Clerinco: 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.
Clerinco
Largest movements
- Tangible fixed assets -€49,994
down €49,994 (-5.5%), from €917,197 to €867,203
- Trade debts -€34,702
down €34,702 (-33.3%), from €104,104 to €69,403
- Reserves -€17,426
down €17,426 (-4.3%), from €404,660 to €387,234
of which Distributable reserves: -€17,426
- Gross operating margin -€48,183
down €48,183 (-33.6%), from €143,389 to €95,206
- Taxes -€9,000
down €9,000 (-100%), from €9,000 to €0
- Financial charges +€4,235
up €4,235 (+10.2%), from €41,479 to €45,714
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 | €1,531,496 | €1,474,073 | -€57,424 | -3.7% |
| Fixed assets | 21/28 | €917,197 | €867,203 | -€49,994 | -5.5% |
| Tangible fixed assets | 22/27 | €917,197 | €867,203 | -€49,994 | -5.5% |
| Land and buildings | 22 | €917,197 | €867,203 | -€49,994 | -5.5% |
| Current assets | 29/58 | €614,299 | €606,870 | -€7,429 | -1.2% |
| Stocks and contracts in progress | 3 | €586,616 | €585,058 | -€1,558 | -0.3% |
| Stocks | 30/36 | €586,616 | €585,058 | -€1,558 | -0.3% |
| Amounts receivable within one year | 40/41 | €12,800 | €11,595 | -€1,205 | -9.4% |
| Trade receivables | 40 | €1,541 | €336 | -€1,205 | -78.2% |
| Other amounts receivable | 41 | €11,259 | €11,259 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,590 | €5,428 | +€838 | +18.3% |
| Deferred charges and accrued income | 490/1 | €10,294 | €4,789 | -€5,504 | -53.5% |
| Total equity and liabilities | 10/49 | €1,531,496 | €1,474,073 | -€57,424 | -3.7% |
| Equity | 10/15 | €562,660 | €545,234 | -€17,426 | -3.1% |
| Contributions | 10/11 | €158,000 | €158,000 | = | 0.0% |
| Capital | 10 | €158,000 | €158,000 | = | 0.0% |
| Issued capital | 100 | €158,000 | €158,000 | = | 0.0% |
| Reserves | 13 | €404,660 | €387,234 | -€17,426 | -4.3% |
| Non-distributable reserves | 130/1 | €115,800 | €115,800 | = | 0.0% |
| Legal reserve | 130 | €115,800 | €115,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,503 | €2,503 | = | 0.0% |
| Distributable reserves | 133 | €286,357 | €268,931 | -€17,426 | -6.1% |
| Amounts payable | 17/49 | €968,837 | €928,839 | -€39,998 | -4.1% |
| Amounts payable within one year | 42/48 | €944,958 | €905,264 | -€39,694 | -4.2% |
| Trade debts | 44 | €104,104 | €69,403 | -€34,702 | -33.3% |
| Suppliers | 440/4 | €104,104 | €69,403 | -€34,702 | -33.3% |
| Advances received on contracts in progress | 46 | €11,237 | €0 | -€11,237 | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €829,617 | €835,862 | +€6,245 | +0.8% |
| Accrued charges and deferred income | 492/3 | €23,879 | €23,575 | -€304 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,403 | €49,994 | -€408 | -0.8% |
| Other operating charges | 640/8 | €16,543 | €16,923 | +€380 | +2.3% |
| Gross operating margin | 9900 | €143,389 | €95,206 | -€48,183 | -33.6% |
| Operating profit (loss) | 9901 | €76,443 | €28,288 | -€48,155 | -63.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €41,479 | €45,714 | +€4,235 | +10.2% |
| Recurring financial charges | 65 | €41,479 | €45,714 | +€4,235 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €34,964 | -€17,426 | -€52,390 | |
| Income taxes | 67/77 | €9,000 | €0 | -€9,000 | -100% |
| Profit (loss) for the period | 9904 | €25,965 | -€17,426 | -€43,391 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,965 | -€17,426 | -€43,391 |
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 27 October 2026 via checked.be.