CLUWAY: 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.
CLUWAY
Largest movements
- Receivables within one year -€6,612
down €6,612 (-17.9%), from €37,023 to €30,411
of which Other amounts receivable: -€6,918
- Cash -€4,462
down €4,462 (-63.3%), from €7,050 to €2,588
mainly Net result for the year (-€11,939) and Tax, wage and social debts (-€524)
- Deferred charges and accrued income -€921
down €921 (-100%), from €921 to €0
- Tangible fixed assets -€517
down €517 (-36.4%), from €1,419 to €902
- Reserves -€11,939
down €11,939 (-27.3%), from €43,755 to €31,817
- Tax, wage and social debts -€524
down €524 (-70.8%), from €740 to €216
- Gross operating margin +€26,348
up €26,348 (+73.1%), from -€36,058 to -€9,710
- Financial income -€1,957
down €1,957 (-80.2%), from €2,441 to €483
- Financial charges -€916
down €916 (-39.3%), from €2,332 to €1,416
- Other operating charges -€491
down €491 (-41.2%), from €1,192 to €701
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.
Derived cash bridge
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 | €46,412 | €33,901 | -€12,511 | -27.0% |
| Fixed assets | 21/28 | €1,419 | €902 | -€517 | -36.4% |
| Tangible fixed assets | 22/27 | €1,419 | €902 | -€517 | -36.4% |
| Furniture and vehicles | 24 | €1,419 | €902 | -€517 | -36.4% |
| Current assets | 29/58 | €44,994 | €32,999 | -€11,994 | -26.7% |
| Amounts receivable within one year | 40/41 | €37,023 | €30,411 | -€6,612 | -17.9% |
| Trade receivables | 40 | €0 | €306 | +€306 | |
| Other amounts receivable | 41 | €37,023 | €30,105 | -€6,918 | -18.7% |
| Cash at bank and in hand | 54/58 | €7,050 | €2,588 | -€4,462 | -63.3% |
| Deferred charges and accrued income | 490/1 | €921 | €0 | -€921 | -100% |
| Total equity and liabilities | 10/49 | €46,412 | €33,901 | -€12,511 | -27.0% |
| Equity | 10/15 | €45,255 | €33,317 | -€11,939 | -26.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €43,755 | €31,817 | -€11,939 | -27.3% |
| Distributable reserves | 133 | €43,755 | €31,817 | -€11,939 | -27.3% |
| Amounts payable | 17/49 | €1,157 | €585 | -€572 | -49.5% |
| Amounts payable within one year | 42/48 | €1,157 | €585 | -€572 | -49.5% |
| Trade debts | 44 | €418 | €0 | -€418 | -100% |
| Suppliers | 440/4 | €418 | €0 | -€418 | -100% |
| Advances received on contracts in progress | 46 | - | €369 | +€369 | |
| Taxes, remuneration and social security | 45 | €740 | €216 | -€524 | -70.8% |
| Taxes | 450/3 | €740 | €216 | -€524 | -70.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €517 | €517 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,192 | €701 | -€491 | -41.2% |
| Gross operating margin | 9900 | -€36,058 | -€9,710 | +€26,348 | +73.1% |
| Operating profit (loss) | 9901 | -€37,767 | -€10,928 | +€26,839 | +71.1% |
| Financial income | 75/76B | €2,441 | €483 | -€1,957 | -80.2% |
| Recurring financial income | 75 | €2,441 | €483 | -€1,957 | -80.2% |
| Financial charges | 65/66B | €2,332 | €1,416 | -€916 | -39.3% |
| Recurring financial charges | 65 | €2,332 | €1,416 | -€916 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | -€37,658 | -€11,860 | +€25,798 | +68.5% |
| Income taxes | 67/77 | €183 | €79 | -€104 | -56.8% |
| Profit (loss) for the period | 9904 | -€37,841 | -€11,939 | +€25,902 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,841 | -€11,939 | +€25,902 | +68.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.