Clever: what changed
What changed
Clever
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€187,329
2024 · €1.2m-€1.0m
Equity
€3.9m
2024 · €3.7m+€187,329
Cash
€321,381
2024 · €260,092+€61,289
Balance sheet total
€7.7m
2024 · €7.6m+€109,691
Largest movements
Assets
- Tangible fixed assets +€644,315
up €644,315 (+25.0%), from €2.6m to €3.2m
- Current investments -€450,000
down €450,000 (-100%), from €450,000 to €0
- Receivables within one year -€163,739
down €163,739 (-69.5%), from €235,752 to €72,013
of which Other amounts receivable: -€204,879
Equity and liabilities
- Other debts -€300,000
down €300,000 (-100%), from €300,000 to €0
- Profit (loss) carried forward +€225,219
up €225,219 (+7.1%), from €3.2m to €3.4m
- Debts after one year +€166,004
up €166,004 (+5.3%), from €3.1m to €3.3m
- Current portion of long-term debt +€123,843
up €123,843 (+32.5%), from €380,879 to €504,722
Income statement
- Financial income -€1.0m
down €1.0m (-99.1%), from €1.0m to €8,909
- Depreciation +€88,250
up €88,250 (+91.5%), from €96,467 to €184,717
- Gross operating margin +€54,248
up €54,248 (+11.2%), from €482,786 to €537,033
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.2m
Gross operating margin
+€54,248
Depreciation
-€88,250
Other operating charges
-€940
Financial income
-€1.0m
Financial charges
+€3,202
Taxes
+€5,267
Result 2025
€187,329
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€155,475
Investment
-€384,032
Financing
+€289,847
Cash 2024
€260,092
From operations (derived)
+€155,475
Net result for the year
+€187,329
Depreciation
+€184,717
Receivables within one year
+€163,739
Deferred charges and accrued income
-€12,826
Trade debts
-€13,488
Tax, wage and social debts
+€7,064
Other debts
-€300,000
Accrued charges and deferred income
-€61,061
Investment (derived)
-€384,032
Investment in fixed assets (net)
-€834,032
Current investments
+€450,000
Financing
+€289,847
Debts after one year
+€166,004
Current portion of long-term debt
+€123,843
Cash 2025
€321,381
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,630,167 | €7,739,858 | +€109,691 | +1.4% |
| Fixed assets | 21/28 | €6,676,836 | €7,326,151 | +€649,315 | +9.7% |
| Tangible fixed assets | 22/27 | €2,578,140 | €3,222,455 | +€644,315 | +25.0% |
| Land and buildings | 22 | €2,578,140 | €3,222,455 | +€644,315 | +25.0% |
| Financial fixed assets | 28 | €4,098,696 | €4,103,696 | +€5,000 | +0.1% |
| Current assets | 29/58 | €953,332 | €413,708 | -€539,624 | -56.6% |
| Amounts receivable within one year | 40/41 | €235,752 | €72,013 | -€163,739 | -69.5% |
| Trade receivables | 40 | €30,873 | €72,013 | +€41,140 | +133% |
| Other amounts receivable | 41 | €204,879 | €0 | -€204,879 | -100% |
| Current investments | 50/53 | €450,000 | €0 | -€450,000 | -100% |
| Cash at bank and in hand | 54/58 | €260,092 | €321,381 | +€61,289 | +23.6% |
| Deferred charges and accrued income | 490/1 | €7,487 | €20,313 | +€12,826 | +171% |
| Total equity and liabilities | 10/49 | €7,630,167 | €7,739,858 | +€109,691 | +1.4% |
| Equity | 10/15 | €3,678,081 | €3,865,411 | +€187,329 | +5.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €221,976 | €184,086 | -€37,890 | -17.1% |
| Tax-exempt reserves | 132 | €191,976 | €154,086 | -€37,890 | -19.7% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,156,105 | €3,381,325 | +€225,219 | +7.1% |
| Amounts payable | 17/49 | €3,952,086 | €3,874,448 | -€77,638 | -2.0% |
| Amounts payable after more than one year | 17 | €3,148,709 | €3,314,713 | +€166,004 | +5.3% |
| Financial debts | 170/4 | €3,148,709 | €3,314,713 | +€166,004 | +5.3% |
| Amounts payable within one year | 42/48 | €727,236 | €544,655 | -€182,581 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €380,879 | €504,722 | +€123,843 | +32.5% |
| Trade debts | 44 | €17,631 | €4,143 | -€13,488 | -76.5% |
| Suppliers | 440/4 | €17,631 | €4,143 | -€13,488 | -76.5% |
| Taxes, remuneration and social security | 45 | €28,726 | €35,790 | +€7,064 | +24.6% |
| Taxes | 450/3 | €28,726 | €35,790 | +€7,064 | +24.6% |
| Other amounts payable | 47/48 | €300,000 | €0 | -€300,000 | -100% |
| Accrued charges and deferred income | 492/3 | €76,141 | €15,080 | -€61,061 | -80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,467 | €184,717 | +€88,250 | +91.5% |
| Other operating charges | 640/8 | €25,611 | €26,551 | +€940 | +3.7% |
| Gross operating margin | 9900 | €482,786 | €537,033 | +€54,248 | +11.2% |
| Operating profit (loss) | 9901 | €360,708 | €325,766 | -€34,943 | -9.7% |
| Financial income | 75/76B | €1,009,740 | €8,909 | -€1.0m | -99.1% |
| Recurring financial income | 75 | €1,009,740 | €8,909 | -€1.0m | -99.1% |
| Financial charges | 65/66B | €91,907 | €88,705 | -€3,202 | -3.5% |
| Recurring financial charges | 65 | €91,907 | €88,705 | -€3,202 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €1,278,542 | €245,970 | -€1.0m | -80.8% |
| Income taxes | 67/77 | €63,908 | €58,641 | -€5,267 | -8.2% |
| Profit (loss) for the period | 9904 | €1,214,634 | €187,329 | -€1.0m | -84.6% |
| Transfer from tax-exempt reserves | 789 | - | €126,300 | +€126,300 | |
| Transfer to tax-exempt reserves | 689 | €65,676 | €88,410 | +€22,734 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,148,958 | €225,219 | -€923,739 | -80.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.