CLEMENTINE GILSON: 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.
CLEMENTINE GILSON
Largest movements
- Cash -€3,938
down €3,938 (-99.8%), from €3,945 to €8
mainly Net result for the year (-€10,197) and Receivables within one year (-€1,327)
- Receivables within one year +€1,327
up €1,327 (+18.6%), from €7,130 to €8,457
of which Trade receivables: +€2,736
- Tangible fixed assets -€1,249
down €1,249 (-31.3%), from €3,990 to €2,741
of which Leasing and similar rights: -€663
- Profit (loss) carried forward -€10,197
down €10,197, from €4,357 to -€5,840
- Other debts +€3,366
new in 2025: €3,366
- Advances received +€2,585
up €2,585 (+420%), from €616 to €3,201
- Trade debts +€1,370
up €1,370 (+22.4%), from €6,110 to €7,479
- Tax, wage and social debts -€983
no longer reported in 2025 (was €983)
- Gross operating margin -€6,033
down €6,033 (-260%), from -€2,323 to -€8,355
- Depreciation +€133
up €133 (+11.9%), from €1,116 to €1,249
- Other operating charges -€107
down €107 (-16.9%), from €634 to €527
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 | €15,065 | €11,206 | -€3,859 | -25.6% |
| Fixed assets | 21/28 | €3,990 | €2,741 | -€1,249 | -31.3% |
| Tangible fixed assets | 22/27 | €3,990 | €2,741 | -€1,249 | -31.3% |
| Furniture and vehicles | 24 | €2,527 | €2,022 | -€505 | -20.0% |
| Leasing and similar rights | 25 | €935 | €272 | -€663 | -70.9% |
| Other tangible fixed assets | 26 | €528 | €447 | -€80 | -15.2% |
| Current assets | 29/58 | €11,075 | €8,465 | -€2,610 | -23.6% |
| Amounts receivable within one year | 40/41 | €7,130 | €8,457 | +€1,327 | +18.6% |
| Trade receivables | 40 | €2,800 | €5,537 | +€2,736 | +97.7% |
| Other amounts receivable | 41 | €4,329 | €2,920 | -€1,409 | -32.5% |
| Cash at bank and in hand | 54/58 | €3,945 | €8 | -€3,938 | -99.8% |
| Total equity and liabilities | 10/49 | €15,065 | €11,206 | -€3,859 | -25.6% |
| Equity | 10/15 | €7,357 | -€2,840 | -€10,197 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,357 | -€5,840 | -€10,197 | |
| Amounts payable | 17/49 | €7,708 | €14,046 | +€6,338 | +82.2% |
| Amounts payable within one year | 42/48 | €7,708 | €14,046 | +€6,338 | +82.2% |
| Trade debts | 44 | €6,110 | €7,479 | +€1,370 | +22.4% |
| Suppliers | 440/4 | €6,110 | €7,479 | +€1,370 | +22.4% |
| Advances received on contracts in progress | 46 | €616 | €3,201 | +€2,585 | +420% |
| Taxes, remuneration and social security | 45 | €983 | - | -€983 | |
| Taxes | 450/3 | €983 | - | -€983 | |
| Other amounts payable | 47/48 | - | €3,366 | +€3,366 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,116 | €1,249 | +€133 | +11.9% |
| Other operating charges | 640/8 | €634 | €527 | -€107 | -16.9% |
| Gross operating margin | 9900 | -€2,323 | -€8,355 | -€6,033 | -260% |
| Operating profit (loss) | 9901 | -€4,072 | -€10,131 | -€6,059 | -149% |
| Financial charges | 65/66B | €85 | €65 | -€20 | -23.3% |
| Recurring financial charges | 65 | €85 | €65 | -€20 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,158 | -€10,197 | -€6,039 | -145% |
| Profit (loss) for the period | 9904 | -€4,158 | -€10,197 | -€6,039 | -145% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,158 | -€10,197 | -€6,039 | -145% |
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 30 October 2026 via checked.be.