Clinavig: 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.
Clinavig
Largest movements
- Cash +€83,172
up €83,172 (+100.6%), from €82,649 to €165,820
mainly Net result for the year (+€147,773) and Depreciation (+€2,823)
- Receivables within one year +€55,110
up €55,110 (+128.6%), from €42,865 to €97,975
of which Other amounts receivable: +€34,576
- Reserves +€147,773
up €147,773 (+157.5%), from €93,849 to €241,621
- Current portion of long-term debt -€3,037
no longer reported in 2025 (was €3,037)
- Gross operating margin +€79,512
up €79,512 (+66.6%), from €119,472 to €198,984
- Taxes +€18,978
up €18,978 (+77.0%), from €24,642 to €43,620
- Depreciation +€2,292
up €2,292 (+431.7%), from €531 to €2,823
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 | €130,984 | €271,408 | +€140,424 | +107.2% |
| Fixed assets | 21/28 | €5,470 | €7,497 | +€2,027 | +37.1% |
| Intangible fixed assets | 21 | €1 | - | -€1 | |
| Tangible fixed assets | 22/27 | €5,469 | €7,497 | +€2,028 | +37.1% |
| Furniture and vehicles | 24 | €5,469 | €7,497 | +€2,028 | +37.1% |
| Current assets | 29/58 | €125,514 | €263,911 | +€138,397 | +110.3% |
| Amounts receivable within one year | 40/41 | €42,865 | €97,975 | +€55,110 | +128.6% |
| Trade receivables | 40 | €40,564 | €61,099 | +€20,535 | +50.6% |
| Other amounts receivable | 41 | €2,300 | €36,876 | +€34,576 | +1503.0% |
| Cash at bank and in hand | 54/58 | €82,649 | €165,820 | +€83,172 | +100.6% |
| Deferred charges and accrued income | 490/1 | - | €115 | +€115 | |
| Total equity and liabilities | 10/49 | €130,984 | €271,408 | +€140,424 | +107.2% |
| Equity | 10/15 | €98,849 | €246,621 | +€147,773 | +149.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €93,849 | €241,621 | +€147,773 | +157.5% |
| Distributable reserves | 133 | €93,849 | €241,621 | +€147,773 | +157.5% |
| Amounts payable | 17/49 | €32,135 | €24,787 | -€7,348 | -22.9% |
| Amounts payable within one year | 42/48 | €32,135 | €24,787 | -€7,348 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €3,037 | - | -€3,037 | |
| Trade debts | 44 | €1,766 | - | -€1,766 | |
| Suppliers | 440/4 | €1,766 | - | -€1,766 | |
| Taxes, remuneration and social security | 45 | €26,344 | €24,787 | -€1,557 | -5.9% |
| Taxes | 450/3 | €26,344 | €24,787 | -€1,557 | -5.9% |
| Other amounts payable | 47/48 | €988 | - | -€988 | |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | - | €440 | +€440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €531 | €2,823 | +€2,292 | +431.7% |
| Other operating charges | 640/8 | €407 | €1,894 | +€1,487 | +365.1% |
| Non-recurring operating charges | 66A | €0 | €2,311 | +€2,311 | +2889175.0% |
| Gross operating margin | 9900 | €119,472 | €198,984 | +€79,512 | +66.6% |
| Operating profit (loss) | 9901 | €118,534 | €191,516 | +€72,982 | +61.6% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €43 | €141 | +€98 | +227.3% |
| Recurring financial charges | 65 | €43 | €141 | +€98 | +227.3% |
| Profit (loss) for the period before taxes | 9903 | €118,491 | €191,393 | +€72,902 | +61.5% |
| Income taxes | 67/77 | €24,642 | €43,620 | +€18,978 | +77.0% |
| Profit (loss) for the period | 9904 | €93,849 | €147,773 | +€53,924 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €93,849 | €147,773 | +€53,924 | +57.5% |
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.