CLICTEUR STEFAN: 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.
CLICTEUR STEFAN
Largest movements
- Receivables within one year -€11,715
down €11,715 (-25.5%), from €46,015 to €34,300
of which Other amounts receivable: -€14,715
- Tangible fixed assets -€4,605
down €4,605 (-70.6%), from €6,522 to €1,917
of which Plant, machinery and equipment: -€3,026
- Deferred charges and accrued income -€1,490
down €1,490 (-47.7%), from €3,124 to €1,635
- Other debts +€26,936
up €26,936 (+1,010%), from €2,666 to €29,603
- Tax, wage and social debts -€13,431
down €13,431 (-60.2%), from €22,294 to €8,864
- Advances received -€12,550
down €12,550 (-100%), from €12,550 to €0
- Debts after one year -€7,856
down €7,856 (-10.2%), from €77,302 to €69,447
- Current portion of long-term debt -€7,522
down €7,522 (-48.9%), from €15,378 to €7,856
- Gross operating margin +€63,486
up €63,486, from -€42,571 to €20,915
- Financial charges +€8,471
up €8,471 (+154%), from €5,507 to €13,978
of which Non-recurring financial charges: +€9,726
- Other operating charges +€2,002
up €2,002 (+68.8%), from €2,912 to €4,914
- Financial income -€1,895
down €1,895 (-40.7%), from €4,657 to €2,762
- Depreciation -€1,097
down €1,097 (-41.0%), from €2,676 to €1,578
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 | €82,255 | €64,433 | -€17,822 | -21.7% |
| Fixed assets | 21/28 | €8,045 | €3,417 | -€4,628 | -57.5% |
| Tangible fixed assets | 22/27 | €6,522 | €1,917 | -€4,605 | -70.6% |
| Plant, machinery and equipment | 23 | €3,026 | €0 | -€3,026 | -100% |
| Furniture and vehicles | 24 | €2,692 | €1,664 | -€1,028 | -38.2% |
| Other tangible fixed assets | 26 | €803 | €253 | -€551 | -68.5% |
| Financial fixed assets | 28 | €1,524 | €1,500 | -€24 | -1.5% |
| Current assets | 29/58 | €74,210 | €61,016 | -€13,194 | -17.8% |
| Stocks and contracts in progress | 3 | €25,000 | €25,000 | = | 0.0% |
| Contracts in progress | 37 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,015 | €34,300 | -€11,715 | -25.5% |
| Trade receivables | 40 | €885 | €3,885 | +€3,000 | +339% |
| Other amounts receivable | 41 | €45,130 | €30,416 | -€14,715 | -32.6% |
| Cash at bank and in hand | 54/58 | €70 | €80 | +€10 | +14.2% |
| Deferred charges and accrued income | 490/1 | €3,124 | €1,635 | -€1,490 | -47.7% |
| Total equity and liabilities | 10/49 | €82,255 | €64,433 | -€17,822 | -21.7% |
| Equity | 10/15 | -€67,662 | -€64,795 | +€2,867 | +4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,859 | €34,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €34,859 | €34,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,722 | -€105,854 | +€2,867 | +2.6% |
| Amounts payable | 17/49 | €149,918 | €129,228 | -€20,690 | -13.8% |
| Amounts payable after more than one year | 17 | €77,302 | €69,447 | -€7,856 | -10.2% |
| Financial debts | 170/4 | €77,302 | €69,447 | -€7,856 | -10.2% |
| Amounts payable within one year | 42/48 | €72,615 | €59,781 | -€12,834 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €15,378 | €7,856 | -€7,522 | -48.9% |
| Financial debts | 43 | €7,047 | €7,375 | +€327 | +4.6% |
| Credit institutions | 430/8 | €7,047 | €7,375 | +€327 | +4.6% |
| Trade debts | 44 | €12,679 | €6,084 | -€6,596 | -52.0% |
| Suppliers | 440/4 | €12,679 | €6,084 | -€6,596 | -52.0% |
| Advances received on contracts in progress | 46 | €12,550 | €0 | -€12,550 | -100% |
| Taxes, remuneration and social security | 45 | €22,294 | €8,864 | -€13,431 | -60.2% |
| Taxes | 450/3 | €22,294 | €8,864 | -€13,431 | -60.2% |
| Other amounts payable | 47/48 | €2,666 | €29,603 | +€26,936 | +1,010% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,676 | €1,578 | -€1,097 | -41.0% |
| Other operating charges | 640/8 | €2,912 | €4,914 | +€2,002 | +68.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€42,571 | €20,915 | +€63,486 | |
| Operating profit (loss) | 9901 | -€48,159 | €14,423 | +€62,581 | |
| Financial income | 75/76B | €4,657 | €2,762 | -€1,895 | -40.7% |
| Recurring financial income | 75 | €4,657 | €2,762 | -€1,895 | -40.7% |
| Financial charges | 65/66B | €5,507 | €13,978 | +€8,471 | +154% |
| Recurring financial charges | 65 | €5,507 | €4,251 | -€1,256 | -22.8% |
| Non-recurring financial charges | 66B | - | €9,726 | +€9,726 | |
| Profit (loss) for the period before taxes | 9903 | -€49,008 | €3,207 | +€52,215 | |
| Income taxes | 67/77 | €504 | €340 | -€165 | -32.6% |
| Profit (loss) for the period | 9904 | -€49,512 | €2,867 | +€52,380 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,512 | €2,867 | +€52,380 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.