CLEFRA: 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.
What changed
CLEFRA
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€24,493
2024 · €149,448-€124,955
Equity
€626,761
2024 · €602,268+€24,493
Cash
€74
2024 · €388-€314
Balance sheet total
€1.1m
2024 · €1.1m-€18,948
Largest movements
Assets
- Tangible fixed assets -€37,404
down €37,404 (-6.1%), from €608,254 to €570,851
- Receivables within one year +€18,770
up €18,770 (+7.1%), from €264,264 to €283,033
of which Other amounts receivable: +€34,390
Equity and liabilities
- Debts after one year -€63,942
down €63,942 (-19.4%), from €329,866 to €265,924
- Profit (loss) carried forward +€24,493
up €24,493 (+37.6%), from -€65,061 to -€40,569
Income statement
- Gross operating margin -€209,100
down €209,100 (-71.3%), from €293,239 to €84,139
- Financial charges -€12,781
down €12,781 (-56.9%), from €22,469 to €9,688
- Taxes +€4,580
up €4,580 (+203.8%), from €2,248 to €6,828
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
€149,448
Gross operating margin
-€209,100
Other operating charges
+€2,062
Financial income
-€20
Financial charges
+€12,781
Taxes
-€4,580
Deferred taxes and other
+€73,902
Result 2025
€24,493
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.
From operations
+€58,254
Investment
€0
Financing
-€58,568
Cash 2024
€388
From operations (derived)
+€58,254
Net result for the year
+€24,493
Depreciation
+€37,404
Receivables within one year
-€18,770
Trade debts
+€4,929
Tax, wage and social debts
+€10,198
Financing
-€58,568
Debts after one year
-€63,942
Current portion of long-term debt
+€6,970
Short-term financial debts
-€1,596
Cash 2025
€74
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,099,931 | €1,080,983 | -€18,948 | -1.7% |
| Fixed assets | 21/28 | €835,279 | €797,876 | -€37,404 | -4.5% |
| Tangible fixed assets | 22/27 | €608,254 | €570,851 | -€37,404 | -6.1% |
| Land and buildings | 22 | €608,254 | €570,851 | -€37,404 | -6.1% |
| Financial fixed assets | 28 | €227,025 | €227,025 | = | 0.0% |
| Current assets | 29/58 | €264,652 | €283,107 | +€18,456 | +7.0% |
| Amounts receivable within one year | 40/41 | €264,264 | €283,033 | +€18,770 | +7.1% |
| Trade receivables | 40 | €27,720 | €12,100 | -€15,620 | -56.3% |
| Other amounts receivable | 41 | €236,544 | €270,933 | +€34,390 | +14.5% |
| Cash at bank and in hand | 54/58 | €388 | €74 | -€314 | -81.0% |
| Total equity and liabilities | 10/49 | €1,099,931 | €1,080,983 | -€18,948 | -1.7% |
| Equity | 10/15 | €602,268 | €626,761 | +€24,493 | +4.1% |
| Contributions | 10/11 | €244,000 | €244,000 | = | 0.0% |
| Outside capital | 11 | €244,000 | €244,000 | = | 0.0% |
| Other | 1109/19 | €244,000 | €244,000 | = | 0.0% |
| Reserves | 13 | €423,329 | €423,329 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,400 | €24,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,400 | €24,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,879 | €210,879 | = | 0.0% |
| Distributable reserves | 133 | €188,050 | €188,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,061 | -€40,569 | +€24,493 | +37.6% |
| Provisions and deferred taxes | 16 | €73,902 | €73,902 | = | 0.0% |
| Deferred taxes | 168 | €73,902 | €73,902 | = | 0.0% |
| Amounts payable | 17/49 | €423,761 | €380,320 | -€43,441 | -10.3% |
| Amounts payable after more than one year | 17 | €329,866 | €265,924 | -€63,942 | -19.4% |
| Financial debts | 170/4 | €329,866 | €265,924 | -€63,942 | -19.4% |
| Amounts payable within one year | 42/48 | €93,895 | €114,396 | +€20,501 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €61,601 | €68,572 | +€6,970 | +11.3% |
| Financial debts | 43 | €1,596 | - | -€1,596 | |
| Credit institutions | 430/8 | €1,596 | - | -€1,596 | |
| Trade debts | 44 | €20,678 | €25,607 | +€4,929 | +23.8% |
| Suppliers | 440/4 | €20,678 | €25,607 | +€4,929 | +23.8% |
| Taxes, remuneration and social security | 45 | €10,019 | €20,217 | +€10,198 | +101.8% |
| Taxes | 450/3 | €5,940 | €17,737 | +€11,797 | +198.6% |
| Remuneration and social security | 454/9 | €4,080 | €2,480 | -€1,600 | -39.2% |
| Non-recurring operating income | 76A | €228,548 | - | -€228,548 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,404 | €37,404 | = | 0.0% |
| Other operating charges | 640/8 | €7,789 | €5,727 | -€2,062 | -26.5% |
| Gross operating margin | 9900 | €293,239 | €84,139 | -€209,100 | -71.3% |
| Operating profit (loss) | 9901 | €248,046 | €41,008 | -€207,038 | -83.5% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €22,469 | €9,688 | -€12,781 | -56.9% |
| Recurring financial charges | 65 | €22,469 | €9,688 | -€12,781 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | €225,597 | €31,321 | -€194,276 | -86.1% |
| Transfer from deferred taxes | 780 | €3,890 | - | -€3,890 | |
| Transfer to deferred taxes | 680 | €77,791 | - | -€77,791 | |
| Income taxes | 67/77 | €2,248 | €6,828 | +€4,580 | +203.8% |
| Profit (loss) for the period | 9904 | €149,448 | €24,493 | -€124,955 | -83.6% |
| Transfer from tax-exempt reserves | 789 | €11,099 | - | -€11,099 | |
| Transfer to tax-exempt reserves | 689 | €221,978 | - | -€221,978 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,432 | €24,493 | +€85,925 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.