CLICOTE: 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.
CLICOTE
Largest movements
- Receivables within one year +€161,547
up €161,547 (+20.6%), from €786,077 to €947,624
of which Trade receivables: +€141,494
- Cash -€112,661
down €112,661 (-66.9%), from €168,400 to €55,739
mainly Advances received (-€179,506) and Receivables within one year (-€161,547)
- Stocks and contracts -€40,185
down €40,185 (-54.9%), from €73,261 to €33,076
- Advances received -€179,506
down €179,506 (-99.8%), from €179,950 to €444
- Trade debts +€160,084
up €160,084 (+19.3%), from €827,465 to €987,549
- Profit (loss) carried forward +€26,130
up €26,130 (+13.1%), from -€199,570 to -€173,440
- Write-downs +€67,341
up €67,341 (+2569.0%), from €2,621 to €69,962
- Gross operating margin +€42,279
up €42,279 (+66.6%), from €63,515 to €105,794
- Other operating charges +€6,844
up €6,844 (+264.9%), from €2,583 to €9,428
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 | €1,027,738 | €1,036,440 | +€8,701 | +0.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €1,027,738 | €1,036,440 | +€8,701 | +0.8% |
| Stocks and contracts in progress | 3 | €73,261 | €33,076 | -€40,185 | -54.9% |
| Stocks | 30/36 | €73,261 | €33,076 | -€40,185 | -54.9% |
| Amounts receivable within one year | 40/41 | €786,077 | €947,624 | +€161,547 | +20.6% |
| Trade receivables | 40 | €783,626 | €925,120 | +€141,494 | +18.1% |
| Other amounts receivable | 41 | €2,451 | €22,505 | +€20,053 | +818.1% |
| Cash at bank and in hand | 54/58 | €168,400 | €55,739 | -€112,661 | -66.9% |
| Total equity and liabilities | 10/49 | €1,027,738 | €1,036,440 | +€8,701 | +0.8% |
| Equity | 10/15 | €15,430 | €41,560 | +€26,130 | +169.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €65,000 | €65,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,570 | -€173,440 | +€26,130 | +13.1% |
| Amounts payable | 17/49 | €1,012,309 | €994,880 | -€17,429 | -1.7% |
| Amounts payable within one year | 42/48 | €1,008,409 | €990,980 | -€17,429 | -1.7% |
| Trade debts | 44 | €827,465 | €987,549 | +€160,084 | +19.3% |
| Suppliers | 440/4 | €827,465 | €987,549 | +€160,084 | +19.3% |
| Advances received on contracts in progress | 46 | €179,950 | €444 | -€179,506 | -99.8% |
| Taxes, remuneration and social security | 45 | €994 | €2,986 | +€1,993 | +200.6% |
| Taxes | 450/3 | €994 | €2,986 | +€1,993 | +200.6% |
| Accrued charges and deferred income | 492/3 | €3,900 | €3,900 | = | 0.0% |
| Non-recurring operating income | 76A | - | €8 | +€8 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,621 | €69,962 | +€67,341 | +2569.0% |
| Other operating charges | 640/8 | €2,583 | €9,428 | +€6,844 | +264.9% |
| Gross operating margin | 9900 | €63,515 | €105,794 | +€42,279 | +66.6% |
| Operating profit (loss) | 9901 | €58,311 | €26,404 | -€31,907 | -54.7% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €315 | €276 | -€39 | -12.3% |
| Recurring financial charges | 65 | €315 | €276 | -€39 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €57,996 | €26,130 | -€31,865 | -54.9% |
| Profit (loss) for the period | 9904 | €57,996 | €26,130 | -€31,865 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,996 | €26,130 | -€31,865 | -54.9% |
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.