CLEMAX MANAGEMENT: 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.
CLEMAX MANAGEMENT
Largest movements
- Receivables within one year +€29,054
up €29,054 (+82.8%), from €35,093 to €64,147
of which Other amounts receivable: +€28,879
- Cash +€21,445
up €21,445 (+621.5%), from €3,451 to €24,895
mainly Net result for the year (+€65,466) and Depreciation (+€1,200)
- Profit (loss) carried forward +€65,466
up €65,466 (+92.9%), from €70,452 to €135,918
- Debts after one year -€10,404
down €10,404 (-54.2%), from €19,185 to €8,781
- Tax, wage and social debts -€3,966
down €3,966 (-22.9%), from €17,283 to €13,317
of which Taxes: -€2,294
- Trade debts -€2,571
down €2,571 (-81.3%), from €3,164 to €593
- Gross operating margin +€33,779
up €33,779 (+136.4%), from €24,760 to €58,539
- Financial income +€13,836
up €13,836 (+159.7%), from €8,664 to €22,500
- Taxes +€6,693
up €6,693 (+114.5%), from €5,844 to €12,538
- Financial charges -€1,174
down €1,174 (-43.1%), from €2,722 to €1,548
- Depreciation +€862
up €862 (+255.5%), from €338 to €1,200
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 | €141,395 | €190,358 | +€48,963 | +34.6% |
| Fixed assets | 21/28 | €100,717 | €99,517 | -€1,200 | -1.2% |
| Tangible fixed assets | 22/27 | €5,662 | €4,462 | -€1,200 | -21.2% |
| Furniture and vehicles | 24 | €5,662 | €4,462 | -€1,200 | -21.2% |
| Financial fixed assets | 28 | €95,055 | €95,055 | = | 0.0% |
| Current assets | 29/58 | €40,677 | €90,840 | +€50,163 | +123.3% |
| Amounts receivable within one year | 40/41 | €35,093 | €64,147 | +€29,054 | +82.8% |
| Trade receivables | 40 | - | €175 | +€175 | |
| Other amounts receivable | 41 | €35,093 | €63,973 | +€28,879 | +82.3% |
| Cash at bank and in hand | 54/58 | €3,451 | €24,895 | +€21,445 | +621.5% |
| Deferred charges and accrued income | 490/1 | €2,133 | €1,797 | -€336 | -15.8% |
| Total equity and liabilities | 10/49 | €141,395 | €190,358 | +€48,963 | +34.6% |
| Equity | 10/15 | €91,623 | €157,089 | +€65,466 | +71.5% |
| Contributions | 10/11 | €8,513 | €8,513 | = | 0.0% |
| Reserves | 13 | €12,658 | €12,658 | = | 0.0% |
| Non-distributable reserves | 130/1 | €469 | €469 | = | 0.0% |
| Reserves not available under the articles | 1311 | €469 | €469 | = | 0.0% |
| Distributable reserves | 133 | €12,188 | €12,188 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,452 | €135,918 | +€65,466 | +92.9% |
| Amounts payable | 17/49 | €49,772 | €33,269 | -€16,503 | -33.2% |
| Amounts payable after more than one year | 17 | €19,185 | €8,781 | -€10,404 | -54.2% |
| Financial debts | 170/4 | €19,185 | €8,781 | -€10,404 | -54.2% |
| Amounts payable within one year | 42/48 | €30,587 | €24,313 | -€6,274 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €10,140 | €10,404 | +€263 | +2.6% |
| Trade debts | 44 | €3,164 | €593 | -€2,571 | -81.3% |
| Suppliers | 440/4 | €3,164 | €593 | -€2,571 | -81.3% |
| Taxes, remuneration and social security | 45 | €17,283 | €13,317 | -€3,966 | -22.9% |
| Taxes | 450/3 | €14,633 | €12,338 | -€2,294 | -15.7% |
| Remuneration and social security | 454/9 | €2,650 | €978 | -€1,672 | -63.1% |
| Accrued charges and deferred income | 492/3 | - | €174 | +€174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338 | €1,200 | +€862 | +255.5% |
| Other operating charges | 640/8 | €628 | €288 | -€340 | -54.2% |
| Gross operating margin | 9900 | €24,760 | €58,539 | +€33,779 | +136.4% |
| Operating profit (loss) | 9901 | €23,795 | €57,051 | +€33,257 | +139.8% |
| Financial income | 75/76B | €8,664 | €22,500 | +€13,836 | +159.7% |
| Recurring financial income | 75 | €8,664 | €22,500 | +€13,836 | +159.7% |
| Financial charges | 65/66B | €2,722 | €1,548 | -€1,174 | -43.1% |
| Recurring financial charges | 65 | €2,722 | €1,548 | -€1,174 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €29,737 | €78,003 | +€48,267 | +162.3% |
| Income taxes | 67/77 | €5,844 | €12,538 | +€6,693 | +114.5% |
| Profit (loss) for the period | 9904 | €23,892 | €65,466 | +€41,574 | +174.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,892 | €65,466 | +€41,574 | +174.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.