CLUSTER-PARK: 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.
CLUSTER-PARK
Largest movements
- Receivables within one year +€24,937
up €24,937 (+441.9%), from €5,644 to €30,581
- Cash -€10,683
down €10,683 (-17.3%), from €61,676 to €50,992
mainly Contributions, distributions and other (-€39,350) and Receivables within one year (-€24,937)
- Other debts +€20,792
up €20,792 (+4146.0%), from €502 to €21,294
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Trade debts +€8,334
up €8,334 (+64.9%), from €12,843 to €21,177
- Tax, wage and social debts +€7,468
up €7,468 (+79.0%), from €9,458 to €16,926
- Debts after one year -€5,000
down €5,000 (-44.4%), from €11,250 to €6,250
- Gross operating margin +€3,341
up €3,341 (+11.9%), from €28,165 to €31,507
- Taxes -€1,019
down €1,019 (-12.1%), from €8,413 to €7,394
- Depreciation +€631
up €631 (+191.2%), from €330 to €961
- Financial charges -€445
down €445 (-21.3%), from €2,088 to €1,643
- Other operating charges -€316
down €316 (-37.8%), from €836 to €520
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 | €95,380 | €108,613 | +€13,233 | +13.9% |
| Fixed assets | 21/28 | €4,879 | €3,918 | -€961 | -19.7% |
| Intangible fixed assets | 21 | €2,172 | €1,696 | -€476 | -21.9% |
| Tangible fixed assets | 22/27 | €1,333 | €848 | -€485 | -36.4% |
| Furniture and vehicles | 24 | €1,333 | €848 | -€485 | -36.4% |
| Financial fixed assets | 28 | €1,374 | €1,374 | = | 0.0% |
| Current assets | 29/58 | €90,501 | €104,695 | +€14,194 | +15.7% |
| Stocks and contracts in progress | 3 | €23,050 | €23,055 | +€6 | 0.0% |
| Stocks | 30/36 | €23,050 | €23,055 | +€6 | 0.0% |
| Amounts receivable within one year | 40/41 | €5,644 | €30,581 | +€24,937 | +441.9% |
| Trade receivables | 40 | €5,644 | €30,581 | +€24,937 | +441.9% |
| Cash at bank and in hand | 54/58 | €61,676 | €50,992 | -€10,683 | -17.3% |
| Deferred charges and accrued income | 490/1 | €132 | €67 | -€65 | -49.6% |
| Total equity and liabilities | 10/49 | €95,380 | €108,613 | +€13,233 | +13.9% |
| Equity | 10/15 | €56,327 | €37,966 | -€18,361 | -32.6% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €37,727 | €37,966 | +€239 | +0.6% |
| Distributable reserves | 133 | €37,727 | €37,966 | +€239 | +0.6% |
| Amounts payable | 17/49 | €39,053 | €70,647 | +€31,594 | +80.9% |
| Amounts payable after more than one year | 17 | €11,250 | €6,250 | -€5,000 | -44.4% |
| Financial debts | 170/4 | €11,250 | €6,250 | -€5,000 | -44.4% |
| Amounts payable within one year | 42/48 | €27,803 | €64,397 | +€36,594 | +131.6% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €12,843 | €21,177 | +€8,334 | +64.9% |
| Suppliers | 440/4 | €12,843 | €21,177 | +€8,334 | +64.9% |
| Taxes, remuneration and social security | 45 | €9,458 | €16,926 | +€7,468 | +79.0% |
| Taxes | 450/3 | €9,458 | €16,926 | +€7,468 | +79.0% |
| Other amounts payable | 47/48 | €502 | €21,294 | +€20,792 | +4146.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330 | €961 | +€631 | +191.2% |
| Other operating charges | 640/8 | €836 | €520 | -€316 | -37.8% |
| Gross operating margin | 9900 | €28,165 | €31,507 | +€3,341 | +11.9% |
| Operating profit (loss) | 9901 | €27,000 | €30,026 | +€3,026 | +11.2% |
| Financial income | 75/76B | €287 | €0 | -€287 | -100.0% |
| Recurring financial income | 75 | €287 | €0 | -€287 | -100.0% |
| Financial charges | 65/66B | €2,088 | €1,643 | -€445 | -21.3% |
| Recurring financial charges | 65 | €2,088 | €1,643 | -€445 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €25,199 | €28,383 | +€3,184 | +12.6% |
| Income taxes | 67/77 | €8,413 | €7,394 | -€1,019 | -12.1% |
| Profit (loss) for the period | 9904 | €16,786 | €20,989 | +€4,203 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,786 | €20,989 | +€4,203 | +25.0% |
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 4 October 2026 via checked.be.