CLEMADO: 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.
CLEMADO
Largest movements
- Tangible fixed assets -€21,764
down €21,764 (-4.4%), from €490,436 to €468,672
of which Furniture and vehicles: -€17,565
- Cash -€17,073
down €17,073 (-34.7%), from €49,206 to €32,133
mainly Contributions, distributions and other (-€69,172) and Debts after one year (-€39,245)
- Debts after one year -€39,245
down €39,245 (-12.5%), from €314,523 to €275,278
- Other debts +€38,166
up €38,166 (+164%), from €23,205 to €61,371
- Reserves -€24,671
down €24,671 (-14.6%), from €168,419 to €143,748
of which Distributable reserves: -€24,671
- Tax, wage and social debts -€9,878
down €9,878 (-57.8%), from €17,087 to €7,209
of which Taxes: -€10,022
- Trade debts -€6,627
down €6,627 (-83.1%), from €7,973 to €1,346
- Depreciation -€19,180
down €19,180 (-38.7%), from €49,499 to €30,319
- Gross operating margin +€15,595
up €15,595 (+18.1%), from €86,236 to €101,831
- Taxes +€9,571
up €9,571 (+113%), from €8,441 to €18,012
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 | €576,970 | €536,417 | -€40,553 | -7.0% |
| Fixed assets | 21/28 | €490,436 | €468,672 | -€21,764 | -4.4% |
| Tangible fixed assets | 22/27 | €490,436 | €468,672 | -€21,764 | -4.4% |
| Land and buildings | 22 | €426,164 | €417,965 | -€8,199 | -1.9% |
| Plant, machinery and equipment | 23 | €4,171 | €2,823 | -€1,348 | -32.3% |
| Furniture and vehicles | 24 | €57,116 | €39,551 | -€17,565 | -30.8% |
| Other tangible fixed assets | 26 | €2,985 | €8,332 | +€5,347 | +179% |
| Current assets | 29/58 | €86,534 | €67,745 | -€18,789 | -21.7% |
| Amounts receivable within one year | 40/41 | €23,557 | €21,768 | -€1,789 | -7.6% |
| Trade receivables | 40 | €16,986 | €21,768 | +€4,782 | +28.1% |
| Other amounts receivable | 41 | €6,571 | €0 | -€6,571 | -100% |
| Cash at bank and in hand | 54/58 | €49,206 | €32,133 | -€17,073 | -34.7% |
| Deferred charges and accrued income | 490/1 | €13,771 | €13,844 | +€73 | +0.5% |
| Total equity and liabilities | 10/49 | €576,970 | €536,417 | -€40,553 | -7.0% |
| Equity | 10/15 | €174,619 | €149,948 | -€24,671 | -14.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €168,419 | €143,748 | -€24,671 | -14.6% |
| Tax-exempt reserves | 132 | €8,320 | €8,320 | = | 0.0% |
| Distributable reserves | 133 | €160,099 | €135,428 | -€24,671 | -15.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €402,351 | €386,469 | -€15,882 | -3.9% |
| Amounts payable after more than one year | 17 | €314,523 | €275,278 | -€39,245 | -12.5% |
| Financial debts | 170/4 | €314,523 | €275,278 | -€39,245 | -12.5% |
| Amounts payable within one year | 42/48 | €86,898 | €110,242 | +€23,344 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €38,188 | €39,245 | +€1,057 | +2.8% |
| Financial debts | 43 | €444 | €1,072 | +€627 | +141% |
| Credit institutions | 430/8 | €444 | €1,072 | +€627 | +141% |
| Trade debts | 44 | €7,973 | €1,346 | -€6,627 | -83.1% |
| Suppliers | 440/4 | €7,973 | €1,346 | -€6,627 | -83.1% |
| Taxes, remuneration and social security | 45 | €17,087 | €7,209 | -€9,878 | -57.8% |
| Taxes | 450/3 | €16,943 | €6,921 | -€10,022 | -59.2% |
| Remuneration and social security | 454/9 | €144 | €288 | +€144 | +100% |
| Other amounts payable | 47/48 | €23,205 | €61,371 | +€38,166 | +164% |
| Accrued charges and deferred income | 492/3 | €930 | €949 | +€19 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,499 | €30,319 | -€19,180 | -38.7% |
| Other operating charges | 640/8 | €1,136 | €1,203 | +€67 | +5.9% |
| Gross operating margin | 9900 | €86,236 | €101,831 | +€15,595 | +18.1% |
| Operating profit (loss) | 9901 | €35,601 | €70,309 | +€34,708 | +97.5% |
| Financial income | 75/76B | €0 | €35 | +€35 | |
| Recurring financial income | 75 | €0 | €35 | +€35 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €7,987 | €7,831 | -€157 | -2.0% |
| Recurring financial charges | 65 | €7,987 | €7,831 | -€157 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €27,614 | €62,513 | +€34,899 | +126% |
| Income taxes | 67/77 | €8,441 | €18,012 | +€9,571 | +113% |
| Profit (loss) for the period | 9904 | €19,172 | €44,501 | +€25,328 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €19,172 | €44,501 | +€25,328 | +132% |
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.