Closse: 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.
Closse
Largest movements
- Receivables within one year -€249,031
down €249,031 (-67.6%), from €368,222 to €119,191
of which Trade receivables: -€263,179
- Cash +€207,380
up €207,380 (+318.2%), from €65,173 to €272,553
mainly Receivables within one year (+€249,031) and Stocks and contracts (+€38,223)
- Stocks and contracts -€38,223
down €38,223 (-49.3%), from €77,482 to €39,259
- Tangible fixed assets -€16,108
down €16,108 (-68.8%), from €23,402 to €7,294
of which Furniture and vehicles: -€14,794
- Other debts -€70,945
down €70,945 (-99.9%), from €70,994 to €49
- Tax, wage and social debts -€37,544
down €37,544 (-82.3%), from €45,630 to €8,086
of which Taxes: -€39,481
- Reserves +€30,650
up €30,650 (+9.8%), from €311,910 to €342,559
- Advances received -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Accrued charges and deferred income +€6,960
up €6,960, from €0 to €6,960
- Gross operating margin -€212,235
down €212,235 (-67.5%), from €314,335 to €102,100
- Taxes -€61,534
down €61,534 (-83.3%), from €73,863 to €12,329
- Financial income +€16,045
up €16,045 (+508.9%), from €3,153 to €19,198
- Depreciation -€4,853
down €4,853 (-21.6%), from €22,480 to €17,627
- Staff costs -€3,244
down €3,244 (-5.2%), from €62,895 to €59,651
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 | €537,919 | €441,508 | -€96,411 | -17.9% |
| Fixed assets | 21/28 | €23,402 | €7,294 | -€16,108 | -68.8% |
| Tangible fixed assets | 22/27 | €23,402 | €7,294 | -€16,108 | -68.8% |
| Plant, machinery and equipment | 23 | €8,608 | €7,294 | -€1,314 | -15.3% |
| Furniture and vehicles | 24 | €14,794 | €0 | -€14,794 | -100.0% |
| Current assets | 29/58 | €514,516 | €434,214 | -€80,303 | -15.6% |
| Stocks and contracts in progress | 3 | €77,482 | €39,259 | -€38,223 | -49.3% |
| Stocks | 30/36 | €77,482 | €39,259 | -€38,223 | -49.3% |
| Amounts receivable within one year | 40/41 | €368,222 | €119,191 | -€249,031 | -67.6% |
| Trade receivables | 40 | €367,633 | €104,454 | -€263,179 | -71.6% |
| Other amounts receivable | 41 | €589 | €14,736 | +€14,148 | +2403.9% |
| Cash at bank and in hand | 54/58 | €65,173 | €272,553 | +€207,380 | +318.2% |
| Deferred charges and accrued income | 490/1 | €3,639 | €3,211 | -€429 | -11.8% |
| Total equity and liabilities | 10/49 | €537,919 | €441,508 | -€96,411 | -17.9% |
| Equity | 10/15 | €380,910 | €411,559 | +€30,650 | +8.0% |
| Contributions | 10/11 | €69,000 | €69,000 | = | 0.0% |
| Reserves | 13 | €311,910 | €342,559 | +€30,650 | +9.8% |
| Distributable reserves | 133 | €311,910 | €342,559 | +€30,650 | +9.8% |
| Amounts payable | 17/49 | €157,009 | €29,949 | -€127,061 | -80.9% |
| Amounts payable within one year | 42/48 | €157,009 | €22,989 | -€134,021 | -85.4% |
| Trade debts | 44 | €15,386 | €14,853 | -€532 | -3.5% |
| Suppliers | 440/4 | €15,386 | €14,853 | -€532 | -3.5% |
| Advances received on contracts in progress | 46 | €25,000 | €0 | -€25,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €45,630 | €8,086 | -€37,544 | -82.3% |
| Taxes | 450/3 | €41,068 | €1,587 | -€39,481 | -96.1% |
| Remuneration and social security | 454/9 | €4,561 | €6,499 | +€1,937 | +42.5% |
| Other amounts payable | 47/48 | €70,994 | €49 | -€70,945 | -99.9% |
| Accrued charges and deferred income | 492/3 | €0 | €6,960 | +€6,960 | |
| Non-recurring operating income | 76A | - | €3,765 | +€3,765 | |
| Remuneration, social security and pensions | 62 | €62,895 | €59,651 | -€3,244 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,480 | €17,627 | -€4,853 | -21.6% |
| Other operating charges | 640/8 | €591 | €961 | +€370 | +62.6% |
| Gross operating margin | 9900 | €314,335 | €102,100 | -€212,235 | -67.5% |
| Operating profit (loss) | 9901 | €228,369 | €23,861 | -€204,508 | -89.6% |
| Financial income | 75/76B | €3,153 | €19,198 | +€16,045 | +508.9% |
| Recurring financial income | 75 | €3,153 | €19,198 | +€16,045 | +508.9% |
| Financial charges | 65/66B | €47 | €80 | +€33 | +68.8% |
| Recurring financial charges | 65 | €47 | €80 | +€33 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €231,475 | €42,979 | -€188,496 | -81.4% |
| Income taxes | 67/77 | €73,863 | €12,329 | -€61,534 | -83.3% |
| Profit (loss) for the period | 9904 | €157,612 | €30,650 | -€126,962 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €157,612 | €30,650 | -€126,962 | -80.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.