CLOVER: 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.
CLOVER
Largest movements
- Tangible fixed assets -€45,339
down €45,339 (-3.0%), from €1.5m to €1.5m
- Other debts -€426,375
no longer reported in 2025 (was €426,375)
- Debts after one year +€361,880
up €361,880 (+34.8%), from €1.0m to €1.4m
- Gross operating margin -€44,709
down €44,709 (-31.9%), from €139,971 to €95,262
- Other operating charges -€6,038
no longer reported in 2025 (was €6,038)
- Taxes -€2,457
down €2,457 (-60.8%), from €4,042 to €1,584
- Depreciation +€1,626
up €1,626 (+3.7%), from €43,992 to €45,618
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 | €1,553,787 | €1,498,620 | -€55,168 | -3.6% |
| Formation expenses | 20 | €791 | €512 | -€279 | -35.3% |
| Fixed assets | 21/28 | €1,531,426 | €1,486,087 | -€45,339 | -3.0% |
| Tangible fixed assets | 22/27 | €1,531,426 | €1,486,087 | -€45,339 | -3.0% |
| Land and buildings | 22 | €1,531,426 | €1,486,087 | -€45,339 | -3.0% |
| Current assets | 29/58 | €21,571 | €12,021 | -€9,550 | -44.3% |
| Cash at bank and in hand | 54/58 | €21,571 | €12,021 | -€9,550 | -44.3% |
| Total equity and liabilities | 10/49 | €1,553,787 | €1,498,620 | -€55,168 | -3.6% |
| Equity | 10/15 | €19,321 | €24,510 | +€5,189 | +26.9% |
| Contributions | 10/11 | €3,200 | €3,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,121 | €21,310 | +€5,189 | +32.2% |
| Amounts payable | 17/49 | €1,534,466 | €1,474,109 | -€60,357 | -3.9% |
| Amounts payable after more than one year | 17 | €1,040,302 | €1,402,182 | +€361,880 | +34.8% |
| Financial debts | 170/4 | €1,040,302 | €1,402,182 | +€361,880 | +34.8% |
| Amounts payable within one year | 42/48 | €494,165 | €71,927 | -€422,237 | -85.4% |
| Current portion of amounts payable after more than one year | 42 | €63,748 | €66,301 | +€2,553 | +4.0% |
| Taxes, remuneration and social security | 45 | €4,042 | €5,626 | +€1,584 | +39.2% |
| Taxes | 450/3 | €4,042 | €5,626 | +€1,584 | +39.2% |
| Other amounts payable | 47/48 | €426,375 | - | -€426,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,992 | €45,618 | +€1,626 | +3.7% |
| Other operating charges | 640/8 | €6,038 | - | -€6,038 | |
| Gross operating margin | 9900 | €139,971 | €95,262 | -€44,709 | -31.9% |
| Operating profit (loss) | 9901 | €89,941 | €49,645 | -€40,296 | -44.8% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €41,558 | €42,881 | +€1,323 | +3.2% |
| Recurring financial charges | 65 | €41,558 | €42,881 | +€1,323 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €48,383 | €6,774 | -€41,609 | -86.0% |
| Income taxes | 67/77 | €4,042 | €1,584 | -€2,457 | -60.8% |
| Profit (loss) for the period | 9904 | €44,341 | €5,189 | -€39,152 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,341 | €5,189 | -€39,152 | -88.3% |
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 2 October 2026 via checked.be.