CLOET SERGE: 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 SERGE
Largest movements
- Cash +€563,438
up €563,438 (+100%), from €561,039 to €1.1m
mainly Current investments (+€306,000) and Net result for the year (+€115,555)
- Current investments -€306,000
no longer reported in 2024 (was €306,000)
- Tangible fixed assets +€130,397
up €130,397 (+282%), from €46,165 to €176,563
of which Furniture and vehicles: +€139,110
- Stocks and contracts -€53,297
down €53,297 (-29.4%), from €181,450 to €128,153
- Receivables within one year -€45,513
down €45,513 (-16.1%), from €283,034 to €237,522
of which Trade receivables: -€51,187
- Debts after one year +€110,181
up €110,181 (+1,145%), from €9,625 to €119,806
- Profit (loss) carried forward +€59,307
up €59,307 (+5.4%), from €1.1m to €1.2m
- Reserves +€56,248
up €56,248 (+110%), from €51,270 to €107,518
of which Tax-exempt reserves: +€56,248
- Current portion of long-term debt +€31,429
up €31,429 (+17.4%), from €180,897 to €212,326
- Accrued charges and deferred income +€19,155
new in 2024: €19,155
- Turnover +€503,400
new in 2024: €503,400
- Purchases and services +€393,475
new in 2024: €393,475
- Gross operating margin -€125,117
down €125,117 (-37.1%), from €337,442 to €212,325
- Financial income +€25,772
up €25,772 (+12,627%), from €204 to €25,976
- Taxes -€23,577
down €23,577 (-60.6%), from €38,876 to €15,299
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,377,895 | €1,667,823 | +€289,928 | +21.0% |
| Fixed assets | 21/28 | €46,372 | €176,770 | +€130,397 | +281% |
| Tangible fixed assets | 22/27 | €46,165 | €176,563 | +€130,397 | +282% |
| Land and buildings | 22 | €24,677 | €21,262 | -€3,414 | -13.8% |
| Plant, machinery and equipment | 23 | €11,805 | €6,506 | -€5,298 | -44.9% |
| Furniture and vehicles | 24 | €9,684 | €148,794 | +€139,110 | +1,437% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €207 | €207 | = | 0.0% |
| Current assets | 29/58 | €1,331,523 | €1,491,053 | +€159,531 | +12.0% |
| Stocks and contracts in progress | 3 | €181,450 | €128,153 | -€53,297 | -29.4% |
| Stocks | 30/36 | €181,450 | €128,153 | -€53,297 | -29.4% |
| Amounts receivable within one year | 40/41 | €283,034 | €237,522 | -€45,513 | -16.1% |
| Trade receivables | 40 | €274,744 | €223,558 | -€51,187 | -18.6% |
| Other amounts receivable | 41 | €8,290 | €13,964 | +€5,674 | +68.4% |
| Current investments | 50/53 | €306,000 | - | -€306,000 | |
| Cash at bank and in hand | 54/58 | €561,039 | €1,124,476 | +€563,438 | +100% |
| Deferred charges and accrued income | 490/1 | - | €902 | +€902 | |
| Total equity and liabilities | 10/49 | €1,377,895 | €1,667,823 | +€289,928 | +21.0% |
| Equity | 10/15 | €1,155,503 | €1,271,058 | +€115,555 | +10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,270 | €107,518 | +€56,248 | +110% |
| Tax-exempt reserves | 132 | €49,410 | €105,658 | +€56,248 | +114% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,098,033 | €1,157,340 | +€59,307 | +5.4% |
| Provisions and deferred taxes | 16 | €16,470 | €35,219 | +€18,749 | +114% |
| Deferred taxes | 168 | €16,470 | €35,219 | +€18,749 | +114% |
| Amounts payable | 17/49 | €205,922 | €361,546 | +€155,624 | +75.6% |
| Amounts payable after more than one year | 17 | €9,625 | €119,806 | +€110,181 | +1,145% |
| Financial debts | 170/4 | €9,625 | €119,806 | +€110,181 | +1,145% |
| Amounts payable within one year | 42/48 | €196,296 | €222,585 | +€26,289 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €180,897 | €212,326 | +€31,429 | +17.4% |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €12,940 | €10,259 | -€2,681 | -20.7% |
| Taxes | 450/3 | €8,876 | €6,434 | -€2,442 | -27.5% |
| Remuneration and social security | 454/9 | €4,065 | €3,825 | -€240 | -5.9% |
| Other amounts payable | 47/48 | €2,459 | - | -€2,459 | |
| Accrued charges and deferred income | 492/3 | - | €19,155 | +€19,155 | |
| Turnover | 70 | - | €503,400 | +€503,400 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €393,475 | +€393,475 | |
| Remuneration, social security and pensions | 62 | €57,284 | €41,865 | -€15,419 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,695 | €32,521 | +€826 | +2.6% |
| Other operating charges | 640/8 | €2,337 | €2,060 | -€277 | -11.9% |
| Gross operating margin | 9900 | €337,442 | €212,325 | -€125,117 | -37.1% |
| Operating profit (loss) | 9901 | €246,125 | €135,879 | -€110,247 | -44.8% |
| Financial income | 75/76B | €204 | €25,976 | +€25,772 | +12,627% |
| Recurring financial income | 75 | €204 | €25,976 | +€25,772 | +12,627% |
| Financial charges | 65/66B | €8,935 | €12,252 | +€3,317 | +37.1% |
| Recurring financial charges | 65 | €8,935 | €12,252 | +€3,317 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €237,395 | €149,603 | -€87,792 | -37.0% |
| Transfer from deferred taxes | 780 | - | €4,651 | +€4,651 | |
| Transfer to deferred taxes | 680 | €16,470 | €23,400 | +€6,930 | +42.1% |
| Income taxes | 67/77 | €38,876 | €15,299 | -€23,577 | -60.6% |
| Profit (loss) for the period | 9904 | €182,049 | €115,555 | -€66,495 | -36.5% |
| Transfer from tax-exempt reserves | 789 | - | €13,952 | +€13,952 | |
| Transfer to tax-exempt reserves | 689 | €49,410 | €70,200 | +€20,790 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €132,639 | €59,307 | -€73,332 | -55.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.