CLOVRA: 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.
CLOVRA
Largest movements
- Receivables within one year +€37,223
up €37,223 (+25.7%), from €144,960 to €182,183
of which Other amounts receivable: +€35,743
- Tangible fixed assets -€29,493
down €29,493 (-7.6%), from €389,522 to €360,030
of which Land and buildings: -€25,553
- Profit (loss) carried forward -€23,632
new in 2024: -€23,632
- Trade debts +€16,670
up €16,670 (+115%), from €14,459 to €31,128
- Reserves -€16,470
down €16,470 (-8.6%), from €191,250 to €174,780
of which Distributable reserves: -€14,596
- Short-term financial debts +€15,000
up €15,000 (+6.0%), from €250,000 to €265,000
- Tax, wage and social debts +€14,290
up €14,290 (+155%), from €9,242 to €23,532
- Gross operating margin -€229,012
down €229,012 (-88.7%), from €258,069 to €29,057
- Taxes -€8,550
down €8,550 (-97.8%), from €8,743 to €193
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €543,563 | €548,457 | +€4,894 | +0.9% |
| Fixed assets | 21/28 | €391,561 | €362,068 | -€29,493 | -7.5% |
| Tangible fixed assets | 22/27 | €389,522 | €360,030 | -€29,493 | -7.6% |
| Land and buildings | 22 | €371,754 | €346,202 | -€25,553 | -6.9% |
| Furniture and vehicles | 24 | €17,768 | €13,828 | -€3,940 | -22.2% |
| Financial fixed assets | 28 | €2,039 | €2,039 | = | 0.0% |
| Current assets | 29/58 | €152,002 | €186,389 | +€34,386 | +22.6% |
| Amounts receivable within one year | 40/41 | €144,960 | €182,183 | +€37,223 | +25.7% |
| Trade receivables | 40 | €6,615 | €8,095 | +€1,480 | +22.4% |
| Other amounts receivable | 41 | €138,345 | €174,088 | +€35,743 | +25.8% |
| Cash at bank and in hand | 54/58 | €4,270 | €1,622 | -€2,648 | -62.0% |
| Deferred charges and accrued income | 490/1 | €2,773 | €2,584 | -€189 | -6.8% |
| Total equity and liabilities | 10/49 | €543,563 | €548,457 | +€4,894 | +0.9% |
| Equity | 10/15 | €253,250 | €213,149 | -€40,101 | -15.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €191,250 | €174,780 | -€16,470 | -8.6% |
| Tax-exempt reserves | 132 | €30,691 | €28,818 | -€1,873 | -6.1% |
| Distributable reserves | 133 | €160,559 | €145,963 | -€14,596 | -9.1% |
| Profit (loss) carried forward | 14 | - | -€23,632 | -€23,632 | |
| Provisions and deferred taxes | 16 | €15,813 | €14,848 | -€965 | -6.1% |
| Deferred taxes | 168 | €15,813 | €14,848 | -€965 | -6.1% |
| Amounts payable | 17/49 | €274,501 | €320,461 | +€45,960 | +16.7% |
| Amounts payable within one year | 42/48 | €274,501 | €320,461 | +€45,960 | +16.7% |
| Financial debts | 43 | €250,000 | €265,000 | +€15,000 | +6.0% |
| Credit institutions | 430/8 | €250,000 | €265,000 | +€15,000 | +6.0% |
| Trade debts | 44 | €14,459 | €31,128 | +€16,670 | +115% |
| Suppliers | 440/4 | €14,459 | €31,128 | +€16,670 | +115% |
| Taxes, remuneration and social security | 45 | €9,242 | €23,532 | +€14,290 | +155% |
| Taxes | 450/3 | €9,242 | €23,532 | +€14,290 | +155% |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Non-recurring operating income | 76A | €230,408 | - | -€230,408 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,529 | €29,493 | +€1,963 | +7.1% |
| Other operating charges | 640/8 | €14,334 | €13,419 | -€915 | -6.4% |
| Gross operating margin | 9900 | €258,069 | €29,057 | -€229,012 | -88.7% |
| Operating profit (loss) | 9901 | €216,206 | -€13,854 | -€230,060 | |
| Financial income | 75/76B | €3,592 | €5,795 | +€2,202 | +61.3% |
| Recurring financial income | 75 | €3,592 | €5,795 | +€2,202 | +61.3% |
| Financial charges | 65/66B | €17,856 | €18,217 | +€361 | +2.0% |
| Recurring financial charges | 65 | €17,856 | €18,217 | +€361 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €201,942 | -€26,277 | -€228,219 | |
| Transfer from deferred taxes | 780 | €3,585 | €965 | -€2,621 | -73.1% |
| Income taxes | 67/77 | €8,743 | €193 | -€8,550 | -97.8% |
| Profit (loss) for the period | 9904 | €196,785 | -€25,505 | -€222,290 | |
| Transfer from tax-exempt reserves | 789 | €6,963 | €1,873 | -€5,089 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €203,747 | -€23,632 | -€227,379 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.