CLEVERWAY: 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.
CLEVERWAY
Largest movements
- Receivables within one year +€10,996
up €10,996 (+120.9%), from €9,092 to €20,088
of which Trade receivables: +€11,200
- Tangible fixed assets -€10,611
down €10,611 (-7.0%), from €151,254 to €140,643
of which Land and buildings: -€7,597
- Cash +€5,597
up €5,597 (+5.4%), from €103,084 to €108,681
mainly Net result for the year (+€72,900) and Depreciation (+€10,611)
- Debts after one year -€16,230
down €16,230 (-24.6%), from €65,887 to €49,656
- Reserves +€12,900
up €12,900 (+8.9%), from €144,282 to €157,182
- Other debts +€8,216
up €8,216 (+195.6%), from €4,201 to €12,417
- Tax, wage and social debts +€4,673
up €4,673 (+36.7%), from €12,745 to €17,419
of which Taxes: +€4,673
- Trade debts -€3,822
down €3,822 (-41.2%), from €9,278 to €5,456
- Gross operating margin +€9,352
up €9,352 (+11.5%), from €81,171 to €90,523
- Depreciation -€1,501
down €1,501 (-12.4%), from €12,111 to €10,611
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 | €263,517 | €269,412 | +€5,895 | +2.2% |
| Fixed assets | 21/28 | €151,254 | €140,643 | -€10,611 | -7.0% |
| Tangible fixed assets | 22/27 | €151,254 | €140,643 | -€10,611 | -7.0% |
| Land and buildings | 22 | €147,017 | €139,419 | -€7,597 | -5.2% |
| Furniture and vehicles | 24 | €4,237 | €1,224 | -€3,013 | -71.1% |
| Current assets | 29/58 | €112,263 | €128,769 | +€16,506 | +14.7% |
| Amounts receivable within one year | 40/41 | €9,092 | €20,088 | +€10,996 | +120.9% |
| Trade receivables | 40 | €8,400 | €19,600 | +€11,200 | +133.3% |
| Other amounts receivable | 41 | €692 | €488 | -€204 | -29.5% |
| Cash at bank and in hand | 54/58 | €103,084 | €108,681 | +€5,597 | +5.4% |
| Deferred charges and accrued income | 490/1 | €88 | - | -€88 | |
| Total equity and liabilities | 10/49 | €263,517 | €269,412 | +€5,895 | +2.2% |
| Equity | 10/15 | €153,582 | €166,482 | +€12,900 | +8.4% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €144,282 | €157,182 | +€12,900 | +8.9% |
| Distributable reserves | 133 | €144,282 | €157,182 | +€12,900 | +8.9% |
| Amounts payable | 17/49 | €109,935 | €102,931 | -€7,005 | -6.4% |
| Amounts payable after more than one year | 17 | €65,887 | €49,656 | -€16,230 | -24.6% |
| Financial debts | 170/4 | €65,887 | €49,656 | -€16,230 | -24.6% |
| Amounts payable within one year | 42/48 | €43,628 | €52,867 | +€9,239 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €17,404 | €17,576 | +€171 | +1.0% |
| Trade debts | 44 | €9,278 | €5,456 | -€3,822 | -41.2% |
| Suppliers | 440/4 | €9,278 | €5,456 | -€3,822 | -41.2% |
| Taxes, remuneration and social security | 45 | €12,745 | €17,419 | +€4,673 | +36.7% |
| Taxes | 450/3 | €5,595 | €10,269 | +€4,673 | +83.5% |
| Remuneration and social security | 454/9 | €7,150 | €7,150 | = | 0.0% |
| Other amounts payable | 47/48 | €4,201 | €12,417 | +€8,216 | +195.6% |
| Accrued charges and deferred income | 492/3 | €420 | €407 | -€14 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,111 | €10,611 | -€1,501 | -12.4% |
| Other operating charges | 640/8 | €2,321 | €2,388 | +€67 | +2.9% |
| Gross operating margin | 9900 | €81,171 | €90,523 | +€9,352 | +11.5% |
| Operating profit (loss) | 9901 | €66,738 | €77,524 | +€10,786 | +16.2% |
| Financial income | 75/76B | €611 | €582 | -€28 | -4.6% |
| Recurring financial income | 75 | €611 | €582 | -€28 | -4.6% |
| Financial charges | 65/66B | €1,038 | €879 | -€159 | -15.3% |
| Recurring financial charges | 65 | €1,038 | €879 | -€159 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €66,311 | €77,228 | +€10,917 | +16.5% |
| Income taxes | 67/77 | €3,799 | €4,328 | +€529 | +13.9% |
| Profit (loss) for the period | 9904 | €62,512 | €72,900 | +€10,388 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,512 | €72,900 | +€10,388 | +16.6% |
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 7 October 2026 via checked.be.