CLIPPER: 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.
CLIPPER
Largest movements
- Tangible fixed assets +€207,046
up €207,046 (+28.6%), from €724,969 to €932,015
of which Land and buildings: +€221,907
- Cash -€44,468
down €44,468 (-34.0%), from €130,769 to €86,301
mainly Investment in fixed assets (net) (-€272,073) and Accrued charges and deferred income (-€149,233)
- Deferred charges and accrued income -€37,513
down €37,513 (-91.9%), from €40,821 to €3,308
- Receivables within one year +€14,686
up €14,686 (+4.1%), from €356,728 to €371,414
of which Trade receivables: +€117,769
- Other debts +€283,440
up €283,440 (+325%), from €87,155 to €370,595
- Accrued charges and deferred income -€149,233
down €149,233 (-100%), from €149,233 to €0
- Gross operating margin +€13,178
up €13,178 (+17.1%), from €76,880 to €90,058
- Depreciation +€4,989
up €4,989 (+8.3%), from €60,038 to €65,027
- Taxes +€3,519
up €3,519 (+1,842%), from €191 to €3,710
- Other operating charges -€1,208
down €1,208 (-14.2%), from €8,506 to €7,298
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,263,287 | €1,403,038 | +€139,751 | +11.1% |
| Fixed assets | 21/28 | €734,969 | €942,015 | +€207,046 | +28.2% |
| Tangible fixed assets | 22/27 | €724,969 | €932,015 | +€207,046 | +28.6% |
| Land and buildings | 22 | €661,639 | €883,547 | +€221,907 | +33.5% |
| Plant, machinery and equipment | 23 | €12,168 | €9,624 | -€2,543 | -20.9% |
| Furniture and vehicles | 24 | €51,162 | €38,844 | -€12,318 | -24.1% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €528,318 | €461,023 | -€67,295 | -12.7% |
| Amounts receivable within one year | 40/41 | €356,728 | €371,414 | +€14,686 | +4.1% |
| Trade receivables | 40 | €253,644 | €371,414 | +€117,769 | +46.4% |
| Other amounts receivable | 41 | €103,083 | €0 | -€103,083 | -100% |
| Cash at bank and in hand | 54/58 | €130,769 | €86,301 | -€44,468 | -34.0% |
| Deferred charges and accrued income | 490/1 | €40,821 | €3,308 | -€37,513 | -91.9% |
| Total equity and liabilities | 10/49 | €1,263,287 | €1,403,038 | +€139,751 | +11.1% |
| Equity | 10/15 | €618,135 | €627,142 | +€9,007 | +1.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €587,050 | €595,950 | +€8,900 | +1.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €587,050 | €595,950 | +€8,900 | +1.5% |
| Profit (loss) carried forward | 14 | €99 | €205 | +€107 | +108% |
| Amounts payable | 17/49 | €645,152 | €775,896 | +€130,744 | +20.3% |
| Amounts payable after more than one year | 17 | €376,250 | €368,750 | -€7,500 | -2.0% |
| Financial debts | 170/4 | €376,250 | €368,750 | -€7,500 | -2.0% |
| Amounts payable within one year | 42/48 | €119,669 | €407,146 | +€287,477 | +240% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | €15,337 | €20,510 | +€5,173 | +33.7% |
| Suppliers | 440/4 | €15,337 | €20,510 | +€5,173 | +33.7% |
| Taxes, remuneration and social security | 45 | €9,677 | €8,541 | -€1,136 | -11.7% |
| Taxes | 450/3 | €9,677 | €8,541 | -€1,136 | -11.7% |
| Other amounts payable | 47/48 | €87,155 | €370,595 | +€283,440 | +325% |
| Accrued charges and deferred income | 492/3 | €149,233 | €0 | -€149,233 | -100% |
| Non-recurring operating income | 76A | €2,429 | €519 | -€1,909 | -78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,038 | €65,027 | +€4,989 | +8.3% |
| Other operating charges | 640/8 | €8,506 | €7,298 | -€1,208 | -14.2% |
| Non-recurring operating charges | 66A | €366 | €519 | +€153 | +41.8% |
| Gross operating margin | 9900 | €76,880 | €90,058 | +€13,178 | +17.1% |
| Operating profit (loss) | 9901 | €7,970 | €17,214 | +€9,244 | +116% |
| Financial income | 75/76B | €609 | €315 | -€294 | -48.3% |
| Recurring financial income | 75 | €609 | €315 | -€294 | -48.3% |
| Financial charges | 65/66B | €4,259 | €4,811 | +€552 | +13.0% |
| Recurring financial charges | 65 | €4,259 | €4,811 | +€552 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €4,319 | €12,717 | +€8,398 | +194% |
| Income taxes | 67/77 | €191 | €3,710 | +€3,519 | +1,842% |
| Profit (loss) for the period | 9904 | €4,128 | €9,007 | +€4,879 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €4,128 | €9,007 | +€4,879 | +118% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.