Clost: 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.
Clost
Largest movements
- Cash -€454,026
down €454,026 (-100.0%), from €454,129 to €104
mainly Debts after one year (-€485,505) and Receivables within one year (-€117,609)
- Current investments -€165,445
down €165,445 (-27.4%), from €603,541 to €438,096
- Receivables within one year +€117,609
up €117,609 (+3508.2%), from €3,352 to €120,962
of which Other amounts receivable: +€116,824
- Debts after one year -€485,505
down €485,505 (-97.0%), from €500,505 to €15,000
- Accrued charges and deferred income -€16,371
no longer reported in 2025 (was €16,371)
- Financial charges -€16,063
down €16,063 (-90.7%), from €17,718 to €1,655
- Gross operating margin +€2,791
up €2,791 (+16.9%), from -€16,476 to -€13,685
- Financial income -€1,118
down €1,118 (-8.3%), from €13,498 to €12,381
- Taxes -€205
down €205 (-55.4%), from €370 to €165
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,589,006 | €1,086,369 | -€502,637 | -31.6% |
| Fixed assets | 21/28 | €526,673 | €526,673 | = | 0.0% |
| Tangible fixed assets | 22/27 | €27,000 | €27,000 | = | 0.0% |
| Land and buildings | 22 | €27,000 | €27,000 | = | 0.0% |
| Financial fixed assets | 28 | €499,673 | €499,673 | = | 0.0% |
| Current assets | 29/58 | €1,062,333 | €559,696 | -€502,637 | -47.3% |
| Amounts receivable within one year | 40/41 | €3,352 | €120,962 | +€117,609 | +3508.2% |
| Trade receivables | 40 | - | €785 | +€785 | |
| Other amounts receivable | 41 | €3,352 | €120,177 | +€116,824 | +3484.8% |
| Current investments | 50/53 | €603,541 | €438,096 | -€165,445 | -27.4% |
| Cash at bank and in hand | 54/58 | €454,129 | €104 | -€454,026 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,310 | €535 | -€776 | -59.2% |
| Total equity and liabilities | 10/49 | €1,589,006 | €1,086,369 | -€502,637 | -31.6% |
| Equity | 10/15 | €1,071,658 | €1,068,163 | -€3,495 | -0.3% |
| Contributions | 10/11 | €202,799 | €202,799 | = | 0.0% |
| Capital | 10 | €202,799 | €202,799 | = | 0.0% |
| Issued capital | 100 | €202,799 | €202,799 | = | 0.0% |
| Reserves | 13 | €257,073 | €257,073 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,280 | €20,280 | = | 0.0% |
| Legal reserve | 130 | €20,280 | €20,280 | = | 0.0% |
| Tax-exempt reserves | 132 | €236,793 | €236,793 | = | 0.0% |
| Profit (loss) carried forward | 14 | €611,786 | €608,291 | -€3,495 | -0.6% |
| Amounts payable | 17/49 | €517,348 | €18,206 | -€499,142 | -96.5% |
| Amounts payable after more than one year | 17 | €500,505 | €15,000 | -€485,505 | -97.0% |
| Other amounts payable | 178/9 | €500,505 | €15,000 | -€485,505 | -97.0% |
| Amounts payable within one year | 42/48 | €472 | €3,206 | +€2,734 | +579.0% |
| Financial debts | 43 | €79 | €3,206 | +€3,126 | +3945.5% |
| Credit institutions | 430/8 | €79 | €3,206 | +€3,126 | +3945.5% |
| Trade debts | 44 | €393 | - | -€393 | |
| Suppliers | 440/4 | €393 | - | -€393 | |
| Accrued charges and deferred income | 492/3 | €16,371 | - | -€16,371 | |
| Other operating charges | 640/8 | €327 | €349 | +€22 | +6.8% |
| Non-recurring operating charges | 66A | - | €21 | +€21 | |
| Gross operating margin | 9900 | -€16,476 | -€13,685 | +€2,791 | +16.9% |
| Operating profit (loss) | 9901 | -€16,803 | -€14,055 | +€2,748 | +16.4% |
| Financial income | 75/76B | €13,498 | €12,381 | -€1,118 | -8.3% |
| Recurring financial income | 75 | €13,498 | €12,381 | -€1,118 | -8.3% |
| Financial charges | 65/66B | €17,718 | €1,655 | -€16,063 | -90.7% |
| Recurring financial charges | 65 | €17,718 | €1,655 | -€16,063 | -90.7% |
| Profit (loss) for the period before taxes | 9903 | -€21,023 | -€3,330 | +€17,693 | +84.2% |
| Income taxes | 67/77 | €370 | €165 | -€205 | -55.4% |
| Profit (loss) for the period | 9904 | -€21,393 | -€3,495 | +€17,898 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,393 | -€3,495 | +€17,898 | +83.7% |
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 7 October 2026 via checked.be.