CLOCAP: 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.
CLOCAP
Largest movements
- Tangible fixed assets +€164,006
up €164,006 (+92.1%), from €178,059 to €342,065
of which Land and buildings: +€170,925
- Current investments +€100,000
new in 2025: €100,000
- Cash -€66,307
down €66,307 (-57.6%), from €115,209 to €48,902
mainly Investment in fixed assets (net) (-€214,917) and Current investments (-€100,000)
- Receivables within one year -€13,672
down €13,672 (-29.0%), from €47,077 to €33,405
of which Trade receivables: -€14,290
- Debts after one year +€205,560
new in 2025: €205,560
- Profit (loss) carried forward -€9,182
down €9,182, from €0 to -€9,182
- Reserves -€7,500
down €7,500 (-8.0%), from €93,770 to €86,270
of which Distributable reserves: -€7,500
- Depreciation +€39,082
up €39,082 (+330.4%), from €11,829 to €50,911
- Taxes -€10,556
down €10,556 (-96.6%), from €10,931 to €375
- Gross operating margin -€7,657
down €7,657 (-15.3%), from €49,908 to €42,250
- Financial charges +€3,518
up €3,518 (+1848.7%), from €190 to €3,709
- Financial income +€1,640
up €1,640 (+277.4%), from €591 to €2,231
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 | €361,520 | €548,046 | +€186,526 | +51.6% |
| Fixed assets | 21/28 | €178,059 | €342,065 | +€164,006 | +92.1% |
| Tangible fixed assets | 22/27 | €178,059 | €342,065 | +€164,006 | +92.1% |
| Land and buildings | 22 | €159,628 | €330,553 | +€170,925 | +107.1% |
| Furniture and vehicles | 24 | €18,431 | €11,512 | -€6,919 | -37.5% |
| Current assets | 29/58 | €183,461 | €205,981 | +€22,520 | +12.3% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,077 | €33,405 | -€13,672 | -29.0% |
| Trade receivables | 40 | €23,432 | €9,142 | -€14,290 | -61.0% |
| Other amounts receivable | 41 | €23,645 | €24,264 | +€619 | +2.6% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €115,209 | €48,902 | -€66,307 | -57.6% |
| Deferred charges and accrued income | 490/1 | €1,175 | €3,673 | +€2,498 | +212.5% |
| Total equity and liabilities | 10/49 | €361,520 | €548,046 | +€186,526 | +51.6% |
| Equity | 10/15 | €343,770 | €327,089 | -€16,682 | -4.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €93,770 | €86,270 | -€7,500 | -8.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €93,770 | €86,270 | -€7,500 | -8.0% |
| Profit (loss) carried forward | 14 | €0 | -€9,182 | -€9,182 | |
| Amounts payable | 17/49 | €17,750 | €220,957 | +€203,207 | +1144.9% |
| Amounts payable after more than one year | 17 | - | €205,560 | +€205,560 | |
| Financial debts | 170/4 | - | €205,560 | +€205,560 | |
| Amounts payable within one year | 42/48 | €17,247 | €15,397 | -€1,849 | -10.7% |
| Trade debts | 44 | €1,050 | €541 | -€509 | -48.5% |
| Suppliers | 440/4 | €1,050 | €541 | -€509 | -48.5% |
| Taxes, remuneration and social security | 45 | €5,107 | €3,767 | -€1,340 | -26.2% |
| Taxes | 450/3 | €5,107 | €3,767 | -€1,340 | -26.2% |
| Other amounts payable | 47/48 | €11,090 | €11,090 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €503 | €0 | -€503 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,829 | €50,911 | +€39,082 | +330.4% |
| Other operating charges | 640/8 | €6,351 | €6,168 | -€182 | -2.9% |
| Gross operating margin | 9900 | €49,908 | €42,250 | -€7,657 | -15.3% |
| Operating profit (loss) | 9901 | €31,728 | -€14,829 | -€46,557 | |
| Financial income | 75/76B | €591 | €2,231 | +€1,640 | +277.4% |
| Recurring financial income | 75 | €591 | €2,231 | +€1,640 | +277.4% |
| Financial charges | 65/66B | €190 | €3,709 | +€3,518 | +1848.7% |
| Recurring financial charges | 65 | €190 | €3,709 | +€3,518 | +1848.7% |
| Profit (loss) for the period before taxes | 9903 | €32,129 | -€16,307 | -€48,436 | |
| Income taxes | 67/77 | €10,931 | €375 | -€10,556 | -96.6% |
| Profit (loss) for the period | 9904 | €21,198 | -€16,682 | -€37,880 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,198 | -€16,682 | -€37,880 |
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.