CLOFIRINI CONSULT: 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.
CLOFIRINI CONSULT
Largest movements
- Current investments +€200,000
up €200,000 (+667%), from €30,000 to €230,000
- Cash -€87,903
down €87,903 (-37.3%), from €235,912 to €148,009
mainly Current investments (-€200,000) and Contributions, distributions and other (-€52,250)
- Receivables within one year -€29,960
down €29,960 (-99.9%), from €30,000 to €40
of which Other amounts receivable: -€30,000
- Tangible fixed assets -€10,986
down €10,986 (-36.6%), from €30,005 to €19,018
of which Furniture and vehicles: -€10,390
- Reserves +€71,280
up €71,280 (+9.3%), from €770,581 to €841,861
- Financial income +€15,805
up €15,805 (+13.7%), from €115,722 to €131,527
- Gross operating margin +€2,480
up €2,480 (+15.9%), from €15,575 to €18,055
- Taxes +€2,367
up €2,367 (+19.5%), from €12,144 to €14,510
- Depreciation +€325
up €325 (+3.1%), from €10,661 to €10,986
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 | €798,123 | €871,052 | +€72,929 | +9.1% |
| Fixed assets | 21/28 | €501,003 | €490,016 | -€10,986 | -2.2% |
| Tangible fixed assets | 22/27 | €30,005 | €19,018 | -€10,986 | -36.6% |
| Plant, machinery and equipment | 23 | €1,225 | €628 | -€596 | -48.7% |
| Furniture and vehicles | 24 | €28,780 | €18,390 | -€10,390 | -36.1% |
| Financial fixed assets | 28 | €470,998 | €470,998 | = | 0.0% |
| Current assets | 29/58 | €297,120 | €381,036 | +€83,916 | +28.2% |
| Amounts receivable within one year | 40/41 | €30,000 | €40 | -€29,960 | -99.9% |
| Trade receivables | 40 | - | €40 | +€40 | |
| Other amounts receivable | 41 | €30,000 | - | -€30,000 | |
| Current investments | 50/53 | €30,000 | €230,000 | +€200,000 | +667% |
| Cash at bank and in hand | 54/58 | €235,912 | €148,009 | -€87,903 | -37.3% |
| Deferred charges and accrued income | 490/1 | €1,208 | €2,986 | +€1,778 | +147% |
| Total equity and liabilities | 10/49 | €798,123 | €871,052 | +€72,929 | +9.1% |
| Equity | 10/15 | €790,842 | €862,122 | +€71,280 | +9.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €770,581 | €841,861 | +€71,280 | +9.3% |
| Distributable reserves | 133 | €770,581 | €841,861 | +€71,280 | +9.3% |
| Profit (loss) carried forward | 14 | €1,261 | €1,261 | = | 0.0% |
| Amounts payable | 17/49 | €7,281 | €8,930 | +€1,649 | +22.6% |
| Amounts payable within one year | 42/48 | €7,281 | €8,930 | +€1,649 | +22.6% |
| Trade debts | 44 | €3,037 | €2,430 | -€608 | -20.0% |
| Suppliers | 440/4 | €3,037 | €2,430 | -€608 | -20.0% |
| Taxes, remuneration and social security | 45 | €3,009 | €5,224 | +€2,215 | +73.6% |
| Taxes | 450/3 | €3,009 | €5,224 | +€2,215 | +73.6% |
| Other amounts payable | 47/48 | €1,235 | €1,276 | +€41 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,661 | €10,986 | +€325 | +3.1% |
| Other operating charges | 640/8 | €502 | €515 | +€12 | +2.5% |
| Gross operating margin | 9900 | €15,575 | €18,055 | +€2,480 | +15.9% |
| Operating profit (loss) | 9901 | €4,411 | €6,554 | +€2,142 | +48.6% |
| Financial income | 75/76B | €115,722 | €131,527 | +€15,805 | +13.7% |
| Recurring financial income | 75 | €115,722 | €131,527 | +€15,805 | +13.7% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €120,090 | €138,040 | +€17,950 | +14.9% |
| Income taxes | 67/77 | €12,144 | €14,510 | +€2,367 | +19.5% |
| Profit (loss) for the period | 9904 | €107,947 | €123,530 | +€15,583 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €107,947 | €123,530 | +€15,583 | +14.4% |
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 19 October 2026 via checked.be.