CLEVOS: 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.
CLEVOS
Largest movements
- Receivables within one year +€40,940
up €40,940 (+158.5%), from €25,834 to €66,774
of which Other amounts receivable: +€22,455
- Other debts +€73,921
new in 2025: €73,921
- Debts after one year -€23,333
down €23,333 (-14.6%), from €159,444 to €136,111
- Tax, wage and social debts +€19,647
up €19,647 (+38.1%), from €51,529 to €71,177
- Reserves -€14,844
down €14,844 (-11.0%), from €134,574 to €119,730
of which Distributable reserves: -€14,844
- Short-term financial debts -€7,886
down €7,886 (-32.7%), from €24,133 to €16,247
- Gross operating margin +€18,079
up €18,079 (+16.4%), from €110,187 to €128,266
- Other operating charges +€4,767
up €4,767 (+75.6%), from €6,309 to €11,076
- Taxes +€4,708
up €4,708 (+18.5%), from €25,457 to €30,166
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €550,701 | €588,022 | +€37,321 | +6.8% |
| Fixed assets | 21/28 | €419,199 | €415,580 | -€3,619 | -0.9% |
| Tangible fixed assets | 22/27 | €419,199 | €415,580 | -€3,619 | -0.9% |
| Land and buildings | 22 | €375,761 | €370,318 | -€5,444 | -1.4% |
| Plant, machinery and equipment | 23 | €9,931 | €7,036 | -€2,894 | -29.1% |
| Furniture and vehicles | 24 | €23,927 | €28,646 | +€4,719 | +19.7% |
| Other tangible fixed assets | 26 | €9,580 | €9,580 | = | 0.0% |
| Current assets | 29/58 | €131,502 | €172,442 | +€40,940 | +31.1% |
| Amounts receivable within one year | 40/41 | €25,834 | €66,774 | +€40,940 | +158.5% |
| Trade receivables | 40 | €19,262 | €37,748 | +€18,485 | +96.0% |
| Other amounts receivable | 41 | €6,572 | €29,027 | +€22,455 | +341.7% |
| Current investments | 50/53 | €105,668 | €105,668 | = | 0.0% |
| Total equity and liabilities | 10/49 | €550,701 | €588,022 | +€37,321 | +6.8% |
| Equity | 10/15 | €270,433 | €255,588 | -€14,844 | -5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €134,574 | €119,730 | -€14,844 | -11.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €132,714 | €117,870 | -€14,844 | -11.2% |
| Profit (loss) carried forward | 14 | €117,259 | €117,259 | = | 0.0% |
| Amounts payable | 17/49 | €280,269 | €332,434 | +€52,165 | +18.6% |
| Amounts payable after more than one year | 17 | €159,444 | €136,111 | -€23,333 | -14.6% |
| Financial debts | 170/4 | €159,444 | €136,111 | -€23,333 | -14.6% |
| Amounts payable within one year | 42/48 | €118,604 | €196,324 | +€77,719 | +65.5% |
| Current portion of amounts payable after more than one year | 42 | €26,562 | €23,333 | -€3,228 | -12.2% |
| Financial debts | 43 | €24,133 | €16,247 | -€7,886 | -32.7% |
| Credit institutions | 430/8 | €24,133 | €16,247 | -€7,886 | -32.7% |
| Trade debts | 44 | €16,380 | €11,645 | -€4,735 | -28.9% |
| Suppliers | 440/4 | €16,380 | €11,645 | -€4,735 | -28.9% |
| Taxes, remuneration and social security | 45 | €51,529 | €71,177 | +€19,647 | +38.1% |
| Taxes | 450/3 | €51,529 | €71,177 | +€19,647 | +38.1% |
| Other amounts payable | 47/48 | - | €73,921 | +€73,921 | |
| Accrued charges and deferred income | 492/3 | €2,221 | - | -€2,221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,975 | €15,251 | +€276 | +1.8% |
| Other operating charges | 640/8 | €6,309 | €11,076 | +€4,767 | +75.6% |
| Gross operating margin | 9900 | €110,187 | €128,266 | +€18,079 | +16.4% |
| Operating profit (loss) | 9901 | €88,903 | €101,939 | +€13,036 | +14.7% |
| Financial income | 75/76B | €198 | - | -€198 | |
| Recurring financial income | 75 | €198 | - | -€198 | |
| Financial charges | 65/66B | €8,741 | €8,806 | +€64 | +0.7% |
| Recurring financial charges | 65 | €8,741 | €8,806 | +€64 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €80,360 | €93,133 | +€12,774 | +15.9% |
| Income taxes | 67/77 | €25,457 | €30,166 | +€4,708 | +18.5% |
| Profit (loss) for the period | 9904 | €54,902 | €62,967 | +€8,065 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,902 | €62,967 | +€8,065 | +14.7% |
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 5 October 2026 via checked.be.