CLEMORE: what changed
CLEMORE
Largest movements
- Cash +€51,122
up €51,122 (+749%), from €6,823 to €57,945
mainly Net result for the year (+€53,133) and Other debts (+€25,000)
- Receivables within one year -€5,473
down €5,473 (-5.2%), from €104,785 to €99,312
of which Trade receivables: -€22,000
- Tangible fixed assets -€5,384
down €5,384 (-13.0%), from €41,313 to €35,929
of which Other tangible fixed assets: -€6,193
- Reserves +€155,200
new in 2025: €155,200
- Profit (loss) carried forward -€137,980
down €137,980 (-100%), from €137,980 to €0
- Other debts +€25,000
new in 2025: €25,000
- Trade debts -€4,264
down €4,264 (-100%), from €4,264 to €0
- Tax, wage and social debts +€3,458
up €3,458 (+74.0%), from €4,674 to €8,132
- Gross operating margin +€37,986
up €37,986 (+149%), from €25,556 to €63,543
- Taxes +€3,970
up €3,970 (+111%), from €3,575 to €7,546
- Depreciation -€2,113
down €2,113 (-23.8%), from €8,865 to €6,752
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 | €153,805 | €195,132 | +€41,327 | +26.9% |
| Fixed assets | 21/28 | €41,313 | €35,929 | -€5,384 | -13.0% |
| Tangible fixed assets | 22/27 | €41,313 | €35,929 | -€5,384 | -13.0% |
| Furniture and vehicles | 24 | €273 | €1,082 | +€809 | +296% |
| Other tangible fixed assets | 26 | €41,039 | €34,847 | -€6,193 | -15.1% |
| Current assets | 29/58 | €112,493 | €159,203 | +€46,710 | +41.5% |
| Amounts receivable within one year | 40/41 | €104,785 | €99,312 | -€5,473 | -5.2% |
| Trade receivables | 40 | €22,000 | - | -€22,000 | |
| Other amounts receivable | 41 | €82,785 | €99,312 | +€16,527 | +20.0% |
| Cash at bank and in hand | 54/58 | €6,823 | €57,945 | +€51,122 | +749% |
| Deferred charges and accrued income | 490/1 | €885 | €1,946 | +€1,061 | +120% |
| Total equity and liabilities | 10/49 | €153,805 | €195,132 | +€41,327 | +26.9% |
| Equity | 10/15 | €144,780 | €162,000 | +€17,220 | +11.9% |
| Contributions | 10/11 | €6,800 | €6,800 | = | 0.0% |
| Reserves | 13 | - | €155,200 | +€155,200 | |
| Distributable reserves | 133 | - | €155,200 | +€155,200 | |
| Profit (loss) carried forward | 14 | €137,980 | €0 | -€137,980 | -100% |
| Amounts payable | 17/49 | €9,026 | €33,132 | +€24,106 | +267% |
| Amounts payable within one year | 42/48 | €8,938 | €33,132 | +€24,194 | +271% |
| Trade debts | 44 | €4,264 | €0 | -€4,264 | -100% |
| Suppliers | 440/4 | €4,264 | €0 | -€4,264 | -100% |
| Taxes, remuneration and social security | 45 | €4,674 | €8,132 | +€3,458 | +74.0% |
| Taxes | 450/3 | €4,674 | €8,132 | +€3,458 | +74.0% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Accrued charges and deferred income | 492/3 | €88 | €0 | -€88 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,865 | €6,752 | -€2,113 | -23.8% |
| Other operating charges | 640/8 | €1,053 | €444 | -€609 | -57.8% |
| Gross operating margin | 9900 | €25,556 | €63,543 | +€37,986 | +149% |
| Operating profit (loss) | 9901 | €15,639 | €56,347 | +€40,708 | +260% |
| Financial income | 75/76B | €4,464 | €4,889 | +€425 | +9.5% |
| Recurring financial income | 75 | €4,464 | €4,889 | +€425 | +9.5% |
| Financial charges | 65/66B | €259 | €558 | +€299 | +116% |
| Recurring financial charges | 65 | €259 | €558 | +€299 | +116% |
| Profit (loss) for the period before taxes | 9903 | €19,844 | €60,678 | +€40,834 | +206% |
| Income taxes | 67/77 | €3,575 | €7,546 | +€3,970 | +111% |
| Profit (loss) for the period | 9904 | €16,269 | €53,133 | +€36,864 | +227% |
| Profit (loss) for the period to be appropriated | 9905 | €16,269 | €53,133 | +€36,864 | +227% |
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 2 November 2026 via checked.be.