CLIVET: 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.
CLIVET
Largest movements
- Cash +€129,782
up €129,782 (+265.2%), from €48,932 to €178,715
mainly Other debts (+€117,980) and Net result for the year (+€58,885)
- Stocks and contracts -€22,532
down €22,532 (-7.8%), from €287,270 to €264,738
- Tangible fixed assets +€8,552
up €8,552 (+6.5%), from €131,239 to €139,791
of which Plant, machinery and equipment: +€23,562
- Receivables within one year +€8,339
up €8,339 (+15.4%), from €54,181 to €62,520
of which Other amounts receivable: +€8,644
- Other debts +€117,980
up €117,980 (+58.1%), from €203,132 to €321,111
- Tax, wage and social debts +€11,059
up €11,059 (+112.9%), from €9,799 to €20,857
- Reserves -€10,115
down €10,115 (-3.4%), from €300,342 to €290,226
- Depreciation -€11,335
down €11,335 (-19.3%), from €58,580 to €47,245
- Gross operating margin +€11,254
up €11,254 (+7.9%), from €142,280 to €153,534
- Taxes +€6,794
up €6,794 (+32.5%), from €20,876 to €27,670
- Financial charges -€4,002
down €4,002 (-18.0%), from €22,176 to €18,174
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 | €545,896 | €669,604 | +€123,708 | +22.7% |
| Fixed assets | 21/28 | €131,239 | €139,791 | +€8,552 | +6.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €131,239 | €139,791 | +€8,552 | +6.5% |
| Land and buildings | 22 | €46,756 | €40,263 | -€6,492 | -13.9% |
| Plant, machinery and equipment | 23 | €75,452 | €99,014 | +€23,562 | +31.2% |
| Furniture and vehicles | 24 | €9,032 | €513 | -€8,518 | -94.3% |
| Current assets | 29/58 | €414,657 | €529,814 | +€115,156 | +27.8% |
| Stocks and contracts in progress | 3 | €287,270 | €264,738 | -€22,532 | -7.8% |
| Stocks | 30/36 | €287,270 | €264,738 | -€22,532 | -7.8% |
| Amounts receivable within one year | 40/41 | €54,181 | €62,520 | +€8,339 | +15.4% |
| Trade receivables | 40 | €50,924 | €50,620 | -€304 | -0.6% |
| Other amounts receivable | 41 | €3,257 | €11,900 | +€8,644 | +265.4% |
| Current investments | 50/53 | €7,988 | €7,988 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €48,932 | €178,715 | +€129,782 | +265.2% |
| Deferred charges and accrued income | 490/1 | €16,286 | €15,852 | -€434 | -2.7% |
| Total equity and liabilities | 10/49 | €545,896 | €669,604 | +€123,708 | +22.7% |
| Equity | 10/15 | €318,892 | €308,776 | -€10,115 | -3.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €300,342 | €290,226 | -€10,115 | -3.4% |
| Distributable reserves | 133 | €300,342 | €290,226 | -€10,115 | -3.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €227,004 | €360,828 | +€133,824 | +59.0% |
| Amounts payable within one year | 42/48 | €227,004 | €360,828 | +€133,824 | +59.0% |
| Trade debts | 44 | €14,074 | €18,860 | +€4,786 | +34.0% |
| Suppliers | 440/4 | €14,074 | €18,860 | +€4,786 | +34.0% |
| Taxes, remuneration and social security | 45 | €9,799 | €20,857 | +€11,059 | +112.9% |
| Taxes | 450/3 | €9,799 | €20,857 | +€11,059 | +112.9% |
| Other amounts payable | 47/48 | €203,132 | €321,111 | +€117,980 | +58.1% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,580 | €47,245 | -€11,335 | -19.3% |
| Other operating charges | 640/8 | €3,169 | €2,184 | -€985 | -31.1% |
| Gross operating margin | 9900 | €142,280 | €153,534 | +€11,254 | +7.9% |
| Operating profit (loss) | 9901 | €80,531 | €104,105 | +€23,574 | +29.3% |
| Financial income | 75/76B | €1,502 | €624 | -€878 | -58.5% |
| Recurring financial income | 75 | €1,502 | €624 | -€878 | -58.5% |
| Financial charges | 65/66B | €22,176 | €18,174 | -€4,002 | -18.0% |
| Recurring financial charges | 65 | €22,176 | €18,174 | -€4,002 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €59,857 | €86,555 | +€26,698 | +44.6% |
| Income taxes | 67/77 | €20,876 | €27,670 | +€6,794 | +32.5% |
| Profit (loss) for the period | 9904 | €38,981 | €58,885 | +€19,904 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,981 | €58,885 | +€19,904 | +51.1% |
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.