B. Claeys: 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.
B. Claeys
Largest movements
- Tangible fixed assets -€20,166
down €20,166 (-22.3%), from €90,372 to €70,206
of which Furniture and vehicles: -€18,629
- Stocks and contracts -€3,304
no longer reported in 2025 (was €3,304)
- Debts after one year -€23,003
down €23,003 (-44.4%), from €51,773 to €28,771
- Trade debts -€6,899
down €6,899 (-69.0%), from €10,005 to €3,105
- Short-term financial debts +€5,000
up €5,000 (+125.0%), from €4,000 to €9,000
- Profit (loss) carried forward +€3,966
up €3,966 (+55.7%), from €7,122 to €11,088
- Other debts -€3,631
down €3,631 (-58.2%), from €6,235 to €2,604
- Gross operating margin +€30,588
up €30,588 (+474.8%), from €6,442 to €37,030
- Depreciation +€6,793
up €6,793 (+30.2%), from €22,520 to €29,312
- Staff costs -€2,288
no longer reported in 2025 (was €2,288)
- Financial charges +€928
up €928 (+40.9%), from €2,271 to €3,199
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 | €111,018 | €86,744 | -€24,274 | -21.9% |
| Fixed assets | 21/28 | €90,372 | €70,206 | -€20,166 | -22.3% |
| Tangible fixed assets | 22/27 | €90,372 | €70,206 | -€20,166 | -22.3% |
| Plant, machinery and equipment | 23 | €39,762 | €38,224 | -€1,537 | -3.9% |
| Furniture and vehicles | 24 | €50,611 | €31,982 | -€18,629 | -36.8% |
| Current assets | 29/58 | €20,646 | €16,538 | -€4,108 | -19.9% |
| Stocks and contracts in progress | 3 | €3,304 | - | -€3,304 | |
| Contracts in progress | 37 | €3,304 | - | -€3,304 | |
| Amounts receivable within one year | 40/41 | €14,799 | €14,260 | -€540 | -3.6% |
| Trade receivables | 40 | €6,210 | €10,260 | +€4,050 | +65.2% |
| Other amounts receivable | 41 | €8,589 | €4,000 | -€4,589 | -53.4% |
| Cash at bank and in hand | 54/58 | €1,445 | €2,178 | +€733 | +50.7% |
| Deferred charges and accrued income | 490/1 | €1,098 | €100 | -€998 | -90.9% |
| Total equity and liabilities | 10/49 | €111,018 | €86,744 | -€24,274 | -21.9% |
| Equity | 10/15 | €10,122 | €14,088 | +€3,966 | +39.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,122 | €11,088 | +€3,966 | +55.7% |
| Amounts payable | 17/49 | €100,897 | €72,656 | -€28,240 | -28.0% |
| Amounts payable after more than one year | 17 | €51,773 | €28,771 | -€23,003 | -44.4% |
| Financial debts | 170/4 | €51,773 | €28,771 | -€23,003 | -44.4% |
| Amounts payable within one year | 42/48 | €49,123 | €43,886 | -€5,238 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €24,280 | €23,644 | -€635 | -2.6% |
| Financial debts | 43 | €4,000 | €9,000 | +€5,000 | +125.0% |
| Credit institutions | 430/8 | €4,000 | €9,000 | +€5,000 | +125.0% |
| Trade debts | 44 | €10,005 | €3,105 | -€6,899 | -69.0% |
| Suppliers | 440/4 | €10,005 | €3,105 | -€6,899 | -69.0% |
| Taxes, remuneration and social security | 45 | €4,604 | €5,532 | +€928 | +20.2% |
| Taxes | 450/3 | €2,511 | €5,532 | +€3,021 | +120.3% |
| Remuneration and social security | 454/9 | €2,093 | - | -€2,093 | |
| Other amounts payable | 47/48 | €6,235 | €2,604 | -€3,631 | -58.2% |
| Remuneration, social security and pensions | 62 | €2,288 | - | -€2,288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,520 | €29,312 | +€6,793 | +30.2% |
| Other operating charges | 640/8 | €370 | €571 | +€201 | +54.4% |
| Gross operating margin | 9900 | €6,442 | €37,030 | +€30,588 | +474.8% |
| Operating profit (loss) | 9901 | -€18,736 | €7,146 | +€25,882 | |
| Financial income | 75/76B | €30 | €19 | -€11 | -35.5% |
| Recurring financial income | 75 | €30 | €19 | -€11 | -35.5% |
| Financial charges | 65/66B | €2,271 | €3,199 | +€928 | +40.9% |
| Recurring financial charges | 65 | €2,271 | €3,199 | +€928 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,977 | €3,966 | +€24,943 | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€20,977 | €3,966 | +€24,943 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,977 | €3,966 | +€24,943 |
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 6 October 2026 via checked.be.