CLEVER SOLUTIONS: 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.
CLEVER SOLUTIONS
Largest movements
- Tangible fixed assets +€725,801
up €725,801 (+4.2%), from €17.2m to €18.0m
- Cash +€377,016
up €377,016 (+83.8%), from €449,880 to €826,896
mainly Depreciation (+€970,452) and Other debts (+€504,022)
- Other debts +€504,022
up €504,022 (+13.8%), from €3.7m to €4.2m
- Profit (loss) carried forward -€369,795
down €369,795 (-257.1%), from -€143,824 to -€513,619
- Current portion of long-term debt +€368,080
up €368,080 (+42.7%), from €862,408 to €1.2m
- Debts after one year +€309,878
up €309,878 (+2.4%), from €13.1m to €13.5m
- Gross operating margin +€265,780
up €265,780 (+17.2%), from €1.5m to €1.8m
- Write-downs +€217,480
new in 2025: €217,480
- Other operating charges +€202,222
up €202,222 (+560.4%), from €36,083 to €238,305
- Depreciation +€156,773
up €156,773 (+19.3%), from €813,679 to €970,452
- Financial charges +€71,203
up €71,203 (+10.4%), from €684,488 to €755,692
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 | €18,024,324 | €19,002,138 | +€977,814 | +5.4% |
| Fixed assets | 21/28 | €17,245,245 | €17,971,046 | +€725,801 | +4.2% |
| Tangible fixed assets | 22/27 | €17,245,245 | €17,971,046 | +€725,801 | +4.2% |
| Other tangible fixed assets | 26 | €17,245,245 | €17,971,046 | +€725,801 | +4.2% |
| Current assets | 29/58 | €779,079 | €1,031,092 | +€252,014 | +32.3% |
| Amounts receivable within one year | 40/41 | €324,605 | €198,002 | -€126,603 | -39.0% |
| Trade receivables | 40 | €279,605 | €197,428 | -€82,177 | -29.4% |
| Other amounts receivable | 41 | €45,000 | €574 | -€44,426 | -98.7% |
| Cash at bank and in hand | 54/58 | €449,880 | €826,896 | +€377,016 | +83.8% |
| Deferred charges and accrued income | 490/1 | €4,594 | €6,194 | +€1,601 | +34.8% |
| Total equity and liabilities | 10/49 | €18,024,324 | €19,002,138 | +€977,814 | +5.4% |
| Equity | 10/15 | -€137,624 | -€507,419 | -€369,795 | -268.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,824 | -€513,619 | -€369,795 | -257.1% |
| Amounts payable | 17/49 | €18,161,948 | €19,509,557 | +€1.3m | +7.4% |
| Amounts payable after more than one year | 17 | €13,143,095 | €13,452,973 | +€309,878 | +2.4% |
| Financial debts | 170/4 | €13,143,095 | €13,452,973 | +€309,878 | +2.4% |
| Amounts payable within one year | 42/48 | €5,018,853 | €6,056,541 | +€1.0m | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €862,408 | €1,230,488 | +€368,080 | +42.7% |
| Trade debts | 44 | €424,833 | €600,975 | +€176,141 | +41.5% |
| Suppliers | 440/4 | €424,833 | €600,975 | +€176,141 | +41.5% |
| Taxes, remuneration and social security | 45 | €77,923 | €67,366 | -€10,556 | -13.5% |
| Taxes | 450/3 | €77,923 | €67,366 | -€10,556 | -13.5% |
| Other amounts payable | 47/48 | €3,653,689 | €4,157,712 | +€504,022 | +13.8% |
| Accrued charges and deferred income | 492/3 | - | €43 | +€43 | |
| Remuneration, social security and pensions | 62 | €6,183 | €0 | -€6,183 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €813,679 | €970,452 | +€156,773 | +19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €217,480 | +€217,480 | |
| Other operating charges | 640/8 | €36,083 | €238,305 | +€202,222 | +560.4% |
| Gross operating margin | 9900 | €1,545,567 | €1,811,346 | +€265,780 | +17.2% |
| Operating profit (loss) | 9901 | €689,621 | €385,109 | -€304,513 | -44.2% |
| Financial income | 75/76B | €2,945 | €788 | -€2,157 | -73.2% |
| Recurring financial income | 75 | €2,945 | €788 | -€2,157 | -73.2% |
| Financial charges | 65/66B | €684,488 | €755,692 | +€71,203 | +10.4% |
| Recurring financial charges | 65 | €684,488 | €755,692 | +€71,203 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €8,078 | -€369,795 | -€377,873 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €8,078 | -€369,795 | -€377,873 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,078 | -€369,795 | -€377,873 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.