CLADES: 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.
CLADES
Largest movements
- Cash +€442,728
up €442,728 (+76.3%), from €580,100 to €1.0m
mainly Net result for the year (+€277,027) and Stocks and contracts (+€212,224)
- Stocks and contracts -€212,224
down €212,224 (-97.7%), from €217,174 to €4,950
- Tangible fixed assets -€46,139
down €46,139 (-11.0%), from €419,755 to €373,616
of which Land and buildings: -€23,333
- Reserves +€277,027
up €277,027 (+62.6%), from €442,505 to €719,532
- Trade debts -€254,865
down €254,865 (-81.1%), from €314,379 to €59,514
- Tax, wage and social debts +€126,196
up €126,196 (+245.8%), from €51,332 to €177,528
of which Taxes: +€139,308
- Other debts +€33,108
up €33,108 (+27.0%), from €122,631 to €155,739
- Gross operating margin +€262,620
up €262,620 (+119.0%), from €220,648 to €483,268
- Taxes +€86,801
up €86,801 (+227.2%), from €38,211 to €125,012
- Write-downs -€53,529
down €53,529 (-355.7%), from -€15,051 to -€68,579
- Depreciation +€22,501
up €22,501 (+95.2%), from €23,638 to €46,139
- Financial income -€5,640
down €5,640 (-43.9%), from €12,832 to €7,193
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 | €1,217,164 | €1,401,529 | +€184,366 | +15.1% |
| Fixed assets | 21/28 | €419,755 | €373,616 | -€46,139 | -11.0% |
| Tangible fixed assets | 22/27 | €419,755 | €373,616 | -€46,139 | -11.0% |
| Land and buildings | 22 | €396,667 | €373,334 | -€23,333 | -5.9% |
| Furniture and vehicles | 24 | €23,088 | €282 | -€22,806 | -98.8% |
| Current assets | 29/58 | €797,409 | €1,027,914 | +€230,505 | +28.9% |
| Stocks and contracts in progress | 3 | €217,174 | €4,950 | -€212,224 | -97.7% |
| Stocks | 30/36 | €217,174 | €4,950 | -€212,224 | -97.7% |
| Amounts receivable within one year | 40/41 | €135 | €135 | = | 0.0% |
| Other amounts receivable | 41 | €135 | €135 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €580,100 | €1,022,828 | +€442,728 | +76.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,217,164 | €1,401,529 | +€184,366 | +15.1% |
| Equity | 10/15 | €698,776 | €975,804 | +€277,027 | +39.6% |
| Contributions | 10/11 | €256,271 | €256,271 | = | 0.0% |
| Reserves | 13 | €442,505 | €719,532 | +€277,027 | +62.6% |
| Distributable reserves | 133 | €442,505 | €719,532 | +€277,027 | +62.6% |
| Provisions and deferred taxes | 16 | €22,942 | €22,942 | = | 0.0% |
| Deferred taxes | 168 | €22,942 | €22,942 | = | 0.0% |
| Amounts payable | 17/49 | €495,445 | €402,783 | -€92,662 | -18.7% |
| Amounts payable within one year | 42/48 | €488,342 | €392,781 | -€95,561 | -19.6% |
| Trade debts | 44 | €314,379 | €59,514 | -€254,865 | -81.1% |
| Suppliers | 440/4 | €314,379 | €59,514 | -€254,865 | -81.1% |
| Taxes, remuneration and social security | 45 | €51,332 | €177,528 | +€126,196 | +245.8% |
| Taxes | 450/3 | €25,774 | €165,082 | +€139,308 | +540.5% |
| Remuneration and social security | 454/9 | €25,558 | €12,446 | -€13,112 | -51.3% |
| Other amounts payable | 47/48 | €122,631 | €155,739 | +€33,108 | +27.0% |
| Accrued charges and deferred income | 492/3 | €7,103 | €10,002 | +€2,900 | +40.8% |
| Remuneration, social security and pensions | 62 | €92,800 | €94,217 | +€1,416 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,638 | €46,139 | +€22,501 | +95.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,051 | -€68,579 | -€53,529 | -355.7% |
| Other operating charges | 640/8 | €3,475 | €3,795 | +€320 | +9.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €220,648 | €483,268 | +€262,620 | +119.0% |
| Operating profit (loss) | 9901 | €115,785 | €407,697 | +€291,912 | +252.1% |
| Financial income | 75/76B | €12,832 | €7,193 | -€5,640 | -43.9% |
| Recurring financial income | 75 | €12,832 | €7,193 | -€5,640 | -43.9% |
| Financial charges | 65/66B | €10,198 | €12,850 | +€2,652 | +26.0% |
| Recurring financial charges | 65 | €10,198 | €12,850 | +€2,652 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €118,420 | €402,040 | +€283,620 | +239.5% |
| Income taxes | 67/77 | €38,211 | €125,012 | +€86,801 | +227.2% |
| Profit (loss) for the period | 9904 | €80,209 | €277,027 | +€196,819 | +245.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,209 | €277,027 | +€196,819 | +245.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.