CLIFTON: 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.
CLIFTON
Largest movements
- Cash -€106,459
down €106,459 (-99.9%), from €106,547 to €88
mainly Investment in fixed assets (net) (-€70,745) and Net result for the year (-€64,828)
- Tangible fixed assets +€55,462
up €55,462 (+460%), from €12,066 to €67,528
of which Furniture and vehicles: +€56,370
- Receivables within one year -€27,870
down €27,870 (-28.9%), from €96,538 to €68,668
of which Trade receivables: -€38,921
- Stocks and contracts +€18,747
up €18,747 (+3.4%), from €544,868 to €563,615
of which Stocks: +€563,615
- Reserves -€64,828
down €64,828 (-9.4%), from €688,867 to €624,039
of which Distributable reserves: -€64,828
- Depreciation +€10,332
up €10,332 (+209%), from €4,952 to €15,283
- Gross operating margin +€4,116
up €4,116 (+7.9%), from -€52,194 to -€48,078
- Other operating charges -€2,173
down €2,173 (-64.8%), from €3,352 to €1,179
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 | €761,606 | €701,584 | -€60,022 | -7.9% |
| Fixed assets | 21/28 | €12,066 | €67,528 | +€55,462 | +460% |
| Tangible fixed assets | 22/27 | €12,066 | €67,528 | +€55,462 | +460% |
| Plant, machinery and equipment | 23 | €1,320 | €411 | -€909 | -68.8% |
| Furniture and vehicles | 24 | €10,747 | €67,117 | +€56,370 | +525% |
| Current assets | 29/58 | €749,539 | €634,056 | -€115,483 | -15.4% |
| Stocks and contracts in progress | 3 | €544,868 | €563,615 | +€18,747 | +3.4% |
| Stocks | 30/36 | - | €563,615 | +€563,615 | |
| Contracts in progress | 37 | €544,868 | €0 | -€544,868 | -100% |
| Amounts receivable within one year | 40/41 | €96,538 | €68,668 | -€27,870 | -28.9% |
| Trade receivables | 40 | €75,921 | €37,000 | -€38,921 | -51.3% |
| Other amounts receivable | 41 | €20,616 | €31,668 | +€11,051 | +53.6% |
| Cash at bank and in hand | 54/58 | €106,547 | €88 | -€106,459 | -99.9% |
| Deferred charges and accrued income | 490/1 | €1,587 | €1,685 | +€98 | +6.2% |
| Total equity and liabilities | 10/49 | €761,606 | €701,584 | -€60,022 | -7.9% |
| Equity | 10/15 | €750,867 | €686,039 | -€64,828 | -8.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €688,867 | €624,039 | -€64,828 | -9.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €682,667 | €617,839 | -€64,828 | -9.5% |
| Amounts payable | 17/49 | €10,738 | €15,545 | +€4,807 | +44.8% |
| Amounts payable within one year | 42/48 | €10,738 | €15,545 | +€4,807 | +44.8% |
| Trade debts | 44 | €8,026 | €12,234 | +€4,208 | +52.4% |
| Suppliers | 440/4 | €8,026 | €12,234 | +€4,208 | +52.4% |
| Taxes, remuneration and social security | 45 | €150 | €1,037 | +€887 | +591% |
| Taxes | 450/3 | €150 | €1,037 | +€887 | +591% |
| Other amounts payable | 47/48 | €2,562 | €2,274 | -€288 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,952 | €15,283 | +€10,332 | +209% |
| Other operating charges | 640/8 | €3,352 | €1,179 | -€2,173 | -64.8% |
| Non-recurring operating charges | 66A | €795 | €0 | -€795 | -100% |
| Gross operating margin | 9900 | -€52,194 | -€48,078 | +€4,116 | +7.9% |
| Operating profit (loss) | 9901 | -€61,293 | -€64,540 | -€3,248 | -5.3% |
| Financial income | 75/76B | €0 | €258 | +€258 | +286,589% |
| Recurring financial income | 75 | €0 | €258 | +€258 | +286,589% |
| Financial charges | 65/66B | €279 | €151 | -€128 | -45.8% |
| Recurring financial charges | 65 | €279 | €151 | -€128 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | -€61,572 | -€64,434 | -€2,862 | -4.6% |
| Income taxes | 67/77 | €150 | €395 | +€245 | +163% |
| Profit (loss) for the period | 9904 | -€61,722 | -€64,828 | -€3,107 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,722 | -€64,828 | -€3,107 | -5.0% |
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 20 October 2026 via checked.be.