CLIPS: 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.
What changed
CLIPS
NACE 47.621, Retail sale of newspapers and periodicals
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
-€91,736
2025 · -€15,279-€76,458
Equity
€198,425
2025 · €290,162-€91,736
Cash
€0
2025 · €37,373-€37,373
Balance sheet total
€3.4m
2025 · €3.6m-€208,467
Largest movements
Assets
- Receivables within one year -€107,374
down €107,374 (-29.0%), from €370,811 to €263,437
of which Other amounts receivable: -€121,558
- Tangible fixed assets -€50,349
down €50,349 (-6.0%), from €834,783 to €784,434
of which Other tangible fixed assets: -€77,117
- Intangible fixed assets +€42,523
up €42,523 (+19.1%), from €222,784 to €265,307
- Stocks and contracts -€38,809
down €38,809 (-2.0%), from €1.9m to €1.9m
- Cash -€37,373
down €37,373 (-100.0%), from €37,373 to €0
mainly Investment in fixed assets (net) (-€318,255) and Trade debts (-€190,814)
Equity and liabilities
- Trade debts -€190,814
down €190,814 (-20.4%), from €936,033 to €745,218
- Debts after one year +€99,958
up €99,958 (+48.2%), from €207,429 to €307,388
- Profit (loss) carried forward -€91,296
down €91,296 (-18.9%), from -€482,387 to -€573,683
- Current portion of long-term debt -€54,920
down €54,920 (-31.2%), from €176,286 to €121,366
Income statement
- Gross operating margin -€173,058
down €173,058 (-8.0%), from €2.2m to €2.0m
- Staff costs -€118,436
down €118,436 (-6.7%), from €1.8m to €1.6m
From the 2025 result to the 2026 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.
Result 2025
-€15,279
Gross operating margin
-€173,058
Staff costs
+€118,436
Depreciation
-€20,860
Other operating charges
+€3,021
Financial income
-€418
Financial charges
-€2,432
Taxes
-€1,147
Result 2026
-€91,736
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€259,020
Investment
-€318,255
Financing
+€21,862
Cash 2025
€37,373
From operations (derived)
+€259,020
Net result for the year
-€91,736
Depreciation
+€326,081
Stocks and contracts
+€38,809
Receivables within one year
+€107,374
Deferred charges and accrued income
+€17,085
Smaller working-capital items
+€31
Trade debts
-€190,814
Tax, wage and social debts
+€14,965
Advances received
+€30,337
Accrued charges and deferred income
+€6,888
Investment (derived)
-€318,255
Investment in fixed assets (net)
-€318,255
Financing
+€21,862
Debts after one year
+€99,958
Current portion of long-term debt
-€54,920
Short-term financial debts
-€23,176
Cash 2026
€0
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,571,877 | €3,363,410 | -€208,467 | -5.8% |
| Fixed assets | 21/28 | €1,069,212 | €1,061,386 | -€7,826 | -0.7% |
| Intangible fixed assets | 21 | €222,784 | €265,307 | +€42,523 | +19.1% |
| Tangible fixed assets | 22/27 | €834,783 | €784,434 | -€50,349 | -6.0% |
| Plant, machinery and equipment | 23 | €236,040 | €247,892 | +€11,852 | +5.0% |
| Furniture and vehicles | 24 | €49,852 | €77,245 | +€27,393 | +54.9% |
| Leasing and similar rights | 25 | €26,275 | €13,798 | -€12,477 | -47.5% |
| Other tangible fixed assets | 26 | €522,615 | €445,498 | -€77,117 | -14.8% |
| Financial fixed assets | 28 | €11,645 | €11,645 | = | 0.0% |
| Current assets | 29/58 | €2,502,665 | €2,302,024 | -€200,641 | -8.0% |
| Stocks and contracts in progress | 3 | €1,948,764 | €1,909,954 | -€38,809 | -2.0% |
| Stocks | 30/36 | €1,948,764 | €1,909,954 | -€38,809 | -2.0% |
