Cleuren Connect: 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.
Cleuren Connect
Largest movements
- Cash +€24,572
up €24,572 (+95.4%), from €25,764 to €50,336
mainly Net result for the year (+€21,557) and Tax, wage and social debts (+€3,203)
- Reserves +€21,557
up €21,557 (+71.3%), from €30,245 to €51,802
- Tax, wage and social debts +€3,203
up €3,203 (+64.9%), from €4,933 to €8,137
- Accrued charges and deferred income -€1,250
down €1,250 (-55.6%), from €2,250 to €1,000
- Gross operating margin -€10,650
down €10,650 (-27.8%), from €38,347 to €27,697
- Taxes -€2,017
down €2,017 (-26.5%), from €7,608 to €5,591
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 | €43,970 | €67,504 | +€23,534 | +53.5% |
| Fixed assets | 21/28 | €1,280 | €905 | -€375 | -29.3% |
| Tangible fixed assets | 22/27 | €1,280 | €905 | -€375 | -29.3% |
| Furniture and vehicles | 24 | €1,280 | €905 | -€375 | -29.3% |
| Current assets | 29/58 | €42,690 | €66,599 | +€23,909 | +56.0% |
| Amounts receivable within one year | 40/41 | €16,026 | €16,024 | -€2 | 0.0% |
| Trade receivables | 40 | €8,200 | €16,024 | +€7,824 | +95.4% |
| Other amounts receivable | 41 | €7,826 | €0 | -€7,826 | -100% |
| Cash at bank and in hand | 54/58 | €25,764 | €50,336 | +€24,572 | +95.4% |
| Deferred charges and accrued income | 490/1 | €900 | €239 | -€661 | -73.4% |
| Total equity and liabilities | 10/49 | €43,970 | €67,504 | +€23,534 | +53.5% |
| Equity | 10/15 | €35,245 | €56,802 | +€21,557 | +61.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,245 | €51,802 | +€21,557 | +71.3% |
| Distributable reserves | 133 | €30,245 | €51,802 | +€21,557 | +71.3% |
| Amounts payable | 17/49 | €8,725 | €10,702 | +€1,977 | +22.7% |
| Amounts payable within one year | 42/48 | €6,475 | €9,702 | +€3,227 | +49.8% |
| Trade debts | 44 | €1,541 | €907 | -€634 | -41.2% |
| Suppliers | 440/4 | €1,541 | €907 | -€634 | -41.2% |
| Taxes, remuneration and social security | 45 | €4,933 | €8,137 | +€3,203 | +64.9% |
| Taxes | 450/3 | €4,933 | €8,137 | +€3,203 | +64.9% |
| Other amounts payable | 47/48 | - | €658 | +€658 | |
| Accrued charges and deferred income | 492/3 | €2,250 | €1,000 | -€1,250 | -55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220 | €375 | +€155 | +70.2% |
| Other operating charges | 640/8 | €148 | €150 | +€2 | +1.4% |
| Gross operating margin | 9900 | €38,347 | €27,697 | -€10,650 | -27.8% |
| Operating profit (loss) | 9901 | €37,979 | €27,172 | -€10,807 | -28.5% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €125 | €48 | -€78 | -62.0% |
| Recurring financial charges | 65 | €125 | €48 | -€78 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €37,853 | €27,149 | -€10,705 | -28.3% |
| Income taxes | 67/77 | €7,608 | €5,591 | -€2,017 | -26.5% |
| Profit (loss) for the period | 9904 | €30,245 | €21,557 | -€8,688 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,245 | €21,557 | -€8,688 | -28.7% |
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 14 October 2026 via checked.be.