CLIPA: 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.
CLIPA
Largest movements
- Current investments +€29,265
up €29,265 (+300%), from €9,756 to €39,021
- Cash -€20,390
down €20,390 (-30.1%), from €67,779 to €47,389
mainly Contributions, distributions and other (-€88,939) and Current investments (-€29,265)
- Receivables within one year +€18,045
up €18,045 (+120%), from €15,021 to €33,066
of which Other amounts receivable: +€20,714
- Tangible fixed assets -€11,790
down €11,790 (-13.7%), from €86,189 to €74,400
of which Other tangible fixed assets: -€10,741
- Other debts +€67,891
new in 2025: €67,891
- Reserves -€49,767
down €49,767 (-32.8%), from €151,903 to €102,136
- Tax, wage and social debts -€4,721
down €4,721 (-19.2%), from €24,548 to €19,827
of which Taxes: -€5,512
- Staff costs +€10,350
up €10,350 (+26.9%), from €38,468 to €48,818
- Gross operating margin +€6,381
up €6,381 (+5.3%), from €121,247 to €127,628
- Taxes -€2,059
down €2,059 (-12.1%), from €16,976 to €14,917
- Financial charges -€1,840
down €1,840 (-55.1%), from €3,343 to €1,502
- Depreciation +€1,284
up €1,284 (+5.9%), from €21,916 to €23,200
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 | €194,340 | €209,112 | +€14,772 | +7.6% |
| Fixed assets | 21/28 | €89,352 | €77,563 | -€11,790 | -13.2% |
| Tangible fixed assets | 22/27 | €86,189 | €74,400 | -€11,790 | -13.7% |
| Land and buildings | 22 | €14,850 | €13,500 | -€1,350 | -9.1% |
| Plant, machinery and equipment | 23 | €10,304 | €11,036 | +€732 | +7.1% |
| Furniture and vehicles | 24 | €9,096 | €8,665 | -€431 | -4.7% |
| Other tangible fixed assets | 26 | €51,940 | €41,199 | -€10,741 | -20.7% |
| Financial fixed assets | 28 | €3,163 | €3,163 | = | 0.0% |
| Current assets | 29/58 | €104,988 | €131,549 | +€26,561 | +25.3% |
| Stocks and contracts in progress | 3 | €12,135 | €11,420 | -€715 | -5.9% |
| Stocks | 30/36 | €12,135 | €11,420 | -€715 | -5.9% |
| Amounts receivable within one year | 40/41 | €15,021 | €33,066 | +€18,045 | +120% |
| Trade receivables | 40 | €6,418 | €3,749 | -€2,669 | -41.6% |
| Other amounts receivable | 41 | €8,603 | €29,317 | +€20,714 | +241% |
| Current investments | 50/53 | €9,756 | €39,021 | +€29,265 | +300% |
| Cash at bank and in hand | 54/58 | €67,779 | €47,389 | -€20,390 | -30.1% |
| Deferred charges and accrued income | 490/1 | €298 | €653 | +€355 | +119% |
| Total equity and liabilities | 10/49 | €194,340 | €209,112 | +€14,772 | +7.6% |
| Equity | 10/15 | €158,103 | €108,336 | -€49,767 | -31.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €151,903 | €102,136 | -€49,767 | -32.8% |
| Distributable reserves | 133 | €151,903 | €102,136 | -€49,767 | -32.8% |
| Amounts payable | 17/49 | €36,238 | €100,776 | +€64,538 | +178% |
| Amounts payable within one year | 42/48 | €36,238 | €100,776 | +€64,538 | +178% |
| Trade debts | 44 | €5,466 | €4,982 | -€483 | -8.8% |
| Suppliers | 440/4 | €5,466 | €4,982 | -€483 | -8.8% |
| Advances received on contracts in progress | 46 | €6,224 | €8,075 | +€1,851 | +29.7% |
| Taxes, remuneration and social security | 45 | €24,548 | €19,827 | -€4,721 | -19.2% |
| Taxes | 450/3 | €20,784 | €15,272 | -€5,512 | -26.5% |
| Remuneration and social security | 454/9 | €3,764 | €4,555 | +€791 | +21.0% |
| Other amounts payable | 47/48 | - | €67,891 | +€67,891 | |
| Remuneration, social security and pensions | 62 | €38,468 | €48,818 | +€10,350 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,916 | €23,200 | +€1,284 | +5.9% |
| Other operating charges | 640/8 | €1,222 | €1,668 | +€446 | +36.5% |
| Gross operating margin | 9900 | €121,247 | €127,628 | +€6,381 | +5.3% |
| Operating profit (loss) | 9901 | €59,641 | €53,942 | -€5,699 | -9.6% |
| Financial income | 75/76B | €371 | €1,650 | +€1,279 | +344% |
| Recurring financial income | 75 | €371 | €1,650 | +€1,279 | +344% |
| Financial charges | 65/66B | €3,343 | €1,502 | -€1,840 | -55.1% |
| Recurring financial charges | 65 | €3,343 | €1,502 | -€1,840 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €56,670 | €54,090 | -€2,579 | -4.6% |
| Income taxes | 67/77 | €16,976 | €14,917 | -€2,059 | -12.1% |
| Profit (loss) for the period | 9904 | €39,693 | €39,173 | -€520 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,693 | €39,173 | -€520 | -1.3% |
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 25 October 2026 via checked.be.