CLAERHOUDT: 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.
CLAERHOUDT
Largest movements
- Tangible fixed assets -€16,120
down €16,120 (-3.5%), from €466,084 to €449,964
of which Land and buildings: -€17,743
- Receivables within one year -€8,093
down €8,093 (-27.9%), from €28,970 to €20,877
of which Trade receivables: -€8,400
- Cash +€7,314
up €7,314 (+7.1%), from €103,110 to €110,424
mainly Depreciation (+€18,571) and Receivables within one year (+€8,093)
- Profit (loss) carried forward -€8,769
down €8,769 (-33.6%), from -€26,097 to -€34,865
- Gross operating margin -€7,999
down €7,999 (-39.3%), from €20,362 to €12,363
- Financial income +€832
up €832 (+437%), from €190 to €1,022
- Financial charges -€576
down €576 (-23.6%), from €2,437 to €1,861
- Other operating charges +€405
up €405 (+11.8%), from €3,433 to €3,837
- Depreciation +€393
up €393 (+2.2%), from €18,177 to €18,571
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.
Derived cash bridge
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 | €599,825 | €583,006 | -€16,819 | -2.8% |
| Fixed assets | 21/28 | €466,084 | €449,964 | -€16,120 | -3.5% |
| Tangible fixed assets | 22/27 | €466,084 | €449,964 | -€16,120 | -3.5% |
| Land and buildings | 22 | €464,451 | €446,707 | -€17,743 | -3.8% |
| Plant, machinery and equipment | 23 | €1,633 | €3,257 | +€1,624 | +99.4% |
| Current assets | 29/58 | €133,741 | €133,042 | -€699 | -0.5% |
| Amounts receivable within one year | 40/41 | €28,970 | €20,877 | -€8,093 | -27.9% |
| Trade receivables | 40 | €28,970 | €20,570 | -€8,400 | -29.0% |
| Other amounts receivable | 41 | - | €307 | +€307 | |
| Cash at bank and in hand | 54/58 | €103,110 | €110,424 | +€7,314 | +7.1% |
| Deferred charges and accrued income | 490/1 | €1,661 | €1,741 | +€80 | +4.8% |
| Total equity and liabilities | 10/49 | €599,825 | €583,006 | -€16,819 | -2.8% |
| Equity | 10/15 | €556,168 | €545,814 | -€10,355 | -1.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €11,339 | €11,339 | = | 0.0% |
| Reserves | 13 | €552,334 | €550,748 | -€1,586 | -0.3% |
| Tax-exempt reserves | 132 | €40,125 | €38,539 | -€1,586 | -4.0% |
| Distributable reserves | 133 | €512,209 | €512,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,097 | -€34,865 | -€8,769 | -33.6% |
| Provisions and deferred taxes | 16 | €13,233 | €12,705 | -€529 | -4.0% |
| Deferred taxes | 168 | €13,233 | €12,705 | -€529 | -4.0% |
| Amounts payable | 17/49 | €30,423 | €24,487 | -€5,936 | -19.5% |
| Amounts payable within one year | 42/48 | €26,982 | €21,462 | -€5,520 | -20.5% |
| Trade debts | 44 | €2,558 | €2,232 | -€327 | -12.8% |
| Suppliers | 440/4 | €2,558 | €2,232 | -€327 | -12.8% |
| Other amounts payable | 47/48 | €24,423 | €19,230 | -€5,194 | -21.3% |
| Accrued charges and deferred income | 492/3 | €3,441 | €3,026 | -€415 | -12.1% |
| Non-recurring operating income | 76A | €343 | - | -€343 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,177 | €18,571 | +€393 | +2.2% |
| Other operating charges | 640/8 | €3,433 | €3,837 | +€405 | +11.8% |
| Gross operating margin | 9900 | €20,362 | €12,363 | -€7,999 | -39.3% |
| Operating profit (loss) | 9901 | -€1,249 | -€10,045 | -€8,797 | -705% |
| Financial income | 75/76B | €190 | €1,022 | +€832 | +437% |
| Recurring financial income | 75 | €190 | €1,022 | +€832 | +437% |
| Financial charges | 65/66B | €2,437 | €1,861 | -€576 | -23.6% |
| Recurring financial charges | 65 | €2,437 | €1,861 | -€576 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,495 | -€10,883 | -€7,389 | -211% |
| Transfer from deferred taxes | 780 | €529 | €529 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€2,966 | -€10,355 | -€7,389 | -249% |
| Transfer from tax-exempt reserves | 789 | €1,586 | €1,586 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,380 | -€8,769 | -€7,389 | -535% |
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 22 October 2026 via checked.be.