CLEMENT - DE ZESTE: 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 - DE ZESTE
Largest movements
- Receivables within one year -€73,106
down €73,106 (-31.3%), from €233,816 to €160,709
of which Other amounts receivable: -€79,239
- Tangible fixed assets -€7,635
down €7,635 (-6.6%), from €115,737 to €108,103
of which Land and buildings: -€5,303
- Deferred charges and accrued income +€5,346
up €5,346 (+638%), from €838 to €6,184
- Reserves -€89,000
down €89,000 (-53.2%), from €167,247 to €78,247
of which Distributable reserves: -€89,000
- Trade debts +€27,570
up €27,570 (+1,034%), from €2,667 to €30,237
- Current portion of long-term debt -€9,845
down €9,845 (-71.8%), from €13,706 to €3,862
- Tax, wage and social debts -€4,489
down €4,489 (-38.8%), from €11,573 to €7,084
- Financial income -€2,989
down €2,989 (-25.7%), from €11,639 to €8,649
- Gross operating margin +€1,677
up €1,677 (+6.3%), from €26,450 to €28,128
- Financial charges -€940
down €940 (-46.9%), from €2,002 to €1,062
- Depreciation +€866
up €866 (+5.1%), from €17,084 to €17,949
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 | €355,916 | €280,550 | -€75,366 | -21.2% |
| Fixed assets | 21/28 | €115,887 | €108,253 | -€7,635 | -6.6% |
| Tangible fixed assets | 22/27 | €115,737 | €108,103 | -€7,635 | -6.6% |
| Land and buildings | 22 | €89,759 | €84,456 | -€5,303 | -5.9% |
| Plant, machinery and equipment | 23 | €6,778 | €4,958 | -€1,819 | -26.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Leasing and similar rights | 25 | €19,201 | €18,688 | -€513 | -2.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €240,029 | €172,298 | -€67,731 | -28.2% |
| Amounts receivable within one year | 40/41 | €233,816 | €160,709 | -€73,106 | -31.3% |
| Trade receivables | 40 | €12,301 | €18,433 | +€6,132 | +49.9% |
| Other amounts receivable | 41 | €221,515 | €142,276 | -€79,239 | -35.8% |
| Cash at bank and in hand | 54/58 | €5,376 | €5,405 | +€29 | +0.5% |
| Deferred charges and accrued income | 490/1 | €838 | €6,184 | +€5,346 | +638% |
| Total equity and liabilities | 10/49 | €355,916 | €280,550 | -€75,366 | -21.2% |
| Equity | 10/15 | €327,970 | €239,367 | -€88,603 | -27.0% |
| Contributions | 10/11 | €40,912 | €40,912 | = | 0.0% |
| Reserves | 13 | €167,247 | €78,247 | -€89,000 | -53.2% |
| Non-distributable reserves | 130/1 | €4,080 | €4,080 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,080 | €4,080 | = | 0.0% |
| Distributable reserves | 133 | €163,167 | €74,167 | -€89,000 | -54.5% |
| Profit (loss) carried forward | 14 | €119,810 | €120,208 | +€397 | +0.3% |
| Amounts payable | 17/49 | €27,947 | €41,183 | +€13,237 | +47.4% |
| Amounts payable within one year | 42/48 | €27,947 | €41,183 | +€13,237 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €13,706 | €3,862 | -€9,845 | -71.8% |
| Trade debts | 44 | €2,667 | €30,237 | +€27,570 | +1,034% |
| Suppliers | 440/4 | €2,667 | €30,237 | +€27,570 | +1,034% |
| Taxes, remuneration and social security | 45 | €11,573 | €7,084 | -€4,489 | -38.8% |
| Taxes | 450/3 | €11,573 | €7,084 | -€4,489 | -38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,084 | €17,949 | +€866 | +5.1% |
| Other operating charges | 640/8 | €2,291 | €2,087 | -€203 | -8.9% |
| Non-recurring operating charges | 66A | €106 | €64 | -€42 | -39.6% |
| Gross operating margin | 9900 | €26,450 | €28,128 | +€1,677 | +6.3% |
| Operating profit (loss) | 9901 | €6,970 | €8,027 | +€1,057 | +15.2% |
| Financial income | 75/76B | €11,639 | €8,649 | -€2,989 | -25.7% |
| Recurring financial income | 75 | €11,639 | €8,649 | -€2,989 | -25.7% |
| Financial charges | 65/66B | €2,002 | €1,062 | -€940 | -46.9% |
| Recurring financial charges | 65 | €2,002 | €1,062 | -€940 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €16,607 | €15,614 | -€993 | -6.0% |
| Income taxes | 67/77 | €5,405 | €5,216 | -€189 | -3.5% |
| Profit (loss) for the period | 9904 | €11,201 | €10,397 | -€804 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,201 | €10,397 | -€804 | -7.2% |
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 20 October 2026 via checked.be.