CLEVER INVEST: what changed
What changed
CLEVER INVEST
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€50,128
2024 · €656,686-€606,559
Equity
€933,950
2024 · €883,823+€50,128
Cash
€205,726
2024 · €300,658-€94,933
Balance sheet total
€1.8m
2024 · €2.0m-€157,801
Largest movements
Assets
- Cash -€94,933
down €94,933 (-31.6%), from €300,658 to €205,726
mainly Other debts (-€165,414) and Debts after one year (-€47,970)
- Tangible fixed assets -€64,219
down €64,219 (-3.8%), from €1.7m to €1.6m
of which Land and buildings: -€60,428
Equity and liabilities
- Other debts -€165,414
down €165,414 (-34.1%), from €485,678 to €320,265
- Profit (loss) carried forward +€57,645
up €57,645 (+81.4%), from -€70,813 to -€13,168
- Debts after one year -€47,970
down €47,970 (-21.2%), from €226,274 to €178,304
Income statement
- Gross operating margin -€808,214
down €808,214 (-80.6%), from €1.0m to €194,701
- Purchases and services -€17,210
down €17,210 (-37.3%), from €46,092 to €28,882
- Turnover -€16,348
down €16,348 (-7.1%), from €231,656 to €215,308
- Financial charges -€13,920
down €13,920 (-52.3%), from €26,593 to €12,672
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
€656,686
Gross operating margin
-€808,214
Depreciation
-€7,467
Other operating charges
+€1,160
Financial income
-€204
Financial charges
+€13,920
Taxes
-€9,804
Deferred taxes and other
+€204,051
Result 2025
€50,128
raises the resultlowers the resultnot broken down further in the accounts
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
-€11,532
Investment
-€36,031
Financing
-€47,370
Cash 2024
€300,658
From operations (derived)
-€11,532
Net result for the year
+€50,128
Depreciation
+€100,249
Deferred charges and accrued income
-€1,350
Provisions
-€5,605
Trade debts
+€34
Tax, wage and social debts
+€9,866
Other debts
-€165,414
Accrued charges and deferred income
+€560
Investment (derived)
-€36,031
Investment in fixed assets (net)
-€36,031
Financing
-€47,370
Debts after one year
-€47,970
Current portion of long-term debt
+€600
Cash 2025
€205,726
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,982,747 | €1,824,946 | -€157,801 | -8.0% |
| Fixed assets | 21/28 | €1,678,431 | €1,614,212 | -€64,219 | -3.8% |
| Tangible fixed assets | 22/27 | €1,678,282 | €1,614,063 | -€64,219 | -3.8% |
| Land and buildings | 22 | €1,668,804 | €1,608,377 | -€60,428 | -3.6% |
| Furniture and vehicles | 24 | €9,478 | €5,687 | -€3,791 | -40.0% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €304,316 | €210,734 | -€93,583 | -30.8% |
| Cash at bank and in hand | 54/58 | €300,658 | €205,726 | -€94,933 | -31.6% |
| Deferred charges and accrued income | 490/1 | €3,658 | €5,008 | +€1,350 | +36.9% |
| Total equity and liabilities | 10/49 | €1,982,747 | €1,824,946 | -€157,801 | -8.0% |
| Equity | 10/15 | €883,823 | €933,950 | +€50,128 | +5.7% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €604,635 | €597,118 | -€7,517 | -1.2% |
| Tax-exempt reserves | 132 | €604,635 | €597,118 | -€7,517 | -1.2% |
| Profit (loss) carried forward | 14 | -€70,813 | -€13,168 | +€57,645 | +81.4% |
| Provisions and deferred taxes | 16 | €337,532 | €331,927 | -€5,605 | -1.7% |
| Provisions for liabilities and charges | 160/5 | €135,987 | €132,888 | -€3,099 | -2.3% |
| Other liabilities and charges | 164/5 | €135,987 | €132,888 | -€3,099 | -2.3% |
| Deferred taxes | 168 | €201,545 | €199,039 | -€2,506 | -1.2% |
| Amounts payable | 17/49 | €761,393 | €559,068 | -€202,325 | -26.6% |
| Amounts payable after more than one year | 17 | €226,274 | €178,304 | -€47,970 | -21.2% |
| Financial debts | 170/4 | €226,274 | €178,304 | -€47,970 | -21.2% |
| Amounts payable within one year | 42/48 | €532,619 | €377,705 | -€154,915 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €46,800 | €47,400 | +€600 | +1.3% |
| Trade debts | 44 | €141 | €174 | +€34 | +23.8% |
| Suppliers | 440/4 | €141 | €174 | +€34 | +23.8% |
| Taxes, remuneration and social security | 45 | - | €9,866 | +€9,866 | |
| Taxes | 450/3 | - | €9,866 | +€9,866 | |
| Other amounts payable | 47/48 | €485,678 | €320,265 | -€165,414 | -34.1% |
| Accrued charges and deferred income | 492/3 | €2,500 | €3,060 | +€560 | +22.4% |
| Turnover | 70 | €231,656 | €215,308 | -€16,348 | -7.1% |
| Non-recurring operating income | 76A | €4,785 | €4,530 | -€255 | -5.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €46,092 | €28,882 | -€17,210 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,782 | €100,249 | +€7,467 | +8.0% |
| Other operating charges | 640/8 | €25,452 | €24,292 | -€1,160 | -4.6% |
| Gross operating margin | 9900 | €1,002,915 | €194,701 | -€808,214 | -80.6% |
| Operating profit (loss) | 9901 | €884,681 | €70,160 | -€814,522 | -92.1% |
| Financial income | 75/76B | €204 | - | -€204 | |
| Recurring financial income | 75 | €204 | - | -€204 | |
| Financial charges | 65/66B | €26,593 | €12,672 | -€13,920 | -52.3% |
| Recurring financial charges | 65 | €26,593 | €12,672 | -€13,920 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €858,293 | €57,487 | -€800,805 | -93.3% |
| Transfer from deferred taxes | 780 | - | €2,506 | +€2,506 | |
| Transfer to deferred taxes | 680 | €201,545 | - | -€201,545 | |
| Income taxes | 67/77 | €61 | €9,866 | +€9,804 | +16,023% |
| Profit (loss) for the period | 9904 | €656,686 | €50,128 | -€606,559 | -92.4% |
| Transfer from tax-exempt reserves | 789 | - | €7,517 | +€7,517 | |
| Transfer to tax-exempt reserves | 689 | €604,635 | - | -€604,635 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,051 | €57,645 | +€5,594 | +10.7% |
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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 8 November 2026 via checked.be.