CLAERHOUT: what changed
What changed
CLAERHOUT
NACE 73.110, Advertising agencies
filed annual accounts (NBB)
Net result for the year
€630,611
2024 · €647,616-€17,005
Equity
€6.7m
2024 · €6.0m+€630,611
Cash
€1.4m
2024 · €722,378+€678,149
Balance sheet total
€7.1m
2024 · €8.1m-€957,509
Largest movements
Assets
- Current investments -€1.7m
down €1.7m (-47.6%), from €3.6m to €1.9m
- Cash +€678,149
up €678,149 (+93.9%), from €722,378 to €1.4m
mainly Current investments (+€1.7m) and Net result for the year (+€630,611)
- Receivables within one year +€114,935
up €114,935 (+15.2%), from €756,904 to €871,839
of which Trade receivables: +€69,034
Equity and liabilities
- Other debts -€1.5m
no longer reported in 2025 (was €1.5m)
- Profit (loss) carried forward +€443,051
up €443,051 (+21.7%), from €2.0m to €2.5m
- Reserves +€187,560
up €187,560 (+6.3%), from €3.0m to €3.2m
of which Tax-exempt reserves: +€187,560
Income statement
- Gross operating margin -€139,646
down €139,646 (-7.4%), from €1.9m to €1.7m
- Staff costs -€114,076
down €114,076 (-12.7%), from €895,479 to €781,403
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.
Result 2024
€647,616
Gross operating margin
-€139,646
Staff costs
+€114,076
Depreciation
+€9,428
Other operating charges
-€2,878
Other operating items
-€822
Financial income
-€6,188
Financial charges
-€2,791
Taxes
+€12,309
Deferred taxes and other
-€493
Result 2025
€630,611
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€899,805
Investment
+€1.6m
Financing
€0
Cash 2024
€722,378
From operations (derived)
-€899,805
Net result for the year
+€630,611
Depreciation
+€208,897
Receivables after one year
+€7,500
Stocks and contracts
-€1,515
Receivables within one year
-€114,935
Deferred charges and accrued income
-€42,243
Provisions
-€7,646
Trade debts
-€43,688
Tax, wage and social debts
-€36,786
Other debts
-€1.5m
Investment (derived)
+€1.6m
Investment in fixed assets (net)
-€155,376
Current investments
+€1.7m
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,099,315 | €7,141,806 | -€957,509 | -11.8% |
| Fixed assets | 21/28 | €2,884,758 | €2,831,237 | -€53,521 | -1.9% |
| Intangible fixed assets | 21 | €1,379,605 | €1,379,605 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,503,633 | €1,450,112 | -€53,521 | -3.6% |
| Land and buildings | 22 | €1,191,446 | €1,121,183 | -€70,263 | -5.9% |
| Plant, machinery and equipment | 23 | €155,576 | €140,115 | -€15,461 | -9.9% |
| Furniture and vehicles | 24 | €156,611 | €188,814 | +€32,203 | +20.6% |
| Financial fixed assets | 28 | €1,520 | €1,520 | = | 0.0% |
| Current assets | 29/58 | €5,214,557 | €4,310,569 | -€903,988 | -17.3% |
| Amounts receivable after more than one year | 29 | €7,500 | - | -€7,500 | |
| Other amounts receivable | 291 | €7,500 | - | -€7,500 | |
| Stocks and contracts in progress | 3 | €2,618 | €4,133 | +€1,515 | +57.9% |
| Stocks | 30/36 | €2,618 | €4,133 | +€1,515 | +57.9% |
| Amounts receivable within one year | 40/41 | €756,904 | €871,839 | +€114,935 | +15.2% |
| Trade receivables | 40 | €753,825 | €822,859 | +€69,034 | +9.2% |
| Other amounts receivable | 41 | €3,079 | €48,980 | +€45,901 | +1,491% |
| Current investments | 50/53 | €3,642,000 | €1,908,670 | -€1.7m | -47.6% |
| Cash at bank and in hand | 54/58 | €722,378 | €1,400,527 | +€678,149 | +93.9% |
| Deferred charges and accrued income | 490/1 | €83,157 | €125,400 | +€42,243 | +50.8% |
| Total equity and liabilities | 10/49 | €8,099,315 | €7,141,806 | -€957,509 | -11.8% |
| Equity | 10/15 | €6,028,373 | €6,658,984 | +€630,611 | +10.5% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €2,984,812 | €3,172,372 | +€187,560 | +6.3% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €385,074 | €572,634 | +€187,560 | +48.7% |
| Distributable reserves | 133 | €2,499,738 | €2,499,738 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,043,561 | €2,486,612 | +€443,051 | +21.7% |
| Provisions and deferred taxes | 16 | €126,510 | €118,864 | -€7,646 | -6.0% |
| Deferred taxes | 168 | €126,510 | €118,864 | -€7,646 | -6.0% |
| Amounts payable | 17/49 | €1,944,432 | €363,958 | -€1.6m | -81.3% |
| Amounts payable within one year | 42/48 | €1,944,432 | €363,958 | -€1.6m | -81.3% |
| Trade debts | 44 | €346,894 | €303,206 | -€43,688 | -12.6% |
| Suppliers | 440/4 | €346,894 | €303,206 | -€43,688 | -12.6% |
| Taxes, remuneration and social security | 45 | €97,538 | €60,752 | -€36,786 | -37.7% |
| Taxes | 450/3 | €49,930 | €18,691 | -€31,239 | -62.6% |
| Remuneration and social security | 454/9 | €47,608 | €42,061 | -€5,547 | -11.7% |
| Other amounts payable | 47/48 | €1,500,000 | - | -€1.5m | |
| Non-recurring operating income | 76A | €5,833 | - | -€5,833 | |
| Remuneration, social security and pensions | 62 | €895,479 | €781,403 | -€114,076 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,325 | €208,897 | -€9,428 | -4.3% |
| Other operating charges | 640/8 | €17,513 | €20,391 | +€2,878 | +16.4% |
| Non-recurring operating charges | 66A | - | €822 | +€822 | |
| Gross operating margin | 9900 | €1,884,382 | €1,744,736 | -€139,646 | -7.4% |
| Operating profit (loss) | 9901 | €753,065 | €733,223 | -€19,842 | -2.6% |
| Financial income | 75/76B | €120,700 | €114,512 | -€6,188 | -5.1% |
| Recurring financial income | 75 | €120,700 | €114,512 | -€6,188 | -5.1% |
| Financial charges | 65/66B | €2,068 | €4,859 | +€2,791 | +135% |
| Recurring financial charges | 65 | €2,068 | €4,859 | +€2,791 | +135% |
| Profit (loss) for the period before taxes | 9903 | €871,697 | €842,876 | -€28,821 | -3.3% |
| Transfer from deferred taxes | 780 | €8,140 | €7,647 | -€493 | -6.1% |
| Income taxes | 67/77 | €232,221 | €219,912 | -€12,309 | -5.3% |
| Profit (loss) for the period | 9904 | €647,616 | €630,611 | -€17,005 | -2.6% |
| Transfer from tax-exempt reserves | 789 | €24,420 | €22,940 | -€1,480 | -6.1% |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €672,036 | €443,051 | -€228,985 | -34.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.