CLEOSA: 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.
CLEOSA
Largest movements
- Stocks and contracts +€643
up €643 (+10.5%), from €6,107 to €6,750
- Formation expenses -€268
down €268 (-85.9%), from €312 to €44
- Current investments -€143
down €143 (-20.7%), from €691 to €548
- Receivables within one year +€101
up €101 (+420.8%), from €24 to €125
- Other debts +€1,302
up €1,302 (+18.1%), from €7,209 to €8,511
- Profit (loss) carried forward -€1,187
down €1,187 (-34.2%), from -€3,469 to -€4,656
- Tax, wage and social debts +€536
up €536 (+61.3%), from €875 to €1,411
- Trade debts -€318
down €318 (-61.3%), from €519 to €201
- Gross operating margin -€5,029
down €5,029, from €3,301 to -€1,728
- Purchases and services +€3,248
up €3,248 (+15.0%), from €21,708 to €24,956
- Write-downs -€1,814
down €1,814, from €288 to -€1,526
- Turnover -€1,781
down €1,781 (-7.1%), from €25,009 to €23,228
- Other operating charges -€428
down €428 (-100.0%), from €428 to €0
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,134 | €7,467 | +€333 | +4.7% |
| Formation expenses | 20 | €312 | €44 | -€268 | -85.9% |
| Current assets | 29/58 | €6,822 | €7,423 | +€601 | +8.8% |
| Stocks and contracts in progress | 3 | €6,107 | €6,750 | +€643 | +10.5% |
| Stocks | 30/36 | €6,107 | €6,750 | +€643 | +10.5% |
| Amounts receivable within one year | 40/41 | €24 | €125 | +€101 | +420.8% |
| Trade receivables | 40 | €24 | €125 | +€101 | +420.8% |
| Current investments | 50/53 | €691 | €548 | -€143 | -20.7% |
| Total equity and liabilities | 10/49 | €7,134 | €7,467 | +€333 | +4.7% |
| Equity | 10/15 | -€1,469 | -€2,656 | -€1,187 | -80.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,469 | -€4,656 | -€1,187 | -34.2% |
| Amounts payable | 17/49 | €8,603 | €10,123 | +€1,520 | +17.7% |
| Amounts payable within one year | 42/48 | €8,603 | €10,123 | +€1,520 | +17.7% |
| Trade debts | 44 | €519 | €201 | -€318 | -61.3% |
| Suppliers | 440/4 | €519 | €201 | -€318 | -61.3% |
| Taxes, remuneration and social security | 45 | €875 | €1,411 | +€536 | +61.3% |
| Taxes | 450/3 | €875 | €1,411 | +€536 | +61.3% |
| Other amounts payable | 47/48 | €7,209 | €8,511 | +€1,302 | +18.1% |
| Turnover | 70 | €25,009 | €23,228 | -€1,781 | -7.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €21,708 | €24,956 | +€3,248 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €267 | +€1 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €288 | -€1,526 | -€1,814 | |
| Other operating charges | 640/8 | €428 | €0 | -€428 | -100.0% |
| Gross operating margin | 9900 | €3,301 | -€1,728 | -€5,029 | |
| Operating profit (loss) | 9901 | €2,319 | -€469 | -€2,788 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €855 | €724 | -€131 | -15.3% |
| Recurring financial charges | 65 | €855 | €724 | -€131 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €1,464 | -€1,187 | -€2,651 | |
| Profit (loss) for the period | 9904 | €1,464 | -€1,187 | -€2,651 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,464 | -€1,187 | -€2,651 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.