Clear Europe: 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.
Clear Europe
Largest movements
- Current investments -€70,000
down €70,000 (-13.5%), from €520,000 to €450,000
- Cash +€29,466
up €29,466 (+51.6%), from €57,148 to €86,614
mainly Net result for the year (+€85,564) and Current investments (+€70,000)
- Receivables within one year +€7,870
up €7,870 (+13.3%), from €59,295 to €67,165
of which Trade receivables: +€7,870
- Reserves -€46,252
down €46,252 (-8.4%), from €553,120 to €506,868
of which Distributable reserves: -€44,936
- Trade debts +€22,622
up €22,622 (+138%), from €16,423 to €39,045
- Accrued charges and deferred income -€8,820
no longer reported in 2025 (was €8,820)
- Gross operating margin -€15,009
down €15,009 (-11.3%), from €133,398 to €118,389
- Financial income +€5,985
up €5,985 (+2,043%), from €293 to €6,278
- Taxes -€2,564
down €2,564 (-6.8%), from €37,887 to €35,323
- Financial charges -€2,238
down €2,238 (-78.4%), from €2,856 to €618
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 | €640,898 | €606,190 | -€34,708 | -5.4% |
| Fixed assets | 21/28 | €4,455 | €2,325 | -€2,130 | -47.8% |
| Tangible fixed assets | 22/27 | €4,455 | €2,325 | -€2,130 | -47.8% |
| Furniture and vehicles | 24 | €2,562 | €881 | -€1,681 | -65.6% |
| Other tangible fixed assets | 26 | €1,893 | €1,444 | -€449 | -23.7% |
| Current assets | 29/58 | €636,443 | €603,865 | -€32,578 | -5.1% |
| Amounts receivable within one year | 40/41 | €59,295 | €67,165 | +€7,870 | +13.3% |
| Trade receivables | 40 | €58,413 | €66,283 | +€7,870 | +13.5% |
| Other amounts receivable | 41 | €882 | €882 | = | 0.0% |
| Current investments | 50/53 | €520,000 | €450,000 | -€70,000 | -13.5% |
| Cash at bank and in hand | 54/58 | €57,148 | €86,614 | +€29,466 | +51.6% |
| Deferred charges and accrued income | 490/1 | - | €86 | +€86 | |
| Total equity and liabilities | 10/49 | €640,898 | €606,190 | -€34,708 | -5.4% |
| Equity | 10/15 | €565,520 | €519,268 | -€46,252 | -8.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €553,120 | €506,868 | -€46,252 | -8.4% |
| Non-distributable reserves | 130/1 | €1,855 | €539 | -€1,316 | -70.9% |
| Reserves not available under the articles | 1311 | €1,855 | €539 | -€1,316 | -70.9% |
| Distributable reserves | 133 | €551,265 | €506,329 | -€44,936 | -8.2% |
| Amounts payable | 17/49 | €75,378 | €86,922 | +€11,544 | +15.3% |
| Amounts payable within one year | 42/48 | €66,558 | €86,922 | +€20,364 | +30.6% |
| Trade debts | 44 | €16,423 | €39,045 | +€22,622 | +138% |
| Suppliers | 440/4 | €16,423 | €39,045 | +€22,622 | +138% |
| Taxes, remuneration and social security | 45 | €25,314 | €26,984 | +€1,670 | +6.6% |
| Taxes | 450/3 | €25,132 | €26,619 | +€1,487 | +5.9% |
| Remuneration and social security | 454/9 | €182 | €365 | +€183 | +101% |
| Other amounts payable | 47/48 | €24,821 | €20,893 | -€3,928 | -15.8% |
| Accrued charges and deferred income | 492/3 | €8,820 | - | -€8,820 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,845 | €2,130 | -€715 | -25.1% |
| Other operating charges | 640/8 | €727 | €1,032 | +€305 | +42.0% |
| Gross operating margin | 9900 | €133,398 | €118,389 | -€15,009 | -11.3% |
| Operating profit (loss) | 9901 | €129,826 | €115,227 | -€14,599 | -11.2% |
| Financial income | 75/76B | €293 | €6,278 | +€5,985 | +2,043% |
| Recurring financial income | 75 | €293 | €6,278 | +€5,985 | +2,043% |
| Financial charges | 65/66B | €2,856 | €618 | -€2,238 | -78.4% |
| Recurring financial charges | 65 | €2,856 | €618 | -€2,238 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | €127,263 | €120,887 | -€6,376 | -5.0% |
| Income taxes | 67/77 | €37,887 | €35,323 | -€2,564 | -6.8% |
| Profit (loss) for the period | 9904 | €89,376 | €85,564 | -€3,812 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €89,376 | €85,564 | -€3,812 | -4.3% |
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 23 October 2026 via checked.be.