CLEMO INVEST: 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.
CLEMO INVEST
Largest movements
- Tangible fixed assets -€54,208
down €54,208 (-2.1%), from €2.6m to €2.5m
of which Land and buildings: -€43,387
- Receivables within one year -€50,313
down €50,313 (-35.4%), from €142,238 to €91,925
of which Trade receivables: -€119,694
- Debts after one year -€223,376
down €223,376 (-8.0%), from €2.8m to €2.6m
- Other debts +€205,693
up €205,693 (+15.7%), from €1.3m to €1.5m
- Profit (loss) carried forward -€81,389
down €81,389 (-20.0%), from -€407,279 to -€488,668
- Short-term financial debts +€50,000
new in 2025: €50,000
- Financial charges -€44,219
down €44,219 (-25.9%), from €170,561 to €126,342
- Gross operating margin +€14,032
up €14,032 (+11.2%), from €125,573 to €139,605
- Depreciation +€13,355
up €13,355 (+20.1%), from €66,470 to €79,825
- Other operating charges +€1,397
up €1,397 (+10.9%), from €12,872 to €14,268
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 | €3,944,128 | €3,885,010 | -€59,118 | -1.5% |
| Fixed assets | 21/28 | €2,554,953 | €2,500,745 | -€54,208 | -2.1% |
| Tangible fixed assets | 22/27 | €2,554,953 | €2,500,745 | -€54,208 | -2.1% |
| Land and buildings | 22 | €2,521,257 | €2,477,871 | -€43,387 | -1.7% |
| Furniture and vehicles | 24 | €33,696 | €22,874 | -€10,822 | -32.1% |
| Current assets | 29/58 | €1,389,175 | €1,384,265 | -€4,910 | -0.4% |
| Stocks and contracts in progress | 3 | €1,220,496 | €1,259,157 | +€38,661 | +3.2% |
| Stocks | 30/36 | €1,220,496 | €1,259,157 | +€38,661 | +3.2% |
| Amounts receivable within one year | 40/41 | €142,238 | €91,925 | -€50,313 | -35.4% |
| Trade receivables | 40 | €120,000 | €306 | -€119,694 | -99.7% |
| Other amounts receivable | 41 | €22,238 | €91,619 | +€69,381 | +312% |
| Cash at bank and in hand | 54/58 | €22,740 | €22,577 | -€163 | -0.7% |
| Deferred charges and accrued income | 490/1 | €3,700 | €10,605 | +€6,905 | +187% |
| Total equity and liabilities | 10/49 | €3,944,128 | €3,885,010 | -€59,118 | -1.5% |
| Equity | 10/15 | -€401,079 | -€482,468 | -€81,389 | -20.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€407,279 | -€488,668 | -€81,389 | -20.0% |
| Amounts payable | 17/49 | €4,345,207 | €4,367,478 | +€22,271 | +0.5% |
| Amounts payable after more than one year | 17 | €2,785,105 | €2,561,729 | -€223,376 | -8.0% |
| Financial debts | 170/4 | €2,785,105 | €2,561,729 | -€223,376 | -8.0% |
| Amounts payable within one year | 42/48 | €1,560,102 | €1,805,749 | +€245,647 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €234,250 | €236,431 | +€2,181 | +0.9% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €19,349 | €6,542 | -€12,807 | -66.2% |
| Suppliers | 440/4 | €19,349 | €6,542 | -€12,807 | -66.2% |
| Taxes, remuneration and social security | 45 | - | €580 | +€580 | |
| Taxes | 450/3 | - | €580 | +€580 | |
| Other amounts payable | 47/48 | €1,306,504 | €1,512,197 | +€205,693 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,470 | €79,825 | +€13,355 | +20.1% |
| Other operating charges | 640/8 | €12,872 | €14,268 | +€1,397 | +10.9% |
| Gross operating margin | 9900 | €125,573 | €139,605 | +€14,032 | +11.2% |
| Operating profit (loss) | 9901 | €46,231 | €45,511 | -€720 | -1.6% |
| Financial income | 75/76B | €20 | €21 | +€1 | +5.8% |
| Recurring financial income | 75 | €20 | €21 | +€1 | +5.8% |
| Financial charges | 65/66B | €170,561 | €126,342 | -€44,219 | -25.9% |
| Recurring financial charges | 65 | €170,561 | €126,342 | -€44,219 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | -€124,309 | -€80,809 | +€43,500 | +35.0% |
| Income taxes | 67/77 | -€4 | €580 | +€584 | |
| Profit (loss) for the period | 9904 | -€124,306 | -€81,389 | +€42,916 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€124,306 | -€81,389 | +€42,916 | +34.5% |
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 31 October 2026 via checked.be.