CLEAR WATER PROJECTS: 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 WATER PROJECTS
Largest movements
- Stocks and contracts -€48,669
down €48,669 (-95.1%), from €51,169 to €2,500
- Receivables within one year -€19,224
down €19,224 (-57.7%), from €33,338 to €14,114
of which Trade receivables: -€18,382
- Tangible fixed assets -€4,115
down €4,115 (-47.5%), from €8,664 to €4,549
of which Other tangible fixed assets: -€3,743
- Trade debts -€41,709
down €41,709 (-90.8%), from €45,916 to €4,207
- Profit (loss) carried forward -€38,618
down €38,618 (-37.7%), from -€102,545 to -€141,163
- Other debts +€30,303
up €30,303 (+25.7%), from €117,688 to €147,991
- Tax, wage and social debts -€21,243
down €21,243 (-95.7%), from €22,198 to €954
of which Taxes: -€19,747
- Current portion of long-term debt -€2,151
no longer reported in 2025 (was €2,151)
- Gross operating margin -€53,203
down €53,203, from €22,042 to -€31,161
- Staff costs -€3,619
no longer reported in 2025 (was €3,619)
- Other operating charges -€3,438
down €3,438 (-68.4%), from €5,028 to €1,590
- Financial charges -€771
down €771 (-39.2%), from €1,967 to €1,197
- Depreciation -€440
down €440 (-8.6%), from €5,109 to €4,670
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,575 | €21,163 | -€73,412 | -77.6% |
| Fixed assets | 21/28 | €9,218 | €4,549 | -€4,670 | -50.7% |
| Intangible fixed assets | 21 | €555 | - | -€555 | |
| Tangible fixed assets | 22/27 | €8,664 | €4,549 | -€4,115 | -47.5% |
| Furniture and vehicles | 24 | €553 | €181 | -€372 | -67.2% |
| Other tangible fixed assets | 26 | €8,111 | €4,367 | -€3,743 | -46.2% |
| Current assets | 29/58 | €85,356 | €16,614 | -€68,742 | -80.5% |
| Stocks and contracts in progress | 3 | €51,169 | €2,500 | -€48,669 | -95.1% |
| Stocks | 30/36 | €51,169 | €2,500 | -€48,669 | -95.1% |
| Amounts receivable within one year | 40/41 | €33,338 | €14,114 | -€19,224 | -57.7% |
| Trade receivables | 40 | €32,289 | €13,907 | -€18,382 | -56.9% |
| Other amounts receivable | 41 | €1,049 | €207 | -€842 | -80.3% |
| Deferred charges and accrued income | 490/1 | €849 | - | -€849 | |
| Total equity and liabilities | 10/49 | €94,575 | €21,163 | -€73,412 | -77.6% |
| Equity | 10/15 | -€98,545 | -€137,163 | -€38,618 | -39.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,545 | -€141,163 | -€38,618 | -37.7% |
| Amounts payable | 17/49 | €193,119 | €158,325 | -€34,794 | -18.0% |
| Amounts payable within one year | 42/48 | €193,119 | €158,325 | -€34,794 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €2,151 | - | -€2,151 | |
| Financial debts | 43 | €5,167 | €5,173 | +€6 | +0.1% |
| Credit institutions | 430/8 | €5,167 | €5,173 | +€6 | +0.1% |
| Trade debts | 44 | €45,916 | €4,207 | -€41,709 | -90.8% |
| Suppliers | 440/4 | €45,916 | €4,207 | -€41,709 | -90.8% |
| Taxes, remuneration and social security | 45 | €22,198 | €954 | -€21,243 | -95.7% |
| Taxes | 450/3 | €20,701 | €954 | -€19,747 | -95.4% |
| Remuneration and social security | 454/9 | €1,496 | - | -€1,496 | |
| Other amounts payable | 47/48 | €117,688 | €147,991 | +€30,303 | +25.7% |
| Remuneration, social security and pensions | 62 | €3,619 | - | -€3,619 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,109 | €4,670 | -€440 | -8.6% |
| Other operating charges | 640/8 | €5,028 | €1,590 | -€3,438 | -68.4% |
| Non-recurring operating charges | 66A | €319 | - | -€319 | |
| Gross operating margin | 9900 | €22,042 | -€31,161 | -€53,203 | |
| Operating profit (loss) | 9901 | €7,965 | -€37,421 | -€45,387 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,967 | €1,197 | -€771 | -39.2% |
| Recurring financial charges | 65 | €1,967 | €1,197 | -€771 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €5,999 | -€38,618 | -€44,617 | |
| Profit (loss) for the period | 9904 | €5,999 | -€38,618 | -€44,617 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,999 | -€38,618 | -€44,617 |
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 21 October 2026 via checked.be.