CLEF2WEB: 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.
CLEF2WEB
Largest movements
- Receivables within one year +€59,182
up €59,182 (+16.5%), from €357,975 to €417,156
of which Trade receivables: +€51,128
- Cash -€55,786
down €55,786 (-46.3%), from €120,608 to €64,822
mainly Receivables within one year (-€59,182) and Contributions, distributions and other (-€21,666)
- Other debts +€18,546
up €18,546 (+174%), from €10,666 to €29,212
- Reserves -€13,715
down €13,715 (-8.0%), from €172,363 to €158,648
- Gross operating margin -€32,001
down €32,001 (-7.3%), from €437,466 to €405,465
- Staff costs -€29,479
down €29,479 (-7.3%), from €406,533 to €377,054
- Write-downs +€5,024
new in 2025: €5,024
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 | €491,600 | €499,272 | +€7,672 | +1.6% |
| Fixed assets | 21/28 | €7,399 | €13,538 | +€6,139 | +83.0% |
| Intangible fixed assets | 21 | - | €2,025 | +€2,025 | |
| Tangible fixed assets | 22/27 | €3,399 | €2,705 | -€695 | -20.4% |
| Furniture and vehicles | 24 | €3,399 | €2,705 | -€695 | -20.4% |
| Financial fixed assets | 28 | €3,999 | €8,808 | +€4,809 | +120% |
| Current assets | 29/58 | €484,202 | €485,735 | +€1,533 | +0.3% |
| Amounts receivable within one year | 40/41 | €357,975 | €417,156 | +€59,182 | +16.5% |
| Trade receivables | 40 | €357,975 | €409,103 | +€51,128 | +14.3% |
| Other amounts receivable | 41 | - | €8,053 | +€8,053 | |
| Cash at bank and in hand | 54/58 | €120,608 | €64,822 | -€55,786 | -46.3% |
| Deferred charges and accrued income | 490/1 | €5,619 | €3,756 | -€1,862 | -33.1% |
| Total equity and liabilities | 10/49 | €491,600 | €499,272 | +€7,672 | +1.6% |
| Equity | 10/15 | €320,180 | €304,799 | -€15,381 | -4.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €172,363 | €158,648 | -€13,715 | -8.0% |
| Distributable reserves | 133 | €172,363 | €158,648 | -€13,715 | -8.0% |
| Profit (loss) carried forward | 14 | €129,267 | €127,601 | -€1,666 | -1.3% |
| Amounts payable | 17/49 | €171,420 | €194,473 | +€23,053 | +13.4% |
| Amounts payable after more than one year | 17 | €8,000 | €8,000 | = | 0.0% |
| Financial debts | 170/4 | €8,000 | €8,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €159,214 | €180,709 | +€21,495 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €36,146 | €36,124 | -€22 | -0.1% |
| Trade debts | 44 | €14,846 | €16,147 | +€1,301 | +8.8% |
| Suppliers | 440/4 | €14,846 | €16,147 | +€1,301 | +8.8% |
| Taxes, remuneration and social security | 45 | €97,557 | €99,227 | +€1,670 | +1.7% |
| Taxes | 450/3 | €42,431 | €34,163 | -€8,269 | -19.5% |
| Remuneration and social security | 454/9 | €55,125 | €65,064 | +€9,939 | +18.0% |
| Other amounts payable | 47/48 | €10,666 | €29,212 | +€18,546 | +174% |
| Accrued charges and deferred income | 492/3 | €4,206 | €5,764 | +€1,558 | +37.0% |
| Remuneration, social security and pensions | 62 | €406,533 | €377,054 | -€29,479 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,265 | €2,219 | -€46 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,024 | +€5,024 | |
| Other operating charges | 640/8 | €2,006 | €898 | -€1,109 | -55.3% |
| Gross operating margin | 9900 | €437,466 | €405,465 | -€32,001 | -7.3% |
| Operating profit (loss) | 9901 | €26,662 | €20,270 | -€6,392 | -24.0% |
| Financial income | 75/76B | €12 | €93 | +€81 | +661% |
| Recurring financial income | 75 | €12 | €93 | +€81 | +661% |
| Financial charges | 65/66B | €8,429 | €7,183 | -€1,246 | -14.8% |
| Recurring financial charges | 65 | €8,429 | €7,183 | -€1,246 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €18,245 | €13,180 | -€5,065 | -27.8% |
| Income taxes | 67/77 | €9,057 | €6,894 | -€2,163 | -23.9% |
| Profit (loss) for the period | 9904 | €9,188 | €6,285 | -€2,902 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,188 | €6,285 | -€2,902 | -31.6% |
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.