CLOET KURT: 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.
CLOET KURT
Largest movements
- Tangible fixed assets +€155,559
up €155,559 (+46.1%), from €337,280 to €492,839
of which Furniture and vehicles: +€214,268
- Receivables within one year -€70,885
down €70,885 (-75.1%), from €94,427 to €23,542
of which Trade receivables: -€73,063
- Deferred charges and accrued income +€67,192
up €67,192 (+312%), from €21,537 to €88,729
- Cash +€15,641
up €15,641 (+10.2%), from €152,859 to €168,500
mainly Debts after one year (+€196,871) and Depreciation (+€120,554)
- Debts after one year +€196,871
up €196,871 (+94.0%), from €209,412 to €406,283
- Current portion of long-term debt +€32,292
up €32,292 (+41.8%), from €77,214 to €109,507
- Trade debts -€31,394
down €31,394 (-77.4%), from €40,585 to €9,191
- Tax, wage and social debts -€10,289
down €10,289 (-26.2%), from €39,236 to €28,947
of which Taxes: -€8,288
- Other debts -€9,500
down €9,500 (-100%), from €9,500 to €0
- Other operating charges +€16,838
up €16,838 (+332%), from €5,078 to €21,916
- Depreciation -€14,308
down €14,308 (-10.6%), from €134,862 to €120,554
- Gross operating margin -€14,221
down €14,221 (-4.8%), from €298,110 to €283,889
- Staff costs +€6,767
up €6,767 (+5.2%), from €129,699 to €136,467
- Financial charges -€6,346
down €6,346 (-30.3%), from €20,930 to €14,584
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 | €668,808 | €836,315 | +€167,507 | +25.0% |
| Fixed assets | 21/28 | €337,280 | €492,839 | +€155,559 | +46.1% |
| Tangible fixed assets | 22/27 | €337,280 | €492,839 | +€155,559 | +46.1% |
| Land and buildings | 22 | €118,623 | €109,443 | -€9,181 | -7.7% |
| Plant, machinery and equipment | 23 | €2,246 | €510 | -€1,736 | -77.3% |
| Furniture and vehicles | 24 | €168,618 | €382,886 | +€214,268 | +127% |
| Leasing and similar rights | 25 | €47,793 | €0 | -€47,793 | -100% |
| Current assets | 29/58 | €331,529 | €343,477 | +€11,948 | +3.6% |
| Amounts receivable after more than one year | 29 | €62,706 | €62,706 | = | 0.0% |
| Other amounts receivable | 291 | €62,706 | €62,706 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,427 | €23,542 | -€70,885 | -75.1% |
| Trade receivables | 40 | €77,183 | €4,120 | -€73,063 | -94.7% |
| Other amounts receivable | 41 | €17,244 | €19,422 | +€2,179 | +12.6% |
| Cash at bank and in hand | 54/58 | €152,859 | €168,500 | +€15,641 | +10.2% |
| Deferred charges and accrued income | 490/1 | €21,537 | €88,729 | +€67,192 | +312% |
| Total equity and liabilities | 10/49 | €668,808 | €836,315 | +€167,507 | +25.0% |
| Equity | 10/15 | €279,859 | €272,640 | -€7,219 | -2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €226,554 | €226,554 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €209,054 | €209,054 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,705 | €27,486 | -€7,219 | -20.8% |
| Amounts payable | 17/49 | €388,950 | €563,675 | +€174,726 | +44.9% |
| Amounts payable after more than one year | 17 | €209,412 | €406,283 | +€196,871 | +94.0% |
| Financial debts | 170/4 | €209,412 | €406,283 | +€196,871 | +94.0% |
| Amounts payable within one year | 42/48 | €173,313 | €147,645 | -€25,668 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €77,214 | €109,507 | +€32,292 | +41.8% |
| Financial debts | 43 | €6,777 | €0 | -€6,777 | -100% |
| Credit institutions | 430/8 | €6,777 | €0 | -€6,777 | -100% |
| Trade debts | 44 | €40,585 | €9,191 | -€31,394 | -77.4% |
| Suppliers | 440/4 | €40,585 | €9,191 | -€31,394 | -77.4% |
| Taxes, remuneration and social security | 45 | €39,236 | €28,947 | -€10,289 | -26.2% |
| Taxes | 450/3 | €23,972 | €15,684 | -€8,288 | -34.6% |
| Remuneration and social security | 454/9 | €15,265 | €13,263 | -€2,002 | -13.1% |
| Other amounts payable | 47/48 | €9,500 | €0 | -€9,500 | -100% |
| Accrued charges and deferred income | 492/3 | €6,225 | €9,747 | +€3,522 | +56.6% |
| Remuneration, social security and pensions | 62 | €129,699 | €136,467 | +€6,767 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,862 | €120,554 | -€14,308 | -10.6% |
| Other operating charges | 640/8 | €5,078 | €21,916 | +€16,838 | +332% |
| Gross operating margin | 9900 | €298,110 | €283,889 | -€14,221 | -4.8% |
| Operating profit (loss) | 9901 | €28,471 | €4,952 | -€23,518 | -82.6% |
| Financial income | 75/76B | €1,706 | €2,413 | +€707 | +41.4% |
| Recurring financial income | 75 | €1,706 | €2,413 | +€707 | +41.4% |
| Financial charges | 65/66B | €20,930 | €14,584 | -€6,346 | -30.3% |
| Recurring financial charges | 65 | €20,930 | €14,584 | -€6,346 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €9,247 | -€7,219 | -€16,466 | |
| Income taxes | 67/77 | €3,296 | €0 | -€3,296 | -100% |
| Profit (loss) for the period | 9904 | €5,951 | -€7,219 | -€13,170 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,951 | -€7,219 | -€13,170 |
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 30 October 2026 via checked.be.