CLOCKWISE BELGIUM: 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 BELGIUM
Largest movements
- Receivables within one year +€648,963
up €648,963 (+77.7%), from €835,532 to €1.5m
of which Trade receivables: +€774,308
- Cash +€494,335
up €494,335 (+628.9%), from €78,609 to €572,944
mainly Other debts (+€533,251) and Trade debts (+€518,162)
- Other debts +€533,251
up €533,251 (+82.3%), from €647,826 to €1.2m
- Trade debts +€518,162
new in 2025: €518,162
- Profit (loss) carried forward +€63,331
up €63,331 (+270.6%), from €23,406 to €86,737
- Debts after one year +€34,145
new in 2025: €34,145
- Accrued charges and deferred income +€27,471
up €27,471 (+15.1%), from €182,480 to €209,950
- Staff costs +€170,236
up €170,236 (+50.4%), from €337,484 to €507,720
- Gross operating margin +€164,141
up €164,141 (+39.7%), from €413,144 to €577,284
- Other operating charges -€52,388
no longer reported in 2025 (was €52,388)
- Taxes -€20,212
no longer reported in 2025 (was €20,212)
- Financial charges +€5,981
new in 2025: €5,981
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 | €981,672 | €2,146,095 | +€1.2m | +118.6% |
| Current assets | 29/58 | €981,672 | €2,146,095 | +€1.2m | +118.6% |
| Amounts receivable within one year | 40/41 | €835,532 | €1,484,494 | +€648,963 | +77.7% |
| Trade receivables | 40 | €124,430 | €898,738 | +€774,308 | +622.3% |
| Other amounts receivable | 41 | €711,102 | €585,756 | -€125,345 | -17.6% |
| Cash at bank and in hand | 54/58 | €78,609 | €572,944 | +€494,335 | +628.9% |
| Deferred charges and accrued income | 490/1 | €67,532 | €88,656 | +€21,125 | +31.3% |
| Total equity and liabilities | 10/49 | €981,672 | €2,146,095 | +€1.2m | +118.6% |
| Equity | 10/15 | €43,406 | €106,737 | +€63,331 | +145.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,406 | €86,737 | +€63,331 | +270.6% |
| Amounts payable | 17/49 | €938,266 | €2,039,358 | +€1.1m | +117.4% |
| Amounts payable after more than one year | 17 | - | €34,145 | +€34,145 | |
| Other amounts payable | 178/9 | - | €34,145 | +€34,145 | |
| Amounts payable within one year | 42/48 | €755,787 | €1,795,262 | +€1.0m | +137.5% |
| Trade debts | 44 | - | €518,162 | +€518,162 | |
| Suppliers | 440/4 | - | €518,162 | +€518,162 | |
| Taxes, remuneration and social security | 45 | €107,961 | €96,024 | -€11,937 | -11.1% |
| Taxes | 450/3 | €63,370 | €31,975 | -€31,395 | -49.5% |
| Remuneration and social security | 454/9 | €44,591 | €64,049 | +€19,458 | +43.6% |
| Other amounts payable | 47/48 | €647,826 | €1,181,077 | +€533,251 | +82.3% |
| Accrued charges and deferred income | 492/3 | €182,480 | €209,950 | +€27,471 | +15.1% |
| Non-recurring operating income | 76A | - | €11,385 | +€11,385 | |
| Remuneration, social security and pensions | 62 | €337,484 | €507,720 | +€170,236 | +50.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €253 | +€253 | |
| Other operating charges | 640/8 | €52,388 | - | -€52,388 | |
| Gross operating margin | 9900 | €413,144 | €577,284 | +€164,141 | +39.7% |
| Operating profit (loss) | 9901 | €23,272 | €69,312 | +€46,040 | +197.8% |
| Financial charges | 65/66B | - | €5,981 | +€5,981 | |
| Recurring financial charges | 65 | - | €5,981 | +€5,981 | |
| Profit (loss) for the period before taxes | 9903 | €23,272 | €63,331 | +€40,059 | +172.1% |
| Income taxes | 67/77 | €20,212 | - | -€20,212 | |
| Profit (loss) for the period | 9904 | €3,060 | €63,331 | +€60,271 | +1969.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,060 | €63,331 | +€60,271 | +1969.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.