CLOET: what changed
What changed
CLOET
NACE 41.003, General construction of other non-residential buildings
filed annual accounts (NBB)
Net result for the year
€67,361
2024 · -€19,262+€86,623
Equity
€757,632
2024 · €690,271+€67,361
Cash
€14,651
2024 · €27,431-€12,780
Balance sheet total
€1.6m
2024 · €1.7m-€79,680
Largest movements
Assets
- Receivables within one year -€113,654
down €113,654 (-20.6%), from €550,977 to €437,323
of which Trade receivables: -€113,822
- Intangible fixed assets +€33,000
up €33,000 (+510%), from €6,469 to €39,469
- Tangible fixed assets +€28,172
up €28,172 (+2.7%), from €1.1m to €1.1m
of which Other tangible fixed assets: +€123,671
Equity and liabilities
- Debts after one year -€68,439
down €68,439 (-17.9%), from €382,863 to €314,423
- Reserves +€67,361
up €67,361 (+11.4%), from €590,271 to €657,632
of which Distributable reserves: +€69,840
- Short-term financial debts -€55,000
down €55,000 (-25.0%), from €220,000 to €165,000
Income statement
- Gross operating margin +€108,928
up €108,928 (+15.7%), from €695,950 to €804,878
- Taxes +€14,845
up €14,845 (+2,163%), from €686 to €15,532
- Financial charges +€9,823
up €9,823 (+71.3%), from €13,782 to €23,604
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€19,262
Gross operating margin
+€108,928
Staff costs
-€5,508
Depreciation
-€6,770
Write-downs
+€5,351
Other operating charges
+€5,564
Other operating items
+€1,295
Financial income
+€2,430
Financial charges
-€9,823
Taxes
-€14,845
Result 2025
€67,361
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€277,540
Investment
-€155,661
Financing
-€134,659
Cash 2024
€27,431
From operations (derived)
+€277,540
Net result for the year
+€67,361
Depreciation
+€94,489
Receivables within one year
+€113,654
Deferred charges and accrued income
+€14,418
Provisions
-€620
Trade debts
+€1,286
Tax, wage and social debts
-€11,792
Other debts
+€292
Accrued charges and deferred income
-€1,548
Investment (derived)
-€155,661
Investment in fixed assets (net)
-€155,661
Financing
-€134,659
Debts after one year
-€68,439
Current portion of long-term debt
-€11,220
Short-term financial debts
-€55,000
Cash 2025
€14,651
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,655,711 | €1,576,031 | -€79,680 | -4.8% |
| Fixed assets | 21/28 | €1,062,433 | €1,123,605 | +€61,172 | +5.8% |
| Intangible fixed assets | 21 | €6,469 | €39,469 | +€33,000 | +510% |
| Tangible fixed assets | 22/27 | €1,055,829 | €1,084,001 | +€28,172 | +2.7% |
| Land and buildings | 22 | €632,712 | €578,288 | -€54,424 | -8.6% |
| Plant, machinery and equipment | 23 | €19,079 | €16,633 | -€2,446 | -12.8% |
| Furniture and vehicles | 24 | €128,797 | €90,168 | -€38,629 | -30.0% |
| Other tangible fixed assets | 26 | €275,240 | €398,911 | +€123,671 | +44.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €593,278 | €452,426 | -€140,852 | -23.7% |
| Amounts receivable within one year | 40/41 | €550,977 | €437,323 | -€113,654 | -20.6% |
| Trade receivables | 40 | €506,083 | €392,261 | -€113,822 | -22.5% |
| Other amounts receivable | 41 | €44,894 | €45,061 | +€167 | +0.4% |
| Cash at bank and in hand | 54/58 | €27,431 | €14,651 | -€12,780 | -46.6% |
| Deferred charges and accrued income | 490/1 | €14,870 | €452 | -€14,418 | -97.0% |
| Total equity and liabilities | 10/49 | €1,655,711 | €1,576,031 | -€79,680 | -4.8% |
| Equity | 10/15 | €690,271 | €757,632 | +€67,361 | +9.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €590,271 | €657,632 | +€67,361 | +11.4% |
| Tax-exempt reserves | 132 | €37,175 | €34,697 | -€2,478 | -6.7% |
| Distributable reserves | 133 | €553,096 | €622,935 | +€69,840 | +12.6% |
| Provisions and deferred taxes | 16 | €9,294 | €8,674 | -€620 | -6.7% |
| Deferred taxes | 168 | €9,294 | €8,674 | -€620 | -6.7% |
| Amounts payable | 17/49 | €956,146 | €809,724 | -€146,421 | -15.3% |
| Amounts payable after more than one year | 17 | €382,863 | €314,423 | -€68,439 | -17.9% |
| Financial debts | 170/4 | €382,863 | €314,423 | -€68,439 | -17.9% |
| Amounts payable within one year | 42/48 | €560,211 | €483,776 | -€76,435 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €79,659 | €68,439 | -€11,220 | -14.1% |
| Financial debts | 43 | €220,000 | €165,000 | -€55,000 | -25.0% |
| Credit institutions | 430/8 | €220,000 | €165,000 | -€55,000 | -25.0% |
| Trade debts | 44 | €212,339 | €213,625 | +€1,286 | +0.6% |
| Suppliers | 440/4 | €212,339 | €213,625 | +€1,286 | +0.6% |
| Taxes, remuneration and social security | 45 | €48,213 | €36,420 | -€11,792 | -24.5% |
| Taxes | 450/3 | €10,721 | - | -€10,721 | |
| Remuneration and social security | 454/9 | €37,492 | €36,420 | -€1,072 | -2.9% |
| Other amounts payable | 47/48 | - | €292 | +€292 | |
| Accrued charges and deferred income | 492/3 | €13,072 | €11,525 | -€1,548 | -11.8% |
| Non-recurring operating income | 76A | €5,653 | €200,838 | +€195,186 | +3,453% |
| Remuneration, social security and pensions | 62 | €592,452 | €597,960 | +€5,508 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,719 | €94,489 | +€6,770 | +7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€5,351 | -€5,351 | |
| Other operating charges | 640/8 | €21,142 | €15,578 | -€5,564 | -26.3% |
| Non-recurring operating charges | 66A | €1,295 | - | -€1,295 | |
| Gross operating margin | 9900 | €695,950 | €804,878 | +€108,928 | +15.7% |
| Operating profit (loss) | 9901 | -€6,658 | €102,203 | +€108,861 | |
| Financial income | 75/76B | €1,244 | €3,674 | +€2,430 | +195% |
| Recurring financial income | 75 | €1,244 | €3,674 | +€2,430 | +195% |
| Financial charges | 65/66B | €13,782 | €23,604 | +€9,823 | +71.3% |
| Recurring financial charges | 65 | €13,782 | €23,604 | +€9,823 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | -€19,195 | €82,273 | +€101,469 | |
| Transfer from deferred taxes | 780 | €620 | €620 | = | 0.0% |
| Income taxes | 67/77 | €686 | €15,532 | +€14,845 | +2,163% |
| Profit (loss) for the period | 9904 | -€19,262 | €67,361 | +€86,623 | |
| Transfer from tax-exempt reserves | 789 | €2,478 | €2,478 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,784 | €69,840 | +€86,623 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.