CLIPEA: 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.
CLIPEA
Largest movements
- Cash +€96,616
up €96,616 (+1.6%), from €6.1m to €6.2m
mainly Net result for the year (+€69,122) and Depreciation (+€27,519)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€477,326
down €477,326 (-80.0%), from €596,563 to €119,236
- Financial charges -€32,098
down €32,098 (-80.5%), from €39,852 to €7,754
- Gross operating margin +€8,808
up €8,808 (+46.9%), from -€18,783 to -€9,975
- Other operating charges -€1,508
down €1,508 (-23.7%), from €6,374 to €4,866
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 | €6,902,262 | €6,971,359 | +€69,097 | +1.0% |
| Fixed assets | 21/28 | €755,845 | €728,326 | -€27,519 | -3.6% |
| Tangible fixed assets | 22/27 | €755,845 | €728,326 | -€27,519 | -3.6% |
| Land and buildings | 22 | €755,845 | €728,326 | -€27,519 | -3.6% |
| Current assets | 29/58 | €6,146,417 | €6,243,033 | +€96,616 | +1.6% |
| Cash at bank and in hand | 54/58 | €6,146,417 | €6,243,033 | +€96,616 | +1.6% |
| Total equity and liabilities | 10/49 | €6,902,262 | €6,971,359 | +€69,097 | +1.0% |
| Equity | 10/15 | €6,897,942 | €6,967,064 | +€69,122 | +1.0% |
| Contributions | 10/11 | €7,020,000 | €7,020,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,058 | -€52,936 | +€69,122 | +56.6% |
| Amounts payable | 17/49 | €4,320 | €4,295 | -€25 | -0.6% |
| Amounts payable within one year | 42/48 | €4,320 | €4,295 | -€25 | -0.6% |
| Trade debts | 44 | €4,320 | €4,295 | -€25 | -0.6% |
| Suppliers | 440/4 | €4,320 | €4,295 | -€25 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,519 | €27,519 | = | 0.0% |
| Other operating charges | 640/8 | €6,374 | €4,866 | -€1,508 | -23.7% |
| Gross operating margin | 9900 | -€18,783 | -€9,975 | +€8,808 | +46.9% |
| Operating profit (loss) | 9901 | -€52,676 | -€42,360 | +€10,316 | +19.6% |
| Financial income | 75/76B | €596,563 | €119,236 | -€477,326 | -80.0% |
| Recurring financial income | 75 | €596,563 | €119,236 | -€477,326 | -80.0% |
| Financial charges | 65/66B | €39,852 | €7,754 | -€32,098 | -80.5% |
| Recurring financial charges | 65 | €39,852 | €7,754 | -€32,098 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | €504,034 | €69,122 | -€434,912 | -86.3% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €504,034 | €69,122 | -€434,912 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €504,034 | €69,122 | -€434,912 | -86.3% |
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 15 October 2026 via checked.be.