CLOVER: 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.
CLOVER
Largest movements
- Tangible fixed assets +€499,572
up €499,572 (+7.4%), from €6.7m to €7.2m
- Cash -€431,499
down €431,499 (-55.4%), from €779,553 to €348,054
mainly Investment in fixed assets (net) (-€550,000) and Other debts (-€35,700)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€6,249
down €6,249 (-3.7%), from €167,033 to €160,785
- Taxes +€4,361
up €4,361 (+27.0%), from €16,130 to €20,490
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 | €8,526,492 | €8,595,032 | +€68,540 | +0.8% |
| Fixed assets | 21/28 | €7,731,150 | €8,230,722 | +€499,572 | +6.5% |
| Tangible fixed assets | 22/27 | €6,712,568 | €7,212,140 | +€499,572 | +7.4% |
| Land and buildings | 22 | €6,712,568 | €7,212,140 | +€499,572 | +7.4% |
| Financial fixed assets | 28 | €1,018,582 | €1,018,582 | = | 0.0% |
| Current assets | 29/58 | €795,342 | €364,310 | -€431,032 | -54.2% |
| Amounts receivable within one year | 40/41 | €15,789 | €16,256 | +€467 | +3.0% |
| Other amounts receivable | 41 | €15,789 | €16,256 | +€467 | +3.0% |
| Cash at bank and in hand | 54/58 | €779,553 | €348,054 | -€431,499 | -55.4% |
| Total equity and liabilities | 10/49 | €8,526,492 | €8,595,032 | +€68,540 | +0.8% |
| Equity | 10/15 | €4,366,635 | €4,416,515 | +€49,879 | +1.1% |
| Contributions | 10/11 | €3,272,195 | €3,272,195 | = | 0.0% |
| Capital | 10 | €3,272,195 | €3,272,195 | = | 0.0% |
| Issued capital | 100 | €3,272,195 | €3,272,195 | = | 0.0% |
| Reserves | 13 | €66,441 | €69,320 | +€2,879 | +4.3% |
| Non-distributable reserves | 130/1 | €66,441 | €69,320 | +€2,879 | +4.3% |
| Legal reserve | 130 | €66,441 | €69,320 | +€2,879 | +4.3% |
| Profit (loss) carried forward | 14 | €1,028,000 | €1,075,000 | +€47,000 | +4.6% |
| Amounts payable | 17/49 | €4,159,856 | €4,178,517 | +€18,661 | +0.4% |
| Amounts payable within one year | 42/48 | €3,617,651 | €3,592,894 | -€24,758 | -0.7% |
| Trade debts | 44 | €11,657 | €15,158 | +€3,501 | +30.0% |
| Suppliers | 440/4 | €11,657 | €15,158 | +€3,501 | +30.0% |
| Taxes, remuneration and social security | 45 | €2,679 | €10,120 | +€7,441 | +278% |
| Taxes | 450/3 | €2,679 | €10,120 | +€7,441 | +278% |
| Other amounts payable | 47/48 | €3,603,315 | €3,567,615 | -€35,700 | -1.0% |
| Accrued charges and deferred income | 492/3 | €542,205 | €585,624 | +€43,419 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,428 | €50,428 | = | 0.0% |
| Other operating charges | 640/8 | €30,642 | €32,081 | +€1,440 | +4.7% |
| Gross operating margin | 9900 | €167,033 | €160,785 | -€6,249 | -3.7% |
| Operating profit (loss) | 9901 | €85,964 | €78,275 | -€7,688 | -8.9% |
| Financial income | 75/76B | €36,633 | €35,588 | -€1,045 | -2.9% |
| Recurring financial income | 75 | €36,633 | €35,588 | -€1,045 | -2.9% |
| Financial charges | 65/66B | €44,875 | €43,494 | -€1,382 | -3.1% |
| Recurring financial charges | 65 | €44,875 | €43,494 | -€1,382 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €77,722 | €70,370 | -€7,352 | -9.5% |
| Income taxes | 67/77 | €16,130 | €20,490 | +€4,361 | +27.0% |
| Profit (loss) for the period | 9904 | €61,592 | €49,879 | -€11,713 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,592 | €49,879 | -€11,713 | -19.0% |
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 15 October 2026 via checked.be.