CLEVERAGE: 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.
CLEVERAGE
Largest movements
- Receivables within one year +€48,291
up €48,291 (+79.7%), from €60,623 to €108,915
of which Trade receivables: +€42,862
- Cash -€43,909
down €43,909 (-21.0%), from €208,711 to €164,802
mainly Receivables within one year (-€48,291) and Tax, wage and social debts (-€44,602)
- Tangible fixed assets -€8,075
down €8,075 (-7.8%), from €103,894 to €95,819
of which Furniture and vehicles: -€4,263
- Tax, wage and social debts -€44,602
down €44,602 (-80.8%), from €55,234 to €10,632
- Reserves +€25,011
up €25,011 (+18.8%), from €132,776 to €157,787
- Trade debts +€24,452
up €24,452 (+101%), from €24,299 to €48,751
- Accrued charges and deferred income -€7,494
down €7,494 (-55.2%), from €13,566 to €6,072
- Gross operating margin +€34,709
up €34,709, from -€2,063 to €32,646
- Depreciation +€2,090
up €2,090 (+33.1%), from €6,325 to €8,415
- Financial charges -€1,722
down €1,722 (-12.5%), from €13,796 to €12,073
- Other operating charges -€723
down €723 (-27.4%), from €2,637 to €1,914
- Financial income -€398
down €398 (-1.5%), from €25,801 to €25,403
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 | €579,906 | €577,272 | -€2,633 | -0.5% |
| Fixed assets | 21/28 | €305,245 | €296,830 | -€8,415 | -2.8% |
| Intangible fixed assets | 21 | €1,351 | €1,011 | -€340 | -25.2% |
| Tangible fixed assets | 22/27 | €103,894 | €95,819 | -€8,075 | -7.8% |
| Land and buildings | 22 | €90,965 | €87,670 | -€3,295 | -3.6% |
| Plant, machinery and equipment | 23 | €654 | €137 | -€517 | -79.0% |
| Furniture and vehicles | 24 | €12,275 | €8,012 | -€4,263 | -34.7% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €274,661 | €280,443 | +€5,782 | +2.1% |
| Amounts receivable within one year | 40/41 | €60,623 | €108,915 | +€48,291 | +79.7% |
| Trade receivables | 40 | €38,113 | €80,975 | +€42,862 | +112% |
| Other amounts receivable | 41 | €22,510 | €27,940 | +€5,430 | +24.1% |
| Cash at bank and in hand | 54/58 | €208,711 | €164,802 | -€43,909 | -21.0% |
| Deferred charges and accrued income | 490/1 | €5,327 | €6,726 | +€1,400 | +26.3% |
| Total equity and liabilities | 10/49 | €579,906 | €577,272 | -€2,633 | -0.5% |
| Equity | 10/15 | €336,807 | €361,817 | +€25,011 | +7.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €132,776 | €157,787 | +€25,011 | +18.8% |
| Distributable reserves | 133 | €132,776 | €157,787 | +€25,011 | +18.8% |
| Profit (loss) carried forward | 14 | €54,030 | €54,030 | = | 0.0% |
| Amounts payable | 17/49 | €243,099 | €215,455 | -€27,644 | -11.4% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €79,533 | €59,383 | -€20,150 | -25.3% |
| Trade debts | 44 | €24,299 | €48,751 | +€24,452 | +101% |
| Suppliers | 440/4 | €24,299 | €48,751 | +€24,452 | +101% |
| Taxes, remuneration and social security | 45 | €55,234 | €10,632 | -€44,602 | -80.8% |
| Taxes | 450/3 | €55,234 | €10,632 | -€44,602 | -80.8% |
| Accrued charges and deferred income | 492/3 | €13,566 | €6,072 | -€7,494 | -55.2% |
| Non-recurring operating income | 76A | €91 | €3,712 | +€3,621 | +3,970% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,325 | €8,415 | +€2,090 | +33.1% |
| Other operating charges | 640/8 | €2,637 | €1,914 | -€723 | -27.4% |
| Non-recurring operating charges | 66A | - | €8,373 | +€8,373 | |
| Gross operating margin | 9900 | -€2,063 | €32,646 | +€34,709 | |
| Operating profit (loss) | 9901 | -€11,024 | €13,943 | +€24,968 | |
| Financial income | 75/76B | €25,801 | €25,403 | -€398 | -1.5% |
| Recurring financial income | 75 | €25,801 | €25,403 | -€398 | -1.5% |
| Financial charges | 65/66B | €13,796 | €12,073 | -€1,722 | -12.5% |
| Recurring financial charges | 65 | €13,796 | €12,073 | -€1,722 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €981 | €27,273 | +€26,292 | +2,680% |
| Income taxes | 67/77 | €2,605 | €2,262 | -€343 | -13.2% |
| Profit (loss) for the period | 9904 | -€1,624 | €25,011 | +€26,635 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,624 | €25,011 | +€26,635 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.