CLEAR VIEW: 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.
What changed
CLEAR VIEW
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€21,247
2024 · -€8,497+€29,744
Equity
€1.8m
2024 · €1.7m+€21,247
Cash
€24,686
2024 · €107,864-€83,179
Balance sheet total
€4.7m
2024 · €4.4m+€289,817
Largest movements
Assets
- Receivables after one year +€632,999
up €632,999 (+1169.0%), from €54,149 to €687,148
- Current investments -€149,356
down €149,356 (-80.5%), from €185,641 to €36,285
- Tangible fixed assets -€107,022
down €107,022 (-3.9%), from €2.8m to €2.6m
of which Land and buildings: -€107,843
- Cash -€83,179
down €83,179 (-77.1%), from €107,864 to €24,686
mainly Receivables after one year (-€632,999) and Accrued charges and deferred income (-€30,343)
Equity and liabilities
- Debts after one year +€296,992
up €296,992 (+11.6%), from €2.6m to €2.9m
Income statement
- Gross operating margin +€29,636
up €29,636 (+27.1%), from €109,238 to €138,874
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.
Result 2024
-€8,497
Gross operating margin
+€29,636
Depreciation
+€189
Other operating charges
-€320
Financial income
-€46
Financial charges
+€233
Taxes
+€52
Result 2025
€21,247
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.
From operations
-€528,118
Investment
+€147,947
Financing
+€296,992
Cash 2024
€107,864
From operations (derived)
-€528,118
Net result for the year
+€21,247
Depreciation
+€108,431
Receivables after one year
-€632,999
Receivables within one year
+€3,683
Smaller working-capital items
-€1,789
Other debts
+€3,652
Accrued charges and deferred income
-€30,343
Investment (derived)
+€147,947
Investment in fixed assets (net)
-€1,409
Current investments
+€149,356
Financing
+€296,992
Debts after one year
+€296,992
Cash 2025
€24,686
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,436,206 | €4,726,024 | +€289,817 | +6.5% |
| Fixed assets | 21/28 | €2,752,696 | €2,645,674 | -€107,022 | -3.9% |
| Tangible fixed assets | 22/27 | €2,752,696 | €2,645,674 | -€107,022 | -3.9% |
| Land and buildings | 22 | €2,751,341 | €2,643,498 | -€107,843 | -3.9% |
| Plant, machinery and equipment | 23 | €1,355 | €2,176 | +€822 | +60.7% |
| Current assets | 29/58 | €1,683,511 | €2,080,349 | +€396,839 | +23.6% |
| Amounts receivable after more than one year | 29 | €54,149 | €687,148 | +€632,999 | +1169.0% |
| Other amounts receivable | 291 | €54,149 | €687,148 | +€632,999 | +1169.0% |
| Stocks and contracts in progress | 3 | €1,313,383 | €1,313,383 | = | 0.0% |
| Stocks | 30/36 | €1,313,383 | €1,313,383 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,231 | €17,549 | -€3,683 | -17.3% |
| Trade receivables | 40 | €7,680 | - | -€7,680 | |
| Other amounts receivable | 41 | €13,551 | €17,549 | +€3,997 | +29.5% |
| Current investments | 50/53 | €185,641 | €36,285 | -€149,356 | -80.5% |
| Cash at bank and in hand | 54/58 | €107,864 | €24,686 | -€83,179 | -77.1% |
| Deferred charges and accrued income | 490/1 | €1,242 | €1,300 | +€58 | +4.6% |
| Total equity and liabilities | 10/49 | €4,436,206 | €4,726,024 | +€289,817 | +6.5% |
| Equity | 10/15 | €1,728,974 | €1,750,221 | +€21,247 | +1.2% |
| Contributions | 10/11 | €111,500 | €111,500 | = | 0.0% |
| Capital | 10 | €111,500 | €111,500 | = | 0.0% |
| Issued capital | 100 | €111,500 | €111,500 | = | 0.0% |
| Reserves | 13 | €46,681 | €44,143 | -€2,538 | -5.4% |
| Non-distributable reserves | 130/1 | €11,150 | €11,150 | = | 0.0% |
| Legal reserve | 130 | €11,150 | €11,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,531 | €32,993 | -€2,538 | -7.1% |
| Profit (loss) carried forward | 14 | €1,570,793 | €1,594,578 | +€23,785 | +1.5% |
| Provisions and deferred taxes | 16 | €11,844 | €10,998 | -€846 | -7.1% |
| Deferred taxes | 168 | €11,844 | €10,998 | -€846 | -7.1% |
| Amounts payable | 17/49 | €2,695,389 | €2,964,804 | +€269,416 | +10.0% |
| Amounts payable after more than one year | 17 | €2,565,636 | €2,862,628 | +€296,992 | +11.6% |
| Financial debts | 170/4 | €2,565,636 | €2,862,628 | +€296,992 | +11.6% |
| Amounts payable within one year | 42/48 | €58,077 | €60,844 | +€2,766 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €28,008 | €28,008 | = | 0.0% |
| Trade debts | 44 | €1,505 | €620 | -€885 | -58.8% |
| Suppliers | 440/4 | €1,505 | €620 | -€885 | -58.8% |
| Other amounts payable | 47/48 | €28,564 | €32,216 | +€3,652 | +12.8% |
| Accrued charges and deferred income | 492/3 | €71,675 | €41,333 | -€30,343 | -42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,620 | €108,431 | -€189 | -0.2% |
| Other operating charges | 640/8 | €8,202 | €8,522 | +€320 | +3.9% |
| Gross operating margin | 9900 | €109,238 | €138,874 | +€29,636 | +27.1% |
| Operating profit (loss) | 9901 | -€7,583 | €21,922 | +€29,505 | |
| Financial income | 75/76B | €690 | €644 | -€46 | -6.7% |
| Recurring financial income | 75 | €690 | €644 | -€46 | -6.7% |
| Financial charges | 65/66B | €2,398 | €2,164 | -€233 | -9.7% |
| Recurring financial charges | 65 | €2,398 | €2,164 | -€233 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,291 | €20,401 | +€29,692 | |
| Transfer from deferred taxes | 780 | €846 | €846 | = | 0.0% |
| Income taxes | 67/77 | €52 | - | -€52 | |
| Profit (loss) for the period | 9904 | -€8,497 | €21,247 | +€29,744 | |
| Transfer from tax-exempt reserves | 789 | €2,538 | €2,538 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,959 | €23,785 | +€29,744 |
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 29 September 2026 via checked.be.