CLERBATI: 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.
CLERBATI
Largest movements
- Receivables within one year +€60,134
up €60,134 (+42.9%), from €140,098 to €200,231
of which Trade receivables: +€68,235
- Cash +€36,173
up €36,173 (+29.6%), from €122,069 to €158,242
mainly Net result for the year (+€59,536) and Depreciation (+€51,641)
- Tangible fixed assets +€18,639
up €18,639 (+20.4%), from €91,538 to €110,177
of which Furniture and vehicles: +€30,219
- Profit (loss) carried forward +€59,536
up €59,536 (+149%), from €39,925 to €99,461
- Debts after one year +€23,470
up €23,470 (+78.1%), from €30,049 to €53,519
- Trade debts +€10,508
up €10,508 (+32.2%), from €32,662 to €43,171
- Tax, wage and social debts +€10,071
up €10,071 (+31.9%), from €31,583 to €41,655
of which Taxes: +€15,176
- Current portion of long-term debt +€5,407
up €5,407 (+24.5%), from €22,068 to €27,476
- Staff costs +€75,611
up €75,611 (+54.6%), from €138,376 to €213,987
- Gross operating margin +€44,738
up €44,738 (+14.9%), from €299,915 to €344,653
- Other operating charges -€6,244
down €6,244 (-82.5%), from €7,565 to €1,321
- Depreciation +€5,338
up €5,338 (+11.5%), from €46,303 to €51,641
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 | €357,212 | €469,950 | +€112,738 | +31.6% |
| Fixed assets | 21/28 | €92,163 | €110,802 | +€18,639 | +20.2% |
| Tangible fixed assets | 22/27 | €91,538 | €110,177 | +€18,639 | +20.4% |
| Plant, machinery and equipment | 23 | €42,872 | €31,292 | -€11,580 | -27.0% |
| Furniture and vehicles | 24 | €48,666 | €78,885 | +€30,219 | +62.1% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €265,049 | €359,147 | +€94,098 | +35.5% |
| Amounts receivable within one year | 40/41 | €140,098 | €200,231 | +€60,134 | +42.9% |
| Trade receivables | 40 | €126,310 | €194,545 | +€68,235 | +54.0% |
| Other amounts receivable | 41 | €13,788 | €5,687 | -€8,101 | -58.8% |
| Cash at bank and in hand | 54/58 | €122,069 | €158,242 | +€36,173 | +29.6% |
| Deferred charges and accrued income | 490/1 | €2,883 | €674 | -€2,209 | -76.6% |
| Total equity and liabilities | 10/49 | €357,212 | €469,950 | +€112,738 | +31.6% |
| Equity | 10/15 | €42,925 | €102,461 | +€59,536 | +139% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,925 | €99,461 | +€59,536 | +149% |
| Amounts payable | 17/49 | €314,287 | €367,488 | +€53,201 | +16.9% |
| Amounts payable after more than one year | 17 | €30,049 | €53,519 | +€23,470 | +78.1% |
| Financial debts | 170/4 | €30,049 | €53,519 | +€23,470 | +78.1% |
| Amounts payable within one year | 42/48 | €282,973 | €312,902 | +€29,929 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €22,068 | €27,476 | +€5,407 | +24.5% |
| Trade debts | 44 | €32,662 | €43,171 | +€10,508 | +32.2% |
| Suppliers | 440/4 | €32,662 | €43,171 | +€10,508 | +32.2% |
| Taxes, remuneration and social security | 45 | €31,583 | €41,655 | +€10,071 | +31.9% |
| Taxes | 450/3 | €16,880 | €32,056 | +€15,176 | +89.9% |
| Remuneration and social security | 454/9 | €14,704 | €9,599 | -€5,105 | -34.7% |
| Other amounts payable | 47/48 | €196,659 | €200,600 | +€3,942 | +2.0% |
| Accrued charges and deferred income | 492/3 | €1,266 | €1,068 | -€198 | -15.6% |
| Remuneration, social security and pensions | 62 | €138,376 | €213,987 | +€75,611 | +54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,303 | €51,641 | +€5,338 | +11.5% |
| Other operating charges | 640/8 | €7,565 | €1,321 | -€6,244 | -82.5% |
| Gross operating margin | 9900 | €299,915 | €344,653 | +€44,738 | +14.9% |
| Operating profit (loss) | 9901 | €107,671 | €77,704 | -€29,968 | -27.8% |
| Financial income | 75/76B | - | €75 | +€75 | |
| Recurring financial income | 75 | - | €75 | +€75 | |
| Financial charges | 65/66B | €2,369 | €3,169 | +€800 | +33.8% |
| Recurring financial charges | 65 | €2,369 | €3,169 | +€800 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €105,302 | €74,609 | -€30,693 | -29.1% |
| Income taxes | 67/77 | €13,991 | €15,073 | +€1,082 | +7.7% |
| Profit (loss) for the period | 9904 | €91,311 | €59,536 | -€31,774 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €91,311 | €59,536 | -€31,774 | -34.8% |
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 20 October 2026 via checked.be.