CLEIRBAUT ALEX: 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.
CLEIRBAUT ALEX
Largest movements
- Tangible fixed assets -€11,420
down €11,420 (-22.4%), from €51,090 to €39,669
- Receivables within one year +€6,800
up €6,800 (+54.6%), from €12,460 to €19,261
of which Trade receivables: +€4,359
- Debts after one year -€12,947
down €12,947 (-33.4%), from €38,782 to €25,835
- Profit (loss) carried forward +€8,408
up €8,408 (+27.3%), from -€30,752 to -€22,344
- Tax, wage and social debts +€5,967
up €5,967 (+111%), from €5,391 to €11,358
- Short-term financial debts -€4,433
down €4,433 (-84.2%), from €5,262 to €829
- Current portion of long-term debt -€2,242
down €2,242 (-14.8%), from €15,188 to €12,947
- Gross operating margin +€22,336
up €22,336 (+174%), from €12,842 to €35,178
- Depreciation +€8,088
up €8,088 (+243%), from €3,332 to €11,420
- Taxes +€7,852
new in 2025: €7,852
- Other operating charges +€2,462
up €2,462 (+750%), from €328 to €2,790
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 | €63,970 | €59,351 | -€4,620 | -7.2% |
| Fixed assets | 21/28 | €51,090 | €39,669 | -€11,420 | -22.4% |
| Tangible fixed assets | 22/27 | €51,090 | €39,669 | -€11,420 | -22.4% |
| Furniture and vehicles | 24 | €51,090 | €39,669 | -€11,420 | -22.4% |
| Current assets | 29/58 | €12,881 | €19,681 | +€6,800 | +52.8% |
| Amounts receivable within one year | 40/41 | €12,460 | €19,261 | +€6,800 | +54.6% |
| Trade receivables | 40 | €1,603 | €5,962 | +€4,359 | +272% |
| Other amounts receivable | 41 | €10,857 | €13,298 | +€2,441 | +22.5% |
| Cash at bank and in hand | 54/58 | €421 | €421 | = | 0.0% |
| Total equity and liabilities | 10/49 | €63,970 | €59,351 | -€4,620 | -7.2% |
| Equity | 10/15 | -€4,404 | €4,004 | +€8,408 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,748 | €7,748 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,888 | €5,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,752 | -€22,344 | +€8,408 | +27.3% |
| Amounts payable | 17/49 | €68,375 | €55,347 | -€13,028 | -19.1% |
| Amounts payable after more than one year | 17 | €38,782 | €25,835 | -€12,947 | -33.4% |
| Financial debts | 170/4 | €38,782 | €25,835 | -€12,947 | -33.4% |
| Amounts payable within one year | 42/48 | €29,593 | €29,512 | -€81 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €15,188 | €12,947 | -€2,242 | -14.8% |
| Financial debts | 43 | €5,262 | €829 | -€4,433 | -84.2% |
| Credit institutions | 430/8 | €5,262 | €829 | -€4,433 | -84.2% |
| Trade debts | 44 | €3,752 | €4,378 | +€627 | +16.7% |
| Suppliers | 440/4 | €3,752 | €4,378 | +€627 | +16.7% |
| Taxes, remuneration and social security | 45 | €5,391 | €11,358 | +€5,967 | +111% |
| Taxes | 450/3 | €5,391 | €11,358 | +€5,967 | +111% |
| Non-recurring operating income | 76A | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,332 | €11,420 | +€8,088 | +243% |
| Other operating charges | 640/8 | €328 | €2,790 | +€2,462 | +750% |
| Gross operating margin | 9900 | €12,842 | €35,178 | +€22,336 | +174% |
| Operating profit (loss) | 9901 | €9,181 | €20,967 | +€11,786 | +128% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,415 | €4,707 | +€292 | +6.6% |
| Recurring financial charges | 65 | €4,415 | €4,707 | +€292 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €4,766 | €16,260 | +€11,494 | +241% |
| Income taxes | 67/77 | - | €7,852 | +€7,852 | |
| Profit (loss) for the period | 9904 | €4,766 | €8,408 | +€3,642 | +76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,766 | €8,408 | +€3,642 | +76.4% |
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 30 October 2026 via checked.be.