E-KLIPSE: 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.
E-KLIPSE
Largest movements
- Cash +€20,752
up €20,752 (+42.6%), from €48,673 to €69,425
mainly Deferred charges and accrued income (+€13,055) and Receivables within one year (+€8,111)
- Deferred charges and accrued income -€13,055
down €13,055 (-72.5%), from €18,011 to €4,957
- Tangible fixed assets +€11,122
up €11,122 (+141%), from €7,889 to €19,011
of which Plant, machinery and equipment: +€8,023
- Receivables within one year -€8,111
down €8,111 (-61.3%), from €13,228 to €5,117
of which Trade receivables: -€6,654
- Advances received +€4,655
new in 2025: €4,655
- Tax, wage and social debts +€4,562
up €4,562 (+42.7%), from €10,694 to €15,255
of which Taxes: +€4,162
- Accrued charges and deferred income +€1,856
up €1,856 (+2,875%), from €65 to €1,920
- Trade debts -€1,702
down €1,702 (-37.6%), from €4,521 to €2,819
- Turnover -€204,213
no longer reported in 2025 (was €204,213)
- Gross operating margin -€19,636
down €19,636 (-57.7%), from €34,014 to €14,378
- Taxes -€3,230
down €3,230 (-54.8%), from €5,898 to €2,668
- Financial charges +€2,936
up €2,936 (+540%), from €544 to €3,480
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 | €88,820 | €99,128 | +€10,308 | +11.6% |
| Fixed assets | 21/28 | €8,907 | €19,629 | +€10,722 | +120% |
| Intangible fixed assets | 21 | €998 | €598 | -€400 | -40.1% |
| Tangible fixed assets | 22/27 | €7,889 | €19,011 | +€11,122 | +141% |
| Plant, machinery and equipment | 23 | €3,946 | €11,968 | +€8,023 | +203% |
| Furniture and vehicles | 24 | €3,943 | €7,042 | +€3,099 | +78.6% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €79,913 | €79,498 | -€414 | -0.5% |
| Amounts receivable within one year | 40/41 | €13,228 | €5,117 | -€8,111 | -61.3% |
| Trade receivables | 40 | €7,500 | €846 | -€6,654 | -88.7% |
| Other amounts receivable | 41 | €5,728 | €4,270 | -€1,457 | -25.4% |
| Cash at bank and in hand | 54/58 | €48,673 | €69,425 | +€20,752 | +42.6% |
| Deferred charges and accrued income | 490/1 | €18,011 | €4,957 | -€13,055 | -72.5% |
| Total equity and liabilities | 10/49 | €88,820 | €99,128 | +€10,308 | +11.6% |
| Equity | 10/15 | €72,317 | €73,013 | +€696 | +1.0% |
| Contributions | 10/11 | €69,509 | €69,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,808 | €3,504 | +€696 | +24.8% |
| Amounts payable | 17/49 | €16,503 | €26,114 | +€9,612 | +58.2% |
| Amounts payable within one year | 42/48 | €16,438 | €24,194 | +€7,756 | +47.2% |
| Trade debts | 44 | €4,521 | €2,819 | -€1,702 | -37.6% |
| Suppliers | 440/4 | €4,521 | €2,819 | -€1,702 | -37.6% |
| Advances received on contracts in progress | 46 | - | €4,655 | +€4,655 | |
| Taxes, remuneration and social security | 45 | €10,694 | €15,255 | +€4,562 | +42.7% |
| Taxes | 450/3 | €6,194 | €10,355 | +€4,162 | +67.2% |
| Remuneration and social security | 454/9 | €4,500 | €4,900 | +€400 | +8.9% |
| Other amounts payable | 47/48 | €1,223 | €1,464 | +€241 | +19.7% |
| Accrued charges and deferred income | 492/3 | €65 | €1,920 | +€1,856 | +2,875% |
| Turnover | 70 | €204,213 | - | -€204,213 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,202 | €1,121 | -€81 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,223 | €5,542 | +€1,319 | +31.2% |
| Other operating charges | 640/8 | €1,912 | €1,257 | -€655 | -34.2% |
| Gross operating margin | 9900 | €34,014 | €14,378 | -€19,636 | -57.7% |
| Operating profit (loss) | 9901 | €26,677 | €6,458 | -€20,219 | -75.8% |
| Financial income | 75/76B | €213 | €385 | +€172 | +80.7% |
| Recurring financial income | 75 | €213 | €385 | +€172 | +80.7% |
| Financial charges | 65/66B | €544 | €3,480 | +€2,936 | +540% |
| Recurring financial charges | 65 | €544 | €3,480 | +€2,936 | +540% |
| Profit (loss) for the period before taxes | 9903 | €26,347 | €3,364 | -€22,983 | -87.2% |
| Income taxes | 67/77 | €5,898 | €2,668 | -€3,230 | -54.8% |
| Profit (loss) for the period | 9904 | €20,449 | €696 | -€19,753 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,449 | €696 | -€19,753 | -96.6% |
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 16 October 2026 via checked.be.