CLOCKWISE: 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.
CLOCKWISE
Largest movements
- Receivables within one year +€10,622
up €10,622 (+28.3%), from €37,483 to €48,105
of which Other amounts receivable: +€11,000
- Cash +€7,684
up €7,684 (+329.9%), from €2,329 to €10,013
mainly Accrued charges and deferred income (+€20,000) and Net result for the year (+€12,030)
- Tangible fixed assets -€3,223
no longer reported in 2025 (was €3,223)
- Accrued charges and deferred income +€20,000
new in 2025: €20,000
- Profit (loss) carried forward +€12,030
up €12,030 (+46.5%), from -€25,870 to -€13,840
- Current portion of long-term debt -€6,926
no longer reported in 2025 (was €6,926)
- Tax, wage and social debts -€6,111
down €6,111 (-41.4%), from €14,758 to €8,647
of which Taxes: -€3,836
- Trade debts -€3,909
down €3,909 (-60.4%), from €6,471 to €2,561
- Gross operating margin -€24,541
down €24,541 (-57.7%), from €42,563 to €18,022
- Depreciation -€7,369
no longer reported in 2025 (was €7,369)
- Taxes -€5,877
down €5,877 (-63.6%), from €9,235 to €3,358
- Financial charges -€516
down €516 (-46.6%), from €1,107 to €591
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 | €43,035 | €58,119 | +€15,083 | +35.0% |
| Fixed assets | 21/28 | €3,223 | - | -€3,223 | |
| Tangible fixed assets | 22/27 | €3,223 | - | -€3,223 | |
| Furniture and vehicles | 24 | €3,223 | - | -€3,223 | |
| Current assets | 29/58 | €39,812 | €58,119 | +€18,306 | +46.0% |
| Amounts receivable within one year | 40/41 | €37,483 | €48,105 | +€10,622 | +28.3% |
| Trade receivables | 40 | €15,825 | €15,447 | -€378 | -2.4% |
| Other amounts receivable | 41 | €21,658 | €32,659 | +€11,000 | +50.8% |
| Cash at bank and in hand | 54/58 | €2,329 | €10,013 | +€7,684 | +329.9% |
| Total equity and liabilities | 10/49 | €43,035 | €58,119 | +€15,083 | +35.0% |
| Equity | 10/15 | €14,880 | €26,910 | +€12,030 | +80.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €20,750 | €20,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,870 | -€13,840 | +€12,030 | +46.5% |
| Amounts payable | 17/49 | €28,155 | €31,208 | +€3,053 | +10.8% |
| Amounts payable within one year | 42/48 | €28,155 | €11,208 | -€16,947 | -60.2% |
| Current portion of amounts payable after more than one year | 42 | €6,926 | - | -€6,926 | |
| Trade debts | 44 | €6,471 | €2,561 | -€3,909 | -60.4% |
| Suppliers | 440/4 | €6,471 | €2,561 | -€3,909 | -60.4% |
| Taxes, remuneration and social security | 45 | €14,758 | €8,647 | -€6,111 | -41.4% |
| Taxes | 450/3 | €12,483 | €8,647 | -€3,836 | -30.7% |
| Remuneration and social security | 454/9 | €2,275 | - | -€2,275 | |
| Accrued charges and deferred income | 492/3 | - | €20,000 | +€20,000 | |
| Non-recurring operating income | 76A | - | €16,777 | +€16,777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,369 | - | -€7,369 | |
| Other operating charges | 640/8 | €2,112 | €2,043 | -€69 | -3.3% |
| Gross operating margin | 9900 | €42,563 | €18,022 | -€24,541 | -57.7% |
| Operating profit (loss) | 9901 | €33,082 | €15,979 | -€17,103 | -51.7% |
| Financial charges | 65/66B | €1,107 | €591 | -€516 | -46.6% |
| Recurring financial charges | 65 | €1,107 | €591 | -€516 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €31,975 | €15,388 | -€16,587 | -51.9% |
| Income taxes | 67/77 | €9,235 | €3,358 | -€5,877 | -63.6% |
| Profit (loss) for the period | 9904 | €22,740 | €12,030 | -€10,710 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,740 | €12,030 | -€10,710 | -47.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.