Clerens & vennoten: 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.
Clerens & vennoten
Largest movements
- Tangible fixed assets +€69,499
up €69,499 (+21.0%), from €331,290 to €400,790
of which Plant, machinery and equipment: +€84,159
- Current investments +€17,503
up €17,503 (+12.6%), from €138,797 to €156,300
- Receivables within one year +€17,152
up €17,152 (+44.2%), from €38,782 to €55,935
of which Trade receivables: +€19,961
- Cash +€9,894
up €9,894 (+4.9%), from €202,128 to €212,022
mainly Net result for the year (+€138,696) and Depreciation (+€50,322)
- Reserves +€138,696
up €138,696 (+30.2%), from €459,785 to €598,481
of which Distributable reserves: +€138,696
- Other debts -€43,513
down €43,513 (-87.1%), from €49,937 to €6,423
- Tax, wage and social debts +€11,060
new in 2025: €11,060
- Gross operating margin +€39,698
up €39,698 (+19.1%), from €207,389 to €247,087
- Depreciation +€9,737
up €9,737 (+24.0%), from €40,585 to €50,322
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 | €711,322 | €825,371 | +€114,049 | +16.0% |
| Fixed assets | 21/28 | €331,615 | €401,115 | +€69,499 | +21.0% |
| Tangible fixed assets | 22/27 | €331,290 | €400,790 | +€69,499 | +21.0% |
| Land and buildings | 22 | €217,607 | €207,154 | -€10,454 | -4.8% |
| Plant, machinery and equipment | 23 | €98,032 | €182,192 | +€84,159 | +85.8% |
| Furniture and vehicles | 24 | €15,651 | €11,444 | -€4,206 | -26.9% |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €379,707 | €424,257 | +€44,550 | +11.7% |
| Amounts receivable within one year | 40/41 | €38,782 | €55,935 | +€17,152 | +44.2% |
| Trade receivables | 40 | €16,277 | €36,238 | +€19,961 | +123% |
| Other amounts receivable | 41 | €22,505 | €19,696 | -€2,809 | -12.5% |
| Current investments | 50/53 | €138,797 | €156,300 | +€17,503 | +12.6% |
| Cash at bank and in hand | 54/58 | €202,128 | €212,022 | +€9,894 | +4.9% |
| Total equity and liabilities | 10/49 | €711,322 | €825,371 | +€114,049 | +16.0% |
| Equity | 10/15 | €602,371 | €741,067 | +€138,696 | +23.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €459,785 | €598,481 | +€138,696 | +30.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,622 | €14,622 | = | 0.0% |
| Distributable reserves | 133 | €443,163 | €581,859 | +€138,696 | +31.3% |
| Profit (loss) carried forward | 14 | €130,186 | €130,186 | = | 0.0% |
| Amounts payable | 17/49 | €108,951 | €84,304 | -€24,648 | -22.6% |
| Amounts payable within one year | 42/48 | €108,951 | €84,304 | -€24,648 | -22.6% |
| Trade debts | 44 | €26,673 | €34,478 | +€7,806 | +29.3% |
| Suppliers | 440/4 | €26,673 | €34,478 | +€7,806 | +29.3% |
| Advances received on contracts in progress | 46 | €32,342 | €32,342 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €11,060 | +€11,060 | |
| Taxes | 450/3 | - | €11,060 | +€11,060 | |
| Other amounts payable | 47/48 | €49,937 | €6,423 | -€43,513 | -87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,585 | €50,322 | +€9,737 | +24.0% |
| Other operating charges | 640/8 | €1,828 | €2,946 | +€1,118 | +61.2% |
| Gross operating margin | 9900 | €207,389 | €247,087 | +€39,698 | +19.1% |
| Operating profit (loss) | 9901 | €164,977 | €193,820 | +€28,843 | +17.5% |
| Financial income | 75/76B | €1,588 | €2,321 | +€733 | +46.1% |
| Recurring financial income | 75 | €1,588 | €2,321 | +€733 | +46.1% |
| Financial charges | 65/66B | €723 | €2,686 | +€1,962 | +271% |
| Recurring financial charges | 65 | €723 | €2,686 | +€1,962 | +271% |
| Profit (loss) for the period before taxes | 9903 | €165,842 | €193,456 | +€27,613 | +16.7% |
| Income taxes | 67/77 | €55,429 | €54,759 | -€670 | -1.2% |
| Profit (loss) for the period | 9904 | €110,413 | €138,696 | +€28,283 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €110,413 | €138,696 | +€28,283 | +25.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.