CLERM: 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.
CLERM
Largest movements
- Tangible fixed assets -€11,686
down €11,686 (-5.1%), from €229,175 to €217,489
of which Land and buildings: -€11,972
- Receivables within one year +€3,772
up €3,772 (+14.2%), from €26,640 to €30,412
of which Trade receivables: +€3,082
- Trade debts +€9,830
up €9,830 (+269.0%), from €3,655 to €13,485
- Other debts -€8,532
down €8,532 (-6.9%), from €124,445 to €115,913
- Debts after one year -€8,021
down €8,021 (-8.1%), from €98,830 to €90,809
- Profit (loss) carried forward -€6,063
down €6,063 (-48.0%), from €12,634 to €6,571
- Short-term financial debts +€5,002
up €5,002 (+382.8%), from €1,307 to €6,308
- Gross operating margin -€18,587
down €18,587 (-56.2%), from €33,060 to €14,473
- Taxes -€3,579
down €3,579 (-95.3%), from €3,757 to €178
- Depreciation +€722
up €722 (+5.5%), from €13,212 to €13,935
- Financial charges +€541
up €541 (+12.9%), from €4,183 to €4,724
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 | €258,377 | €251,701 | -€6,676 | -2.6% |
| Formation expenses | 20 | €498 | €238 | -€260 | -52.2% |
| Fixed assets | 21/28 | €229,175 | €217,489 | -€11,686 | -5.1% |
| Tangible fixed assets | 22/27 | €229,175 | €217,489 | -€11,686 | -5.1% |
| Land and buildings | 22 | €222,122 | €210,150 | -€11,972 | -5.4% |
| Plant, machinery and equipment | 23 | - | €1,677 | +€1,677 | |
| Furniture and vehicles | 24 | €7,053 | €5,662 | -€1,391 | -19.7% |
| Current assets | 29/58 | €28,703 | €33,973 | +€5,270 | +18.4% |
| Amounts receivable within one year | 40/41 | €26,640 | €30,412 | +€3,772 | +14.2% |
| Trade receivables | 40 | €25,293 | €28,375 | +€3,082 | +12.2% |
| Other amounts receivable | 41 | €1,346 | €2,037 | +€690 | +51.3% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €2,064 | €3,561 | +€1,498 | +72.6% |
| Total equity and liabilities | 10/49 | €258,377 | €251,701 | -€6,676 | -2.6% |
| Equity | 10/15 | €15,634 | €9,571 | -€6,063 | -38.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,634 | €6,571 | -€6,063 | -48.0% |
| Amounts payable | 17/49 | €242,742 | €242,129 | -€613 | -0.3% |
| Amounts payable after more than one year | 17 | €98,830 | €90,809 | -€8,021 | -8.1% |
| Financial debts | 170/4 | €98,830 | €90,809 | -€8,021 | -8.1% |
| Amounts payable within one year | 42/48 | €142,373 | €150,432 | +€8,058 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €7,870 | €8,021 | +€151 | +1.9% |
| Financial debts | 43 | €1,307 | €6,308 | +€5,002 | +382.8% |
| Credit institutions | 430/8 | €1,307 | €6,308 | +€5,002 | +382.8% |
| Trade debts | 44 | €3,655 | €13,485 | +€9,830 | +269.0% |
| Suppliers | 440/4 | €3,655 | €13,485 | +€9,830 | +269.0% |
| Taxes, remuneration and social security | 45 | €5,097 | €6,705 | +€1,608 | +31.5% |
| Taxes | 450/3 | €5,097 | €6,705 | +€1,608 | +31.5% |
| Other amounts payable | 47/48 | €124,445 | €115,913 | -€8,532 | -6.9% |
| Accrued charges and deferred income | 492/3 | €1,539 | €889 | -€650 | -42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,212 | €13,935 | +€722 | +5.5% |
| Other operating charges | 640/8 | €1,596 | €1,702 | +€105 | +6.6% |
| Gross operating margin | 9900 | €33,060 | €14,473 | -€18,587 | -56.2% |
| Operating profit (loss) | 9901 | €18,252 | -€1,163 | -€19,415 | |
| Financial income | 75/76B | €4 | €2 | -€2 | -46.3% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -46.3% |
| Financial charges | 65/66B | €4,183 | €4,724 | +€541 | +12.9% |
| Recurring financial charges | 65 | €4,183 | €4,724 | +€541 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €14,072 | -€5,886 | -€19,958 | |
| Income taxes | 67/77 | €3,757 | €178 | -€3,579 | -95.3% |
| Profit (loss) for the period | 9904 | €10,315 | -€6,063 | -€16,378 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,315 | -€6,063 | -€16,378 |
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.