CLOVIA: 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.
CLOVIA
Largest movements
- Tangible fixed assets +€598,749
up €598,749 (+36.7%), from €1.6m to €2.2m
of which Land and buildings: +€520,873
- Cash -€255,092
down €255,092 (-64.9%), from €392,971 to €137,879
mainly Investment in fixed assets (net) (-€697,598) and Other debts (-€114,281)
- Receivables within one year -€147,069
down €147,069 (-46.0%), from €319,999 to €172,930
of which Other amounts receivable: -€123,144
- Deferred charges and accrued income -€94,104
down €94,104 (-78.4%), from €120,000 to €25,896
- Debts after one year +€212,189
up €212,189 (+47.3%), from €448,326 to €660,515
- Other debts -€114,281
down €114,281 (-12.8%), from €889,814 to €775,533
- Trade debts -€99,828
down €99,828 (-85.5%), from €116,692 to €16,864
- Accrued charges and deferred income +€87,048
up €87,048 (+18.3%), from €474,523 to €561,571
- Current portion of long-term debt +€79,887
up €79,887 (+5.3%), from €1.5m to €1.6m
- Financial charges -€73,170
down €73,170 (-54.4%), from €134,496 to €61,326
- Gross operating margin -€61,829
down €61,829 (-32.2%), from €192,284 to €130,455
- Depreciation +€26,582
up €26,582 (+36.8%), from €72,267 to €98,849
- Taxes +€17,425
up €17,425, from €0 to €17,425
- Other operating charges -€5,352
down €5,352 (-53.2%), from €10,058 to €4,706
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 | €3,742,865 | €3,856,679 | +€113,814 | +3.0% |
| Fixed assets | 21/28 | €1,634,031 | €2,232,780 | +€598,749 | +36.6% |
| Tangible fixed assets | 22/27 | €1,633,507 | €2,232,256 | +€598,749 | +36.7% |
| Land and buildings | 22 | €1,426,625 | €1,947,498 | +€520,873 | +36.5% |
| Plant, machinery and equipment | 23 | €12,580 | €83,570 | +€70,990 | +564.3% |
| Furniture and vehicles | 24 | €164,222 | €179,257 | +€15,035 | +9.2% |
| Leasing and similar rights | 25 | €30,080 | €21,931 | -€8,149 | -27.1% |
| Financial fixed assets | 28 | €524 | €524 | +€0 | +0.1% |
| Current assets | 29/58 | €2,108,835 | €1,623,899 | -€484,936 | -23.0% |
| Amounts receivable within one year | 40/41 | €319,999 | €172,930 | -€147,069 | -46.0% |
| Trade receivables | 40 | €23,926 | - | -€23,926 | |
| Other amounts receivable | 41 | €296,074 | €172,930 | -€123,144 | -41.6% |
| Current investments | 50/53 | €1,275,864 | €1,287,194 | +€11,330 | +0.9% |
| Cash at bank and in hand | 54/58 | €392,971 | €137,879 | -€255,092 | -64.9% |
| Deferred charges and accrued income | 490/1 | €120,000 | €25,896 | -€94,104 | -78.4% |
| Total equity and liabilities | 10/49 | €3,742,865 | €3,856,679 | +€113,814 | +3.0% |
| Equity | 10/15 | €300,149 | €238,330 | -€61,819 | -20.6% |
| Contributions | 10/11 | €459,250 | €459,250 | = | 0.0% |
| Revaluation surpluses | 12 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €5,669 | €5,669 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €5,484 | €5,484 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €5,484 | €5,484 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €185 | €185 | +€0 | +0.2% |
| Profit (loss) carried forward | 14 | -€564,770 | -€626,589 | -€61,819 | -10.9% |
| Amounts payable | 17/49 | €3,442,717 | €3,618,349 | +€175,632 | +5.1% |
| Amounts payable after more than one year | 17 | €448,326 | €660,515 | +€212,189 | +47.3% |
| Financial debts | 170/4 | €448,326 | €660,515 | +€212,189 | +47.3% |
| Amounts payable within one year | 42/48 | €2,519,867 | €2,396,263 | -€123,604 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €1,513,361 | €1,593,248 | +€79,887 | +5.3% |
| Trade debts | 44 | €116,692 | €16,864 | -€99,828 | -85.5% |
| Suppliers | 440/4 | €116,692 | €16,864 | -€99,828 | -85.5% |
| Taxes, remuneration and social security | 45 | €0 | €10,618 | +€10,618 | |
| Taxes | 450/3 | €0 | €10,618 | +€10,618 | |
| Other amounts payable | 47/48 | €889,814 | €775,533 | -€114,281 | -12.8% |
| Accrued charges and deferred income | 492/3 | €474,523 | €561,571 | +€87,048 | +18.3% |
| Remuneration, social security and pensions | 62 | €11,138 | €10,378 | -€760 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,267 | €98,849 | +€26,582 | +36.8% |
| Other operating charges | 640/8 | €10,058 | €4,706 | -€5,352 | -53.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €192,284 | €130,455 | -€61,829 | -32.2% |
| Operating profit (loss) | 9901 | €98,821 | €16,522 | -€82,299 | -83.3% |
| Financial income | 75/76B | €143 | €410 | +€267 | +186.4% |
| Recurring financial income | 75 | €143 | €173 | +€30 | +20.8% |
| Non-recurring financial income | 76B | - | €237 | +€237 | |
| Financial charges | 65/66B | €134,496 | €61,326 | -€73,170 | -54.4% |
| Recurring financial charges | 65 | €134,496 | €61,326 | -€73,170 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | -€35,532 | -€44,394 | -€8,862 | -24.9% |
| Income taxes | 67/77 | €0 | €17,425 | +€17,425 | |
| Profit (loss) for the period | 9904 | -€35,532 | -€61,819 | -€26,287 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,532 | -€61,819 | -€26,287 | -74.0% |
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 5 October 2026 via checked.be.