Cloubis: 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.
Cloubis
Largest movements
- Receivables within one year -€137,312
down €137,312 (-14.6%), from €942,551 to €805,239
of which Other amounts receivable: -€196,814
- Deferred charges and accrued income -€21,091
down €21,091 (-67.7%), from €31,135 to €10,045
- Tax, wage and social debts -€105,795
down €105,795 (-43.7%), from €242,046 to €136,251
of which Taxes: -€83,820
- Reserves -€51,680
down €51,680 (-10.1%), from €511,880 to €460,200
of which Tax-exempt reserves: -€33,680
- Advances received +€15,686
up €15,686 (+1,295%), from €1,211 to €16,897
- Trade debts -€14,707
down €14,707 (-8.1%), from €182,210 to €167,503
- Turnover -€321,055
down €321,055 (-13.8%), from €2.3m to €2.0m
- Purchases and services -€200,558
down €200,558 (-17.7%), from €1.1m to €934,782
- Gross operating margin -€172,372
down €172,372 (-14.0%), from €1.2m to €1.1m
- Staff costs +€90,880
up €90,880 (+9.3%), from €978,321 to €1.1m
- Taxes -€56,738
down €56,738 (-95.9%), from €59,190 to €2,452
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 | €999,640 | €843,913 | -€155,728 | -15.6% |
| Fixed assets | 21/28 | €15,856 | €19,666 | +€3,810 | +24.0% |
| Tangible fixed assets | 22/27 | €15,856 | €19,666 | +€3,810 | +24.0% |
| Plant, machinery and equipment | 23 | €15,856 | €19,666 | +€3,810 | +24.0% |
| Current assets | 29/58 | €983,785 | €824,247 | -€159,538 | -16.2% |
| Stocks and contracts in progress | 3 | - | €875 | +€875 | |
| Contracts in progress | 37 | - | €875 | +€875 | |
| Amounts receivable within one year | 40/41 | €942,551 | €805,239 | -€137,312 | -14.6% |
| Trade receivables | 40 | €275,953 | €335,455 | +€59,502 | +21.6% |
| Other amounts receivable | 41 | €666,599 | €469,785 | -€196,814 | -29.5% |
| Cash at bank and in hand | 54/58 | €10,098 | €8,088 | -€2,010 | -19.9% |
| Deferred charges and accrued income | 490/1 | €31,135 | €10,045 | -€21,091 | -67.7% |
| Total equity and liabilities | 10/49 | €999,640 | €843,913 | -€155,728 | -15.6% |
| Equity | 10/15 | €574,174 | €522,996 | -€51,178 | -8.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €511,880 | €460,200 | -€51,680 | -10.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,680 | - | -€33,680 | |
| Distributable reserves | 133 | €472,000 | €454,000 | -€18,000 | -3.8% |
| Profit (loss) carried forward | 14 | €294 | €796 | +€502 | +171% |
| Provisions and deferred taxes | 16 | - | €267 | +€267 | |
| Provisions for liabilities and charges | 160/5 | - | €267 | +€267 | |
| Pensions and similar obligations | 160 | - | €267 | +€267 | |
| Amounts payable | 17/49 | €425,467 | €320,650 | -€104,816 | -24.6% |
| Amounts payable within one year | 42/48 | €425,467 | €320,650 | -€104,816 | -24.6% |
| Trade debts | 44 | €182,210 | €167,503 | -€14,707 | -8.1% |
| Suppliers | 440/4 | €182,210 | €167,503 | -€14,707 | -8.1% |
| Advances received on contracts in progress | 46 | €1,211 | €16,897 | +€15,686 | +1,295% |
| Taxes, remuneration and social security | 45 | €242,046 | €136,251 | -€105,795 | -43.7% |
| Taxes | 450/3 | €133,870 | €50,050 | -€83,820 | -62.6% |
| Remuneration and social security | 454/9 | €108,176 | €86,201 | -€21,975 | -20.3% |
| Turnover | 70 | €2,325,728 | €2,004,673 | -€321,055 | -13.8% |
| Non-recurring operating income | 76A | €390 | - | -€390 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,135,340 | €934,782 | -€200,558 | -17.7% |
| Remuneration, social security and pensions | 62 | €978,321 | €1,069,201 | +€90,880 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,956 | €13,559 | -€3,397 | -20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €267 | +€267 | |
| Other operating charges | 640/8 | €5,833 | €5,312 | -€521 | -8.9% |
| Non-recurring operating charges | 66A | - | €490 | +€490 | |
| Gross operating margin | 9900 | €1,232,598 | €1,060,226 | -€172,372 | -14.0% |
| Operating profit (loss) | 9901 | €231,488 | -€28,603 | -€260,091 | |
| Financial income | 75/76B | €6,803 | €6,830 | +€27 | +0.4% |
| Recurring financial income | 75 | €6,803 | €6,830 | +€27 | +0.4% |
| Financial charges | 65/66B | €26,431 | €26,953 | +€522 | +2.0% |
| Recurring financial charges | 65 | €26,431 | €26,953 | +€522 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €211,860 | -€48,726 | -€260,586 | |
| Income taxes | 67/77 | €59,190 | €2,452 | -€56,738 | -95.9% |
| Profit (loss) for the period | 9904 | €152,670 | -€51,178 | -€203,848 | |
| Transfer from tax-exempt reserves | 789 | - | €33,680 | +€33,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €152,670 | -€17,498 | -€170,168 |
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 16 October 2026 via checked.be.