CLOCS: 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.
CLOCS
Largest movements
- Cash +€267,772
up €267,772 (+125.5%), from €213,371 to €481,143
mainly Net result for the year (+€179,895) and Depreciation (+€91,258)
- Current investments -€75,000
no longer reported in 2025 (was €75,000)
- Tangible fixed assets -€24,763
down €24,763 (-10.7%), from €232,251 to €207,488
of which Plant, machinery and equipment: -€44,361
- Intangible fixed assets -€20,000
down €20,000 (-32.4%), from €61,644 to €41,644
- Deferred charges and accrued income +€20,000
new in 2025: €20,000
- Reserves +€179,895
up €179,895 (+98.1%), from €183,447 to €363,342
- Debts after one year -€19,548
down €19,548 (-7.7%), from €252,904 to €233,356
of which Financial debts: -€19,548
- Current portion of long-term debt +€10,884
up €10,884 (+24.3%), from €44,718 to €55,602
- Tax, wage and social debts -€10,281
down €10,281 (-13.3%), from €77,222 to €66,941
of which Taxes: -€15,068
- Gross operating margin +€93,642
up €93,642 (+26.1%), from €358,898 to €452,540
- Taxes +€33,663
up €33,663 (+74.5%), from €45,187 to €78,850
- Staff costs -€17,917
down €17,917 (-16.3%), from €110,240 to €92,323
- Depreciation +€7,995
up €7,995 (+9.6%), from €83,263 to €91,258
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 | €611,089 | €769,814 | +€158,725 | +26.0% |
| Fixed assets | 21/28 | €293,894 | €249,132 | -€44,763 | -15.2% |
| Intangible fixed assets | 21 | €61,644 | €41,644 | -€20,000 | -32.4% |
| Tangible fixed assets | 22/27 | €232,251 | €207,488 | -€24,763 | -10.7% |
| Plant, machinery and equipment | 23 | €193,506 | €149,145 | -€44,361 | -22.9% |
| Furniture and vehicles | 24 | €38,744 | €58,343 | +€19,599 | +50.6% |
| Current assets | 29/58 | €317,194 | €520,682 | +€203,488 | +64.2% |
| Stocks and contracts in progress | 3 | €10,871 | €15,913 | +€5,042 | +46.4% |
| Stocks | 30/36 | €10,871 | €15,913 | +€5,042 | +46.4% |
| Amounts receivable within one year | 40/41 | €17,952 | €3,626 | -€14,326 | -79.8% |
| Trade receivables | 40 | €13,830 | €3,626 | -€10,204 | -73.8% |
| Other amounts receivable | 41 | €4,122 | - | -€4,122 | |
| Current investments | 50/53 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €213,371 | €481,143 | +€267,772 | +125.5% |
| Deferred charges and accrued income | 490/1 | - | €20,000 | +€20,000 | |
| Total equity and liabilities | 10/49 | €611,089 | €769,814 | +€158,725 | +26.0% |
| Equity | 10/15 | €193,447 | €373,342 | +€179,895 | +93.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €183,447 | €363,342 | +€179,895 | +98.1% |
| Distributable reserves | 133 | €183,447 | €363,342 | +€179,895 | +98.1% |
| Amounts payable | 17/49 | €417,642 | €396,472 | -€21,170 | -5.1% |
| Amounts payable after more than one year | 17 | €252,904 | €233,356 | -€19,548 | -7.7% |
| Financial debts | 170/4 | €182,904 | €163,356 | -€19,548 | -10.7% |
| Other amounts payable | 178/9 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €160,646 | €163,116 | +€2,470 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €44,718 | €55,602 | +€10,884 | +24.3% |
| Trade debts | 44 | €29,173 | €23,653 | -€5,519 | -18.9% |
| Suppliers | 440/4 | €29,173 | €23,653 | -€5,519 | -18.9% |
| Taxes, remuneration and social security | 45 | €77,222 | €66,941 | -€10,281 | -13.3% |
| Taxes | 450/3 | €59,114 | €44,046 | -€15,068 | -25.5% |
| Remuneration and social security | 454/9 | €18,107 | €22,895 | +€4,788 | +26.4% |
| Other amounts payable | 47/48 | €9,534 | €16,920 | +€7,386 | +77.5% |
| Accrued charges and deferred income | 492/3 | €4,091 | - | -€4,091 | |
| Remuneration, social security and pensions | 62 | €110,240 | €92,323 | -€17,917 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,263 | €91,258 | +€7,995 | +9.6% |
| Other operating charges | 640/8 | €4,412 | €6,796 | +€2,384 | +54.0% |
| Gross operating margin | 9900 | €358,898 | €452,540 | +€93,642 | +26.1% |
| Operating profit (loss) | 9901 | €160,982 | €262,163 | +€101,181 | +62.9% |
| Financial income | 75/76B | €1,027 | €4,265 | +€3,239 | +315.4% |
| Recurring financial income | 75 | €1,027 | €4,265 | +€3,239 | +315.4% |
| Financial charges | 65/66B | €8,568 | €7,684 | -€884 | -10.3% |
| Recurring financial charges | 65 | €8,568 | €7,684 | -€884 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €153,441 | €258,744 | +€105,303 | +68.6% |
| Income taxes | 67/77 | €45,187 | €78,850 | +€33,663 | +74.5% |
| Profit (loss) for the period | 9904 | €108,255 | €179,895 | +€71,640 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €108,255 | €179,895 | +€71,640 | +66.2% |
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.