CLEMENTINE: 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.
CLEMENTINE
Largest movements
- Tangible fixed assets -€25,526
down €25,526 (-10.1%), from €253,039 to €227,513
of which Land and buildings: -€24,031
- Debts after one year -€11,670
down €11,670 (-16.6%), from €70,472 to €58,802
- Reserves -€8,778
down €8,778 (-16.9%), from €51,808 to €43,030
of which Tax-exempt reserves: -€8,778
- Provisions -€3,374
down €3,374 (-8.6%), from €39,381 to €36,007
- Gross operating margin -€18,615
down €18,615 (-42.9%), from €43,392 to €24,777
- Purchases and services -€6,400
down €6,400 (-22.2%), from €28,828 to €22,428
- Depreciation -€3,920
down €3,920 (-11.6%), from €33,919 to €29,999
- Other operating charges +€2,982
up €2,982 (+81.0%), from €3,680 to €6,661
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 | €262,440 | €236,774 | -€25,666 | -9.8% |
| Fixed assets | 21/28 | €253,039 | €227,513 | -€25,526 | -10.1% |
| Tangible fixed assets | 22/27 | €253,039 | €227,513 | -€25,526 | -10.1% |
| Land and buildings | 22 | €248,937 | €224,906 | -€24,031 | -9.7% |
| Plant, machinery and equipment | 23 | €4,102 | - | -€4,102 | |
| Other tangible fixed assets | 26 | - | €2,607 | +€2,607 | |
| Current assets | 29/58 | €9,401 | €9,261 | -€140 | -1.5% |
| Cash at bank and in hand | 54/58 | €9,401 | €9,261 | -€140 | -1.5% |
| Total equity and liabilities | 10/49 | €262,440 | €236,774 | -€25,666 | -9.8% |
| Equity | 10/15 | €86,951 | €76,061 | -€10,889 | -12.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €51,808 | €43,030 | -€8,778 | -16.9% |
| Non-distributable reserves | 130/1 | €4,801 | €4,801 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,801 | €4,801 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,008 | €23,229 | -€8,778 | -27.4% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,945 | €26,834 | -€2,111 | -7.3% |
| Provisions and deferred taxes | 16 | €39,381 | €36,007 | -€3,374 | -8.6% |
| Deferred taxes | 168 | €39,381 | €36,007 | -€3,374 | -8.6% |
| Amounts payable | 17/49 | €136,108 | €124,705 | -€11,404 | -8.4% |
| Amounts payable after more than one year | 17 | €70,472 | €58,802 | -€11,670 | -16.6% |
| Financial debts | 170/4 | €70,472 | €58,802 | -€11,670 | -16.6% |
| Amounts payable within one year | 42/48 | €65,636 | €65,903 | +€267 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €11,539 | €11,670 | +€132 | +1.1% |
| Trade debts | 44 | €2,331 | €3,323 | +€992 | +42.5% |
| Suppliers | 440/4 | €2,331 | €3,323 | +€992 | +42.5% |
| Other amounts payable | 47/48 | €51,766 | €50,909 | -€857 | -1.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €28,828 | €22,428 | -€6,400 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,919 | €29,999 | -€3,920 | -11.6% |
| Other operating charges | 640/8 | €3,680 | €6,661 | +€2,982 | +81.0% |
| Gross operating margin | 9900 | €43,392 | €24,777 | -€18,615 | -42.9% |
| Operating profit (loss) | 9901 | €5,794 | -€11,883 | -€17,677 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €2,681 | €2,385 | -€296 | -11.0% |
| Recurring financial charges | 65 | €2,681 | €2,385 | -€296 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €3,112 | -€14,263 | -€17,375 | |
| Transfer from deferred taxes | 780 | €3,374 | €3,374 | = | 0.0% |
| Profit (loss) for the period | 9904 | €6,486 | -€10,889 | -€17,375 | |
| Transfer from tax-exempt reserves | 789 | €8,778 | €8,778 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,264 | -€2,111 | -€17,375 |
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 5 October 2026 via checked.be.