Cleophas: 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.
Cleophas
Largest movements
- Receivables within one year +€102,430
up €102,430 (+11.5%), from €887,271 to €989,701
of which Other amounts receivable: +€86,766
- Tangible fixed assets -€60,054
down €60,054 (-12.9%), from €464,050 to €403,995
- Cash +€40,860
up €40,860 (+41.4%), from €98,623 to €139,483
mainly Net result for the year (+€123,936) and Depreciation (+€113,181)
- Profit (loss) carried forward +€123,936
up €123,936 (+22.7%), from €546,694 to €670,630
- Debts after one year -€77,737
down €77,737 (-24.1%), from €321,921 to €244,184
- Trade debts +€26,534
up €26,534 (+24.5%), from €108,345 to €134,879
- Gross operating margin +€162,038
up €162,038 (+14.6%), from €1.1m to €1.3m
- Staff costs +€88,499
up €88,499 (+9.8%), from €898,993 to €987,493
- Depreciation +€24,751
up €24,751 (+28.0%), from €88,430 to €113,181
- Taxes +€16,068
up €16,068 (+50.0%), from €32,109 to €48,176
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 | €1,469,510 | €1,551,370 | +€81,860 | +5.6% |
| Fixed assets | 21/28 | €466,350 | €404,796 | -€61,554 | -13.2% |
| Tangible fixed assets | 22/27 | €464,050 | €403,995 | -€60,054 | -12.9% |
| Plant, machinery and equipment | 23 | €70,807 | €55,518 | -€15,289 | -21.6% |
| Furniture and vehicles | 24 | €149,506 | €152,934 | +€3,428 | +2.3% |
| Leasing and similar rights | 25 | €99,709 | €79,150 | -€20,560 | -20.6% |
| Other tangible fixed assets | 26 | €144,028 | €116,393 | -€27,634 | -19.2% |
| Financial fixed assets | 28 | €2,301 | €801 | -€1,500 | -65.2% |
| Current assets | 29/58 | €1,003,160 | €1,146,574 | +€143,414 | +14.3% |
| Stocks and contracts in progress | 3 | €16,211 | €16,002 | -€209 | -1.3% |
| Stocks | 30/36 | €16,211 | €16,002 | -€209 | -1.3% |
| Amounts receivable within one year | 40/41 | €887,271 | €989,701 | +€102,430 | +11.5% |
| Trade receivables | 40 | €42,053 | €57,717 | +€15,664 | +37.2% |
| Other amounts receivable | 41 | €845,218 | €931,983 | +€86,766 | +10.3% |
| Cash at bank and in hand | 54/58 | €98,623 | €139,483 | +€40,860 | +41.4% |
| Deferred charges and accrued income | 490/1 | €1,055 | €1,388 | +€334 | +31.6% |
| Total equity and liabilities | 10/49 | €1,469,510 | €1,551,370 | +€81,860 | +5.6% |
| Equity | 10/15 | €846,694 | €970,630 | +€123,936 | +14.6% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €546,694 | €670,630 | +€123,936 | +22.7% |
| Amounts payable | 17/49 | €622,817 | €580,740 | -€42,076 | -6.8% |
| Amounts payable after more than one year | 17 | €321,921 | €244,184 | -€77,737 | -24.1% |
| Financial debts | 170/4 | €321,921 | €244,184 | -€77,737 | -24.1% |
| Amounts payable within one year | 42/48 | €300,896 | €336,556 | +€35,661 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €136,009 | €136,647 | +€638 | +0.5% |
| Trade debts | 44 | €108,345 | €134,879 | +€26,534 | +24.5% |
| Suppliers | 440/4 | €108,345 | €134,879 | +€26,534 | +24.5% |
| Taxes, remuneration and social security | 45 | €56,542 | €65,030 | +€8,489 | +15.0% |
| Taxes | 450/3 | €222 | €18,290 | +€18,068 | +8144.1% |
| Remuneration and social security | 454/9 | €56,320 | €46,741 | -€9,579 | -17.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,500 | €0 | -€2,500 | -100.0% |
| Remuneration, social security and pensions | 62 | €898,993 | €987,493 | +€88,499 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,430 | €113,181 | +€24,751 | +28.0% |
| Other operating charges | 640/8 | €3,651 | €3,118 | -€534 | -14.6% |
| Gross operating margin | 9900 | €1,108,245 | €1,270,283 | +€162,038 | +14.6% |
| Operating profit (loss) | 9901 | €117,170 | €166,491 | +€49,321 | +42.1% |
| Financial income | 75/76B | €29,007 | €31,016 | +€2,009 | +6.9% |
| Recurring financial income | 75 | €29,007 | €31,016 | +€2,009 | +6.9% |
| Financial charges | 65/66B | €18,446 | €25,394 | +€6,948 | +37.7% |
| Recurring financial charges | 65 | €18,446 | €25,394 | +€6,948 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €127,731 | €172,113 | +€44,382 | +34.7% |
| Income taxes | 67/77 | €32,109 | €48,176 | +€16,068 | +50.0% |
| Profit (loss) for the period | 9904 | €95,622 | €123,936 | +€28,314 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €95,622 | €123,936 | +€28,314 | +29.6% |
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 9 October 2026 via checked.be.