M.G. Clémentine: 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.
M.G. Clémentine
Largest movements
- Receivables within one year +€11,895
up €11,895 (+160%), from €7,456 to €19,351
of which Other amounts receivable: +€11,234
- Receivables after one year -€10,736
down €10,736 (-26.8%), from €40,000 to €29,264
- Tangible fixed assets -€3,557
down €3,557 (-26.4%), from €13,471 to €9,914
of which Other tangible fixed assets: -€2,652
- Deferred charges and accrued income +€1,727
up €1,727 (+81.7%), from €2,114 to €3,841
- Cash -€871
down €871 (-5.7%), from €15,415 to €14,544
mainly Trade debts (-€11,963) and Receivables within one year (-€11,895)
- Reserves +€19,000
up €19,000 (+118%), from €16,059 to €35,059
of which Distributable reserves: +€19,000
- Trade debts -€11,963
down €11,963 (-87.4%), from €13,686 to €1,722
- Tax, wage and social debts -€8,712
down €8,712 (-59.9%), from €14,548 to €5,836
of which Taxes: -€9,912
- Gross operating margin +€13,669
up €13,669 (+96.0%), from €14,233 to €27,901
- Taxes +€2,267
up €2,267 (+81.7%), from €2,776 to €5,044
- Financial income +€793
up €793 (+60.3%), from €1,315 to €2,108
- Financial charges -€762
down €762 (-43.8%), from €1,737 to €976
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 | €78,456 | €76,914 | -€1,542 | -2.0% |
| Fixed assets | 21/28 | €13,471 | €9,914 | -€3,557 | -26.4% |
| Tangible fixed assets | 22/27 | €13,471 | €9,914 | -€3,557 | -26.4% |
| Plant, machinery and equipment | 23 | €4,263 | €3,786 | -€477 | -11.2% |
| Furniture and vehicles | 24 | €932 | €504 | -€428 | -45.9% |
| Other tangible fixed assets | 26 | €8,276 | €5,624 | -€2,652 | -32.0% |
| Current assets | 29/58 | €64,985 | €67,000 | +€2,015 | +3.1% |
| Amounts receivable after more than one year | 29 | €40,000 | €29,264 | -€10,736 | -26.8% |
| Other amounts receivable | 291 | €40,000 | €29,264 | -€10,736 | -26.8% |
| Amounts receivable within one year | 40/41 | €7,456 | €19,351 | +€11,895 | +160% |
| Trade receivables | 40 | €0 | €661 | +€661 | |
| Other amounts receivable | 41 | €7,456 | €18,690 | +€11,234 | +151% |
| Cash at bank and in hand | 54/58 | €15,415 | €14,544 | -€871 | -5.7% |
| Deferred charges and accrued income | 490/1 | €2,114 | €3,841 | +€1,727 | +81.7% |
| Total equity and liabilities | 10/49 | €78,456 | €76,914 | -€1,542 | -2.0% |
| Equity | 10/15 | €50,222 | €69,356 | +€19,133 | +38.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €16,059 | €35,059 | +€19,000 | +118% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €14,200 | €33,200 | +€19,000 | +134% |
| Profit (loss) carried forward | 14 | €15,571 | €15,705 | +€133 | +0.9% |
| Amounts payable | 17/49 | €28,234 | €7,558 | -€20,676 | -73.2% |
| Amounts payable within one year | 42/48 | €28,234 | €7,558 | -€20,676 | -73.2% |
| Trade debts | 44 | €13,686 | €1,722 | -€11,963 | -87.4% |
| Suppliers | 440/4 | €13,686 | €1,722 | -€11,963 | -87.4% |
| Taxes, remuneration and social security | 45 | €14,548 | €5,836 | -€8,712 | -59.9% |
| Taxes | 450/3 | €14,548 | €4,636 | -€9,912 | -68.1% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,557 | €3,557 | = | 0.0% |
| Other operating charges | 640/8 | €1,259 | €1,299 | +€41 | +3.2% |
| Gross operating margin | 9900 | €14,233 | €27,901 | +€13,669 | +96.0% |
| Operating profit (loss) | 9901 | €9,417 | €23,045 | +€13,628 | +145% |
| Financial income | 75/76B | €1,315 | €2,108 | +€793 | +60.3% |
| Recurring financial income | 75 | €1,315 | €2,108 | +€793 | +60.3% |
| Financial charges | 65/66B | €1,737 | €976 | -€762 | -43.8% |
| Recurring financial charges | 65 | €1,737 | €976 | -€762 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €8,995 | €24,177 | +€15,182 | +169% |
| Income taxes | 67/77 | €2,776 | €5,044 | +€2,267 | +81.7% |
| Profit (loss) for the period | 9904 | €6,219 | €19,133 | +€12,915 | +208% |
| Profit (loss) for the period to be appropriated | 9905 | €6,219 | €19,133 | +€12,915 | +208% |
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 29 October 2026 via checked.be.