CLEARWORK: 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.
CLEARWORK
Largest movements
- Cash +€67,349
up €67,349 (+567%), from €11,881 to €79,230
mainly Net result for the year (+€80,458) and Tax, wage and social debts (+€54,749)
- Receivables within one year +€38,838
up €38,838 (+41.4%), from €93,914 to €132,752
of which Trade receivables: +€47,911
- Tangible fixed assets +€7,439
up €7,439 (+51.2%), from €14,519 to €21,958
of which Plant, machinery and equipment: +€9,586
- Reserves +€80,458
up €80,458 (+137%), from €58,516 to €138,974
of which Distributable reserves: +€80,458
- Tax, wage and social debts +€54,749
up €54,749 (+259%), from €21,121 to €75,870
of which Taxes: +€54,892
- Trade debts -€21,447
down €21,447 (-91.0%), from €23,577 to €2,130
- Gross operating margin +€75,541
up €75,541 (+31.5%), from €239,443 to €314,984
- Staff costs -€56,662
down €56,662 (-26.9%), from €210,367 to €153,705
- Taxes +€53,008
up €53,008 (+397%), from €13,350 to €66,358
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 | €121,813 | €235,574 | +€113,761 | +93.4% |
| Fixed assets | 21/28 | €16,019 | €23,593 | +€7,574 | +47.3% |
| Tangible fixed assets | 22/27 | €14,519 | €21,958 | +€7,439 | +51.2% |
| Plant, machinery and equipment | 23 | €7,065 | €16,651 | +€9,586 | +136% |
| Furniture and vehicles | 24 | €7,454 | €5,307 | -€2,147 | -28.8% |
| Financial fixed assets | 28 | €1,500 | €1,635 | +€135 | +9.0% |
| Current assets | 29/58 | €105,795 | €211,981 | +€106,187 | +100% |
| Amounts receivable within one year | 40/41 | €93,914 | €132,752 | +€38,838 | +41.4% |
| Trade receivables | 40 | €39,135 | €87,046 | +€47,911 | +122% |
| Other amounts receivable | 41 | €54,778 | €45,706 | -€9,073 | -16.6% |
| Cash at bank and in hand | 54/58 | €11,881 | €79,230 | +€67,349 | +567% |
| Total equity and liabilities | 10/49 | €121,813 | €235,574 | +€113,761 | +93.4% |
| Equity | 10/15 | €77,116 | €157,574 | +€80,458 | +104% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,516 | €138,974 | +€80,458 | +137% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €56,656 | €137,114 | +€80,458 | +142% |
| Amounts payable | 17/49 | €44,697 | €78,000 | +€33,303 | +74.5% |
| Amounts payable within one year | 42/48 | €44,697 | €78,000 | +€33,303 | +74.5% |
| Trade debts | 44 | €23,577 | €2,130 | -€21,447 | -91.0% |
| Suppliers | 440/4 | €23,577 | €2,130 | -€21,447 | -91.0% |
| Taxes, remuneration and social security | 45 | €21,121 | €75,870 | +€54,749 | +259% |
| Taxes | 450/3 | €7,781 | €62,673 | +€54,892 | +705% |
| Remuneration and social security | 454/9 | €13,340 | €13,197 | -€142 | -1.1% |
| Remuneration, social security and pensions | 62 | €210,367 | €153,705 | -€56,662 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,591 | €8,980 | +€1,389 | +18.3% |
| Other operating charges | 640/8 | €2,964 | €2,619 | -€344 | -11.6% |
| Gross operating margin | 9900 | €239,443 | €314,984 | +€75,541 | +31.5% |
| Operating profit (loss) | 9901 | €18,522 | €149,680 | +€131,158 | +708% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,393 | €2,864 | -€2,529 | -46.9% |
| Recurring financial charges | 65 | €5,393 | €2,864 | -€2,529 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €13,129 | €146,816 | +€133,687 | +1,018% |
| Income taxes | 67/77 | €13,350 | €66,358 | +€53,008 | +397% |
| Profit (loss) for the period | 9904 | -€221 | €80,458 | +€80,679 | |
| Profit (loss) for the period to be appropriated | 9905 | -€221 | €80,458 | +€80,679 |
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 30 October 2026 via checked.be.