CLEVERMAC: 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.
CLEVERMAC
Largest movements
- Stocks and contracts +€67,150
up €67,150 (+6.7%), from €996,586 to €1.1m
- Cash +€31,227
up €31,227 (+35.2%), from €88,786 to €120,013
mainly Short-term financial debts (+€100,000) and Depreciation (+€80,605)
- Tangible fixed assets -€22,330
down €22,330 (-8.3%), from €269,112 to €246,782
- Other debts -€125,850
down €125,850 (-61.4%), from €204,961 to €79,111
- Short-term financial debts +€100,000
up €100,000 (+25.0%), from €400,000 to €500,000
- Trade debts +€78,692
up €78,692 (+26.3%), from €299,405 to €378,096
- Reserves +€56,646
up €56,646 (+18.9%), from €300,000 to €356,646
- Profit (loss) carried forward -€20,650
no longer reported in 2025 (was €20,650)
- Gross operating margin -€108,137
down €108,137 (-17.2%), from €627,998 to €519,860
- Staff costs -€42,148
down €42,148 (-10.6%), from €398,263 to €356,116
- Write-downs +€12,450
no longer reported in 2025 (was -€12,450)
- Taxes -€9,593
down €9,593 (-38.0%), from €25,271 to €15,679
- Other operating charges -€8,077
down €8,077 (-47.3%), from €17,074 to €8,997
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 | €1,762,701 | €1,835,359 | +€72,658 | +4.1% |
| Formation expenses | 20 | €1,734 | €298 | -€1,436 | -82.8% |
| Fixed assets | 21/28 | €271,146 | €248,782 | -€22,364 | -8.2% |
| Intangible fixed assets | 21 | €34 | - | -€34 | |
| Tangible fixed assets | 22/27 | €269,112 | €246,782 | -€22,330 | -8.3% |
| Plant, machinery and equipment | 23 | €50,806 | €46,247 | -€4,560 | -9.0% |
| Furniture and vehicles | 24 | €153,023 | €144,707 | -€8,316 | -5.4% |
| Other tangible fixed assets | 26 | €65,283 | €55,829 | -€9,454 | -14.5% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €1,489,820 | €1,586,278 | +€96,458 | +6.5% |
| Stocks and contracts in progress | 3 | €996,586 | €1,063,736 | +€67,150 | +6.7% |
| Stocks | 30/36 | €996,586 | €1,063,736 | +€67,150 | +6.7% |
| Amounts receivable within one year | 40/41 | €394,778 | €387,692 | -€7,086 | -1.8% |
| Trade receivables | 40 | €383,381 | €374,789 | -€8,592 | -2.2% |
| Other amounts receivable | 41 | €11,398 | €12,903 | +€1,506 | +13.2% |
| Cash at bank and in hand | 54/58 | €88,786 | €120,013 | +€31,227 | +35.2% |
| Deferred charges and accrued income | 490/1 | €9,669 | €14,837 | +€5,167 | +53.4% |
| Total equity and liabilities | 10/49 | €1,762,701 | €1,835,359 | +€72,658 | +4.1% |
| Equity | 10/15 | €670,650 | €706,646 | +€35,996 | +5.4% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €300,000 | €356,646 | +€56,646 | +18.9% |
| Distributable reserves | 133 | €300,000 | €356,646 | +€56,646 | +18.9% |
| Profit (loss) carried forward | 14 | €20,650 | - | -€20,650 | |
| Amounts payable | 17/49 | €1,092,051 | €1,128,713 | +€36,662 | +3.4% |
| Amounts payable after more than one year | 17 | €48,647 | €30,985 | -€17,661 | -36.3% |
| Financial debts | 170/4 | €48,647 | €30,985 | -€17,661 | -36.3% |
| Amounts payable within one year | 42/48 | €1,043,404 | €1,096,145 | +€52,741 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €44,283 | €54,529 | +€10,246 | +23.1% |
| Financial debts | 43 | €400,000 | €500,000 | +€100,000 | +25.0% |
| Credit institutions | 430/8 | €400,000 | €500,000 | +€100,000 | +25.0% |
| Trade debts | 44 | €299,405 | €378,096 | +€78,692 | +26.3% |
| Suppliers | 440/4 | €299,405 | €378,096 | +€78,692 | +26.3% |
| Taxes, remuneration and social security | 45 | €94,756 | €84,409 | -€10,347 | -10.9% |
| Taxes | 450/3 | €40,617 | €39,341 | -€1,276 | -3.1% |
| Remuneration and social security | 454/9 | €54,139 | €45,068 | -€9,071 | -16.8% |
| Other amounts payable | 47/48 | €204,961 | €79,111 | -€125,850 | -61.4% |
| Accrued charges and deferred income | 492/3 | - | €1,582 | +€1,582 | |
| Non-recurring operating income | 76A | - | €8,678 | +€8,678 | |
| Remuneration, social security and pensions | 62 | €398,263 | €356,116 | -€42,148 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,579 | €80,605 | -€3,974 | -4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,450 | - | +€12,450 | |
| Other operating charges | 640/8 | €17,074 | €8,997 | -€8,077 | -47.3% |
| Gross operating margin | 9900 | €627,998 | €519,860 | -€108,137 | -17.2% |
| Operating profit (loss) | 9901 | €140,532 | €74,143 | -€66,389 | -47.2% |
| Financial income | 75/76B | €689 | €3,815 | +€3,126 | +453.7% |
| Recurring financial income | 75 | €689 | €3,815 | +€3,126 | +453.7% |
| Financial charges | 65/66B | €28,877 | €26,283 | -€2,593 | -9.0% |
| Recurring financial charges | 65 | €28,877 | €26,283 | -€2,593 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €112,344 | €51,674 | -€60,670 | -54.0% |
| Income taxes | 67/77 | €25,271 | €15,679 | -€9,593 | -38.0% |
| Profit (loss) for the period | 9904 | €87,073 | €35,996 | -€51,077 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €87,073 | €35,996 | -€51,077 | -58.7% |
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 12 October 2026 via checked.be.