CLEMENT: 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.
CLEMENT
Largest movements
- Receivables within one year -€60,906
down €60,906 (-14.6%), from €418,361 to €357,455
of which Trade receivables: -€55,287
- Tangible fixed assets -€22,152
down €22,152 (-15.9%), from €139,313 to €117,161
of which Plant, machinery and equipment: -€13,771
- Cash +€19,452
up €19,452 (+37.9%), from €51,304 to €70,757
mainly Trade debts (+€169,067) and Receivables within one year (+€60,906)
- Stocks and contracts +€18,264
up €18,264 (+6.2%), from €293,228 to €311,492
- Tax, wage and social debts -€171,273
down €171,273 (-77.9%), from €219,971 to €48,697
of which Remuneration and social security: -€170,251
- Trade debts +€169,067
up €169,067 (+83.8%), from €201,655 to €370,722
- Short-term financial debts -€17,627
down €17,627 (-30.6%), from €57,627 to €40,000
- Profit (loss) carried forward +€17,594
up €17,594 (+5.2%), from -€337,802 to -€320,209
- Debts after one year -€15,240
down €15,240 (-100.0%), from €15,240 to €0
- Other operating charges -€63,837
down €63,837 (-88.5%), from €72,160 to €8,323
- Financial charges +€37,812
up €37,812 (+342.7%), from €11,034 to €48,846
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 | €922,007 | €882,895 | -€39,112 | -4.2% |
| Fixed assets | 21/28 | €149,983 | €127,161 | -€22,821 | -15.2% |
| Intangible fixed assets | 21 | €669 | €0 | -€669 | -100.0% |
| Tangible fixed assets | 22/27 | €139,313 | €117,161 | -€22,152 | -15.9% |
| Land and buildings | 22 | €25,000 | €25,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €73,237 | €59,466 | -€13,771 | -18.8% |
| Furniture and vehicles | 24 | €1,542 | €4,131 | +€2,589 | +167.8% |
| Leasing and similar rights | 25 | €1,824 | €0 | -€1,824 | -100.0% |
| Other tangible fixed assets | 26 | €37,710 | €28,564 | -€9,146 | -24.3% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €772,024 | €755,734 | -€16,290 | -2.1% |
| Stocks and contracts in progress | 3 | €293,228 | €311,492 | +€18,264 | +6.2% |
| Stocks | 30/36 | €293,228 | €311,492 | +€18,264 | +6.2% |
| Amounts receivable within one year | 40/41 | €418,361 | €357,455 | -€60,906 | -14.6% |
| Trade receivables | 40 | €344,416 | €289,129 | -€55,287 | -16.1% |
| Other amounts receivable | 41 | €73,946 | €68,326 | -€5,619 | -7.6% |
| Cash at bank and in hand | 54/58 | €51,304 | €70,757 | +€19,452 | +37.9% |
| Deferred charges and accrued income | 490/1 | €9,131 | €16,031 | +€6,900 | +75.6% |
| Total equity and liabilities | 10/49 | €922,007 | €882,895 | -€39,112 | -4.2% |
| Equity | 10/15 | -€103,347 | -€85,753 | +€17,594 | +17.0% |
| Contributions | 10/11 | €203,000 | €203,000 | = | 0.0% |
| Reserves | 13 | €31,455 | €31,455 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,455 | €31,455 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,455 | €31,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€337,802 | -€320,209 | +€17,594 | +5.2% |
| Amounts payable | 17/49 | €1,025,354 | €968,649 | -€56,705 | -5.5% |
| Amounts payable after more than one year | 17 | €15,240 | €0 | -€15,240 | -100.0% |
| Financial debts | 170/4 | €15,240 | €0 | -€15,240 | -100.0% |
| Amounts payable within one year | 42/48 | €998,910 | €968,537 | -€30,373 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €29,421 | €15,875 | -€13,546 | -46.0% |
| Financial debts | 43 | €57,627 | €40,000 | -€17,627 | -30.6% |
| Credit institutions | 430/8 | €57,627 | €40,000 | -€17,627 | -30.6% |
| Trade debts | 44 | €201,655 | €370,722 | +€169,067 | +83.8% |
| Suppliers | 440/4 | €201,655 | €370,722 | +€169,067 | +83.8% |
| Taxes, remuneration and social security | 45 | €219,971 | €48,697 | -€171,273 | -77.9% |
| Taxes | 450/3 | €7,958 | €6,936 | -€1,023 | -12.9% |
| Remuneration and social security | 454/9 | €212,012 | €41,762 | -€170,251 | -80.3% |
| Other amounts payable | 47/48 | €490,237 | €493,243 | +€3,006 | +0.6% |
| Accrued charges and deferred income | 492/3 | €11,204 | €112 | -€11,092 | -99.0% |
| Non-recurring operating income | 76A | €175 | €0 | -€175 | -100.0% |
| Remuneration, social security and pensions | 62 | €964,162 | €974,182 | +€10,021 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,179 | €26,237 | -€2,942 | -10.1% |
| Other operating charges | 640/8 | €72,160 | €8,323 | -€63,837 | -88.5% |
| Gross operating margin | 9900 | €1,072,082 | €1,073,246 | +€1,164 | +0.1% |
| Operating profit (loss) | 9901 | €6,581 | €64,504 | +€57,922 | +880.1% |
| Financial income | 75/76B | €1,752 | €2,202 | +€450 | +25.7% |
| Recurring financial income | 75 | €1,752 | €2,202 | +€450 | +25.7% |
| Financial charges | 65/66B | €11,034 | €48,846 | +€37,812 | +342.7% |
| Recurring financial charges | 65 | €11,034 | €48,846 | +€37,812 | +342.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,700 | €17,860 | +€20,560 | |
| Income taxes | 67/77 | €271 | €266 | -€5 | -1.8% |
| Profit (loss) for the period | 9904 | -€2,972 | €17,594 | +€20,565 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,972 | €17,594 | +€20,565 |
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 10 October 2026 via checked.be.