CLEW SYSTEMS & SOFTWARE: 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.
CLEW SYSTEMS & SOFTWARE
Largest movements
- Receivables within one year +€266,107
up €266,107 (+104%), from €256,473 to €522,581
of which Trade receivables: +€287,916
- Cash -€199,906
down €199,906 (-51.6%), from €387,538 to €187,631
mainly Receivables within one year (-€266,107) and Other debts (-€100,000)
- Tangible fixed assets -€11,573
down €11,573 (-23.2%), from €49,863 to €38,290
of which Furniture and vehicles: -€5,893
- Stocks and contracts +€7,963
up €7,963 (+41.3%), from €19,266 to €27,229
- Trade debts +€108,256
up €108,256 (+97.9%), from €110,570 to €218,826
- Other debts -€100,000
down €100,000 (-100%), from €100,000 to €0
- Reserves +€42,448
up €42,448 (+13.0%), from €326,052 to €368,500
- Tax, wage and social debts +€35,597
up €35,597 (+125%), from €28,512 to €64,109
of which Taxes: +€31,656
- Accrued charges and deferred income -€22,667
down €22,667 (-62.0%), from €36,567 to €13,899
- Gross operating margin -€111,148
down €111,148 (-21.9%), from €508,591 to €397,443
- Staff costs +€15,857
up €15,857 (+5.9%), from €269,338 to €285,195
- Taxes -€7,741
down €7,741 (-18.6%), from €41,520 to €33,779
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 | €720,301 | €784,433 | +€64,132 | +8.9% |
| Fixed assets | 21/28 | €49,863 | €38,290 | -€11,573 | -23.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €49,863 | €38,290 | -€11,573 | -23.2% |
| Plant, machinery and equipment | 23 | €5,264 | €3,311 | -€1,953 | -37.1% |
| Furniture and vehicles | 24 | €19,894 | €14,001 | -€5,893 | -29.6% |
| Other tangible fixed assets | 26 | €24,705 | €20,978 | -€3,727 | -15.1% |
| Current assets | 29/58 | €670,438 | €746,143 | +€75,705 | +11.3% |
| Amounts receivable after more than one year | 29 | €312 | €0 | -€312 | -100% |
| Other amounts receivable | 291 | €312 | €0 | -€312 | -100% |
| Stocks and contracts in progress | 3 | €19,266 | €27,229 | +€7,963 | +41.3% |
| Stocks | 30/36 | €19,266 | €27,229 | +€7,963 | +41.3% |
| Amounts receivable within one year | 40/41 | €256,473 | €522,581 | +€266,107 | +104% |
| Trade receivables | 40 | €224,903 | €512,819 | +€287,916 | +128% |
| Other amounts receivable | 41 | €31,571 | €9,762 | -€21,809 | -69.1% |
| Cash at bank and in hand | 54/58 | €387,538 | €187,631 | -€199,906 | -51.6% |
| Deferred charges and accrued income | 490/1 | €6,849 | €8,702 | +€1,853 | +27.1% |
| Total equity and liabilities | 10/49 | €720,301 | €784,433 | +€64,132 | +8.9% |
| Equity | 10/15 | €444,652 | €487,100 | +€42,448 | +9.5% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €326,052 | €368,500 | +€42,448 | +13.0% |
| Distributable reserves | 133 | €326,052 | €368,500 | +€42,448 | +13.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €275,649 | €297,333 | +€21,684 | +7.9% |
| Amounts payable after more than one year | 17 | - | €499 | +€499 | |
| Other amounts payable | 178/9 | - | €499 | +€499 | |
| Amounts payable within one year | 42/48 | €239,082 | €282,935 | +€43,853 | +18.3% |
| Trade debts | 44 | €110,570 | €218,826 | +€108,256 | +97.9% |
| Suppliers | 440/4 | €110,570 | €218,826 | +€108,256 | +97.9% |
| Taxes, remuneration and social security | 45 | €28,512 | €64,109 | +€35,597 | +125% |
| Taxes | 450/3 | €1,200 | €32,856 | +€31,656 | +2,637% |
| Remuneration and social security | 454/9 | €27,312 | €31,252 | +€3,941 | +14.4% |
| Other amounts payable | 47/48 | €100,000 | €0 | -€100,000 | -100% |
| Accrued charges and deferred income | 492/3 | €36,567 | €13,899 | -€22,667 | -62.0% |
| Remuneration, social security and pensions | 62 | €269,338 | €285,195 | +€15,857 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,526 | €14,837 | +€311 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,825 | €7,516 | +€4,691 | +166% |
| Other operating charges | 640/8 | €2,292 | €1,262 | -€1,030 | -45.0% |
| Gross operating margin | 9900 | €508,591 | €397,443 | -€111,148 | -21.9% |
| Operating profit (loss) | 9901 | €219,610 | €88,634 | -€130,977 | -59.6% |
| Financial income | 75/76B | €11,969 | €15,429 | +€3,460 | +28.9% |
| Recurring financial income | 75 | €11,969 | €15,429 | +€3,460 | +28.9% |
| Financial charges | 65/66B | €9,284 | €6,217 | -€3,068 | -33.0% |
| Recurring financial charges | 65 | €9,284 | €6,217 | -€3,068 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €222,295 | €97,846 | -€124,448 | -56.0% |
| Income taxes | 67/77 | €41,520 | €33,779 | -€7,741 | -18.6% |
| Profit (loss) for the period | 9904 | €180,774 | €64,067 | -€116,708 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €180,774 | €64,067 | -€116,708 | -64.6% |
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 19 October 2026 via checked.be.