CLUMA ENGINEERING: 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.
What changed
CLUMA ENGINEERING
NACE 25.110, Manufacture of metal structures and parts of structures
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€905,825
2024 · €1.1m-€157,650
Equity
€1.0m
2024 · €1.0m+€5,825
Cash
€902,548
2024 · €874,330+€28,218
Balance sheet total
€4.2m
2024 · €4.3m-€95,241
Largest movements
Assets
- Current investments -€250,000
down €250,000 (-50.0%), from €500,000 to €250,000
- Receivables within one year +€203,542
up €203,542 (+16.9%), from €1.2m to €1.4m
of which Trade receivables: +€365,709
- Stocks and contracts -€64,593
down €64,593 (-6.6%), from €971,975 to €907,382
Equity and liabilities
- Other debts +€580,000
up €580,000 (+90.6%), from €640,000 to €1.2m
- Short-term financial debts -€220,558
down €220,558 (-100.0%), from €220,558 to €0
- Advances received -€203,933
down €203,933 (-19.8%), from €1.0m to €827,519
- Tax, wage and social debts -€150,572
down €150,572 (-27.9%), from €540,304 to €389,731
of which Taxes: -€106,842
- Debts after one year -€83,290
down €83,290 (-85.6%), from €97,263 to €13,973
Income statement
- Gross operating margin -€312,139
down €312,139 (-6.8%), from €4.6m to €4.3m
- Staff costs -€144,094
down €144,094 (-5.1%), from €2.8m to €2.7m
- Taxes -€88,634
down €88,634 (-21.1%), from €419,261 to €330,627
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.
Result 2024
€1.1m
Gross operating margin
-€312,139
Staff costs
+€144,094
Depreciation
-€35,073
Write-downs
-€20,638
Provisions
+€2,440
Other operating charges
+€12,859
Other operating items
-€3,686
Financial income
-€33,699
Financial charges
-€442
Taxes
+€88,634
Result 2025
€905,825
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.
From operations
+€1.3m
Investment
-€33,869
Financing
-€1.2m
Cash 2024
€874,330
From operations (derived)
+€1.3m
Net result for the year
+€905,825
Depreciation
+€283,783
Stocks and contracts
+€64,593
Receivables within one year
-€203,542
Deferred charges and accrued income
+€12,494
Provisions
-€1,876
Trade debts
+€2,987
Tax, wage and social debts
-€150,572
Advances received
-€203,933
Other debts
+€580,000
Accrued charges and deferred income
+€7,494
Investment (derived)
-€33,869
Investment in fixed assets (net)
-€283,869
Current investments
+€250,000
Financing
-€1.2m
Debts after one year
-€83,290
Current portion of long-term debt
-€31,319
Short-term financial debts
-€220,558
Contributions, distributions and other
-€900,000
Cash 2025
€902,548
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,305,006 | €4,209,765 | -€95,241 | -2.2% |
| Fixed assets | 21/28 | €730,866 | €730,951 | +€86 | 0.0% |
| Intangible fixed assets | 21 | €32,060 | €18,282 | -€13,778 | -43.0% |
| Tangible fixed assets | 22/27 | €697,943 | €711,807 | +€13,864 | +2.0% |
| Plant, machinery and equipment | 23 | €58,957 | €101,928 | +€42,970 | +72.9% |
| Furniture and vehicles | 24 | €576,142 | €544,810 | -€31,331 | -5.4% |
| Other tangible fixed assets | 26 | €62,844 | €65,069 | +€2,225 | +3.5% |
| Financial fixed assets | 28 | €863 | €863 | = | 0.0% |
| Current assets | 29/58 | €3,574,140 | €3,478,813 | -€95,327 | -2.7% |
| Stocks and contracts in progress | 3 | €971,975 | €907,382 | -€64,593 | -6.6% |
| Stocks | 30/36 | €971,975 | €907,382 | -€64,593 | -6.6% |
| Amounts receivable within one year | 40/41 | €1,201,535 | €1,405,077 | +€203,542 | +16.9% |
| Trade receivables | 40 | €890,722 | €1,256,431 | +€365,709 | +41.1% |
| Other amounts receivable | 41 | €310,814 | €148,646 | -€162,167 | -52.2% |
