CLOSSON: 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.
CLOSSON
Largest movements
- Cash -€774,859
down €774,859 (-96.6%), from €802,351 to €27,492
mainly Receivables within one year (-€699,967) and Net result for the year (-€144,701)
- Receivables within one year +€699,967
up €699,967 (+265.8%), from €263,340 to €963,307
of which Other amounts receivable: +€634,247
- Financial fixed assets -€91,095
down €91,095 (-12.1%), from €755,305 to €664,210
- Deferred charges and accrued income +€43,948
new in 2023: €43,948
- Tangible fixed assets +€42,651
up €42,651 (+93.7%), from €45,539 to €88,190
of which Furniture and vehicles: +€42,651
- Profit (loss) carried forward -€144,701
down €144,701 (-12.1%), from €1.2m to €1.1m
- Trade debts +€73,013
up €73,013 (+142.2%), from €51,363 to €124,376
- Other debts -€35,776
down €35,776 (-73.1%), from €48,973 to €13,197
- Debts after one year +€24,325
new in 2023: €24,325
- Gross operating margin -€60,827
down €60,827 (-69.1%), from -€88,030 to -€148,857
- Financial income -€13,949
down €13,949 (-55.8%), from €25,000 to €11,051
of which Non-recurring financial income: -€25,000
- Financial charges -€9,076
down €9,076 (-87.6%), from €10,359 to €1,283
- Depreciation +€1,807
up €1,807 (+93.4%), from €1,935 to €3,742
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,866,534 | €1,787,146 | -€79,388 | -4.3% |
| Fixed assets | 21/28 | €800,844 | €752,399 | -€48,444 | -6.0% |
| Tangible fixed assets | 22/27 | €45,539 | €88,190 | +€42,651 | +93.7% |
| Land and buildings | 22 | €45,000 | €45,000 | = | 0.0% |
| Furniture and vehicles | 24 | €539 | €43,190 | +€42,651 | +7919.3% |
| Financial fixed assets | 28 | €755,305 | €664,210 | -€91,095 | -12.1% |
| Current assets | 29/58 | €1,065,691 | €1,034,747 | -€30,944 | -2.9% |
| Amounts receivable within one year | 40/41 | €263,340 | €963,307 | +€699,967 | +265.8% |
| Trade receivables | 40 | €58,340 | €124,060 | +€65,720 | +112.7% |
| Other amounts receivable | 41 | €205,000 | €839,247 | +€634,247 | +309.4% |
| Cash at bank and in hand | 54/58 | €802,351 | €27,492 | -€774,859 | -96.6% |
| Deferred charges and accrued income | 490/1 | - | €43,948 | +€43,948 | |
| Total equity and liabilities | 10/49 | €1,866,534 | €1,787,146 | -€79,388 | -4.3% |
| Equity | 10/15 | €1,747,474 | €1,602,773 | -€144,701 | -8.3% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | - | -€50,000 | |
| Reserves not available under the articles | 1311 | €50,000 | - | -€50,000 | |
| Distributable reserves | 133 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €1,197,474 | €1,052,773 | -€144,701 | -12.1% |
| Amounts payable | 17/49 | €119,061 | €184,373 | +€65,313 | +54.9% |
| Amounts payable after more than one year | 17 | - | €24,325 | +€24,325 | |
| Financial debts | 170/4 | - | €24,325 | +€24,325 | |
| Amounts payable within one year | 42/48 | €112,910 | €158,028 | +€45,117 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,340 | +€8,340 | |
| Trade debts | 44 | €51,363 | €124,376 | +€73,013 | +142.2% |
| Suppliers | 440/4 | €51,363 | €124,376 | +€73,013 | +142.2% |
| Taxes, remuneration and social security | 45 | €12,574 | €12,114 | -€460 | -3.7% |
| Taxes | 450/3 | €12,474 | €12,114 | -€360 | -2.9% |
| Remuneration and social security | 454/9 | €100 | - | -€100 | |
| Other amounts payable | 47/48 | €48,973 | €13,197 | -€35,776 | -73.1% |
| Accrued charges and deferred income | 492/3 | €6,150 | €2,021 | -€4,129 | -67.1% |
| Non-recurring operating income | 76A | - | €11,425 | +€11,425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,935 | €3,742 | +€1,807 | +93.4% |
| Other operating charges | 640/8 | €169 | €935 | +€766 | +454.2% |
| Non-recurring operating charges | 66A | €384 | €493 | +€109 | +28.3% |
| Gross operating margin | 9900 | -€88,030 | -€148,857 | -€60,827 | -69.1% |
| Operating profit (loss) | 9901 | -€90,517 | -€154,026 | -€63,509 | -70.2% |
| Financial income | 75/76B | €25,000 | €11,051 | -€13,949 | -55.8% |
| Recurring financial income | 75 | €25,000 | €11,051 | -€13,949 | -55.8% |
| Non-recurring financial income | 76B | €25,000 | - | -€25,000 | |
| Financial charges | 65/66B | €10,359 | €1,283 | -€9,076 | -87.6% |
| Recurring financial charges | 65 | €10,359 | €1,283 | -€9,076 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | -€75,876 | -€144,258 | -€68,382 | -90.1% |
| Income taxes | 67/77 | €559 | €443 | -€116 | -20.8% |
| Profit (loss) for the period | 9904 | -€76,435 | -€144,701 | -€68,266 | -89.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,435 | -€144,701 | -€68,266 | -89.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.