CLABEMA: 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.
CLABEMA
Largest movements
- Financial fixed assets -€250,000
no longer reported in 2025 (was €250,000)
- Current investments +€201,099
new in 2025: €201,099
- Tangible fixed assets -€115,751
down €115,751 (-18.1%), from €639,569 to €523,817
of which Land and buildings: -€141,689
- Cash +€111,130
up €111,130 (+1423.0%), from €7,810 to €118,940
- Receivables within one year -€62,836
down €62,836 (-19.0%), from €329,872 to €267,036
- Profit (loss) carried forward +€223,623
up €223,623, from -€221,759 to €1,864
- Short-term financial debts -€190,000
no longer reported in 2025 (was €190,000)
- Trade debts -€52,374
down €52,374 (-96.6%), from €54,196 to €1,822
- Current portion of long-term debt -€34,475
no longer reported in 2025 (was €34,475)
- Debts after one year -€23,500
down €23,500 (-14.9%), from €157,363 to €133,863
- Gross operating margin +€811,038
up €811,038 (+1921.0%), from €42,220 to €853,257
- Financial charges +€232,015
up €232,015 (+1065.7%), from €21,771 to €253,786
of which Non-recurring financial charges: +€250,000
- Financial income +€16,379
up €16,379 (+210.3%), from €7,788 to €24,167
- Other operating charges -€14,204
down €14,204 (-55.7%), from €25,488 to €11,284
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,277,155 | €1,170,150 | -€107,005 | -8.4% |
| Fixed assets | 21/28 | €889,569 | €523,817 | -€365,751 | -41.1% |
| Tangible fixed assets | 22/27 | €639,569 | €523,817 | -€115,751 | -18.1% |
| Land and buildings | 22 | €626,534 | €484,845 | -€141,689 | -22.6% |
| Plant, machinery and equipment | 23 | €10,586 | - | -€10,586 | |
| Other tangible fixed assets | 26 | €2,449 | €38,973 | +€36,524 | +1491.4% |
| Financial fixed assets | 28 | €250,000 | - | -€250,000 | |
| Current assets | 29/58 | €387,586 | €646,332 | +€258,746 | +66.8% |
| Amounts receivable within one year | 40/41 | €329,872 | €267,036 | -€62,836 | -19.0% |
| Other amounts receivable | 41 | €329,872 | €267,036 | -€62,836 | -19.0% |
| Current investments | 50/53 | - | €201,099 | +€201,099 | |
| Cash at bank and in hand | 54/58 | €7,810 | €118,940 | +€111,130 | +1423.0% |
| Deferred charges and accrued income | 490/1 | €49,904 | €59,257 | +€9,353 | +18.7% |
| Total equity and liabilities | 10/49 | €1,277,155 | €1,170,150 | -€107,005 | -8.4% |
| Equity | 10/15 | €697,829 | €921,452 | +€223,623 | +32.0% |
| Contributions | 10/11 | €843,000 | €843,000 | = | 0.0% |
| Capital | 10 | €843,000 | €843,000 | = | 0.0% |
| Issued capital | 100 | €843,000 | €843,000 | = | 0.0% |
| Reserves | 13 | €76,588 | €76,588 | = | 0.0% |
| Non-distributable reserves | 130/1 | €57,838 | €57,838 | = | 0.0% |
| Legal reserve | 130 | €57,838 | €57,838 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€221,759 | €1,864 | +€223,623 | |
| Amounts payable | 17/49 | €579,326 | €248,698 | -€330,629 | -57.1% |
| Amounts payable after more than one year | 17 | €157,363 | €133,863 | -€23,500 | -14.9% |
| Financial debts | 170/4 | €157,363 | €133,863 | -€23,500 | -14.9% |
| Amounts payable within one year | 42/48 | €411,667 | €114,835 | -€296,832 | -72.1% |
| Current portion of amounts payable after more than one year | 42 | €34,475 | - | -€34,475 | |
| Financial debts | 43 | €190,000 | - | -€190,000 | |
| Credit institutions | 430/8 | €190,000 | - | -€190,000 | |
| Trade debts | 44 | €54,196 | €1,822 | -€52,374 | -96.6% |
| Suppliers | 440/4 | €54,196 | €1,822 | -€52,374 | -96.6% |
| Taxes, remuneration and social security | 45 | €747 | €580 | -€167 | -22.4% |
| Taxes | 450/3 | €747 | €580 | -€167 | -22.4% |
| Other amounts payable | 47/48 | €132,249 | €112,433 | -€19,816 | -15.0% |
| Accrued charges and deferred income | 492/3 | €10,296 | - | -€10,296 | |
| Non-recurring operating income | 76A | - | €900,843 | +€900,843 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,481 | €46,479 | +€1,997 | +4.5% |
| Other operating charges | 640/8 | €25,488 | €11,284 | -€14,204 | -55.7% |
| Non-recurring operating charges | 66A | - | €341,200 | +€341,200 | |
| Gross operating margin | 9900 | €42,220 | €853,257 | +€811,038 | +1921.0% |
| Operating profit (loss) | 9901 | -€27,749 | €454,295 | +€482,044 | |
| Financial income | 75/76B | €7,788 | €24,167 | +€16,379 | +210.3% |
| Recurring financial income | 75 | €7,788 | €24,167 | +€16,379 | +210.3% |
| Financial charges | 65/66B | €21,771 | €253,786 | +€232,015 | +1065.7% |
| Recurring financial charges | 65 | €21,771 | €3,786 | -€17,985 | -82.6% |
| Non-recurring financial charges | 66B | - | €250,000 | +€250,000 | |
| Profit (loss) for the period before taxes | 9903 | -€41,732 | €224,676 | +€266,408 | |
| Income taxes | 67/77 | €1,214 | €1,053 | -€162 | -13.3% |
| Profit (loss) for the period | 9904 | -€42,947 | €223,623 | +€266,570 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,947 | €223,623 | +€266,570 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.