| Current investments | 50/53 | €500,000 | €250,000 | -€250,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €874,330 | €902,548 | +€28,218 | +3.2% |
| Deferred charges and accrued income | 490/1 | €26,301 | €13,807 | -€12,494 | -47.5% |
| Total equity and liabilities | 10/49 | €4,305,006 | €4,209,765 | -€95,241 | -2.2% |
| Equity | 10/15 | €1,020,092 | €1,025,917 | +€5,825 | +0.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €32,422 | €32,422 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,817 | €10,817 | = | 0.0% |
| Distributable reserves | 133 | €15,455 | €15,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | €926,170 | €931,995 | +€5,825 | +0.6% |
| Provisions and deferred taxes | 16 | €118,263 | €116,387 | -€1,876 | -1.6% |
| Provisions for liabilities and charges | 160/5 | €118,263 | €116,387 | -€1,876 | -1.6% |
| Other liabilities and charges | 164/5 | €118,263 | €116,387 | -€1,876 | -1.6% |
| Amounts payable | 17/49 | €3,166,650 | €3,067,461 | -€99,190 | -3.1% |
| Amounts payable after more than one year | 17 | €97,263 | €13,973 | -€83,290 | -85.6% |
| Financial debts | 170/4 | €97,263 | €13,973 | -€83,290 | -85.6% |
| Amounts payable within one year | 42/48 | €3,069,388 | €3,045,994 | -€23,394 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €114,608 | €83,290 | -€31,319 | -27.3% |
| Financial debts | 43 | €220,558 | €0 | -€220,558 | -100.0% |
| Credit institutions | 430/8 | €220,558 | €0 | -€220,558 | -100.0% |
| Trade debts | 44 | €522,467 | €525,454 | +€2,987 | +0.6% |
| Suppliers | 440/4 | €522,467 | €525,454 | +€2,987 | +0.6% |
| Advances received on contracts in progress | 46 | €1,031,451 | €827,519 | -€203,933 | -19.8% |
| Taxes, remuneration and social security | 45 | €540,304 | €389,731 | -€150,572 | -27.9% |
| Taxes | 450/3 | €202,567 | €95,725 | -€106,842 | -52.7% |
| Remuneration and social security | 454/9 | €337,736 | €294,006 | -€43,730 | -12.9% |
| Other amounts payable | 47/48 | €640,000 | €1,220,000 | +€580,000 | +90.6% |
| Accrued charges and deferred income | 492/3 | €0 | €7,494 | +€7,494 | |
| Non-recurring operating income | 76A | €9,953 | €413 | -€9,540 | -95.8% |
| Remuneration, social security and pensions | 62 | €2,818,079 | €2,673,985 | -€144,094 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,710 | €283,783 | +€35,073 | +14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,129 | €54,767 | +€20,638 | +60.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €564 | -€1,876 | -€2,440 | |
| Other operating charges | 640/8 | €77,130 | €64,271 | -€12,859 | -16.7% |
| Non-recurring operating charges | 66A | €16,938 | €20,624 | +€3,686 | +21.8% |
| Gross operating margin | 9900 | €4,602,433 | €4,290,295 | -€312,139 | -6.8% |
| Operating profit (loss) | 9901 | €1,406,883 | €1,194,741 | -€212,143 | -15.1% |
| Financial income | 75/76B | €88,851 | €55,152 | -€33,699 | -37.9% |
| Recurring financial income | 75 | €88,851 | €55,152 | -€33,699 | -37.9% |
| Financial charges | 65/66B | €12,998 | €13,441 | +€442 | +3.4% |
| Recurring financial charges | 65 | €12,998 | €13,441 | +€442 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €1,482,736 | €1,236,452 | -€246,284 | -16.6% |
| Income taxes | 67/77 | €419,261 | €330,627 | -€88,634 | -21.1% |
| Profit (loss) for the period | 9904 | €1,063,475 | €905,825 | -€157,650 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,063,475 | €905,825 | -€157,650 | -14.8% |
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 1 October 2026 via checked.be.