Clem: 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.
Clem
Largest movements
- Cash +€23,881
up €23,881 (+172.2%), from €13,871 to €37,752
mainly Net result for the year (+€26,949) and Tax, wage and social debts (+€4,704)
- Current investments +€4,951
new in 2025: €4,951
- Tangible fixed assets -€2,486
down €2,486 (-15.3%), from €16,255 to €13,769
of which Furniture and vehicles: -€2,076
- Receivables within one year +€2,254
up €2,254 (+10.2%), from €22,098 to €24,351
- Reserves +€26,949
up €26,949 (+117.5%), from €22,944 to €49,893
- Tax, wage and social debts +€4,704
up €4,704 (+52.1%), from €9,035 to €13,739
- Trade debts -€4,418
down €4,418 (-75.3%), from €5,863 to €1,446
- Gross operating margin +€25,823
up €25,823 (+193.9%), from €13,320 to €39,143
- Taxes +€5,172
up €5,172 (+259.3%), from €1,995 to €7,167
- Depreciation +€2,043
up €2,043 (+129.0%), from €1,583 to €3,626
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 | €52,223 | €80,822 | +€28,599 | +54.8% |
| Fixed assets | 21/28 | €16,255 | €13,769 | -€2,486 | -15.3% |
| Tangible fixed assets | 22/27 | €16,255 | €13,769 | -€2,486 | -15.3% |
| Furniture and vehicles | 24 | €14,415 | €12,340 | -€2,076 | -14.4% |
| Other tangible fixed assets | 26 | €1,839 | €1,429 | -€410 | -22.3% |
| Current assets | 29/58 | €35,968 | €67,054 | +€31,085 | +86.4% |
| Amounts receivable within one year | 40/41 | €22,098 | €24,351 | +€2,254 | +10.2% |
| Trade receivables | 40 | €22,098 | €24,351 | +€2,254 | +10.2% |
| Current investments | 50/53 | - | €4,951 | +€4,951 | |
| Cash at bank and in hand | 54/58 | €13,871 | €37,752 | +€23,881 | +172.2% |
| Total equity and liabilities | 10/49 | €52,223 | €80,822 | +€28,599 | +54.8% |
| Equity | 10/15 | €25,944 | €52,893 | +€26,949 | +103.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €22,944 | €49,893 | +€26,949 | +117.5% |
| Distributable reserves | 133 | €22,944 | €49,893 | +€26,949 | +117.5% |
| Amounts payable | 17/49 | €26,279 | €27,929 | +€1,650 | +6.3% |
| Amounts payable after more than one year | 17 | €11,363 | €11,926 | +€563 | +5.0% |
| Other amounts payable | 178/9 | €11,363 | €11,926 | +€563 | +5.0% |
| Amounts payable within one year | 42/48 | €14,916 | €16,003 | +€1,087 | +7.3% |
| Financial debts | 43 | €18 | €819 | +€801 | +4454.9% |
| Credit institutions | 430/8 | €18 | €819 | +€801 | +4454.9% |
| Trade debts | 44 | €5,863 | €1,446 | -€4,418 | -75.3% |
| Suppliers | 440/4 | €5,863 | €1,446 | -€4,418 | -75.3% |
| Taxes, remuneration and social security | 45 | €9,035 | €13,739 | +€4,704 | +52.1% |
| Taxes | 450/3 | €9,035 | €13,739 | +€4,704 | +52.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,583 | €3,626 | +€2,043 | +129.0% |
| Other operating charges | 640/8 | €873 | €497 | -€376 | -43.1% |
| Gross operating margin | 9900 | €13,320 | €39,143 | +€25,823 | +193.9% |
| Operating profit (loss) | 9901 | €10,864 | €35,021 | +€24,156 | +222.3% |
| Financial income | 75/76B | €0 | €119 | +€119 | |
| Recurring financial income | 75 | €0 | €119 | +€119 | |
| Financial charges | 65/66B | €1,010 | €1,024 | +€14 | +1.3% |
| Recurring financial charges | 65 | €1,010 | €1,024 | +€14 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €9,854 | €34,116 | +€24,262 | +246.2% |
| Income taxes | 67/77 | €1,995 | €7,167 | +€5,172 | +259.3% |
| Profit (loss) for the period | 9904 | €7,859 | €26,949 | +€19,090 | +242.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,859 | €26,949 | +€19,090 | +242.9% |
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 12 October 2026 via checked.be.