CLA-MOR: 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.
CLA-MOR
Largest movements
- Receivables within one year +€62,991
up €62,991 (+1376.4%), from €4,577 to €67,567
of which Trade receivables: +€40,943
- Tangible fixed assets +€35,456
up €35,456 (+13.3%), from €266,229 to €301,686
of which Other tangible fixed assets: +€33,963
- Cash +€8,296
up €8,296 (+1441.3%), from €576 to €8,872
mainly Other debts (+€145,751) and Trade debts (+€56,664)
- Other debts +€145,751
up €145,751 (+22.3%), from €653,323 to €799,075
- Profit (loss) carried forward -€113,948
down €113,948 (-14.3%), from -€799,295 to -€913,243
- Trade debts +€56,664
up €56,664 (+1272.5%), from €4,453 to €61,117
- Tax, wage and social debts -€24,569
down €24,569 (-84.5%), from €29,067 to €4,498
of which Taxes: -€28,926
- Debts after one year +€18,505
up €18,505 (+12.0%), from €154,752 to €173,257
- Staff costs +€85,888
new in 2025: €85,888
- Gross operating margin -€31,939
down €31,939 (-94.6%), from €33,773 to €1,834
- Taxes -€10,371
down €10,371, from €3,323 to -€7,048
- Depreciation +€10,274
up €10,274 (+68.8%), from €14,940 to €25,214
- Other operating charges +€2,593
up €2,593 (+107.2%), from €2,419 to €5,012
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 | €271,382 | €378,315 | +€106,933 | +39.4% |
| Fixed assets | 21/28 | €266,229 | €301,876 | +€35,646 | +13.4% |
| Tangible fixed assets | 22/27 | €266,229 | €301,686 | +€35,456 | +13.3% |
| Land and buildings | 22 | €246,557 | €237,830 | -€8,726 | -3.5% |
| Plant, machinery and equipment | 23 | €10,745 | €8,562 | -€2,183 | -20.3% |
| Furniture and vehicles | 24 | €8,927 | €21,330 | +€12,402 | +138.9% |
| Other tangible fixed assets | 26 | - | €33,963 | +€33,963 | |
| Financial fixed assets | 28 | - | €190 | +€190 | |
| Current assets | 29/58 | €5,152 | €76,439 | +€71,287 | +1383.6% |
| Amounts receivable within one year | 40/41 | €4,577 | €67,567 | +€62,991 | +1376.4% |
| Trade receivables | 40 | €2,900 | €43,843 | +€40,943 | +1411.8% |
| Other amounts receivable | 41 | €1,677 | €23,724 | +€22,047 | +1315.0% |
| Cash at bank and in hand | 54/58 | €576 | €8,872 | +€8,296 | +1441.3% |
| Total equity and liabilities | 10/49 | €271,382 | €378,315 | +€106,933 | +39.4% |
| Equity | 10/15 | -€591,185 | -€705,133 | -€113,948 | -19.3% |
| Contributions | 10/11 | €206,250 | €206,250 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€799,295 | -€913,243 | -€113,948 | -14.3% |
| Amounts payable | 17/49 | €862,567 | €1,083,448 | +€220,881 | +25.6% |
| Amounts payable after more than one year | 17 | €154,752 | €173,257 | +€18,505 | +12.0% |
| Financial debts | 170/4 | €154,752 | €173,257 | +€18,505 | +12.0% |
| Amounts payable within one year | 42/48 | €707,815 | €903,513 | +€195,698 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €20,972 | €32,863 | +€11,892 | +56.7% |
| Trade debts | 44 | €4,453 | €61,117 | +€56,664 | +1272.5% |
| Suppliers | 440/4 | €4,453 | €61,117 | +€56,664 | +1272.5% |
| Advances received on contracts in progress | 46 | - | €5,961 | +€5,961 | |
| Taxes, remuneration and social security | 45 | €29,067 | €4,498 | -€24,569 | -84.5% |
| Taxes | 450/3 | €29,067 | €141 | -€28,926 | -99.5% |
| Remuneration and social security | 454/9 | - | €4,357 | +€4,357 | |
| Other amounts payable | 47/48 | €653,323 | €799,075 | +€145,751 | +22.3% |
| Accrued charges and deferred income | 492/3 | - | €6,678 | +€6,678 | |
| Remuneration, social security and pensions | 62 | - | €85,888 | +€85,888 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,940 | €25,214 | +€10,274 | +68.8% |
| Other operating charges | 640/8 | €2,419 | €5,012 | +€2,593 | +107.2% |
| Gross operating margin | 9900 | €33,773 | €1,834 | -€31,939 | -94.6% |
| Operating profit (loss) | 9901 | €16,414 | -€114,280 | -€130,694 | |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €4,252 | €6,744 | +€2,492 | +58.6% |
| Recurring financial charges | 65 | €4,252 | €6,744 | +€2,492 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €12,162 | -€120,996 | -€133,158 | |
| Income taxes | 67/77 | €3,323 | -€7,048 | -€10,371 | |
| Profit (loss) for the period | 9904 | €8,838 | -€113,948 | -€122,787 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,838 | -€113,948 | -€122,787 |
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.