CLOS DU MIDI: 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.
CLOS DU MIDI
Largest movements
- Tangible fixed assets -€60,706
down €60,706 (-12.8%), from €473,628 to €412,922
- Cash -€15,314
down €15,314 (-31.7%), from €48,295 to €32,981
mainly Debts after one year (-€92,564) and Investment in fixed assets (net) (-€18,443)
- Debts after one year -€92,564
down €92,564 (-38.7%), from €239,374 to €146,809
- Reserves +€19,773
up €19,773 (+7.2%), from €275,162 to €294,935
of which Distributable reserves: +€19,773
- Other debts -€7,326
down €7,326 (-54.1%), from €13,549 to €6,222
- Depreciation +€18,664
up €18,664 (+30.9%), from €60,484 to €79,148
- Taxes -€6,702
down €6,702 (-41.7%), from €16,075 to €9,373
- Staff costs +€2,561
up €2,561 (+24.3%), from €10,545 to €13,106
- Gross operating margin -€1,975
down €1,975 (-1.4%), from €136,278 to €134,303
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 | €649,566 | €577,882 | -€71,684 | -11.0% |
| Fixed assets | 21/28 | €473,628 | €412,922 | -€60,706 | -12.8% |
| Tangible fixed assets | 22/27 | €473,628 | €412,922 | -€60,706 | -12.8% |
| Land and buildings | 22 | €355,054 | €326,931 | -€28,123 | -7.9% |
| Plant, machinery and equipment | 23 | €49,100 | €29,147 | -€19,954 | -40.6% |
| Furniture and vehicles | 24 | €69,473 | €56,844 | -€12,629 | -18.2% |
| Current assets | 29/58 | €175,938 | €164,960 | -€10,978 | -6.2% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €6,705 | €6,961 | +€255 | +3.8% |
| Stocks | 30/36 | €6,705 | €6,961 | +€255 | +3.8% |
| Amounts receivable within one year | 40/41 | €17,495 | €22,883 | +€5,389 | +30.8% |
| Trade receivables | 40 | €11,743 | €16,196 | +€4,452 | +37.9% |
| Other amounts receivable | 41 | €5,751 | €6,688 | +€936 | +16.3% |
| Cash at bank and in hand | 54/58 | €48,295 | €32,981 | -€15,314 | -31.7% |
| Deferred charges and accrued income | 490/1 | €3,443 | €2,135 | -€1,308 | -38.0% |
| Total equity and liabilities | 10/49 | €649,566 | €577,882 | -€71,684 | -11.0% |
| Equity | 10/15 | €293,835 | €313,610 | +€19,775 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €275,162 | €294,935 | +€19,773 | +7.2% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €256,412 | €276,185 | +€19,773 | +7.7% |
| Profit (loss) carried forward | 14 | €73 | €75 | +€2 | +2.2% |
| Amounts payable | 17/49 | €355,731 | €264,271 | -€91,459 | -25.7% |
| Amounts payable after more than one year | 17 | €239,374 | €146,809 | -€92,564 | -38.7% |
| Financial debts | 170/4 | €239,374 | €146,809 | -€92,564 | -38.7% |
| Amounts payable within one year | 42/48 | €116,357 | €117,462 | +€1,105 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €89,663 | €92,564 | +€2,901 | +3.2% |
| Trade debts | 44 | €4,513 | €7,719 | +€3,206 | +71.0% |
| Suppliers | 440/4 | €4,513 | €7,719 | +€3,206 | +71.0% |
| Taxes, remuneration and social security | 45 | €8,632 | €10,957 | +€2,325 | +26.9% |
| Taxes | 450/3 | €8,575 | €6,637 | -€1,938 | -22.6% |
| Remuneration and social security | 454/9 | €57 | €4,320 | +€4,263 | +7,503% |
| Other amounts payable | 47/48 | €13,549 | €6,222 | -€7,326 | -54.1% |
| Remuneration, social security and pensions | 62 | €10,545 | €13,106 | +€2,561 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,484 | €79,148 | +€18,664 | +30.9% |
| Other operating charges | 640/8 | €6,266 | €6,166 | -€100 | -1.6% |
| Gross operating margin | 9900 | €136,278 | €134,303 | -€1,975 | -1.4% |
| Operating profit (loss) | 9901 | €58,983 | €35,883 | -€23,100 | -39.2% |
| Financial income | 75/76B | €2,400 | €2,423 | +€23 | +0.9% |
| Recurring financial income | 75 | €2,400 | €2,423 | +€23 | +0.9% |
| Financial charges | 65/66B | €9,135 | €9,158 | +€23 | +0.3% |
| Recurring financial charges | 65 | €9,135 | €9,158 | +€23 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €52,248 | €29,148 | -€23,100 | -44.2% |
| Income taxes | 67/77 | €16,075 | €9,373 | -€6,702 | -41.7% |
| Profit (loss) for the period | 9904 | €36,173 | €19,775 | -€16,398 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,173 | €19,775 | -€16,398 | -45.3% |
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 29 October 2026 via checked.be.