| Amounts receivable within one year | 40/41 | €370,811 | €263,437 | -€107,374 | -29.0% |
| Trade receivables | 40 | €232,066 | €246,250 | +€14,184 | +6.1% |
| Other amounts receivable | 41 | €138,745 | €17,187 | -€121,558 | -87.6% |
| Cash at bank and in hand | 54/58 | €37,373 | €0 | -€37,373 | -100.0% |
| Deferred charges and accrued income | 490/1 | €145,717 | €128,632 | -€17,085 | -11.7% |
| Total equity and liabilities | 10/49 | €3,571,877 | €3,363,410 | -€208,467 | -5.8% |
| Equity | 10/15 | €290,162 | €198,425 | -€91,736 | -31.6% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Capital | 10 | €550,000 | €550,000 | = | 0.0% |
| Issued capital | 100 | €550,000 | €550,000 | = | 0.0% |
| Revaluation surpluses | 12 | €207,342 | €207,342 | = | 0.0% |
| Reserves | 13 | €15,207 | €14,767 | -€440 | -2.9% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,207 | €7,767 | -€440 | -5.4% |
| Profit (loss) carried forward | 14 | -€482,387 | -€573,683 | -€91,296 | -18.9% |
| Provisions and deferred taxes | 16 | €396 | €170 | -€227 | -57.2% |
| Deferred taxes | 168 | €396 | €170 | -€227 | -57.2% |
| Amounts payable | 17/49 | €3,281,319 | €3,164,815 | -€116,504 | -3.6% |
| Amounts payable after more than one year | 17 | €207,429 | €307,388 | +€99,958 | +48.2% |
| Financial debts | 170/4 | €207,429 | €307,388 | +€99,958 | +48.2% |
| Amounts payable within one year | 42/48 | €3,073,889 | €2,850,539 | -€223,350 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €176,286 | €121,366 | -€54,920 | -31.2% |
| Financial debts | 43 | €1,434,358 | €1,411,182 | -€23,176 | -1.6% |
| Credit institutions | 430/8 | €1,434,358 | €1,411,182 | -€23,176 | -1.6% |
| Trade debts | 44 | €936,033 | €745,218 | -€190,814 | -20.4% |
| Suppliers | 440/4 | €936,033 | €745,218 | -€190,814 | -20.4% |
| Advances received on contracts in progress | 46 | €26,225 | €56,562 | +€30,337 | +115.7% |
| Taxes, remuneration and social security | 45 | €500,989 | €515,953 | +€14,965 | +3.0% |
| Taxes | 450/3 | €108,708 | €128,448 | +€19,740 | +18.2% |
| Remuneration and social security | 454/9 | €392,280 | €387,505 | -€4,775 | -1.2% |
| Other amounts payable | 47/48 | - | €258 | +€258 | |
| Accrued charges and deferred income | 492/3 | €0 | €6,888 | +€6,888 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,759,700 | €1,641,264 | -€118,436 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305,221 | €326,081 | +€20,860 | +6.8% |
| Other operating charges | 640/8 | €13,295 | €10,274 | -€3,021 | -22.7% |
| Gross operating margin | 9900 | €2,159,499 | €1,986,441 | -€173,058 | -8.0% |
| Operating profit (loss) | 9901 | €81,282 | €8,821 | -€72,461 | -89.1% |
| Financial income | 75/76B | €1,392 | €974 | -€418 | -30.0% |
| Recurring financial income | 75 | €1,392 | €974 | -€418 | -30.0% |
| Financial charges | 65/66B | €96,764 | €99,196 | +€2,432 | +2.5% |
| Recurring financial charges | 65 | €96,764 | €99,196 | +€2,432 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,090 | -€89,401 | -€75,311 | -534.5% |
| Transfer from deferred taxes | 780 | €227 | €227 | = | 0.0% |
| Income taxes | 67/77 | €1,415 | €2,562 | +€1,147 | +81.0% |
| Profit (loss) for the period | 9904 | -€15,279 | -€91,736 | -€76,458 | -500.4% |
| Transfer from tax-exempt reserves | 789 | €440 | €440 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,839 | -€91,296 | -€76,458 | -515.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.