CLAERBOUT: 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.
CLAERBOUT
Largest movements
- Cash -€65,711
down €65,711 (-38.8%), from €169,247 to €103,536
mainly Contributions, distributions and other (-€70,000) and Investment in fixed assets (net) (-€65,808)
- Current investments +€59,061
up €59,061 (+22.9%), from €257,375 to €316,435
- Receivables within one year -€37,145
down €37,145 (-7.4%), from €499,396 to €462,251
of which Other amounts receivable: -€29,508
- Deferred charges and accrued income +€26,274
up €26,274 (+1267.5%), from €2,073 to €28,347
- Tangible fixed assets +€13,126
up €13,126 (+9.8%), from €133,785 to €146,911
of which Furniture and vehicles: +€27,730
- Tax, wage and social debts -€15,338
down €15,338 (-46.3%), from €33,147 to €17,809
- Gross operating margin -€19,759
down €19,759 (-12.1%), from €162,745 to €142,987
- Financial income -€11,284
down €11,284 (-36.7%), from €30,780 to €19,496
- Taxes -€5,805
down €5,805 (-17.4%), from €33,299 to €27,494
- Depreciation -€5,309
down €5,309 (-9.2%), from €57,991 to €52,682
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 | €1,067,115 | €1,065,780 | -€1,335 | -0.1% |
| Fixed assets | 21/28 | €133,785 | €146,911 | +€13,126 | +9.8% |
| Tangible fixed assets | 22/27 | €133,785 | €146,911 | +€13,126 | +9.8% |
| Land and buildings | 22 | €4,824 | €2,662 | -€2,163 | -44.8% |
| Plant, machinery and equipment | 23 | €37,074 | €24,633 | -€12,441 | -33.6% |
| Furniture and vehicles | 24 | €91,886 | €119,616 | +€27,730 | +30.2% |
| Current assets | 29/58 | €933,330 | €918,869 | -€14,461 | -1.5% |
| Stocks and contracts in progress | 3 | €5,240 | €8,300 | +€3,060 | +58.4% |
| Stocks | 30/36 | €5,240 | €8,300 | +€3,060 | +58.4% |
| Amounts receivable within one year | 40/41 | €499,396 | €462,251 | -€37,145 | -7.4% |
| Trade receivables | 40 | €7,637 | - | -€7,637 | |
| Other amounts receivable | 41 | €491,759 | €462,251 | -€29,508 | -6.0% |
| Current investments | 50/53 | €257,375 | €316,435 | +€59,061 | +22.9% |
| Cash at bank and in hand | 54/58 | €169,247 | €103,536 | -€65,711 | -38.8% |
| Deferred charges and accrued income | 490/1 | €2,073 | €28,347 | +€26,274 | +1267.5% |
| Total equity and liabilities | 10/49 | €1,067,115 | €1,065,780 | -€1,335 | -0.1% |
| Equity | 10/15 | €1,026,867 | €1,034,742 | +€7,875 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,008,267 | €1,016,142 | +€7,875 | +0.8% |
| Distributable reserves | 133 | €1,008,267 | €1,016,142 | +€7,875 | +0.8% |
| Amounts payable | 17/49 | €40,248 | €31,038 | -€9,210 | -22.9% |
| Amounts payable within one year | 42/48 | €40,248 | €31,038 | -€9,210 | -22.9% |
| Trade debts | 44 | €2,522 | €1,023 | -€1,499 | -59.4% |
| Suppliers | 440/4 | €2,522 | €1,023 | -€1,499 | -59.4% |
| Taxes, remuneration and social security | 45 | €33,147 | €17,809 | -€15,338 | -46.3% |
| Taxes | 450/3 | €33,147 | €17,809 | -€15,338 | -46.3% |
| Other amounts payable | 47/48 | €4,578 | €12,205 | +€7,627 | +166.6% |
| Non-recurring operating income | 76A | €6,997 | - | -€6,997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,991 | €52,682 | -€5,309 | -9.2% |
| Other operating charges | 640/8 | €1,212 | €1,192 | -€20 | -1.7% |
| Gross operating margin | 9900 | €162,745 | €142,987 | -€19,759 | -12.1% |
| Operating profit (loss) | 9901 | €103,542 | €89,112 | -€14,430 | -13.9% |
| Financial income | 75/76B | €30,780 | €19,496 | -€11,284 | -36.7% |
| Recurring financial income | 75 | €30,780 | €19,496 | -€11,284 | -36.7% |
| Financial charges | 65/66B | €3,953 | €3,240 | -€713 | -18.0% |
| Recurring financial charges | 65 | €3,953 | €3,240 | -€713 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €130,369 | €105,368 | -€25,001 | -19.2% |
| Income taxes | 67/77 | €33,299 | €27,494 | -€5,805 | -17.4% |
| Profit (loss) for the period | 9904 | €97,070 | €77,875 | -€19,196 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €97,070 | €77,875 | -€19,196 | -19.8% |
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 10 October 2026 via checked.be.