White Clementine: 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.
White Clementine
Largest movements
- Cash -€24,996
down €24,996 (-64.9%), from €38,494 to €13,498
mainly Current investments (-€23,348) and Net result for the year (-€3,388)
- Current investments +€23,348
up €23,348 (+23.7%), from €98,338 to €121,687
- Profit (loss) carried forward -€3,388
down €3,388 (-84.8%), from -€3,997 to -€7,385
- Trade debts +€2,358
new in 2025: €2,358
- Financial income -€4,057
down €4,057 (-57.8%), from €7,023 to €2,967
- Financial charges -€2,899
down €2,899 (-98.1%), from €2,957 to €57
- Gross operating margin -€2,365
down €2,365 (-75.3%), from -€3,141 to -€5,505
- Taxes -€1,645
no longer reported in 2025 (was €1,645)
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 | €166,875 | €165,845 | -€1,030 | -0.6% |
| Fixed assets | 21/28 | €6,591 | €6,319 | -€272 | -4.1% |
| Tangible fixed assets | 22/27 | €6,591 | €6,319 | -€272 | -4.1% |
| Land and buildings | 22 | €1,831 | €1,559 | -€272 | -14.9% |
| Plant, machinery and equipment | 23 | €4,760 | €4,760 | = | 0.0% |
| Current assets | 29/58 | €160,283 | €159,526 | -€758 | -0.5% |
| Amounts receivable within one year | 40/41 | €23,451 | €24,341 | +€890 | +3.8% |
| Other amounts receivable | 41 | €23,451 | €24,341 | +€890 | +3.8% |
| Current investments | 50/53 | €98,338 | €121,687 | +€23,348 | +23.7% |
| Cash at bank and in hand | 54/58 | €38,494 | €13,498 | -€24,996 | -64.9% |
| Total equity and liabilities | 10/49 | €166,875 | €165,845 | -€1,030 | -0.6% |
| Equity | 10/15 | €165,333 | €161,945 | -€3,388 | -2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €163,130 | €163,130 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €161,270 | €163,130 | +€1,860 | +1.2% |
| Profit (loss) carried forward | 14 | -€3,997 | -€7,385 | -€3,388 | -84.8% |
| Amounts payable | 17/49 | €1,541 | €3,900 | +€2,358 | +153% |
| Amounts payable within one year | 42/48 | €1,541 | €3,900 | +€2,358 | +153% |
| Trade debts | 44 | - | €2,358 | +€2,358 | |
| Suppliers | 440/4 | - | €2,358 | +€2,358 | |
| Taxes, remuneration and social security | 45 | €1,541 | €1,541 | = | 0.0% |
| Taxes | 450/3 | €1,541 | €1,541 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272 | €272 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€3,141 | -€5,505 | -€2,365 | -75.3% |
| Operating profit (loss) | 9901 | -€3,918 | -€6,297 | -€2,379 | -60.7% |
| Financial income | 75/76B | €7,023 | €2,967 | -€4,057 | -57.8% |
| Recurring financial income | 75 | €7,023 | €2,967 | -€4,057 | -57.8% |
| Financial charges | 65/66B | €2,957 | €57 | -€2,899 | -98.1% |
| Recurring financial charges | 65 | €2,957 | €57 | -€2,899 | -98.1% |
| Profit (loss) for the period before taxes | 9903 | €149 | -€3,388 | -€3,536 | |
| Income taxes | 67/77 | €1,645 | - | -€1,645 | |
| Profit (loss) for the period | 9904 | -€1,496 | -€3,388 | -€1,892 | -126% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,496 | -€3,388 | -€1,892 | -126% |
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 23 October 2026 via checked.be.