CLOVIS: 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.
CLOVIS
Largest movements
- Cash +€31,520
up €31,520 (+80.1%), from €39,371 to €70,891
mainly Other debts (+€81,211) and Net result for the year (+€47,829)
- Other debts +€81,211
new in 2025: €81,211
- Reserves -€29,240
down €29,240 (-26.4%), from €110,935 to €81,695
- Tax, wage and social debts -€10,838
down €10,838 (-39.9%), from €27,179 to €16,341
- Profit (loss) carried forward -€6,997
down €6,997 (-100%), from €6,997 to €0
- Short-term financial debts -€4,023
down €4,023 (-100%), from €4,023 to €0
- Gross operating margin +€4,146
up €4,146 (+6.3%), from €65,595 to €69,740
- Financial charges -€3,769
down €3,769 (-73.6%), from €5,120 to €1,350
- Taxes +€1,194
up €1,194 (+7.9%), from €15,178 to €16,372
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 | €164,218 | €193,284 | +€29,066 | +17.7% |
| Fixed assets | 21/28 | €56,179 | €55,857 | -€321 | -0.6% |
| Tangible fixed assets | 22/27 | €56,179 | €55,857 | -€321 | -0.6% |
| Land and buildings | 22 | €56,179 | €52,797 | -€3,382 | -6.0% |
| Furniture and vehicles | 24 | - | €3,060 | +€3,060 | |
| Current assets | 29/58 | €108,039 | €137,427 | +€29,388 | +27.2% |
| Amounts receivable within one year | 40/41 | €1,555 | €0 | -€1,555 | -100% |
| Other amounts receivable | 41 | €1,555 | €0 | -€1,555 | -100% |
| Current investments | 50/53 | €66,000 | €66,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,371 | €70,891 | +€31,520 | +80.1% |
| Deferred charges and accrued income | 490/1 | €1,113 | €536 | -€577 | -51.8% |
| Total equity and liabilities | 10/49 | €164,218 | €193,284 | +€29,066 | +17.7% |
| Equity | 10/15 | €130,332 | €94,095 | -€36,237 | -27.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €110,935 | €81,695 | -€29,240 | -26.4% |
| Distributable reserves | 133 | €110,935 | €81,695 | -€29,240 | -26.4% |
| Profit (loss) carried forward | 14 | €6,997 | €0 | -€6,997 | -100% |
| Amounts payable | 17/49 | €33,886 | €99,189 | +€65,303 | +193% |
| Amounts payable within one year | 42/48 | €33,886 | €99,189 | +€65,303 | +193% |
| Financial debts | 43 | €4,023 | €0 | -€4,023 | -100% |
| Credit institutions | 430/8 | €4,023 | €0 | -€4,023 | -100% |
| Trade debts | 44 | €2,685 | €1,638 | -€1,047 | -39.0% |
| Suppliers | 440/4 | €2,685 | €1,638 | -€1,047 | -39.0% |
| Taxes, remuneration and social security | 45 | €27,179 | €16,341 | -€10,838 | -39.9% |
| Taxes | 450/3 | €27,179 | €16,341 | -€10,838 | -39.9% |
| Other amounts payable | 47/48 | - | €81,211 | +€81,211 | |
| Non-recurring operating income | 76A | €8,597 | €0 | -€8,597 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,382 | €3,535 | +€153 | +4.5% |
| Other operating charges | 640/8 | €629 | €655 | +€25 | +4.0% |
| Non-recurring operating charges | 66A | €58 | - | -€58 | |
| Gross operating margin | 9900 | €65,595 | €69,740 | +€4,146 | +6.3% |
| Operating profit (loss) | 9901 | €61,526 | €65,551 | +€4,025 | +6.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,120 | €1,350 | -€3,769 | -73.6% |
| Recurring financial charges | 65 | €5,120 | €1,350 | -€3,769 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | €56,406 | €64,201 | +€7,794 | +13.8% |
| Income taxes | 67/77 | €15,178 | €16,372 | +€1,194 | +7.9% |
| Profit (loss) for the period | 9904 | €41,228 | €47,829 | +€6,600 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,228 | €47,829 | +€6,600 | +16.0% |
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.