CLOVCO: 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.
CLOVCO
Largest movements
- Receivables within one year -€56,969
down €56,969 (-60.2%), from €94,640 to €37,671
of which Trade receivables: -€88,926
- Cash -€32,658
down €32,658 (-34.0%), from €96,094 to €63,436
mainly Contributions, distributions and other (-€279,000) and Tax, wage and social debts (-€34,042)
- Receivables after one year -€20,000
no longer reported in 2025 (was €20,000)
- Tangible fixed assets -€11,460
down €11,460 (-41.6%), from €27,567 to €16,106
- Reserves -€180,000
no longer reported in 2025 (was €180,000)
- Other debts +€99,000
new in 2025: €99,000
- Tax, wage and social debts -€34,042
down €34,042 (-72.4%), from €47,001 to €12,959
- Current portion of long-term debt -€5,710
down €5,710 (-91.7%), from €6,229 to €519
- Gross operating margin +€24,614
up €24,614 (+21.3%), from €115,729 to €140,344
- Taxes +€6,364
up €6,364 (+27.6%), from €23,070 to €29,434
- Depreciation +€1,574
up €1,574 (+15.9%), from €9,886 to €11,460
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 | €239,310 | €117,625 | -€121,686 | -50.8% |
| Fixed assets | 21/28 | €27,567 | €16,106 | -€11,460 | -41.6% |
| Tangible fixed assets | 22/27 | €27,567 | €16,106 | -€11,460 | -41.6% |
| Furniture and vehicles | 24 | €27,567 | €16,106 | -€11,460 | -41.6% |
| Current assets | 29/58 | €211,744 | €101,518 | -€110,225 | -52.1% |
| Amounts receivable after more than one year | 29 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 291 | €20,000 | - | -€20,000 | |
| Amounts receivable within one year | 40/41 | €94,640 | €37,671 | -€56,969 | -60.2% |
| Trade receivables | 40 | €89,241 | €315 | -€88,926 | -99.6% |
| Other amounts receivable | 41 | €5,399 | €37,356 | +€31,957 | +591.9% |
| Cash at bank and in hand | 54/58 | €96,094 | €63,436 | -€32,658 | -34.0% |
| Deferred charges and accrued income | 490/1 | €1,010 | €411 | -€598 | -59.2% |
| Total equity and liabilities | 10/49 | €239,310 | €117,625 | -€121,686 | -50.8% |
| Equity | 10/15 | €183,989 | €3,871 | -€180,119 | -97.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €180,000 | - | -€180,000 | |
| Distributable reserves | 133 | €180,000 | - | -€180,000 | |
| Profit (loss) carried forward | 14 | €989 | €871 | -€119 | -12.0% |
| Amounts payable | 17/49 | €55,321 | €113,754 | +€58,433 | +105.6% |
| Amounts payable after more than one year | 17 | €519 | - | -€519 | |
| Financial debts | 170/4 | €519 | - | -€519 | |
| Amounts payable within one year | 42/48 | €54,002 | €112,954 | +€58,953 | +109.2% |
| Current portion of amounts payable after more than one year | 42 | €6,229 | €519 | -€5,710 | -91.7% |
| Trade debts | 44 | €771 | €476 | -€295 | -38.3% |
| Suppliers | 440/4 | €771 | €476 | -€295 | -38.3% |
| Taxes, remuneration and social security | 45 | €47,001 | €12,959 | -€34,042 | -72.4% |
| Taxes | 450/3 | €47,001 | €12,959 | -€34,042 | -72.4% |
| Other amounts payable | 47/48 | - | €99,000 | +€99,000 | |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,886 | €11,460 | +€1,574 | +15.9% |
| Other operating charges | 640/8 | €355 | €541 | +€186 | +52.3% |
| Gross operating margin | 9900 | €115,729 | €140,344 | +€24,614 | +21.3% |
| Operating profit (loss) | 9901 | €105,488 | €128,342 | +€22,854 | +21.7% |
| Financial income | 75/76B | €544 | €131 | -€413 | -75.9% |
| Recurring financial income | 75 | €544 | €131 | -€413 | -75.9% |
| Financial charges | 65/66B | €226 | €158 | -€68 | -30.1% |
| Recurring financial charges | 65 | €226 | €158 | -€68 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €105,806 | €128,315 | +€22,509 | +21.3% |
| Income taxes | 67/77 | €23,070 | €29,434 | +€6,364 | +27.6% |
| Profit (loss) for the period | 9904 | €82,736 | €98,881 | +€16,145 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €82,736 | €98,881 | +€16,145 | +19.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.