DE KLIFHANGERS: what changed
DE KLIFHANGERS
Largest movements
- Receivables within one year +€21,933
up €21,933 (+1,127%), from €1,946 to €23,880
of which Trade receivables: +€22,063
- Cash -€7,893
down €7,893 (-79.5%), from €9,934 to €2,040
mainly Receivables within one year (-€21,933) and Deferred charges and accrued income (-€1,371)
- Stocks and contracts -€5,075
down €5,075 (-100%), from €5,075 to €0
- Deferred charges and accrued income +€1,371
new in 2025: €1,371
- Tangible fixed assets +€1,088
new in 2025: €1,088
- Trade debts +€11,078
up €11,078 (+897%), from €1,235 to €12,313
- Tax, wage and social debts +€405
up €405 (+26.8%), from €1,507 to €1,911
- Other debts -€342
down €342 (-1.8%), from €18,924 to €18,582
- Gross operating margin +€11,377
up €11,377, from -€10,372 to €1,005
- Other operating charges -€470
down €470 (-52.8%), from €890 to €420
- Depreciation +€193
new in 2025: €193
- Financial charges -€141
down €141 (-56.3%), from €251 to €110
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,955 | €28,379 | +€11,424 | +67.4% |
| Fixed assets | 21/28 | - | €1,088 | +€1,088 | |
| Tangible fixed assets | 22/27 | - | €1,088 | +€1,088 | |
| Plant, machinery and equipment | 23 | - | €1,088 | +€1,088 | |
| Current assets | 29/58 | €16,955 | €27,291 | +€10,336 | +61.0% |
| Stocks and contracts in progress | 3 | €5,075 | €0 | -€5,075 | -100% |
| Stocks | 30/36 | €5,075 | €0 | -€5,075 | -100% |
| Amounts receivable within one year | 40/41 | €1,946 | €23,880 | +€21,933 | +1,127% |
| Trade receivables | 40 | €1,817 | €23,880 | +€22,063 | +1,215% |
| Other amounts receivable | 41 | €130 | €0 | -€130 | -100% |
| Cash at bank and in hand | 54/58 | €9,934 | €2,040 | -€7,893 | -79.5% |
| Deferred charges and accrued income | 490/1 | - | €1,371 | +€1,371 | |
| Total equity and liabilities | 10/49 | €16,955 | €28,379 | +€11,424 | +67.4% |
| Equity | 10/15 | -€4,711 | -€4,428 | +€283 | +6.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,711 | -€14,428 | +€283 | +1.9% |
| Amounts payable | 17/49 | €21,666 | €32,807 | +€11,141 | +51.4% |
| Amounts payable within one year | 42/48 | €21,666 | €32,807 | +€11,141 | +51.4% |
| Trade debts | 44 | €1,235 | €12,313 | +€11,078 | +897% |
| Suppliers | 440/4 | €1,235 | €12,313 | +€11,078 | +897% |
| Taxes, remuneration and social security | 45 | €1,507 | €1,911 | +€405 | +26.8% |
| Taxes | 450/3 | €1,507 | €1,911 | +€405 | +26.8% |
| Other amounts payable | 47/48 | €18,924 | €18,582 | -€342 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €193 | +€193 | |
| Other operating charges | 640/8 | €890 | €420 | -€470 | -52.8% |
| Gross operating margin | 9900 | -€10,372 | €1,005 | +€11,377 | |
| Operating profit (loss) | 9901 | -€11,262 | €392 | +€11,654 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +2,900% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2,900% |
| Financial charges | 65/66B | €251 | €110 | -€141 | -56.3% |
| Recurring financial charges | 65 | €251 | €110 | -€141 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,513 | €283 | +€11,796 | |
| Profit (loss) for the period | 9904 | -€11,513 | €283 | +€11,796 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,513 | €283 | +€11,796 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.