CLEFIOR: what changed
Two fiscal 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.
CLEFIOR
Largest movements
- Receivables within one year -€123,501
down €123,501 (-100.0%), from €123,520 to €18
of which Other amounts receivable: -€123,501
- Cash +€84,192
up €84,192 (+125.3%), from €67,208 to €151,400
mainly Receivables within one year (+€123,501) and Net result for the year (+€99,606)
- Other debts -€134,303
down €134,303 (-85.9%), from €156,399 to €22,096
- Reserves +€99,606
up €99,606 (+19.2%), from €518,603 to €618,209
- Financial income -€69,664
down €69,664 (-38.2%), from €182,187 to €112,523
- Gross operating margin -€18,167
down €18,167 (-72.8%), from €24,955 to €6,788
- Taxes -€10,168
down €10,168 (-39.7%), from €25,603 to €15,435
- Other operating charges +€470
up €470 (+18.2%), from €2,577 to €3,047
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.
Cash bridge derived
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 | €1,591,248 | €1,552,880 | -€38,369 | -2.4% |
| Fixed assets | 21/28 | €906,421 | €905,246 | -€1,175 | -0.1% |
| Tangible fixed assets | 22/27 | €3,721 | €2,546 | -€1,175 | -31.6% |
| Furniture and vehicles | 24 | €3,721 | €2,546 | -€1,175 | -31.6% |
| Financial fixed assets | 28 | €902,700 | €902,700 | = | 0.0% |
| Current assets | 29/58 | €684,827 | €647,634 | -€37,193 | -5.4% |
| Amounts receivable after more than one year | 29 | €90,119 | €91,926 | +€1,807 | +2.0% |
| Trade receivables | 290 | €90,119 | €91,926 | +€1,807 | +2.0% |
| Amounts receivable within one year | 40/41 | €123,520 | €18 | -€123,501 | -100.0% |
| Trade receivables | 40 | €18 | €18 | = | 0.0% |
| Other amounts receivable | 41 | €123,501 | - | -€123,501 | |
| Current investments | 50/53 | €400,000 | €400,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,208 | €151,400 | +€84,192 | +125.3% |
| Deferred charges and accrued income | 490/1 | €3,980 | €4,289 | +€309 | +7.8% |
| Total equity and liabilities | 10/49 | €1,591,248 | €1,552,880 | -€38,369 | -2.4% |
| Equity | 10/15 | €1,401,303 | €1,500,909 | +€99,606 | +7.1% |
| Contributions | 10/11 | €882,700 | €882,700 | = | 0.0% |
| Reserves | 13 | €518,603 | €618,209 | +€99,606 | +19.2% |
| Distributable reserves | 133 | €518,603 | €618,209 | +€99,606 | +19.2% |
| Amounts payable | 17/49 | €189,945 | €51,971 | -€137,975 | -72.6% |
| Amounts payable within one year | 42/48 | €189,945 | €51,237 | -€138,708 | -73.0% |
| Trade debts | 44 | €2,610 | €2,292 | -€319 | -12.2% |
| Suppliers | 440/4 | €2,610 | €2,292 | -€319 | -12.2% |
| Taxes, remuneration and social security | 45 | €30,936 | €26,849 | -€4,087 | -13.2% |
| Taxes | 450/3 | €30,936 | €26,849 | -€4,087 | -13.2% |
| Other amounts payable | 47/48 | €156,399 | €22,096 | -€134,303 | -85.9% |
| Accrued charges and deferred income | 492/3 | - | €734 | +€734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,245 | €1,175 | -€70 | -5.6% |
| Other operating charges | 640/8 | €2,577 | €3,047 | +€470 | +18.2% |
| Gross operating margin | 9900 | €24,955 | €6,788 | -€18,167 | -72.8% |
| Operating profit (loss) | 9901 | €21,132 | €2,565 | -€18,567 | -87.9% |
| Financial income | 75/76B | €182,187 | €112,523 | -€69,664 | -38.2% |
| Recurring financial income | 75 | €182,187 | €112,523 | -€69,664 | -38.2% |
| Financial charges | 65/66B | €182 | €48 | -€134 | -73.8% |
| Recurring financial charges | 65 | €182 | €48 | -€134 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | €203,137 | €115,041 | -€88,096 | -43.4% |
| Income taxes | 67/77 | €25,603 | €15,435 | -€10,168 | -39.7% |
| Profit (loss) for the period | 9904 | €177,534 | €99,606 | -€77,928 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €177,534 | €99,606 | -€77,928 | -43.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.