Cloë: what changed
Two financial 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.
Cloë
Largest movements
- Cash -€26,424
down €26,424 (-61.5%), from €42,946 to €16,522
mainly Net result for the year (-€42,781) and Investment in fixed assets (net) (-€20,744)
- Tangible fixed assets -€11,684
down €11,684 (-2.2%), from €527,572 to €515,888
of which Land and buildings: -€21,262
- Receivables within one year -€7,218
down €7,218 (-77.1%), from €9,359 to €2,141
- Profit (loss) carried forward -€42,781
down €42,781 (-26.0%), from -€164,323 to -€207,105
- Gross operating margin -€17,452
down €17,452 (-75.6%), from €23,087 to €5,635
- Depreciation -€1,321
down €1,321 (-3.9%), from €33,749 to €32,428
- Other operating charges +€772
up €772 (+5.1%), from €15,085 to €15,857
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.
Derived cash bridge
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 | €579,876 | €534,572 | -€45,304 | -7.8% |
| Fixed assets | 21/28 | €527,572 | €515,888 | -€11,684 | -2.2% |
| Tangible fixed assets | 22/27 | €527,572 | €515,888 | -€11,684 | -2.2% |
| Land and buildings | 22 | €495,781 | €474,519 | -€21,262 | -4.3% |
| Plant, machinery and equipment | 23 | €20,816 | €31,678 | +€10,862 | +52.2% |
| Furniture and vehicles | 24 | €4,472 | €3,600 | -€872 | -19.5% |
| Other tangible fixed assets | 26 | €6,503 | €6,092 | -€411 | -6.3% |
| Current assets | 29/58 | €52,304 | €18,684 | -€33,621 | -64.3% |
| Amounts receivable within one year | 40/41 | €9,359 | €2,141 | -€7,218 | -77.1% |
| Trade receivables | 40 | €9,359 | €2,141 | -€7,218 | -77.1% |
| Cash at bank and in hand | 54/58 | €42,946 | €16,522 | -€26,424 | -61.5% |
| Deferred charges and accrued income | 490/1 | - | €21 | +€21 | |
| Total equity and liabilities | 10/49 | €579,876 | €534,572 | -€45,304 | -7.8% |
| Equity | 10/15 | €443,114 | €400,332 | -€42,781 | -9.7% |
| Contributions | 10/11 | €442,100 | €442,100 | = | 0.0% |
| Reserves | 13 | €165,337 | €165,337 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,899 | €11,899 | = | 0.0% |
| Distributable reserves | 133 | €153,438 | €153,438 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,323 | -€207,105 | -€42,781 | -26.0% |
| Amounts payable | 17/49 | €136,763 | €134,240 | -€2,523 | -1.8% |
| Amounts payable within one year | 42/48 | €136,763 | €134,240 | -€2,523 | -1.8% |
| Trade debts | 44 | €3,524 | €2,113 | -€1,411 | -40.0% |
| Suppliers | 440/4 | €3,524 | €2,113 | -€1,411 | -40.0% |
| Taxes, remuneration and social security | 45 | €1,382 | €269 | -€1,112 | -80.5% |
| Taxes | 450/3 | €1,382 | €269 | -€1,112 | -80.5% |
| Other amounts payable | 47/48 | €131,857 | €131,857 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,749 | €32,428 | -€1,321 | -3.9% |
| Other operating charges | 640/8 | €15,085 | €15,857 | +€772 | +5.1% |
| Gross operating margin | 9900 | €23,087 | €5,635 | -€17,452 | -75.6% |
| Operating profit (loss) | 9901 | -€25,746 | -€42,649 | -€16,903 | -65.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €117 | €132 | +€15 | +12.7% |
| Recurring financial charges | 65 | €117 | €132 | +€15 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,863 | -€42,781 | -€16,918 | -65.4% |
| Profit (loss) for the period | 9904 | -€25,863 | -€42,781 | -€16,918 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,863 | -€42,781 | -€16,918 | -65.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.