €118,593 to €114,611
- Financial income +€2,625
up €2,625 (+526.3%), from €499 to €3,124
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 | €452,283 | €467,799 | +€15,516 | +3.4% |
| Fixed assets | 21/28 | €136,173 | €98,479 | -€37,695 | -27.7% |
| Tangible fixed assets | 22/27 | €38,250 | €25,517 | -€12,733 | -33.3% |
| Land and buildings | 22 | €10,606 | €8,364 | -€2,242 | -21.1% |
| Plant, machinery and equipment | 23 | €2,461 | €2,132 | -€328 | -13.3% |
| Furniture and vehicles | 24 | €25,184 | €15,021 | -€10,162 | -40.4% |
| Financial fixed assets | 28 | €97,923 | €72,961 | -€24,962 | -25.5% |
| Current assets | 29/58 | €316,110 | €369,320 | +€53,211 | +16.8% |
| Amounts receivable within one year | 40/41 | €77,624 | €15,000 | -€62,624 | -80.7% |
| Trade receivables | 40 | €41,947 | - | -€41,947 | |
| Other amounts receivable | 41 | €35,677 | €15,000 | -€20,677 | -58.0% |
| Current investments | 50/53 | - | €85,114 | +€85,114 | |
| Cash at bank and in hand | 54/58 | €232,775 | €262,503 | +€29,729 | +12.8% |
| Deferred charges and accrued income | 490/1 | €5,711 | €6,703 | +€992 | +17.4% |
| Total equity and liabilities | 10/49 | €452,283 | €467,799 | +€15,516 | +3.4% |
| Equity | 10/15 | €371,215 | €418,368 | +€47,153 | +12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €179,614 | €227,265 | +€47,651 | +26.5% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €179,614 | €225,405 | +€45,791 | +25.5% |
| Profit (loss) carried forward | 14 | €183,955 | €183,955 | = | 0.0% |
| Investment grants | 15 | €1,446 | €947 | -€498 | -34.5% |
| Amounts payable | 17/49 | €81,068 | €49,431 | -€31,637 | -39.0% |
| Amounts payable within one year | 42/48 | €81,068 | €49,431 | -€31,637 | -39.0% |
| Trade debts | 44 | €545 | €3,184 | +€2,639 | +484.6% |
| Suppliers | 440/4 | €545 | €3,184 | +€2,639 | +484.6% |
| Taxes, remuneration and social security | 45 | €21,281 | €9,534 | -€11,748 | -55.2% |
| Taxes | 450/3 | €21,281 | €9,534 | -€11,748 | -55.2% |
| Other amounts payable | 47/48 | €59,242 | €36,714 | -€22,528 | -38.0% |
| Non-recurring operating income | 76A | €403 | - | -€403 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,534 | €13,854 | +€320 | +2.4% |
| Other operating charges | 640/8 | €13,803 | €4,498 | -€9,305 | -67.4% |
| Gross operating margin | 9900 | €118,593 | €114,611 | -€3,982 | -3.4% |
| Operating profit (loss) | 9901 | €91,256 | €96,258 | +€5,003 | +5.5% |
| Financial income | 75/76B | €499 | €3,124 | +€2,625 | +526.3% |
| Recurring financial income | 75 | €499 | €3,124 | +€2,625 | +526.3% |
| Financial charges | 65/66B | €52 | €5,211 | +€5,159 | +9869.5% |
| Recurring financial charges | 65 | €52 | €5,211 | +€5,159 | +9869.5% |
| Profit (loss) for the period before taxes | 9903 | €91,702 | €94,171 | +€2,469 | +2.7% |
| Income taxes | 67/77 | €22,012 | €26,520 | +€4,508 | +20.5% |
| Profit (loss) for the period | 9904 | €69,690 | €67,651 | -€2,039 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,690 | €67,651 | -€2,039 | -2.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.