CLIP DISPLAY SERVICES: 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.
CLIP DISPLAY SERVICES
Largest movements
- Tangible fixed assets +€358,529
up €358,529 (+29.5%), from €1.2m to €1.6m
of which Assets under construction and advance payments: +€246,912
- Current investments +€200,000
new in 2025: €200,000
- Cash -€88,680
down €88,680 (-40.1%), from €221,415 to €132,735
mainly Investment in fixed assets (net) (-€487,940) and Current investments (-€200,000)
- Receivables within one year -€80,389
down €80,389 (-22.8%), from €352,919 to €272,530
of which Trade receivables: -€95,521
- Stocks and contracts -€29,510
down €29,510 (-32.3%), from €91,442 to €61,932
- Debts after one year +€210,612
up €210,612 (+24.9%), from €847,513 to €1.1m
- Trade debts +€131,153
up €131,153 (+80.7%), from €162,444 to €293,597
- Profit (loss) carried forward +€118,188
up €118,188 (+39.3%), from €300,515 to €418,703
- Accrued charges and deferred income -€111,529
down €111,529 (-100.0%), from €111,529 to €0
- Tax, wage and social debts -€56,449
down €56,449 (-37.0%), from €152,441 to €95,992
of which Taxes: -€86,020
- Staff costs +€154,385
up €154,385 (+22.4%), from €689,860 to €844,245
- Gross operating margin +€72,522
up €72,522 (+6.5%), from €1.1m to €1.2m
- Depreciation -€64,453
down €64,453 (-32.8%), from €196,210 to €131,757
- Provisions +€38,664
up €38,664, from -€38,664 to €0
- Taxes -€34,210
down €34,210 (-46.1%), from €74,215 to €40,005
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 | €1,890,993 | €2,254,854 | +€363,860 | +19.2% |
| Fixed assets | 21/28 | €1,221,880 | €1,578,063 | +€356,183 | +29.2% |
| Intangible fixed assets | 21 | €5,816 | €3,469 | -€2,347 | -40.3% |
| Tangible fixed assets | 22/27 | €1,216,064 | €1,574,593 | +€358,529 | +29.5% |
| Land and buildings | 22 | €1,013,199 | €1,083,560 | +€70,361 | +6.9% |
| Plant, machinery and equipment | 23 | €121,037 | €141,940 | +€20,904 | +17.3% |
| Furniture and vehicles | 24 | €45,221 | €28,873 | -€16,347 | -36.2% |
| Leasing and similar rights | 25 | €22,811 | €59,511 | +€36,701 | +160.9% |
| Assets under construction and advance payments | 27 | €13,797 | €260,709 | +€246,912 | +1789.6% |
| Current assets | 29/58 | €669,113 | €676,791 | +€7,678 | +1.1% |
| Stocks and contracts in progress | 3 | €91,442 | €61,932 | -€29,510 | -32.3% |
| Stocks | 30/36 | €91,442 | €61,932 | -€29,510 | -32.3% |
| Amounts receivable within one year | 40/41 | €352,919 | €272,530 | -€80,389 | -22.8% |
| Trade receivables | 40 | €350,092 | €254,571 | -€95,521 | -27.3% |
| Other amounts receivable | 41 | €2,827 | €17,959 | +€15,132 | +535.3% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €221,415 | €132,735 | -€88,680 | -40.1% |
| Deferred charges and accrued income | 490/1 | €3,337 | €9,593 | +€6,256 | +187.5% |
| Total equity and liabilities | 10/49 | €1,890,993 | €2,254,854 | +€363,860 | +19.2% |
| Equity | 10/15 | €368,715 | €486,903 | +€118,188 | +32.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €300,515 | €418,703 | +€118,188 | +39.3% |
| Amounts payable | 17/49 | €1,522,279 | €1,767,951 | +€245,673 | +16.1% |
| Amounts payable after more than one year | 17 | €847,513 | €1,058,125 | +€210,612 | +24.9% |
| Financial debts | 170/4 | €847,513 | €1,058,125 | +€210,612 | +24.9% |
| Amounts payable within one year | 42/48 | €563,237 | €709,826 | +€146,589 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €48,401 | €90,935 | +€42,534 | +87.9% |
| Financial debts | 43 | - | €29,351 | +€29,351 | |
| Credit institutions | 430/8 | - | €29,351 | +€29,351 | |
| Trade debts | 44 | €162,444 | €293,597 | +€131,153 | +80.7% |
| Suppliers | 440/4 | €162,444 | €293,597 | +€131,153 | +80.7% |
| Taxes, remuneration and social security | 45 | €152,441 | €95,992 | -€56,449 | -37.0% |
| Taxes | 450/3 | €92,825 | €6,806 | -€86,020 | -92.7% |
| Remuneration and social security | 454/9 | €59,615 | €89,186 | +€29,571 | +49.6% |
| Other amounts payable | 47/48 | €199,952 | €199,952 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €111,529 | €0 | -€111,529 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €689,860 | €844,245 | +€154,385 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,210 | €131,757 | -€64,453 | -32.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€520 | -€848 | -€328 | -63.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€38,664 | €0 | +€38,664 | |
| Other operating charges | 640/8 | €7,736 | €25,751 | +€18,015 | +232.9% |
| Gross operating margin | 9900 | €1,123,002 | €1,195,524 | +€72,522 | +6.5% |
| Operating profit (loss) | 9901 | €268,380 | €194,619 | -€73,761 | -27.5% |
| Financial income | 75/76B | €5,940 | €1,297 | -€4,642 | -78.2% |
| Recurring financial income | 75 | €5,940 | €1,297 | -€4,642 | -78.2% |
| Financial charges | 65/66B | €10,993 | €37,723 | +€26,731 | +243.2% |
| Recurring financial charges | 65 | €10,993 | €37,723 | +€26,731 | +243.2% |
| Profit (loss) for the period before taxes | 9903 | €263,327 | €158,193 | -€105,134 | -39.9% |
| Income taxes | 67/77 | €74,215 | €40,005 | -€34,210 | -46.1% |
| Profit (loss) for the period | 9904 | €189,112 | €118,188 | -€70,924 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €189,112 | €118,188 | -€70,924 | -37.5% |
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.