ClientEarth: 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.
ClientEarth
Largest movements
- Cash +€127,623
up €127,623 (+14.3%), from €891,667 to €1.0m
mainly Debts within one year (+€282,107) and Depreciation (+€59,758)
- Tangible fixed assets -€36,066
down €36,066 (-10.9%), from €330,268 to €294,202
of which Other tangible fixed assets: -€32,320
- Deferred charges and accrued income -€29,593
down €29,593 (-65.3%), from €45,292 to €15,699
- Debts within one year +€282,107
up €282,107 (+32.0%), from €882,943 to €1.2m
of which Tax, wage and social debts: +€169,675
- Profit (loss) carried forward -€220,143
down €220,143 (-50.4%), from €436,885 to €216,741
- Gross operating margin +€568,373
up €568,373 (+12.3%), from €4.6m to €5.2m
- Staff costs -€73,464
down €73,464 (-1.4%), from €5.3m to €5.2m
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 | €1,319,828 | €1,381,791 | +€61,963 | +4.7% |
| Fixed assets | 21/28 | €382,869 | €346,803 | -€36,066 | -9.4% |
| Tangible fixed assets | 22/27 | €330,268 | €294,202 | -€36,066 | -10.9% |
| Furniture and vehicles | 24 | €47,666 | €43,920 | -€3,746 | -7.9% |
| Other tangible fixed assets | 26 | €282,603 | €250,282 | -€32,320 | -11.4% |
| Financial fixed assets | 28 | €52,601 | €52,601 | = | 0.0% |
| Current assets | 29/58 | €936,958 | €1,034,988 | +€98,030 | +10.5% |
| Cash at bank and in hand | 54/58 | €891,667 | €1,019,289 | +€127,623 | +14.3% |
| Deferred charges and accrued income | 490/1 | €45,292 | €15,699 | -€29,593 | -65.3% |
| Total equity and liabilities | 10/49 | €1,319,828 | €1,381,791 | +€61,963 | +4.7% |
| Equity | 10/15 | €436,885 | €216,741 | -€220,143 | -50.4% |
| Profit (loss) carried forward | 14 | €436,885 | €216,741 | -€220,143 | -50.4% |
| Amounts payable | 17/49 | €882,943 | €1,165,050 | +€282,107 | +32.0% |
| Amounts payable within one year | 42/48 | €882,943 | €1,165,050 | +€282,107 | +32.0% |
| Trade debts | 44 | €272,412 | €384,844 | +€112,432 | +41.3% |
| Suppliers | 440/4 | €272,412 | €384,844 | +€112,432 | +41.3% |
| Taxes, remuneration and social security | 45 | €565,081 | €734,756 | +€169,675 | +30.0% |
| Taxes | 450/3 | €20,228 | €26,386 | +€6,158 | +30.4% |
| Remuneration and social security | 454/9 | €544,853 | €708,370 | +€163,517 | +30.0% |
| Remuneration, social security and pensions | 62 | €5,321,982 | €5,248,518 | -€73,464 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,712 | €59,758 | +€46 | +0.1% |
| Other operating charges | 640/8 | €95,247 | €94,017 | -€1,231 | -1.3% |
| Gross operating margin | 9900 | €4,614,418 | €5,182,791 | +€568,373 | +12.3% |
| Operating profit (loss) | 9901 | -€862,523 | -€219,502 | +€643,021 | +74.6% |
| Financial income | 75/76B | €502 | - | -€502 | |
| Recurring financial income | 75 | €502 | - | -€502 | |
| Financial charges | 65/66B | €848 | €641 | -€206 | -24.3% |
| Recurring financial charges | 65 | €848 | €641 | -€206 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€862,869 | -€220,143 | +€642,726 | +74.5% |
| Profit (loss) for the period | 9904 | -€862,869 | -€220,143 | +€642,726 | +74.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€862,869 | -€220,143 | +€642,726 | +74.5% |
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 15 October 2026 via checked.be.