CLEVE THIERRY: what changed
Two fiscal 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.
CLEVE THIERRY
Largest movements
- Tangible fixed assets -€53,264
down €53,264 (-27.0%), from €197,355 to €144,091
of which Furniture and vehicles: -€52,638
- Cash -€52,224
down €52,224 (-62.5%), from €83,541 to €31,318
mainly Other debts (-€46,185) and Debts after one year (-€33,885)
- Other debts -€46,185
down €46,185 (-14.5%), from €318,734 to €272,549
- Debts after one year -€33,885
down €33,885 (-25.6%), from €132,509 to €98,624
- Profit (loss) carried forward -€22,445
down €22,445, from €825 to -€21,620
- Gross operating margin -€66,851
down €66,851 (-61.5%), from €108,738 to €41,887
- Financial charges -€36,812
down €36,812 (-77.6%), from €47,442 to €10,630
- Other operating charges -€12,375
down €12,375 (-99.5%), from €12,438 to €63
- Depreciation +€5,738
up €5,738 (+12.1%), from €47,527 to €53,264
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 | €651,206 | €546,179 | -€105,027 | -16.1% |
| Fixed assets | 21/28 | €197,355 | €144,091 | -€53,264 | -27.0% |
| Tangible fixed assets | 22/27 | €197,355 | €144,091 | -€53,264 | -27.0% |
| Plant, machinery and equipment | 23 | €1,254 | €627 | -€627 | -50.0% |
| Furniture and vehicles | 24 | €196,102 | €143,464 | -€52,638 | -26.8% |
| Current assets | 29/58 | €453,851 | €402,088 | -€51,763 | -11.4% |
| Amounts receivable within one year | 40/41 | €306,296 | €306,641 | +€345 | +0.1% |
| Trade receivables | 40 | €3,514 | - | -€3,514 | |
| Other amounts receivable | 41 | €302,782 | €306,641 | +€3,859 | +1.3% |
| Cash at bank and in hand | 54/58 | €83,541 | €31,318 | -€52,224 | -62.5% |
| Deferred charges and accrued income | 490/1 | €64,013 | €64,129 | +€116 | +0.2% |
| Total equity and liabilities | 10/49 | €651,206 | €546,179 | -€105,027 | -16.1% |
| Equity | 10/15 | €103,125 | €80,680 | -€22,445 | -21.8% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €9,300 | €9,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,300 | €9,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,300 | €9,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €825 | -€21,620 | -€22,445 | |
| Amounts payable | 17/49 | €548,081 | €465,499 | -€82,583 | -15.1% |
| Amounts payable after more than one year | 17 | €132,509 | €98,624 | -€33,885 | -25.6% |
| Financial debts | 170/4 | €132,509 | €98,624 | -€33,885 | -25.6% |
| Amounts payable within one year | 42/48 | €415,572 | €366,874 | -€48,698 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €38,646 | €33,885 | -€4,762 | -12.3% |
| Trade debts | 44 | €40,937 | €46,963 | +€6,025 | +14.7% |
| Suppliers | 440/4 | €40,937 | €46,963 | +€6,025 | +14.7% |
| Taxes, remuneration and social security | 45 | €17,255 | €13,478 | -€3,776 | -21.9% |
| Taxes | 450/3 | €17,255 | €6,272 | -€10,983 | -63.6% |
| Remuneration and social security | 454/9 | - | €7,206 | +€7,206 | |
| Other amounts payable | 47/48 | €318,734 | €272,549 | -€46,185 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,527 | €53,264 | +€5,738 | +12.1% |
| Other operating charges | 640/8 | €12,438 | €63 | -€12,375 | -99.5% |
| Gross operating margin | 9900 | €108,738 | €41,887 | -€66,851 | -61.5% |
| Operating profit (loss) | 9901 | €48,773 | -€11,441 | -€60,214 | |
| Financial charges | 65/66B | €47,442 | €10,630 | -€36,812 | -77.6% |
| Recurring financial charges | 65 | €47,442 | €10,630 | -€36,812 | -77.6% |
| Profit (loss) for the period before taxes | 9903 | €1,331 | -€22,071 | -€23,402 | |
| Income taxes | 67/77 | €506 | €374 | -€133 | -26.2% |
| Profit (loss) for the period | 9904 | €825 | -€22,445 | -€23,269 | |
| Profit (loss) for the period to be appropriated | 9905 | €825 | -€22,445 | -€23,269 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.