Clifa: 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.
Clifa
Largest movements
- Cash +€11,467
up €11,467 (+51.3%), from €22,351 to €33,817
mainly Net result for the year (+€12,097) and Accrued charges and deferred income (+€2,933)
- Stocks and contracts -€2,527
down €2,527 (-40.5%), from €6,240 to €3,713
- Profit (loss) carried forward +€12,097
up €12,097 (+24.8%), from -€48,834 to -€36,737
- Trade debts -€5,866
down €5,866 (-89.6%), from €6,549 to €683
- Accrued charges and deferred income +€2,933
new in 2026: €2,933
- Gross operating margin -€2,987
down €2,987 (-16.0%), from €18,705 to €15,719
- Staff costs -€1,597
down €1,597 (-100%), from €1,597 to €0
- Other operating charges -€488
down €488 (-12.5%), from €3,890 to €3,403
- Financial charges -€215
down €215 (-69.6%), from €308 to €94
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,585 | €44,615 | +€9,030 | +25.4% |
| Fixed assets | 21/28 | €4,331 | €4,331 | = | 0.0% |
| Financial fixed assets | 28 | €4,331 | €4,331 | = | 0.0% |
| Current assets | 29/58 | €31,254 | €40,284 | +€9,030 | +28.9% |
| Stocks and contracts in progress | 3 | €6,240 | €3,713 | -€2,527 | -40.5% |
| Stocks | 30/36 | €6,240 | €3,713 | -€2,527 | -40.5% |
| Amounts receivable within one year | 40/41 | €332 | €17 | -€315 | -95.0% |
| Trade receivables | 40 | €173 | €0 | -€173 | -100% |
| Other amounts receivable | 41 | €159 | €17 | -€142 | -89.6% |
| Cash at bank and in hand | 54/58 | €22,351 | €33,817 | +€11,467 | +51.3% |
| Deferred charges and accrued income | 490/1 | €2,331 | €2,736 | +€405 | +17.4% |
| Total equity and liabilities | 10/49 | €35,585 | €44,615 | +€9,030 | +25.4% |
| Equity | 10/15 | -€13,106 | -€1,009 | +€12,097 | +92.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €17,136 | €17,136 | = | 0.0% |
| Distributable reserves | 133 | €17,136 | €17,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,834 | -€36,737 | +€12,097 | +24.8% |
| Amounts payable | 17/49 | €48,691 | €45,624 | -€3,067 | -6.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €48,691 | €42,691 | -€6,000 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,549 | €683 | -€5,866 | -89.6% |
| Suppliers | 440/4 | €6,549 | €683 | -€5,866 | -89.6% |
| Taxes, remuneration and social security | 45 | €2,171 | €2,150 | -€21 | -1.0% |
| Taxes | 450/3 | €2,171 | €2,150 | -€21 | -1.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €39,971 | €39,858 | -€114 | -0.3% |
| Accrued charges and deferred income | 492/3 | - | €2,933 | +€2,933 | |
| Non-recurring operating income | 76A | €1,000 | €1,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,597 | €0 | -€1,597 | -100% |
| Other operating charges | 640/8 | €3,890 | €3,403 | -€488 | -12.5% |
| Gross operating margin | 9900 | €18,705 | €15,719 | -€2,987 | -16.0% |
| Operating profit (loss) | 9901 | €13,218 | €12,316 | -€902 | -6.8% |
| Financial income | 75/76B | €16 | €73 | +€57 | +363% |
| Recurring financial income | 75 | €16 | €73 | +€57 | +363% |
| Financial charges | 65/66B | €308 | €94 | -€215 | -69.6% |
| Recurring financial charges | 65 | €308 | €94 | -€215 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | €12,925 | €12,295 | -€630 | -4.9% |
| Income taxes | 67/77 | €203 | €199 | -€4 | -1.9% |
| Profit (loss) for the period | 9904 | €12,723 | €12,097 | -€626 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,723 | €12,097 | -€626 | -4.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.