C'CLAIR: 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.
C'CLAIR
Largest movements
- Receivables within one year +€60,805
up €60,805 (+57.0%), from €106,610 to €167,415
of which Trade receivables: +€44,981
- Cash -€33,049
down €33,049 (-38.5%), from €85,832 to €52,784
mainly Receivables within one year (-€60,805) and Other debts (-€17,018)
- Intangible fixed assets -€16,562
down €16,562 (-8.6%), from €193,662 to €177,100
- Receivables after one year +€10,000
new in 2025: €10,000
- Trade debts +€37,277
up €37,277 (+136.1%), from €27,388 to €64,664
- Reserves +€25,000
up €25,000 (+22.3%), from €111,860 to €136,860
of which Distributable reserves: +€25,000
- Other debts -€17,018
down €17,018 (-73.9%), from €23,024 to €6,006
- Debts after one year -€16,213
down €16,213 (-8.0%), from €203,087 to €186,873
- Tax, wage and social debts -€12,099
down €12,099 (-63.8%), from €18,976 to €6,877
of which Taxes: -€15,848
- Staff costs +€49,360
up €49,360 (+3297.4%), from €1,497 to €50,857
- Gross operating margin -€13,713
down €13,713 (-9.5%), from €144,880 to €131,167
- Taxes -€9,397
down €9,397 (-45.1%), from €20,844 to €11,447
- Financial charges -€2,281
down €2,281 (-24.6%), from €9,255 to €6,974
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 | €428,378 | €447,741 | +€19,363 | +4.5% |
| Fixed assets | 21/28 | €227,118 | €210,929 | -€16,189 | -7.1% |
| Intangible fixed assets | 21 | €193,662 | €177,100 | -€16,562 | -8.6% |
| Tangible fixed assets | 22/27 | €32,886 | €31,759 | -€1,127 | -3.4% |
| Plant, machinery and equipment | 23 | €2,270 | €1,642 | -€628 | -27.7% |
| Furniture and vehicles | 24 | €23,159 | €23,610 | +€451 | +1.9% |
| Other tangible fixed assets | 26 | €7,457 | €6,508 | -€949 | -12.7% |
| Financial fixed assets | 28 | €570 | €2,070 | +€1,500 | +263.2% |
| Current assets | 29/58 | €201,259 | €236,811 | +€35,552 | +17.7% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Stocks and contracts in progress | 3 | €1,895 | €2,356 | +€461 | +24.3% |
| Stocks | 30/36 | €1,895 | €2,356 | +€461 | +24.3% |
| Amounts receivable within one year | 40/41 | €106,610 | €167,415 | +€60,805 | +57.0% |
| Trade receivables | 40 | €92,619 | €137,600 | +€44,981 | +48.6% |
| Other amounts receivable | 41 | €13,991 | €29,815 | +€15,824 | +113.1% |
| Cash at bank and in hand | 54/58 | €85,832 | €52,784 | -€33,049 | -38.5% |
| Deferred charges and accrued income | 490/1 | €6,921 | €4,257 | -€2,665 | -38.5% |
| Total equity and liabilities | 10/49 | €428,378 | €447,741 | +€19,363 | +4.5% |
| Equity | 10/15 | €137,640 | €164,607 | +€26,967 | +19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,860 | €136,860 | +€25,000 | +22.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €110,000 | €135,000 | +€25,000 | +22.7% |
| Profit (loss) carried forward | 14 | €7,180 | €9,147 | +€1,967 | +27.4% |
| Amounts payable | 17/49 | €290,738 | €283,134 | -€7,604 | -2.6% |
| Amounts payable after more than one year | 17 | €203,087 | €186,873 | -€16,213 | -8.0% |
| Financial debts | 170/4 | €203,087 | €186,873 | -€16,213 | -8.0% |
| Amounts payable within one year | 42/48 | €87,651 | €96,261 | +€8,609 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €15,712 | €16,213 | +€501 | +3.2% |
| Financial debts | 43 | €2,552 | €2,500 | -€52 | -2.0% |
| Credit institutions | 430/8 | €2,552 | €2,500 | -€52 | -2.0% |
| Trade debts | 44 | €27,388 | €64,664 | +€37,277 | +136.1% |
| Suppliers | 440/4 | €27,388 | €64,664 | +€37,277 | +136.1% |
| Taxes, remuneration and social security | 45 | €18,976 | €6,877 | -€12,099 | -63.8% |
| Taxes | 450/3 | €18,976 | €3,128 | -€15,848 | -83.5% |
| Remuneration and social security | 454/9 | - | €3,748 | +€3,748 | |
| Other amounts payable | 47/48 | €23,024 | €6,006 | -€17,018 | -73.9% |
| Non-recurring operating income | 76A | €14,157 | €1,285 | -€12,872 | -90.9% |
| Remuneration, social security and pensions | 62 | €1,497 | €50,857 | +€49,360 | +3297.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,962 | €24,714 | -€1,248 | -4.8% |
| Other operating charges | 640/8 | €1,261 | €975 | -€286 | -22.7% |
| Non-recurring operating charges | 66A | - | €4,866 | +€4,866 | |
| Gross operating margin | 9900 | €144,880 | €131,167 | -€13,713 | -9.5% |
| Operating profit (loss) | 9901 | €116,160 | €49,755 | -€66,405 | -57.2% |
| Financial income | 75/76B | €1,263 | €1,634 | +€371 | +29.4% |
| Recurring financial income | 75 | €1,263 | €1,634 | +€371 | +29.4% |
| Financial charges | 65/66B | €9,255 | €6,974 | -€2,281 | -24.6% |
| Recurring financial charges | 65 | €9,255 | €6,974 | -€2,281 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €108,167 | €44,415 | -€63,753 | -58.9% |
| Income taxes | 67/77 | €20,844 | €11,447 | -€9,397 | -45.1% |
| Profit (loss) for the period | 9904 | €87,323 | €32,967 | -€54,356 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €87,323 | €32,967 | -€54,356 | -62.2% |
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 7 October 2026 via checked.be.