What changed?
Two fiscal 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.
CLIP ELEC
Largest movements
- Receivables within one year +€32,150
up €32,150 (+304.6%), from €10,553 to €42,703
of which Trade receivables: +€23,796
- Cash -€16,401
down €16,401 (-40.6%), from €40,440 to €24,039
mainly Receivables within one year (-€32,150) and Other debts (-€30,843)
- Tangible fixed assets -€9,553
down €9,553 (-25.4%), from €37,631 to €28,079
of which Leasing and similar rights: -€8,100
- Stocks and contracts -€9,155
down €9,155 (-49.1%), from €18,639 to €9,484
- Intangible fixed assets -€2,000
down €2,000 (-11.3%), from €17,688 to €15,688
- Other debts -€30,843
down €30,843 (-75.9%), from €40,616 to €9,774
- Reserves +€18,000
up €18,000 (+69.2%), from €26,000 to €44,000
- Trade debts +€12,250
up €12,250 (+74.9%), from €16,362 to €28,612
- Debts after one year -€5,769
down €5,769 (-25.0%), from €23,058 to €17,289
- Tax, wage and social debts -€2,012
down €2,012 (-62.3%), from €3,229 to €1,217
of which Remuneration and social security: -€1,987
- Gross operating margin -€12,966
down €12,966 (-17.9%), from €72,564 to €59,598
- Staff costs +€8,610
up €8,610 (+105.3%), from €8,180 to €16,790
- Depreciation -€5,719
down €5,719 (-31.6%), from €18,116 to €12,397
- Taxes -€3,267
down €3,267 (-29.6%), from €11,047 to €7,780
- Financial charges -€962
down €962 (-26.2%), from €3,671 to €2,710
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.
Cash bridge derived
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 | €127,093 | €120,197 | -€6,896 | -5.4% |
| Fixed assets | 21/28 | €56,074 | €43,971 | -€12,103 | -21.6% |
| Intangible fixed assets | 21 | €17,688 | €15,688 | -€2,000 | -11.3% |
| Tangible fixed assets | 22/27 | €37,631 | €28,079 | -€9,553 | -25.4% |
| Plant, machinery and equipment | 23 | €2,195 | €1,287 | -€908 | -41.4% |
| Furniture and vehicles | 24 | €4,304 | €3,758 | -€545 | -12.7% |
| Leasing and similar rights | 25 | €31,133 | €23,034 | -€8,100 | -26.0% |
| Financial fixed assets | 28 | €755 | €205 | -€550 | -72.8% |
| Current assets | 29/58 | €71,019 | €76,226 | +€5,207 | +7.3% |
| Stocks and contracts in progress | 3 | €18,639 | €9,484 | -€9,155 | -49.1% |
| Stocks | 30/36 | €18,639 | €9,484 | -€9,155 | -49.1% |
| Amounts receivable within one year | 40/41 | €10,553 | €42,703 | +€32,150 | +304.6% |
| Trade receivables | 40 | €3,148 | €26,944 | +€23,796 | +755.9% |
| Other amounts receivable | 41 | €7,405 | €15,759 | +€8,354 | +112.8% |
| Cash at bank and in hand | 54/58 | €40,440 | €24,039 | -€16,401 | -40.6% |
| Deferred charges and accrued income | 490/1 | €1,387 | - | -€1,387 | |
| Total equity and liabilities | 10/49 | €127,093 | €120,197 | -€6,896 | -5.4% |
| Equity | 10/15 | €36,823 | €56,263 | +€19,440 | +52.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €26,000 | €44,000 | +€18,000 | +69.2% |
| Distributable reserves | 133 | €26,000 | €44,000 | +€18,000 | +69.2% |
| Profit (loss) carried forward | 14 | €823 | €2,263 | +€1,440 | +175.0% |
| Amounts payable | 17/49 | €90,271 | €63,935 | -€26,336 | -29.2% |
| Amounts payable after more than one year | 17 | €23,058 | €17,289 | -€5,769 | -25.0% |
| Financial debts | 170/4 | €23,058 | €17,289 | -€5,769 | -25.0% |
| Amounts payable within one year | 42/48 | €67,213 | €46,646 | -€20,567 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €7,006 | €7,044 | +€38 | +0.5% |
| Trade debts | 44 | €16,362 | €28,612 | +€12,250 | +74.9% |
| Suppliers | 440/4 | €16,362 | €28,612 | +€12,250 | +74.9% |
| Taxes, remuneration and social security | 45 | €3,229 | €1,217 | -€2,012 | -62.3% |
| Taxes | 450/3 | €256 | €230 | -€26 | -10.0% |
| Remuneration and social security | 454/9 | €2,974 | €987 | -€1,987 | -66.8% |
| Other amounts payable | 47/48 | €40,616 | €9,774 | -€30,843 | -75.9% |
| Remuneration, social security and pensions | 62 | €8,180 | €16,790 | +€8,610 | +105.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,116 | €12,397 | -€5,719 | -31.6% |
| Other operating charges | 640/8 | €682 | €506 | -€176 | -25.8% |
| Non-recurring operating charges | 66A | €454 | - | -€454 | |
| Gross operating margin | 9900 | €72,564 | €59,598 | -€12,966 | -17.9% |
| Operating profit (loss) | 9901 | €45,133 | €29,905 | -€15,228 | -33.7% |
| Financial income | 75/76B | €8 | €25 | +€17 | +207.0% |
| Recurring financial income | 75 | €8 | €25 | +€17 | +207.0% |
| Financial charges | 65/66B | €3,671 | €2,710 | -€962 | -26.2% |
| Recurring financial charges | 65 | €3,671 | €2,710 | -€962 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €41,470 | €27,220 | -€14,249 | -34.4% |
| Income taxes | 67/77 | €11,047 | €7,780 | -€3,267 | -29.6% |
| Profit (loss) for the period | 9904 | €30,423 | €19,440 | -€10,983 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,423 | €19,440 | -€10,983 | -36.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.