CLOTH: 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.
CLOTH
Largest movements
- Tangible fixed assets +€177,116
up €177,116 (+19.1%), from €928,370 to €1.1m
of which Land and buildings: +€182,232
- Current investments -€66,000
down €66,000 (-62.3%), from €106,000 to €40,000
- Stocks and contracts -€29,516
down €29,516 (-30.1%), from €97,945 to €68,429
of which Contracts in progress: -€34,725
- Debts after one year +€176,215
up €176,215 (+38.2%), from €461,488 to €637,703
- Profit (loss) carried forward -€165,251
down €165,251, from €5,073 to -€160,178
- Advances received +€42,702
up €42,702 (+314.1%), from €13,594 to €56,296
- Other debts -€37,948
down €37,948 (-17.1%), from €222,238 to €184,290
- Current portion of long-term debt +€29,513
up €29,513 (+45.7%), from €64,535 to €94,048
- Gross operating margin -€160,308
down €160,308 (-16.9%), from €951,007 to €790,699
- Staff costs +€93,059
up €93,059 (+13.0%), from €716,050 to €809,109
- Taxes -€28,532
down €28,532 (-98.8%), from €28,875 to €343
- Depreciation +€16,925
up €16,925 (+16.3%), from €104,037 to €120,962
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 | €1,600,591 | €1,682,348 | +€81,757 | +5.1% |
| Fixed assets | 21/28 | €928,370 | €1,105,486 | +€177,116 | +19.1% |
| Tangible fixed assets | 22/27 | €928,370 | €1,105,486 | +€177,116 | +19.1% |
| Land and buildings | 22 | €805,274 | €987,506 | +€182,232 | +22.6% |
| Plant, machinery and equipment | 23 | €70,303 | €49,533 | -€20,770 | -29.5% |
| Furniture and vehicles | 24 | €52,793 | €68,447 | +€15,654 | +29.7% |
| Current assets | 29/58 | €672,220 | €576,861 | -€95,359 | -14.2% |
| Stocks and contracts in progress | 3 | €97,945 | €68,429 | -€29,516 | -30.1% |
| Stocks | 30/36 | €14,320 | €19,528 | +€5,209 | +36.4% |
| Contracts in progress | 37 | €83,626 | €48,901 | -€34,725 | -41.5% |
| Amounts receivable within one year | 40/41 | €335,911 | €339,646 | +€3,736 | +1.1% |
| Trade receivables | 40 | €279,065 | €261,871 | -€17,194 | -6.2% |
| Other amounts receivable | 41 | €56,846 | €77,775 | +€20,929 | +36.8% |
| Current investments | 50/53 | €106,000 | €40,000 | -€66,000 | -62.3% |
| Cash at bank and in hand | 54/58 | €127,283 | €123,104 | -€4,180 | -3.3% |
| Deferred charges and accrued income | 490/1 | €5,081 | €5,682 | +€601 | +11.8% |
| Total equity and liabilities | 10/49 | €1,600,591 | €1,682,348 | +€81,757 | +5.1% |
| Equity | 10/15 | €650,961 | €484,670 | -€166,291 | -25.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €603,060 | €603,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €601,200 | €601,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,073 | -€160,178 | -€165,251 | |
| Investment grants | 15 | €24,228 | €23,187 | -€1,041 | -4.3% |
| Amounts payable | 17/49 | €949,630 | €1,197,678 | +€248,048 | +26.1% |
| Amounts payable after more than one year | 17 | €461,488 | €637,703 | +€176,215 | +38.2% |
| Financial debts | 170/4 | €461,488 | €637,703 | +€176,215 | +38.2% |
| Amounts payable within one year | 42/48 | €484,092 | €555,875 | +€71,783 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €64,535 | €94,048 | +€29,513 | +45.7% |
| Trade debts | 44 | €60,740 | €71,588 | +€10,848 | +17.9% |
| Suppliers | 440/4 | €60,740 | €71,588 | +€10,848 | +17.9% |
| Advances received on contracts in progress | 46 | €13,594 | €56,296 | +€42,702 | +314.1% |
| Taxes, remuneration and social security | 45 | €122,986 | €149,653 | +€26,667 | +21.7% |
| Taxes | 450/3 | €27,849 | €39,946 | +€12,097 | +43.4% |
| Remuneration and social security | 454/9 | €95,137 | €109,707 | +€14,570 | +15.3% |
| Other amounts payable | 47/48 | €222,238 | €184,290 | -€37,948 | -17.1% |
| Accrued charges and deferred income | 492/3 | €4,050 | €4,100 | +€50 | +1.2% |
| Remuneration, social security and pensions | 62 | €716,050 | €809,109 | +€93,059 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,037 | €120,962 | +€16,925 | +16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,725 | -€856 | -€4,581 | |
| Other operating charges | 640/8 | €15,220 | €12,657 | -€2,563 | -16.8% |
| Gross operating margin | 9900 | €951,007 | €790,699 | -€160,308 | -16.9% |
| Operating profit (loss) | 9901 | €111,975 | -€151,174 | -€263,149 | |
| Financial income | 75/76B | €8,699 | €6,128 | -€2,571 | -29.6% |
| Recurring financial income | 75 | €8,699 | €6,128 | -€2,571 | -29.6% |
| Financial charges | 65/66B | €18,490 | €19,862 | +€1,372 | +7.4% |
| Recurring financial charges | 65 | €18,490 | €19,862 | +€1,372 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €102,184 | -€164,907 | -€267,091 | |
| Income taxes | 67/77 | €28,875 | €343 | -€28,532 | -98.8% |
| Profit (loss) for the period | 9904 | €73,309 | -€165,251 | -€238,560 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,309 | -€165,251 | -€238,560 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.