CLIFDEN: 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.
CLIFDEN
Largest movements
- Receivables within one year +€8,107
up €8,107 (+506.4%), from €1,601 to €9,708
of which Trade receivables: +€7,386
- Cash +€7,861
up €7,861 (+19.0%), from €41,366 to €49,227
mainly Net result for the year (+€11,714) and Other debts (+€5,293)
- Reserves +€11,701
up €11,701 (+67.6%), from €17,299 to €29,000
- Other debts +€5,293
new in 2025: €5,293
- Tax, wage and social debts -€696
down €696 (-13.1%), from €5,324 to €4,629
of which Remuneration and social security: -€902
- Gross operating margin -€7,859
down €7,859 (-34.4%), from €22,859 to €15,000
- Taxes -€1,264
down €1,264 (-27.8%), from €4,550 to €3,286
- Depreciation -€1,010
no longer reported in 2025 (was €1,010)
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 | €42,967 | €58,935 | +€15,968 | +37.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €42,967 | €58,935 | +€15,968 | +37.2% |
| Amounts receivable within one year | 40/41 | €1,601 | €9,708 | +€8,107 | +506.4% |
| Trade receivables | 40 | €1,601 | €8,987 | +€7,386 | +461.4% |
| Other amounts receivable | 41 | €0 | €721 | +€721 | |
| Cash at bank and in hand | 54/58 | €41,366 | €49,227 | +€7,861 | +19.0% |
| Total equity and liabilities | 10/49 | €42,967 | €58,935 | +€15,968 | +37.2% |
| Equity | 10/15 | €37,299 | €49,013 | +€11,714 | +31.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €17,299 | €29,000 | +€11,701 | +67.6% |
| Distributable reserves | 133 | €17,299 | €29,000 | +€11,701 | +67.6% |
| Profit (loss) carried forward | 14 | - | €13 | +€13 | |
| Amounts payable | 17/49 | €5,668 | €9,922 | +€4,254 | +75.0% |
| Amounts payable within one year | 42/48 | €5,668 | €9,922 | +€4,254 | +75.0% |
| Trade debts | 44 | €344 | €0 | -€344 | -100.0% |
| Suppliers | 440/4 | €344 | €0 | -€344 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,324 | €4,629 | -€696 | -13.1% |
| Taxes | 450/3 | €4,422 | €4,629 | +€206 | +4.7% |
| Remuneration and social security | 454/9 | €902 | €0 | -€902 | -100.0% |
| Other amounts payable | 47/48 | - | €5,293 | +€5,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,010 | - | -€1,010 | |
| Gross operating margin | 9900 | €22,859 | €15,000 | -€7,859 | -34.4% |
| Operating profit (loss) | 9901 | €21,849 | €15,000 | -€6,849 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €21,849 | €15,000 | -€6,849 | -31.3% |
| Income taxes | 67/77 | €4,550 | €3,286 | -€1,264 | -27.8% |
| Profit (loss) for the period | 9904 | €17,299 | €11,714 | -€5,585 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,299 | €11,714 | -€5,585 | -32.3% |
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 10 October 2026 via checked.be.