Clipeum: what changed
Two fiscal 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.
Clipeum
Largest movements
- Intangible fixed assets -€36,959
down €36,959 (-33.3%), from €110,877 to €73,918
- Receivables within one year +€29,667
up €29,667 (+59.7%), from €49,714 to €79,381
of which Trade receivables: +€27,532
- Cash -€6,490
down €6,490 (-14.8%), from €43,969 to €37,479
mainly Receivables within one year (-€29,667) and Debts after one year (-€27,707)
- Debts after one year -€27,707
down €27,707 (-100.0%), from €27,707 to €0
- Accrued charges and deferred income +€13,915
up €13,915 (+294.9%), from €4,718 to €18,634
- Profit (loss) carried forward +€4,852
up €4,852 (+5.2%), from €92,679 to €97,531
- Trade debts -€4,749
down €4,749 (-7.7%), from €61,577 to €56,828
- Current portion of long-term debt -€4,602
down €4,602 (-14.2%), from €32,308 to €27,707
- Gross operating margin +€1,058
up €1,058 (+1.9%), from €56,032 to €57,089
- Financial income +€714
up €714 (+161.0%), from €443 to €1,157
- Taxes +€632
up €632 (+4.7%), from €13,312 to €13,944
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 | €246,378 | €232,021 | -€14,357 | -5.8% |
| Fixed assets | 21/28 | €112,078 | €74,609 | -€37,469 | -33.4% |
| Intangible fixed assets | 21 | €110,877 | €73,918 | -€36,959 | -33.3% |
| Tangible fixed assets | 22/27 | €1,201 | €691 | -€510 | -42.5% |
| Plant, machinery and equipment | 23 | €1,201 | €691 | -€510 | -42.5% |
| Current assets | 29/58 | €134,300 | €157,413 | +€23,112 | +17.2% |
| Amounts receivable within one year | 40/41 | €49,714 | €79,381 | +€29,667 | +59.7% |
| Trade receivables | 40 | €47,893 | €75,424 | +€27,532 | +57.5% |
| Other amounts receivable | 41 | €1,821 | €3,956 | +€2,135 | +117.2% |
| Current investments | 50/53 | €40,000 | €40,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,969 | €37,479 | -€6,490 | -14.8% |
| Deferred charges and accrued income | 490/1 | €617 | €552 | -€65 | -10.5% |
| Total equity and liabilities | 10/49 | €246,378 | €232,021 | -€14,357 | -5.8% |
| Equity | 10/15 | €112,679 | €117,531 | +€4,852 | +4.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,679 | €97,531 | +€4,852 | +5.2% |
| Amounts payable | 17/49 | €133,699 | €114,491 | -€19,208 | -14.4% |
| Amounts payable after more than one year | 17 | €27,707 | €0 | -€27,707 | -100.0% |
| Financial debts | 170/4 | €27,707 | €0 | -€27,707 | -100.0% |
| Amounts payable within one year | 42/48 | €101,274 | €95,857 | -€5,417 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €32,308 | €27,707 | -€4,602 | -14.2% |
| Trade debts | 44 | €61,577 | €56,828 | -€4,749 | -7.7% |
| Suppliers | 440/4 | €61,577 | €56,828 | -€4,749 | -7.7% |
| Taxes, remuneration and social security | 45 | €7,389 | €11,322 | +€3,933 | +53.2% |
| Taxes | 450/3 | €7,389 | €11,322 | +€3,933 | +53.2% |
| Accrued charges and deferred income | 492/3 | €4,718 | €18,634 | +€13,915 | +294.9% |
| Remuneration, social security and pensions | 62 | €34 | €0 | -€34 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,288 | €37,469 | +€181 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €550 | €0 | -€550 | -100.0% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | €56,032 | €57,089 | +€1,058 | +1.9% |
| Operating profit (loss) | 9901 | €17,658 | €19,113 | +€1,455 | +8.2% |
| Financial income | 75/76B | €443 | €1,157 | +€714 | +161.0% |
| Recurring financial income | 75 | €443 | €1,157 | +€714 | +161.0% |
| Financial charges | 65/66B | €1,839 | €1,474 | -€365 | -19.8% |
| Recurring financial charges | 65 | €1,839 | €1,474 | -€365 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €16,261 | €18,795 | +€2,534 | +15.6% |
| Income taxes | 67/77 | €13,312 | €13,944 | +€632 | +4.7% |
| Profit (loss) for the period | 9904 | €2,950 | €4,852 | +€1,902 | +64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,950 | €4,852 | +€1,902 | +64.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.