CLIMMO-INVEST: 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.
What changed
CLIMMO-INVEST
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7,730
2024 · -€3,040-€4,690
Equity
€712,492
2024 · €720,222-€7,730
Cash
€124,359
2024 · €163,284-€38,925
Balance sheet total
€3.8m
2024 · €4.2m-€422,215
Largest movements
Assets
- Receivables within one year -€390,660
down €390,660 (-86.7%), from €450,638 to €59,978
of which Trade receivables: -€391,408
Equity and liabilities
- Trade debts -€328,014
down €328,014 (-98.2%), from €333,909 to €5,894
- Other debts -€61,950
down €61,950 (-16.9%), from €366,197 to €304,246
- Debts after one year -€55,616
down €55,616 (-2.2%), from €2.5m to €2.5m
Income statement
- Gross operating margin +€42,160
up €42,160 (+15.4%), from €274,073 to €316,233
- Financial charges +€16,246
up €16,246 (+29.0%), from €55,944 to €72,190
- Depreciation +€12,086
up €12,086 (+5.6%), from €215,854 to €227,939
- Taxes +€9,326
up €9,326, from -€9,326 to €0
- Financial income -€8,364
down €8,364 (-100%), from €8,364 to €0
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.
Result 2024
-€3,040
Gross operating margin
+€42,160
Depreciation
-€12,086
Other operating charges
-€828
Financial income
-€8,364
Financial charges
-€16,246
Taxes
-€9,326
Result 2025
-€7,730
raises the resultlowers the result
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.
From operations
+€240,788
Investment
-€243,673
Financing
-€36,040
Cash 2024
€163,284
From operations (derived)
+€240,788
Net result for the year
-€7,730
Depreciation
+€227,939
Receivables within one year
+€390,660
Deferred charges and accrued income
+€8,364
Provisions
-€2,823
Trade debts
-€328,014
Tax, wage and social debts
-€9,207
Other debts
-€61,950
Accrued charges and deferred income
+€23,549
Investment (derived)
-€243,673
Investment in fixed assets (net)
-€243,673
Financing
-€36,040
Debts after one year
-€55,616
Current portion of long-term debt
+€19,576
Cash 2025
€124,359
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,214,818 | €3,792,603 | -€422,215 | -10.0% |
| Fixed assets | 21/28 | €3,592,532 | €3,608,266 | +€15,733 | +0.4% |
| Tangible fixed assets | 22/27 | €3,592,532 | €3,608,266 | +€15,733 | +0.4% |
| Land and buildings | 22 | €3,403,304 | €3,209,978 | -€193,326 | -5.7% |
| Plant, machinery and equipment | 23 | €178,350 | €151,465 | -€26,886 | -15.1% |
| Furniture and vehicles | 24 | €10,878 | €246,823 | +€235,945 | +2,169% |
| Current assets | 29/58 | €622,286 | €184,337 | -€437,949 | -70.4% |
| Amounts receivable within one year | 40/41 | €450,638 | €59,978 | -€390,660 | -86.7% |
| Trade receivables | 40 | €423,721 | €32,313 | -€391,408 | -92.4% |
| Other amounts receivable | 41 | €26,917 | €27,666 | +€749 | +2.8% |
| Cash at bank and in hand | 54/58 | €163,284 | €124,359 | -€38,925 | -23.8% |
| Deferred charges and accrued income | 490/1 | €8,364 | €0 | -€8,364 | -100% |
| Total equity and liabilities | 10/49 | €4,214,818 | €3,792,603 | -€422,215 | -10.0% |
| Equity | 10/15 | €720,222 | €712,492 | -€7,730 | -1.1% |
| Contributions | 10/11 | €409,000 | €409,000 | = | 0.0% |
| Capital | 10 | €409,000 | €409,000 | = | 0.0% |
| Issued capital | 100 | €409,000 | €409,000 | = | 0.0% |
| Reserves | 13 | €311,222 | €303,492 | -€7,730 | -2.5% |
| Non-distributable reserves | 130/1 | €41,035 | €41,035 | = | 0.0% |
| Legal reserve | 130 | €41,035 | €41,035 | = | 0.0% |
| Tax-exempt reserves | 132 | €192,808 | €178,695 | -€14,113 | -7.3% |
| Distributable reserves | 133 | €77,378 | €83,761 | +€6,383 | +8.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €64,269 | €61,447 | -€2,823 | -4.4% |
| Deferred taxes | 168 | €64,269 | €61,447 | -€2,823 | -4.4% |
| Amounts payable | 17/49 | €3,430,327 | €3,018,664 | -€411,663 | -12.0% |
| Amounts payable after more than one year | 17 | €2,521,169 | €2,465,553 | -€55,616 | -2.2% |
| Financial debts | 170/4 | €2,521,169 | €2,465,553 | -€55,616 | -2.2% |
| Amounts payable within one year | 42/48 | €903,878 | €524,283 | -€379,595 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €176,560 | €196,136 | +€19,576 | +11.1% |
| Trade debts | 44 | €333,909 | €5,894 | -€328,014 | -98.2% |
| Suppliers | 440/4 | €333,909 | €5,894 | -€328,014 | -98.2% |
| Taxes, remuneration and social security | 45 | €27,212 | €18,006 | -€9,207 | -33.8% |
| Taxes | 450/3 | €27,212 | €18,006 | -€9,207 | -33.8% |
| Other amounts payable | 47/48 | €366,197 | €304,246 | -€61,950 | -16.9% |
| Accrued charges and deferred income | 492/3 | €5,280 | €28,829 | +€23,549 | +446% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,854 | €227,939 | +€12,086 | +5.6% |
| Other operating charges | 640/8 | €25,828 | €26,656 | +€828 | +3.2% |
| Gross operating margin | 9900 | €274,073 | €316,233 | +€42,160 | +15.4% |
| Operating profit (loss) | 9901 | €32,391 | €61,637 | +€29,246 | +90.3% |
| Financial income | 75/76B | €8,364 | €0 | -€8,364 | -100% |
| Recurring financial income | 75 | €8,364 | €0 | -€8,364 | -100% |
| Financial charges | 65/66B | €55,944 | €72,190 | +€16,246 | +29.0% |
| Recurring financial charges | 65 | €55,944 | €72,190 | +€16,246 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,188 | -€10,553 | +€4,636 | +30.5% |
| Transfer from deferred taxes | 780 | €2,823 | €2,823 | = | 0.0% |
| Income taxes | 67/77 | -€9,326 | €0 | +€9,326 | |
| Profit (loss) for the period | 9904 | -€3,040 | -€7,730 | -€4,690 | -154% |
| Transfer from tax-exempt reserves | 789 | €14,113 | €14,113 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,073 | €6,383 | -€4,690 | -42.4% |
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 1 November 2026 via checked.be.