CLOETENS: 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.
CLOETENS
Largest movements
- Tangible fixed assets +€276,702
up €276,702, from €0 to €276,702
of which Land and buildings: +€276,702
- Receivables within one year -€24,781
down €24,781 (-58.2%), from €42,597 to €17,816
of which Other amounts receivable: -€13,675
- Stocks and contracts -€16,274
down €16,274 (-55.0%), from €29,606 to €13,332
- Other debts +€206,617
up €206,617 (+486.2%), from €42,493 to €249,110
- Profit (loss) carried forward +€19,873
up €19,873 (+24.2%), from -€82,122 to -€62,249
- Trade debts +€10,642
up €10,642 (+803.1%), from €1,325 to €11,967
- Gross operating margin +€45,335
up €45,335 (+1590.0%), from €2,851 to €48,186
- Other operating charges +€11,498
up €11,498 (+8271.9%), from €139 to €11,637
- Taxes +€4,027
up €4,027 (+960.9%), from €419 to €4,446
- Financial income -€1,858
down €1,858 (-100.0%), from €1,858 to €0
- Depreciation +€525
up €525 (+304.5%), from €173 to €698
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 | €72,725 | €308,242 | +€235,517 | +323.8% |
| Fixed assets | 21/28 | €0 | €276,702 | +€276,702 | |
| Tangible fixed assets | 22/27 | €0 | €276,702 | +€276,702 | |
| Land and buildings | 22 | - | €276,702 | +€276,702 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €72,725 | €31,539 | -€41,185 | -56.6% |
| Stocks and contracts in progress | 3 | €29,606 | €13,332 | -€16,274 | -55.0% |
| Stocks | 30/36 | €29,606 | €13,332 | -€16,274 | -55.0% |
| Amounts receivable within one year | 40/41 | €42,597 | €17,816 | -€24,781 | -58.2% |
| Trade receivables | 40 | €25,045 | €13,939 | -€11,106 | -44.3% |
| Other amounts receivable | 41 | €17,552 | €3,877 | -€13,675 | -77.9% |
| Cash at bank and in hand | 54/58 | €521 | €391 | -€130 | -25.0% |
| Total equity and liabilities | 10/49 | €72,725 | €308,242 | +€235,517 | +323.8% |
| Equity | 10/15 | €18,001 | €37,873 | +€19,873 | +110.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €123 | €123 | = | 0.0% |
| Non-distributable reserves | 130/1 | €123 | €123 | = | 0.0% |
| Legal reserve | 130 | €123 | €123 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,122 | -€62,249 | +€19,873 | +24.2% |
| Amounts payable | 17/49 | €54,724 | €270,368 | +€215,644 | +394.1% |
| Amounts payable within one year | 42/48 | €54,724 | €270,368 | +€215,644 | +394.1% |
| Financial debts | 43 | €4,120 | €4,845 | +€725 | +17.6% |
| Credit institutions | 430/8 | €4,120 | €4,845 | +€725 | +17.6% |
| Trade debts | 44 | €1,325 | €11,967 | +€10,642 | +803.1% |
| Suppliers | 440/4 | €1,325 | €11,967 | +€10,642 | +803.1% |
| Taxes, remuneration and social security | 45 | €6,786 | €4,446 | -€2,340 | -34.5% |
| Taxes | 450/3 | €6,786 | €4,446 | -€2,340 | -34.5% |
| Other amounts payable | 47/48 | €42,493 | €249,110 | +€206,617 | +486.2% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173 | €698 | +€525 | +304.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,897 | €10,897 | = | 0.0% |
| Other operating charges | 640/8 | €139 | €11,637 | +€11,498 | +8271.9% |
| Gross operating margin | 9900 | €2,851 | €48,186 | +€45,335 | +1590.0% |
| Operating profit (loss) | 9901 | -€8,357 | €24,954 | +€33,311 | |
| Financial income | 75/76B | €1,858 | €0 | -€1,858 | -100.0% |
| Recurring financial income | 75 | €1,858 | €0 | -€1,858 | -100.0% |
| Financial charges | 65/66B | €289 | €635 | +€346 | +119.6% |
| Recurring financial charges | 65 | €289 | €635 | +€346 | +119.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,788 | €24,319 | +€31,107 | |
| Income taxes | 67/77 | €419 | €4,446 | +€4,027 | +960.9% |
| Profit (loss) for the period | 9904 | -€7,207 | €19,873 | +€27,080 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,207 | €19,873 | +€27,080 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.