DE CLEM: 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.
DE CLEM
Largest movements
- Receivables within one year -€22,899
down €22,899 (-60.6%), from €37,780 to €14,881
of which Other amounts receivable: -€15,736
- Cash -€22,115
down €22,115 (-63.7%), from €34,724 to €12,609
mainly Net result for the year (-€23,477) and Trade debts (-€21,787)
- Tangible fixed assets -€10,757
down €10,757 (-27.7%), from €38,814 to €28,057
of which Land and buildings: -€7,797
- Current investments -€5,904
down €5,904 (-22.7%), from €26,065 to €20,160
- Deferred charges and accrued income +€5,766
up €5,766 (+627.4%), from €919 to €6,685
- Profit (loss) carried forward -€23,461
down €23,461 (-37.4%), from -€62,734 to -€86,196
- Trade debts -€21,787
down €21,787 (-41.6%), from €52,390 to €30,603
- Debts after one year -€18,657
down €18,657 (-74.8%), from €24,941 to €6,284
- Other debts +€9,651
up €9,651 (+13.2%), from €73,371 to €83,022
- Short-term financial debts -€7,788
down €7,788 (-100.0%), from €7,788 to €0
- Gross operating margin +€36,640
up €36,640 (+64.0%), from €57,282 to €93,922
- Staff costs -€2,823
down €2,823 (-3.0%), from €92,669 to €89,847
- Other operating charges +€1,891
up €1,891 (+144.4%), from €1,310 to €3,201
- Financial charges -€1,265
down €1,265 (-8.5%), from €14,854 to €13,589
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 | €253,950 | €193,366 | -€60,584 | -23.9% |
| Fixed assets | 21/28 | €38,864 | €28,107 | -€10,757 | -27.7% |
| Tangible fixed assets | 22/27 | €38,814 | €28,057 | -€10,757 | -27.7% |
| Land and buildings | 22 | €30,724 | €22,927 | -€7,797 | -25.4% |
| Plant, machinery and equipment | 23 | €7,618 | €5,072 | -€2,546 | -33.4% |
| Furniture and vehicles | 24 | €472 | €59 | -€413 | -87.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €215,086 | €165,259 | -€49,827 | -23.2% |
| Stocks and contracts in progress | 3 | €115,599 | €110,923 | -€4,675 | -4.0% |
| Stocks | 30/36 | €115,599 | €110,923 | -€4,675 | -4.0% |
| Amounts receivable within one year | 40/41 | €37,780 | €14,881 | -€22,899 | -60.6% |
| Trade receivables | 40 | €8,247 | €1,084 | -€7,163 | -86.9% |
| Other amounts receivable | 41 | €29,533 | €13,797 | -€15,736 | -53.3% |
| Current investments | 50/53 | €26,065 | €20,160 | -€5,904 | -22.7% |
| Cash at bank and in hand | 54/58 | €34,724 | €12,609 | -€22,115 | -63.7% |
| Deferred charges and accrued income | 490/1 | €919 | €6,685 | +€5,766 | +627.4% |
| Total equity and liabilities | 10/49 | €253,950 | €193,366 | -€60,584 | -23.9% |
| Equity | 10/15 | €62,898 | €39,437 | -€23,461 | -37.3% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €103,133 | €103,133 | = | 0.0% |
| Distributable reserves | 133 | €103,133 | €103,133 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,734 | -€86,196 | -€23,461 | -37.4% |
| Amounts payable | 17/49 | €191,052 | €153,929 | -€37,123 | -19.4% |
| Amounts payable after more than one year | 17 | €24,941 | €6,284 | -€18,657 | -74.8% |
| Financial debts | 170/4 | €24,941 | €6,284 | -€18,657 | -74.8% |
| Amounts payable within one year | 42/48 | €165,570 | €147,007 | -€18,563 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €18,368 | €18,657 | +€289 | +1.6% |
| Financial debts | 43 | €7,788 | €0 | -€7,788 | -100.0% |
| Credit institutions | 430/8 | €7,788 | €0 | -€7,788 | -100.0% |
| Trade debts | 44 | €52,390 | €30,603 | -€21,787 | -41.6% |
| Suppliers | 440/4 | €52,390 | €30,603 | -€21,787 | -41.6% |
| Taxes, remuneration and social security | 45 | €13,653 | €14,724 | +€1,072 | +7.9% |
| Taxes | 450/3 | €195 | €203 | +€8 | +4.2% |
| Remuneration and social security | 454/9 | €13,458 | €14,521 | +€1,064 | +7.9% |
| Other amounts payable | 47/48 | €73,371 | €83,022 | +€9,651 | +13.2% |
| Accrued charges and deferred income | 492/3 | €541 | €639 | +€97 | +18.0% |
| Remuneration, social security and pensions | 62 | €92,669 | €89,847 | -€2,823 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,010 | €10,757 | -€253 | -2.3% |
| Other operating charges | 640/8 | €1,310 | €3,201 | +€1,891 | +144.4% |
| Gross operating margin | 9900 | €57,282 | €93,922 | +€36,640 | +64.0% |
| Operating profit (loss) | 9901 | -€47,707 | -€9,882 | +€37,825 | +79.3% |
| Financial income | 75/76B | €22 | €23 | +€1 | +3.1% |
| Recurring financial income | 75 | €22 | €23 | +€1 | +3.1% |
| Financial charges | 65/66B | €14,854 | €13,589 | -€1,265 | -8.5% |
| Recurring financial charges | 65 | €14,854 | €13,589 | -€1,265 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€62,540 | -€23,449 | +€39,091 | +62.5% |
| Income taxes | 67/77 | €195 | €28 | -€167 | -85.5% |
| Profit (loss) for the period | 9904 | -€62,734 | -€23,477 | +€39,257 | +62.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,734 | -€23,477 | +€39,257 | +62.6% |
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 8 October 2026 via checked.be.