CLEE EQUESTRIAN: 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.
CLEE EQUESTRIAN
Largest movements
- Receivables within one year -€514,401
down €514,401 (-87.1%), from €590,581 to €76,180
of which Trade receivables: -€402,256
- Cash +€336,794
up €336,794 (+193%), from €174,112 to €510,906
mainly Receivables within one year (+€514,401) and Net result for the year (+€263,682)
- Stocks and contracts +€16,500
up €16,500 (+52.7%), from €31,300 to €47,800
- Advances received -€226,357
down €226,357 (-100%), from €226,357 to €0
- Reserves +€163,682
up €163,682 (+373%), from €43,835 to €207,517
- Other debts -€130,000
down €130,000 (-56.5%), from €230,000 to €100,000
- Tax, wage and social debts +€109,602
up €109,602 (+70.3%), from €155,896 to €265,498
of which Taxes: +€109,175
- Trade debts -€74,796
down €74,796 (-67.8%), from €110,343 to €35,548
- Gross operating margin +€189,323
up €189,323 (+89.1%), from €212,513 to €401,836
- Taxes +€50,717
up €50,717 (+106%), from €47,823 to €98,540
- Write-downs -€4,500
down €4,500 (-100%), from €4,500 to €0
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 | €833,209 | €666,758 | -€166,452 | -20.0% |
| Fixed assets | 21/28 | €36,586 | €31,169 | -€5,417 | -14.8% |
| Tangible fixed assets | 22/27 | €36,586 | €31,169 | -€5,417 | -14.8% |
| Plant, machinery and equipment | 23 | - | €2,695 | +€2,695 | |
| Furniture and vehicles | 24 | €36,586 | €28,474 | -€8,112 | -22.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €796,624 | €635,588 | -€161,035 | -20.2% |
| Stocks and contracts in progress | 3 | €31,300 | €47,800 | +€16,500 | +52.7% |
| Stocks | 30/36 | €31,300 | €47,800 | +€16,500 | +52.7% |
| Amounts receivable within one year | 40/41 | €590,581 | €76,180 | -€514,401 | -87.1% |
| Trade receivables | 40 | €410,356 | €8,100 | -€402,256 | -98.0% |
| Other amounts receivable | 41 | €180,224 | €68,080 | -€112,144 | -62.2% |
| Cash at bank and in hand | 54/58 | €174,112 | €510,906 | +€336,794 | +193% |
| Deferred charges and accrued income | 490/1 | €631 | €703 | +€71 | +11.3% |
| Total equity and liabilities | 10/49 | €833,209 | €666,758 | -€166,452 | -20.0% |
| Equity | 10/15 | €50,035 | €226,117 | +€176,082 | +352% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €43,835 | €207,517 | +€163,682 | +373% |
| Distributable reserves | 133 | €43,835 | €207,517 | +€163,682 | +373% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €783,175 | €440,641 | -€342,534 | -43.7% |
| Amounts payable after more than one year | 17 | €39,309 | €14,399 | -€24,910 | -63.4% |
| Financial debts | 170/4 | €39,309 | €14,399 | -€24,910 | -63.4% |
| Amounts payable within one year | 42/48 | €743,866 | €426,242 | -€317,624 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €15,812 | €25,196 | +€9,384 | +59.3% |
| Financial debts | 43 | €5,457 | €0 | -€5,457 | -100% |
| Credit institutions | 430/8 | €5,457 | €0 | -€5,457 | -100% |
| Trade debts | 44 | €110,343 | €35,548 | -€74,796 | -67.8% |
| Suppliers | 440/4 | €110,343 | €35,548 | -€74,796 | -67.8% |
| Advances received on contracts in progress | 46 | €226,357 | €0 | -€226,357 | -100% |
| Taxes, remuneration and social security | 45 | €155,896 | €265,498 | +€109,602 | +70.3% |
| Taxes | 450/3 | €155,896 | €265,072 | +€109,175 | +70.0% |
| Remuneration and social security | 454/9 | - | €427 | +€427 | |
| Other amounts payable | 47/48 | €230,000 | €100,000 | -€130,000 | -56.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €21,506 | €0 | -€21,506 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,977 | €9,830 | +€1,853 | +23.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,500 | €0 | -€4,500 | -100% |
| Other operating charges | 640/8 | €1,249 | €2,911 | +€1,662 | +133% |
| Non-recurring operating charges | 66A | €14,293 | €30,000 | +€15,707 | +110% |
| Gross operating margin | 9900 | €212,513 | €401,836 | +€189,323 | +89.1% |
| Operating profit (loss) | 9901 | €184,494 | €359,095 | +€174,601 | +94.6% |
| Financial income | 75/76B | €10,532 | €8,929 | -€1,603 | -15.2% |
| Recurring financial income | 75 | €10,532 | €8,929 | -€1,603 | -15.2% |
| Financial charges | 65/66B | €9,506 | €5,802 | -€3,704 | -39.0% |
| Recurring financial charges | 65 | €9,506 | €5,802 | -€3,704 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €185,520 | €362,222 | +€176,703 | +95.2% |
| Income taxes | 67/77 | €47,823 | €98,540 | +€50,717 | +106% |
| Profit (loss) for the period | 9904 | €137,697 | €263,682 | +€125,986 | +91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €137,697 | €263,682 | +€125,986 | +91.5% |
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 18 October 2026 via checked.be.