CLEEREN FRANK: 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.
What changed
CLEEREN FRANK
NACE 69.101, Activities of lawyers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€555,603
2024 · €659,572-€103,969
Equity
€3.0m
2024 · €2.5m+€510,603
Cash
€182,762
2024 · €195,149-€12,388
Balance sheet total
€3.4m
2024 · €2.8m+€574,725
Largest movements
Assets
- Current investments +€501,263
up €501,263 (+26.5%), from €1.9m to €2.4m
- Receivables after one year +€50,000
up €50,000 (+22.2%), from €225,000 to €275,000
- Receivables within one year +€43,158
up €43,158 (+12.7%), from €340,000 to €383,158
of which Trade receivables: +€33,000
Equity and liabilities
- Reserves +€510,603
up €510,603 (+20.7%), from €2.5m to €3.0m
- Tax, wage and social debts +€55,838
up €55,838 (+32.5%), from €171,618 to €227,456
Income statement
- Gross operating margin +€306,389
up €306,389 (+69.7%), from €439,419 to €745,808
- Financial income -€215,179
down €215,179 (-58.0%), from €371,012 to €155,833
- Provisions +€85,000
up €85,000, from -€85,000 to €0
- Financial charges +€61,108
up €61,108 (+262%), from €23,314 to €84,422
- Taxes +€42,743
up €42,743 (+21.5%), from €198,421 to €241,164
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
€659,572
Gross operating margin
+€306,389
Depreciation
-€6,111
Provisions
-€85,000
Other operating charges
-€217
Financial income
-€215,179
Financial charges
-€61,108
Taxes
-€42,743
Result 2025
€555,603
raises the resultlowers the result
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.
From operations
+€524,230
Investment
-€511,365
Financing
-€25,252
Cash 2024
€195,149
From operations (derived)
+€524,230
Net result for the year
+€555,603
Depreciation
+€18,922
Receivables after one year
-€50,000
Receivables within one year
-€43,158
Deferred charges and accrued income
-€1,512
Trade debts
+€2,515
Tax, wage and social debts
+€55,838
Other debts
-€13,979
Investment (derived)
-€511,365
Investment in fixed assets (net)
-€10,102
Current investments
-€501,263
Financing
-€25,252
Short-term financial debts
+€19,748
Contributions, distributions and other
-€45,000
Cash 2025
€182,762
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,813,667 | €3,388,393 | +€574,725 | +20.4% |
| Fixed assets | 21/28 | €139,647 | €130,827 | -€8,820 | -6.3% |
| Tangible fixed assets | 22/27 | €79,647 | €70,827 | -€8,820 | -11.1% |
| Furniture and vehicles | 24 | €50,175 | €34,046 | -€16,128 | -32.1% |
| Other tangible fixed assets | 26 | €29,472 | €36,781 | +€7,309 | +24.8% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €2,674,021 | €3,257,566 | +€583,545 | +21.8% |
| Amounts receivable after more than one year | 29 | €225,000 | €275,000 | +€50,000 | +22.2% |
| Other amounts receivable | 291 | €225,000 | €275,000 | +€50,000 | +22.2% |
| Amounts receivable within one year | 40/41 | €340,000 | €383,158 | +€43,158 | +12.7% |
| Trade receivables | 40 | €340,000 | €373,000 | +€33,000 | +9.7% |
| Other amounts receivable | 41 | - | €10,158 | +€10,158 | |
| Current investments | 50/53 | €1,892,963 | €2,394,226 | +€501,263 | +26.5% |
| Cash at bank and in hand | 54/58 | €195,149 | €182,762 | -€12,388 | -6.3% |
| Deferred charges and accrued income | 490/1 | €20,908 | €22,420 | +€1,512 | +7.2% |
| Total equity and liabilities | 10/49 | €2,813,667 | €3,388,393 | +€574,725 | +20.4% |
| Equity | 10/15 | €2,470,003 | €2,980,605 | +€510,603 | +20.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,463,803 | €2,974,405 | +€510,603 | +20.7% |
| Distributable reserves | 133 | €2,463,803 | €2,974,405 | +€510,603 | +20.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €343,665 | €407,787 | +€64,123 | +18.7% |
| Amounts payable within one year | 42/48 | €343,165 | €407,287 | +€64,123 | +18.7% |
| Financial debts | 43 | €105,871 | €125,619 | +€19,748 | +18.7% |
| Credit institutions | 430/8 | €105,871 | €125,619 | +€19,748 | +18.7% |
| Trade debts | 44 | €6,697 | €9,212 | +€2,515 | +37.6% |
| Suppliers | 440/4 | €6,697 | €9,212 | +€2,515 | +37.6% |
| Taxes, remuneration and social security | 45 | €171,618 | €227,456 | +€55,838 | +32.5% |
| Taxes | 450/3 | €171,618 | €227,456 | +€55,838 | +32.5% |
| Other amounts payable | 47/48 | €58,979 | €45,000 | -€13,979 | -23.7% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,810 | €18,922 | +€6,111 | +47.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€85,000 | €0 | +€85,000 | |
| Other operating charges | 640/8 | €1,314 | €1,531 | +€217 | +16.6% |
| Gross operating margin | 9900 | €439,419 | €745,808 | +€306,389 | +69.7% |
| Operating profit (loss) | 9901 | €510,295 | €725,356 | +€215,060 | +42.1% |
| Financial income | 75/76B | €371,012 | €155,833 | -€215,179 | -58.0% |
| Recurring financial income | 75 | €371,012 | €155,833 | -€215,179 | -58.0% |
| Financial charges | 65/66B | €23,314 | €84,422 | +€61,108 | +262% |
| Recurring financial charges | 65 | €23,314 | €84,422 | +€61,108 | +262% |
| Profit (loss) for the period before taxes | 9903 | €857,993 | €796,767 | -€61,226 | -7.1% |
| Income taxes | 67/77 | €198,421 | €241,164 | +€42,743 | +21.5% |
| Profit (loss) for the period | 9904 | €659,572 | €555,603 | -€103,969 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €659,572 | €555,603 | -€103,969 | -15.8% |
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 25 October 2026 via checked.be.