CLIFFTON: 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.
CLIFFTON
Largest movements
- Tangible fixed assets -€61,536
down €61,536 (-7.2%), from €851,532 to €789,996
of which Land and buildings: -€58,951
- Cash -€31,911
down €31,911 (-87.1%), from €36,626 to €4,716
mainly Debts after one year (-€157,781) and Contributions, distributions and other (-€2,734)
- Debts after one year -€157,781
down €157,781 (-21.5%), from €734,886 to €577,105
of which Other amounts payable: -€90,000
- Other debts +€34,295
up €34,295 (+29.1%), from €118,021 to €152,316
- Trade debts +€16,439
up €16,439 (+1302.8%), from €1,262 to €17,701
- Gross operating margin +€11,347
up €11,347 (+8.9%), from €128,144 to €139,492
- Staff costs -€7,143
down €7,143 (-14.0%), from €51,049 to €43,906
- Financial income -€6,256
down €6,256 (-69.6%), from €8,990 to €2,734
- Financial charges +€5,578
up €5,578 (+48.4%), from €11,519 to €17,097
- Taxes +€5,229
up €5,229 (+992.1%), from €527 to €5,756
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 | €1,201,231 | €1,105,378 | -€95,852 | -8.0% |
| Fixed assets | 21/28 | €852,747 | €790,758 | -€61,988 | -7.3% |
| Intangible fixed assets | 21 | €1,214 | €762 | -€452 | -37.3% |
| Tangible fixed assets | 22/27 | €851,532 | €789,996 | -€61,536 | -7.2% |
| Land and buildings | 22 | €844,208 | €785,257 | -€58,951 | -7.0% |
| Furniture and vehicles | 24 | €7,324 | €4,739 | -€2,585 | -35.3% |
| Current assets | 29/58 | €348,484 | €314,620 | -€33,864 | -9.7% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Trade receivables | 290 | €250,000 | €250,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,400 | - | -€1,400 | |
| Stocks | 30/36 | €1,400 | - | -€1,400 | |
| Amounts receivable within one year | 40/41 | €57,217 | €56,421 | -€796 | -1.4% |
| Trade receivables | 40 | €57,217 | €56,421 | -€796 | -1.4% |
| Cash at bank and in hand | 54/58 | €36,626 | €4,716 | -€31,911 | -87.1% |
| Deferred charges and accrued income | 490/1 | €3,241 | €3,483 | +€242 | +7.5% |
| Total equity and liabilities | 10/49 | €1,201,231 | €1,105,378 | -€95,852 | -8.0% |
| Equity | 10/15 | €274,645 | €278,702 | +€4,057 | +1.5% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €87,987 | €87,987 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €80,550 | €80,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,134 | €65,925 | +€6,791 | +11.5% |
| Investment grants | 15 | €53,155 | €50,422 | -€2,734 | -5.1% |
| Amounts payable | 17/49 | €926,586 | €826,676 | -€99,909 | -10.8% |
| Amounts payable after more than one year | 17 | €734,886 | €577,105 | -€157,781 | -21.5% |
| Financial debts | 170/4 | €534,886 | €467,105 | -€67,781 | -12.7% |
| Other amounts payable | 178/9 | €200,000 | €110,000 | -€90,000 | -45.0% |
| Amounts payable within one year | 42/48 | €191,146 | €249,017 | +€57,871 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €66,526 | €67,781 | +€1,255 | +1.9% |
| Trade debts | 44 | €1,262 | €17,701 | +€16,439 | +1302.8% |
| Suppliers | 440/4 | €1,262 | €17,701 | +€16,439 | +1302.8% |
| Taxes, remuneration and social security | 45 | €5,337 | €11,219 | +€5,882 | +110.2% |
| Taxes | 450/3 | €5,337 | €7,491 | +€2,154 | +40.4% |
| Remuneration and social security | 454/9 | - | €3,728 | +€3,728 | |
| Other amounts payable | 47/48 | €118,021 | €152,316 | +€34,295 | +29.1% |
| Accrued charges and deferred income | 492/3 | €554 | €554 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €51,049 | €43,906 | -€7,143 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,872 | €61,670 | -€202 | -0.3% |
| Other operating charges | 640/8 | €6,720 | €7,006 | +€286 | +4.2% |
| Gross operating margin | 9900 | €128,144 | €139,492 | +€11,347 | +8.9% |
| Operating profit (loss) | 9901 | €8,503 | €26,910 | +€18,406 | +216.5% |
| Financial income | 75/76B | €8,990 | €2,734 | -€6,256 | -69.6% |
| Recurring financial income | 75 | €8,990 | €2,734 | -€6,256 | -69.6% |
| Financial charges | 65/66B | €11,519 | €17,097 | +€5,578 | +48.4% |
| Recurring financial charges | 65 | €11,519 | €17,097 | +€5,578 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | €5,974 | €12,547 | +€6,573 | +110.0% |
| Income taxes | 67/77 | €527 | €5,756 | +€5,229 | +992.1% |
| Profit (loss) for the period | 9904 | €5,447 | €6,791 | +€1,344 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,447 | €6,791 | +€1,344 | +24.7% |
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 29 September 2026 via checked.be.