Clinitude: 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.
Clinitude
Largest movements
- Receivables within one year -€93,275
down €93,275 (-38.6%), from €241,345 to €148,069
of which Trade receivables: -€88,985
- Cash -€58,697
down €58,697 (-72.9%), from €80,535 to €21,838
mainly Tax, wage and social debts (-€76,737) and Net result for the year (-€39,985)
- Tangible fixed assets +€41,421
up €41,421 (+171.5%), from €24,158 to €65,578
of which Assets under construction and advance payments: +€49,000
- Financial fixed assets -€20,000
no longer reported in 2025 (was €20,000)
- Tax, wage and social debts -€76,737
down €76,737 (-29.0%), from €264,993 to €188,256
of which Taxes: -€82,762
- Profit (loss) carried forward -€39,985
down €39,985 (-5.2%), from -€776,306 to -€816,291
- Debts after one year -€24,980
down €24,980 (-48.8%), from €51,221 to €26,241
- Accrued charges and deferred income -€14,240
down €14,240 (-98.9%), from €14,394 to €153
- Other debts +€12,939
up €12,939 (+5.2%), from €246,927 to €259,866
- Staff costs -€119,049
down €119,049 (-23.2%), from €513,757 to €394,708
- Gross operating margin -€32,357
down €32,357 (-7.2%), from €451,786 to €419,430
- Depreciation -€6,658
down €6,658 (-46.8%), from €14,237 to €7,579
- Other operating charges -€5,936
down €5,936 (-39.8%), from €14,911 to €8,975
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 | €409,625 | €279,056 | -€130,569 | -31.9% |
| Fixed assets | 21/28 | €44,158 | €65,578 | +€21,421 | +48.5% |
| Tangible fixed assets | 22/27 | €24,158 | €65,578 | +€41,421 | +171.5% |
| Plant, machinery and equipment | 23 | €4,287 | €1,222 | -€3,065 | -71.5% |
| Furniture and vehicles | 24 | €5,472 | €2,989 | -€2,483 | -45.4% |
| Other tangible fixed assets | 26 | €14,398 | €12,368 | -€2,030 | -14.1% |
| Assets under construction and advance payments | 27 | - | €49,000 | +€49,000 | |
| Financial fixed assets | 28 | €20,000 | - | -€20,000 | |
| Current assets | 29/58 | €365,468 | €213,477 | -€151,990 | -41.6% |
| Amounts receivable within one year | 40/41 | €241,345 | €148,069 | -€93,275 | -38.6% |
| Trade receivables | 40 | €183,870 | €94,885 | -€88,985 | -48.4% |
| Other amounts receivable | 41 | €57,475 | €53,184 | -€4,291 | -7.5% |
| Current investments | 50/53 | €36,218 | €38,718 | +€2,500 | +6.9% |
| Cash at bank and in hand | 54/58 | €80,535 | €21,838 | -€58,697 | -72.9% |
| Deferred charges and accrued income | 490/1 | €7,370 | €4,852 | -€2,518 | -34.2% |
| Total equity and liabilities | 10/49 | €409,625 | €279,056 | -€130,569 | -31.9% |
| Equity | 10/15 | -€334,787 | -€374,772 | -€39,985 | -11.9% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €372,919 | €372,919 | = | 0.0% |
| Distributable reserves | 133 | €372,919 | €372,919 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€776,306 | -€816,291 | -€39,985 | -5.2% |
| Amounts payable | 17/49 | €744,412 | €653,828 | -€90,584 | -12.2% |
| Amounts payable after more than one year | 17 | €51,221 | €26,241 | -€24,980 | -48.8% |
| Financial debts | 170/4 | €51,221 | €26,241 | -€24,980 | -48.8% |
| Amounts payable within one year | 42/48 | €678,797 | €627,433 | -€51,364 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €23,779 | €24,980 | +€1,201 | +5.1% |
| Financial debts | 43 | €39,720 | €41,575 | +€1,855 | +4.7% |
| Credit institutions | 430/8 | €39,720 | €29,075 | -€10,645 | -26.8% |
| Other loans | 439 | - | €12,500 | +€12,500 | |
| Trade debts | 44 | €103,379 | €112,756 | +€9,377 | +9.1% |
| Suppliers | 440/4 | €103,379 | €112,756 | +€9,377 | +9.1% |
| Taxes, remuneration and social security | 45 | €264,993 | €188,256 | -€76,737 | -29.0% |
| Taxes | 450/3 | €151,983 | €69,221 | -€82,762 | -54.5% |
| Remuneration and social security | 454/9 | €113,010 | €119,035 | +€6,025 | +5.3% |
| Other amounts payable | 47/48 | €246,927 | €259,866 | +€12,939 | +5.2% |
| Accrued charges and deferred income | 492/3 | €14,394 | €153 | -€14,240 | -98.9% |
| Non-recurring operating income | 76A | €1,200 | €22,544 | +€21,344 | +1778.7% |
| Remuneration, social security and pensions | 62 | €513,757 | €394,708 | -€119,049 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,237 | €7,579 | -€6,658 | -46.8% |
| Other operating charges | 640/8 | €14,911 | €8,975 | -€5,936 | -39.8% |
| Non-recurring operating charges | 66A | €2,292 | €20,000 | +€17,708 | +772.6% |
| Gross operating margin | 9900 | €451,786 | €419,430 | -€32,357 | -7.2% |
| Operating profit (loss) | 9901 | -€93,410 | -€11,832 | +€81,578 | +87.3% |
| Financial income | 75/76B | €7,770 | €4,128 | -€3,642 | -46.9% |
| Recurring financial income | 75 | €7,770 | €4,128 | -€3,642 | -46.9% |
| Financial charges | 65/66B | €33,728 | €31,674 | -€2,054 | -6.1% |
| Recurring financial charges | 65 | €33,728 | €31,674 | -€2,054 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€119,369 | -€39,379 | +€79,990 | +67.0% |
| Income taxes | 67/77 | €1,145 | €607 | -€539 | -47.0% |
| Profit (loss) for the period | 9904 | -€120,514 | -€39,985 | +€80,529 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€120,514 | -€39,985 | +€80,529 | +66.8% |
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 12 October 2026 via checked.be.