CLEN: 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.
CLEN
Largest movements
- Current investments -€311,755
down €311,755 (-36.9%), from €845,805 to €534,050
- Receivables within one year +€190,930
up €190,930 (+22.5%), from €848,400 to €1.0m
- Debts after one year -€600,000
no longer reported in 2026 (was €600,000)
- Short-term financial debts +€360,000
up €360,000 (+378.9%), from €95,000 to €455,000
- Profit (loss) carried forward +€116,523
up €116,523 (+9.5%), from €1.2m to €1.3m
- Financial income +€244,915
up €244,915 (+46055.6%), from €532 to €245,446
- Financial charges +€49,335
up €49,335 (+173.3%), from €28,476 to €77,812
of which Financial charges: +€74,349
- Taxes +€30,518
new in 2026: €30,518
- Write-downs +€12,015
new in 2026: €12,015
- Other operating charges +€1,809
up €1,809 (+38.3%), from €4,720 to €6,529
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,940,020 | €1,817,456 | -€122,564 | -6.3% |
| Fixed assets | 21/28 | €245,603 | €232,845 | -€12,759 | -5.2% |
| Tangible fixed assets | 22/27 | €224,303 | €211,945 | -€12,359 | -5.5% |
| Land and buildings | 22 | €218,848 | €207,526 | -€11,322 | -5.2% |
| Plant, machinery and equipment | 23 | €5,455 | €4,419 | -€1,037 | -19.0% |
| Financial fixed assets | 28 | €21,300 | €20,900 | -€400 | -1.9% |
| Current assets | 29/58 | €1,694,417 | €1,584,611 | -€109,806 | -6.5% |
| Amounts receivable within one year | 40/41 | €848,400 | €1,039,329 | +€190,930 | +22.5% |
| Other amounts receivable | 41 | €848,400 | €1,039,329 | +€190,930 | +22.5% |
| Current investments | 50/53 | €845,805 | €534,050 | -€311,755 | -36.9% |
| Cash at bank and in hand | 54/58 | €212 | €6,735 | +€6,523 | +3071.4% |
| Deferred charges and accrued income | 490/1 | - | €4,497 | +€4,497 | |
| Total equity and liabilities | 10/49 | €1,940,020 | €1,817,456 | -€122,564 | -6.3% |
| Equity | 10/15 | €1,245,020 | €1,361,543 | +€116,523 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,224,560 | €1,341,083 | +€116,523 | +9.5% |
| Amounts payable | 17/49 | €695,000 | €455,912 | -€239,088 | -34.4% |
| Amounts payable after more than one year | 17 | €600,000 | - | -€600,000 | |
| Other amounts payable | 178/9 | €600,000 | - | -€600,000 | |
| Amounts payable within one year | 42/48 | €95,000 | €455,912 | +€360,912 | +379.9% |
| Financial debts | 43 | €95,000 | €455,000 | +€360,000 | +378.9% |
| Credit institutions | 430/8 | €95,000 | €455,000 | +€360,000 | +378.9% |
| Trade debts | 44 | - | €715 | +€715 | |
| Suppliers | 440/4 | - | €715 | +€715 | |
| Taxes, remuneration and social security | 45 | - | €197 | +€197 | |
| Taxes | 450/3 | - | €197 | +€197 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,359 | €12,359 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,015 | +€12,015 | |
| Other operating charges | 640/8 | €4,720 | €6,529 | +€1,809 | +38.3% |
| Gross operating margin | 9900 | €8,826 | €10,309 | +€1,483 | +16.8% |
| Operating profit (loss) | 9901 | -€8,252 | -€20,594 | -€12,341 | -149.6% |
| Financial income | 75/76B | €532 | €245,446 | +€244,915 | +46055.6% |
| Recurring financial income | 75 | €532 | €245,446 | +€244,915 | +46055.6% |
| Financial charges | 65/66B | €28,476 | €77,812 | +€49,335 | +173.3% |
| Recurring financial charges | 65 | €3,463 | €77,812 | +€74,349 | +2147.1% |
| Non-recurring financial charges | 66B | €25,014 | - | -€25,014 | |
| Profit (loss) for the period before taxes | 9903 | -€36,197 | €147,041 | +€183,238 | |
| Income taxes | 67/77 | - | €30,518 | +€30,518 | |
| Profit (loss) for the period | 9904 | -€36,197 | €116,523 | +€152,720 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,197 | €116,523 | +€152,720 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.