C-LAUDI: 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.
C-LAUDI
Largest movements
- Stocks and contracts -€221,757
down €221,757 (-99.5%), from €222,785 to €1,028
- Deferred charges and accrued income +€87,064
up €87,064 (+33.8%), from €257,741 to €344,805
- Receivables within one year +€44,152
up €44,152 (+226%), from €19,555 to €63,708
of which Trade receivables: +€26,340
- Advances received +€89,427
up €89,427 (+25.7%), from €347,430 to €436,857
- Trade debts -€72,606
down €72,606 (-97.9%), from €74,140 to €1,534
- Tax, wage and social debts -€69,319
down €69,319 (-56.7%), from €122,291 to €52,972
- Debts after one year -€40,678
no longer reported in 2025 (was €40,678)
- Gross operating margin -€104,136
down €104,136 (-98.4%), from €105,860 to €1,723
- Taxes -€21,160
down €21,160, from €21,117 to -€43
- Financial charges -€17,054
down €17,054 (-76.8%), from €22,193 to €5,139
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 | €667,537 | €570,684 | -€96,853 | -14.5% |
| Fixed assets | 21/28 | €2,318 | €1,025 | -€1,293 | -55.8% |
| Intangible fixed assets | 21 | €1,006 | €296 | -€710 | -70.6% |
| Tangible fixed assets | 22/27 | €1,312 | €729 | -€583 | -44.4% |
| Furniture and vehicles | 24 | €1,312 | €729 | -€583 | -44.4% |
| Current assets | 29/58 | €665,219 | €569,660 | -€95,560 | -14.4% |
| Stocks and contracts in progress | 3 | €222,785 | €1,028 | -€221,757 | -99.5% |
| Stocks | 30/36 | €222,785 | €1,028 | -€221,757 | -99.5% |
| Amounts receivable within one year | 40/41 | €19,555 | €63,708 | +€44,152 | +226% |
| Trade receivables | 40 | €10,376 | €36,715 | +€26,340 | +254% |
| Other amounts receivable | 41 | €9,180 | €26,992 | +€17,812 | +194% |
| Cash at bank and in hand | 54/58 | €165,138 | €160,119 | -€5,019 | -3.0% |
| Deferred charges and accrued income | 490/1 | €257,741 | €344,805 | +€87,064 | +33.8% |
| Total equity and liabilities | 10/49 | €667,537 | €570,684 | -€96,853 | -14.5% |
| Equity | 10/15 | €82,998 | €78,000 | -€4,998 | -6.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €877 | €877 | = | 0.0% |
| Non-distributable reserves | 130/1 | €877 | €877 | = | 0.0% |
| Reserves not available under the articles | 1311 | €877 | €877 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,121 | €57,123 | -€4,998 | -8.0% |
| Amounts payable | 17/49 | €584,539 | €492,684 | -€91,855 | -15.7% |
| Amounts payable after more than one year | 17 | €40,678 | - | -€40,678 | |
| Financial debts | 170/4 | €40,678 | - | -€40,678 | |
| Amounts payable within one year | 42/48 | €543,860 | €491,363 | -€52,497 | -9.7% |
| Trade debts | 44 | €74,140 | €1,534 | -€72,606 | -97.9% |
| Suppliers | 440/4 | €74,140 | €1,534 | -€72,606 | -97.9% |
| Advances received on contracts in progress | 46 | €347,430 | €436,857 | +€89,427 | +25.7% |
| Taxes, remuneration and social security | 45 | €122,291 | €52,972 | -€69,319 | -56.7% |
| Taxes | 450/3 | €122,291 | €52,972 | -€69,319 | -56.7% |
| Accrued charges and deferred income | 492/3 | - | €1,321 | +€1,321 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,293 | €1,293 | = | 0.0% |
| Other operating charges | 640/8 | €511 | €524 | +€12 | +2.4% |
| Gross operating margin | 9900 | €105,860 | €1,723 | -€104,136 | -98.4% |
| Operating profit (loss) | 9901 | €104,055 | -€94 | -€104,149 | |
| Financial income | 75/76B | €1,201 | €191 | -€1,010 | -84.1% |
| Recurring financial income | 75 | €1,201 | €191 | -€1,010 | -84.1% |
| Financial charges | 65/66B | €22,193 | €5,139 | -€17,054 | -76.8% |
| Recurring financial charges | 65 | €22,193 | €5,139 | -€17,054 | -76.8% |
| Profit (loss) for the period before taxes | 9903 | €83,063 | -€5,041 | -€88,104 | |
| Income taxes | 67/77 | €21,117 | -€43 | -€21,160 | |
| Profit (loss) for the period | 9904 | €61,946 | -€4,998 | -€66,945 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,946 | -€4,998 | -€66,945 |
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 21 October 2026 via checked.be.