CLINIZA: 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.
CLINIZA
Largest movements
- Tangible fixed assets +€259,580
up €259,580 (+79.0%), from €328,458 to €588,038
of which Other tangible fixed assets: +€289,076
- Stocks and contracts +€37,743
up €37,743 (+164%), from €22,964 to €60,707
- Receivables within one year -€30,349
down €30,349 (-86.1%), from €35,247 to €4,898
of which Other amounts receivable: -€34,237
- Cash -€12,702
down €12,702 (-33.5%), from €37,914 to €25,212
mainly Investment in fixed assets (net) (-€285,611) and Trade debts (-€88,863)
- Other debts +€220,367
up €220,367 (+149%), from €147,600 to €367,967
- Tax, wage and social debts +€91,446
up €91,446 (+1,555%), from €5,880 to €97,326
of which Remuneration and social security: +€59,111
- Trade debts -€88,863
down €88,863 (-47.9%), from €185,429 to €96,566
- Debts after one year +€87,761
new in 2025: €87,761
- Profit (loss) carried forward -€87,571
down €87,571 (-937%), from -€9,341 to -€96,913
- Staff costs +€225,586
up €225,586 (+2,103%), from €10,729 to €236,316
- Gross operating margin +€178,307
up €178,307 (+6,711%), from €2,657 to €180,964
- Depreciation +€23,771
up €23,771 (+8,044%), from €296 to €24,067
- Financial charges +€5,681
up €5,681 (+798%), from €712 to €6,392
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 | €434,568 | €695,927 | +€261,360 | +60.1% |
| Formation expenses | 20 | €1,547 | €1,178 | -€368 | -23.8% |
| Fixed assets | 21/28 | €331,508 | €593,421 | +€261,913 | +79.0% |
| Intangible fixed assets | 21 | €3,050 | €2,743 | -€307 | -10.1% |
| Tangible fixed assets | 22/27 | €328,458 | €588,038 | +€259,580 | +79.0% |
| Plant, machinery and equipment | 23 | €91,325 | €237,309 | +€145,985 | +160% |
| Furniture and vehicles | 24 | €59,323 | €61,652 | +€2,329 | +3.9% |
| Other tangible fixed assets | 26 | - | €289,076 | +€289,076 | |
| Assets under construction and advance payments | 27 | €177,810 | - | -€177,810 | |
| Financial fixed assets | 28 | - | €2,640 | +€2,640 | |
| Current assets | 29/58 | €101,513 | €101,328 | -€185 | -0.2% |
| Stocks and contracts in progress | 3 | €22,964 | €60,707 | +€37,743 | +164% |
| Stocks | 30/36 | €22,964 | €60,707 | +€37,743 | +164% |
| Amounts receivable within one year | 40/41 | €35,247 | €4,898 | -€30,349 | -86.1% |
| Trade receivables | 40 | - | €3,888 | +€3,888 | |
| Other amounts receivable | 41 | €35,247 | €1,009 | -€34,237 | -97.1% |
| Cash at bank and in hand | 54/58 | €37,914 | €25,212 | -€12,702 | -33.5% |
| Deferred charges and accrued income | 490/1 | €5,389 | €10,511 | +€5,122 | +95.1% |
| Total equity and liabilities | 10/49 | €434,568 | €695,927 | +€261,360 | +60.1% |
| Equity | 10/15 | €95,659 | €8,087 | -€87,571 | -91.5% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,341 | -€96,913 | -€87,571 | -937% |
| Amounts payable | 17/49 | €338,909 | €687,840 | +€348,931 | +103% |
| Amounts payable after more than one year | 17 | - | €87,761 | +€87,761 | |
| Financial debts | 170/4 | - | €87,761 | +€87,761 | |
| Amounts payable within one year | 42/48 | €338,909 | €599,570 | +€260,661 | +76.9% |
| Current portion of amounts payable after more than one year | 42 | - | €15,500 | +€15,500 | |
| Financial debts | 43 | - | €4,785 | +€4,785 | |
| Credit institutions | 430/8 | - | €4,785 | +€4,785 | |
| Trade debts | 44 | €185,429 | €96,566 | -€88,863 | -47.9% |
| Suppliers | 440/4 | €185,429 | €96,566 | -€88,863 | -47.9% |
| Advances received on contracts in progress | 46 | - | €17,426 | +€17,426 | |
| Taxes, remuneration and social security | 45 | €5,880 | €97,326 | +€91,446 | +1,555% |
| Taxes | 450/3 | €131 | €32,466 | +€32,335 | +24,761% |
| Remuneration and social security | 454/9 | €5,749 | €64,860 | +€59,111 | +1,028% |
| Other amounts payable | 47/48 | €147,600 | €367,967 | +€220,367 | +149% |
| Accrued charges and deferred income | 492/3 | - | €509 | +€509 | |
| Remuneration, social security and pensions | 62 | €10,729 | €236,316 | +€225,586 | +2,103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €296 | €24,067 | +€23,771 | +8,044% |
| Other operating charges | 640/8 | €387 | €1,785 | +€1,398 | +361% |
| Gross operating margin | 9900 | €2,657 | €180,964 | +€178,307 | +6,711% |
| Operating profit (loss) | 9901 | -€8,755 | -€81,204 | -€72,448 | -827% |
| Financial income | 75/76B | €126 | €321 | +€196 | +156% |
| Recurring financial income | 75 | €126 | €321 | +€196 | +156% |
| Financial charges | 65/66B | €712 | €6,392 | +€5,681 | +798% |
| Recurring financial charges | 65 | €712 | €6,392 | +€5,681 | +798% |
| Profit (loss) for the period before taxes | 9903 | -€9,341 | -€87,274 | -€77,933 | -834% |
| Income taxes | 67/77 | - | €297 | +€297 | |
| Profit (loss) for the period | 9904 | -€9,341 | -€87,571 | -€78,230 | -837% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,341 | -€87,571 | -€78,230 | -837% |
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.