CLEMANA: 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.
CLEMANA
Largest movements
- Current investments +€188,070
new in 2025: €188,070
- Intangible fixed assets -€78,226
no longer reported in 2025 (was €78,226)
- Cash -€50,071
down €50,071 (-91.2%), from €54,896 to €4,825
mainly Contributions, distributions and other (-€233,333) and Current investments (-€188,070)
- Receivables within one year +€44,208
up €44,208 (+119.5%), from €36,991 to €81,199
of which Other amounts receivable: +€57,022
- Tangible fixed assets +€13,967
up €13,967 (+118.3%), from €11,810 to €25,777
of which Furniture and vehicles: +€16,598
- Other debts +€233,333
new in 2025: €233,333
- Profit (loss) carried forward -€69,765
down €69,765 (-31.8%), from €219,717 to €149,952
- Trade debts -€51,972
down €51,972 (-91.2%), from €56,964 to €4,992
- Tax, wage and social debts -€15,764
down €15,764 (-89.9%), from €17,537 to €1,772
of which Taxes: -€9,412
- Current portion of long-term debt +€8,768
up €8,768 (+140.7%), from €6,232 to €15,000
- Financial income +€287,747
up €287,747 (+16016.4%), from €1,797 to €289,543
of which Non-recurring financial income: +€286,774
- Taxes +€52,831
up €52,831 (+758.4%), from €6,966 to €59,796
- Gross operating margin -€52,815
down €52,815 (-41.8%), from €126,477 to €73,662
- Staff costs -€45,517
down €45,517 (-67.2%), from €67,696 to €22,179
- Depreciation -€32,823
down €32,823 (-91.2%), from €36,007 to €3,184
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 | €302,951 | €407,550 | +€104,599 | +34.5% |
| Fixed assets | 21/28 | €90,216 | €25,957 | -€64,259 | -71.2% |
| Intangible fixed assets | 21 | €78,226 | - | -€78,226 | |
| Tangible fixed assets | 22/27 | €11,810 | €25,777 | +€13,967 | +118.3% |
| Furniture and vehicles | 24 | €349 | €16,947 | +€16,598 | +4759.3% |
| Leasing and similar rights | 25 | €11,461 | €8,830 | -€2,632 | -23.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €212,734 | €381,593 | +€168,859 | +79.4% |
| Amounts receivable after more than one year | 29 | €107,500 | €107,500 | = | 0.0% |
| Other amounts receivable | 291 | €107,500 | €107,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,991 | €81,199 | +€44,208 | +119.5% |
| Trade receivables | 40 | €32,063 | €19,249 | -€12,814 | -40.0% |
| Other amounts receivable | 41 | €4,928 | €61,950 | +€57,022 | +1157.0% |
| Current investments | 50/53 | - | €188,070 | +€188,070 | |
| Cash at bank and in hand | 54/58 | €54,896 | €4,825 | -€50,071 | -91.2% |
| Deferred charges and accrued income | 490/1 | €13,347 | - | -€13,347 | |
| Total equity and liabilities | 10/49 | €302,951 | €407,550 | +€104,599 | +34.5% |
| Equity | 10/15 | €222,217 | €152,452 | -€69,765 | -31.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €219,717 | €149,952 | -€69,765 | -31.8% |
| Amounts payable | 17/49 | €80,733 | €255,098 | +€174,364 | +216.0% |
| Amounts payable within one year | 42/48 | €80,733 | €255,098 | +€174,364 | +216.0% |
| Current portion of amounts payable after more than one year | 42 | €6,232 | €15,000 | +€8,768 | +140.7% |
| Trade debts | 44 | €56,964 | €4,992 | -€51,972 | -91.2% |
| Suppliers | 440/4 | €56,964 | €4,992 | -€51,972 | -91.2% |
| Taxes, remuneration and social security | 45 | €17,537 | €1,772 | -€15,764 | -89.9% |
| Taxes | 450/3 | €9,486 | €74 | -€9,412 | -99.2% |
| Remuneration and social security | 454/9 | €8,051 | €1,698 | -€6,353 | -78.9% |
| Other amounts payable | 47/48 | - | €233,333 | +€233,333 | |
| Remuneration, social security and pensions | 62 | €67,696 | €22,179 | -€45,517 | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,007 | €3,184 | -€32,823 | -91.2% |
| Other operating charges | 640/8 | €997 | €3,522 | +€2,525 | +253.3% |
| Non-recurring operating charges | 66A | €1,922 | €109,794 | +€107,873 | +5613.7% |
| Gross operating margin | 9900 | €126,477 | €73,662 | -€52,815 | -41.8% |
| Operating profit (loss) | 9901 | €19,855 | -€65,017 | -€84,872 | |
| Financial income | 75/76B | €1,797 | €289,543 | +€287,747 | +16016.4% |
| Recurring financial income | 75 | €1,797 | €2,769 | +€973 | +54.1% |
| Non-recurring financial income | 76B | - | €286,774 | +€286,774 | |
| Financial charges | 65/66B | €1,824 | €1,162 | -€662 | -36.3% |
| Recurring financial charges | 65 | €1,824 | €1,162 | -€662 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €19,828 | €223,364 | +€203,537 | +1026.5% |
| Income taxes | 67/77 | €6,966 | €59,796 | +€52,831 | +758.4% |
| Profit (loss) for the period | 9904 | €12,862 | €163,568 | +€150,706 | +1171.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,862 | €163,568 | +€150,706 | +1171.7% |
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 8 October 2026 via checked.be.