CLOFRA: what changed
Two fiscal 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.
CLOFRA
Largest movements
- Financial fixed assets +€175,000
new in 2025: €175,000
- Cash -€125,330
down €125,330 (-79.4%), from €157,907 to €32,577
mainly Investment in fixed assets (net) (-€220,284) and Net result for the year (-€22,153)
- Current investments -€75,808
down €75,808 (-60.2%), from €125,905 to €50,097
- Tangible fixed assets +€18,357
up €18,357 (+6.2%), from €295,560 to €313,917
of which Plant, machinery and equipment: +€32,162
- Reserves -€22,153
down €22,153 (-4.5%), from €493,407 to €471,254
of which Distributable reserves: -€17,195
- Trade debts +€15,757
up €15,757 (+12605.6%), from €125 to €15,882
- Depreciation -€6,223
down €6,223 (-18.8%), from €33,150 to €26,927
- Gross operating margin -€2,231
down €2,231 (-27.9%), from €7,997 to €5,766
- Financial income -€1,731
down €1,731 (-73.6%), from €2,351 to €620
- Other operating charges +€110
up €110 (+2.9%), from €3,743 to €3,853
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 | €580,643 | €571,726 | -€8,917 | -1.5% |
| Fixed assets | 21/28 | €295,560 | €488,917 | +€193,357 | +65.4% |
| Tangible fixed assets | 22/27 | €295,560 | €313,917 | +€18,357 | +6.2% |
| Land and buildings | 22 | €202,388 | €188,583 | -€13,805 | -6.8% |
| Plant, machinery and equipment | 23 | €93,172 | €125,334 | +€32,162 | +34.5% |
| Financial fixed assets | 28 | - | €175,000 | +€175,000 | |
| Current assets | 29/58 | €285,083 | €82,809 | -€202,274 | -71.0% |
| Amounts receivable within one year | 40/41 | €1,271 | €135 | -€1,136 | -89.4% |
| Trade receivables | 40 | €793 | - | -€793 | |
| Other amounts receivable | 41 | €478 | €135 | -€343 | -71.8% |
| Current investments | 50/53 | €125,905 | €50,097 | -€75,808 | -60.2% |
| Cash at bank and in hand | 54/58 | €157,907 | €32,577 | -€125,330 | -79.4% |
| Total equity and liabilities | 10/49 | €580,643 | €571,726 | -€8,917 | -1.5% |
| Equity | 10/15 | €555,407 | €533,254 | -€22,153 | -4.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €493,407 | €471,254 | -€22,153 | -4.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,444 | €40,486 | -€4,958 | -10.9% |
| Distributable reserves | 133 | €441,763 | €424,568 | -€17,195 | -3.9% |
| Provisions and deferred taxes | 16 | €23,400 | €20,847 | -€2,553 | -10.9% |
| Deferred taxes | 168 | €23,400 | €20,847 | -€2,553 | -10.9% |
| Amounts payable | 17/49 | €1,836 | €17,625 | +€15,789 | +860.0% |
| Amounts payable within one year | 42/48 | €798 | €16,625 | +€15,827 | +1983.3% |
| Trade debts | 44 | €125 | €15,882 | +€15,757 | +12605.6% |
| Suppliers | 440/4 | €125 | €15,882 | +€15,757 | +12605.6% |
| Other amounts payable | 47/48 | €673 | €743 | +€70 | +10.4% |
| Accrued charges and deferred income | 492/3 | €1,038 | €1,000 | -€38 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,150 | €26,927 | -€6,223 | -18.8% |
| Other operating charges | 640/8 | €3,743 | €3,853 | +€110 | +2.9% |
| Gross operating margin | 9900 | €7,997 | €5,766 | -€2,231 | -27.9% |
| Operating profit (loss) | 9901 | -€28,896 | -€25,014 | +€3,882 | +13.4% |
| Financial income | 75/76B | €2,351 | €620 | -€1,731 | -73.6% |
| Recurring financial income | 75 | €2,351 | €620 | -€1,731 | -73.6% |
| Financial charges | 65/66B | €254 | €312 | +€58 | +22.8% |
| Recurring financial charges | 65 | €254 | €312 | +€58 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,799 | -€24,706 | +€2,093 | +7.8% |
| Transfer from deferred taxes | 780 | €2,553 | €2,553 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€24,246 | -€22,153 | +€2,093 | +8.6% |
| Transfer from tax-exempt reserves | 789 | €4,959 | €4,958 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,287 | -€17,195 | +€2,092 | +10.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.