Climo: 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.
Climo
Largest movements
- Receivables within one year +€91,228
up €91,228 (+66.5%), from €137,153 to €228,381
of which Trade receivables: +€66,823
- Tangible fixed assets -€36,192
down €36,192 (-7.8%), from €464,054 to €427,862
of which Land and buildings: -€29,983
- Deferred charges and accrued income +€10,271
up €10,271 (+221%), from €4,647 to €14,918
- Cash +€7,968
up €7,968 (+36.0%), from €22,145 to €30,113
mainly Trade debts (+€89,655) and Depreciation (+€36,782)
- Trade debts +€89,655
up €89,655 (+181%), from €49,498 to €139,153
- Debts after one year -€56,820
down €56,820 (-14.3%), from €398,503 to €341,682
- Profit (loss) carried forward +€27,588
up €27,588 (+18.8%), from -€146,633 to -€119,045
- Staff costs +€33,710
up €33,710 (+82.4%), from €40,929 to €74,640
- Gross operating margin +€11,589
up €11,589 (+5.8%), from €200,439 to €212,028
- Other operating charges +€6,553
up €6,553 (+154%), from €4,254 to €10,807
- Write-downs -€6,224
new in 2025: -€6,224
- Financial charges -€5,356
down €5,356 (-11.4%), from €47,016 to €41,660
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 | €721,334 | €786,850 | +€65,517 | +9.1% |
| Fixed assets | 21/28 | €466,605 | €429,472 | -€37,133 | -8.0% |
| Intangible fixed assets | 21 | €2,551 | €1,610 | -€941 | -36.9% |
| Tangible fixed assets | 22/27 | €464,054 | €427,862 | -€36,192 | -7.8% |
| Land and buildings | 22 | €444,088 | €414,105 | -€29,983 | -6.8% |
| Plant, machinery and equipment | 23 | €1,391 | €676 | -€715 | -51.4% |
| Furniture and vehicles | 24 | €9,530 | €5,807 | -€3,723 | -39.1% |
| Other tangible fixed assets | 26 | €9,045 | €7,274 | -€1,771 | -19.6% |
| Current assets | 29/58 | €254,729 | €357,378 | +€102,650 | +40.3% |
| Stocks and contracts in progress | 3 | €90,784 | €83,966 | -€6,818 | -7.5% |
| Stocks | 30/36 | €72,184 | €81,716 | +€9,532 | +13.2% |
| Contracts in progress | 37 | €18,600 | €2,250 | -€16,350 | -87.9% |
| Amounts receivable within one year | 40/41 | €137,153 | €228,381 | +€91,228 | +66.5% |
| Trade receivables | 40 | €130,629 | €197,452 | +€66,823 | +51.2% |
| Other amounts receivable | 41 | €6,524 | €30,929 | +€24,405 | +374% |
| Cash at bank and in hand | 54/58 | €22,145 | €30,113 | +€7,968 | +36.0% |
| Deferred charges and accrued income | 490/1 | €4,647 | €14,918 | +€10,271 | +221% |
| Total equity and liabilities | 10/49 | €721,334 | €786,850 | +€65,517 | +9.1% |
| Equity | 10/15 | €62,336 | €89,923 | +€27,588 | +44.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €196,569 | €196,569 | = | 0.0% |
| Distributable reserves | 133 | €196,569 | €196,569 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,633 | -€119,045 | +€27,588 | +18.8% |
| Amounts payable | 17/49 | €658,998 | €696,927 | +€37,929 | +5.8% |
| Amounts payable after more than one year | 17 | €398,503 | €341,682 | -€56,820 | -14.3% |
| Financial debts | 170/4 | €398,503 | €341,682 | -€56,820 | -14.3% |
| Amounts payable within one year | 42/48 | €260,296 | €354,527 | +€94,232 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €55,086 | €56,820 | +€1,734 | +3.1% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €49,498 | €139,153 | +€89,655 | +181% |
| Suppliers | 440/4 | €49,498 | €139,153 | +€89,655 | +181% |
| Taxes, remuneration and social security | 45 | €5,711 | €8,554 | +€2,843 | +49.8% |
| Taxes | 450/3 | €880 | €656 | -€224 | -25.5% |
| Remuneration and social security | 454/9 | €4,831 | €7,898 | +€3,067 | +63.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €200 | €717 | +€517 | +258% |
| Non-recurring operating income | 76A | €0 | €4,169 | +€4,169 | |
| Remuneration, social security and pensions | 62 | €40,929 | €74,640 | +€33,710 | +82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,229 | €36,782 | -€3,447 | -8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€6,224 | -€6,224 | |
| Other operating charges | 640/8 | €4,254 | €10,807 | +€6,553 | +154% |
| Non-recurring operating charges | 66A | €0 | €28,485 | +€28,485 | |
| Gross operating margin | 9900 | €200,439 | €212,028 | +€11,589 | +5.8% |
| Operating profit (loss) | 9901 | €115,027 | €67,538 | -€47,489 | -41.3% |
| Financial income | 75/76B | €1,005 | €1,960 | +€956 | +95.1% |
| Recurring financial income | 75 | €1,005 | €1,960 | +€956 | +95.1% |
| Financial charges | 65/66B | €47,016 | €41,660 | -€5,356 | -11.4% |
| Recurring financial charges | 65 | €47,016 | €41,660 | -€5,356 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €69,016 | €27,839 | -€41,177 | -59.7% |
| Income taxes | 67/77 | €405 | €251 | -€155 | -38.2% |
| Profit (loss) for the period | 9904 | €68,611 | €27,588 | -€41,023 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,611 | €27,588 | -€41,023 | -59.8% |
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 17 October 2026 via checked.be.