Clémentine VOLDERS: 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.
Clémentine VOLDERS
Largest movements
- Receivables within one year -€21,360
down €21,360 (-55.7%), from €38,316 to €16,956
of which Trade receivables: -€15,867
- Tangible fixed assets -€10,285
down €10,285 (-26.5%), from €38,829 to €28,544
- Cash +€3,619
up €3,619 (+57.7%), from €6,275 to €9,894
mainly Receivables within one year (+€21,360) and Depreciation (+€10,285)
- Profit (loss) carried forward -€18,568
down €18,568, from €13,748 to -€4,819
- Debts after one year -€8,483
down €8,483 (-28.9%), from €29,370 to €20,887
- Accrued charges and deferred income -€3,000
no longer reported in 2025 (was €3,000)
- Tax, wage and social debts +€2,313
up €2,313 (+44.2%), from €5,232 to €7,545
of which Remuneration and social security: +€2,313
- Other debts -€1,474
down €1,474 (-72.9%), from €2,024 to €549
- Other operating charges +€16,425
up €16,425 (+1,633%), from €1,006 to €17,431
- Gross operating margin +€12,262
up €12,262, from -€1,660 to €10,602
- Financial charges -€307
down €307 (-18.8%), from €1,628 to €1,321
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 | €84,157 | €55,826 | -€28,331 | -33.7% |
| Fixed assets | 21/28 | €38,829 | €28,544 | -€10,285 | -26.5% |
| Tangible fixed assets | 22/27 | €38,829 | €28,544 | -€10,285 | -26.5% |
| Leasing and similar rights | 25 | €38,829 | €28,544 | -€10,285 | -26.5% |
| Current assets | 29/58 | €45,328 | €27,282 | -€18,046 | -39.8% |
| Amounts receivable within one year | 40/41 | €38,316 | €16,956 | -€21,360 | -55.7% |
| Trade receivables | 40 | €28,455 | €12,588 | -€15,867 | -55.8% |
| Other amounts receivable | 41 | €9,861 | €4,368 | -€5,494 | -55.7% |
| Cash at bank and in hand | 54/58 | €6,275 | €9,894 | +€3,619 | +57.7% |
| Deferred charges and accrued income | 490/1 | €737 | €432 | -€305 | -41.4% |
| Total equity and liabilities | 10/49 | €84,157 | €55,826 | -€28,331 | -33.7% |
| Equity | 10/15 | €36,248 | €17,681 | -€18,568 | -51.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,748 | -€4,819 | -€18,568 | |
| Amounts payable | 17/49 | €47,909 | €38,146 | -€9,764 | -20.4% |
| Amounts payable after more than one year | 17 | €29,370 | €20,887 | -€8,483 | -28.9% |
| Financial debts | 170/4 | €29,370 | €20,887 | -€8,483 | -28.9% |
| Amounts payable within one year | 42/48 | €15,539 | €17,259 | +€1,720 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €8,194 | €8,483 | +€289 | +3.5% |
| Trade debts | 44 | €89 | €681 | +€592 | +665% |
| Suppliers | 440/4 | €89 | €681 | +€592 | +665% |
| Taxes, remuneration and social security | 45 | €5,232 | €7,545 | +€2,313 | +44.2% |
| Taxes | 450/3 | €2,875 | €2,875 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,357 | €4,670 | +€2,313 | +98.1% |
| Other amounts payable | 47/48 | €2,024 | €549 | -€1,474 | -72.9% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,285 | €10,285 | = | 0.0% |
| Other operating charges | 640/8 | €1,006 | €17,431 | +€16,425 | +1,633% |
| Gross operating margin | 9900 | -€1,660 | €10,602 | +€12,262 | |
| Operating profit (loss) | 9901 | -€12,951 | -€17,114 | -€4,163 | -32.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,628 | €1,321 | -€307 | -18.8% |
| Recurring financial charges | 65 | €1,628 | €1,321 | -€307 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,579 | -€18,435 | -€3,856 | -26.4% |
| Income taxes | 67/77 | €139 | €132 | -€6 | -4.7% |
| Profit (loss) for the period | 9904 | -€14,718 | -€18,568 | -€3,850 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,718 | -€18,568 | -€3,850 | -26.2% |
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 30 October 2026 via checked.be.