Clover Leaf: 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 Leaf
Largest movements
- Receivables within one year +€27,902
up €27,902 (+982.0%), from €2,842 to €30,744
of which Trade receivables: +€29,895
- Receivables after one year -€20,000
down €20,000 (-26.7%), from €75,000 to €55,000
- Cash +€7,075
up €7,075 (+20.4%), from €34,734 to €41,809
mainly Net result for the year (+€26,668) and Receivables after one year (+€20,000)
- Tangible fixed assets +€5,057
up €5,057 (+106.3%), from €4,759 to €9,815
of which Furniture and vehicles: +€4,039
- Deferred charges and accrued income -€2,476
down €2,476 (-67.2%), from €3,686 to €1,210
- Tax, wage and social debts +€15,966
up €15,966 (+174.2%), from €9,163 to €25,129
- Other debts +€3,127
up €3,127 (+10.2%), from €30,540 to €33,667
- Trade debts -€1,535
down €1,535 (-29.6%), from €5,192 to €3,657
- Gross operating margin +€5,434
up €5,434 (+12.2%), from €44,440 to €49,874
- Depreciation -€553
down €553 (-9.5%), from €5,798 to €5,245
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 | €121,020 | €138,578 | +€17,558 | +14.5% |
| Fixed assets | 21/28 | €4,759 | €9,815 | +€5,057 | +106.3% |
| Tangible fixed assets | 22/27 | €4,759 | €9,815 | +€5,057 | +106.3% |
| Plant, machinery and equipment | 23 | €4,759 | €5,777 | +€1,018 | +21.4% |
| Furniture and vehicles | 24 | - | €4,039 | +€4,039 | |
| Current assets | 29/58 | €116,262 | €128,763 | +€12,501 | +10.8% |
| Amounts receivable after more than one year | 29 | €75,000 | €55,000 | -€20,000 | -26.7% |
| Other amounts receivable | 291 | €75,000 | €55,000 | -€20,000 | -26.7% |
| Amounts receivable within one year | 40/41 | €2,842 | €30,744 | +€27,902 | +982.0% |
| Trade receivables | 40 | €849 | €30,744 | +€29,895 | +3521.1% |
| Other amounts receivable | 41 | €1,993 | - | -€1,993 | |
| Cash at bank and in hand | 54/58 | €34,734 | €41,809 | +€7,075 | +20.4% |
| Deferred charges and accrued income | 490/1 | €3,686 | €1,210 | -€2,476 | -67.2% |
| Total equity and liabilities | 10/49 | €121,020 | €138,578 | +€17,558 | +14.5% |
| Equity | 10/15 | €76,125 | €76,125 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €74,125 | €74,125 | = | 0.0% |
| Distributable reserves | 133 | €74,125 | €74,125 | = | 0.0% |
| Amounts payable | 17/49 | €44,895 | €62,453 | +€17,558 | +39.1% |
| Amounts payable within one year | 42/48 | €44,895 | €62,453 | +€17,558 | +39.1% |
| Trade debts | 44 | €5,192 | €3,657 | -€1,535 | -29.6% |
| Suppliers | 440/4 | €5,192 | €3,657 | -€1,535 | -29.6% |
| Taxes, remuneration and social security | 45 | €9,163 | €25,129 | +€15,966 | +174.2% |
| Taxes | 450/3 | €9,163 | €25,129 | +€15,966 | +174.2% |
| Other amounts payable | 47/48 | €30,540 | €33,667 | +€3,127 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,798 | €5,245 | -€553 | -9.5% |
| Other operating charges | 640/8 | €602 | €574 | -€28 | -4.6% |
| Non-recurring operating charges | 66A | - | €10,000 | +€10,000 | |
| Gross operating margin | 9900 | €44,440 | €49,874 | +€5,434 | +12.2% |
| Operating profit (loss) | 9901 | €38,040 | €34,054 | -€3,986 | -10.5% |
| Financial income | 75/76B | €1,655 | €1,310 | -€345 | -20.8% |
| Recurring financial income | 75 | €1,655 | €1,310 | -€345 | -20.8% |
| Financial charges | 65/66B | €427 | €74 | -€353 | -82.7% |
| Recurring financial charges | 65 | €427 | €74 | -€353 | -82.7% |
| Profit (loss) for the period before taxes | 9903 | €39,268 | €35,291 | -€3,977 | -10.1% |
| Income taxes | 67/77 | €8,733 | €8,623 | -€111 | -1.3% |
| Profit (loss) for the period | 9904 | €30,534 | €26,668 | -€3,866 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,534 | €26,668 | -€3,866 | -12.7% |
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 8 October 2026 via checked.be.