CleWo: 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.
CleWo
Largest movements
- Cash +€46,629
up €46,629 (+139.2%), from €33,508 to €80,137
mainly Net result for the year (+€34,909) and Depreciation (+€30,917)
- Tangible fixed assets -€30,917
down €30,917 (-16.9%), from €182,651 to €151,734
of which Land and buildings: -€20,976
- Receivables within one year -€22,683
down €22,683 (-58.3%), from €38,889 to €16,205
of which Trade receivables: -€18,107
- Current investments +€13,594
up €13,594 (+10.6%), from €128,475 to €142,069
- Other debts +€23,493
up €23,493 (+74.1%), from €31,684 to €55,177
- Debts after one year -€17,500
down €17,500 (-14.3%), from €122,500 to €105,000
- Gross operating margin +€4,443
up €4,443 (+5.3%), from €83,909 to €88,352
- Taxes +€1,368
up €1,368 (+11.1%), from €12,360 to €13,727
- Financial charges -€1,202
down €1,202 (-12.6%), from €9,513 to €8,311
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 | €386,869 | €394,400 | +€7,531 | +1.9% |
| Fixed assets | 21/28 | €182,651 | €151,734 | -€30,917 | -16.9% |
| Tangible fixed assets | 22/27 | €182,651 | €151,734 | -€30,917 | -16.9% |
| Land and buildings | 22 | €140,940 | €119,964 | -€20,976 | -14.9% |
| Plant, machinery and equipment | 23 | €12,056 | €10,266 | -€1,790 | -14.9% |
| Furniture and vehicles | 24 | €29,655 | €21,504 | -€8,151 | -27.5% |
| Current assets | 29/58 | €204,218 | €242,666 | +€38,449 | +18.8% |
| Amounts receivable within one year | 40/41 | €38,889 | €16,205 | -€22,683 | -58.3% |
| Trade receivables | 40 | €32,712 | €14,605 | -€18,107 | -55.4% |
| Other amounts receivable | 41 | €6,177 | €1,601 | -€4,576 | -74.1% |
| Current investments | 50/53 | €128,475 | €142,069 | +€13,594 | +10.6% |
| Cash at bank and in hand | 54/58 | €33,508 | €80,137 | +€46,629 | +139.2% |
| Deferred charges and accrued income | 490/1 | €3,346 | €4,255 | +€908 | +27.1% |
| Total equity and liabilities | 10/49 | €386,869 | €394,400 | +€7,531 | +1.9% |
| Equity | 10/15 | €203,942 | €206,771 | +€2,829 | +1.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €191,542 | €194,371 | +€2,829 | +1.5% |
| 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 | €189,682 | €192,511 | +€2,829 | +1.5% |
| Amounts payable | 17/49 | €182,927 | €187,630 | +€4,703 | +2.6% |
| Amounts payable after more than one year | 17 | €122,500 | €105,000 | -€17,500 | -14.3% |
| Financial debts | 170/4 | €122,500 | €105,000 | -€17,500 | -14.3% |
| Amounts payable within one year | 42/48 | €59,277 | €79,956 | +€20,679 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €17,500 | €17,500 | = | 0.0% |
| Trade debts | 44 | €510 | €629 | +€118 | +23.2% |
| Suppliers | 440/4 | €510 | €629 | +€118 | +23.2% |
| Taxes, remuneration and social security | 45 | €9,583 | €6,651 | -€2,932 | -30.6% |
| Taxes | 450/3 | €9,583 | €6,651 | -€2,932 | -30.6% |
| Other amounts payable | 47/48 | €31,684 | €55,177 | +€23,493 | +74.1% |
| Accrued charges and deferred income | 492/3 | €1,150 | €2,673 | +€1,524 | +132.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,154 | €30,917 | -€236 | -0.8% |
| Other operating charges | 640/8 | €2,391 | €2,412 | +€21 | +0.9% |
| Gross operating margin | 9900 | €83,909 | €88,352 | +€4,443 | +5.3% |
| Operating profit (loss) | 9901 | €50,364 | €55,023 | +€4,658 | +9.2% |
| Financial income | 75/76B | €2,691 | €1,924 | -€766 | -28.5% |
| Recurring financial income | 75 | €2,691 | €1,924 | -€766 | -28.5% |
| Financial charges | 65/66B | €9,513 | €8,311 | -€1,202 | -12.6% |
| Recurring financial charges | 65 | €9,513 | €8,311 | -€1,202 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €43,542 | €48,636 | +€5,094 | +11.7% |
| Income taxes | 67/77 | €12,360 | €13,727 | +€1,368 | +11.1% |
| Profit (loss) for the period | 9904 | €31,183 | €34,909 | +€3,726 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,183 | €34,909 | +€3,726 | +11.9% |
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 11 October 2026 via checked.be.