Clippmak: 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.
Clippmak
Largest movements
- Cash -€40,731
down €40,731 (-91.9%), from €44,320 to €3,588
mainly Net result for the year (-€29,303) and Deferred charges and accrued income (-€9,094)
- Deferred charges and accrued income +€9,094
up €9,094 (+28182.2%), from €32 to €9,127
- Receivables within one year +€4,405
up €4,405 (+34.4%), from €12,791 to €17,197
of which Trade receivables: +€8,037
- Reserves -€24,794
down €24,794 (-100.0%), from €24,794 to €0
- Other debts +€10,387
up €10,387 (+791.1%), from €1,313 to €11,700
- Tax, wage and social debts -€6,043
down €6,043 (-25.7%), from €23,497 to €17,454
of which Taxes: -€3,793
- Profit (loss) carried forward -€4,509
new in 2025: -€4,509
- Trade debts -€3,085
down €3,085 (-78.1%), from €3,952 to €867
- Gross operating margin -€61,246
down €61,246, from €36,042 to -€25,204
- Taxes -€7,684
down €7,684 (-97.3%), from €7,898 to €214
- Financial charges +€1,905
up €1,905 (+257.0%), from €741 to €2,646
- Depreciation -€1,274
down €1,274 (-75.5%), from €1,687 to €413
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 | €57,557 | €29,912 | -€27,645 | -48.0% |
| Formation expenses | 20 | €413 | €0 | -€413 | -100.0% |
| Current assets | 29/58 | €57,143 | €29,912 | -€27,232 | -47.7% |
| Amounts receivable within one year | 40/41 | €12,791 | €17,197 | +€4,405 | +34.4% |
| Trade receivables | 40 | €9,159 | €17,197 | +€8,037 | +87.7% |
| Other amounts receivable | 41 | €3,632 | €0 | -€3,632 | -100.0% |
| Cash at bank and in hand | 54/58 | €44,320 | €3,588 | -€40,731 | -91.9% |
| Deferred charges and accrued income | 490/1 | €32 | €9,127 | +€9,094 | +28182.2% |
| Total equity and liabilities | 10/49 | €57,557 | €29,912 | -€27,645 | -48.0% |
| Equity | 10/15 | €28,794 | -€509 | -€29,303 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €24,794 | €0 | -€24,794 | -100.0% |
| Distributable reserves | 133 | €24,794 | €0 | -€24,794 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€4,509 | -€4,509 | |
| Amounts payable | 17/49 | €28,762 | €30,420 | +€1,658 | +5.8% |
| Amounts payable within one year | 42/48 | €28,762 | €30,021 | +€1,259 | +4.4% |
| Trade debts | 44 | €3,952 | €867 | -€3,085 | -78.1% |
| Suppliers | 440/4 | €3,952 | €867 | -€3,085 | -78.1% |
| Taxes, remuneration and social security | 45 | €23,497 | €17,454 | -€6,043 | -25.7% |
| Taxes | 450/3 | €21,247 | €17,454 | -€3,793 | -17.9% |
| Remuneration and social security | 454/9 | €2,250 | €0 | -€2,250 | -100.0% |
| Other amounts payable | 47/48 | €1,313 | €11,700 | +€10,387 | +791.1% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,687 | €413 | -€1,274 | -75.5% |
| Other operating charges | 640/8 | €940 | €826 | -€114 | -12.2% |
| Gross operating margin | 9900 | €36,042 | -€25,204 | -€61,246 | |
| Operating profit (loss) | 9901 | €33,415 | -€26,443 | -€59,858 | |
| Financial income | 75/76B | €19 | €0 | -€19 | -100.0% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -100.0% |
| Financial charges | 65/66B | €741 | €2,646 | +€1,905 | +257.0% |
| Recurring financial charges | 65 | €741 | €2,646 | +€1,905 | +257.0% |
| Profit (loss) for the period before taxes | 9903 | €32,692 | -€29,089 | -€61,781 | |
| Income taxes | 67/77 | €7,898 | €214 | -€7,684 | -97.3% |
| Profit (loss) for the period | 9904 | €24,794 | -€29,303 | -€54,098 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,794 | -€29,303 | -€54,098 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.