CLEAR Horizons: 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.
CLEAR Horizons
Largest movements
- Receivables within one year -€1,157
down €1,157 (-47.8%), from €2,422 to €1,265
of which Other amounts receivable: -€761
- Profit (loss) carried forward +€7,639
up €7,639 (+49.6%), from -€15,393 to -€7,754
- Other debts -€7,588
down €7,588 (-46.4%), from €16,365 to €8,778
- Trade debts -€1,200
no longer reported in 2025 (was €1,200)
- Gross operating margin +€20,355
up €20,355, from -€12,558 to €7,797
- Depreciation -€1,086
no longer reported in 2025 (was €1,086)
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 | €3,672 | €2,523 | -€1,149 | -31.3% |
| Current assets | 29/58 | €3,672 | €2,523 | -€1,149 | -31.3% |
| Amounts receivable within one year | 40/41 | €2,422 | €1,265 | -€1,157 | -47.8% |
| Trade receivables | 40 | €1,000 | €604 | -€396 | -39.6% |
| Other amounts receivable | 41 | €1,422 | €661 | -€761 | -53.5% |
| Cash at bank and in hand | 54/58 | €17 | €26 | +€8 | +46.5% |
| Deferred charges and accrued income | 490/1 | €1,233 | €1,233 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,672 | €2,523 | -€1,149 | -31.3% |
| Equity | 10/15 | -€13,893 | -€6,254 | +€7,639 | +55.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,393 | -€7,754 | +€7,639 | +49.6% |
| Amounts payable | 17/49 | €17,565 | €8,778 | -€8,788 | -50.0% |
| Amounts payable within one year | 42/48 | €17,565 | €8,778 | -€8,788 | -50.0% |
| Trade debts | 44 | €1,200 | - | -€1,200 | |
| Suppliers | 440/4 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €16,365 | €8,778 | -€7,588 | -46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,086 | - | -€1,086 | |
| Other operating charges | 640/8 | €80 | €80 | = | 0.0% |
| Gross operating margin | 9900 | -€12,558 | €7,797 | +€20,355 | |
| Operating profit (loss) | 9901 | -€13,724 | €7,717 | +€21,441 | |
| Financial charges | 65/66B | €40 | €79 | +€39 | +96.7% |
| Recurring financial charges | 65 | €40 | €79 | +€39 | +96.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,764 | €7,639 | +€21,403 | |
| Profit (loss) for the period | 9904 | -€13,764 | €7,639 | +€21,403 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,764 | €7,639 | +€21,403 |
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 8 October 2026 via checked.be.