Claeijs Joshua: what changed
Claeijs Joshua
Largest movements
- Tangible fixed assets -€18,128
down €18,128 (-20.0%), from €90,423 to €72,295
of which Plant, machinery and equipment: -€12,486
- Receivables within one year -€6,533
down €6,533 (-42.8%), from €15,251 to €8,718
of which Other amounts receivable: -€6,032
- Cash +€4,639
up €4,639 (+9.3%), from €50,055 to €54,694
mainly Net result for the year (+€35,704) and Depreciation (+€25,021)
- Current investments +€2,744
up €2,744 (+36.6%), from €7,500 to €10,243
- Stocks and contracts +€2,351
new in 2025: €2,351
- Reserves +€35,704
new in 2025: €35,704
- Other debts -€22,413
down €22,413 (-93.4%), from €24,000 to €1,587
- Debts after one year -€18,444
down €18,444 (-36.3%), from €50,805 to €32,361
- Current portion of long-term debt +€18,444
new in 2025: €18,444
- Short-term financial debts -€17,610
no longer reported in 2025 (was €17,610)
- Gross operating margin -€5,100
down €5,100 (-6.5%), from €78,430 to €73,330
- Taxes +€4,148
up €4,148 (+86.3%), from €4,805 to €8,953
- Staff costs -€3,403
no longer reported in 2025 (was €3,403)
- Depreciation +€2,012
up €2,012 (+8.7%), from €23,009 to €25,021
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,009 | €148,301 | -€16,708 | -10.1% |
| Fixed assets | 21/28 | €90,423 | €72,295 | -€18,128 | -20.0% |
| Tangible fixed assets | 22/27 | €90,423 | €72,295 | -€18,128 | -20.0% |
| Plant, machinery and equipment | 23 | €56,083 | €43,598 | -€12,486 | -22.3% |
| Furniture and vehicles | 24 | €34,339 | €28,697 | -€5,642 | -16.4% |
| Current assets | 29/58 | €74,586 | €76,006 | +€1,420 | +1.9% |
| Stocks and contracts in progress | 3 | - | €2,351 | +€2,351 | |
| Stocks | 30/36 | - | €2,351 | +€2,351 | |
| Amounts receivable within one year | 40/41 | €15,251 | €8,718 | -€6,533 | -42.8% |
| Trade receivables | 40 | €8,117 | €7,616 | -€501 | -6.2% |
| Other amounts receivable | 41 | €7,134 | €1,102 | -€6,032 | -84.6% |
| Current investments | 50/53 | €7,500 | €10,243 | +€2,744 | +36.6% |
| Cash at bank and in hand | 54/58 | €50,055 | €54,694 | +€4,639 | +9.3% |
| Deferred charges and accrued income | 490/1 | €1,781 | - | -€1,781 | |
| Total equity and liabilities | 10/49 | €165,009 | €148,301 | -€16,708 | -10.1% |
| Equity | 10/15 | €52,588 | €88,292 | +€35,704 | +67.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €35,704 | +€35,704 | |
| Distributable reserves | 133 | - | €35,704 | +€35,704 | |
| Profit (loss) carried forward | 14 | €51,588 | €51,588 | = | 0.0% |
| Amounts payable | 17/49 | €112,421 | €60,009 | -€52,412 | -46.6% |
| Amounts payable after more than one year | 17 | €50,805 | €32,361 | -€18,444 | -36.3% |
| Financial debts | 170/4 | €50,805 | €32,361 | -€18,444 | -36.3% |
| Amounts payable within one year | 42/48 | €61,616 | €21,277 | -€40,339 | -65.5% |
| Current portion of amounts payable after more than one year | 42 | - | €18,444 | +€18,444 | |
| Financial debts | 43 | €17,610 | - | -€17,610 | |
| Credit institutions | 430/8 | €17,610 | - | -€17,610 | |
| Trade debts | 44 | €2,342 | €80 | -€2,262 | -96.6% |
| Suppliers | 440/4 | €2,342 | €80 | -€2,262 | -96.6% |
| Taxes, remuneration and social security | 45 | €17,665 | €1,167 | -€16,498 | -93.4% |
| Taxes | 450/3 | €17,665 | €1,167 | -€16,498 | -93.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €24,000 | €1,587 | -€22,413 | -93.4% |
| Accrued charges and deferred income | 492/3 | - | €6,371 | +€6,371 | |
| Remuneration, social security and pensions | 62 | €3,403 | - | -€3,403 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,009 | €25,021 | +€2,012 | +8.7% |
| Other operating charges | 640/8 | €1,081 | €732 | -€349 | -32.3% |
| Gross operating margin | 9900 | €78,430 | €73,330 | -€5,100 | -6.5% |
| Operating profit (loss) | 9901 | €50,938 | €47,578 | -€3,360 | -6.6% |
| Financial income | 75/76B | €692 | €566 | -€127 | -18.3% |
| Recurring financial income | 75 | €692 | €566 | -€127 | -18.3% |
| Financial charges | 65/66B | €4,046 | €3,487 | -€559 | -13.8% |
| Recurring financial charges | 65 | €4,046 | €3,487 | -€559 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €47,585 | €44,657 | -€2,928 | -6.2% |
| Income taxes | 67/77 | €4,805 | €8,953 | +€4,148 | +86.3% |
| Profit (loss) for the period | 9904 | €42,780 | €35,704 | -€7,077 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,780 | €35,704 | -€7,077 | -16.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.