Cleynen Johan: 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.
Cleynen Johan
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+49.2%), from €2.2m to €3.2m
of which Assets under construction and advance payments: +€1.1m
- Cash -€978,171
down €978,171 (-40.2%), from €2.4m to €1.5m
mainly Investment in fixed assets (net) (-€1.1m) and Other debts (-€598,412)
- Current investments +€482,184
up €482,184 (+13.1%), from €3.7m to €4.2m
- Reserves +€893,073
up €893,073 (+10.0%), from €9.0m to €9.8m
- Other debts -€598,412
down €598,412 (-94.3%), from €634,571 to €36,160
- Accrued charges and deferred income +€234,101
up €234,101 (+50.8%), from €460,590 to €694,690
- Financial income -€901,837
down €901,837 (-44.8%), from €2.0m to €1.1m
- Financial charges -€66,097
down €66,097 (-80.9%), from €81,706 to €15,608
- Taxes -€61,694
down €61,694 (-36.2%), from €170,547 to €108,853
- Depreciation -€3,932
down €3,932 (-12.0%), from €32,843 to €28,911
- Gross operating margin -€1,084
down €1,084 (-8.9%), from -€12,230 to -€13,314
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 | €11,030,681 | €11,578,363 | +€547,682 | +5.0% |
| Fixed assets | 21/28 | €4,059,083 | €5,119,144 | +€1.1m | +26.1% |
| Tangible fixed assets | 22/27 | €2,153,336 | €3,213,397 | +€1.1m | +49.2% |
| Land and buildings | 22 | €1,533,638 | €1,469,311 | -€64,327 | -4.2% |
| Plant, machinery and equipment | 23 | €14,803 | €11,435 | -€3,368 | -22.8% |
| Furniture and vehicles | 24 | €8,253 | €24,563 | +€16,309 | +198% |
| Assets under construction and advance payments | 27 | €596,642 | €1,708,088 | +€1.1m | +186% |
| Financial fixed assets | 28 | €1,905,747 | €1,905,747 | = | 0.0% |
| Current assets | 29/58 | €6,971,597 | €6,459,219 | -€512,379 | -7.3% |
| Amounts receivable after more than one year | 29 | €148,471 | €120,645 | -€27,826 | -18.7% |
| Other amounts receivable | 291 | €148,471 | €120,645 | -€27,826 | -18.7% |
| Amounts receivable within one year | 40/41 | €693,111 | €691,045 | -€2,066 | -0.3% |
| Trade receivables | 40 | €5,439 | - | -€5,439 | |
| Other amounts receivable | 41 | €687,672 | €691,045 | +€3,373 | +0.5% |
| Current investments | 50/53 | €3,689,551 | €4,171,735 | +€482,184 | +13.1% |
| Cash at bank and in hand | 54/58 | €2,434,677 | €1,456,506 | -€978,171 | -40.2% |
| Deferred charges and accrued income | 490/1 | €5,788 | €19,288 | +€13,500 | +233% |
| Total equity and liabilities | 10/49 | €11,030,681 | €11,578,363 | +€547,682 | +5.0% |
| Equity | 10/15 | €9,696,895 | €10,589,967 | +€893,073 | +9.2% |
| Contributions | 10/11 | €286,494 | €286,494 | = | 0.0% |
| Reserves | 13 | €8,956,418 | €9,849,491 | +€893,073 | +10.0% |
| Distributable reserves | 133 | €8,956,418 | €9,849,491 | +€893,073 | +10.0% |
| Profit (loss) carried forward | 14 | €453,983 | €453,983 | = | 0.0% |
| Amounts payable | 17/49 | €1,333,786 | €988,396 | -€345,391 | -25.9% |
| Amounts payable within one year | 42/48 | €873,196 | €293,705 | -€579,491 | -66.4% |
| Trade debts | 44 | €6,384 | €16,031 | +€9,647 | +151% |
| Suppliers | 440/4 | €6,384 | €16,031 | +€9,647 | +151% |
| Taxes, remuneration and social security | 45 | €232,241 | €241,514 | +€9,274 | +4.0% |
| Taxes | 450/3 | €232,241 | €241,514 | +€9,274 | +4.0% |
| Other amounts payable | 47/48 | €634,571 | €36,160 | -€598,412 | -94.3% |
| Accrued charges and deferred income | 492/3 | €460,590 | €694,690 | +€234,101 | +50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,843 | €28,911 | -€3,932 | -12.0% |
| Other operating charges | 640/8 | €8,977 | €9,212 | +€235 | +2.6% |
| Non-recurring operating charges | 66A | - | €40,964 | +€40,964 | |
| Gross operating margin | 9900 | -€12,230 | -€13,314 | -€1,084 | -8.9% |
| Operating profit (loss) | 9901 | -€54,051 | -€92,402 | -€38,351 | -71.0% |
| Financial income | 75/76B | €2,011,773 | €1,109,936 | -€901,837 | -44.8% |
| Recurring financial income | 75 | €2,011,773 | €1,109,936 | -€901,837 | -44.8% |
| Financial charges | 65/66B | €81,706 | €15,608 | -€66,097 | -80.9% |
| Recurring financial charges | 65 | €81,706 | €15,608 | -€66,097 | -80.9% |
| Profit (loss) for the period before taxes | 9903 | €1,876,016 | €1,001,926 | -€874,090 | -46.6% |
| Income taxes | 67/77 | €170,547 | €108,853 | -€61,694 | -36.2% |
| Profit (loss) for the period | 9904 | €1,705,470 | €893,073 | -€812,397 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,705,470 | €893,073 | -€812,397 | -47.6% |
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 23 October 2026 via checked.be.