CLEVER INVEST: 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.
CLEVER INVEST
Largest movements
- Receivables within one year -€31,853
down €31,853 (-16.5%), from €192,480 to €160,627
of which Other amounts receivable: -€26,840
- Cash -€15,191
down €15,191 (-81.3%), from €18,693 to €3,502
mainly Net result for the year (-€31,259) and Investment in fixed assets (net) (-€20,428)
- Tangible fixed assets +€7,443
up €7,443 (+16.4%), from €45,412 to €52,855
of which Furniture and vehicles: +€15,658
- Intangible fixed assets -€4,927
down €4,927 (-75.4%), from €6,533 to €1,606
- Profit (loss) carried forward -€31,259
down €31,259 (-3.9%), from -€811,913 to -€843,173
- Trade debts -€10,314
down €10,314 (-99.5%), from €10,367 to €53
- Gross operating margin +€14,921
up €14,921 (+45.5%), from -€32,763 to -€17,842
- Depreciation -€1,567
down €1,567 (-8.0%), from €19,479 to €17,912
- Financial income +€1,251
up €1,251 (+28.2%), from €4,437 to €5,688
- Financial charges -€361
down €361 (-57.5%), from €628 to €267
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 | €264,215 | €219,936 | -€44,279 | -16.8% |
| Fixed assets | 21/28 | €51,945 | €54,461 | +€2,516 | +4.8% |
| Intangible fixed assets | 21 | €6,533 | €1,606 | -€4,927 | -75.4% |
| Tangible fixed assets | 22/27 | €45,412 | €52,855 | +€7,443 | +16.4% |
| Plant, machinery and equipment | 23 | €18,775 | €15,046 | -€3,729 | -19.9% |
| Furniture and vehicles | 24 | €2,152 | €17,810 | +€15,658 | +727% |
| Other tangible fixed assets | 26 | €24,484 | €19,999 | -€4,485 | -18.3% |
| Current assets | 29/58 | €212,270 | €165,475 | -€46,795 | -22.0% |
| Amounts receivable within one year | 40/41 | €192,480 | €160,627 | -€31,853 | -16.5% |
| Trade receivables | 40 | €50,086 | €45,073 | -€5,012 | -10.0% |
| Other amounts receivable | 41 | €142,394 | €115,554 | -€26,840 | -18.8% |
| Cash at bank and in hand | 54/58 | €18,693 | €3,502 | -€15,191 | -81.3% |
| Deferred charges and accrued income | 490/1 | €1,097 | €1,345 | +€249 | +22.7% |
| Total equity and liabilities | 10/49 | €264,215 | €219,936 | -€44,279 | -16.8% |
| Equity | 10/15 | €51,991 | €20,731 | -€31,259 | -60.1% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €113,904 | €113,904 | = | 0.0% |
| Distributable reserves | 133 | €113,904 | €113,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€811,913 | -€843,173 | -€31,259 | -3.9% |
| Amounts payable | 17/49 | €212,224 | €199,205 | -€13,019 | -6.1% |
| Amounts payable within one year | 42/48 | €212,224 | €199,205 | -€13,019 | -6.1% |
| Trade debts | 44 | €10,367 | €53 | -€10,314 | -99.5% |
| Suppliers | 440/4 | €10,367 | €53 | -€10,314 | -99.5% |
| Taxes, remuneration and social security | 45 | €933 | €468 | -€465 | -49.9% |
| Taxes | 450/3 | €933 | €468 | -€465 | -49.9% |
| Other amounts payable | 47/48 | €200,924 | €198,684 | -€2,240 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,479 | €17,912 | -€1,567 | -8.0% |
| Other operating charges | 640/8 | €819 | €843 | +€24 | +2.9% |
| Gross operating margin | 9900 | -€32,763 | -€17,842 | +€14,921 | +45.5% |
| Operating profit (loss) | 9901 | -€53,061 | -€36,597 | +€16,464 | +31.0% |
| Financial income | 75/76B | €4,437 | €5,688 | +€1,251 | +28.2% |
| Recurring financial income | 75 | €4,437 | €5,688 | +€1,251 | +28.2% |
| Financial charges | 65/66B | €628 | €267 | -€361 | -57.5% |
| Recurring financial charges | 65 | €628 | €267 | -€361 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | -€49,251 | -€31,175 | +€18,076 | +36.7% |
| Income taxes | 67/77 | €78 | €84 | +€6 | +8.3% |
| Profit (loss) for the period | 9904 | -€49,329 | -€31,259 | +€18,069 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,329 | -€31,259 | +€18,069 | +36.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.